Central Iowa Health Properties Corporation
- Assets
- $56.2m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 09/1984
- Data as of
- 12/2021
- EIN
- 42-1233759
Organization Overview
Central Iowa Health Properties Corporation, operating under the name Unitypoint Health Properties-Dm, is located in Des Moines, IA. The organization was established in 1984. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Unitypoint Health Properties-Dm 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 12/2021, Unitypoint Health Properties-Dm generated $5.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. 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
IMPROVING THE HEALTH OF THE COMMUNITY THROUGH HEALING, CARING AND TEACHING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFILIATE SUPPORT SERVICESHOLD TITLE TO PROPERTY, COLLECT INCOME AND PAY EXPENSES RELATING TO THE USAGE OF THE PROPERTY, AND SUPPORT THE MISSION OF CENTRAL IOWA HEALTH SYSTEM, THE PARENT OF CENTRAL IOWA HEALTH PROPERTIES CORPORATION, BY REMITTING THE NET INCOME TO CENTRAL IOWA HEALTH SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Boarini MD Board Treasurer | OfficerTrustee | 1 | $0 |
Sheldon Ohringer Board Chair | OfficerTrustee | 1 | $0 |
John Schmidt Board Vice Chair | OfficerTrustee | 1 | $0 |
David Stark Board Member/ceo | OfficerTrustee | 1 | $0 |
Thomas Mathews Senior VP Finance/cfo | Officer | 1 | $0 |
Kirk Abrahamson Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Westown Parkway Enterprise Lc Rental Property | 12/30/20 | $233,504 |
Servicemaster Green Janitorial Services | 12/30/20 | $149,159 |
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 | $5,294,433 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $5,306,089 |
| 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 | $106,532 |
| Pension plan accruals and contributions | $4,800 |
| Other employee benefits | $21,287 |
| Payroll taxes | $7,683 |
| Fees for services: Management | $307,046 |
| 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 | $1,607 |
| Fees for services: Other | $241,777 |
| Advertising and promotion | $0 |
| Office expenses | $21,607 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,319,305 |
| 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 | $572,583 |
| Insurance | $29,292 |
| All other expenses | $0 |
| Total functional expenses | $2,660,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,295 |
| 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 | $33,491,326 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,291 |
| Net Land, buildings, and equipment | $18,366,791 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,261,730 |
| Total assets | $56,150,433 |
| Accounts payable and accrued expenses | $732,468 |
| Grants payable | $0 |
| Deferred revenue | $66,351 |
| 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 | $5,747,947 |
| Total liabilities | $6,546,766 |
| Net assets without donor restrictions | $49,603,667 |
| 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 | $56,150,433 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
D&t Facility Management Company St Paul, MN | $0 | $9,375,360 |
Nuway Alliance Minneapolis, MN | $20,306,360 | $15,942,429 |
Hospital Sisters Services Inc Springfield, IL | $27,796,605 | $8,284,892 |
Ascension Via Christi Property Services Inc St Louis, MO | $48,442,586 | $6,830,213 |
Immanuel Home & Community Resources Omaha, NE | $6,515,187 | $2,989,245 |
Skaggs Foundation Branson, MO | $49,386,738 | $7,551,223 |
Central Iowa Health Properties Corporation Des Moines, IA | $56,150,433 | $5,306,089 |
Otto Schoitz Foundation Waterloo, IA | $68,331,413 | $12,915,755 |
Keystone Alliance Chicago, IL | $1,024,529 | $2,358,365 |
Mbp Facility Llc Minneapolis, MN | $33,492,901 | $0 |
Core Foundation Chicago, IL | $10,986,019 | $391,940 |
Hshs Wisconsin Medical Group Inc Springfield, IL | $647,617 | $23,093 |