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Nonprofiteer
← NEWPORT HEALTH PROPERTY MANAGEMENT INC

Form 990 for tax year 2024

Filed by NEWPORT HEALTH PROPERTY MANAGEMENT INC.

Totals

Total revenue
$404,764
Total expenses
$524,171
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$399,350
Investment income
$5,414
Other revenue
$0
Total assets, end of year
$3,239,623
Total liabilities, end of year
$66,066
Net assets or fund balances, end of year
$3,173,557
Program services expenses (Part IX)
$524,171
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$524,171

Program services were 100.0% 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: Rental Revenue

    total $399,350 · related or exempt $399,350 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,718 · related or exempt $0 · unrelated business $0 · excluded $1,718

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $17,168 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $13,472 · other assets $0

  • 7c · Gain or loss

    securities $3,696 · other assets $0

  • 7d · Net gain or loss

    total $3,696 · related or exempt $0 · unrelated business $0 · excluded $3,696

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $221,433 · program services $221,433 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $166,138 · program services $166,138 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Purchased Services

    total $136,600 · program services $136,600 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $400,104 · end of year $73,375

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $6,303,912

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,748,965

  • 10c · Land, buildings and equipment, net

    beginning of year $2,721,084 · end of year $2,554,947

  • 11 · Investments: publicly traded securities

    beginning of year $57,820 · end of year $64,722

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $241,430 · end of year $546,579

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,191 · end of year $3,444

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $14,771 · end of year $62,622

  • 27 · Net assets without donor restrictions

    beginning of year $3,291,476 · end of year $3,173,557

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

NHPM's purpose is the development of comprehensive, integrated health-care related services for the advancement and well-being of the community, through the ownership, management, and operation of real estate and other property, in furtherance of the purposes of Newport Health Care Corporation as well as Brown University Health and its affiliates.

Activities or mission (Part I)

Newport Health Property Management (NHPM) is operated for the purpose of supporting and encouraging the development of comprehensive, integrated health-care related services for the advancement and well-being of Newport County, Rhode Island.

  • NHPM owns, operates, and maintains health care real estate properties for the purpose of supporting and encouraging the development of comprehensive, integrated health-care related services for the advancement and well-being of Newport County, Rhode Island, consistent with the mission of Newport Health Care Corporation. All of the organization's program service expenses are for this purpose.

    Expenses $524,171 · Revenue $399,350

As filed on the 2024 return.

Listed in Part VII

  • John Fernandez

    Trustee

    Total calculated
    $2,016,723
    From this org
    $0
    From related orgs
    $1,651,362
    Other
    $365,361
    Hours/week
    0.1 + 72.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,550,583 related
    Bonus
    $0
    Other
    $0 + $100,779 related
    Deferred
    $0 + $334,533 related
    Nontaxable benefits
    $0 + $30,828 related
    Filer's total
    $0 + $2,016,723 related

  • Peter K Markell

    EVP & CFO

    Total calculated
    $1,505,315
    From this org
    $0
    From related orgs
    $1,464,555
    Other
    $40,760
    Hours/week
    0.1 + 59.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,221,588 related
    Bonus
    $0
    Other
    $0 + $242,967 related
    Deferred
    $0 + $18,975 related
    Nontaxable benefits
    $0 + $21,785 related
    Filer's total
    $0 + $1,505,315 related

  • Paul J Adler

    Secretary

    Total calculated
    $1,028,380
    From this org
    $0
    From related orgs
    $879,367
    Other
    $149,013
    Hours/week
    0.25 + 49.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $757,627 related
    Bonus
    $0
    Other
    $0 + $121,740 related
    Deferred
    $0 + $127,377 related
    Nontaxable benefits
    $0 + $21,636 related
    Filer's total
    $0 + $1,028,380 related

  • Marcia L Neiberg

    President

    Total calculated
    $769,838
    From this org
    $0
    From related orgs
    $630,795
    Other
    $139,043
    Hours/week
    0.25 + 49.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $613,885 related
    Bonus
    $0
    Other
    $0 + $16,910 related
    Deferred
    $0 + $106,215 related
    Nontaxable benefits
    $0 + $32,828 related
    Filer's total
    $0 + $769,838 related

  • Nicholas P Dominick

    Former President

    Total calculated
    $742,571
    From this org
    $0
    From related orgs
    $702,482
    Other
    $40,089
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $478,872 related
    Bonus
    $0
    Other
    $0 + $223,610 related
    Deferred
    $0 + $17,332 related
    Nontaxable benefits
    $0 + $22,757 related
    Filer's total
    $0 + $742,571 related

  • Eva Greenwood

    Treasurer

    Total calculated
    $655,551
    From this org
    $0
    From related orgs
    $539,491
    Other
    $116,060
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $516,279 related
    Bonus
    $0
    Other
    $0 + $23,212 related
    Deferred
    $0 + $91,782 related
    Nontaxable benefits
    $0 + $24,278 related
    Filer's total
    $0 + $655,551 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
  • 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)

Schedule J, Part I, Line 4
Line 4b: Brown University Health offers a non-qualified supplemental employee retirement plan to certain executives. The following individual was credited with the amount indicated during calendar year 2024 and such amount is included in deferred compensation on Schedule J, Part II, Column C: Paul Adler - $106,677. Nicholas P. Dominick - $5,513. John Fernandez - $313,833. Eva Greenwood - $73,257. Marcia L. Neiberg - $88,870. In 2024, the following individual became vested in and was paid a non-qualified supplemental employee retirement plan (SERP) amount and such amount is included in Medicare wages, more specifically on Schedule J, Part II, Column B(iii): Paul J. Adler - $89,854. Nicholas P. Dominick - $206,825. Peter K. Markell - $158,521. Participants included in Brown University Health's SERP are awarded plan contributions on a quarterly basis. Contributions and interest earned during a plan year vest after three years and are paid to plan participants at that time. SERP payments earned during the calendar year which have not yet vested are disclosed on Schedule J, Part II, Column C. Vested SERP payments received during the year are disclosed on Schedule J, Part II, Column B(iii) (as well as Column F if reported on Schedule J, Part II, Column C of a previously filed Form 990). Plan contributions awarded to participants who have reached age 62 become vested as of the beginning of the following calendar year.

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.

  • Brown University Health Alliance LLC

    Accountable Care Organization · RI

Related corporations and trusts

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

  • Brown University Health MSO

    C · Management Services · RI · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Brown University Health

  • Brown University Health Risk Services

    C · Risk Management · RI · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Brown University Health

  • Brown University Health Home Medical

    C · DME Sales · RI · 0% owned · share of income $0 · share of assets $0

    Directly controlled by The Miriam Hospital

Provenance

Return type
form_990
Tax year
2024
Filed
17 August 2026
IRS schema version
2024v5.0
Source object
202612309349301201

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