Hospital Properties Inc
- Assets
- $684.5m
- Revenue
- $66.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 02/1989
- Data as of
- 06/2022
- EIN
- 31-1206071
Organization Overview
Hospital Properties Inc is located in Columbus, OH. The organization was established in 1989. According to its NTEE Classification (E20) the organization is classified as: 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. Hospital Properties Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2022, Hospital Properties Inc generated $66.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $60.2m during the year ending 06/2022. While expenses have increased by 36.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND MANAGE PROPERTY FOR OHIOHEALTH CORPORATION. THE MISSION OF OHIOHEALTH CORPORATION IS TO 'IMPROVE THE HEALTH OF THOSE WE SERVE.'
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN AND MANAGE PROPERTY FOR OHIOHEALTH CORPORATION, A RELATED IRC SECTION 501(C)(3) ORGANIZATION, TO ENABLE THE HOSPITALS TO ACCOMPLISH THE EXEMPT PURPOSE OF PROVIDING HEALTH CARE SERVICES TO THEIR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Sr. VP And CFO | OfficerTrustee | 1 | $0 |
Name Not Listed Sr. VP And COO | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary Board | OfficerTrustee | 1 | $0 |
Name Not Listed Ceo/president | Officer | 1 | $0 |
Name Not Listed Frm Ceo/board Officer | 0 | $0 | |
Name Not Listed Frm Evp & COO | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Limbach Company Llc Building Systems R&m And Supplies | 6/29/22 | $688,185 |
City Wide Maintenance Of Columbus Cleaning And Janitorial Services | 6/29/22 | $642,341 |
Aj Asphalt Paving Services | 6/29/22 | $720,741 |
Yellowstone Landscape Inc Landscaping And Snow Removal | 6/29/22 | $424,186 |
Otis Elevator Company Elevator R&m | 6/29/22 | $259,301 |
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 | $65,765,017 |
| Investment income | $10,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $154,379 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,205,073 |
| 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 | $47,487 |
| 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 | $8,912,826 |
| Advertising and promotion | $86 |
| Office expenses | $111,938 |
| Information technology | $90,320 |
| Royalties | $0 |
| Occupancy | $26,416,360 |
| Travel | $16,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,376 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,465,278 |
| Insurance | $14,410 |
| All other expenses | $0 |
| Total functional expenses | $60,212,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,190,465 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,066,652 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $835,239 |
| Net Land, buildings, and equipment | $641,202,707 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,165,377 |
| Total assets | $684,460,440 |
| Accounts payable and accrued expenses | $23,362,045 |
| Grants payable | $0 |
| Deferred revenue | $41,295 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,054,182 |
| Total liabilities | $64,457,522 |
| Net assets without donor restrictions | $620,002,918 |
| 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 | $684,460,440 |