Civic Intelligence

Gun Hill Mri PC

990 • Fiscal year 2019 • EIN 13-3734486

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 08, 2020

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

99th percentile

2.08x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

1.38x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

17th percentile

-12%

Higher net margin than 17% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

98th percentile

$885,846

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

2nd percentile

-36%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

15th percentile

-19%

Faster revenue growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$5,394,613

Down $3,095,278 (-36%) from 2018

Net Assets

Down

-$5,801,723

Down $1,008,705 (-21%) from 2018

Liabilities

Down

$11,196,336

Down $2,086,573 (-16%) from 2018

Revenue

Down

$8,138,218

Down $1,892,162 (-19%) from 2018

Expenses

Down

$9,146,923

Down $875,239 (-8.7%) from 2018

Net Income

Down

-$1,008,705

Down $1,016,923 (-12374%) from 2018

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

2019

Assets$5,394,613
Liabilities$11,196,336
Net Assets-$5,801,723

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

2019

Revenue$8,138,218
Expenses$9,146,923
Net Income-$1,008,705
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 8, 2020
Return Version
2019v5.1
Gross Receipts
$8,138,218
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$5,594,349$5,257,062▼ $337,287
Savings and Temporary Cash Investments$2,883,428$131,888▼ $2,751,540
Prepaid Expenses and Deferred Charges$6,452$0▼ $6,452
Accounts Receivable$4,912$4,913▲ $1
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Cap Stk Tr Prin Current Funds$100$100→ $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→ $0
Rtn Earn Endowment Incm Other Fnds$-4,793,118$-5,801,823▼ $1,008,705
Total Assets$8,489,891$5,394,613▼ $3,095,278
Other Assets Total$650$650→ $0
Liabilities
Other Liabilities$13,198,765$11,106,115▼ $2,092,650
Accounts Payable and Accrued Expenses$84,144$90,221▲ $6,077
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$13,282,909$11,196,336▼ $2,086,573
Net Assets / Fund Balance
Total Net Assets Fund Balance$-4,793,018$-5,801,723▼ $1,008,705
Total Liabilities and Net Assets / Fund Balance$8,489,891$5,394,613▼ $3,095,278

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,546,399$4,384,226$6,930,625
Leasehold Improvements$2,710,663$3,422,139$6,132,802
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chibueze ObiPhysician AssistanceFT$104,501$93,975$198,476
Jennifer PersaudPhysician AssistanceFT$133,247$25,956$159,203
Samuel GharteyMRI TechnologistFT$121,494-$121,494
Nelson Gonzalez MatosMRI TechnologistFT$116,506-$116,506
Lourdes VazquezMRI TechnologistFT$105,026-$105,026

Board Members and Trustees

NameTitle
Judy Yee MDPresident

Highest Paid Contractors

ContractorServicesLocationCompensation
none---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,138,205
Investment Income
$13
Other Revenue
$0
Change in Net Assets
$-1,008,705
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,170,210
Salaries, Compensation, and Employee Benefits$1,976,713
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$1,514,723$0$0$1,514,723
Office Expenses$886,994$386$0$887,380
Occupancy$549,342$0$0$549,342
Other Employee Benefits$461,990$0$0$461,990
Depreciation Depletion$337,287$0$0$337,287
Fees for Services Management$0$145,434$0$145,434
Other Expenses$1,165$14,228$0$15,393
Insurance$8,527$0$0$8,527
Travel$5,667$0$0$5,667
Information Technology$4,281$0$0$4,281
Total Functional Expenses$8,696,875$450,048$0$9,146,923
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$11,106,115
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
2020-10-08
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
17
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
5 TIMES SQUARE, NEW YORK, NY 10036
Preparer
Nicole M Sokolowski
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. 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 services total fees:4574976

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IRS990/Desc0Gun Hill MRI, PC is a supporting organization of Montefiore Medical Center offering seamless delivery of a full range of advanced diagnostic imaging technology in furtherance of the Medical Center's mission to advance the health of the communities it serves. Gunhill MRI, PC, part of the Montefiore Health System, provides Magnetic resonance imaging (MRI) services to the Montefiore community. Magnetic resonance imaging is a procedure that uses strong magnet and radio waves to provide clear and detailed diagnostic images of internal body organs and tissues and is a valuable tool for the diagnostic of a broad range of medical conditions, including cancer, heart and vascular diseases, stroke and joint and musculoskeletal disorders. Gun Hill MRI is patient-centered and committed to providing the highest levels of quality, safety and patient comfort. We offer state-of-the-art technology and compassionate treatment at every level. Our team works with colleagues throughout Montefiore Health System to develop innovative and multidisciplinary approaches to patient care.
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