Bethesda Properties Inc
- Assets
- $39.5m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 08/1992
- Data as of
- 06/2022
- 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 06/2022, Bethesda Properties Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 1.0% 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
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 |
|---|---|---|---|
Mark Clement Trustee | Trustee | 1 | $0 |
Steve Mombach President | OfficerTrustee | 1 | $0 |
Andrew Devoe Treasurer | OfficerTrustee | 1 | $0 |
Marla Silliman Trustee | Trustee | 1 | $0 |
Steve Gracey Secretary | Officer | 1 | $0 |
Michael Crofton Former Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cushman & Wakefield Real Estate Mgmt | 6/29/22 | $1,039,186 |
Debra-kuempel Mep Services | 6/29/22 | $199,737 |
1st Green Commerical Cleaning & Landscap Janitorial | 6/29/22 | $168,468 |
Imperial Builders Inc General Contractor | 6/29/22 | $109,399 |
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 | $5,000,365 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $988,846 |
| Net Gain/Loss on Asset Sales | -$572,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,416,801 |
| 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 | $1,014,665 |
| 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 | $11,990 |
| Advertising and promotion | $0 |
| Office expenses | $6,928 |
| Information technology | $11,476 |
| Royalties | $0 |
| Occupancy | $1,294,482 |
| 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 | $1,034,931 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,439,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,901 |
| 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 | $30,388,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,025,099 |
| Total assets | $39,468,625 |
| Accounts payable and accrued expenses | $1,516,997 |
| Grants payable | $0 |
| Deferred revenue | $104,055 |
| 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 | $1,621,052 |
| Net assets without donor restrictions | $37,847,573 |
| 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 | $39,468,625 |