2024-11-12T12:13:39-06:00 2023-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2023-01-01 131624169 THE FLOATING HOSPITAL INC FLOA 7187842240 21-01 41ST AVENUE LONG ISLAND CITY NY 11101 SEAN T GRANAHAN PRESIDENT & GENERAL COUNSEL 7187842240 2024-11-15 1 1 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2024-11-11 2023 2024-10-15 13:58:12Z SEAN T GRANAHAN 21-01 41ST AVENUE LONG ISLAND CITY NY 11101 32401064 0 X WWW.THEFLOATINGHOSPITAL.ORG X 1866 NY THE HOSPITAL IS A FREE STANDING DIAGNOSTIC AND TREATMENT CENTER, LICENSED UNDER ARTICLE 28 AND ARTICLE 31 OF THE NYS HEALTH LAW, LOCATED IN LONG ISLAND CITY, NY. THE HOSPITAL PROVIDES A BROAD RANGE OF PRIMARY HEALTH CARE SERVICES TO A LARGELY MEDICALLY UNDERSERVED POPULATION. THF IS ALSO A FEDERALLY QUALIFIED HEALTH CENTER WITH ALL THREE URBAN DESIGNATIONS UNDER SECTION 330. 13 13 286 14 516917 0 16684776 15911991 13452121 16401589 96262 70302 38840 17182 30271999 32401064 0 0 0 0 19071668 18937170 0 0 0 11066694 12150596 30138362 31087766 133637 1313298 15495678 16206358 7146458 6543840 8349220 9662518 X THE HOSPITAL IS A FREE STANDING DIAGNOSTIC AND TREATMENT CENTER LICENSED UNDER ARTICLE 28 AND ARTICLE 31 OF THE NYS HEALTH LAW LOCATED IN LONG ISLAND CITY, NY. THE HOSPITAL PROVIDES A BROAD RANGE OF PRIMARY HEALTH CARE SERVICES TO A LARGELY MEDICALLY UNDERSERVED POPULATION. TFH IS ALSO A FEDERALLY QUALIFIED HEALTH CENTER WITH ALL THREE URBAN DESIGNATIONS UNDER SECTION 330. 0 0 10768461 7950927 HOMELESS PROGRAM - TFH IS A FEDERALLY QUALIFIED HEALTH CENTER, AND HAS HISTORICALLY SERVED NYC'S MOST UNDERSERVED POPULATIONS. THAT POPULATION TODAY IS HOMELESS FAMILIES, UNDER 42 USC SECTION 330 (H). TFH PROVIDES EXTENSIVE HEALTH CARE SERVICES TO THESE INDIVIDUALS REGARDLESS OF ABILITY TO PAY. IN ADDITION, IT PROVIDES NON-MEDICAID REIMBURSED SERVICES SUCH AS HEALTH EDUCATION AT NO COST TO ANY PATIENT. 10768461 7950927 COMMUNITY AND PUBLIC HOUSING PROGRAM - TFH ALSO FUNCTIONS AS A FEDERALLY QUALIFIED HEALTH CENTER TO THE NORTHWEST QUEENS COMMUNITY AND PROVIDES PRIMARY HEALTH CARE SERVICES TO THE UNDERSERVED OF THAT COMMUNITY AS WELL AS THE QUEENSBRIDGE AND RAVENSWOOD HOUSES, THE LARGEST PUBLIC HOUSING PROJECTS IN THE UNITED STATES. IT FOLLOWS THE SAME FORMULA AS ITS HOMELESS FAMILIES PROGRAM, PROVIDING PRIMARY HEALTHCARE SERVICES REGARDLESS OF ABILITY TO PAY, UNDER 42USC SECTION 330 (E) AND (I) 5854840 ACS MEDICAL AND DENTAL PROGRAM - TFH IS THE MEDICAL PROVIDER TO THE NYC ADMINISTRATION FOR CHILDREN'S SERVICES, WHICH HANDLES ALL ASPECTS OF YOUTH UNASSOCIATED WITH A SPECIFIC HOME LIFE AT A PARTICULAR TIME, I.E., FOSTER CHILDREN (BOTH TEMPORARY AND PERMANENT), DETAINED YOUTH, ETC. TFH PROVIDES HEALTH CARE AND HEALTH EDUCATION TO THIS MEDICALLY FRAGILE AND INNER-CITY AT-RISK POPULATION AT SITES IN THE BRONX AND BROOKLYN. 27391762 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 13 0 1 286 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 NY X X GLORIA CARNEY JACKSON 7187842240 950 THIRD AVENUE 20TH FL NEW YORK NY 10022 ALLISON SOKARIS TRUSTEE 1.00 X 0 0 0 ANTHONY BROWNIE SECRETARY 1.00 1.00 X X 0 0 0 BARBARA LINDER TRUSTEE 1.00 X 0 0 0 CAROL JACKSON TRUSTEE 1.00 X 0 0 0 DAVID KOCHANOWSKY TRUSTEE 1.00 X 0 0 0 DOMINICK DELORENZO CHAIR OF BOARD OF TRUSTEES 1.00 1.00 X X 0 0 0 EVELYN LORD TRUSTEE 1.00 X 0 0 0 HAYWARD GILL TRUSTEE 1.00 X 0 0 0 KHADIJAH WATKINS TRUSTEE 1.00 X 0 0 0 MADELINE NAEGLE TRUSTEE 1.00 X 0 0 0 MICHAEL GEORGE TRUSTEE 1.00 X 0 0 0 PRISCILLA BAYLEY TRUSTEE 1.00 X 0 0 0 REGINA JASLOW VICE CHAIR & TREASURER 1.00 1.00 X X 0 0 0 GLORIA CARNEY JACKSON EXECUTIVE VICE PRESIDENT OF FINANCE 30.00 5.00 X 175797 0 14865 SEAN T GRANAHAN PRESIDENT/GENERAL COUNSEL 30.00 5.00 X 211550 0 28655 SHANI ANDRE MD EXCEUTIVE VICE PRESIDENT CLINICAL ADMIN 35.00 X 322700 0 23650 JANICE CRISTOBAL PHYSICIAN 35.00 X 199577 0 10849 KAREN MYRIE MEDICAL DIRECTOR-ACS 35.00 X 197021 0 19695 KIM HENEGHAN PHYSCIAN ASSISTANT 35.00 X 195683 0 19660 MARK SETHNA MEDICAL DIRECTOR 35.00 X 210071 0 20863 SHARI POTTER PHYSICIAN ASSISTANT 35.00 X 196735 0 38546 1709134 0 176783 41 0 1 0 0 14798920 1113071 1465955 15911991 MEDICAID 621400 11698962 11698962 PHARMACY REVENUE 621400 2144759 1627842 516917 NYRX REINVESTMENT PAYMENT 621400 825000 825000 NYS UNCOMPENSATED CARE 621400 711012 711012 OTHER THIRD PARTY 621400 539783 539783 482073 482073 16401589 69402 69402 900 0 900 900 900 MEDICAL RECORDS 900099 4473 4473 12709 12709 17182 32401064 15901854 516917 70302 777217 681953 95264 13983786 12235949 1747837 366764 331193 35571 999398 902470 96928 2810005 2537472 272533 79233 4970 74263 171304 31000 140304 48000 48000 2758624 2568952 189672 12245 10157 2088 229745 185056 44689 960501 399320 561181 163127 156201 6926 40665 13700 26965 85258 85258 454264 408838 45426 924476 844007 80469 CONSUMABLE SUPPLIES 4799881 4784515 15366 REPAIRS AND MAINTENANCE 721611 602208 119403 DATA PROCESSING 189153 159888 29265 EQUIPMENTAL RENTAL 110043 86012 24031 402466 314643 87823 31087766 27391762 3696004 0 515850 615300 17231 17826 288033 936074 2827025 3020291 4971400 4971400 257760 268454 34161 86285 6762118 4764254 1347119 1997864 16856 16856 2076493 1844017 3143750 2431991 15495678 16206358 3471892 2231979 29560 1256060 1380651 549583 2264355 2506218 7146458 6543840 X 7381626 9559706 967594 102812 8349220 9662518 15495678 16206358 1313298 0 X 0 1 X 1 1 1 X 11525458 16175380 18672429 16684776 15911991 78970034 11525458 16175380 18672429 16684776 15911991 78970034 78970034 308 569 61 106335 69402 176675 12094 194557 1641 38840 17182 264314 79411023 59656509 0.99440 0.97210 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INCENTIVE INCOME - 2020 AMOUNT: $ 188,467. MISCELLANEOUS - 2019 AMOUNT: $ 9,458. 2020 AMOUNT: $ 3,170. 2022 AMOUNT: $ 28,496. 2023 AMOUNT: $ 12,709. MEDICAL RECORDS - 2019 AMOUNT: $ 2,636. 2020 AMOUNT: $ 2,920. 2021 AMOUNT: $ 1,641. 2022 AMOUNT: $ 10,344. 2023 AMOUNT: $ 4,473. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 48000 0 0 48000 0 PART II-B, LINE 1: THE FLOATING HOSPITAL PAID $48,000 TO FONTAS ADVISORS NY LLC FOR STATE AND LOCAL LOBBYING ACTIVITIES. 904008 904008 0 5448495 3541615 1906880 409615 318631 90984 1997864 SECURITY DEPOSITS 69973 DUE FROM AFFILIATES 2121253 DUE FROM THIRD PARTY PAYOR 240765 2431991 OPERATING LEASE LIABILITY 2041269 DUE FROM THIRD PARTY PAYOR 240477 DUE TO AFFILIATE 224472 2506218 X 34474057 2072993 2072993 32401064 0 32401064 32926589 1838823 1838823 31087766 0 31087766 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE ORGANIZATION'S TAX RETURNS PRIOR TO FISCAL YEAR 2020 ARE CLOSED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION'S REVENUE 2,676,118. INTERCOMPANY ELIMINATIONS -603,125. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGAINIZATION'S EXPENSES 2,441,948. INTERCOMPANY ELIMINATIONS -603,125. X X X 0 0 0 0 0 0 0 1 0 SHANI ANDRE MD EXCEUTIVE VICE PRESIDENT CLINICAL AD 309200 0 1000 0 12500 0 12973 0 10677 0 346350 0 0 0 SEAN T GRANAHAN PRESIDENT/GENERAL COUNSEL 210550 0 1000 0 0 0 8700 0 19955 0 240205 0 0 0 SHARI POTTER PHYSICIAN ASSISTANT 196735 0 0 0 0 0 7994 0 30552 0 235281 0 0 0 MARK SETHNA MEDICAL DIRECTOR 195951 0 14120 0 0 0 8434 0 12429 0 230934 0 0 0 KAREN MYRIE MEDICAL DIRECTOR-ACS 197021 0 0 0 0 0 6654 0 13041 0 216716 0 0 0 KIM HENEGHAN PHYSCIAN ASSISTANT 128583 0 67100 0 0 0 7803 0 11857 0 215343 0 0 0 JANICE CRISTOBAL PHYSICIAN 169922 0 29655 0 0 0 8055 0 2794 0 210426 0 0 0 GLORIA CARNEY JACKSON EXECUTIVE VICE PRESIDENT OF FINANCE 175797 0 0 0 0 0 7516 0 7349 0 190662 0 0 0 PART I, LINE 7 INCLUDED ON SCHEDULE J, PART II, COLUMN B(II) ARE AMOUNTS REPRESENTS PERFORMANCE INCENTIVES. THESE AMOUNTS WERE INCLUDED IN THE INDIVIDUALS W-2S AND APPROVED BY THE BOARD. X 3 1465956 COST 0 0 0 PART I, COLUMN (B): COLUMN B REPRESENT NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO SUBCOMMITTEES OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B TAX RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED BY MANAGEMENT, A DRAFT OF THE FORM 990 IS REVIEWED WITH THE BOARD BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION REVIEWS THE POLICIES IN A BOARD MEETING AND REQUESTS THAT ALL MEMBERS OF THE BOARD OF TRUSTEES AND OFFICERS RE-SIGN THE CONFLICT OF INTEREST POLICY STATEMENT. BOARD MEMBERS ARE PROHIBITED FROM RECRUITING BOARD MEMBERS WHO ARE TFH VENDORS, SO MONITORING BEGINS WITH THE BOARD ITSELF. BOARD ORIENTATION PACKETS CONTINUE THE PROCESS. VENDORS OVER $100,000 REQUIRE BOARD NOTIFICATION WHICH IS PRIMARILY SUPPLIED BY THE FORM 990. THE ANNUAL AUDIT SERVES AS AN INDEPENDENT FINAL CHECK OF POSSIBLE CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A TFH FOLLOWS THE NATIONAL ASSOCIATION OF COMMUNITY HEALTH CENTER GUIDELINES ON OFFICERS AND KEY EMPLOYEE'S SALARIES. IN ADDITION OTHER AGENCIES FORM 990S ARE SOMETIMES REVIEWED, AS WELL AS SALARY SURVEYS FOR HOSPITAL EXECUTIVES. THE BOARD MEETS IN A CLOSED SESSION TO ADDRESS THE ISSUE OF CEO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST, AND POSTED IN THE WEBSITE. THE FLOATING HOSPITAL FOUNDATION INC 950 THIRD AVENUE NEW YORK NY 10022 300102842 RAISES FUNDS AND SUPPORTS THE FLOATING HOSPITAL, INC. NY 501(C)(3) LINE 12A, I THE FLOATING HOSPITAL INC 1 TFH SERVICES LLC 21-01 41ST AVENUE LONG ISLAND CITY NY 11101 823212495 FINANCING NY N/A 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 1 1 1 1