Saint Barnabas Realty Development Corporation
- Assets
- $105.5m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Oceanport, NJ
- Founding
- 08/1989
- Data as of
- 12/2021
- EIN
- 22-2940008
Organization Overview
Saint Barnabas Realty Development Corporation is located in Oceanport, NJ. The organization was established in 1989. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Saint Barnabas Realty Development Corporation 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 12/2021, Saint Barnabas Realty Development Corporation generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $9.5m during the year ending 12/2021. While expenses have increased by 9.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS COOPERMAN BARNABAS MEDICAL CENTER & OTHER RWJBH AFFILIATES; COORDINATES THE MGMT & OPERATION OF RENTAL SPACE OF PROPERTY OWNED AND RENTED BY RWJBH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORTING COOPERMAN BARNABAS MEDICAL CENTER AND OTHER RWJBARNABAS HEALTH AFFILIATES; COORDINATES THE MANAGEMENT AND OPERATION OF RENTAL SPACE OF PROPERTY OWNED AND RENTED BY RWJBARNABAS HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry H Ostrowsky Chair-Trustee/rwjbh Pres./ceo | OfficerTrustee | 60 | $0 |
David A Mebane ESQ Trustee-Rwjbh Evp/gen Counsel | Trustee | 55 | $0 |
Gary V Lotano Trustee | Trustee | 1 | $0 |
William Cuthill Trustee - Rwjbh SVP Facilities | Trustee | 55 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wm Blanchard Co Construction | 12/30/17 | $12,550,534 |
Rendina Development Company Of Amer Consulting | 12/30/17 | $2,454,251 |
Presidio Networked Solutions Inc It | 12/30/17 | $319,015 |
Tritech Associates Inc Security | 12/30/17 | $315,496 |
Thomas J O'beirne Co Inc Construction | 12/30/17 | $111,455 |
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 | $2,158,194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,454,689 |
| Net Gain/Loss on Asset Sales | $200,837 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,843,393 |
| 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 | $14,862 |
| 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 | $1,783,760 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,070,791 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,558,213 |
| Insurance | $126 |
| All other expenses | $0 |
| Total functional expenses | $9,498,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $75,520,054 |
| Investments—publicly traded securities | $14,945,522 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,071,376 |
| Total assets | $105,536,952 |
| Accounts payable and accrued expenses | $4,443,402 |
| Grants payable | $0 |
| Deferred revenue | $2,252,814 |
| 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 | $3,546,195 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $118,235,144 |
| Total liabilities | $128,477,555 |
| Net assets without donor restrictions | -$22,940,603 |
| 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 | $105,536,952 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Healthcare Foundation Of Pittsburgh Pittsburgh, PA | $167,156,555 | $15,944,425 |
North Shore-Lij Alliance Inc Westbury, NY | $6,390,042 | $18,631,414 |
St Josephs Health Center Properties Inc Syracuse, NY | $53,413,758 | $12,721,851 |
Keystonecare Wyndmoor, PA | $1,598,265 | $10,722,936 |
Nyu Langone Health System New York, NY | $245,971,553 | $8,933,478 |
Saint Barnabas Realty Development Corporation Oceanport, NJ | $105,536,952 | $4,843,393 |
Organon Patient Assistance Program Inc Jersey City, NJ | $0 | $8,297,106 |
Montefiore Hospital Housing Section Ii Inc Bronx, NY | $12,841,652 | $6,647,600 |
Healthcare Quality Strategies Inc East Brunswick, NJ | $11,662,499 | $3,252,425 |
Hudson Center For Health Equity And Quality Inc Tarrytown, NY | $2,027,375 | $2,100,690 |
Greater Newark Health Care Coalition Inc West Orange, NJ | $3,098,945 | $4,640,919 |
Hunterdon Urgent Care Pc Flemington, NJ | $1,053,306 | $4,672,476 |