St Mary Building And Development
- Assets
- $20.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Langhorne, PA
- Founding
- Data as of
- 06/2021
- EIN
- 46-1827502
Organization Overview
St Mary Building And Development is located in Langhorne, PA. St Mary Building And Development 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 06/2021, St Mary Building And Development generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $985.1k 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 HOLD TITLE TO PROPERTY FOR ST. MARY MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. MARY BUILDING AND DEVELOPMENT (SMBD) HOLDS TITLE TO THE 55,000 SQUARE-FOOT, 50-BED, ACUTE-CARE INPATIENT HOSPITAL, WHICH IS LOCATED ACROSS THE STREET FROM ST. MARY MEDICAL CENTER (SMMC) IN LANGHORNE, PA. AS A 501 (C) (2) ORGANIZATION, SMBD'S FUNCTIONS ARE LIMITED TO: FUNDING THE CONSTRUCTION OF THE REHABILITATION HOSPITAL, HOLDING TITLE TO THE BUILDING, COLLECTING RENT FROM THE ST. MARY REHABILITATION HOSPITAL, LLP PARTNERSHIP, MAINTAINING THE BUILDING, AND DISTRIBUTING THE RENTAL INCOME TO SMMC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Brilliant MD Director; Smmc President | OfficerTrustee | 0.2 | $0 |
Joseph Desantis Director; Chair | OfficerTrustee | 0.2 | $0 |
Rebecca Kerchner Director; Vice Chair | OfficerTrustee | 0.2 | $0 |
Maryanne Spallucci Treasurer; Thma Regional CFO | Officer | 0.2 | $0 |
Catherine Mikus Secretary; General Counsel | Officer | 0.2 | $0 |
James Woodward Dir; CEO Trinity Health Mid-Atlantic | Trustee | 0.2 | $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 | $2,071,081 |
| Investment income | $0 |
| 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 | $2,071,081 |
| 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 | $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 | $124 |
| Advertising and promotion | $0 |
| Office expenses | $1,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $376,918 |
| 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 | $507,952 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $985,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,985,076 |
| 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 | $10,857 |
| Net Land, buildings, and equipment | $16,742,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,194,808 |
| Total assets | $20,932,990 |
| Accounts payable and accrued expenses | $2,400 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $21,163,464 |
| Total liabilities | $21,165,864 |
| Net assets without donor restrictions | -$232,874 |
| 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 | $20,932,990 |
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