Chb Properties Inc
- Assets
- $207.5m
- Revenue
- -$292.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 12/1996
- Data as of
- 09/2023
- EIN
- 04-3323330
Organization Overview
Chb Properties Inc is located in Boston, MA. The organization was established in 1996. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chb Properties Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Chb Properties Inc generated -$292.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.6%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAINS AND OPERATES AMBULATORY CARE SATELLITE PROPERTIES FOR CHILDREN'S HOSPITAL AND OTHER 3RD PARTY LEASES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHB PROPERTIES, INC. (FORMERLY KNOWN AS CHILDREN'S EXTENDED CARE CENTER) MAINTAINS AND OPERATES AMBULATORY CARE SATELLITE PROPERTIES IN PEABODY, MASSACHUSETTS. THIS ORGANIZATION LEASES SPACE TO CHILDREN'S HOSPITAL CLINICS AND OTHER HEALTHCARE ORGANIZATIONS TO PROVIDE HEALTHCARE SERVICES TO CHILDREN AND OTHERS IN THESE CITIES AND SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Churchwell MD President & Trustee | OfficerTrustee | 1 | $0 |
Douglas Vanderslice Treasurer, CFO & Trustee | OfficerTrustee | 1 | $0 |
Michele Garvin ESQ Secretary & Trustee | OfficerTrustee | 1 | $0 |
Douglas Berthiaume Chairman | Trustee | 0 | $0 |
Sandra Fenwick Former President & Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Turner Construction Company Construction Services | 9/29/23 | $4,500,115 |
Securitas Security Services Usa Inc Security Services | 9/29/23 | $1,388,014 |
Wise Construction Construction Services | 9/29/23 | $443,151 |
Payette Associates Inc Architecture Services | 9/29/23 | $262,136 |
Cox Engineering Co Hvac Services | 9/29/23 | $200,538 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$292,670 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$292,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,164,118 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,247 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,423 |
| Net Land, buildings, and equipment | $199,269,913 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $207,543,701 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $26,999,999 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $169,263,634 |
| Total liabilities | $196,263,633 |
| Net assets without donor restrictions | $11,280,068 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $207,543,701 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hebrew Home And Hospital Inc West Hartford, CT | $7,912,912 | $11,536,430 |
Harold Leever Regional Cancer Center Inc Waterbury, CT | $22,438,012 | $11,300,815 |
The Healing Connection Inc Rochester, NY | $760,604 | $2,285,451 |
Dyouville Transitional Care Inc Lowell, MA | $9,827,110 | $4,619,445 |
Childrens Medical Fund Of New York Syosset, NY | $596,037 | $624,528 |
Heart Share Wellness Ltd Brooklyn, NY | $6,442,230 | $1,027,874 |
Thomas Morgan Rotch Jr Memorial Hospital For Infants Trust Boston, MA | $9,476,784 | $530,765 |
Episcopal Charities Of Albany Inc Greenwich, NY | $10,192,763 | $401,754 |
Ecosystem Restoration Camps Usa Inc Bellport, NY | $55,388 | $0 |
Dana-Farber Cancer Care Network Inc Boston, MA | $2,028,235 | $0 |
Chb Properties Inc Boston, MA | $207,543,701 | -$292,670 |
Crotched Mountain Rehabilitation Center Inc Manchester, NH | $0 | $0 |
Wellbridge Psychiatry P C Westbury, NY | $0 | $0 |
Heart Institute Westbury, NY | $0 | $0 |
Niagara Lutheran Home And Rehabilitation Center Inc Lancaster, NY | $0 | $0 |