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← MERCY PROPERTY HOLDINGS

Form 990 for tax year 2023

Filed by MERCY PROPERTY HOLDINGS.

Totals

Total revenue
$698,803
Total expenses
$654,770
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$698,803
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,901,171
Total liabilities, end of year
$106,799
Net assets or fund balances, end of year
$1,794,372
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

Listed in Part VII

  • JEFFREY DEMPSEY

    PRESIDENT AND CHAIR

    Total calculated
    $557,903
    From this org
    $0
    From related orgs
    $488,860
    Other
    $69,043
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $324,575 related
    Bonus
    $0 + $80,497 related
    Other
    $0 + $83,788 related
    Deferred
    $0 + $39,010 related
    Nontaxable benefits
    $0 + $30,033 related
    Filer's total
    $0 + $557,903 related

  • Jennifer DIscher

    Secretary

    Total calculated
    $239,322
    From this org
    $0
    From related orgs
    $225,565
    Other
    $13,757
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,881 related
    Bonus
    $0 + $22,901 related
    Other
    $0 + $7,783 related
    Deferred
    $0 + $2,638 related
    Nontaxable benefits
    $0 + $11,119 related
    Filer's total
    $0 + $239,322 related

  • MATTHEW SAPARA

    TREASURER, VP OPERATIONS

    Total calculated
    $291,424
    From this org
    $0
    From related orgs
    $261,039
    Other
    $30,385
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,844 related
    Bonus
    $0 + $31,629 related
    Other
    $0 + $28,566 related
    Deferred
    $0 + $2,837 related
    Nontaxable benefits
    $0 + $27,548 related
    Filer's total
    $0 + $291,424 related

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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
Bon Secours Mercy Health, Inc., a related organization of the filing organization, uses the following to establish the compensation of the organization's CEO/President: Compensation Committee Independent Compensation Consultant Written Employment Contract Compensation Survey or Study Approval by the Board or Compensation Committee
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
The Northern Market nonqualified supplemental employee retirement plan is for certain highly compensated individuals as determined by the Board of Trustees' Executive Evaluation and Compensation Committee. The plan is no longer accepting new participants and the cessation of contributions has occurred. Participants vest in this plan and receive a benefit under this plan once they have satisfied both of these two conditions: (1) meet the vesting requirements of the applicable qualified plan, and (2) complete a 24-month post-employment non-compete requirement. AMOUNTS INCLUDIBLE IN TAXABLE COMPENSATION FOR LISTED PARTICIPATING INDIVIDUALS IN THE REPORTING YEAR WERE AS FOLLOWS: Jeffrey Dempsey $0.
Schedule J, Part I, Line 4b Terms and conditions of the Bon Secours Mercy Health System SERP
The Bon Secours Mercy Health System SERP is a non-qualified deferred compensation plan which provides supplemental retirement benefits to persons selected by the Board of Trustees or its delegate. The plan provides for annual credits of a specified percentage of an eligible participants base salary paid in a plan year and interest credits. Plan participants vest in plan credits after completing a three year class vesting schedule or earlier for death or total disability or reaching age 60 while employed, or due to involuntary separation of employment other than for cause. Payments during employment are made for required tax withholding and reduce the participants account balance. Distribution of the vested account balance in a lump sum occurs after termination of employment. Amounts includible as taxable compensation for listed individuals due to SERP participation in the reporting year were as follows: Jeffrey Dempsey $27,811.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202443029349300219

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