Bethesda Properties Inc
- Assets
- $37.7m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 08/1992
- Data as of
- 06/2021
- EIN
- 31-1352694
Organization Overview
Bethesda Properties Inc is located in Cincinnati, OH. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethesda 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, Bethesda Properties Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. While expenses have increased by 5.3% per year over the past 6 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
MANAGEMENT OF PROPERTIES IN SUPPORT OF TAX-EXEMPT HEALTHCARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETHESDA PROPERTIES, INC. PROVIDES COST EFFECTIVE MEDICAL OFFICE SPACE PRIMARILY TO THE NOT-FOR-PROFIT BUSINESSES OF BETHESDA HOSPITAL, INC. IN SUPPORT OF ITS MISSION TO DELIVER HEALTHCARE SERVICES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Mombach President (start 7/2020) | OfficerTrustee | 1 | $0 |
Andrew Devoe Treasurer | OfficerTrustee | 1 | $0 |
Steve Gracey Secretary | Officer | 1 | $0 |
Mark Clement Trustee (start 7/2020) | Trustee | 1 | $0 |
Marla Silliman Trustee | Trustee | 1 | $0 |
Donna Nienaber ESQ Former Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cushman & Wakefield Real Estate Mgmt | 6/29/21 | $1,091,992 |
Gsf Usa Inc Janitorial | 6/29/21 | $176,775 |
Debra-kuempel Mep Services | 6/29/21 | $140,597 |
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 | $5,045,439 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,068,924 |
| 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 | $6,114,363 |
| 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 | $1,003,991 |
| 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 | $8,262 |
| Advertising and promotion | $0 |
| Office expenses | $8,751 |
| Information technology | $15,568 |
| Royalties | $0 |
| Occupancy | $2,010,391 |
| 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 | $1,262,213 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,376,686 |
| 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 | $29,213,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,523,222 |
| Total assets | $37,736,609 |
| Accounts payable and accrued expenses | $1,763,700 |
| Grants payable | $0 |
| Deferred revenue | $103,053 |
| 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 | $0 |
| Total liabilities | $1,866,753 |
| Net assets without donor restrictions | $35,869,856 |
| 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 | $37,736,609 |
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