Homestead Hospital Inc
93% goes to programs $0 to raise $100 Thin reserves Growing revenue
Homestead Hospital Inc is a 501(c)(3) organization based in Homestead, Florida, registered in 1991, with $529,922,145 in FY2023 revenue. CharityIndex grades it C, and it directs about 93% of spending to programs.
975 Baptist Way, Homestead, FL, 33033 EIN 65-0232993 Since 1991
Revenue (FY2023)
$529.9M
▲ 15.6% vs prior year
Health median: $840K
Expenses (FY2023)
$536.2M
Net assets
-$577.2M
Employees
1,561
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating93% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Homestead Hospital Inc: 93% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Homestead Hospital Inc: 0 mo reserves · -1% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Homestead Hospital Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Homestead Hospital Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
See form 990, part iii, line 1
Contact & location
- Address
- 975 Baptist Way, Homestead, FL, 33033
- City
- Homestead
- State
- Florida
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $348.8M (FY2013) to $529.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $706.9MNet assets -$577.2M
Operating margin
-1.2%
Spent more than it raised in the latest fiscal year.
Total assets
$129.7M
Total liabilities
$706.9M
Net assets
-$577.2M
Salaries & benefits
$135.8M
25% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $529,922,145▲15.6% | $536,158,581▲7.0% | -$577,217,062▼0.9% | $129,689,598▲28.4% | 990 |
| 2022 | $458,543,202▲7.8% | $500,914,192▲10.9% | -$572,313,958▼7.8% | $100,971,814▼3.1% | 990 |
| 2021 | $425,552,270▼4.6% | $451,662,922▲3.6% | -$530,726,725▼5.1% | $104,241,620▼19.7% | 990 |
| 2020 | $445,999,422▲9.0% | $435,900,958▲3.0% | -$505,141,811▲2.2% | $129,832,589▲54.5% | 990 |
| 2019 | $409,266,841▲2.6% | $423,346,341▼2.3% | -$516,454,814▼2.7% | $84,032,014▲29.5% | 990 |
| 2018 | $398,708,599▼4.6% | $433,225,705▼6.1% | -$502,726,810▼7.3% | $64,906,221▲2.1% | 990 |
| 2017 | $417,782,248▲3.0% | $461,243,610▲7.3% | -$468,477,103▼10.5% | $63,558,635▼10.8% | 990 |
| 2016 | $405,771,826▲13.9% | $429,813,840▲9.0% | -$423,794,350▼5.9% | $71,215,600▼12.0% | 990 |
| 2015 | $356,361,591▲6.5% | $394,315,849▲6.4% | -$400,161,611▼10.4% | $80,932,741▼1.7% | 990 |
| 2014 | $334,542,352▼4.1% | $370,475,826▼3.4% | -$362,595,416▼11.8% | $82,319,600▼0.1% | 990 |
| 2013 | $348,846,474 | $383,543,311▲7.7% | -$324,428,055▼11.3% | $82,414,143▲11.9% | 990 |
| 2012 | — | $356,076,912▲4.5% | -$291,366,480▼9.2% | $73,676,497▼3.3% | 990 |
| 2011 | — | $340,584,187▲0.2% | -$266,858,734▼7.0% | $76,207,098▲8.3% | 990 |
| 2010 | — | $340,005,949▼21.2% | -$249,350,049▼7.2% | $70,374,045▼3.0% | 990 |
| 2009 | — | $431,484,910 | -$232,510,609 | $72,550,598 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Charles Anderson Augustus II — $590,698 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Charles Anderson Augustus II | Chief Medical Officer | 50 | $590,698 |
| David Abercrombie | Vp Operations | 50 | $348,902 |
| Ana Cabrera | Vp of Nursing | 50 | $347,205 |
| Karl W Cetta | Avp Hospital Admin, End 10/1/2023 | 45 | $257,069 |
| Kurt H Kadel | Avp Hospital Admin | 45 | $244,197 |
| Marie-elsie Ade | Pharmacy Director | 45 | $237,356 |
| Sherine A Craig | Avp Nursing | 45 | $225,661 |
| Ann M Allen | Avp Nursing, End 12/31/2023 | 45 | $222,323 |
| Bill R Tillett | Director | 2 | — |
| David Trueba Md | Director - End 03/2024 | 2 | — |
| Edward G Shashaty | Vp Finance Hospital Operations | 8 | — |
| George E Cadman III | Director | 2 | — |
| Jeanne F Jacobs | Director | 2 | — |
| Johanna Paterson Carrier | Director | 2 | — |
| John P Maas Esq | Director - End 06/2024 | 2 | — |
| Jose Prado | Director | 2 | — |
| Kenneth Spell | Ceo | 50 | — |
| Maria Costa Smith | Director | 2 | — |
| Rao Uppaluri | Director | 2 | — |
| Rene W Taylor | Director | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Greater Miami Anesthesia Services PA | Physician Services | $5,698,861 |
| South Dade Medical Group LLP | Physician Services | $5,434,866 |
| Miami Children's Health System Inc DBA | Physician Services | $2,217,352 |
| Banyan Medical Systems LLC | Contract Labor | $2,182,064 |
| Aya Healthcare Inc | Contract Labor | $1,785,321 |
Grants received · $11.6M total
11 grants to Homestead Hospital Inc totaling $11.6M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Baptist Health South Florida Foundation Inc | Operations, property & equipment acquisitions | 2023 | $743,241 |
| Baptist Health South Florida Foundation Inc | Operations, property & equipment acquisitions | 2022 | $404,631 |
| Baptist Health South Florida Foundation Inc | Operations, property equipment acquisitions | 2021 | $544,624 |
| Baptist Health South Florida Foundation Inc | Operations | 2020 | $223,350 |
| Baptist Health South Florida Foundation Inc | Operations | 2019 | $175,167 |
| Baptist Health South Florida Foundation Inc | Operations | 2018 | $506,262 |
| Baptist Health of South Florida Inc | Contributions | 2017 | $5,000,000 |
| Baptist Health South Florida Foundation Inc | Operations, property & equipment acquisitions | 2017 | $2,177,900 |
| Baptist Health South Florida Foundation Inc | Operations | 2016 | $463,913 |
| Baptist Health South Florida Foundation Inc | Operations, property & equipment acquisitions | 2015 | $1,247,310 |
| Baptist Health South Florida Foundation Inc | Operations | 2014 | $67,871 |
Grants made · $6,500 in FY2023
1 grant totaling $6,500 in FY2023. All grants made by Homestead Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Homestead Rodeo Association Inc | Sponsorship of community rodeo event. | $6,500 |
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Compare Homestead Hospital Inc
Frequently asked questions
- Is Homestead Hospital Inc a legitimate nonprofit?
- Yes. Homestead Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 65-0232993, based in Homestead, Florida. Donations are tax-deductible.
- What is Homestead Hospital Inc's EIN?
- Homestead Hospital Inc's Employer Identification Number (EIN) is 65-0232993.
- How much revenue does Homestead Hospital Inc report?
- Homestead Hospital Inc reported $529,922,145 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Homestead Hospital Inc's spending goes to programs?
- Homestead Hospital Inc spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Homestead Hospital Inc have?
- CharityIndex grades Homestead Hospital Inc C, based on program efficiency and fundraising cost.
- How much does Homestead Hospital Inc's highest-paid employee make?
- The highest reported compensation on Homestead Hospital Inc's latest Form 990 is $590,698, paid to Charles Anderson Augustus II (Chief Medical Officer).
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Data for Homestead Hospital Inc (EIN 65-0232993) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.