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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Kulhanek CFO Of Chi St. Luke's Health System | Officer | 1 | $0 |
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 |
Paul Arrington Board Member | Trustee | 1 | $0 |
David Hearne 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 |