Victory Memorial Hospital (Bankrupt): Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- Victory Memorial Hospital (Bankrupt) (EIN 11-1630911)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-06-15
- IRS object ID
- 201531669349300648
- Schema version
- 2014v5.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-06-15T14:44:12-05:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 222978848 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BEDERSON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 347 MT PLEASANT AVENUE | AddressLine1Txt |
| City | WEST ORANGE | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07052 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 111630911 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Victory Memorial Hospital (Bankrupt) | BusinessNameLine1Txt |
| Business Name Line2 | c/o Francis G Conrad Plan Administrato | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VICT | BusinessNameControlTxt |
| Phone | 7185671006 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 80 | AddressLine1Txt |
| City | Point Lookout | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 115690080 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Francis G Conrad | PersonNm |
| Person Title | Plan Administrator | PersonTitleTxt |
| Phone | 7185671006 | PhoneNum |
| Signature | 2015-05-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW SCHWARTZ | PreparerPersonNm |
| PTIN | P00139156 | PTIN |
| Phone | 9735309190 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Francis G Conrad | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 80 | AddressLine1Txt |
| City | Point Lookout | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 115690080 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $87,541 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.vmhny.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1904 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | Mandated by the Department of Health to close the Medical & Surgical Units, the Emergency Room Services, Long Term Nursing Services for the Elderly and Long Term Home Health Care Services. | ActivityOrMissionDesc |
| Voting Members Governing Body | 0 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,304 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,495 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,762 | PYOtherRevenueAmt |
| CY Other Revenue | $85,046 | CYOtherRevenueAmt |
| PY Total Revenue | $8,066 | PYTotalRevenueAmt |
| CY Total Revenue | $87,541 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $815,964 | PYOtherExpensesAmt |
| CY Other Expenses | $3,352,359 | CYOtherExpensesAmt |
| PY Total Expenses | $815,964 | PYTotalExpensesAmt |
| CY Total Expenses | $3,352,359 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$807,898 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,264,818 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $7,175,364 | TotalAssetsBOYAmt |
| Total Assets EOY | $462,016 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $36,009,675 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $32,561,145 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$28,834,311 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$32,099,129 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Wind Down Operations | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | Not Applicable - The hospital ceased all operations. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Not Applicable - The hospital ceased all operations. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Not Applicable - The hospital ceased all operations. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 0 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | 0 | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | 0 | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | 0 | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Organization | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7185671006 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 80 | AddressLine1Txt |
| City | Point Lookout | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 115690080 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Bill Guarinello | ||||||
| Chairman | 0.10 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| William Girasole | ||||||
| Vice Chairman | 0.10 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Donald Cordano | ||||||
| Treasurer | 0.10 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Craig Eaton | ||||||
| Secretary | 0.10 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Ben Barber | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| David Cassato | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Patrick Colabella | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Richard Conti | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Frank Corigliano | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Joseph Cunnigham MD | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| John Demic | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Joan Durante | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Salvatore Ferrera Phd | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Aldo Girasole | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Samuel Hagan | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Gerard Kassar | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Frank Lacqua MD | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Ann Pennacchio | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Joseph Perri | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Michael Phillips | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Dennis Quirk | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Veronica Santilli MD | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Joseph Sessa II | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Joseph Shelala | ||||||
| Director | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Dr Vincent Calamia | ||||||
| President | 0.10 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Alston & Bird LLP | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 90 Park Avenue | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10016 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Legal | ServicesDesc |
| Compensation | $140,126 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,495 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,495 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $85,046 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $85,046 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $85,046 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $87,541 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $87,541 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $408,338 | TotalAmt |
| Management And General | $408,338 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,797 | TotalAmt |
| Management And General | $61,797 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $191,038 | TotalAmt |
| Management And General | $191,038 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,519 | TotalAmt |
| Management And General | $1,519 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| Uncollectable Receivabl | $2,688,327 | $2,688,327 |
| U.S. Trustee Fees | $1,340 | $1,340 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,352,359 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $3,352,359 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,487,036 | BOYAmt |
| EOY | $462,016 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,688,328 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,175,364 | BOYAmt |
| EOY | $462,016 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,552,077 | BOYAmt |
| EOY | $24,153,384 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,457,598 | BOYAmt |
| EOY | $8,407,761 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,009,675 | BOYAmt |
| EOY | $32,561,145 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$28,834,311 | BOYAmt |
| EOY | -$32,099,129 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$28,834,311 | BOYAmt |
| EOY | -$32,099,129 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,175,364 | BOYAmt |
| EOY | $462,016 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$3,264,818 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Hospital | Yes (X) | HospitalInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Due to Third Party Payors | $1,187,598 |
| Estimated Liability for Medical Malpractice | $7,220,163 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $8,407,761 | TotalLiabilityAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 3 | Plan Administrator has been appointed to administer the remaining assets for the payment of allowed claims per the Bankruptcy Court. |
| Form 990, Part VI, Section A, line 8a | Plan Administrator has been appointed to administer the remaining assets for the payment of allowed claims per the Bankruptcy Court. |
| Form 990, Part VI, Section A, line 8b | Plan Administrator has been appointed to administer the remaining assets for the payment of allowed claims per the Bankruptcy Court. |
| Form 990, Part VI, Section B, line 11 | Plan Administrator has been appointed to administer the remaining assets for the payment of allowed claims per the Bankruptcy Court. |
| Form 990, Part VI, Section B, line 11 | Plan Administrator reviews Form 990 prior to filing. |
| Form 990, Part VI, Section C, line 18 | Form 990 is available upon request. |
| Form 990, Part VI, Section C, line 19 | Organization documents are available upon request. |
| ADDENDUM TO FORM 990 | VICTORY MEMORIAL HOSPITAL (BANKRUPT) FEDERAL IDENTIFICATION NUMBER: 11-1630911 ADDENDUM TO FORM 990 FOR THE YEAR ENDED DECEMBER 31, 2014 We are the Court Appointed Accountants for the Chapter 11 Plan Administrator of Victory Memorial Hospital (Bankrupt), which filed bankruptcy on November 15, 2006. Due to the bankruptcy certain key financial records, account analysis, reconciliations, and supporting information that would normally be present were missing or unavailable. We prepared this tax return from the best information available; that is, the Debtor's prior tax return and the available Debtor's financial records. The Plan Administrator, by his signature on the face of this tax return has relied on our expertise in preparing the 2014 return from the available records. Neither the Plan Administrator, nor our firm has any personal knowledge of any transaction that occurred prior to the Plan Administrator's or our appointment. However, it is our qualified opinion that this is a complete return based on the financial information available. The absence of complete information was caused by the bankrupt status of the corporation. BEDERSON LLP MAY 2015 |