The New York Community Hospital of Brooklyn Inc

EIN: 111986351 501(c)(3) Health Care

BROOKLYN, NY

Total Revenue
$124,428,282
Total Expenses
$149,384,269
Total Assets
$87,759,449
Net Assets
$44,884,708
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
NY
Phone
7186925300
Tax Period
2023-01-01 to 2023-12-31

The New York Community Hospital of Brooklyn Inc, founded in 1947, is a major nonprofit in the Health Care sector that reported $124.4M in total revenue in fiscal year 2023. Expenses of $149.4M exceeded revenue, resulting in a 20% operating deficit.

Mission

MAIMONIDES MIDWOOD COMMUNITY HOSPITAL IS A VOLUNTARY, NON-PROFIT HOSPITAL SERVING THE PATIENTS OF BROOKLYN. THE HOSPITAL PRIDES ITSELF ON PROVIDING THE HIGHEST QUALITY HEALTHCARE ALONG WITH COMPASSION, RESPECT AND DIGNITY TO ALL OUR PATIENTS AND TO THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $141,503,801 Revenue: $120,650,772

MAIMONIDES MIDWOOD COMMUNITY HOSPITAL (MMCH) IS A VOLUNTARY, NOT FOR PROFIT COMMUNITY HOSPITAL SERVING THE PATIENT COMMUNITY OF BROOKLYN, NY. IT IS ORGANIZED AS A 501(C)(3) CORPORATION. MMCH PROVIDES...

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MAIMONIDES MIDWOOD COMMUNITY HOSPITAL (MMCH) IS A VOLUNTARY, NOT FOR PROFIT COMMUNITY HOSPITAL SERVING THE PATIENT COMMUNITY OF BROOKLYN, NY. IT IS ORGANIZED AS A 501(C)(3) CORPORATION. MMCH PROVIDES NEEDED MEDICAL CARE REGARDLESS OF AN INDIVIDUAL'S ABILITY TO PAY. SERVICES INCLUDE INPATIENT, ANCILLARY AND OUTPATIENT CARE IN KEEPING WITH THE HOSPITAL'S MISSION STATEMENT. DURING 2023, MMCH SERVICED APPROXIMATLY 5,700 INPATIENTS, PROVIDING APPROXIMATLY 32,900 PATIENT DAYS. THE EMERGENCY ROOM HAD APPROXIMATLY 23,400 VISITS AND AMBULATORY SURGERY HAD APPROXIMATELY 3,975 VISITS. IN 2023, MMCH OPENED A NEW INFUSION CENTER WHICH GENERATED APPROXIMATLY 5,100 INFUSIONS AND, A NEW MRI SUITE WAS ADDED WHERE APPROXIMATLY 1,270 SCANS WERE PERFORMED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,819,656
Program Service Revenue $120,650,772
Investment Income $524,756
Other Revenue $1,433,098
TOTAL REVENUE $124,428,282

Expense Breakdown

Grants Paid $0
Salaries & Benefits $93,508,328
Fundraising Expenses $0
Program Expenses $141,503,801
Other Expenses $55,875,941
TOTAL EXPENSES $149,384,269

Year-over-Year Comparison

2023 2022 Change
Revenue $124,428,282 $119,632,484 +0.0%
Expenses $149,384,269 $130,317,548 +0.1%
Net Income $-24,955,987 $-10,685,064 +1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
24
Employees
955
Volunteers
24

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$4,778,686
Total Directors
33
$2,891,284
Key Employees
6
$3,078,572
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT AND CEO 57.5
Officer Director
$555,486 $55,520 $611,006
N/A BOARD CHAIR 0.1
Officer Director
$0 $0 $0
N/A SECRETARY 0.1
Officer Director
$0 $0 $0
N/A PRESIDENT AND CEO 2.5
Officer Director
$0 $54,486 $1,866,979
N/A TREASURER 0.1
Officer Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A VICE CHAIR 0.1
Director
$0 $0 $0
N/A TRUSTEE (through 6/23) 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A VICE CHAIR 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE (through 5/23) 0.1
Director
$0 $0 $0
N/A TRUSTEE (Through 6/23) 0.1
Director
$0 $0 $0
N/A TRUSTEE (through 3/23) 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A MEDICAL STAFF PRESIDENT 1.0
Director
$0 $62,161 $413,299
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A VICE CHAIR 0.1
Director
$0 $0 $0
N/A TRUSTEE (through 8/23) 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE (through 9/23) 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A EVP/CHIEF LEGAL OFFICER, ASSISTANT SECRETARY 2.5
Officer
$0 $54,489 $1,313,346
N/A EVP/CFO, ASST TREASURER 2.5
Officer
$0 $64,576 $987,355
N/A CHIEF NURSING OFFICER 60.0
Key Emp
$266,248 $30,560 $296,808
N/A SR VICE PRESIDENT/COO 60.0
Key Emp
$334,774 $131,271 $466,045
N/A CHIEF INFORMATION OFFICER 60.0
Key Emp
$294,126 $61,287 $355,413
N/A EVP/COO 2.5
Key Emp
$0 $25,165 $780,454
N/A CO-CHIEF MEDICAL OFFICER 60.0
Key Emp
$800,114 $19,986 $820,100
N/A CHIEF ADMINISTRATIVE OFFICER 57.5
Key Emp
$340,863 $18,889 $359,752
N/A PHYSICIAN 35.0
Highest
$346,574 $79,590 $426,164
N/A MEDICAL DIRECTOR OF PATHOLOGY 35.0
Highest
$361,262 $75,459 $436,721
N/A PHYSICIAN 35.0
Highest
$282,109 $41,252 $323,361
N/A PHYSICIAN 35.0
Highest
$340,400 $84,379 $424,779
N/A GENERAL SURGEON 35.0
Highest
$336,509 $36,462 $372,971
N/A EVP & COO N/A
$0 $0 $720,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $124,428,282 $149,384,269 $87,759,449 $-24,955,987
2022 $119,632,484 $130,317,548 $82,260,057 $-10,685,064
2021 $143,740,583 $136,947,075 $101,696,668 $6,793,508
2020 $123,879,890 $124,063,907 $116,616,516 $-184,017
2019 $103,901,219 $109,694,672 $66,990,596 $-5,793,453
2018 $105,639,332 $108,492,702 $74,243,153 $-2,853,370
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