Pascack Valley Hospital Association Inc in West Orange, New Jersey (NJ)

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Pascack Valley Hospital Association Inc
Employer Identification Number (EIN)221637362
Name of OrganizationPascack Valley Hospital Association Inc
Address347 Mt Pleasant Ave No 200, West Orange, NJ 07052-2749
ActivitiesNon-exempt charitable trust described in section 4947(a)(1) of the Code
SubsectionCharitable Organization
Ruling Date10/1970
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2007
Assets$10,000,000 to $49,999,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$70,000,730
Amount of Income$126,192,112
Form 990 Revenue Amount$126,171,453
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Hospital, General


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Amount of income in 2007: $126,192,112
This organization: 

 $126,192,112
Other organizations performing similar types of work: 

 $17,721,162

Assets in 2007: $70,000,730
This organization: 

 $70,000,730
Other organizations performing similar types of work: 

 $15,703,352

Expenses in 2007: $124,680,289
Pascack Valley Hospital Association Inc: 

 $124,680,289
Other organizations performing similar types of work: 

 $16,206,641

Income to expenses ratio in 2007: 1.0
Pascack Valley Hospital Association Inc: 

 1.0
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 75.4%
This organization: 

 75.4%
Other organizations performing similar types of work: 

 86.7%

Number of employees in 2007: 956
This organization: 

 956
Other organizations performing similar types of work: 

 197

Employees paid over $50,000 in 2007: 0.0%
Pascack Valley Hospital Association Inc: 

 0.0%
Other organizations performing similar types of work: 

 28.5%

Grants share in income in 2007: 0.7%
This organization: 

 0.7%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20062007
Total revenue$132,613,967$126,171,453
Contributions, gifts, grants, and similar amounts received$900,179$900,000
Contributions to donor advised funds$0$0
Direct public support$0$0
Indirect public support$900,179$900,000
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$127,122,609$93,456,421
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$718,750$156,946
Dividends and interest from securities$0$0
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$2,155,322$3,579,341
Gross amount from sales of assets other than inventory$4,620,943$3,600,000
Less: cost or other basis and sales expenses$2,465,621$20,659
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$1,717,107$28,078,745
Total expenses$151,043,197$124,680,289
Program services$120,245,195$93,972,770
Management and general$30,698,002$30,707,519
Fundraising$0$0
Payments to affiliates$100,000$0
Net assets or fund balances at end of year$-6,967,711$0
Excess or (deficit) for the year$-18,429,230$1,491,164
Net assets or fund balances at beginning of year$10,143,821$-6,967,711
Other changes in net assets or fund balances$1,317,698$5,476,547
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$124,680,289$93,972,770$30,707,519$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$47,765,027$40,695,522$7,069,505$0
Pension plan contributions not included above$7,890,263$6,568,644$1,321,619$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$106,125$0$106,125$0
Legal fees$1,045,402$0$1,045,402$0
Supplies$9,779,365$9,725,543$53,822$0
Telephone$151,805$126,378$25,427$0
Postage and shipping$0$0$0$0
Occupancy$2,840,078$2,364,365$475,713$0
Equipment rental and maintenance$4,948,069$4,119,268$828,801$0
Printing and publications$272,280$226,673$45,607$0
Travel$3,841$3,198$643$0
Conferences, conventions, and meetings$6,912$5,754$1,158$0
Interest$6,368,859$0$6,368,859$0
Depreciation, depletion, etc.$7,815,276$6,506,218$1,309,058$0
Other expenses not covered above$35,686,987$23,631,207$12,055,780$0
Balance Sheets
20062007
Total assets$120,810,146$70,000,730
Cash - non-interest-bearing$2,838,444$3,550,126
Savings and temporary cash investments$827,794$0
Accounts receivable less allowance for doubtful accounts$20,868,024$2,435,513
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$1,680,552$0
Prepaid expenses and deferred charges$1,565,113$1,273,150
Investments - publicly-traded securities$0$0
Investments - other securities$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$0$0
Land, buildings, and equipment less accumulated depreciation$76,173,094$47,550,000
Other assets, including program-related investments$16,857,125$15,191,941
Total liabilities$127,777,857$70,000,730
Accounts payable and accrued expenses$40,727,248$0
Grants payable$0$0
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$80,940,368$65,388,840
Mortgages and other notes payable$107,412$0
Other liabilities$6,002,829$4,611,890
Total liabilities and net assets/fund balances$120,810,146$70,000,730
Total net assets or fund balances$-6,967,711$0
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20062007
Total revenue$132,613,967$126,171,453
Total revenue, gains, and other support per audited financial statements$132,613,967$150,315,504
Other expenses$0$24,144,051
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$24,144,051
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20062007
Total expenses$151,043,197$124,680,289
Total expenses and losses per audited financial statements$149,725,499$148,824,340
Other revenue$-1,317,698$24,144,051
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$-1,317,698$24,144,051
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings9
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?Yes
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006956
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$156,946$125,114,507
Program service revenue
Program service revenue 1000000$000$0$93,456,421
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$156,946$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$3,579,341
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$28,078,745
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
20052006
Total$0$0
Gifts, grants, and contributions received$0$0
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Valley Hospital Inc223 N Van Dien Ave, Ridgewood, NJ 07450-2726NJ1953-01$781,217,049
2St Josephs Healthcare System Inc, St Josephs Hospital & Med Center703 Main St, Paterson, NJ 07503-2621NJ2009-06$466,571,262
3St Lukes - St Vincents Healthcareinc4205 Belfort Rd Ste 4015, Jacksonville, FL 32216-3623FL1946-03$180,178,901
4Pascack Valley Hospital Association Inc347 Mt Pleasant Ave No 200, West Orange, NJ 07052-2749NJ1970-10$126,192,112
5Sharp Healthcare Foundation8695 Spectrum Center Blvd, San Diego, CA 92123-1489CA1980-07$27,646,995
6Tioga Medical CenterPO BOX 159, Tioga, ND 58852-0159ND1960-07$11,541,525
7San Gorgonio Pass Memorial Hospital District600 N Hglnd Spgs Ave, Banning, CA 92220-3090CA1985-03$10,551,951
8Northwestern Memorial Healthcare, Group251 E Huron 541 N Fairbanks, Chicago, IL 60611IL2011-06$1,885,329,845
9Advocate Health Care Network, Advocate Condell Medical Center3075 Highland Pkwy Fl 6, Downers Grove, IL 60515-5563IL1988-09$362,812,415
10Maury Regional Hospital, Dba Maury Regional Medical Center1224 Trotwood Ave, Columbia, TN 38401-4802TN2014-02$291,391,278
11Swedish EdmondsPO BOX 389672, Seattle, WA 98138-9672WA2013-07$214,497,152
12Orlando Health Central Inc10000 W Colonial Drive, Ocoee, FL 34761-3400FL2013-05$198,061,832
13Saint Michaels Medical Center Inc111 Central Ave, Newark, NJ 07102-1909NJ1946-03$192,270,708
14St Francis Physician Services Inc, Upstate Ob-Gyn GroupOne St Francis Drive, Greenville, SC 29601-3955SC2006-12$142,363,255
15Northern Monmouth County Medical Associates P C1200 Jumping Brook Rd Bldg 5 Ste 40, Neptune, NJ 07753-2634NJ2009-05$16,814,625
16Lourdes Cardiology Services Pc1600 Haddon Ave, Camden, NJ 08103-3101NJ2012-12$13,025,631
17Community Medical Center Foundation99 Hwy 37, Toms River, NJ 08755-6423NJ1985-05$7,332,290
18Meridian Pediatric Surgical Associates Pc1200 Jumping Brook Road Bldg 5 - Su, Neptune, NJ 07753-2634NJ2010-11$2,364,240
19Phillips Memorial HospitalPO BOX 217, Lambertville, NJ 08530-0217NJ1944-07$487,777
20St Joseph Healthcare System Inc, St Josephs Wayne Hospital Fndn Inc224 Hamburg Turnpike, Wayne, NJ 07470-2111NJ2009-06$0
Number of organizations performing similar types of work
Alaska1
Alabama5
Arkansas8
Arizona6
California42
Colorado11
Connecticut7
District of Columbia1
Delaware1
Florida25
Georgia14
Hawaii3
Iowa10
Idaho2
Illinois25
Indiana21
Kansas10
Kentucky8
Louisiana4
Massachusetts13
Maryland8
Maine7
Michigan15
Minnesota12
Missouri15
Mississippi14
Montana9
North Carolina23
North Dakota10
Nebraska10
New Jersey10
New Mexico2
Nevada4
New York36
Ohio13
Oklahoma10
Oregon11
Pennsylvania22
Rhode Island1
South Carolina6
South Dakota6
Tennessee8
Texas24
Utah4
Virginia13
Vermont4
Washington15
Wisconsin24
West Virginia6
Wyoming2
International5
Total566

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