Nonprofit · EIN 13-1974191
BRONXCARE HEALTH SYSTEM
Tax-exempt · BRONX, NY 10456
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,054,193,847 | $1,018,813,023 | $35,380,824 | $1,029,428,560 | $527,692,522 | $501,736,038 |
| December 31, 2023 | 990 | $950,080,223 | $927,923,862 | $22,156,361 | $971,494,559 | $560,597,996 | $410,896,563 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $16,548,104
- of which government grants
- $14,742,347
- Program service revenue
- $1,022,320,727
- Investment income
- $15,325,016
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $6,141,689
- Other salaries and wages
- $449,701,382
- Salaries, compensation and benefits (total)
- $612,156,918
- Professional fundraising fees
- $0
- Legal fees
- $3,091,687
- Accounting fees
- $208,645
- Occupancy
- $40,412,045
- Depreciation
- $20,885,759
- Program services (functional)
- $872,260,542
- Management and general (functional)
- $146,534,006
- Fundraising (functional)
- $18,475
Balance sheet and other
- Total assets, start of year
- $971,494,559
- Total assets, end of year
- $1,029,428,560
- Total liabilities, end of year
- $527,692,522
- Net assets, end of year
- $501,736,038
- Land, buildings and equipment
- $158,448,717
- Net assets without donor restrictions
- $497,717,073
- Net assets with donor restrictions
- $4,018,965
- Gross receipts
- $1,054,193,847
- Employees
- 4,571
- Volunteers
- 211
- Year formed
- 1964
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MR MIGUEL A FUENTES JR | PRESIDENT AND CEO Trustee or director, Officer | 40 | $2,320,314 | $72,339 |
| DR MAGDY MIKHAIL | CHAIRMAN-OB/GYN & CMO Highest-paid employee | 40 | $1,390,930 | $70,327 |
| MR VICTOR G DEMARCO | SENIOR VICE PRESIDENT/CFO Officer | 40 | $1,078,573 | $73,281 |
| DR RAMESH BABU | ASSOCIATE DIR, NEUROSURGERY Highest-paid employee | 40 | $1,040,467 | $72,636 |
| DR ALAADDIN SHARHA | PHYSICIAN-PSYCHIATRY Highest-paid employee | 40 | $928,691 | $66,369 |
| DR ROBERT FAVELUKES | CHAIRMAN-EMERGENCY DEPARTMENT Highest-paid employee | 40 | $902,695 | $82,893 |
| DR IRA KIRSCHENBAUM | CHAIRMAN-ORTHOPEDICS Highest-paid employee | 40 | $901,508 | $70,356 |
| MR HIRAM TORRES | VICE PRESIDENT-OPERATIONS Key employee | 40 | $577,476 | $80,283 |
| MR ROBERT SANCHO | VP - EXTERNAL AFFAIRS Key employee | 40 | $549,266 | $71,264 |
| MS ERICA DUSSELDORP | VICE PRESIDENT - NURSING Key employee | 40 | $477,176 | $61,692 |
| MR JON HUGHES | VP - REVENUE CYCLE MGMT Key employee | 40 | $352,814 | $67,194 |
| MS PATRICIA CAHILL | VICE PRESIDENT-NURSING Key employee | 40 | $324,268 | $35,749 |
| MR FREDRICK GILBERT | CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| MR JOHN R COLON | ASSISTANT SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MS CRISTINA TOOSIE | VICE CHAIRPERSON/SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MS MILAGROS BAEZ O'TOOLE | ASSISTANT SECRETARY Trustee or director, Officer | 2 | $0 |
| MS RITA DIMARTINO | ASSISTANT SECRETARY Trustee or director, Officer | 3 | $0 |
| MR RICARDO FERNANDEZ PHD | BOARD MEMBER Trustee or director | 2 | $0 |
| MR STEVEN LANDGRABER | BOARD MEMBER Trustee or director | 2 | $0 |
| MR WILLIAM AGUADO | BOARD MEMBER Trustee or director | 2 | $0 |
| MS BARBARA A LOWE RN MPH | BOARD MEMBER Trustee or director | 2 | $0 |
| MS HAYDEE MORALES | BOARD MEMBER Trustee or director | 2 | $0 |
| MS LILLIAN HERANDEZ | BOARD MEMBER Trustee or director | 2 | $0 |
| MS SOBEIDA CRUZ | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MR MIGUEL A FUENTES JR | PRESIDENT AND CEO Trustee or director, Officer | 40 | $2,309,674 | $64,433 |
| DR MAGDY MIKHAIL | CHAIRMAN-OB/GYN & CMO Highest-paid employee | 40 | $1,349,307 | $63,251 |
| DR RAMESH BABU | ASSOCIATE DIR, NEUROSURGERY Highest-paid employee | 40 | $1,267,556 | $59,339 |
| MR VICTOR G DEMARCO | SENIOR VICE PRESIDENT/CFO Officer | 40 | $1,079,583 | $65,626 |
| DR SINDHAGHATTA VENKATRAM | DIRECTOR-GRADUATE MEDICAL EDUC Highest-paid employee | 40 | $910,552 | $72,199 |
| DR GILDA DIAZ-FUENTES | PHYSICIAN-PULMONARY Highest-paid employee | 40 | $911,151 | $65,899 |
| DR IRA KIRSCHENBAUM | CHAIRMAN-ORTHOPEDICS Highest-paid employee | 40 | $880,599 | $63,355 |
| MR HIRAM TORRES | VICE PRESIDENT-OPERATIONS Key employee | 40 | $578,668 | $71,185 |
| MR ROBERT SANCHO | VP - EXTERNAL AFFAIRS Key employee | 40 | $566,488 | $63,665 |
| MS PATRICIA CAHILL | VICE PRESIDENT-NURSING Key employee | 40 | $417,873 | $45,174 |
| MS ERICA DUSSELDORP | VICE PRESIDENT - NURSING Key employee | 40 | $382,988 | $47,408 |
| MR JON HUGHES | VP - REVENUE CYCLE MGMT Key employee | 40 | $354,006 | $54,650 |
| MR OCTAVIO MARIN | VP - LONG TERM CARE Former | 0 | $133,269 | $28,579 |
| MR FREDRICK GILBERT | ASSISTANT SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MR JOHN R COLON | CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| MS CRISTINA TOOSIE | VICE CHAIRPERSON/SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| MS MILAGROS BAEZ O'TOOLE | ASSISTANT SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MS RITA DIMARTINO | ASSISTANT SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| MR DAVID GOMEZ EDD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MR RICARDO FERNANDEZ PHD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MR STEVEN LANDGRABER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MR WILLIAM AGUADO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MS BARBARA A LOWE RN MPH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MS LILLIAN HERANDEZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MS SOBEIDA CRUZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1276 FULTON AVE, BRONX, NY 10456-3467
- In care of
- % VICTOR DEMARCO
- Principal officer (990 for 2024)
- VICTOR G DEMARCO, 1276 FULTON AVENUE, BRONX, NY 10456
- Signed the 990
- Victor Demarco, SVP & CFO
- Phone
- (718) 901-8600
- Website
- WWW.BRONXCARE.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
See Schedule O
Program accomplishments
- THE HOSPITAL CENTER IS THE CENTERPIECE OF THE BRONXCARE HEALTH SYSTEM, WHICH IS THE LARGEST VOLUNTARY, NOT-FOR-PROFIT HEALTH CARE SYSTEM SERVING THE SOUTH AND CENTRAL BRONX. THE HOSPITAL CENTER HAS 619 BEDS AT TWO MAJOR HOSPITAL DIVISIONS; A MAJOR PSYCHIATRIC FACILITY; AND AN EXTENSIVE BRONXCARE NETWORK OF MEDICAL PRACTICES, AS WELL AS A 240 BED SKILLED NURSING HOME FACILITY.Expenses $872,260,542 · revenue $1,022,320,727
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-1974191
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $1,029,428,560
- Income (IRS master file)
- $1,054,193,847
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,054,193,847 | $1,018,813,023 | $1,029,428,560 | IRS |
| 990 | December 2023 | $950,080,223 | $927,923,862 | $971,494,559 | XML |
| 990 | December 2022 | $950,981,700 | $877,213,112 | $919,250,370 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-1974191).
Questions about BRONXCARE HEALTH SYSTEM
- What is the EIN of BRONXCARE HEALTH SYSTEM?
- The employer identification number (EIN) of BRONXCARE HEALTH SYSTEM is 13-1974191.
- Is BRONXCARE HEALTH SYSTEM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1941.
- Are donations to BRONXCARE HEALTH SYSTEM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRONXCARE HEALTH SYSTEM file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BRONXCARE HEALTH SYSTEM due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BRONXCARE HEALTH SYSTEM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BRONXCARE HEALTH SYSTEM?
- The 990 for the year ended December 31, 2024 names VICTOR G DEMARCO.
- Who are the officers and directors of BRONXCARE HEALTH SYSTEM?
- The 990 for the year ended December 31, 2024 lists 24 people; 12 received compensation from the organization, the highest $2,320,314 (MR MIGUEL A FUENTES JR, PRESIDENT AND CEO).
- How much revenue does BRONXCARE HEALTH SYSTEM have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,054,193,847, expenses of $1,018,813,023 and total assets of $1,029,428,560 at year end.
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