Nonprofit · EIN 22-3814193
PALISADES MEDICAL ASSOCIATES LLC
Tax-exempt (reinstated) · ISELIN, NJ 08830
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $0 | $0 | $0 | $29,751,596 | $4,185 | $29,747,411 |
| December 31, 2023 | 990 | $22 | $0 | $22 | $29,791,193 | $2,965 | $29,788,228 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $29,791,193
- Total assets, end of year
- $29,751,596
- Total liabilities, end of year
- $4,185
- Net assets, end of year
- $29,747,411
- Net assets without donor restrictions
- $29,747,411
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- State of legal domicile
- NJ
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Daniel Varga | Chief Physician Executive Trustee or director, Officer | 2.5 | $0 | $3,076,319 | $291,140 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Daniel Varga | Chief Physician Executive Trustee or director, Officer | 2.5 | $0 | $1,890,919 | $55,669 |
Address and contacts
- Address (IRS master file)
- ONE WELLBROOK PL 7TH FL, ISELIN, NJ 08830-1559
- In care of
- % JOHN CALANDRIELLO FHFMA CP
- Principal officer (990 for 2024)
- DANIEL VARGA, 7600 RIVER ROAD, NORTH BERGEN, NJ 07047
- Signed the 990
- JAMES DEROSA, EVP-FINANCE
- Phone
- (551) 367-7160
Mission
THE COMPANY IS OPERATED EXCLUSIVELY FOR THE SOLE PURPOSE OF SUPPORTING AND FURTHERING THE CHARITBLE PURPOSE OF PROVIDING MEDICAL SERVICES TO THE PATIENTS OF HMH HOSPTIALS CORPORATION.
Program accomplishments
- PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES DIRECTLY TO PATIENTS THROUGH THE PHYSICIANS EMPLOYED BY THE CORPORATION. ALSO, PROVIDING ADMINISTRATIVE, SUPERVISORY, TEACHING, COVERAGE AND RESEARCH SERVICES TO HMH HOSPITALS CORPORATION; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, IN FURTHERANCE OF ITS PRIMARY TAX-EXEMPT PURPOSE IN PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, RELIGION OR ABILITY TO PAY. ACCORDINGLY, THE CORPORATION IS AN INTEGRAL PART OF HACKENSACK MERIDIAN HEALTH; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK.0
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 22-3814193
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Health care (E31)
- Assets (IRS master file)
- $29,751,596
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- May 30, 2015
- Reinstated
- Effective May 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $0 | $0 | $29,751,596 | IRS |
| 990 | December 2023 | $22 | $0 | $29,791,193 | XML |
| 990 | December 2022 | $20,140,744 | $20,140,744 | $40,366,215 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 22-3814193).
Questions about PALISADES MEDICAL ASSOCIATES LLC
- What is the EIN of PALISADES MEDICAL ASSOCIATES LLC?
- The employer identification number (EIN) of PALISADES MEDICAL ASSOCIATES LLC is 22-3814193.
- Is PALISADES MEDICAL ASSOCIATES LLC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2013.
- Are donations to PALISADES MEDICAL ASSOCIATES LLC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALISADES MEDICAL ASSOCIATES LLC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PALISADES MEDICAL ASSOCIATES LLC 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 PALISADES MEDICAL ASSOCIATES LLC 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 PALISADES MEDICAL ASSOCIATES LLC?
- The 990 for the year ended December 31, 2024 names DANIEL VARGA.
- Who are the officers and directors of PALISADES MEDICAL ASSOCIATES LLC?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does PALISADES MEDICAL ASSOCIATES LLC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $0 and total assets of $29,751,596 at year end.
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