Overview
What is Homestead Hospital Inc?
Homestead Hospital Inc is a nonprofit healthcare organization committed to delivering top-notch, affordable healthcare services to everyone, with a special focus on providing charity care to those in need. As a part of the Baptist Health network, their mission encompasses enhancing the health and wellbeing of individuals and safeguarding life in the communities they serve.
Official website here: www.baptisthealth.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Homestead Hospital Inc has received an overall rating of 81% from Charity Navigator, indicating a solid performance in accountability and finance. The rating is derived solely from its accountability score, which reflects the organization's commitment to transparency and proper financial management practices. The majority of its board members are independent, showcasing a strong governance structure.
The organization excels in several areas, including its program expense ratio, which stands at an impressive 91.47%. This suggests that a significant portion of its funds is directed towards its programs and services, rather than administrative costs. Additionally, it has robust policies in place regarding conflict of interest, whistleblower protections, and document retention, all of which contribute positively to its accountability score.
However, a notable limitation arises from its liabilities to assets ratio, which is very high at 489.07%. This figure may raise concerns about the financial stability and risk management of the organization. While the overall governance is strong, potential donors and stakeholders might want to consider this aspect when evaluating their support for Homestead Hospital Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Homestead Hospital Inc legitimate?
Homestead Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homestead 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: $1,188,587
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,625,701
For more financial information, click here
Official website here: www.baptisthealth.net
What is the mission statement of Homestead Hospital Inc?
Homestead Hospital Inc is committed to delivering top-notch, affordable healthcare services to all, extending charity care to those in need. As a part of the Baptist Health network, their primary goal is to enhance the health and wellbeing of individuals within their communities, while upholding the value of life. Through their compassionate approach, they strive to make a positive impact on people's lives and promote health and vitality. By offering charity care, Homestead Hospital demonstrates its dedication to providing essential healthcare services to those who need it most. This commitment to serving communities is a cornerstone of their mission within the healthcare industry.
Official website here: www.baptisthealth.net
Who is the CEO of Homestead Hospital Inc?
Kenneth Spell is the CEO of Homestead Hospital Inc The CEO's salary of Homestead Hospital Inc is $0 and their total compensation is $896,264.
Official website here: www.baptisthealth.net
What is the revenue of Homestead Hospital Inc?
Homestead Hospital Inc's revenue in 2023 was $458,543,202.
Official website here: www.baptisthealth.net
Who are the executives of Homestead Hospital Inc and what are their salaries?
The average compensation at Homestead Hospital Inc during 2023 was $68,250. There are 1609 employees and 43 volunteers at Homestead Hospital Inc.
Here are 24 key members and their salaries (Homestead Hospital Inc's CEO's salary is $0 and their total compensation is $896,264):
- Compensation: $0
- Related: $35
- Other: $0
- Compensation: $0
- Related: $25
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,116
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $578,052
- Other: $130,328
- Compensation: $0
- Related: $733,902
- Other: $162,362
- Compensation: $337,993
- Related: $0
- Other: $84,622
- Compensation: $372,960
- Related: $0
- Other: $30,251
- Compensation: $382,800
- Related: $0
- Other: $70,645
- Compensation: $227,963
- Related: $0
- Other: $29,297
- Compensation: $217,960
- Related: $0
- Other: $29,075
- Compensation: $228,724
- Related: $0
- Other: $20,932
- Compensation: $224,642
- Related: $0
- Other: $21,748
- Compensation: $212,816
- Related: $0
- Other: $16,502
- Compensation: $0
- Related: $1,186,272
- Other: $39,694
Official website here: www.baptisthealth.net
Where can I find the form 990 for Homestead Hospital Inc?
Homestead Hospital Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.baptisthealth.net
Learn more at the official website: www.baptisthealth.net
Mission Statement of Homestead Hospital Inc
Homestead Hospital Inc, a dedicated healthcare provider, is committed to delivering high-quality, affordable care to all individuals, extending compassionate services even to those in need of charity care. As a distinguished member of the Baptist Health network, Homestead Hospital's mission goes beyond healing the sick; it aspires to enhance the health and wellbeing of community members and uphold the value of life. By integrating the principles of cost-effectiveness and compassion into their services, Homestead Hospital distinguishes itself as a caring and essential institution within the healthcare sector. The organization's unwavering focus on improving community health and promoting the sanctity of life sets it apart as a trusted beacon of hope and healing.
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Impact
October, 2024
Homestead Hospital Inc plays a crucial role in the community by delivering high-quality, cost-effective, and compassionate healthcare services. Their commitment extends to providing charity care for those in need, ensuring that underserved populations have access to essential medical services. As part of the Baptist Health network, the hospital is dedicated to improving health and wellbeing in the Homestead area, emphasizing the sanctity and preservation of life. Through their comprehensive healthcare offerings, they not only address immediate medical needs but also foster a healthier community overall, promoting preventive care and wellness initiatives.
This information is meant to be a general summary of Homestead 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 2023.
- Investment Income: $154,947
- Program Service Revenue: $455,100,733
- Gross Receipts: $458,933,344
Assets and Liabilities:
- Total Assets: $104,241,620
- Total Liabilities: $634,968,345
- Net Assets: -$530,726,725
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT REVENUE
Revenue
$455,096,956
GRANT REVENUE
Revenue
$3,777
Organization Details
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