Posted on

>Valley Renewal: Valley is a for profit Hospital

>I posted this article along with a number of others – the Morristown decision was handed down last Month (May 10, 2010) – the initial judgement was sought on behalf of Morristown Hospital in the hope of having all its activities declared under its non-for-profit status. Morristown hired a tax expert attorney who investigated the federal laws surrounding 501(c) 3 status and what constitutes all the provisions provided to companies that obtain this status – during the discovery process, the town’s attorney uncovered that the hospital was renting space to profit making businesses and that the hospital was wrong to claim these profits under its tax exempt status. It rented its coffee shop to a well known branded store and while not only taking the rent paid by this company, it also shared in the profits over a certain amount – these rents and profits were not covered under the 501(C) 3 status and therefore the hospital has been told that it must pay the taxes to the town of Morristown dating back to the time that these companies (private practices, the coffee shop) started doing business on its tax exempt property.

I am all in for the Village Council investigating what back taxes Valley Hospital owes the Village of Ridgewood should it be proven that they operate and have operated the same system that Morristown Hospital operated

Bookmark and Share

show?id=mjvuF8ceKoQ&bids=161482

Leave a Reply

Your email address will not be published. Required fields are marked *