VIRTUA HEALTH AND REHAB AT BERLIN INC

EIN: 223554707 501(c)(3) Health Care

MARLTON, NJ

Total Revenue
$20,457,136
Total Expenses
$5,682,512
Total Assets
$2,415
Net Assets
$-160,912
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NJ
Principal Officer
DENNIS W PULLIN
Phone
8563550620
Tax Period
2022-01-01 to 2022-12-31

VIRTUA HEALTH AND REHAB AT BERLIN INC, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $20.5M in total revenue in fiscal year 2022. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.8M, a strong 72% operating margin.

Mission

WE ARE DEDICATED TO PROVIDING EACH PATIENT AND THEIR FAMILY WITH AN OUTSTANDING EXPERIENCE AND TO ENSURING THE HIGHEST QUALITY HEALTHCARE FOR THE COMMUNITY. WE ARE COMMITTED TO PROVIDING OUR HEALTHCARE TEAM WITH RESOURCES, TECHNOLOGY AND TRAINING, AS WELL AS WITH OPPORTUNITIES FOR PROFESSIONAL GROWTH.

Program Service Accomplishments

Program 1
Expenses: $3,474,881 Revenue: $2,342,871

NURSING CARE - CARE PROVIDED 24 HOURS A DAY, SEVEN DAYS A WEEK, 365 DAYS A YEAR. CARE IS GIVEN PRIMARILY TO GERIATRIC PATIENTS ADMITTED TO THE 128 BED NURSING FACILITY. PATIENT DAYS TOTALED 9,895 IN...

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NURSING CARE - CARE PROVIDED 24 HOURS A DAY, SEVEN DAYS A WEEK, 365 DAYS A YEAR. CARE IS GIVEN PRIMARILY TO GERIATRIC PATIENTS ADMITTED TO THE 128 BED NURSING FACILITY. PATIENT DAYS TOTALED 9,895 IN 2022. THE MAJORITY OF THE PATIENTS AT THE FACILITY ARE INSURED UNDER MEDICAL ASSISTANCE PROGRAMS, SUCH AS THE STATE ADMINISTERED MEDICAID PROGRAM. REIMBURSEMENT FOR THESE PROGRAMS IS LESS THAN THE COST OF THE SERVICES PROVIDED TO THE PATIENT. ON APRIL 28, 2022, THE FACILITY WAS SOLD TO AN UNRELATED THIRD PARTY, WHICH IS DESCRIBED IN SCHEDULE N.

Program 2
Expenses: $942,645 Revenue: $1,007,708

REHABILITATION - THE FACILITY PROVIDES PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY SERVICES TO PATIENTS. EMPHASIS IS PLACED ON PATIENT FOCUSED, OUTCOME DRIVEN THERAPY THAT ALLOWS EACH PERSON TO...

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REHABILITATION - THE FACILITY PROVIDES PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY SERVICES TO PATIENTS. EMPHASIS IS PLACED ON PATIENT FOCUSED, OUTCOME DRIVEN THERAPY THAT ALLOWS EACH PERSON TO ACHIEVE THEIR GREATEST RECOVERY POTENTIAL. TOTAL REHABILITATIVE ACTIVITIES EXCEEDED 2,348 HOURS IN 2022. ON APRIL 28, 2022, THE FACILITY WAS SOLD TO AN UNRELATED THIRD PARTY, WHICH IS DESCRIBED IN SCHEDULE N.

Program 3
Expenses: $557,095

DIETARY - PROVIDE MEALS FOR NURSING HOME RESIDENTS. MEALS ARE SERVED THREE TIMES A DAY, 118 DAYS A YEAR. THE TOTAL NUMBER OF MEALS SERVED TO RESIDENTS WAS 29,685 FOR 2022. ON APRIL 28, 2022, THE...

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DIETARY - PROVIDE MEALS FOR NURSING HOME RESIDENTS. MEALS ARE SERVED THREE TIMES A DAY, 118 DAYS A YEAR. THE TOTAL NUMBER OF MEALS SERVED TO RESIDENTS WAS 29,685 FOR 2022. ON APRIL 28, 2022, THE FACILITY WAS SOLD TO AN UNRELATED THIRD PARTY, WHICH IS DESCRIBED IN SCHEDULE N.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $557,956
Program Service Revenue $3,341,260
Investment Income $16,548,601
Other Revenue $9,319
TOTAL REVENUE $20,457,136

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,205,368
Fundraising Expenses $0
Program Expenses $4,974,621
Other Expenses $2,477,144
TOTAL EXPENSES $5,682,512

Year-over-Year Comparison

2022 2021 Change
Revenue $20,457,136 $9,495,012 +1.2%
Expenses $5,682,512 $14,992,418 -0.6%
Net Income $14,774,624 $-5,497,406 -3.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
18
Employees
147
Volunteers
18

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
5
$5,145,596
Total Directors
20
$3,796,333
Key Employees
1
$474,253
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS W PULLIN PRESIDENT/CEO 0.20
Officer Director
$0 $51,109 $3,096,351
ROBERT M SEGIN TREASURER - EVP/CFO 0.18
Officer
$0 $40,915 $1,216,683
LAUREN ROWINSKI SECRETARY - SVP & CHIEF LEGAL OFFICER 0.18
Officer
$0 $40,884 $832,562
HAFEZA SHAIKH DOSTART 32222 TRUSTEE - PHYSICIAN 0.12
Director
$0 $53,560 $699,982
LISA C FERRARO SVP-CHIEF QUALITY SAFETY RISK OFFICER 0.50
Key Emp
$0 $35,943 $474,253
DENISE MARIE REDMOND ASSISTANT ADMINISTRATOR LTC 40.00
Highest
$129,271 $18,328 $147,599
CHRISTINE GERBER CODER - PHYSICIAN PRACTICE 37.00
Highest
$154,656 $13,963 $173,248
LISA LONG END 9822 INFECTION PREVENTION MANAGER 29.00
Highest
$104,620 $35,356 $173,571
EDWARD B CLOUES CHAIRMAN 0.16
Officer Director
$0 $0 $0
JAMES DWYER DO VICE CHAIR 0.14
Officer Director
$0 $0 $0
PATRICIA CODEY TRUSTEE 0.12
Director
$0 $0 $0
ELAINE DAMM TRUSTEE 0.12
Director
$0 $0 $0
LESLIE DONATO START 51122 TRUSTEE 0.11
Director
$0 $0 $0
GRAYLING JOHNSON TRUSTEE 0.13
Director
$0 $0 $0
SANIAH JOHNSON TRUSTEE 0.12
Director
$0 $0 $0
PRATAP KHEDKAR TRUSTEE 0.12
Director
$0 $0 $0
DAVID KINDLICK TRUSTEE 0.14
Director
$0 $0 $0
GEORGE LYNN TRUSTEE 0.14
Director
$0 $0 $0
FAYE MELOY TRUSTEE 0.14
Director
$0 $0 $0
SHAHRAM JAY MIRMANESH MD TRUSTEE (START 1/1/22) 0.12
Director
$0 $0 $0
JOHN PARKER TRUSTEE 0.19
Director
$0 $0 $0
ADOLFO PIPERNO START 1122 TRUSTEE 0.13
Director
$0 $0 $0
STACY ROBINSON TRUSTEE 0.13
Director
$0 $0 $0
MARVIN SAMSON TRUSTEE 0.13
Director
$0 $0 $0
ROY SCHUBERT MD TRUSTEE 0.12
Director
$0 $0 $0
CHARLES VILA TRUSTEE 0.15
Director
$0 $0 $0
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
2022 $20,457,136 $5,682,512 $2,415 $14,774,624
2021 $9,495,012 $14,992,418 $7,424,468 $-5,497,406
2020 $12,483,406 $14,385,675 $8,476,940 $-1,902,269
2019 $15,686,158 $16,198,133 $8,663,903 $-511,975
2018 $14,094,713 $15,431,648 $9,467,280 $-1,336,935
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