Civic Intelligence

Gun Hill Mri PC

990 • Fiscal year 2017 • EIN 13-3734486

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 02, 2018

200 East Gun Hill RoadBronx, NY 10467-2159

(914) 349-8455

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.62x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

1.78x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

10th percentile

-26%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

97th percentile

$737,146

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

96th percentile

87%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

4.0%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$7,757,352

Up $3,615,697 (+87%) from 2016

Net Assets

Down

-$4,801,236

Down $1,807,437 (-60%) from 2016

Liabilities

Up

$12,558,588

Up $5,423,134 (+76%) from 2016

Revenue

Up

$7,057,864

Up $274,223 (+4.0%) from 2016

Expenses

Down

$8,865,301

Down $49,929 (-0.6%) from 2016

Net Income

Up

-$1,807,437

Up $324,152 (+15%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0M-$10MAssets 2010: $3,532,381Liabilities 2010: $3,293,487Net Assets 2010: $238,8942010Assets 2011: $3,615,252Liabilities 2011: $3,329,608Net Assets 2011: $285,6442011Assets 2012: $4,688,180Liabilities 2012: $4,350,724Net Assets 2012: $337,4562012Assets 2013: $4,946,214Liabilities 2013: $4,551,766Net Assets 2013: $394,4482013Assets 2014: $3,969,604Liabilities 2014: $3,527,606Net Assets 2014: $441,9982014Assets 2015: $3,595,005Liabilities 2015: $4,457,215Net Assets 2015: -$862,2102015Assets 2016: $4,141,655Liabilities 2016: $7,135,454Net Assets 2016: -$2,993,7992016Assets 2017: $7,757,352Liabilities 2017: $12,558,588Net Assets 2017: -$4,801,2362017Assets 2018: $8,489,891Liabilities 2018: $13,282,909Net Assets 2018: -$4,793,0182018Assets 2019: $5,394,613Liabilities 2019: $11,196,336Net Assets 2019: -$5,801,7232019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$7,757,352
Liabilities$12,558,588
Net Assets-$4,801,236

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2010: $10,478,670Expenses 2010: $10,362,986Net Income 2010: $115,6842010Revenue 2011: $10,036,754Expenses 2011: $9,990,004Net Income 2011: $46,7502011Revenue 2012: $8,894,916Expenses 2012: $8,843,104Net Income 2012: $51,8122012Revenue 2013: $9,001,479Expenses 2013: $8,944,487Net Income 2013: $56,9922013Revenue 2014: $9,804,455Expenses 2014: $9,756,905Net Income 2014: $47,5502014Revenue 2015: $6,701,456Expenses 2015: $8,005,664Net Income 2015: -$1,304,2082015Revenue 2016: $6,783,641Expenses 2016: $8,915,230Net Income 2016: -$2,131,5892016Revenue 2017: $7,057,864Expenses 2017: $8,865,301Net Income 2017: -$1,807,4372017Revenue 2018: $10,030,380Expenses 2018: $10,022,162Net Income 2018: $8,2182018Revenue 2019: $8,138,218Expenses 2019: $9,146,923Net Income 2019: -$1,008,7052019Revenue 2020: $975,604Expenses 2020: $1,831,021Net Income 2020: -$855,4172020

Highlighted filing

2017

Revenue$7,057,864
Expenses$8,865,301
Net Income-$1,807,437
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 2, 2018
Return Version
2017v2.3
Gross Receipts
$7,057,864
Mission and Program Overview

Mission

To enhance and further montefiore medical center's charitable purpose of providing the highest quality patient care and an array of specialized radiological services to heal, to teach, to discover and to advance the health of the communities we serve.

To enhance and further Montefiore Medical Center's charitable purpose of providing the highest quality patient care and an array of specialized radiological services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,382,278$5,885,566▲ $2,503,288
Savings and Temporary Cash Investments$732,821$1,854,907▲ $1,122,086
Prepaid Expenses and Deferred Charges$25,806$16,129▼ $9,677
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Cap Stk Tr Prin Current Funds$100$100→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-2,993,899$-4,801,336▼ $1,807,437
Total Assets$4,141,655$7,757,352▲ $3,615,697
Other Assets Total$650$650→ $0
Liabilities
Other Liabilities$6,995,253$12,428,417▲ $5,433,164
Accounts Payable and Accrued Expenses$140,201$130,171▼ $10,030
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$7,135,454$12,558,588▲ $5,423,134
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,993,799$-4,801,236▼ $1,807,437
Total Liabilities and Net Assets / Fund Balance$4,141,655$7,757,352▲ $3,615,697

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,647,608$4,278,005$6,925,613
Leasehold Improvements$3,237,958$2,850,069$6,088,027
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chibueze ObiPhysician AssistanceFT$96,558$94,208$190,766
Anthony CeraccheMRI TechnologistFT$112,473-$112,473
Lourdes VazquezMRI TechnologistFT$106,425-$106,425
Viridiana C Jean MarieMRI TechnologistFT$103,930-$103,930

Board Members and Trustees

NameTitle
Judy Yee MDPresident (Effective 9/15/17)
E Stephen Amis JR MDPresident (Resigned 9/15/17)

Highest Paid Contractors

ContractorServicesLocationCompensation
none---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,057,864
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,807,437
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,192,854
Salaries, Compensation, and Employee Benefits$1,672,447
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$4,574,976$0$0$4,574,976
Other Salaries and Wages$1,281,569$0$0$1,281,569
Office Expenses$979,785$9,159$0$988,944
Occupancy$462,668$0$0$462,668
Depreciation Depletion$439,310$0$0$439,310
Other Employee Benefits$390,878$0$0$390,878
Fees for Services Management$0$143,285$0$143,285
Other Expenses$4,805$3,324$0$8,129
Information Technology$3,778$0$0$3,778
Travel$2,355$0$0$2,355
Conferences and Meetings$205$0$0$205
Total Functional Expenses$8,419,533$445,768$0$8,865,301
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$12,428,417
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, SECTION A, LINE 7A

The Board of Trustees of Montefiore Medical Center, the parent company, has the authority to appoint the shareholder(s) of Gun Hill MRI, P.C.

Form 990, Part VI, SECTION A, LINE 7B

The Board of Trustees of Montefiore Medical Center, the parent company, has the authority to approve the operating and capital budgets of Gun Hill MRI, P.C.

Form 990 Part VI, SECTION B, LINE 11B

THE FORM 990 WAS PREPARED BY MONTEFIORE MEDICAL CENTER'S FINANCE DEPARTMENT. THE FORM 990 WAS REVIEWED AND APPROVED BY MONTEFIORE MEDICAL CENTER'S VICE PRESIDENT - Finance. AN INDEPENDENT PUBLIC ACCOUNTING FIRM WAS ENGAGED TO REVIEW THE FORM 990. UPON COMPLETION OF THE VARIOUS REVIEWS, THE FINAL FORM 990 WAS PRESENTED TO THE SOLE NOMINEE SHAREHOLDER FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING.

Form 990, Part VI, SECTION B, LINE 12C

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by means of a survey that was developed by montefiore's counsel. Gun hill mri, p.c.'s president and sole shareholder adopted the policy of montefiore medical center. The policy comports to federal and state conflict of interest requirements. The general approach when a potential conflict of interest arises is to disclose the possible conflict to the compliance officer. The compliance officer will make every effort to provide guidance to permit resolution of any actual or potential conflict of interest. The compliance officer will take appropriate actions, including advising gun hill mri, p.c.'s sole shareholder regarding particular conflict of interest.

Form 990, Part VI, Section C, Line 19

The conflict of interest policy, governing documents, and montefiore medical center's audited consolidated financial statements, inclusive of gun hill mri, p.c., are available on request.

Filing and Contact Details

Filer

Filer Name
Gun Hill Mri Pc
EIN
13-3734486
In Care Of
% EVAN RESNICK
Phone
9143498455
Address
200 EAST GUN HILL ROAD, BRONX, NY 10467-2159

Signing Officer

Name
Judy Yee Md
Title
President
Phone
9143498455
Signed
2018-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judy Yee Md
Formed
1993
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
0
Employees
21
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
5 TIMES SQUARE, NEW YORK, NY 10036
Preparer
Christopher B Boggs
Phone
2127733000
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

All employees are paid by Montefiore Medical Center, EIN 13-1740114, the Common Paymaster. Montefiore Medical Center issues all Forms W-2 and files all federal employment tax returns relating to these individuals. Salaries are allocated to Gun Hill MRI,P.C. based on the individuals employed at this organization. Form 990, Part VI, Section A, Line 6 Judy Yee, M.D., who replaced E. Stephen Amis Jr., M.D. in September of 2017, is the sole Nominee Shareholder of Gun Hill MRI, P.C. and also serves as the Chairman of the Radiology Department of Montefiore Medical Center, a 501(c)(3) Corporation.

Form 990, Part IX, Lines 8, 9 & 10

Concerning Employee Benefits Allocation: Montefiore Medical Center is the Common Paymaster for Gun Hill MRI, PC. All payroll taxes and employee benefits are paid by Montefiore Medical Center and allocated back to the organization based on a composite rate of salaries for all benefit costs. The organization's assessment for employee benefits is reflected on line 9, Other Employees Benefits, of Part IX that includes cost for both pension and payroll taxes.

Form 990 Part IX Line 11G

Description:purchased physician's services total fees:4574976

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