Lifebridge Center for Hope Inc
THE CORPORATION IS ORGANIZED AND SHALL AT ALL TIMES BE OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF SINAI HOSPITAL OF BALTIMORE, INC.
IRS Tax Year 2023
Period ending June 30, 2024
Total Revenue
$727K
Total Expenses
$557K
Net Assets
$-372K
Employees
0
Program Expense Ratio
100.0%
This nonprofit profile presents IRS Form 990 tax filing data for Lifebridge Center for Hope Inc (EIN: 85-3920012), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Lifebridge Center for Hope Inc is a 501(c)(3) nonprofit headquartered in BALTIMORE, MD, founded in 2020. It is classified under NTEE code E11 (Single Organization Support), within the Healthcare category. The organization has held tax-exempt status since 2021. In its 2023 filing, the organization reported $727K in total revenue, a 148.2% increase from the prior year, and $557K in total expenses. NEIL MELTZER, VICE PRESIDENT, is the highest-compensated individual at $3,866,428. The organization runs 1 program, totaling $557K in program expenses. 3 of 6 recommended governance policies are in place.
Lifebridge Center for Hope Inc is classified under NTEE code E11 (Single Organization Support), which falls within the Healthcare category. Its foundation type is 21.
Programs(Tax Year 2023)
1 record
Lifebridge Center for Hope Inc operates 1 program, with total program expenses of $557K. Lifebridge Center for Hope Inc's largest program accounts for 100% of total program spending.
SEE SCHEDULE O.
Financial Overview(Tax Years 2020–2023)
4 records
Over the past 4 years, Lifebridge Center for Hope Inc's revenue has remained stable from $0 to $727K. Program expenses represent 100% of total spending.
Revenue increased 148.2% year-over-year, while expenses grew 15.0%. net assets rose to $-372K, up 31.4% from the prior year.
Lifebridge Center for Hope Inc derives 68% from investment income.
Revenue grew by 148.2% while expenses grew by only 15.0%, suggesting improving operational efficiency.
Lifebridge Center for Hope Inc holds $21.5M in total assets against $21.8M in liabilities (debt-to-asset ratio of 102%). Cash and equivalents of $10.6M cover approximately 228.4 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $727K | $0 | $0 | $0 | $495K |
| 2022 | $293K | $0 | $0 | $0 | $73K |
| 2021 | $0 | $0 | $0 | $0 | $0 |
| 2020 | $0 | $0 | $0 | $0 | $0 |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $557K | $557K | $0 | $0 | $0 |
| 2022 | $484K | $484K | $0 | $0 | $0 |
| 2021 | $347K | $347K | $0 | $0 | $0 |
| 2020 | $4K | $0 | $4K | $0 | $0 |
Program Expense Ratio
100.0%
Admin Expense Ratio
0.0%
Fundraising Efficiency
—
Operating Reserve
-8.0 mo
People & Compensation(Tax Year 2023)
6 records
Lifebridge Center for Hope Inc reported compensation for 6 officers and key employees. Total officer compensation was $9.3M, representing 1675.1% of total expenses. 5 individuals received total compensation exceeding $500,000.
Lifebridge Center for Hope Inc's highest-compensated individual received $3.9M in total compensation. Total officer compensation of $9.3M represents 1675.1% of total expenses. 4 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| NEIL MELTZER | VICE PRESIDENT | OfficerDirector | 1.00 | $0 | $3,815,188 | $3,866,428 |
| LESLIE R SIMMONS | DIRECTOR | Director | 1.00 | $0 | $1,747,479 | $1,868,566 |
| DAVID H KRAJEWSKI | VICE PRESIDENT AND TREASURER | OfficerDirector | 1.00 | $0 | $1,730,081 | $1,776,381 |
| JASON H WEINER | VICE PRESIDENT AND SECRETARY | Officer | 1.00 | $0 | $1,002,448 | $1,207,976 |
| JAMES ROBERGE | PRESIDENT | OfficerDirector | 1.00 | $0 | $535,918 | $612,958 |
| TODD PATTISON | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
LESLIE R SIMMONS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
NEIL MELTZER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
DAVID H KRAJEWSKI
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
JASON H WEINER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
JAMES ROBERGE
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2023)
Lifebridge Center for Hope Inc has 3 of 6 recommended governance policies in place, including conflict of interest, document retention. Its board has 5 members, 1 of whom are independent.
Lifebridge Center for Hope Inc's financial statements are audited.
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 2020–2023)
4 records
Showing the 4 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-07-01 – 2024-06-30 | $727K | $557K | $-372K |
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $293K | $484K | $-543K |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $0 | $347K | $-351K |
| 2020 | 990 | 2020-11-12 – 2021-06-30 | $0 | $4K | $-4K |
Frequently Asked Questions
What does Lifebridge Center for Hope Inc do?
THE CORPORATION IS ORGANIZED AND SHALL AT ALL TIMES BE OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF SINAI HOSPITAL OF BALTIMORE, INC.
How much revenue does Lifebridge Center for Hope Inc have?
Lifebridge Center for Hope Inc reported $727,265 in total revenue for tax year 2023, up 148.2% from the prior year.
Who is the highest-paid executive at Lifebridge Center for Hope Inc?
NEIL MELTZER, VICE PRESIDENT, received $3,866,428 in total compensation as of tax year 2023.
Is Lifebridge Center for Hope Inc a 501(c)(3)?
Yes, Lifebridge Center for Hope Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Lifebridge Center for Hope Inc located?
Lifebridge Center for Hope Inc is headquartered in BALTIMORE, MD 212155271.
What type of nonprofit is Lifebridge Center for Hope Inc?
Lifebridge Center for Hope Inc is classified under NTEE code E11 (Single Organization Support), within the Healthcare category. It is a 501(c)(3) tax-exempt organization.
Is Lifebridge Center for Hope Inc audited?
Yes, Lifebridge Center for Hope Inc's financial statements are audited.
Data Source
Prepared by: BDO USA, MCLEAN, VA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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