St Lukes Properties Corporation
- Assets
- $59.4m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 10/1997
- Data as of
- 06/2021
- EIN
- 76-0531716
Organization Overview
St Lukes Properties Corporation is located in Houston, TX. The organization was established in 1997. According to its NTEE Classification (E60) the organization is classified as: Health 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. St Lukes 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 06/2021, St Lukes Properties Corporation generated $3.2m 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 (16.6%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 6 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
THE SOLE PURPOSE FOR ESTABLISHING ST. LUKE'S PROPERTIES CORPORATION IS FOR THE BENEFIT OF CHI ST. LUKE'S HEALTH BAYLOR COLLEGE OF MEDICINE MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. LUKE'S PROPERTIES CORPORATION HOLDS TITLE TO AND PROVIDES MANAGEMENT SERVICES FOR SOME OF THE CHI ST. LUKE'S HEALTH SYSTEM CORPORATION REAL ESTATE ASSETS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Douglas Lawson PHD CEO Of Chi St. Luke's Health System | Officer | 1 | $0 |
Mark Teresi Former CFO Of Chi St. Luke's Health System | Officer | 1 | $0 |
Linda Kulhanek CFO Of Chi St. Luke's Health System | Officer | 1 | $0 |
David Hearne Board Member | Trustee | 1 | $0 |
Paul Arrington Board Member | Trustee | 1 | $0 |
Leonard Tallerine Jr Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sp Plus Corp Parking Services | 6/29/21 | $342,890 |
Baylor College Of Medicine Physician Services | 6/29/21 | $402,935 |
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 | $890,764 |
| Investment income | $1,468,338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $862,427 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,221,529 |
| 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 | $45,080 |
| Advertising and promotion | $0 |
| Office expenses | $14,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,801,417 |
| 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 | $239,183 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,191,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $932,217 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,802 |
| 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 | $63,448 |
| Net Land, buildings, and equipment | $128,373 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,223,073 |
| Total assets | $59,431,913 |
| Accounts payable and accrued expenses | $369,021 |
| Grants payable | $0 |
| Deferred revenue | -$13,495 |
| 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 | $8,410,750 |
| Total liabilities | $8,766,276 |
| Net assets without donor restrictions | $50,665,637 |
| 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 | $59,431,913 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeast Texas Regional Advisory Council Houston, TX | $4,089,891 | $16,447,154 |
The Preemptive Love Coalition Hewitt, TX | $18,071,135 | $12,206,645 |
Texas Health Medical Support Arlington, TX | $2,020,699 | $9,800,763 |
Parkland Center For Clinical Innovation Dallas, TX | $12,723,447 | $7,843,853 |
Community Health Connection Inc Tulsa, OK | $9,079,749 | $13,914,137 |
Halo Flight Inc Corpus Christi, TX | $37,866,404 | $10,412,099 |
Margaret Place Properties Inc Shreveport, LA | $197,007,270 | $4,848,539 |
Informed Consent Action Network Austin, TX | $6,446,816 | $13,347,386 |
Paeon Health Services Inc Austin, TX | $282,647 | $5,044,933 |
Victoria Healthcare Resources Pleasant Hill, LA | $1,068,277 | $4,292,409 |
Methodist Transplant Physicians Dallas, TX | $10,252 | $4,096,423 |
Central Texas Palliative Care Associates Austin, TX | $672,314 | $3,390,990 |