Medstone Realty Company Llc
- Assets
- $22.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 12/2015
- Data as of
- 06/2021
- EIN
- 47-2884103
Organization Overview
Medstone Realty Company Llc is located in Columbus, OH. The organization was established in 2015. 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. Medstone Realty Company Llc 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, Medstone Realty Company Llc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.8%) each year. All expenses for the organization totaled $1.4m 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
THE ORGANIZATION WAS FORMED TO ENGAGE IN ACQUIRING LAND FOR THE CONSTRUCTION AND DEVELOPMENT OF A NEW AMBULATORY CARE MEDICAL FACILITY IN UPPER ARLINGTON AT THE KINGSDALE SHOPPING CENTER LOCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRED LAND FOR THE CONSTRUCTION AND DEVELOPMENT OF A NEW AMBULATORY CARE MEDICAL FACILITY IN UPPER ARLINGTON AT THE KINGSDALE SHOPPING CENTER LOCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Hoffsis President | Officer | 2 | $0 |
Keith Myers CEO | Officer | 0 | $0 |
Heidi Mccabe Secretary | Officer | 0 | $0 |
Jake Wozniak Treasurer | Officer | 0 | $0 |
Jack Kasey Chairman | Trustee | 0 | $0 |
Melissa Shivers Director | Trustee | 0 | $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 | $1,621,277 |
| 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 | $1,621,277 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $819,408 |
| Insurance | $0 |
| All other expenses | $579,600 |
| Total functional expenses | $1,399,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $589,980 |
| 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 | $21,857,575 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,448,451 |
| Accounts payable and accrued expenses | $590,203 |
| Grants payable | $0 |
| Deferred revenue | $20,846,458 |
| 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 | $0 |
| Total liabilities | $21,436,661 |
| Net assets without donor restrictions | $1,011,790 |
| 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 | $22,448,451 |
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Catholic Health Care Services Supportive Independent Living North Wales, PA | $2,219,624 | $3,053,243 |
Portage Health Foundation Hancock, MI | $85,620,667 | $8,148,515 |
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