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Virtua Health and Rehabilitation Center at Mt Holly

Marlton, NJ · EIN 22-2394675 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2022 (tax year 2022) · View the filing · Correct or respond

Virtua Health and Rehabilitation Center at Mt Holly reported $24.6 million in revenue and $6.0 million in expenses for calendar year 2022. Of every $100 it spent, $78.58 went to program services, $21.42 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 81.7% of the total. The highest compensation it reported for one person was $3,096,351 (PRESIDENT/CEO). 1 person received more than $100,000 in reportable compensation. Revenue rose 18% between 2019 and 2022. Source: Form 990, 2022.

Where $100 of spending went

Calendar year 2022 · Form 990, Part IX, line 25 · total expenses $6.0M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2022 · Form 990, Part VIII · total revenue $25M

The 990 scorecard · same measures for every charity, no grades

2022 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure2022Median
Program services
Part IX 25(B) ÷ 25(A)
78.6%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
21.4%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
3.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
3.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
15.2%69.9%
Highest reported compensation
Part VII-A, columns D–F
$3,096,351$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
51.59%1.28%
People paid over $100,000
Part VII, line 2
18
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
2.113.3
Independent voting board members
Part VI 1a–1b
18 of 20100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2022 · Form 990, Part III · the three largest programs by expense
$3.3M expenses · 70.1% of program spending · revenue $3.0M

Nursing care - care provided 24 hours a day, seven days a week, 365 days a year. Care is given primarily to geriatric patients admitted to the 180 bed nursing facility. Patient days totaled 10,335 in 2022. The majority of the patients at the facility are insured under medical assistance programs, such as the state administered medicaid program. Reimbursement for these programs is less than the cost of the services provided to the patient. On april 28, 2022, the facility was sold to an unrelated third party, which is described in schedule n

$832K expenses · 17.6% of program spending · revenue $791K

Rehabilitation - the facility provides physical, occupational, and speech therapy services to patients. Emphasis is placed on patient focused, outcome driven therapy, that allows each person to achieve their greatest recovery potential. Total rehabilitation activities exceeded 2,291 hours in 2022. On april 28, 2022, the facility was sold to an unrelated third party, which is described in schedule n

$576K expenses · 12.2% of program spending

Dietary - provide meals for nursing home residents. Meals are served three times a day, 118 days this year. The total number of meals served to residents was 31,005 for 2022. On april 28, 2022, the the facility was sold to an unrelated third party, which is described in schedule n

Highest reported compensation

2022 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT/CEO
Director/trustee, officer, 0.20 hrs/week
$0$3,045,242$51,109$3,096,351
TREASURER - EVP/CFO
Officer, 0.18 hrs/week
$0$1,175,768$40,915$1,216,683
SECRETARY-SVP&CHIEF LEGAL OFFICER
Officer, 0.18 hrs/week
$0$791,678$40,884$832,562
TRUSTEE - PHYSICIAN
Director/trustee, 0.12 hrs/week
$0$646,422$53,560$699,982
SVP - INTEGRATED OPERATION
Key employee, 0.50 hrs/week
$0$438,310$35,943$474,253
NURSE LTC SUB ACUTE
Highest compensated employee, 40.00 hrs/week
$144,808$0$13,723$158,531

1 people received more than $100,000 in reportable compensation from Virtua Health and Rehabilitation Center at Mt Holly (Part VII, line 2).

4 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M2019202020212022$25M$6.0M
FilingRevenueExpensesProgramsNet assetsTop pay
2022 ⓘ$25M$6.0M78.6%$1.1M$3,096,351
2021 ⓘ$9.0M$15M83.6%$1.5M$2,572,078
2020 ⓘ$15M$18M85.5%$3.1M$2,454,911
2019 ⓘ$21M$21M87.5%$2.4M$1,893,869

Governance answers, as filed

2022 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b20 · 18 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5145
  • Volunteers Part I, line 618

Correct a figure or respond

Every number above is copied from Virtua Health and Rehabilitation Center at Mt Holly's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Virtua Health and Rehabilitation Center at Mt Holly, you can publish a response that is linked from this page.

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Questions people ask

How much of Virtua Health and Rehabilitation Center at Mt Holly's spending goes to programs?

In calendar year 2022, Virtua Health and Rehabilitation Center at Mt Holly reported that 78.6% of its $6.0 million in expenses went to program services, 21.4% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Virtua Health and Rehabilitation Center at Mt Holly pay its top executive?

The largest total compensation Virtua Health and Rehabilitation Center at Mt Holly reported for one person in calendar year 2022 was $3,096,351, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Virtua Health and Rehabilitation Center at Mt Holly get its money?

Of $24.6 million in revenue in calendar year 2022, 3.0% came from contributions and grants (including 3.0% from government grants) and 15.2% from program service revenue (Form 990, Part VIII).

Is Virtua Health and Rehabilitation Center at Mt Holly a registered charity?

The IRS lists EIN 22-2394675 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2022: Form 990 for calendar year 2022, object 202323179349309777 · read the filing · XML
  • 2021: Form 990 for calendar year 2021, object 202203189349315770 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202133169349304713 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202013159349304696 · read the filing

All filings for EIN 22-2394675: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.