Healthy Greater Newark Aco Inc
- Assets
- $998.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- West Orange, NJ
- Founding
- 10/2016
- Data as of
- 12/2018
- EIN
- 81-1404514
Organization Overview
Healthy Greater Newark Aco Inc is located in West Orange, NJ. The organization was established in 2016. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthy Greater Newark Aco Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2018, Healthy Greater Newark Aco Inc generated $1.2m in total revenue. All expenses for the organization totaled $1.1m during the year ending 12/2018. While expenses have increased by 72.7% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE CARE EXPERIENCE FOR MEDICAID ENROLLEES AND STRENGTHEN PUBLIC HEALTH OUTCOMES, WHILE RESPONSIBLY CONTROLLING THE COST OF CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW JERSEY MEDICAID ACO PILOT SUPPORTS THE DESIGN AND IMPLEMENTATION OF A MEDICAID ACCOUNTABLE CARE PILOT IN THREE NJ COMMUNITIES (NEWARK, TRENTON AND CAMDEN) TO EXPLORE INNOVATIVE SYSTEM RE-DESIGN INCLUDING (A) TESTING THE ACO AS AN ALTERNATIVE TO MANAGED CARE, (B) EVALUATING HOW CARE MANAGEMENT AND CARE COORDINATION COULD BE DELIVERED TO HIGH RISK, HIGH COST UTILIZERS, (C) STRETCHING THE ROLE OF MEDICAID BEYOND MEDICAL SERVICES TO INTEGRATE SOCIAL SERVICES AND, (D) TESTING PAYMENT REFORM MODELS INCLUDING PAY FOR PERFORMANCE METRICS AND INCENTIVES. ACO INFRASTRUCTURE (THE NICHOLSON FOUNDATION) SUPPORTS THE MEDICAID ACO PILOT BY FUNDING CORE ACO STAFF, SPECIFICALLY AN EXECUTIVE DIRECTOR AND DATA ANALYST, AND RELATED EFFORTS TO RESEARCH, DESIGN AND IMPLEMENT ACO FINANCING AND CARE MANAGEMENT MODELS. ACO INFRASTRUCTURE (HEALTHCARE FOUNDATION OF NJ) SUPPORTS THE MEDICAID ACO PILOT BY FUNDING CORE ACO STAFF, SPECIFICALLY A CLINICAL DIRECTOR, TO OVERSEE CLINICAL OPERATIONS OF THE ACO, INCLUDING WORKING WITH FIELD STAFF AND PARTNER AGENCIES ON STRATEGIES TO IMPROVE COORDINATION AND CARE DELIVERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Rodgers Chairperson | OfficerTrustee | 4 | $0 |
Jeremiah Murillo MD Vice-Chairperson | OfficerTrustee | 4 | $0 |
Tomas Gregorio Secretary | OfficerTrustee | 4 | $0 |
Doug Zehner Treasurer | OfficerTrustee | 4 | $0 |
Keri Logosso-Misurell Executive Director | Officer | 40 | $0 |
Vivian Cox Fraser Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Careevolution Software Consulting | 12/30/18 | $350,000 |
Greater Newark Healthcare Coalition Management Services | 12/30/18 | $424,853 |
Vnacjinc Healthcare Services | 12/30/18 | $436,496 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $964,782 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,152,164 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,152,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,353 |
| Fees for services: Accounting | $23,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $614,661 |
| Advertising and promotion | $0 |
| Office expenses | $16,131 |
| Information technology | $346,360 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,617 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,352 |
| All other expenses | $0 |
| Total functional expenses | $1,096,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,358 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $323,222 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $261,478 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $998,058 |
| Accounts payable and accrued expenses | $397,160 |
| Grants payable | $0 |
| Deferred revenue | $134,080 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $531,240 |
| Unrestricted restricted net Assets | $466,818 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $466,818 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Healthy Greater Newark Aco Inc has recieved totaling $76,541.
| Awarding Organization | Amount |
|---|---|
Healthcare Foundation Of New Jersey Inc Millburn, NJ PURPOSE: HEALTHY GREATER NEWARK MEDICAID ACCOUNTABLE CARE ORGANIZATION | $49,835 |
Healthcare Foundation Of New Jersey Inc Millburn, NJ PURPOSE: HEALTHY GREATER NEWARK MEDICAID ACCOUNTABLE CARE ORGANIZATION | $26,706 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Main Line Health System Newtown Square, PA | $716,989,438 | $16,528,062 |
Albany Medical Center Saratoga Springs, NY | $17,328,223 | $18,761,699 |
Keystone Human Services Harrisburg, PA | $87,650,682 | $15,974,485 |
Metropolitan Medical Practice Plan Pc Bronx, NY | $6,076,770 | $14,643,918 |
Gslpg Inc Allentown, PA | $2,068,397 | $14,256,674 |
Wellspan Health Care Services York, PA | $27,111,355 | $16,698,867 |
Heritage Valley Health System Inc Beaver, PA | $119,093,589 | $30,915,024 |
Pittsburgh Mercy Health System Inc Pittsburgh, PA | $67,521,734 | $13,055,628 |
Glade Run Medical Associates Kittanning, PA | $1,611,141 | $7,978,684 |
Buffalo Niagara Medical Campus Inc Buffalo, NY | $98,865,415 | $10,408,874 |
Highmark Health Pittsburgh, PA | $7,929,072 | $9,317,844 |