Overview
What is The Floating Hospital Inc?
The Floating Hospital Inc, located in Long Island City, New York, is a nonprofit organization licensed under Article 28 and Article 31 of the New York State Health Law. With 301 employees, this free-standing diagnostic and treatment center offers an extensive range of primary healthcare services to a largely medically underserved population. Historically, it has served New York City's most underprivileged groups, specifically homeless families, as per Section 330 of the U.S. Code. The Floating Hospital Inc is a Federally Qualified Health Center with all three urban designations under Section 330. Regardless of their ability to pay, these individuals receive comprehensive healthcare services from the facility. Additionally, The Floating Hospital Inc provides non-Medicaid reimbursed services, such as health education, at no cost to any patient.
Official website here: www.thefloatinghospital.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% (Four-Star out of Four Star rating)
The Floating Hospital Inc has achieved a high level of accountability and finance, reflected in its impressive 96% score from Charity Navigator. The organization boasts a fully independent board, ensuring transparency and effective governance, along with strong financial oversight practices. The program expense ratio of 88.56% indicates a significant commitment to using funds directly for its mission.
Strengths of The Floating Hospital Inc include its robust leadership and adaptability, both scoring a perfect 100%. The organization emphasizes the development of leadership within its ranks and has established comprehensive policies to safeguard its operations, including conflict of interest and whistleblower policies. This commitment to ethical governance enhances the organization's reputation and trustworthiness among donors and stakeholders.
While the organization shows exceptional performance in various metrics, maintaining the momentum of such high standards will be crucial for its continued success. No significant limitations have been reported, suggesting that The Floating Hospital Inc is effectively fulfilling its mission while ensuring financial health and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The Floating Hospital Inc legitimate?
The Floating Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Floating Hospital Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $775,407
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,136,738
For more financial information, click here
Official website here: www.thefloatinghospital.org
What is the mission statement of The Floating Hospital Inc?
The Floating Hospital Inc is a diagnostic and treatment center, licensed under Article 28 and Article 31 of the New York State Health Law. It provides a broad range of primary healthcare services to a largely medically underserved population. The hospital holds the distinction of being a federally qualified health center with all three urban designations under Section 330. In simple terms, The Floating Hospital Inc is dedicated to offering healthcare services to an underserved community, adhering to the regulations set forth by the New York State Health Law and the federal designation under Section 330.
Official website here: www.thefloatinghospital.org
Who is the CEO of The Floating Hospital Inc?
Sean T Granahan is the Trustee of The Floating Hospital Inc.
Official website here: www.thefloatinghospital.org
What is the revenue of The Floating Hospital Inc?
The Floating Hospital Inc's revenue in 2022 was $30,271,999.
Official website here: www.thefloatinghospital.org
Who are the executives of The Floating Hospital Inc and what are their salaries?
The average compensation at The Floating Hospital Inc during 2022 was $49,542. There are 301 employees and 13 volunteers at The Floating Hospital Inc.
Here are 21 key members and their salaries:
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- Compensation: $174,834
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- Compensation: $230,349
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- Other: $21,632
- Compensation: $178,743
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- Other: $16,793
Official website here: www.thefloatinghospital.org
Where can I find the form 990 for The Floating Hospital Inc?
The Floating Hospital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thefloatinghospital.org
Learn more at the official website: www.thefloatinghospital.org
Mission Statement of The Floating Hospital Inc
The Floating Hospital Inc, a renowned diagnostic and treatment center, is dedicated to delivering a comprehensive range of primary healthcare services to a largely medically underserved population. Established under Article 28 and Article 31 of the NYS Health Law, this organization operates as a free-standing facility, catering to the health needs of those who might otherwise be left without adequate care. In addition, The Floating Hospital Inc holds the distinction of being a Federally Qualified Health Center with all three urban designations under Section 330.
This mission-driven organization goes beyond the confines of traditional healthcare provision by focusing on addressing the unique needs of underserved communities. Through its broad scope of primary healthcare services, The Floating Hospital Inc aspires to improve the overall health and well-being of the individuals it serves. By offering medical attention and treatment, it plays a vital role in ensuring that every person, regardless of their socio-economic status, has access to essential healthcare services.
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Impact
October, 2024
The Floating Hospital Inc plays a vital role in addressing healthcare disparities within Long Island City, NY, particularly for its medically underserved populations. By operating as a freestanding diagnostic and treatment center, it offers an extensive range of primary health care services to individuals and families who might otherwise lack access to essential medical care.
Focusing on homeless families and those at risk, The Floating Hospital provides comprehensive health services regardless of a patient’s ability to pay. This commitment is not limited to traditional medical care; it also extends to non-Medicaid reimbursed services such as health education, ensuring that patients receive holistic support tailored to their needs. Furthermore, as a federally qualified health center, it meets high standards of care and is designated to address urban health challenges effectively.
The impact is significant: by facilitating access to preventative care, treatment, and educational resources, The Floating Hospital Inc not only improves individual health outcomes but also contributes to overall community well-being and resilience. Its operations help break cycles of poverty and poor health, empowering individuals to lead healthier lives and fostering a stronger, more equitable society.
This information is meant to be a general summary of The Floating Hospital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $96,262
- Program Service Revenue: $13,452,121
- Gross Receipts: $30,282,072
Assets and Liabilities:
- Total Assets: $15,495,678
- Total Liabilities: $7,146,458
- Net Assets: $8,349,220
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAID
Revenue
$9,571,342
PHARMACY REVENUE
Revenue
$1,771,275
OTHER THIRD PARTY
Revenue
$852,486
NYS UNCOMPENSATED CARE
Revenue
$658,386
MEDICARE
Revenue
$337,949
Organization Details
Founding Year
1866
Phone
(718) 784-2240Principal Officer
Sean T Granahan
Main Address
21-01 41ST AVENUE, LONG ISLAND CITY, NY, 11101
Website
www.thefloatinghospital.orgNTEE Category
Code: E220 - Health
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