HUDSON HEALTHCARE INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- HUDSON HEALTHCARE INC (EIN 01-0873064)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2013-02-01
- IRS object ID
- 201310329349301026
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-02-01T13:59:39-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 221478099 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 BECKER FARM ROAD | AddressLine1 |
| City | ROSELAND | City |
| State | NJ | State |
| ZIP Code | 070681739 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010873064 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HUDSON HEALTHCARE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | HUDS | NameControl |
| Phone | 2014182249 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 308 WILLOW AVENUE | AddressLine1 |
| City | HOBOKEN | City |
| State | NJ | State |
| ZIP Code | 07030 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BERNARD A KATZ | Name |
| Title | TRUSTEE | Title |
| Phone | 2014182249 | Phone |
| Date Signed | 2013-02-01 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS LANNING | Name |
| PTIN | P00851654 | PTIN |
| Phone | 9732283500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | BERNARD A KATZ | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 308 WILLOW AVENUE | AddressLine1 |
| City | HOBOKEN | City |
| State | NJ | State |
| ZIP Code | 07030 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 117883789 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.HOBOKENUMC.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2007 | YearFormation |
| State Legal Domicile | NJ | StateLegalDomicile |
| Activity Or Mission Description | THE ORGANIZATION WAS FORMED FOR THE PROMOTION OF HEALTH OF THE COMMUNITY AND DELIVERY OF HEALTH CARE SERVICES AND FUNDRAISING FOR HUDSON UNIVERSITY MEDICAL CENTER. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 5 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 3 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1389 | TotalNbrEmployees |
| Total Nbr Volunteers | 1437 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 273475 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 168172 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 5048 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2714 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 129747316 | OtherRevenuePriorYear |
| Other Revenue Current Year | 117712903 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 130025839 | TotalRevenuePriorYear |
| Total Revenue Current Year | 117883789 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 81667634 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 69675859 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2536 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 71464496 | OtherExpensePriorYear |
| Other Expenses Current Year | 42741702 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 153132130 | TotalExpensesPriorYear |
| Total Expenses Current Year | 112417561 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -23106291 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5466228 | RevenuesLessExpensesCY |
| Total Assets BOY | 9447631 | TotalAssetsBOY |
| Total Assets EOY | 12734980 | TotalAssetsEOY |
| Total Liabilities BOY | 32773172 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 30594293 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -23325541 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -17859313 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE ORGANIZATION WAS FORMED FOR THE PROMOTION OF HEALTH OF THE COMMUNITY AND DELIVERY OF HEALTH CARE SERVICES AND FUNDRAISING FOR HUDSON UNIVERSITY MEDICAL CENTER. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 105878341 | Expense |
| Revenue | 107614816 | Revenue |
| Description | PROMOTION OF HEALTH OF THE COMMUNITY AND DELIVERY OF HEALTH CARE SERVICES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FUNDRAISING ACTIVITIES FOR HUDSON UNIVERSITY MEDICAL CENTER | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 105878341 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 185 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1389 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 5 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 3 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2014182249 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 308 WILLOW AVENUE | AddressLine1 |
| City | HOBOKEN | City |
| State | NJ | State |
| ZIP Code | 07030 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| SPIROS HATIRAS | |||||||
| CEO/PRESIDENT | 37.50 | X | X | 205950 | 0 | 2521 | |
| VINCENT RICCITELLI | |||||||
| CFO/ACTING TREAURER | 37.50 | X | X | 205155 | 0 | 0 | |
| FRED DESANTI | |||||||
| VICE - PRESIDENT | 5.00 | X | X | 0 | 0 | 0 | |
| ANDREW GREENE | |||||||
| SECRETARY | 5.00 | X | X | 0 | 0 | 0 | |
| ANTHONY J LEITNER | |||||||
| GOVERNOR'S APPTTEE | 5.00 | X | 0 | 0 | 0 | ||
| GABRIEL KAPLAN | |||||||
| VP DEVELOPMENT | 37.50 | X | 236842 | 0 | 4230 | ||
| OSBERT FERNANDEZ | |||||||
| MD | 37.50 | 234757 | 0 | 18960 | X | ||
| MICHAEL AHN | |||||||
| DO | 37.50 | 209512 | 0 | 1682 | X | ||
| OSAMA MOSHET | |||||||
| PHYSICIAN | 37.50 | 221966 | 0 | 2674 | X | ||
| J NEAL GRESSOCK | |||||||
| PHYSICIAN | 37.50 | 204144 | 0 | 735 | X | ||
| LINDA BARRIENTOS | |||||||
| PHYSICIAN | 37.50 | 120682 | 0 | 2500 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1639008 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 33302 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 168172 | AllOtherContributions |
| Total Contributions | 168172 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2714 | TotalRevenueColumn |
| Exclusion | $2,714 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|
| MANAGEMENT FEES | 103334623 | 103334623 | |
| SETTLEMENT PROCEEDS | 9348087 | $9,348,087 | |
| FORGIVENESS OF DEBT - | 4280193 | 4280193 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 750000 | TotalRevenueColumn |
| Exclusion | $750,000 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 117712903 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 117883789 | TotalRevenueColumn |
| Related Or Exempt Function Income | 107614816 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $10,100,801 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 647947 | Total |
| Management And General | 647947 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53913611 | Total |
| Program Services | 53913611 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1953407 | Total |
| Program Services | 1953407 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8695830 | Total |
| Program Services | 8695830 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4465064 | Total |
| Program Services | 4465064 | ProgramServices |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 969371 | Total |
| Management And General | 969371 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1874130 | Total |
| Management And General | 1874130 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9873 | Total |
| Management And General | 9873 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4308894 | Total |
| Program Services | 4308894 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98265 | Total |
| Program Services | 98265 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63239 | Total |
| Program Services | 63239 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 515723 | Total |
| Program Services | 515723 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1513257 | Total |
| Program Services | 1513257 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32095 | Total |
| Program Services | 32095 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33336 | Total |
| Program Services | 33336 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6589 | Total |
| Program Services | 6589 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1390898 | Total |
| Program Services | 1390898 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| DRUGS & SUPPLIES | 12196808 | 9161445 | 3035363 |
| PHYSICIAN FEES | 5636558 | 5636558 | |
| REPAIRS & MAINT | 2765304 | 2765304 | |
| OUTSIDE SERVICES | 2571173 | 2571173 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8756189 | Total |
| Program Services | 8753653 | ProgramServices |
| Fundraising | 2536 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 112417561 | Total |
| Program Services | 105878341 | ProgramServices |
| Management And General | 6536684 | ManagementAndGeneral |
| Fundraising | 2536 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1844749 | BOY |
| EOY | 7526997 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7600000 | BOY |
| EOY | 4000000 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2882 | BOY |
| EOY | 557554 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 650429 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9447631 | BOY |
| EOY | 12734980 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32273564 | BOY |
| EOY | 30594293 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 499608 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32773172 | BOY |
| EOY | 30594293 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -23325541 | BOY |
| EOY | -17859313 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -23325541 | BOY |
| EOY | -17859313 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9447631 | BOY |
| EOY | 12734980 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 5466228 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 567184 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 365547 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 273475 | CurrentTaxYearMinus1Year |
| Current Tax Year | 131261 | CurrentTaxYear |
| Total | 1337467 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 567184 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 365547 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 273475 | CurrentTaxYearMinus1Year |
| Current Tax Year | 131261 | CurrentTaxYear |
| Total | 1337467 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 1337467 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 278910 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 105860 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 13180 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5048 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2714 | CurrentTaxYear |
| Total | 405712 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 123136074 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 142154802 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 138436610 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 129735284 | CurrentTaxYearMinus1Year |
| Current Tax Year | 117712903 | CurrentTaxYear |
| Total | 651175673 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 652918852 | TotalSupport |
| Gross Receipts From Admissions Etc | 320184 | GrossReceiptsFromAdmissionsEtc |
| First5 Years170 | X | First5Years170 |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| PENSION ESCROW | 150429 |
| INDEMNIFICATION ESCROW | 500000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 650429 | TotalBookValueOtherAssets |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SPIROS HATIRAS | |||||||||||||
| 205651 | 0 | 0 | 0 | 299 | 0 | 0 | 0 | 2521 | 0 | 208471 | 0 | 0 | 0 |
| VINCENT RICCITELLI | |||||||||||||
| 205155 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 205155 | 0 | 0 | 0 |
| GABRIEL KAPLAN | |||||||||||||
| 235035 | 0 | 0 | 0 | 1807 | 0 | 0 | 0 | 4230 | 0 | 241072 | 0 | 0 | 0 |
| OSBERT FERNANDEZ | |||||||||||||
| 234601 | 0 | 0 | 0 | 156 | 0 | 0 | 0 | 18960 | 0 | 253717 | 0 | 0 | 0 |
| MICHAEL AHN | |||||||||||||
| 209356 | 0 | 0 | 0 | 156 | 0 | 0 | 0 | 1682 | 0 | 211194 | 0 | 0 | 0 |
| OSAMA MOSHET | |||||||||||||
| 221966 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2674 | 0 | 224640 | 0 | 0 | 0 |
| J NEAL GRESSOCK | |||||||||||||
| 204144 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 735 | 0 | 204879 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH EMPLOYEES. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION USED AN OUTSIDE INDEPENDENT ORGANIZATION TO ESTABLISH COMPENSATION. AN INDEPENDENT CONSULTANT PROVIDED MARKET DATA ON EXECUTIVE COMPENSATION AND THE ORGANIZATION REVIEWED IT AND DETERMINED THAT IT FELL WITHIN THE RANGE. FOR ALL OTHER NON-UNION POSITIONS, THE ORGANIZATION HAS A SALARY GRADE SYSTEM. WHENEVER SOMEONE IS HIRED, THE ORGANIZATION LOOKS AT INCUMBENT'S SALARIES AND THE CANDIDATE'S EXPERIENCE WHEN THE ORGANIZATION EXTENDS AN OFFER. THE ORGANIZATION ALSO USES ON-LINE SURVEYS, AND AT TIMES NJHA DATA (IF AVAILABLE) TO ASSURE THAT THE ORGANIZATION IS MARKET COMPETITIVE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. INTERESTED PARTIES SHOULD CONTACT THE PRESIDENT AT 308 WILLOW AVENUE, HOBOKEN, NJ 07030. |
| FORM 990 | ON AUGUST 1, 2011 (THE PETITION DATE), THE HUDSON HEALTHCARE, INC. (THE DEBTOR) FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF TITLE 11 OF THE UNITED STATES CODE (THE BANKRUPTCY CODE). THE DEBTOR CONTINUED TO OPERATE ITS BUSINESS AS A DEBTOR-IN-POSSESSION PURSUANT TO 11 U.S.C. 1107(A) AND 1108 AFTER THE PETITION DATE. THE DEBTOR SOLD ITS ASSETS ON NOVEMBER 4, 2011 AND ALL EMPLOYEES WERE TERMINATED, INCLUDING THOSE EMPLOYEES WITH SPECIFIC KNOWLEDGE OF ITS BOOKS AND RECORDS THAT ARE REQUIRED TO COMPLETE THE 2011 FORM 990. THERE WAS NO AUDIT PERFORMED OF THE DEBTORS BOOKS AND RECORDS FOR 2011. ON JULY 31, 2012, THE BANKRUPTCY COURT ENTERED AN ORDER CONFIRMING THE DEBTORS THIRD AMENDED JOINT PLAN OF ORDERLY LIQUIDATION (THE PLAN). ON SEPTEMBER 12, 2012, THE EFFECTIVE DATE OF HUDSON HEALTHCARE, INC.S PLAN, BERNARD A. KATZ, CPA WAS APPOINTED AS THE DEBTOR REPRESENTATIVE AND LIQUIDATING TRUSTEE UNDER THE PLAN, WHICH GRANTED HIM STANDING TO WIND DOWN THE DEBTORS AFFAIRS, INCLUDING THE FILING OF TAX RETURNS. THERE BEING NO AUDIT OR EMPLOYEES AVAILABLE TO PROVIDE INFORMATION FOR USE IN ITS FORM 990 FOR 2011, THE LIQUIDATING TRUSTEE HAS RETAINED COHN REZNICK, LLP TO ASSIST IN THE PREPARATION OF ITS 990 FOR 2011 WITH THE BEST AVAILABLE INFORMATION AT THE TIME OF FILING. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOBOKEN HOSPITAL AUTHORITY FOUNDATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 308 WILLOW AVE | AddressLine1 |
| City | HOBOKEN | City |
| State | NJ | State |
| ZIP Code | 07030 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | CHARITABLE | PrimaryActivities |
| Legal Domicile State | NJ | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |