Marymount Health Care Systems
- Assets
- $36.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Garfield Heights, OH
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 34-1408846
Organization Overview
Marymount Health Care Systems is located in Garfield Heights, OH. The organization was established in 1946. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Marymount Health Care Systems 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 12/2022, Marymount Health Care Systems generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. 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
PROVIDE HEALTH CARE SERVICES BY LEASING & OPERATING FACILITIES CONSISTENT WITH THE PHILOSPHY OF THE ROMAN CATHOLIC RELIGIOUS CONGREGATION KNOWN AS THE SISTERS OF ST JOSEPH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUBLEASED ALL LAND IMPROVEMENTS, BUILDINGS, AND LEASEHOLD IMPROVEMENTS TO VILLAGE AT MARYMOUNT, A 501(C)(3) ORGANIZATION THAT PROVIDED 33,079 DAYS OF PATIENT CARE AT ITS NURSING HOME RETIREMENT CENTER AND SKILLED CARE FACILITY IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffry A Myers Ex-Officio COO | Officer | 3 | $0 |
Sister Betty Gulick Trustee | Trustee | 1 | $0 |
Joseph Derosa Trustee | Trustee | 1 | $0 |
Gerald P Jarzabek Vice Chair | Trustee | 1 | $0 |
Bradley R Knapp Trustee | Trustee | 1 | $0 |
Matthew P Lopiccolo Chair | Trustee | 1 | $0 |
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 | $1,307,858 |
| Investment income | $41,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$66,441 |
| Net Gain/Loss on Asset Sales | $812,352 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,095,073 |
| 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 | $138,293 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,355 |
| Fees for services: Other | $5,144 |
| Advertising and promotion | $0 |
| Office expenses | $5 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $393,355 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,085,298 |
| Insurance | $326,435 |
| All other expenses | $0 |
| Total functional expenses | $2,001,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,433 |
| 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 | $103,457 |
| Net Land, buildings, and equipment | $15,048,933 |
| Investments—publicly traded securities | $1,807,700 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,906,697 |
| Total assets | $36,237,220 |
| Accounts payable and accrued expenses | $175,205 |
| Grants payable | $0 |
| Deferred revenue | $3,850 |
| 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 | $16,663,539 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,995,360 |
| Total liabilities | $18,837,954 |
| Net assets without donor restrictions | $17,399,266 |
| 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 | $36,237,220 |