Bronson Properties Corporation
- Assets
- $80.9m
- Revenue
- $15.0m
- Investments
- $1.4m
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 38-6052573
Organization Overview
Bronson Properties Corporation is located in Kalamazoo, MI. The organization was established in 2003. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Bronson Properties Corporation 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 12/2021, Bronson Properties Corporation generated $15.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $13.9m during the year ending 12/2021. While expenses have increased by 6.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDED OFFICE FACILITIES FOR BRONSON HEALTHCARE GROUP, CLINICS, SUBSIDIARIES, AND PHYSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED OFFICE FACILITIES FOR BRONSON HEALTHCARE GROUP, INCLUDING ITS SUBSIDIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manns Bill President And CEO | OfficerTrustee | 4.6 | $0 |
Eberts Randall PHD Vice Chair | OfficerTrustee | 1 | $0 |
Karre Nelson Chair | OfficerTrustee | 1 | $0 |
Nyberg Neil Secretary | OfficerTrustee | 1 | $0 |
James Barbara Treasurer | OfficerTrustee | 1 | $0 |
East Rebecca L Sr VP CFO Bhg | Officer | 4.6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ventas Realty Capital Healthcare Trust Office Space | 12/30/19 | $2,788,814 |
Callander Commercial Office Space | 12/30/19 | $854,011 |
Gull Road Equity Partners Llc Office Space | 12/30/19 | $490,624 |
Norman Portage Llc Office Space | 12/30/19 | $857,038 |
Commercial Iii Office Space | 12/30/19 | $341,131 |
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 | $14,326,498 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $387,665 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,014,502 |
| 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 | $53,049 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $907,929 |
| Advertising and promotion | $0 |
| Office expenses | $93,746 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,084,326 |
| Travel | $10,754 |
| 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 | $2,158,575 |
| Insurance | $27,079 |
| All other expenses | $0 |
| Total functional expenses | $13,900,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,027,932 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,946 |
| 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 | $541,706 |
| Net Land, buildings, and equipment | $38,655,843 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,440,888 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,200,797 |
| Total assets | $80,947,112 |
| Accounts payable and accrued expenses | $508,734 |
| Grants payable | $0 |
| Deferred revenue | $1,006,792 |
| 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 | $36,200,797 |
| Total liabilities | $37,716,323 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $22,471 |
| Paid-in or capital surplus, or land, building, or equipment fund | $52,330,329 |
| Retained earnings, endowment, accumulated income, or other funds | -$9,122,011 |
| Total liabilities and net assets/fund balances | $80,947,112 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bronson Properties Corporation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Bronson Health Foundation Inc Kalamazoo, MI PURPOSE: LISC GRANT-HOUSING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
International Brotherhood Of Elec Workers 683 Health & Welfare Fund Lansing, MI | $27,261,838 | $34,571,326 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
Versiti Inc Milwaukee, WI | $31,675,126 | $28,432,711 |
Indiana University Health Foundation Inc Indianapolis, IN | $328,480,588 | $51,478,300 |
Promedica Foundation Toledo, OH | $412,976,640 | $33,946,131 |
Michiana Area Electrical Workers Health & Welfare Fund Lansing, MI | $25,252,279 | $21,753,324 |
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |