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VALLEY HOSPITAL INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
VALLEY HOSPITAL INC (EIN 22-1487307)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-12
IRS object ID
202313169349300881
Schema version
2022v5.0
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

FieldValueIRS element (for citing)
Return2023-11-12T21:55:09-06:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN873231666PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES ADVISORY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1300 TICE BOULEVARD SUITE 315AddressLine1Txt
CityWOODCLIFF LAKECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07677ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN221487307EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE VALLEY HOSPITAL INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVALLBusinessNameControlTxt
Phone2014478000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1223 NORTH VAN DIEN AVENUEAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM KLUTKOWSKIPersonNm
Person TitleSENIOR VP AND CFOPersonTitleTxt
Phone2014478000PhoneNum
Signature2023-11-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstWILLIAMPersonFirstNm
Person LastKLUTKOWSKIPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEDWARD G O'CONNORPreparerPersonNm
PTINP00434443PTIN
Phone2017129800PhoneNum
Preparation2023-11-09PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerAUDREY MEYERSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1223 NORTH VAN DIEN AVENUEAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,427,310,297GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.VALLEYHEALTH.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1925FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionTHE VALLEY HOSPITAL SERVES THE COMMUNITY BY HEALING AND CARING FOR PATIENTS, COMFORTING THEIR FAMILIES AND TEACHING GOOD HEALTH.ActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent18VotingMembersIndependentCnt
Total Employee4397TotalEmployeeCnt
Total Volunteers900TotalVolunteersCnt
Total Gross UBI$6,213,572TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$48,649,420PYContributionsGrantsAmt
CY Contributions Grants$37,470,370CYContributionsGrantsAmt
PY Program Service Revenue$894,617,449PYProgramServiceRevenueAmt
CY Program Service Revenue$982,682,908CYProgramServiceRevenueAmt
PY Investment Income$30,738,761PYInvestmentIncomeAmt
CY Investment Income$16,868,807CYInvestmentIncomeAmt
PY Other Revenue$26,523,473PYOtherRevenueAmt
CY Other Revenue$22,724,416CYOtherRevenueAmt
PY Total Revenue$1,000,529,103PYTotalRevenueAmt
CY Total Revenue$1,059,746,501CYTotalRevenueAmt
PY Grants And Similar Paid$89,176,604PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$96,877,491CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$344,729,669PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$370,759,601CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$421,953,657PYOtherExpensesAmt
CY Other Expenses$470,665,655CYOtherExpensesAmt
PY Total Expenses$855,859,930PYTotalExpensesAmt
CY Total Expenses$938,302,747CYTotalExpensesAmt
PY Revenues Less Expenses$144,669,173PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$121,443,754CYRevenuesLessExpensesAmt
Total Assets BOY$2,214,086,950TotalAssetsBOYAmt
Total Assets EOY$2,192,208,083TotalAssetsEOYAmt
Total Liabilities BOY$761,951,049TotalLiabilitiesBOYAmt
Total Liabilities EOY$720,677,990TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,452,135,901NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,471,530,093NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE VALLEY HOSPITAL SERVES THE COMMUNITY BY HEALING AND CARING FOR PATIENTS, COMFORTING THEIR FAMILIES AND TEACHING GOOD HEALTH. THE VALLEY HOSPITAL IS DISTINGUISHED BY A COMMITMENT TO EXCELLENCE IN CLINICAL CARE, INNOVATION IN PROGRAMS AND TECHNOLOGY, AND PROVIDING A COMPASSIONATE AND RESPECTFUL ENVIRONMENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$727,683,338ExpenseAmt
Grant$96,877,491GrantAmt
Revenue$983,101,933RevenueAmt
DescTHE VALLEY HOSPITAL IN RIDGEWOOD, NEW JERSEY IS A FULLY ACCREDITED, ACUTE CARE, NOT-FOR-PROFIT HOSPITAL SERVING MORE THAN 460,000 PEOPLE IN 34 TOWNS IN BERGEN COUNTY AND ADJOINING COMMUNITIES. THE VALLEY HOSPITAL IS PART OF VALLEY HEALTH SYSTEM, A REGIONAL HEALTHCARE SYSTEM THAT SERVES RESIDENTS IN NORTHERN NEW JERSEY AND SOUTHERN NEW YORK. IT COMPRISES THE VALLEY HOSPITAL, VALLEY HOME CARE, AND VALLEY MEDICAL GROUP. AS A NOT-FOR-PROFIT HOSPITAL, VALLEY IS COMMITTED TO GIVING BACK TO THE COMMUNITY. VALLEY SERVES THE COMMUNITY BY PROVIDING THOUSANDS OF HOURS OF HEALTHCARE EDUCATION AND SCREENINGS, SUPPORT GROUPS AND CLASSES TO ASSIST THOSE IN NEED, AND CARE TO ALL THOSE WHO COME THROUGH OUR DOORS, REGARDLESS OF THEIR ABILITY TO PAY. VALLEY'S CURRENT LICENSED CAPACITY IS 431 BEDS. BERGEN COUNTY IS THE MOST POPULOUS COUNTY IN NEW JERSEY AND ONE OF THE WEALTHIEST COUNTIES IN THE UNITED STATES. THERE ARE 952,997 RESIDENTS IN THE 233.01 SQUARE MILES OF BERGEN COUNTY, NJ. THE POPULATION IS 52.7% WHITE AND NON-HISPANIC, 22.7% HISPANIC, 7.8% BLACK, AND 17.6% ASIAN. THE MEDIAN HOUSEHOLD INCOME IS $109,497. RESIDENTS ARE GENERALLY WELL-EDUCATED AND HAVE HIGHER GRADUATION RATES THAN NJ AS A WHOLE AND THE U.S. AS A WHOLE. THE VALLEY HOSPITAL EMPLOYS PEOPLE WHO REPRESENT AND LIVE IN THE COMMUNITIES WE SERVE. MORE THAN 3,600 EMPLOYEES CONSTITUTE THE VALLEY HOSPITAL.IN 2022, 52,081 INDIVIDUALS WERE ADMITTED TO VALLEY, 69,751 PEOPLE WERE TREATED IN THE EMERGENCY DEPARTMENT, AND A RECORD-BREAKING 4,049 BABIES WERE BORN. IN ADDITION TO ITS "CENTERS OF EXCELLENCE" IN CARDIAC/HEART FAILURE, DIABETES, ONCOLOGY, PULMONARY, GERIATRICS, TOTAL JOINT, AND NEUROVASCULAR, VALLEY ALSO OFFERS THE SERVICES OF A COMPREHENSIVE CANCER CENTER, CENTER FOR CHILDBIRTH, CENTER FOR MINIMALLY INVASIVE AND ROBOTIC SURGERY, A TOTAL JOINT REPLACEMENT CENTER, A NEUROSCIENCE CENTER, A CENTER FOR METABOLIC SURGERY AND WEIGHT-LOSS MANAGEMENT, A CENTER FOR SLEEP MEDICINE, THE GAMMA KNIFE CENTER, AND THE KIREKER CENTER FOR CHILD DEVELOPMENT, AMONG OTHERS. THE VALLEY HOSPITAL EMERGENCY DEPARTMENT (ED) HAS BEEN SELECTED AS A RECIPIENT OF THE PRESTIGIOUS LANTERN AWARD FROM THE EMERGENCY NURSES ASSOCIATION. VALLEY IS ONE OF ONLY 29 HOSPITALS NATIONWIDE, AND THE ONLY HOSPITAL IN BERGEN COUNTY, TO EARN THIS AWARD FOR 2022 AND IS THE FIRST AND ONLY HOSPITAL IN BERGEN COUNTY TO RECEIVE THIS RECOGNITION SINCE THE PROGRAM'S INCEPTION IN 2011. RECIPIENTS OF THE LANTERN AWARD DEMONSTRATE EXCEPTIONAL AND INNOVATIVE PERFORMANCE IN LEADERSHIP, PRACTICE, EDUCATION, ADVOCACY, AND RESEARCH. THE AWARD SHOWCASES VALLEY'S ACCOMPLISHMENTS IN INCORPORATING EVIDENCE-BASED PRACTICE INTO EMERGENCY CARE AND IS A SYMBOL OF OUR COMMITMENT TO QUALITY, SAFETY, AND A HEALTHY WORK ENVIRONMENT. THE VALLEY HOSPITAL HAS EARNED EXEMPLAR RECOGNITION FROM NURSES IMPROVING CARE FOR HEALTHSYSTEM ELDERS (NICHE). THIS DISTINCTION THE HIGHEST AVAILABLE FROM NICHE IS GIVEN TO HEALTHCARE ORGANIZATIONS THAT IMPLEMENT SUCCESSFUL, SYSTEM-WIDE INTERVENTIONS AND INITIATIVES FOCUSING ON THE CARE OF OLDER ADULTS. EXEMPLAR RECOGNITION IS A REFLECTION OF VALLEY'S COMMITMENT TO PROVIDING OLDER ADULTS WITH THE HIGHEST-QUALITY HEALTHCARE SERVICES. THE VALLEY HOSPITAL HAS ALSO RECEIVED THE 2022 TRAILBLAZER AWARD FROM NURSES IMPROVING CARE FOR HEALTHSYSTEM ELDERS (NICHE) AND THE ABIM FOUNDATION. THE AWARD RECOGNIZES CLINICAL TEAMS FOR THEIR EFFORTS TO IMPROVE THE QUALITY OF CARE FOR OLDER ADULTS EFFORTS THAT REDUCE UNNECESSARY TESTS AND TREATMENTS, PRIORITIZE PATIENT SAFETY, AND IMPROVE CARE COORDINATION. WITH ITS MOVE 2 IMPROVE PROGRAM, VALLEY IS INDEED A TRAILBLAZER IN ELDER CARE, USING AN INTERDISCIPLINARY APPROACH, BEST PRACTICES, AND CLINICAL EVIDENCE TO KEEP PATIENTS MOVING, SAFE, AND INDEPENDENT.VALLEY HEALTH PRIMETIME WAS CREATED TO HELP OLDER ADULTS STAY HEALTHY BY TEACHING THEM GOOD HEALTH AND PROVIDING OPPORTUNITIES TO REMAIN SOCIALLY ACTIVE. IN 2022, VALLEY HEALTH PRIMETIME OFFERED 33 FREE, VIRTUAL PROGRAMS TO 1,397 OLDER ADULTS. EACH YEAR, VALLEY DINING PREPARES OVER 23,000 MEALS FOR COMMUNITY MEALS, INC., AND FINANCIAL RESOURCES TO SUPPORT HOMEBOUND OLDER ADULTS IN VALLEY'S SERVICE AREA.VALLEY'S COMMUNITY CARE CLINIC HAD 5,018 VISITS IN 2022. THEY PROVIDE CARE AT NO COST TO THE PATIENTS WHO QUALIFY IN 16 (MEDICAL, NEUROLOGY, GI, GENERAL SURGERY, BREAST SURGERY, RHEUMATOLOGY, OPHTHALMOLOGY, GYN, OB, PEDIATRICS, PULMONARY, CARDIOLOGY, PAIN, DERMATOLOGY, ORTHOPEDICS, AND UROLOGY) SPECIALTY CLINICS. THEY CONTINUE TO PROVIDE CARE TO CHILDREN IN FOSTER CARE IN BERGEN AND PASSAIC COUNTIES THAT REQUIRE COMPLEX MEDICAL AND SUBSPECIALTY CARE. THE VALLEY HOSPITAL HAS ONCE AGAIN BEEN AWARDED THE LGBTQ+ HEALTHCARE EQUALITY LEADER DESIGNATION BY THE HUMAN RIGHTS CAMPAIGN (HRC) FOUNDATION, EARNING A TOP SCORE FOR ITS LGBTQ-INCLUSIVE POLICIES AND PRACTICES. THE HEALTHCARE EQUALITY INDEX STRIVES TO ENSURE LGBTQ+ PEOPLE ARE PROTECTED AND AFFIRMED BY THEIR HEALTHCARE PROVIDERS AND FEEL SAFE SEEKING SERVICES. HEI ACTIVE PARTICIPANTS ARE RECOGNIZED FOR IMPLEMENTING ROBUST, COMPREHENSIVE LGBTQ+ INCLUSIVE POLICIES THAT HOPEFULLY, BECAUSE OF THEIR WORK, BECOME STANDARD PRACTICE. VALLEY WORKS WITH LOCAL PARTNERS TO PROMOTE INCLUSIVITY AND EQUALITY. 135 COMMUNITY MEMBERS ATTENDED EDUCATION PROGRAMS ON TRANSGENDER HEALTH AND A LOCAL PRIDE CELEBRATION, WHERE VALLEY WAS A SPONSOR.VALLEY'S SOCIAL EQUALITY COUNCIL IS DEVELOPING INITIATIVES AND PROGRAMS THAT ENCOURAGE SAFETY AND EQUAL ACCESS TO ALL OPPORTUNITIES, SO THAT EVERYONE CAN LEAD A HEALTHY AND FULFILLED LIFE, REGARDLESS OF AN INDIVIDUAL'S BACKGROUND, ETHNICITY, OR RACE. BY COLLABORATING WITH AREA ORGANIZATIONS, VALLEY IS ABLE TO WORK WITH UNDERSERVED POPULATIONS TO HELP MEET THE ACCESS TO CARE NEEDS AND CONNECT INDIVIDUALS TO RESOURCES. OVER 1,162 EMPLOYEES ATTENDED A "WHAT CAUSES INEQUALITY?" TRAINING CLASS. HAVING ALL EMPLOYEES PARTICIPATE IN THIS TRAINING IS A MEANINGFUL COMPONENT OF THE STEPS VALLEY IS TAKING TO CREATE AN ENVIRONMENT WHERE EMPLOYEES FEEL SAFE AND RESPECTED FOR WHO THEY ARE, AND TO IMPROVE OUR STAFF'S UNDERSTANDING OF ISSUES RELATED TO RACE AND EQUALITY. VALLEY ALSO CONTINUES OUR COMMITMENT TO COMBAT SOCIAL INJUSTICE BY DIVERSIFYING OUR SUPPLIER NETWORK.VALLEY PARTNERED WITH BERGEN COMMUNITY COLLEGE TO CELEBRATE BLACK HISTORY MONTH WITH TWO PROGRAMS THAT ENCOURAGE SAFETY AND EQUAL ACCESS TO ALL. PATHWAYS, PIPELINES, PREPARATION, AND PARTICIPATION IN STEM FEATURED A PANEL OF EXPERTS DISCUSSING THE IMPORTANCE OF PEOPLE OF COLOR IN HEALTH AND STEM CAREERS. EXPLORING BETTER HEALTH IN THE BLACK COMMUNITY ADDRESSED HEALTH DISPARITIES IN THE BIPOC COMMUNITY. OTHER HEALTH PROGRAMS INCLUDED SINGLE MOTHER BY CHOICE AND HYPERTENSION AND KIDNEY DISEASE IN THE BLACK POPULATION. VALLEY PARTICIPATED IN THREE HEALTHCARE CAREER EXHIBITIONS CALLED "WHO MAKES UP A HOSPITAL? AND TWO FIRST RESPONDER EVENTS AT THE BOYS & GIRLS CLUBS OF PATERSON AND PASSAIC AND THE PATERSON STEAM HIGH SCHOOL. ADDITIONALLY, VALLEY PHYSICIANS WERE INVITED TO JERSEY CITY PUBLIC SCHOOLS TO DISCUSS DIFFERENT HEALTHCARE CAREERS AND CAREER PATHS.THE RIDGEWOOD ACADEMY FOR HEALTH PROFESSIONS (RAHP) IS A PARTNERSHIP BETWEEN VALLEY, RIDGEWOOD HIGH SCHOOL, AND BERGEN COMMUNITY COLLEGE. THIS THREE-YEAR PROGRAM BEGAN IN 2005 AND HAS GRADUATED OVER 500 STUDENTS INTERESTED IN PURSUING CAREERS IN HEALTHCARE. DURING THE STUDENT'S FIRST YEAR, TERMED THEIR "EXPLORATION YEAR," STUDENTS VISIT THREE FULL-DAY SESSIONS LEARNING ABOUT DIFFERENT DEPARTMENTS IN THE HEALTHCARE SETTING. THE SECOND YEAR CONCENTRATES ON AREAS OF INTEREST THE STUDENTS WOULD LIKE TO FURTHER INVESTIGATE. DURING THE STUDENT'S THIRD YEAR, TERMED THEIR "MENTORSHIP YEAR," STUDENTS CHOOSE ONE HEALTH-RELATED ISSUE TO EXPLORE UNDER THE GUIDANCE OF A MENTOR AND PREPARE A CAPSTONE PROJECT. VALLEY HAS ALREADY HIRED THREE NURSES, TWO SOCIAL WORKERS, AN IMAGING TECH, AND AN ADMINISTRATOR WHO ARE ALL GRADUATES OF RAHP.COMMUNITY EDUCATION CLASSES WERE ORIGINALLY DESIGNED AS IN-PERSON SESSIONS, BUT WHEN THE PANDEMIC HIT, THE COMMUNITY HEALTH DEPARTMENT TRANSITIONED TO OFFERING CLASSES VIRTUALLY. OVER 15,256 PEOPLE PARTICIPATED IN LIVE, FREE EDUCATION PROGRAMS IN PERSON AND VIRTUALLY IN 2022. AN ADDITIONAL 68,898 PEOPLE PARTICIPATED IN RECORDED VERSIONS ON VALLEY'S WEBSITE IN 2022. VALLEY LAUNCHED "CONVERSATIONS LIKE NO OTHER" AUDIO PODCAST THAT GOES BEYOND THE CONVENTIONAL AND EVERYDAY HEALTH TOPICS TO GO DEEPER INTO THE PERSONAL ISSUES FACING MEN, WOMEN, AND CHILDREN OF ALL AGES. IN 2022, OVER 630 PEOPLE LISTENED TO THE VARIETY OF EPISODES.LIFESTYLES, OUR WORLD-CLASS HEALTH AND FITNESS CENTER, FEATURES THREE POOLS AND THE LATEST STRENGTH AND CARDIO EQUIPMENT. THE TEAM OF HIGHLY EXPERIENCED AND DEGREED HEALTH PROFESSIONALS DESIGN PROGRAMMING TO MEET THE WELLNESS NEEDS OF PEOPLE OF ALL AGES.VALLEY HEALTH LIFESTYLES HOSTED A "NOBODY FIGHTS ALONE" FUNDRAISER TO FIGHT AGAINST BREAST CANCER AND HONOR FORMER EMPLOYEE AND FRIEND, CHRISSY FLATT.Desc
Total Program Service Expenses$727,683,338TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate HospitalYes (1)OperateHospitalInd
Audited Financial Stmt AttYes (1)AuditedFinancialStmtAttInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document232IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee4397EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member18IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WILLIAM KLUTKOWSKIBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2014478000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1223 NORTH VAN DIEN AVENUEAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
AUDREY MEYERS
PRESIDENT & CEO, VHS0.5039.50Yes (X)Yes (X)$0$3,974,039$49,572
VINCENT FORLENZA
CHAIR0.100.40Yes (X)Yes (X)$0$0$0
KEVIN LOBO
VICE CHAIR0.100.40Yes (X)Yes (X)$0$0$0
FRANK J SHEEHY
VICE CHAIR0.100.40Yes (X)Yes (X)$0$0$0
ANN LIMBERG
VICE CHAIR & SECRETARY0.100.40Yes (X)Yes (X)$0$0$0
JOSEPH MARION
TREASURER0.100.40Yes (X)Yes (X)$0$0$0
JUDY BASELICE
TRUSTEE0.100.40Yes (X)$0$0$0
JAMES BUSH
TRUSTEE0.100.40Yes (X)$0$0$0
MICHELLE HASSON
TRUSTEE0.100.40Yes (X)$0$0$0
M SHAWN KENNEDY
TRUSTEE0.100.40Yes (X)$0$0$0
BRUCE MACTAS
TRUSTEE0.100.40Yes (X)$0$0$0
DUANE SACHS
TRUSTEE0.100.40Yes (X)$0$0$0
DENIS SALAMONE
TRUSTEE0.100.40Yes (X)$0$0$0
SCOTT SCHROEDER
TRUSTEE0.100.40Yes (X)$0$0$0
EDWARD B SELF MD
TRUSTEE0.100.40Yes (X)$0$0$0
STEVEN SILVERSTEIN
TRUSTEE0.100.40Yes (X)$0$0$0
JEFFREY TUCKER
TRUSTEE0.100.40Yes (X)$0$0$0
PATRICIA VERDUIN
TRUSTEE0.100.40Yes (X)$0$0$0
WAYNE WALD ESQ
TRUSTEE0.100.40Yes (X)$0$0$0
WILLIAM KLUTKOWSKI
SR. VP, FINANCE & CFO2.0038.00Yes (X)$0$1,016,955$57,305
CHARLES VANNOY
VP/CNO, PATIENT CARE SVCS40.000.00$472,084$0$46,772Yes (X)
KARTEEK BHAVSAR
SR. VP, OPERATIONS & BUSINESS DEVELOPMENT40.000.00$622,758$0$22,546Yes (X)
JOSEPH YALLOWITZ
VP & CHIEF MEDICAL OFFICER40.000.00$798,929$0$50,922Yes (X)
DAVID BOHAN
VP & CHIEF DEVELOPMENT OFFICER40.000.00$582,103$0$39,668Yes (X)
BRAD HASPEL
VP, ANCILLARY SERVICES40.000.00$374,910$0$27,858Yes (X)
BETTYANN KEMPIN
VP, ADMINISTRATION40.000.00$346,631$0$49,392Yes (X)
JULIE LO
CHIEF PHYSICIST40.000.00$319,938$0$40,200Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$3,517,353TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$4,990,994TotReportableCompRltdOrgAmt
Total Other Compensation$384,235TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K794IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
TORCON INC
328 NEWMAN SPRINGS ROADRED BANKNJ07701GENERAL CONTRACTOR$19,602,091
VAYA WORKFORCE SOLUTIONS LLC
5930 CORNERSTONE COURT WEST SUITESAN DIEGOCA92121TEMPORARY STAFFING$16,543,144
PANGAIA PARTNERS LLC
EAST 80 ROUTE 4 SUITE 110PARAMUSNJ07652IT INFRASTRUCTURE SOLUTIONS$13,926,340
HDR ARCHITECTURE
1917 SOUTH 67TH STREETOMAHANE68106ARCHITECTURAL SERVICES$2,914,073
MAYO COLLABORATIVE SERVICES INC
PO BOX 9146MINNEAPOLISPA55480LABORATORY SERVICES$2,130,214
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K141CntrctRcvdGreaterThan100KCnt
Related Organizations$35,480,451RelatedOrganizationsAmt
Government Grants$1,933,601GovernmentGrantsAmt
All Other Contributions$56,318AllOtherContributionsAmt
Total Contributions$37,470,370TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PATIENT SERVICE REVENU621990$979,635,034$979,635,034
HEALTH AND WELLNESS CE713940$3,047,874$3,047,874
FieldValueIRS element (for citing)
Total Program Service Revenue$982,682,908TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,312,051TotalRevenueColumnAmt
Exclusion$14,312,051ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$563,717TotalRevenueColumnAmt
Exclusion$563,717ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$9,094,409RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$6,477,651RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$2,616,758RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,616,758TotalRevenueColumnAmt
Exclusion$2,616,758ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$363,044,494SecuritiesAmt
Other$34,690OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$361,086,145SecuritiesAmt
Other$0OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,958,349SecuritiesAmt
Other$34,690OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,993,039TotalRevenueColumnAmt
Exclusion$1,993,039ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtExclusionExclusionAmt
PHARMACY621990$10,223,929$4,068,785$6,155,144
PURCHASE DISCOUNTS AND900099$4,981,452$4,981,452
NON-PATIENT LABORATORY541380$2,144,787$2,144,787

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,757,490TotalRevenueColumnAmt
Related Or Exempt Func Income$419,025RelatedOrExemptFuncIncomeAmt
Exclusion$2,338,465ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$20,107,658OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,059,746,501TotalRevenueColumnAmt
Related Or Exempt Func Income$983,101,933RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$6,213,572UnrelatedBusinessRevenueAmt
Exclusion$32,960,626ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$96,877,491TotalAmt
Program Services$96,877,491ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,164,160TotalAmt
Program Services$938,968ProgramServicesAmt
Management And General$225,192ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$312,942,562TotalAmt
Program Services$252,407,167ProgramServicesAmt
Management And General$60,535,395ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$12,133,447TotalAmt
Program Services$9,786,838ProgramServicesAmt
Management And General$2,346,609ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$23,287,163TotalAmt
Program Services$18,783,426ProgramServicesAmt
Management And General$4,503,737ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$21,232,269TotalAmt
Program Services$17,125,948ProgramServicesAmt
Management And General$4,106,321ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,060,551TotalAmt
Program Services$286,766ProgramServicesAmt
Management And General$2,773,785ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$212,318TotalAmt
Management And General$212,318ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$72,829,743TotalAmt
Program Services$65,030,413ProgramServicesAmt
Management And General$7,799,330ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$164,167TotalAmt
Program Services$164,167ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,054,794TotalAmt
Program Services$3,305,251ProgramServicesAmt
Management And General$1,749,543ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$27,450,116TotalAmt
Program Services$8,335,754ProgramServicesAmt
Management And General$19,114,362ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$480,465TotalAmt
Program Services$339,963ProgramServicesAmt
Management And General$140,502ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$3,106,825TotalAmt
Program Services$3,017,944ProgramServicesAmt
Management And General$88,881ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,641,205TotalAmt
Program Services$3,641,205ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$60,467,102TotalAmt
Program Services$60,467,102ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
SUPPLIES$134,134,986$31,565,640$102,569,346
DRUGS$100,429,320$100,429,320$0
PROVISION FOR BAD DEBT$29,959,601$29,959,601
EQUIPMENT RENTAL$23,686,352$19,232,264$4,454,088

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$5,988,110TotalAmt
Program Services$5,988,110ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$938,302,747TotalAmt
Program Services$727,683,338ProgramServicesAmt
Management And General$210,619,409ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$7,610,097BOYAmt
EOY$5,957,584EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$88,830,870BOYAmt
EOY$96,646,472EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$22,592,263BOYAmt
EOY$23,283,646EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$6,595,119BOYAmt
EOY$8,858,083EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,829,243,079LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$912,670,985LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$675,076,013BOYAmt
EOY$916,572,094EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,253,327,843BOYAmt
EOY$997,147,668EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$160,054,745BOYAmt
EOY$143,742,536EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,214,086,950BOYAmt
EOY$2,192,208,083EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$215,615,034BOYAmt
EOY$191,606,849EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$369,518,483BOYAmt
EOY$354,390,867EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$58,410,905BOYAmt
EOY$60,857,448EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$118,406,627BOYAmt
EOY$113,822,826EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$761,951,049BOYAmt
EOY$720,677,990EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,445,449,460BOYAmt
EOY$1,464,806,994EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,686,441BOYAmt
EOY$6,723,099EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,452,135,901BOYAmt
EOY$1,471,530,093EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,214,086,950BOYAmt
EOY$2,192,208,083EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$121,443,754ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$95,467,605NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$6,581,957OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
HospitalYes (X)HospitalInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$92,685,923OtherCostOrOtherBasisAmt
Book Value$92,685,923BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$645,114,626OtherCostOrOtherBasisAmt
Depreciation$464,964,860DepreciationAmt
Book Value$180,149,766BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$514,737,690OtherCostOrOtherBasisAmt
Depreciation$446,559,660DepreciationAmt
Book Value$68,178,030BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$576,704,840OtherCostOrOtherBasisAmt
Depreciation$1,146,465DepreciationAmt
Book Value$575,558,375BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$916,572,094TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
ASSETS HELD BY RELATED ORGANIZATION$30,229,868
DEFERRED FINANCING COSTS AND OTHER ASSETS$113,512,668
FieldValueIRS element (for citing)
Total Book Value Other Assets$143,742,536TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
ACCRUED BOND INTEREST PAYABLE$6,830,995
AMOUNT DUE TO THIRD PARTY PAYERS AND OTHER LIABILITIES$71,064,403
ESTIMATED PROFESSIONAL MEDICAL LIABILITY$35,927,428
FieldValueIRS element (for citing)
Total Liability$113,822,826TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$935,722,207TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$95,467,605NetUnrealizedGainsInvstAmt
Other Revenue$1,437,602OtherRevenueAmt
Revenue Not Reported-$94,030,003RevenueNotReportedAmt
Revenue Subtotal$1,029,752,210RevenueSubtotalAmt
Other Revenues Not Included$29,994,291OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$29,994,291RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,059,746,501TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$909,746,058TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$1,437,602OtherExpensesIncludedAmt
Expenses Not Reported$1,437,602ExpensesNotReportedAmt
Expenses Subtotal$908,308,456ExpensesSubtotalAmt
Other Expenses Not Included$29,994,291OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$29,994,291ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$938,302,747TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2022 OR 2021.
PART XI, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 1,437,602.
PART XI, LINE 4B - OTHER ADJUSTMENTS:PROVISION FOR BAD DEBT 29,959,601. RECLASS OF GAIN ON DISPOSITION OF ASSETS TO PART VIII 34,690.
PART XII, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 1,437,602.
PART XII, LINE 4B - OTHER ADJUSTMENTS:PROVISION FOR BAD DEBT 29,959,601. RECLASS OF GAIN ON DISPOSITION OF ASSETS TO PART VIII 34,690.

Schedule H IRS990ScheduleH

FieldValueIRS element (for citing)
Financial Assistance PolicyYes (1)FinancialAssistancePolicyInd
Written PolicyYes (1)WrittenPolicyInd
All Hospitals PolicyYes (X)AllHospitalsPolicyInd
FPG Reference Free CareYes (1)FPGReferenceFreeCareInd
Percent200Yes (X)Percent200Ind
FPG Reference Discounted CareYes (1)FPGReferenceDiscountedCareInd

Discounted Care Oth Percentage DiscountedCareOthPercentageGrp

FieldValueIRS element (for citing)
OtherYes (X)OtherInd
Discounted Care Other500.000000000000DiscountedCareOtherPct
FieldValueIRS element (for citing)
Free Care Medically IndigentYes (1)FreeCareMedicallyIndigentInd
Financial Assistance BudgetYes (1)FinancialAssistanceBudgetInd
Expenses Exceed Budget0ExpensesExceedBudgetInd
Annual Community Bnft ReportYes (1)AnnualCommunityBnftReportInd
Report Publically AvailableYes (1)ReportPublicallyAvailableInd

Financial Assistance At Cost Typ FinancialAssistanceAtCostTyp

FieldValueIRS element (for citing)
Total Community Benefit Expns$11,041,513TotalCommunityBenefitExpnsAmt
Direct Offsetting Revenue$666,627DirectOffsettingRevenueAmt
Net Community Benefit Expns$10,374,886NetCommunityBenefitExpnsAmt
Total Expense0.01110TotalExpensePct

Unreimbursed Medicaid UnreimbursedMedicaidGrp

FieldValueIRS element (for citing)
Total Community Benefit Expns$30,281,611TotalCommunityBenefitExpnsAmt
Direct Offsetting Revenue$22,063,444DirectOffsettingRevenueAmt
Net Community Benefit Expns$8,218,167NetCommunityBenefitExpnsAmt
Total Expense0.00880TotalExpensePct

Total Financial Assistance Typ TotalFinancialAssistanceTyp

FieldValueIRS element (for citing)
Total Community Benefit Expns$41,323,124TotalCommunityBenefitExpnsAmt
Direct Offsetting Revenue$22,730,071DirectOffsettingRevenueAmt
Net Community Benefit Expns$18,593,053NetCommunityBenefitExpnsAmt
Total Expense0.01990TotalExpensePct

Community Health Services CommunityHealthServicesGrp

FieldValueIRS element (for citing)
Total Community Benefit Expns$3,637,712TotalCommunityBenefitExpnsAmt
Direct Offsetting Revenue$32,178DirectOffsettingRevenueAmt
Net Community Benefit Expns$3,605,534NetCommunityBenefitExpnsAmt
Total Expense0.00380TotalExpensePct

Health Professions Education HealthProfessionsEducationGrp

FieldValueIRS element (for citing)
Total Community Benefit Expns$2,283,901TotalCommunityBenefitExpnsAmt
Net Community Benefit Expns$2,283,901NetCommunityBenefitExpnsAmt
Total Expense0.00240TotalExpensePct

Subsidized Health Services SubsidizedHealthServicesGrp

FieldValueIRS element (for citing)
Total Community Benefit Expns$2,691,325TotalCommunityBenefitExpnsAmt
Net Community Benefit Expns$2,691,325NetCommunityBenefitExpnsAmt
Total Expense0.00290TotalExpensePct

Research ResearchGrp

FieldValueIRS element (for citing)
Total Community Benefit Expns$2,945,699TotalCommunityBenefitExpnsAmt
Net Community Benefit Expns$2,945,699NetCommunityBenefitExpnsAmt
Total Expense0.00310TotalExpensePct

Cash And In Kind Contributions CashAndInKindContributionsGrp

FieldValueIRS element (for citing)
Total Community Benefit Expns$443,239TotalCommunityBenefitExpnsAmt
Direct Offsetting Revenue$3,005DirectOffsettingRevenueAmt
Net Community Benefit Expns$440,234NetCommunityBenefitExpnsAmt
Total Expense0.00050TotalExpensePct

Total Other Benefits TotalOtherBenefitsGrp

FieldValueIRS element (for citing)
Total Community Benefit Expns$12,001,876TotalCommunityBenefitExpnsAmt
Direct Offsetting Revenue$35,183DirectOffsettingRevenueAmt
Net Community Benefit Expns$11,966,693NetCommunityBenefitExpnsAmt
Total Expense0.01270TotalExpensePct

Total Community Benefits TotalCommunityBenefitsGrp

FieldValueIRS element (for citing)
Total Community Benefit Expns$53,325,000TotalCommunityBenefitExpnsAmt
Direct Offsetting Revenue$22,765,254DirectOffsettingRevenueAmt
Net Community Benefit Expns$30,559,746NetCommunityBenefitExpnsAmt
Total Expense0.03260TotalExpensePct

Community Support CommunitySupportGrp

FieldValueIRS element (for citing)
Total Community Benefit Expns$251,066TotalCommunityBenefitExpnsAmt
Direct Offsetting Revenue$86,131DirectOffsettingRevenueAmt
Net Community Benefit Expns$164,935NetCommunityBenefitExpnsAmt
Total Expense0.00020TotalExpensePct

Environmental Improvements EnvironmentalImprovementsGrp

FieldValueIRS element (for citing)
Total Community Benefit Expns$38,680TotalCommunityBenefitExpnsAmt
Net Community Benefit Expns$38,680NetCommunityBenefitExpnsAmt
Total Expense0.00000TotalExpensePct

Workforce Development WorkforceDevelopmentGrp

FieldValueIRS element (for citing)
Total Community Benefit Expns$166,968TotalCommunityBenefitExpnsAmt
Net Community Benefit Expns$166,968NetCommunityBenefitExpnsAmt
Total Expense0.00020TotalExpensePct

Total Communtity Building Acty TotalCommuntityBuildingActyGrp

FieldValueIRS element (for citing)
Total Community Benefit Expns$456,714TotalCommunityBenefitExpnsAmt
Direct Offsetting Revenue$86,131DirectOffsettingRevenueAmt
Net Community Benefit Expns$370,583NetCommunityBenefitExpnsAmt
Total Expense0.00040TotalExpensePct
FieldValueIRS element (for citing)
Bad Debt Expense Reported0BadDebtExpenseReportedInd
Bad Debt Expense$29,959,601BadDebtExpenseAmt
Bad Debt Expense Attributable$12,882,629BadDebtExpenseAttributableAmt
Reimbursed By Medicare$291,144,835ReimbursedByMedicareAmt
Cost Of Care Reimbursed By Medcr$377,845,515CostOfCareReimbursedByMedcrAmt
Medicare Surplus Or Shortfall-$86,700,680MedicareSurplusOrShortfallAmt

Costing Methodology Used CostingMethodologyUsedGrp

FieldValueIRS element (for citing)
Cost To Charge RatioYes (X)CostToChargeRatioInd
FieldValueIRS element (for citing)
Written Debt Collection PolicyYes (1)WrittenDebtCollectionPolicyInd
Financial Assistance PrvsnYes (1)FinancialAssistancePrvsnInd
Hospital Facilities1HospitalFacilitiesCnt

Hospital Facilities HospitalFacilitiesGrp

FieldValueIRS element (for citing)
Facility1FacilityNum

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE VALLEY HOSPITALBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1223 NORTH VAN DIEN AVENUEAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd
FieldValueIRS element (for citing)
Licensed HospitalYes (X)LicensedHospitalInd

Hospital Fclty Policies Prctc HospitalFcltyPoliciesPrctcGrp (2 entries)

FacilityFacilityNumFirst Licensed CY Or PYFirstLicensedCYOrPYIndTax Exempt Hospital CY Or PYTaxExemptHospitalCYOrPYIndCHNA ConductedCHNAConductedIndCommunity DefinitionCommunityDefinitionIndCommunity DemographicsCommunityDemographicsIndExisting ResourcesExistingResourcesIndHow Data ObtainedHowDataObtainedIndCommunity Health NeedsCommunityHealthNeedsIndOther Health IssuesOtherHealthIssuesIndCommunity Hlth Needs Id ProcessCommunityHlthNeedsIdProcessIndConsulting ProcessConsultingProcessIndPrior CHNA ImpactPriorCHNAImpactIndCHNA ConductedCHNAConductedYrTake Into Account Others InputTakeIntoAccountOthersInputIndCHNA Conducted With Other FcltsCHNAConductedWithOtherFcltsIndCHNA Conducted With Non FcltsCHNAConductedWithNonFcltsIndCHNA Report Widely AvailableCHNAReportWidelyAvailableIndRpt Available On Own WebsiteRptAvailableOnOwnWebsiteIndOwn Website URLOwnWebsiteURLTxtPaper Copy Public InspectionPaperCopyPublicInspectionIndImplementation Strategy AdoptImplementationStrategyAdoptIndImplementation Strategy AdptImplementationStrategyAdptYrStrategy Posted WebsiteStrategyPostedWebsiteIndStrategy Website URLStrategyWebsiteURLTxtOrganization Incur Excise TaxOrganizationIncurExciseTaxIndElig Criteria ExplainedEligCriteriaExplainedIndFPG Family Incm Lmt Free DscntFPGFamilyIncmLmtFreeDscntIndFPG Family Incm Lmt Free CareFPGFamilyIncmLmtFreeCarePctFPG Family Incm Lmt Dscnt CareFPGFamilyIncmLmtDscntCarePctAsset Level CriteriaAssetLevelCriteriaIndInsurance Status CriteriaInsuranceStatusCriteriaIndUnderinsurance Stat CriteriaUnderinsuranceStatCriteriaIndExplained BasisExplainedBasisIndApp Financial Asst ExplnAppFinancialAsstExplnIndDescribed InfoDescribedInfoIndDescribed Suprt DocDescribedSuprtDocIndProvided Hospital ContactProvidedHospitalContactIndIncludes Publicity MeasuresIncludesPublicityMeasuresIndFAP Available On WebsiteFAPAvailableOnWebsiteIndFAP Available On Website URLFAPAvailableOnWebsiteURLTxtFAP App Available On WebsiteFAPAppAvailableOnWebsiteIndFAP App Available On Website URLFAPAppAvailableOnWebsiteURLTxtFAP Summary On WebsiteFAPSummaryOnWebsiteIndFAP Summary On Website URLFAPSummaryOnWebsiteURLTxtFAP Avlbl On Request No ChargeFAPAvlblOnRequestNoChargeIndFAP App Avlbl On Request No ChrgFAPAppAvlblOnRequestNoChrgIndFAP Sum Avlbl On Request No ChrgFAPSumAvlblOnRequestNoChrgIndNotified FAP Copy Bill DisplayNotifiedFAPCopyBillDisplayIndCommuntity Notified FAPCommuntityNotifiedFAPIndFAP TranslatedFAPTranslatedIndFAP Actions On NonpaymentFAPActionsOnNonpaymentIndPermit No ActionsPermitNoActionsIndCollection ActivitiesCollectionActivitiesIndMade Effort Orally NotifyMadeEffortOrallyNotifyIndProcessed FAP ApplicationProcessedFAPApplicationIndMade Presumptive Elig DetermMadePresumptiveEligDetermIndNondis Emergency Care PolicyNondisEmergencyCarePolicyIndLook Back Medicare PrivateLookBackMedicarePrivateIndAmounts Generally BilledAmountsGenerallyBilledIndGross ChargesGrossChargesInd
THE VALLEY HOSPITAL
100Yes (1)Yes (X)Yes (X)Yes (X)Yes (X)Yes (X)Yes (X)Yes (X)Yes (X)Yes (X)22Yes (1)Yes (1)Yes (1)Yes (1)Yes (X)WWW.VALLEYHEALTH.COM/SERVICES/COMMUNITY-HEALTHYes (X)Yes (1)22Yes (1)WWW.VALLEYHEALTH.COM/SERVICES/COMMUNITY-HEALTH0Yes (1)Yes (X)200.000000000000500.000000000000Yes (X)Yes (X)Yes (X)Yes (1)Yes (1)Yes (X)Yes (X)Yes (X)Yes (1)Yes (X)WWW.VALLEYHEALTH.COM/BILLING-INSURANCE/FINANCIAL-ASSISTANCEYes (X)WWW.VALLEYHEALTH.COM/BILLING-INSURANCE/FINANCIAL-ASSISTANCEYes (X)WWW.VALLEYHEALTH.COM/BILLING-INSURANCE/FINANCIAL-ASSISTANCEYes (X)Yes (X)Yes (X)Yes (X)Yes (X)Yes (X)Yes (1)Yes (X)0Yes (X)Yes (X)Yes (X)Yes (1)Yes (X)00
(no name)
0000000000000

Supplemental Information SupplementalInformationGrp (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
THE VALLEY HOSPITALPART V, SECTION B, LINE 6A: THE HOSPITAL'S CHNA WAS COMPLETED WITH THE FOLLOWING OTHER HOSPITAL FACILITIES: CHRISTIAN HEALTH CARE CENTER (RAMAPO RIDGE PSYCHIATRIC HOSPITAL), ENGLEWOOD HOSPITAL AND MEDICAL CENTER, HACKENSACK UNIVERSITY MEDICAL CENTER, HACKENSACKUMC AT PASCACK VALLEY, HOLY NAME MEDICAL CENTER AND BERGEN NEW BRIDGE MEDICAL CENTER.
THE VALLEY HOSPITALPART V, SECTION B, LINE 6B: THE HOSPITAL'S CHNA WAS ALSO COMPLETED WITH THE COMMUNITY HEALTH IMPROVEMENT PARTNERSHIP OF BERGEN COUNTY AND THE DEPARTMENT OF HEALTH.
THE VALLEY HOSPITALPART V, SECTION B, LINE 11: THE VALLEY HOSPITAL CHNA IDENTIFIED ELEVEN (11) AREAS OF OPPORTUNITY. THESE AREAS WERE DETERMINED AFTER CONSIDERATION OF VARIOUS CRITERIA, INCLUDING: STANDING IN COMPARISON WITH BENCHMARK DATA(PARTICULARLY NATIONAL DATA); THE PREPONDERANCE OF SIGNIFICANT FINDINGS WITHIN TOPIC AREAS; THE MAGNITUDE OF THE ISSUE IN TERMS OF THE NUMBER OF PERSONS AFFECTED; AND THE POTENTIAL HEALTH IMPACT OF A GIVEN ISSUE. VALLEY HEALTH SYSTEM ACKNOWLEDGES THE WIDE RANGE OF ISSUES THAT EMERGED FROM THE CHNA PROCESS AND DETERMINED IT COULD EFFECTIVELY FOCUS ON THOSE HEALTH NEEDS WHICH ARE THE MOST PRESSING, UNDER-ADDRESSED, AND WITHIN ITS ABILITY TO INFLUENCE. VALLEY HEALTH SYSTEM WILL CONTINUE TO LEAD EFFORTS IN SUPPORT OF THE PRIORITIZED NEEDS RELATED TO HEALTHY MINDS, HEALTHY BODIES, AND BUILDING BRIDGES.STRATEGIES FOR ADDRESSING THESE NEEDS INCLUDE ACCESS, TRAINING, OUTREACH AND EDUCATION TO DIVERSE AND VULNERABLE AUDIENCES. IDENTIFY METRICS TO INCREASE PARTICIPATION OF AT-RISK INDIVIDUALS. PROVIDE HEALTH EDUCATION CLASSES AND FREE SCREENINGS, PARTICIPATE IN COMMUNITY EVENTS ON ASPECTS OF CHRONIC DISEASE, AND RESPOND TO REQUESTS FOR INFORMATION AND COLLABORATION FROM DIVERSE ORGANIZATIONS. LEVERAGE COMMUNITY PARTNERS AND SEEK OPPORTUNITIES TO PROVIDE SUPPORT FOR OTHER AGENCIES TO MEET THE IDENTIFIED NEEDS OF THE COMMUNITY. VALLEY HEALTH SYSTEM WILL COLLABORATE WITH OUR COMMUNITY PARTNERS, WHERE POSSIBLE, IN ADDRESSING KEY CONTRIBUTING FACTORS OUTSIDE OF THE CLINICAL EXPERTISE AND SCOPE OF THE ORGANIZATION. SPECIFIC EXAMPLES OF THESE KEY CONTRIBUTING FACTORS INCLUDE, INJURY AND VIOLENCE, USE OF MARIJUANA, CIRRHOSIS/LIVER DISEASE DEATHS, LACK OF TRANSPORTATION, EMERGENCY ROOM UTILIZATION.
SCHEDULE H, PART V, SECTION B, LINE 5:THE HOSPITAL FACILITY TOOK INTO ACCOUNT INPUT FROM PERSONS WHO REPRESENT THE COMMUNITY BY ENGAGING INDIVIDUALS ACROSS BERGEN COUNTY TO PARTICIPATE IN THE ASSESSMENT AND PLANNING PROCESS. REPRESENTATIVES FROM HEALTH AND SOCIAL SERVICE PROVIDERS; COUNTY LEADERSHIP AND STAFF; FAITH LEADERS; COMMUNITY RESIDENTS; HOSPITAL LEADERSHIP, CLINICIANS AND STAFF; COMMUNITY AND PUBLIC HEALTH OFFICIALS; AND COMMUNITY ORGANIZERS AND ADVOCATES PARTICIPATED IN THE PROCESS. EACH REPRESENTATIVE ORGANIZATION ON THE STEERING COMMITTEE SUBMITTED A LIST OF KEY INFORMANTS THAT COULD PROVIDE A DEEP AND BROAD PERSPECTIVE ON THE HEALTH-RELATED NEEDS OF THE COUNTY AND BECAUSE OF THEIR ABILITY TO IDENTIFY PRIMARY CONCERNS OF THE POPULATIONS WITH WHOM THEY WORK. REFINED THE FINDINGS FROM QUANTITATIVE DATA SOURCES AND PROVIDED VALUABLE INSIGHT ON COMMUNITY NEED, COMMUNITY HEALTH PRIORITIES, TO ENSURE THE BEST REPRESENTATION OF THE POPULATION SURVEYED, A MIXED-MODE METHODOLOGY WAS IMPLEMENTED. THIS INCLUDED TARGETED SURVEYS CONDUCTED BY PRC VIA TELEPHONE (CELL PHONE AND LANDLINE) OR THROUGH ONLINE QUESTIONNAIRES, AS WELL AS A COMMUNITY OUTREACH COMPONENT, PROMOTED BY THE STUDY SPONSERS THROUGH SOCIAL MEDIA POSTING AND OTHER COMMUNICATIONS,RANDOM-SMAPLE SURVEYS WERE USED FOR TARGETED ADMISNITRATION, PRC ADMINISTERED 571 SURVEYS AT RANDOM THROUGHOUT THE SERVICE AREA.COMMUNITY OUTREACH SURVEYS (COMMUNITY HEALTH IMPROVEMENT PARTNERSHIP OF BERGEN COUNTY) PRC CREATED A LINK TO AN ONLINE VERSION OF THE SURVEY, AND AREA HOSPITALS ALONG WITH PARTNERSHIP ORGANIZATIONS PROMOTED THIS LINK THROUGHOUT THE VARIOUS COMMUNITIES IN ORDER TO DRIVE ADDITIONAL PARTICIPATION AND BOLSTER OVERALL SAMPLES. THIS YIELDED AN ADDITIONAL 785 SURVEYS TO THE OVERALL SAMPLE.IN ALL 1,356 SURVEYS WERE COMPLETED THROUGH THESE MECHANISMS. ONCE THE INTERVIEWS WERE COMPLETED, THESE WERE WEIGHTED IN PROPORTION TO THE ACTUAL POPULATION DISTRIBUTION SO AS TO APPROPRIATELY REPRESENT THE SERVICE AREA AS A WHOLE. ALL ADMINSITRATION OF THE SURVEYS, DATA COLLECTION, AND DATA ANALYSIS WAS CONDUCTED BY PRC.THE FOLLOWING FOCUS GROUPS AND INDIVIDUALS WERE CONSULTED:FOCUS GROUPS:- AFRICAN AMERICAN COMMUNITY LEADERS- ELDER CARE PROVIDERS- EMT/FIRST RESPONDERS- HEALTH OFFICALS FROM BERGEN COUNTY COMMUNITY - KOREAN LANGUAGE SPEAKERS- LGBTQ+ COMMUNITY MEMBERS- MENTAL HEALTH AND SUBSTANCE USER PROVIDERS- LATINX COMMUNITY LEADERS- YOUTH SERVICE PROVIDERSVIRTUAL INTERVIEWS:- LYNN ALGRANT, BERGEN COMMUNITY ACTION- HELEN ARCHIONTOU, YMCA NORTHERN NJ- DR. HILLARY COHEN, CME ENGELWOOD HEALTH- LIZ CORSINI, BERGEN FAMILY CENTER- DR. MOHAMMED ELRAFEI, CHRISTIAN HEALTH RAMAPO RIDGE PSYCHIATRIC HOSPITAL- SOFIA MAGNIFICO, CHRISTIAN HEALTH- MICHAEL MCCANN, FORGE HEALTH- COMMINSIONER GERMAINE ORTIZ- KRISTINE PENDY, BERGEN NEW BRIDGE HEALTH- VITO VENERUSO, NORTH HUDSON COMMUNITY ACTION- DEBORAH VISCONI, BERGEN NEW BRIDGE MEDICAL CENTER- EJ VIZZI, AGE FRIENDLY TEANECK- CHAIRWOMEN, COMMISSIONR TRACY ZUR

Supplemental Information Detail SupplementalInformationDetail (13 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 6A:THE HOSPITAL PREPARES AN ANNUAL COMMUNITY BENEFIT REPORT AND IS AVAILABLE UPON REQUEST. COMMUNITY BENEFIT STATISTICS ARE ALSO REPORTED AT OUR ANNUAL MEETING, WHICH IS OPEN TO THE PUBLIC.
PART I, LINE 7:THE COST TO CHARGE RATIO USED TO CALCULATE THE AMOUNTS IN THE TABLE WAS DERIVED FROM WORKSHEET 2, RATIO OF PATIENT CARE COST-TO-CHARGES.
PART I, LINE 7G:THERE ARE NO SUBSIDIZED HEALTH SERVICES WHICH ARE ATTRIBUTABLE TO A PHYSICIAN CLINIC. COSTS INCLUDED REPRESENT MEDICATION AND TRANSPORTATION FOR INDIGENT PATIENTS.
PART II, COMMUNITY BUILDING ACTIVITIES:SEE STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS
PART III, LINE 2:THIS IS THE TOTAL BAD DEBT EXPENSE FOR THE HOSPITAL DISCOUNTED BY THE RATIO OF PATIENT CARE COST TO CHARGES.
PART III, LINE 3:THIS IS THE TOTAL BAD DEBT EXPENSE FOR PATIENTS ELIGIBLE FOR FINANCIAL ASSISTANCE DISCOUNT BY THE RATIO OF PATIENT CARE COST TO CHARGES.
PART III, LINE 4:NET PATIENT SERVICE REVENUES ARE RECOGNIZED AT THE AMOUNT THAT REFLECTS THE CONSIDERATION TO WHICH THE ORGANIZATION EXPECTS TO BE ENTITLED IN EXCHANGE FOR PROVIDING PATIENT CARE. THESE AMOUNTS ARE DUE FROM PATIENTS, THIRD-PARTY PAYORS (INCLUDING COMMERCIAL AND GOVERNMENTAL PROGRAMS) AND OTHERS AND INCLUDES VARIABLE CONSIDERATION FOR RETROACTIVE REVENUE ADJUSTMENTS DUE TO SETTLEMENT OF AUDITS, REVIEWS AND INVESTIGATIONS. GENERALLY, THE ORGANIZATION BILLS THE PATIENTS AND THIRD-PARTY PAYORS SEVERAL DAYS AFTER THE SERVICES ARE PERFORMED AND/OR THE PATIENT IS DISCHARGED FROM THE FACILITY. REVENUES ARE RECOGNIZED AS PERFORMANCE OBLIGATIONS ARE SATISFIED.PERFORMANCE OBLIGATIONS ARE DETERMINED BASED ON THE NATURE OF THE SERVICES PROVIDED BY THE ORGANIZATION. REVENUES FOR PERFORMANCE OBLIGATIONS SATISFIED OVER TIME IS RECOGNIZED BASED ON ACTUAL SERVICES INCURRED IN RELATION TO TOTAL EXPECTED (OR ACTUAL) PAYMENTS. THE ORGANIZATION BELIEVES THAT THIS METHOD PROVIDES A FAITHFUL DEPICTION OF THE TRANSFER OF SERVICES OVER THE TERM OF THE PERFORMANCE OBLIGATION BASED ON THE INPUTS NEEDED TO SATISFY THE OBLIGATION. GENERALLY, PERFORMANCE OBLIGATIONS SATISFIED OVER TIME RELATE TO PATIENTS IN THE ORGANIZATION RECEIVING INPATIENT ACUTE CARE SERVICES. THE ORGANIZATION MEASURES THE PERFORMANCE OBLIGATION FROM ADMISSION INTO THE FACILITY TO THE POINT WHEN IT IS NO LONGER REQUIRED TO PROVIDE SERVICES TO THAT PATIENT, WHICH IS GENERALLY AT THE TIME OF DISCHARGE. REVENUES FOR PERFORMANCE OBLIGATIONS SATISFIED AT A POINT IN TIME ARE RECOGNIZED WHEN SERVICES ARE PROVIDED AND THE ORGANIZATION DOES NOT BELIEVE IT IS REQUIRED TO PROVIDE ADDITIONAL SERVICES TO THE PATIENT.GENERALLY, BECAUSE ALL THE ORGANIZATION'S PERFORMANCE OBLIGATIONS RELATE TO CONTRACTS WITH A DURATION OF LESS THAN ONE YEAR, THE ORGANIZATION HAS ELECTED TO APPLY THE OPTIONAL EXEMPTION PROVIDED IN ACCOUNTING STANDARD CODIFICATION (ASC) 606-10-50-14(A) AND, THEREFORE, THE ORGANIZATION IS NOT REQUIRED TO DISCLOSE THE AGGREGATE AMOUNT OF THE TRANSACTION PRICE ALLOCATED TO PERFORMANCE OBLIGATIONS THAT ARE UNSATISFIED OR PARTIALLY UNSATISFIED AT THE END OF THE REPORTING PERIOD. THE UNSATISFIED OR PARTIALLY UNSATISFIED PERFORMANCE OBLIGATIONS REFERRED TO ABOVE ARE PRIMARILY RELATED TO INPATIENT ACUTE CARE SERVICES AT THE END OF THE REPORTING PERIOD. THE PERFORMANCE OBLIGATIONS FOR THESE CONTRACTS ARE GENERALLY COMPLETED WHEN THE PATIENTS ARE DISCHARGED, WHICH GENERALLY OCCURS WITHIN DAYS OR WEEKS OF THE END OF THE REPORTING PERIOD.THE ORGANIZATION DETERMINES THE TRANSACTION PRICE BASED ON STANDARD CHARGES FOR SERVICES PROVIDED, REDUCED BY CONTRACTUAL ADJUSTMENTS PROVIDED TO THIRD-PARTY PAYORS, DISCOUNTS PROVIDED TO UNINSURED PATIENTS IN ACCORDANCE WITH THE ORGANIZATION'S POLICY AND/OR IMPLICIT PRICE CONCESSIONS PROVIDED TO UNINSURED PATIENTS. THE ORGANIZATION DETERMINES ITS ESTIMATES OF CONTRACTUAL ADJUSTMENTS AND DISCOUNTS BASED ON CONTRACTUAL AGREEMENTS, ITS DISCOUNT POLICIES AND HISTORICAL EXPERIENCE. THE ORGANIZATION DETERMINES ITS ESTIMATE OF IMPLICIT PRICE CONCESSIONS BASED ON ITS HISTORICAL COLLECTION EXPERIENCE WITH THIS CLASS OF PATIENTS.
PART III, LINE 8:IN ADDITION TO CHARITY CARE, BAD DEBT, AND THE TREATMENT OF FINANCIALLY NEEDY PATIENTS UNDER THE MEDICAID PROGRAM, THE HOSPITAL PROVIDES SERVICES TO ELDERLY AND DISABLED PATIENTS COVERED UNDER THE MEDICARE PROGRAM REGARDLESS OF INCOME. THE UNPAID COSTS ATTRIBUTED TO PROVIDING CARE UNDER THIS PROGRAM (MEDICARE SHORTFALL) ARE CONSIDERED TO BE COMMUNITY BENEFIT.
PART III, LINE 9B:WHEN A PATIENT MAY QUALIFY FOR CHARITY CARE OR FINANCIAL ASSISTANCE, OUR SYSTEM IS SET UP TO STOP SENDING STATEMENTS TO PREVENT THEM FROM GOING TO A COLLECTION AGENCY. WE ALSO HAVE THE ABILITY TO MANUALLY PUT AN ACCOUNT ON HOLD TO AVOID COLLECTION ACTIVITY AS WELL.
PART VI, LINE 2:HOSPITAL STAFF REVIEWS ALL THE DISCHARGE DATA FROM THE STATE DOHSS TO DETERMINE WHAT THE MAJOR HEALTH ISSUES ARE IN THE COMMUNITY. WE LOOK AT DISEASE SPECIFIC INCIDENCE RATES IN OUR COMMUNITY AND DEVELOP FORECASTS FOR WHAT HEALTH ISSUES ARE PROJECTED TO PLAGUE THE POPULATION IN THE FUTURE. WE REVIEW CENSUS DATA TO MONITOR DEMOGRAPHIC SHIFTS AND WE CONDUCT QUALITATIVE RESEARCH (FOCUS GROUPS) TO ASSESS COMMUNITY FEEDBACK TO NEW PROGRAMS AND SERVICES. WE DEVELOP OUR CORE SERVICES AROUND THE MAJOR HEALTH ISSUES IN THE COMMUNITY - THUS, THEY ARE MOSTLY IN THE AREA OF HEART AND VASCULAR DISEASE, ONCOLOGY (MEDICAL AND SURGICAL), NEUROLOGY (STROKE) AND WOMEN'S AND CHILDREN'S SERVICES (OB, NICU, PICU, MFM AND IVF).
PART VI, LINE 3:SIGNS ARE POSTED AT EVERY REGISTRATION AREA. INFORMATION REGARDING FINANCIAL SCREENING IS POSTED ON THE HOSPITAL'S WEBSITE FOR CHARITY CARE AS WELL AS THE UNINSURED DISCOUNT POLICY. PATIENTS CAN PRINT APPLICATIONS AND REQUIREMENTS FROM THE WEBSITE. THE HOSPITAL'S STATEMENTS CONTAIN INFORMATION ALERTING PATIENTS OF FINANCIAL ASSISTANCE. THE HOSPITAL'S HANDBOOKS EXPLAIN FINANCIAL OPTIONS WHICH INCLUDE INFORMATION OF STATE ASSISTANCE, DISCOUNT POLICY AND ANY OTHER TYPE OF FINANCIAL ARRANGEMENT.
PART VI, LINE 4:THE PRIMARY AND SECONDARY SERVICE AREA OF THE VALLEY HOSPITAL IS COMPOSED OF 34 TOWNS IN NORTHWEST BERGEN AND PASSAIC COUNTIES. THESE COMMUNITIES ACCOUNT FOR OVER 65% OF ALL OF OUR DISCHARGES. THE POPULATION IS 460,000 PEOPLE.
PART VI, LINE 5:CONSTRUCTION IS CURRENTLY IN PROCESS FOR A NEW STATE OF THE ART HOSPITAL OPENING IN 2024. THE NEW HOSPITAL WILL PROVIDE AN EVEN BETTER EXPERIENCE FOR PATIENTS AND FAMILIES, MEETING THE HEALTH CARE NEEDS OF THE NORTHERN NEW JERSEY COMMUNITY FOR YEARS TO COME.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (21 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
VALLEY PHYSICIAN SERVICES INC
223 NORTH VAN DIEN AVENUERIDGEWOODNJ07450320041186501(C)(3)$96,532,031$0GENERAL SUPPORT
VALLEY HEALTH SYSTEM
223 NORTH VAN DIEN AVENUERIDGEWOODNJ07450222922016501(C)(3)$118,540$0GENERAL SUPPORT
BERGEN VOLUNTEER MEDICAL INITIATIVE
75 ESSEX STREETHACKENSACKNJ07692202633437501(C)(3)$25,000$0GENERAL SUPPORT
US UKRAINE FOUNDATION
6312 SEVEN CORNERS CENTER 361FALLS CHURCHVA220442409521778729501(C)(3)$25,000$0GENERAL SUPPORT
FAMILY PROMISE OF BERGEN COUNTY
100 DAYTON STREETRIDGEWOODNJ07450222853599501(C)(3)$20,000$0GENERAL SUPPORT
BOROUGH OF PARAMUS
JOCKISH SQUAREPARAMUSNJ07652226002186BOROUGH OF PARAMUS$15,500$0GENERAL SUPPORT
PONY POWER THERAPIES INC
1170 RAMAPO VALLEY ROADMAHWAHNJ07430203210841501(C)(3)$15,000$0GENERAL SUPPORT
MAHWAH REGIONAL CHAMBER OF COMMERCE INC
ONE INTERNATIONAL BOULEVARDMAHWAHNJ07495223145589501(C)(6)$12,175$0GENERAL SUPPORT
CHILDREN'S AID & FAMILY SERVICES INC
200 ROBIN ROADPARAMUSNJ07652221487147501(C)(3)$11,000$0GENERAL SUPPORT
AMERICAN CANCER SOCIETY
PO BOX PMANASQUANNJ08736131788491501(C)(3)$10,500$0GENERAL SUPPORT
RIDGEWOOD BASEBALL & SOFTBALL ASSOC
PO BOX 163RIDGEWOODNJ07451226063696501(C)(3)$10,000$0GENERAL SUPPORT
BERGEN VOLUNTEER CENTER
64 PASSAIC STREETHACKENSACKNJ07601221821282501(C)(3)$10,000$0GENERAL SUPPORT
BERGEN PERFORMING ARTS CENTER INC
30 NORTH VAN BRUNT STREETENGLEWOODNJ07631300194642501(C)(3)$10,000$0GENERAL SUPPORT
PARAMUS EMERGENCY MEDICAL SERVICES
1 JOCKISH SQUARE WESTPARAMUSNJ076522771226002186501(C)(3)$10,000$0GENERAL SUPPORT
WAINSCOT MEDIA
ONE MAYNARD DRIVEPARK RIDGENJ07656204872209FOR PROFIT$8,995$0GENERAL SUPPORT
WEST BERGEN MENTAL HEALTH INC
120 CHESTNUT STREETRIDGEWOODNJ07450221736531501(C)(3)$8,000$0GENERAL SUPPORT
MONTVALE CHAMBER OF COMMERCE
12 MERCEDES DRIVEMONTVALENJ07645208485568501(C)(6)$7,500$0GENERAL SUPPORT
MARCH OF DIMES FOUNDATION
PO BOX 18819ATLANTAGA31126131846366501(C)(3)$7,500$0GENERAL SUPPORT
NJ SHARING NETWORK
691 CENTRAL AVENUENEW PROVIDENCENJ07974202737719501(C)(3)$7,500$0GENERAL SUPPORT
RIDGEWOOD YMCA
55 N BROAD STREETRIDGEWOODNJ07450221508752501(C)(3)$7,250$0GENERAL SUPPORT
COMMUNITY MEALS INC
105 COTTAGE PLACERIDGEWOODNJ07450221976783501(C)(3)$6,000$0GENERAL SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org18Total501c3OrgCnt
Total Other Org3TotalOtherOrgCnt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation Required0SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
AUDREY MEYERS
PRESIDENT & CEO, VHS$0$1,249,299$0$984,960$0$1,739,780$0$22,875$0$26,697$0$4,023,611$0$1,583,249
WILLIAM KLUTKOWSKI
SR. VP, FINANCE & CFO$0$627,904$0$192,180$0$196,871$0$21,138$0$36,167$0$1,074,260$0$0
JOSEPH YALLOWITZ
VP & CHIEF MEDICAL OFFICER$517,904$0$143,815$0$137,210$0$14,756$0$36,166$0$849,851$0$0$0
KARTEEK BHAVSAR
SR. VP, OPERATIONS & BUSINESS DEVELO$415,727$0$113,442$0$93,589$0$19,696$0$2,850$0$645,304$0$0$0
DAVID BOHAN
VP & CHIEF DEVELOPMENT OFFICER$367,744$0$118,908$0$95,451$0$15,250$0$24,418$0$621,771$0$0$0
CHARLES VANNOY
VP/CNO, PATIENT CARE SVCS$340,878$0$92,628$0$38,578$0$22,875$0$23,897$0$518,856$0$0$0
BRAD HASPEL
VP, ANCILLARY SERVICES$267,342$0$41,105$0$66,463$0$16,775$0$11,083$0$402,768$0$0$0
BETTYANN KEMPIN
VP, ADMINISTRATION$260,967$0$41,345$0$44,319$0$22,875$0$26,517$0$396,023$0$0$0
JULIE LO
CHIEF PHYSICIST$318,776$0$100$0$1,062$0$16,775$0$23,425$0$360,138$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 3THE ORGANIZATION'S BOARD IS A SHARED BOARD WITH THE VALLEY HEALTH SYSTEM. THE VALLEY HEALTH SYSTEM HAS DEVELOPED A COMPENSATION PLAN, WHICH GOVERNS THE COMPENSATION FOR ALL EXECUTIVES, INCLUDING THE CEO AND VICE PRESIDENTS OF THE ORGANIZATION. THE PLAN WAS DEVELOPED IN CONJUNCTION WITH A CONSULTING FIRM, REVIEWED BY THE PHYSICIAN LEADERSHIP COUNCIL AND APPROVED BY THE BOARD OF TRUSTEES AND THE VALLEY HEALTH SYSTEM PHYSICIAN COMPENSATION COMMITTEE. ON AN ANNUAL BASIS, THE PLAN IS REVIEWED AND UPDATED AS NEEDED.
PART I, LINE 4BAUDREY MEYERS AND WILLIAM KLUTKOWSKI PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION PLAN. AUDREY MEYERS RECEIVED A PAYMENT IN THE AMOUNT OF $1,583,249 FROM THIS PLAN AS REPORTED IN PART II, COLUMN BIII AND COLUMN F. AUDREY MEYERS, ROBIN GOLDFISCHER-HOLLANDER, AND PETER DIESTEL PARTICIPATED IN A CAP-EX (SPLIT-DOLLAR LIFE INSURANCE PLAN). THEY DID NOT RECEIVE A PAYMENT DURING 2022: SEE SCHEDULE L, PART V, FOR A BROADER DESCRIPTION OF THE ARRANGEMENT.
PART I, LINE 7EMPLOYEES OF THE ORGANIZATION RECEIVED A BOARD-APPROVED DISCRETIONARY BONUS, AWARDED BASED ON PERFORMANCE, AS REPORTED IN PART II, COLUMN B(II).

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN221987084BondIssuerEIN
CUSIP645790NB8CUSIPNum
Bond Issued2019-12-11BondIssuedDt
Issue Price$402,437,137IssuePriceAmt
PurposeCONSTRUCTION OF NEW HOSPITALPurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$35,650,000RetiredAmt
Total Proceeds$404,790,911TotalProceedsAmt
Capitalized Interest$33,516,333CapitalizedInterestAmt
Issuance Costs From Proceeds$2,437,137IssuanceCostsFromProceedsAmt
Capital Expenditures$368,837,441CapitalExpendituresAmt
Refunding Tax Exempt Bonds0RefundingTaxExemptBondsInd
Refunding Taxable Bonds0RefundingTaxableBondsInd
Final Allocation MadeYes (1)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease Arrangements0AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop0MgmtContractBondFincdPropInd
Any Research Agreements0AnyResearchAgreementsInd
Private Bus Use By Others0.00000PrivateBusUseByOthersPct
Private Bus Concerning UBI0.00000PrivateBusConcerningUBIPct
Total Private Business Use0.00000TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt Test0BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (1)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed0Form8038TFiledInd
Rebate Not Due Yet0RebateNotDueYetInd
Exception To Rebate0ExceptionToRebateInd
No Rebate DueYes (1)NoRebateDueInd
Variable Rate Issue0VariableRateIssueInd
Hedge Identified In Bks And Rec0HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (1)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (1)ProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 3FormAndLineReferenceDesc
ExplanationTHE DIFFERENCE BETWEEN THE ISSUE PRICE AND THE TOTAL AMOUNT OF PROCEEDS REPRESENTS INVESTMENT EARNINGS.ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)

Relationship With OrgRelationshipWithOrgTxtLoan PurposeLoanPurposeTxtLoan From OrganizationLoanFromOrganizationIndOriginal PrincipalOriginalPrincipalAmtBalance DueBalanceDueAmtDefaultDefaultIndBoard Or Committee ApprovalBoardOrCommitteeApprovalIndWritten AgreementWrittenAgreementInd
AUDREY MEYERS
PRESIDENT/CEO, VHSSEE PART VYes (X)$9,071,138$11,567,3490Yes (1)Yes (1)
ROBIN GOLDFISCHER-HOLLANDER
SENIOR VP, LEGAL SERVICESSEE PART VYes (X)$3,392,128$4,324,6600Yes (1)Yes (1)
PETER DIESTEL
PRESIDENT, VHS OPERATIONSSEE PART VYes (X)$5,796,536$7,391,6370Yes (1)Yes (1)
FieldValueIRS element (for citing)
Total Balance Due$23,283,646TotalBalanceDueAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE L, PART II, COLUMN (C)FormAndLineReferenceDesc
ExplanationTHE HOSPITAL PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ALTERNATIVE FUNDING ARRANGEMENT THE IRS CALLS "COLLATERAL ASSIGNMENT SPLIT DOLLAR" (CASD). ALTHOUGH THE IRS REQUIRES REPORTING IN THE LOAN SECTION OF SCHEDULE L, CASD IS NOT A LOAN BECAUSE NO FUNDS ARE TRANSFERRED TO THE EXECUTIVE. RATHER, THE "LOAN" TREATMENT APPLIES BECAUSE AFTER THE EXECUTIVE HAS RECEIVED RETIREMENT BENEFITS, THE HOSPITAL RECOVERS ALL OF ITS OUTLAYS PLUS INTEREST. THE RECOVERY RIGHT IS A KEY ADVANTAGE OF CASD FOR THE HOSPITAL. RATHER THAN PAYING RETIREMENT BENEFITS TO THE EXECUTIVE THAT WOULD NEVER BE RECOVERED, UNDER CASD THE HOSPITAL RECOVERS NOT ONLY ITS OUTLAYS BUT ALSO CONSIDERATION FOR THE TIME VALUE OF MONEY. CASD WORKS AS FOLLOWS. THE HOSPITAL DEPOSITS FUNDS INTO CASH VALUE LIFE INSURANCE POLICIES ON THE EXECUTIVE'S LIFE. DURING LIFE, TO THE EXTENT THE EXECUTIVE FULFILLS SERVICE AND VESTING REQUIREMENTS, THE EXECUTIVE CAN BORROW AGAINST THE CASH SURRENDER VALUE TO SUPPLEMENT RETIREMENT INCOME. POLICY PERFORMANCE IS CLOSELY MONITORED. IF POLICY PERFORMANCE LAGS, THE EXECUTIVE'S BORROWING RIGHTS ARE REDUCED TO PROTECT THE HOSPITAL'S RECOVERY RIGHTS. AT THE EXECUTIVE'S DEATH, THE POLICY DEATH PROCEEDS ARE FIRST USED TO REPAY THE HOSPITAL ITS DEPOSITS PLUS COMPOUNDED INTEREST (AT THE IRS LONG-TERM APPLICABLE FEDERAL RATE). THE EXECUTIVE'S BENEFICIARY THEN RECEIVES ANY PROJECTED RETIREMENT BORROWING THE EXECUTIVE DID NOT ACCESS DURING LIFE. IF DEATH HAD OCCURRED DURING THE REPORTING YEAR, ANY REMAINING DEATH PROCEEDS WOULD HAVE BEEN PAID TO THE HOSPITAL.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 4THE ORGANIZATION AMENDED ITS BYLAWS IN 2022 WITH RESPECT TO THE CRISIS STANDARDS OF CARE AND OTHER EMERGENCIES (CSC). SIGNIFICANT CHANGES DURING CSC: - NUMBER OF TRUSTEES: NO FEWER THAN NINE (9). - EMERGENCY POWERS: TE EXECUTIVE COMMITTEE IS PERMITTED TO ACT ON BEHALF OF THE FULL BOARD UNTIL THE BOARD IS ABLE TO ACT OR OTHERWISE EXERCISE ITS POWERS DURING A CSC.
FORM 990, PART VI, SECTION A, LINE 6THE ORGANIZATION'S SOLE MEMBER IS VALLEY HEALTH SYSTEM, INC.
FORM 990, PART VI, SECTION A, LINE 7ATHE ORGANIZATION'S SOLE MEMBER HAS THE RIGHT TO NOMINATE, ELECT, AND REMOVE THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY.
FORM 990, PART VI, SECTION A, LINE 7BTHE FOLLOWING DECISIONS OF THE ORGANIZATION ARE RESERVED TO THE ORGANIZATION'S SOLE MEMBER: TO DETERMINE THE NUMBER OF TRUSTEES ON THE BOARD TO AMEND, REVISE OR RESTATE THE CORPORATION'S CERTIFICATE OF INCORPORATION AND BYLAWS, AND TO APPROVE ALL AMENDMENTS OR REVISIONS TO THE CORPORATION'S CERTIFICATE OF INCORPORATION AND BYLAWS THAT MAY BE PROPOSED OR APPROVED BY THE BOARD BEFORE THEY BECOME EFFECTIVE; TO ADOPT OR CHANGE THE MISSION, PURPOSE, PHILOSOPHY OR OBJECTIVES OF THE CORPORATION; TO CHANGE THE LEGAL STRUCTURE OF THE CORPORATION; TO COMMIT TO ADD OR THE ADDITION OF ANOTHER HOSPITAL OR HEALTH SYSTEM TO THE CORPORATION; TO DISSOLVE, DIVIDE, CONVERT OR LIQUIDATE THE CORPORATION, TO CONSOLIDATE OR MERGE THE CORPORATION WITH ANOTHER CORPORATION OR ENTITY, TO SELL ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION, TO CAUSE THE CORPORATION TO ACQUIRE SUBSTANTIALLY ALL OF THE ASSETS OF ANOTHER CORPORATION OR ENTITY, AND TO APPROVE ANY OF THE FOREGOING ACTIONS THAT ARE RECOMMENDED BY THE BOARD BEFORE SUCH ACTION BECOMES EFFECTIVE; TO APPROVE THE ANNUAL CAPITAL AND OPERATING BUDGETS OF THE CORPORATION AND ANY AMENDMENTS THERETO; TO INITIATE AND TO APPROVE THE INCURRENCE OF DEBT BY THE CORPORATION OR TO IMPLEMENT ANY FINANCING STRATEGY, INCLUDING WITHOUT LIMITATION IN CONNECTION WITH ANY DEBT ISSUANCE, CAPITAL OR OPERATING LEASING TRANSACTIONS, AND TAXABLE AND NONTAXABLE FINANCINGS; TO APPROVE THE INCURRENCE OF DEBT BY THE CORPORATION IN EXCESS OF THOSE THRESHOLDS ESTABLISHED BY THE BOARD, IF SUCH INCURRENCE OF DEBT IS NOT INCLUDED IN THE CORPORATION'S APPROVED BUDGETS, WHETHER IN A SINGLE TRANSACTION OR A SERIES OF RELATED TRANSACTIONS; TO CAUSE OR DIRECT THE CORPORATION TO PAY, LOAN OR OTHERWISE TRANSFER SUCH FUNDS AS ARE NECESSARY TO PAY ANY OUTSTANDING INDEBTEDNESS OBLIGATIONS, INCLUDING BUT NOT LIMITED TO BORROWINGS, GUARANTIES, NON-RECOURSE INDEBTEDNESS, LEASES, AND DERIVATIVE INSTRUMENTS, CREATED OR APPROVED BY THE CORPORATION; TO EXERCISE SUCH OVERSIGHT, INCLUDING INITIATING ACTION OR APPROVING ACTION BY THE CORPORATION, OVER THE MANAGEMENT, POLICIES, DISPOSITION OR ENCUMBRANCE OF ASSETS, INCLUDING REAL OR PERSONAL PROPERTY, OF THE CORPORATION TO CAUSE OR ENSURE COMPLIANCE WITH TERMS AND CONDITIONS OF INDEBTEDNESS OBLIGATIONS AND FINANCIAL RELATIONSHIPS RELATED IN ANY MANNER TO SUCH INDEBTEDNESS; TO APPROVE THE CAPITAL EXPENDITURES BY THE CORPORATION IN EXCESS OF THOSE THRESHOLDS ESTABLISHED BY THE BOARD, IF SUCH CAPITAL EXPENDITURES ARE NOT INCLUDED IN THE CORPORATION'S APPROVED BUDGETS, WHETHER IN A SINGLE TRANSACTION OR A SERIES OF RELATED TRANSACTIONS; TO APPROVE ANY DONATION OR ANY OTHER TRANSFER OF THE CORPORATION'S ASSETS, OTHER THAN TO AN AFFILIATED ENTITY, IN EXCESS OF AN AMOUNT EQUAL TO OR GREATER THAN THE THRESHOLDS ESTABLISHED BY THE BOARD FOR SUCH CORPORATION, UNLESS SPECIFICALLY AUTHORIZED IN THE CORPORATION'S APPROVED BUDGETS; TO SELECT AND APPOINT AUDITORS OF THE CORPORATION; TO INITIATE AND APPROVE STRATEGIC PLANS AND MISSION STATEMENTS OF THE CORPORATION; TO INITIATE AND APPROVE INVESTMENT POLICIES AND CAPITAL CAMPAIGNS OF THE CORPORATION; TO INITIATE AND APPROVE THE CLOSURE OR RELOCATION OF A LICENSED HEALTH CARE FACILITY OF THE CORPORATION; TO INITIATE AND APPROVE THE FORMATION OF SUBSIDIARIES OF THE CORPORATION; TO APPROVE THE CORPORATION'S ACQUISITION OF CONTROLLING INTERESTS IN ORGANIZATIONS OR BUSINESSES OUTSIDE OF THE CORPORATION'S APPROVED STRATEGIC PLAN; TO THE EXTENT NOT EXPRESSLY SET FORTH ABOVE, TO DIRECT OR REQUIRE THE CORPORATION TO TAKE ANY OTHER LAWFUL ACTS OR ACTIONS WITH RESPECT TO THE CORPORATION'S BUSINESS, AFFAIRS, MANAGEMENT, PROPERTIES OR ACTIVITIES THAT THE SOLE MEMBER MAY DIRECT.
FORM 990, PART VI, SECTION B, LINE 11BTHE VALLEY HOSPITAL HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 IS PREPARED, IT IS SUBMITTED TO MANAGEMENT AND THE AUDIT COMMITTEE FOR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED BY THE AUDIT COMMITTEE FOR FILING WITH THE INTERNAL REVENUE SERVICE. BEFORE FILING, THE FORM 990 IS MADE AVAILABLE FOR THE BOARD'S REVIEW, BY HARD COPY AND OR ELECTRONIC COPY.
FORM 990, PART VI, SECTION B, LINE 12CTHE VALLEY HEALTH SYSTEM HAS A CONFLICT OF INTEREST POLICY WHICH COVERS ALL CONTROLLED ORGANIZATIONS WITHIN THE HEALTH SYSTEM, INCLUDING THIS ORGANIZATION. THE POLICY REQUIRES ALL TRUSTEES, OFFICERS, AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS, TO ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT, DISCLOSING ANY POTENTIAL CONFLICTS WHICH MAY EXIST. SUCH PERSONS ARE ALSO REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS AS THEY ARISE. CONFLICTS ARE DETERMINED BY THE BOARD OF TRUSTEES OR DELEGATED COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. PERSONS WITH CONFLICTS OF INTEREST MUST NOT PARTICIPATE IN THE DISCUSSION OR VOTE ON THE RELATED MATTER.
FORM 990, PART VI, SECTION B, LINE 15THE ORGANIZATION'S BOARD IS A SHARED BOARD WITH THE VALLEY HEALTH SYSTEM. THE VALLEY HEALTH SYSTEM HAS DEVELOPED A COMPENSATION PLAN, WHICH GOVERNS THE COMPENSATION FOR ALL EXECUTIVES, INCLUDING THE CEO AND VICE PRESIDENTS OF THE ORGANIZATION. THE PLAN WAS DEVELOPED IN CONJUNCTION WITH A CONSULTING FIRM, REVIEWED BY THE PHYSICIAN LEADERSHIP COUNCIL AND APPROVED BY THE BOARD OF TRUSTEES AND THE VALLEY HEALTH SYSTEM PHYSICIAN COMPENSATION COMMITTEE. ON AN ANNUAL BASIS, THE PLAN IS REVIEWED AND UPDATED AS NEEDED. THIS PROCESS WAS LAST UNDERTAKEN IN 2022.
FORM 990, PART VI, SECTION C, LINE 19THE HOSPITAL MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING OF THE RETURN ON GUIDESTAR.ORG AND SIMILAR TYPES OF WEBSITES. IN ADDITION FORM 990 AS WELL AS THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AND OTHER RELEVENT DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:CHANGE IN HOSPITAL NET ASSETS HELD BY VALLEY HOSPITAL -6,581,957.
FORM 990, PART XII, LINE 2C:THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
620 WINTERS AVENUE LLC
223 NORTH VAN DIEN AVENUERIDGEWOODNJ07450462091667REAL ESTATE HOLDINGSDE$0$0THE VALLEY HOSPITAL INC
1200 EAST RIDGEWOOD LLC
223 NORTH VAN DIEN AVENUERIDGEWOODNJ07450464115513REAL ESTATE HOLDINGSDE$3,693,896$20,408,401THE VALLEY HOSPITAL INC
555 MAPLE ACQUISITION LLC
223 NORTH VAN DIEN AVENUERIDGEWOODNJ07450453070365REAL ESTATE HOLDINGSDE$0$8,110,000THE VALLEY HOSPITAL INC
599 PARAMUS ACQUISITION LLC
223 NORTH VAN DIEN AVENUERIDGEWOODNJ07450460985392REAL ESTATE HOLDINGSDE$0$8,355,440THE VALLEY HOSPITAL INC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACd
THE VALLEY HOSPITAL FOUNDATION INC
223 NORTH VAN DIEN AVENUERIDGEWOODNJ07450222324554SOLICITS AND RECEIVES CONTRIBUTIONS FOR THE BENEFIT OF HEALTH SYSTEMNJ501(C)(3)LINE 7VALLEY HEALTH SYSTEM INC0
VALLEY HEALTH SYSTEM INC
223 NORTH VAN DIEN AVENUERIDGEWOODNJ07450222922016PROVIDES MANAGEMENT & PLANNING SERVICES FOR ITS MEMBERSNJ501(C)(3)LINE 30N/A
VALLEY HOME CARE INC
15 ESSEX ROADPARAMUSNJ07652223208480PROVIDES REHABILITATION VISITS AND HOME HEALTH AIDS VISITS TO PATIENTSNJ501(C)(3)LINE 10VALLEY HEALTH SYSTEM INC0
VALLEY MEDICAL SERVICES PC
15 ESSEX ROADPARAMUSNJ07652465297054PROVIDE PRIMARY AND SPECIALTY MEDICAL CARENJ501(C)(3)LINE 10VALLEY PHYSICIAN SERVICES INC0
VALLEY PHYSICIAN SERVICE NY PC
15 ESSEX ROADPARAMUSNJ07652453125678OPERATES URGENT/PRIMARY CARE CLINICSNJ501(C)(3)LINE 10VALLEY PHYSICIAN SERVICES INC0
VALLEY PHYSICIAN SERVICES INC
15 ESSEX ROADPARAMUSNJ07652320041186PROVIDES MEDICAL CARE TO CARRYOUT THE PURPOSE OF THE VALLEY HEALTH SYSTEMNJ501(C)(3)LINE 10THE VALLEY HOSPITAL INCYes (1)
VALLEY PHYSICIANS SERVICES PC
15 ESSEX ROADPARAMUSNJ07652465285330PROVIDE PRIMARY AND SPECIALTY MEDICAL CARENJ501(C)(3)LINE 10VALLEY PHYSICIAN SERVICES INC0

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1VHS INSURANCE COMPANY LTDBusinessNameLine1Txt

Foreign Address ForeignAddress

FieldValueIRS element (for citing)
Address Line1010 MAIN STREETAddressLine1Txt
CityCAYMAN ISLANDSCityNm
CountryCJCountryCd
FieldValueIRS element (for citing)
EIN980408200EIN
Primary ActivitiesPROVIDES PROFESSIONAL, MEDICAL AND COMMERCIAL GENERAL LIABILITY INSURANCEPrimaryActivitiesTxt
Legal Domicile Foreign CountryCJLegalDomicileForeignCountryCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1VALLEY HEALTH SYSTEMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth OrgYes (1)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
VALLEY PHYSICIAN SERVICE NY PC
C$509,867COST
VALLEY PHYSICIANS SERVICES PC
C$23,500,816COST
VALLEY PHYSICIAN SERVICES INC
R$58,500,000COST
VALLEY PHYSICIAN SERVICES INC
B$96,532,031COST