Hospital Properties Inc
- Assets
- $467.7m
- Revenue
- $50.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 02/1989
- Data as of
- 06/2021
- 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 06/2021, Hospital Properties Inc generated $50.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $53.6m during the year ending 06/2021. 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
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Frm Cfo/president Medcentral Health System | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Limbach Company Llc Mechanical Electrical Plumbing + Control R&m | 6/29/21 | $380,493 |
Lithko Restoration Technologies Llc Parking Garage Critical Observation Services | 6/29/21 | $614,184 |
Environment Control Of Southwest Oh Inc Janitorial Maintenance | 6/29/21 | $344,334 |
City Wide Maintenance Of Columbus Housekeeping And Floorcare | 6/29/21 | $241,171 |
Grass Groomers Inc Landscape Maintenance And Snow Removal | 6/29/21 | $922,459 |
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 | $51,403,176 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$976,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,467,176 |
| 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 | $28,951 |
| 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 | $7,958,087 |
| Advertising and promotion | $0 |
| Office expenses | $54,096 |
| Information technology | $8,566 |
| Royalties | $0 |
| Occupancy | $28,569,285 |
| Travel | $1,215 |
| 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 | $12,730,680 |
| Insurance | $11,897 |
| All other expenses | $0 |
| Total functional expenses | $53,598,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $359,508 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,346,558 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,999,111 |
| Net Land, buildings, and equipment | $359,315,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,684,041 |
| Total assets | $467,704,966 |
| Accounts payable and accrued expenses | $5,570,730 |
| Grants payable | $0 |
| Deferred revenue | $63,914 |
| 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 | $121,342,629 |
| Total liabilities | $126,977,273 |
| Net assets without donor restrictions | $340,727,693 |
| 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 | $467,704,966 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kennedy Medical Group Practice Pc Philadelphia, PA | $26,969,347 | $86,553,116 |
Munson Healthcare Cadillac Traverse City, MI | $113,351,457 | $123,901,366 |
Munson Healthcare Grayling Traverse City, MI | $58,695,179 | $98,806,333 |
Lansdale Hospital Corporation Philadelphia, PA | $118,782,956 | $101,956,117 |
St Josephs Hospital Of Buckhannon Inc Buckhannon, WV | $76,723,048 | $91,224,270 |
Healthnet Inc Indianapolis, IN | $38,369,319 | $82,635,929 |
Flaget Healthcare Inc Bardstown, KY | $173,311,439 | $79,013,923 |
Indiana University Health Bedford Inc Indianapolis, IN | $133,550,962 | $102,970,071 |
Mountain View Cancer Associates Inc Pittsburgh, PA | $24,272,859 | $68,382,777 |
Geisinger-Bloomsburg Hospital Danville, PA | $68,573,101 | $69,719,008 |
Bronson Lakeview Hospital Kalamazoo, MI | $57,372,816 | $77,608,050 |
Gsl Hospital Allentown, PA | $96,235,498 | $59,633,302 |