Form 990 for tax year 2022
Filed by CHARLESTON MEDICAL CENTER HOUSING CORPORATION.
Totals
- Total revenue
- $1,840,283
- Total expenses
- $1,363,367
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $941,301
- Investment income
- $898,982
- Other revenue
- $0
- Total assets, end of year
- $16,502,293
- Total liabilities, end of year
- $1,372,014
- Net assets or fund balances, end of year
- $15,130,279
- Program services expenses (Part IX)
- $1,010,820
- Management and general expenses
- $352,547
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,010,820
Program services were 74.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: Program Service Revenue
total $941,301 · related or exempt $941,301
-
3 · Investment income
total $522,193 · excluded $522,193
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $1,727,908
-
7b · Less cost or other basis and sales expenses
securities $1,351,119
-
7c · Gain or loss
securities $376,789
-
7d · Net gain or loss
total $376,789 · excluded $376,789
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $330,000 · management and general $330,000
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $12,239 · management and general $12,239
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $10,308 · management and general $10,308
-
11g · Fees: other
total $23,941 · program services $23,941
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $1,813 · program services $1,813
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $197,935 · program services $197,935
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $39,440 · program services $39,440
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $276,087 · program services $276,087
-
23 · Insurance
total $43,127 · program services $43,127
-
24a · Other expenses: Repairs and Maintenance
total $362,616 · program services $362,616
-
24b · Other expenses: Minor Durables
total $31,705 · program services $31,705
-
24c · Other expenses: Other Taxes
total $23,100 · program services $23,100
-
24d · Other expenses: Banking Fees
total $8,851 · program services $8,851
-
24e · All other expenses
total $2,205 · program services $2,205
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $390,951 · end of year $194,831
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $21,495 · end of year $12,214
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$14,653,205
-
10b · Land, buildings and equipment: accumulated depreciation
$9,599,797
-
10c · Land, buildings and equipment, net
beginning of year $5,280,156 · end of year $5,053,408
-
11 · Investments: publicly traded securities
beginning of year $10,254,459 · end of year $11,241,840
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $179,263 · end of year $69,870
-
19 · Deferred revenue
beginning of year $3,569 · end of year $1,640
-
20 · Tax-exempt bond liabilities
beginning of year $1,305,245 · end of year $1,193,545
-
25 · Other liabilities
beginning of year $104,328 · end of year $106,959
-
27 · Net assets without donor restrictions
beginning of year $14,354,656 · end of year $15,130,279
Mission and programs · 2022
Mission
See Schedule O
-
To provide housing for students, interns, residents and other Allied Health professionals training at Charleston Area Medical Center, Inc., a non-stock, nonprofit corporation organized under the laws of the state of West Virginia and Robert C. Byrd Health Sciences Center of West Virginia University, Charleston Division WVU Charleston, a part of the West Virginia University to help aid, assist and advance education by providing housing for students, interns, residents and other Allied Health professionals to construct, acquire, establish, enlarge, improve, operate and maintain apartments and to rent such apartments to such persons and their families and to assist generally in the educational undertakings of CAMC or WVU Charleston.
Expenses $1,010,820 · Revenue $941,301
As filed on the 2022 return.
Listed in Part VII
-
David L Ramsey
President & CEO
- Total calculated
- $2,212,328
- From this org
- $0
- From related orgs
- $2,014,589
- Other
- $197,739
- Hours/week
- 1 + 56.5 related
Schedule J breakdown matched by us
- Base
- not reported + $1,488,436 related
- Bonus
- not reported + $312,916 related
- Other
- not reported + $213,237 related
- Deferred
- not reported + $155,200 related
- Nontaxable benefits
- not reported + $42,539 related
- Filer's total
- not reported + $2,212,328 related
-
Stephen Bell
Treasurer
- Total calculated
- $780,513
- From this org
- $0
- From related orgs
- $729,602
- Other
- $50,911
- Hours/week
- 2 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $453,865 related
- Bonus
- not reported + $117,744 related
- Other
- not reported + $157,993 related
- Deferred
- not reported + $12,200 related
- Nontaxable benefits
- not reported + $38,711 related
- Filer's total
- not reported + $780,513 related
-
Shelda A Martin MD
Director
- Total calculated
- $416,336
- From this org
- $0
- From related orgs
- $372,161
- Other
- $44,175
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $341,446 related
- Bonus
- not reported + $30,665 related
- Other
- not reported + $50 related
- Deferred
- not reported + $12,200 related
- Nontaxable benefits
- not reported + $31,975 related
- Filer's total
- not reported + $416,336 related
-
Chad Hovis
Treasurer
- Total calculated
- $197,923
- From this org
- $0
- From related orgs
- $177,354
- Other
- $20,569
- Hours/week
- 2 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $134,021 related
- Bonus
- not reported + $40,000 related
- Other
- not reported + $3,333 related
- Deferred
- not reported + $12,919 related
- Nontaxable benefits
- not reported + $7,650 related
- Filer's total
- not reported + $197,923 related
-
Jack L Webb
Secretary
- Total calculated
- $103,434
- From this org
- $0
- From related orgs
- $69,646
- Other
- $33,788
- Hours/week
- 40
-
James P Griffith MD
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
John Linton PhD
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brad M Rowe
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jon Cavendish
Director
- Total calculated
- $0
- Hours/week
- 1
-
Richard C Sinclair
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part III, Additional Information
- Part I, Line 4b: David Ramsey has been paid out their SERP. Under the Execu-Flex Benefit Plan 409A, executives receive 11 of their salary in flex allowance. This flex allowance is used to elect executive benefits. Any remaining flex allowance is credited to a tax-deferred Capital Accumulation Account. The minimum vesting period is two years, maximum age is 68. A two year non-compete agreement Substantial Risk of Forfeiture Agreement applies if termination of employment occurs prior to the vesting date. Certain participants had amounts vested and included as reportable compensation this year, as detailed: Stephen Bell- $23,142 and Dave Ramsey $142,017
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Charleston Area Medical Center Inc
501 c 3 · Hospital · WV
Directly controlled by Vandalia Health
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 21 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410819349301211
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