Gracie Square Hospital

What it reported doing in 2024

For more than six decades, Gracie Square Hospital has provided comprehensive and personalized behavioral healthcare to thousands of individuals in New York City and beyond. Mental health is an essential part of everyone's well-being, and the team at Gracie Square Hospital recognizes that dealing with mental health challenges can be complex and, at times, intimidating. Through our affiliation with NewYork-Presbyterian and Weill Cornell Medicine, we are dedicated to improving the lives of our patients and their loved ones through innovative approaches to diagnosis, treatment, and recovery. Furthermore, Gracie Square Hospital is constantly working toward eliminating the stigma of mental illness. Building on our legacy of world-class patient and family-centered care, we have achieved National Recognition for Excellence from the American Nurses Credentialing Center (ANCC) Magnet Recognition Program, and Planetree Gold certification for Patient Centered Care. In addition, we are proud to be designated as an LGBTQ+ Healthcare Equality Leader by the 2024 Healthcare Equality Index (HEI) of the Human Rights Campaign. During each patient's hospital stay, our expert social workers plan for the transition to outpatient care and facilitate connections with community resources to promote recovery. Gracie Square Hospital's multifaceted interdisciplinary and targeted approach incorporates medications; individual, milieu, and group therapy; and/or therapeutic activities into treatment plans. We work together to promote wellness while providing patients with skills to reduce the risk of relapse and enhance function and independence. Specialized patient care programs include: Young Adult & College Student Programfor young adults ages 18-25 with emerging psychiatric disorders. Symptoms of major psychiatric disorders, including affective and psychotic disorders, often begin in the late teens or early 20s. The sooner treatment begins, the better outcomes will be. Older Adult Program(Geriatric Service) for people age 65 and older with psychiatric disorders that require inpatient treatment. Team members have training in the care of older adults. Psychiatrists and internists on this unit are also knowledgeable about co-existing medical conditions that may cause psychiatric symptoms. They manage patients' psychiatric and non-psychiatric medications and pay careful attention to drug interactions. Psychotic Disorders Programfor individuals with acute symptoms of schizophrenia and schizoaffective disorders, as well as those with bipolar disorder with psychotic features. Ketamine Therapy Programis a safe and effective treatment for individuals suffering with depression, especially if their symptoms have not responded to other medications. It can also help people with thoughts to harm or kill themselves. We offer ketamine infusions to those on our inpatient units. We work closely with all members of your care team including psychiatrists, nurse practitioners, internists, nurses and social workers, and with you to determine if a ketamine infusion is right for you and to be with you during the Ketamine infusions. Dual Focus Programfor people with significant emotional or psychiatric problems plus abuse challenges. Many of these patients suffer from two co-existing illnesses. They may be treated either in mental health or addiction systems, or shuttled back and forth between them - an often unsuccessful approach. The Dual Focus Program addresses both psychiatric and addiction components through customized treatment plans. The team includes addiction-trained social workers. Crisis Stabilization Programfor patients with mood and anxiety disorders, post-traumatic stress disorders, and other psychiatric syndromes and who are in distress. Asian Psychiatry Programprovides culturally appropriate services to members of Chinese, Korean, Japanese, and other Asian communities in need of inpatient mental health care. The program is directed by a culturally diverse clinical

Financial Efficiency

• Mission deployment rate: 84.7%; rating input score 85
• Program expense ratio: 86.6%; rating input score 87
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 87.6%; rating input score 88; 21st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 50%; rating input score 50; 13th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 2.3%; rating input score 44; 44th percentile among comparable filings
• Total-asset coverage ratio: 0.83; rating input score 33; 33rd percentile among comparable filings
• Liabilities to assets ratio: 0.45; rating input score 40; 40th percentile among comparable filings
• Officer compensation ratio: 2.8%; rating input score 41; 41st percentile among comparable filings

Growth

• Program expense growth: 7.6% per year; rating input score 100; 61st percentile among comparable filings
• Revenue growth: 6.7% per year; rating input score 100; 57th percentile among comparable filings
• Asset growth: 9.9% per year; rating input score 100; 70th percentile among comparable filings