2025-11-12T11:59:17-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2024-01-01 131624169 THE FLOATING HOSPITAL INC FLOA 7187842240 21-01 41ST AVENUE LONG ISLAND CITY NY 11101 SEAN T GRANAHAN PRESIDENT & GENERAL COUNSEL 7187842240 2025-11-14 1 1 LORI ROTHE YOKOBOSKY P01273422 2122970400 2025-11-09 2024 2025-03-06 01:10:19Z SEAN T GRANAHAN 21-01 41ST AVENUE LONG ISLAND CITY NY 11101 33578866 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. 15 15 308 15 760272 24505 15911991 15341384 16401589 18102024 70302 117224 17182 18234 32401064 33578866 0 0 0 0 18937170 21503075 0 0 0 12150596 13978178 31087766 35481253 1313298 -1902387 16206358 17021701 6543840 9261570 9662518 7760131 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 12791637 8679993 THE FLOATING HOSPITAL IS A LEGACY ORGANIZATION IN NYC, FOUNDED IN 1866, THAT PROVIDES CARE IN THE FORM OF TRADITIONAL HEALTHCARE, HEALTH EDUCATION, AND RELIEF (THE DISTRIBUTION OF FOOD, CLOTHES, AND HYGIENE PRODUCTS) TO THE POOREST FAMILIES. IN ADDITION, IT OPERATES CAMPS, INTERNSHIPS AND LIFE SKILLS PROGRAMS TO HELP DISRUPT THE CYCLE OF POVERTY THAT ENGULFS THOSE FAMILIES MOST AT RISK. IT IS THE LARGEST PROVIDER OF SUCH CARE TO BOTH THE CITY'S HOMELESS FAMILY, AS WELL AS THE DV SAFE HOUSE, POPULATIONS. A SIGNIFICANT PORTION OF ITS WORK IS NOT FUNDED BY GOVERNMENT INSURANCE OR OTHER GOVERNMENT-BASED FUNDING. 12791636 8679993 IN ADDITION TO ITS HOMELESS FAMILY PROGRAMMING, THE HOSPITAL IS THE PRIMARY HEALTHCARE PROVIDER TO THOSE LIVING IN THE QUEENSBRIDGE/RAVENSWOOD HOUSES, THE LARGEST PUBLIC HOUSING COMPLEX IN NORTH AMERICA. THERE, IT PROVIDES SIMILAR CARE AND SERVICES TO THOSE IN THE HOMELESS FAMILY PROGRAMS. 6329529 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. 31912802 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 15 0 1 308 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 NY 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 TREASURER 1.00 X X 0 0 0 DOMINICK DELORENZO CHAIR OF BOARD OF TRUSTEES 1.00 1.00 X X 0 0 0 HAYWARD GILL TRUSTEE 1.00 X 0 0 0 THE HONORABLE CAROLYN MALONEY 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 MARY SUE RICHARDSON TRUSTEE 1.00 X 0 0 0 MATT BARBA 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 OUTGOING VICE CHAIR & TREASURER 1.00 1.00 X X 0 0 0 GLORIA CARNEY JACKSON EXECUTIVE VICE PRESIDENT O 30.00 5.00 X 180024 0 15005 SEAN T GRANAHAN PRESIDENT/GENERAL COUNSEL 30.00 5.00 X 229570 0 29513 PHILIP LAROCCO VP OF HUMAN RESOURCES 35.00 X 157400 0 42465 SHANI ANDRE MD EXCEUTIVE VP/CMO 35.00 X 351154 0 15424 JONATHAN ZIMMERMAN PHYSICIAN 35.00 X 287967 0 1378 KIM HENEGHAN PHYSCIAN ASSISTANT 35.00 X 229709 0 22806 MARK SETHNA MEDICAL DIRECTOR 35.00 X 219335 0 23910 OTUODICHINMA NWANKPA FAMILY NURSE PRACTITIONER 35.00 X 214835 0 41218 SHARI POTTER PHYSICIAN ASSISTANT 35.00 X 239975 0 43994 2109969 0 235713 48 0 1 0 0 13980396 1360988 2362559 15341384 MEDICAID 621400 12597502 12597502 PHARMACY REVENUE 621400 2267299 1507027 760272 NYRX REINVESTMENT PAYMENT 621400 1100039 1100039 NYS UNCOMPENSATED CARE 621400 696888 696888 OTHER THIRD PARTY 621400 529796 529796 910500 910500 18102024 69474 69474 47750 0 47750 47750 47750 MEDICAL RECORDS 900099 3490 3490 14744 14744 18234 33578866 17359986 760272 117224 1020555 907012 113543 15517860 13739423 1778437 395340 363230 32110 3012462 2767790 244672 1556858 1430410 126448 84439 16177 68262 172764 32460 140304 40100 40100 2288609 2098936 189673 17394 15306 2088 267327 222639 44688 973368 712417 260951 233254 226329 6925 43383 16418 26965 116293 116293 575887 401489 174398 1307326 1226857 80469 CONSUMABLE SUPPLIES 5494601 5479290 15311 REPAIRS AND MAINTENANCE 690083 567785 122298 DATA PROCESSING 498091 468826 29265 EQUIPMENT RENTAL 97507 73476 24031 1077752 990139 87613 35481253 31912802 3568451 0 615300 847058 17826 26118 936074 2656607 3020291 1871846 4971400 4971400 268454 233649 86285 107430 7424107 5340140 1997864 2083967 16856 16856 1844017 1613181 2431991 2593589 16206358 17021701 2231979 4058052 1256060 911516 549583 1987802 2506218 2304200 6543840 9261570 X 9559706 7657319 102812 102812 9662518 7760131 16206358 17021701 -1902387 0 X 0 1 X 1 1 1 X 16175380 18672429 16684776 15911991 15341384 82785960 16175380 18672429 16684776 15911991 15341384 82785960 82785960 569 61 106335 69402 69474 245841 24505 24505 194557 1641 38840 17182 18234 270454 83326760 67233017 0.99350 0.99440 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INCENTIVE INCOME - 2020 AMOUNT: $ 188,467. MISCELLANEOUS - 2020 AMOUNT: $ 3,170. 2022 AMOUNT: $ 28,496. 2023 AMOUNT: $ 12,709. 2024 AMOUNT: $ 14,744. MEDICAL RECORDS - 2020 AMOUNT: $ 2,920. 2021 AMOUNT: $ 1,641. 2022 AMOUNT: $ 10,344. 2023 AMOUNT: $ 4,473. 2024 AMOUNT: $ 3,490. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 40100 0 0 40100 0 PART II-B, LINE 1: THE FLOATING HOSPITAL PAID $40,100 TO FONTAS ADVISORS NY LLC FOR STATE AND LOCAL LOBBYING ACTIVITIES. 943008 943008 0 6071484 4075045 1996439 409615 322087 87528 2083967 SECURITY DEPOSITS 55500 DUE FROM AFFILIATES 2538089 2593589 OPERATING LEASE LIABILITY 1814178 DUE TO AFFILIATE 490022 2304200 X 35221088 1642222 1642222 33578866 0 33578866 37665113 2183860 2183860 35481253 0 35481253 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, 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 2021 ARE CLOSED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION'S REVENUE 2,290,878. INTERCOMPANY ELIMINATIONS -648,656. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGAINIZATION'S EXPENSES 2,832,516. INTERCOMPANY ELIMINATIONS -648,656. X X X 0 0 0 0 0 0 0 1 0 SHANI ANDRE MD EXCEUTIVE VP/CMO 351154 0 0 0 0 0 14046 0 1378 0 366578 0 0 0 JONATHAN ZIMMERMAN PHYSICIAN 287967 0 0 0 0 0 0 0 1378 0 289345 0 0 0 SHARI POTTER PHYSICIAN ASSISTANT 239975 0 0 0 0 0 9725 0 34269 0 283969 0 0 0 SEAN T GRANAHAN PRESIDENT/GENERAL COUNSEL 229570 0 0 0 0 0 10548 0 18965 0 259083 0 0 0 OTUODICHINMA NWANKPA FAMILY NURSE PRACTITIONER 214835 0 0 0 0 0 8656 0 32562 0 256053 0 0 0 KIM HENEGHAN PHYSCIAN ASSISTANT 158869 0 70840 0 0 0 9220 0 13586 0 252515 0 0 0 MARK SETHNA MEDICAL DIRECTOR 204155 0 15180 0 0 0 8845 0 15065 0 243245 0 0 0 PHILIP LAROCCO VP OF HUMAN RESOURCES 157400 0 0 0 0 0 661 0 41804 0 199865 0 0 0 GLORIA CARNEY JACKSON EXECUTIVE VICE PRESIDENT O 180024 0 0 0 0 0 7392 0 7613 0 195029 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 2362560 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. 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 1 1 1 1 1 THE FLOATING HOSPITAL FOUNDATION INC M 2121253 FMV THE FLOATING HOSPITAL FOUNDATION INC N 220370 FMV THE FLOATING HOSPITAL FOUNDATION INC O 345763 FMV THE FLOATING HOSPITAL FOUNDATION INC Q 343371 FMV