Civic Intelligence

Columbiadoctorsnewyork-Presbyterian Imaging

EIN 47-5254724 • 501(c)3 • New York, NY

Profile

Columbiadoctors/newyork-presbyterian imaging ("cdnypi") is to provide outstanding clinical care through expertise in medical imaging and interpretation, through innovation and advances in imaging research. Cdnypi is a new york not-for-profit corporation organized exclusively for scientific, educational and charitable purposes within the meaning of irc section 501(c)(3). In this regard, its purpose is to provide better care for the sick and investigate their problems through radiological services, cdnypi fosters a perpetual spirit of inquiry, leading to outstanding evidence-based health care. Cdnypi engages in the operation of a diagnostic and treatment center, specializing in the provision of outpatient radiologic and related imaging services as permitted under article 28 of the public health law of the state of new york. The primary exempt purpose of cdnypi is to operate an outpatient radiology imaging center which provides radiological diagnostic services within a facility dedicated

51 West 51st Street 300 - 301New York, NY 10019

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

28th percentile

0.26x

Higher debt load relative to assets than 28% of similar nonprofits.

NTEE E • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.42x

Higher debt load relative to revenue than 56% of similar nonprofits.

NTEE E • $100M-$250M nonprofits • Source year 2024

Net Margin

88th percentile

24%

Higher net margin than 88% of similar nonprofits.

NTEE E • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

3rd percentile

$0

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE E • $100M-$250M nonprofits • Source year 2024

Asset Growth

87th percentile

25%

Faster asset growth than 87% of similar nonprofits.

NTEE E • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

8.0%

Faster revenue growth than 44% of similar nonprofits.

NTEE E • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$116,291,519

Up $39,736,541 (+52%) from 2022

Liabilities

Up

$30,022,518

Up $4,209,325 (+16%) from 2022

Net Assets

Up

$86,269,001

Up $35,527,216 (+70%) from 2022

Revenue

Up

$70,769,089

Up $11,753,294 (+20%) from 2022

Expenses

Up

$53,742,118

Up $8,532,957 (+19%) from 2022

Net Income

Up

$17,026,971

Up $3,220,337 (+23%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2018: $31,506,023Liabilities 2018: $18,853,989Net Assets 2018: $12,652,0342018Assets 2020: $39,380,510Liabilities 2020: $20,193,486Net Assets 2020: $19,187,0242020Assets 2021: $48,011,662Liabilities 2021: $11,076,511Net Assets 2021: $36,935,1512021Assets 2022: $76,554,978Liabilities 2022: $25,813,193Net Assets 2022: $50,741,7852022Assets 2024: $116,291,519Liabilities 2024: $30,022,518Net Assets 2024: $86,269,0012024

Highlighted filing

2024

Assets$116,291,519
Liabilities$30,022,518
Net Assets$86,269,001

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0Revenue 2018: $36,098,388Expenses 2018: $25,689,596Net Income 2018: $10,408,7922018Revenue 2020: $41,147,931Expenses 2020: $38,422,354Net Income 2020: $2,725,5772020Revenue 2021: $60,111,009Expenses 2021: $42,362,882Net Income 2021: $17,748,1272021Revenue 2022: $59,015,795Expenses 2022: $45,209,161Net Income 2022: $13,806,6342022Revenue 2024: $70,769,089Expenses 2024: $53,742,118Net Income 2024: $17,026,9712024

Highlighted filing

2024

Revenue$70,769,089
Expenses$53,742,118
Net Income$17,026,971

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$59,015,795
Mission and Program Overview

Mission

Columbiadoctors/newyork-presbyterian imaging ("cdnypi") is to provide outstanding clinical care through expertise in medical imaging and interpretation, through innovation and advances in imaging research. Cdnypi is a new york not-for-profit corporation organized exclusively for scientific, educational and charitable purposes within the meaning of irc section 501(c)(3). In this regard, its purpose is to provide better care for the sick and investigate their problems through radiological services, cdnypi fosters a perpetual spirit of inquiry, leading to outstanding evidence-based health care. Cdnypi engages in the operation of a diagnostic and treatment center, specializing in the provision of outpatient radiologic and related imaging services as permitted under article 28 of the public health law of the state of new york. The primary exempt purpose of cdnypi is to operate an outpatient radiology imaging center which provides radiological diagnostic services within a facility dedicated

Provide outstanding clinical care through expertise in medical imaging and interpretation, through innovation and advances in imaging research

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$29,533,028$42,431,479▲ $12,898,451
Land, Buildings, and Equipment, Net$12,742,408$12,786,587▲ $44,179
Accounts Receivable$5,646,232$5,346,181▼ $300,051
Prepaid Expenses and Deferred Charges$89,994$122,585▲ $32,591
Savings and Temporary Cash Investments$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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$48,011,662$76,554,978▲ $28,543,316
Other Assets Total$0$15,868,146▲ $15,868,146
Liabilities
Unsecured Notes Loans Payable$4,554,270$20,954,632▲ $16,400,362
Accounts Payable and Accrued Expenses$3,998,474$2,751,344▼ $1,247,130
Deferred Revenue$2,523,767$2,107,217▼ $416,550
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$11,076,511$25,813,193▲ $14,736,682
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$36,935,151$50,741,785▲ $13,806,634
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$36,935,151$50,741,785▲ $13,806,634
Total Liabilities and Net Assets / Fund Balance$48,011,662$76,554,978▲ $28,543,316

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$8,397,750$7,346,134$15,743,884
Equipment$2,476,246$2,648,550$5,124,796
Other Land Buildings$1,912,591-$1,912,591
Other Assets Org$15,868,146--
Compensation and Service Providers

Board Members and Trustees

NameTitle
William P MckoyAudit Chair & Board Member
Donna Lynne DrphChair & Board Member
Michael P Breslin CPATreasurer,fin Chair & Brd Mbr
Lawrence H Schwartz MdPresident
Paul J Dunphey MbaVice Chair & Board Member
Karen Westervelt MhcdsBoard Member
Marc Brown MdMedical Director & Compliance Offr
John V Campano EsqAssistant Secretary
Melissa E Welch EsqAssistant Secretary
Mary Braunsdorf EsqSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Columbia UniversityPhysician/admin Svs630 W 168TH STREET, New York, NY 10032$41,106,577
Newyork-presbyterian HospitalAdministrative Svs525 E 68TH STREET, New York, NY 10065$1,073,184
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$59,015,795
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$13,806,634

Audited Revenue Reconciliation

Revenue per Audited Statements
$59,015,795
Total Revenue per Audited Statements
$59,015,795
Total Revenue per Form 990
$59,015,795
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$45,209,161
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$17,647,772$1,036,716$0$18,684,488
Occupancy$4,122,466$442,371-$4,564,837
Depreciation Depletion$971,824$1,577,302-$2,549,126
Fees for Services Management$296,026$360,019-$656,045
Insurance-$285,306-$285,306
Interest$54,023--$54,023
Other Expenses$617,955$37,162-$37,162
Total Functional Expenses$29,295,444$15,913,717$0$45,209,161

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$45,209,161
Total Expenses per Audited Statements$45,209,161
Total Expenses per Form 990$45,209,161
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
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 - Members

Cdnypi has two members: nyp programs, inc. ("nypi"), a new york not-for-profit corporation which, in turn, has new york presbyterian foundation, inc. ("foundation"), a new york not-for-profit corporation and an organization described in sections 501(c)(3) and 509(a)(1) of the internal revenue code of 1986, as amended (the "code"), as its sole and single member, and columbia radiology, inc. ("cri"), a new york not-for-profit corporation which, in turn, has columbia university, a new york corporation chartered by special act of the new york state legislature and an organization described in sections 501(c)(3) and 509(a)(1) of the code, as its sole and single member.

Form 990, Part VI, Line 7A - Election of the Governing Body

Cdnypi's members, nyp programs, inc. And columbia radiology, inc., each appoint three members of the board of directors.

Form 990, Part VI, Line 7B - Powers of Members

Cdnypi's members shall have the exclusive authority to take any of the following actions: (a) approval of operating and capital budgets in advance of each upcoming fiscal year, following approval of the budgets by the board of directors; (b) approval of any borrowings, following approval by the board of directors; (c) approval of any contracts for the management of the corporation, following approval by the board of directors; (d) approval of any contracts for the provision of physician services to the corporation or at the corporation's business locations, following approval by the board of directors; (e) selling substantially all of the corporation's assets, or merging or consolidating the corporation into or with any other corporation, partnership, limited liability company or similar entity; (f) selling or transferring any real property held by the corporation to a third party; (g) acquiring the stock of, or membership interests in, or substantially all the assets of, another corporation, partnership, limited liability company or similar entity, or otherwise investing in such entity; (h) converting the corporation to a for-profit or non-tax-exempt entity; (i) subject to article 8 of the bylaws, creating any new class or classes of members, or admitting any new members, whether by approving the transfer, assignment or sale of a member's interest in the corporation or otherwise; (j) entering into a new line of business or discontinuing an existing line of business; (k) changing the legal name of the corporation, or adding, removing or modifying any fictitious name; (l) amending, modifying or repealing any part of the certificate of incorporation or the bylaws; or (m) liquidating or dissolving the corporation, or winding up the corporation's affairs.

Form 990, Part VI, Line 11B - Review Process for Form 990

The form 990 was reviewed by directors of the organization.

Form 990, Part VI, Line 12C - Conflict of Interest Policy

Pursuant to the policy, officers, directors and key employees are required to complete an annual disclosure form of conflicts of interest. The annual forms are reviewed by cdnypi's compliance officer. Moreover, any actual or potential conflicts must be promptly disclosed to the compliance officer of cdnypi.

Form 990, Part VI, Line 15A & 15B - Compensation Policy

Cdnypi does not compensate its president, officers, or any other key persons.

Form 990, Part VI, Line 19 - Documents Availability to Public

These documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Columbiadoctorsnewyork-presbyterian Imaging
EIN
47-5254724
In Care Of
% TING SHI
Phone
2122974350
Address
51 WEST 51ST STREET 300 - 301, NEW YORK, NY 10019

Signing Officer

Name
William Mckoy
Title
Treasurer
Phone
2123425787
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lawrence H Schwartz Md
Formed
2015
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
PwC US Tax LLP
Address
2001 MARKET ST SUITE 1800, PHILADELPHIA, PA 19103
Preparer
Eric M Mcneil
Phone
2673303000
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:leased employee expenses total fees:10576883

Form 990 Part IX Line 11G

Description:medical service agreement total fees:7034421

Form 990 Part IX Line 11G

Description:quality & other support total fees:1073184

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