Gilchrist Baltimore Center Support Corporation
- Assets
- $17.8m
- Revenue
- $522.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Hunt Valley, MD
- Founding
- Data as of
- 06/2023
- EIN
- 85-4086504
Organization Overview
Gilchrist Baltimore Center Support Corporation is located in Hunt Valley, MD. According to its NTEE Classification (E11) the organization is classified as: Single Organization 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. Gilchrist Baltimore Center Support 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 06/2023, Gilchrist Baltimore Center Support Corporation generated $522.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 42.1% each year . All expenses for the organization totaled $956.1k during the year ending 06/2023. While expenses have increased by 36.9% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC OBJECTIVES OF THE CORPORATION SHALL BE TO: (I) SUPPORT GILCHRIST HOSPICE CARE, INC. ("GHC") SO LONG AS SUCH ORGANIZATION CONTINUES TO BE CREATED AND ORGANIZED FOR EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE; (II) DEVELOP, INITIATE, AND OPERATE PROJECTS THAT ARE CONSISTENT WITH THE NEEDS OF GHC; AND (III) ENGAGE IN ANY LAWFUL ACT OR ACTIVITY IN FURTHERANCE OF THE FOREGOING, PROVIDED SUCH ACTIVITIES ARE NOT IN VIOLATION, OR INCONSISTENT WITH, THE CORPORATION'S STATUS AS A CHARITABLE AND EDUCATIONAL ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE.
Describe the Organization's Program Activity:
GILCHRIST BALTIMORE CENTER SUPPORT CORPORATION ("GBCSC") WAS CREATED PRIMARILY TO SERVE AS THE QUALIFIED LOW INCOME BUSINESS ("QALICB") FOR PURPOSES OF THE NEW MARKET TAX CREDIT ("NMTC") FINANCING AGREEMENT FOR THE NEW INPATIENT HOSPICE FACILITY AT STADIUM PLACE, IN BALTIMORE CITY. IN THIS CAPACITY, GBCSC RECEIVED QUALIFIED LOW INCOME COMMUNITY INVESTMENT ("QLICI") LOANS TO FUND CONSTRUCTION OF THE NEW FACILITY. CONSTRUCTION OF THE HOSPICE FACILITY AT STADIUM PLACE WAS COMPLETED IN DECEMBER, 2021, AT WHICH POINT GBCSC BEGAN LEASING THE FACILITY TO GILCHRIST HOSPICE CARE, INC., ("GILCHRIST"), AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). GILCHRIST USES THE FACILITY TO PROVIDE INPATIENT HOSPICE AND ELDER MEDICAL CARE TO RESIDENTS OF BALTIMORE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Catherine Hamel President | OfficerTrustee | 1 | $0 |
Ms Elizabeth Lee Vice President | OfficerTrustee | 1 | $0 |
Ms Nichole Doyle Battle Secretary/treasurer | OfficerTrustee | 1 | $0 |
Ms Catherine Boyne Director | Trustee | 1 | $0 |
Ms Alison G Brown MPH Director | Trustee | 1 | $0 |
Ms Laurie R Beyer Evp & CFO Gbmc Healthcare | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southway Builders Construction | 6/29/22 | $6,220,276 |
Moseley Architects Architects/engineering | 6/29/22 | $614,961 |
Tydings And Rosenberg Legal Services | 6/29/22 | $301,703 |
Adt Commercial Security Services And Equip. | 6/29/22 | $186,449 |
Proutt Consulting Llc Owners Representative | 6/29/22 | $162,061 |
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 | $0 |
| Investment income | $5,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $517,752 |
| 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 | $522,882 |
| 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 | $13,092 |
| 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 | $213,149 |
| 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 | $193,956 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $535,890 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $956,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,484,921 |
| 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 | $208,500 |
| Net Land, buildings, and equipment | $14,488,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $568,441 |
| Total assets | $17,750,297 |
| Accounts payable and accrued expenses | $74,522 |
| 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 | $11,280,940 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,184,502 |
| Total liabilities | $16,539,964 |
| Net assets without donor restrictions | $1,210,333 |
| 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 | $17,750,297 |