Health Systems Real Estate Inc
- Assets
- $136.7m
- Revenue
- $19.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Gray, GA
- Founding
- 07/2003
- Data as of
- 06/2021
- EIN
- 43-2007488
Organization Overview
Health Systems Real Estate Inc is located in Gray, GA. The organization was established in 2003. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. As of 06/2021, Health Systems Real Estate Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Systems Real Estate Inc 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 06/2021, Health Systems Real Estate Inc generated $19.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $7.5m during the year ending 06/2021. 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
TO FINANCE, ACQUIRE, LEASE, MAINTAIN AND OWN SKILLED NURSING FACILITIES AND OTHER REAL ESTATE AS PART OF AN INTEGRATED HEALTH CARE DELIVERY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCED, ACQUIRED, LEASED, MAINTAINED, DEVELOPED AND OWNED SKILLED NURSING FACILITIES AND OTHER REAL ESTATE AS A MEMBER OF AN INTEGRATED HEALTH CARE DELIVERY SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward S Nelson Senior VP | Officer | 40 | $202,518 |
Laura Kennedy Vicepresiden | Officer | 40 | $106,745 |
Ronnie Rollins President, D | OfficerTrustee | 4 | $0 |
Lorraine T Taylor Secretary | Officer | 4 | $0 |
Randy Coody Chairman | Trustee | 4 | $0 |
Herbert M Ponder Jr Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Starr Leigh Thomas Interest | 6/29/18 | $422,168 |
Jonathan William Bennett Interest | 6/29/18 | $361,858 |
Joseph R Bennett Sr Interest | 6/29/18 | $186,187 |
Joseph Richard Bennett Ii Interest | 6/29/18 | $140,898 |
Dawn Ellen Howard Interest | 6/29/18 | $100,642 |
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 | $19,125,591 |
| Investment income | $58,083 |
| 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 | $19,183,674 |
| 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. | $343,164 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $548,752 |
| Pension plan accruals and contributions | $35,665 |
| Other employee benefits | $67,433 |
| Payroll taxes | $60,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,187 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,331 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $945,916 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,536,232 |
| Insurance | $21,407 |
| All other expenses | $72,810 |
| Total functional expenses | $7,458,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $498,454 |
| 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 | $134,537,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,666,413 |
| Total assets | $136,702,604 |
| Accounts payable and accrued expenses | $145,259 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $7,951,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,707,631 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,924 |
| Total liabilities | $18,817,814 |
| Net assets without donor restrictions | $117,884,790 |
| 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 | $136,702,604 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Systems Real Estate Inc Gray, GA | $136,702,604 | $19,183,674 |
El Reposo Nursing Facility Florence, AL | $3,887,460 | $5,113,081 |
Jfs At Home Inc Boca Raton, FL | $706,688 | $3,669,179 |
Colquitt Regional Health Inc Moultrie, GA | $1,117,660 | $3,232,215 |
Ddd Foundation Inc Atlanta, GA | $1,067,613 | $1,392,657 |
Maison De St Joseph Inc Miami Gardens, FL | $9,644 | $1,156,849 |
Dlc Nurse & Learn Inc Jacksonville, FL | $1,082,772 | $1,494,504 |
Georgia Nurses Association Inc Atlanta, GA | $528,685 | $666,876 |
High Pastures Christian Retreat Center Inc Burnsville, NC | $1,635,226 | $371,451 |
Shady Rest Care Pavilion Inc Fort Myers, FL | $22,406 | $1,974 |
Florida Pathways Inc Miami, FL | $533,676 | $0 |
San Marcos Nursing & Rehab Center Inc Maitland, FL | $777,707 | $115,456 |