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Nonprofiteer
← UCHCFC CIRCLE ROAD CORP

Form 990 for tax year 2022

Filed by UCHCFC CIRCLE ROAD CORP.

Totals

Total revenue
$10,208,092
Total expenses
$7,877,367
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$10,171,221
Investment income
$20,078
Other revenue
$16,793
Total assets, end of year
$176,064,742
Total liabilities, end of year
$161,262,582
Net assets or fund balances, end of year
$14,802,160
Program services expenses (Part IX)
$7,868,121
Management and general expenses
$9,246
Fundraising expenses
$0
Program service expenses (Part III)
$7,868,121

Program services were 99.9% 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: DIRECT FINANCING LEASE INTEREST

    total $10,171,221 · related or exempt $10,171,221

  • 3 · Investment income

    total $20,078 · excluded $20,078

  • 6a · Gross rents

    real property $16,793

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $16,793

  • 6d · Net rental income or loss

    total $16,793 · excluded $16,793

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,496 · management and general $3,496

  • 20 · Interest

    total $7,865,439 · program services $7,865,439

  • 24a · Other expenses: LOAN SERVICING COSTS

    total $5,750 · management and general $5,750

  • 24b · Other expenses: OTHER EXPENSES

    total $2,682 · program services $2,682

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $421,984 · end of year $380,468

  • 15 · Other assets

    beginning of year $179,473,396 · end of year $175,684,274

  • 17 · Accounts payable and accrued expenses

    beginning of year $340,891 · end of year $325,074

  • 19 · Deferred revenue

    beginning of year $399,400 · end of year $380,468

  • 23 · Secured mortgages and notes payable

    beginning of year $166,579,044 · end of year $160,485,841

  • 25 · Other liabilities

    beginning of year $71,199 · end of year $71,199

  • 27 · Net assets without donor restrictions

    beginning of year $12,504,846 · end of year $14,802,160

Mission and programs · 2022

Mission

SUPPORTING ORGANIZATION TO THE UNIVERSITY OF CONNECTICUT HEALTH CENTER FINANCE CORPORATION. CIRCLE ROAD'S PRIMARY GOAL IS THE CONSTRUCTION OF THE OUTPATIENT PAVILION INCLUDING ITS ASSOCIATED FINANCING.

Activities or mission (Part I)

SUPPORTING ORGANIZATION TO THE UNIVERSITY OF CONNECTICUT HEALTH CENTER FINANCE CORPORATION. (SCH O)CIRCLE ROAD CORP HOLDS THE LOAN AND ASSOCIATED CONSTRUCTION ASSETS FOR THE CONSTRUCTION OF THE UNIVERSITY OF CONNECTICUT HEALTH CENTER'S OUTPATIENT PAVILION (PREVIOUSLY THE AMBULATORY CARE CENTER (ACC)).

  • THE UCHCFC CIRCLE ROAD CORPORATION SUBSTANTIALLY COMPLETED CONSTRUCTION OF THE OUTPATIENT PAVILION LATE IN APRIL 2015. THERE WAS A FULL YEAR OF OCCUPANCY OF THE OUTPATIENT PAVILION BY SUPPORTING ORGANIZATIONS AND THIRD PARTIES FOR MEDICAL PURPOSES IN FISCAL YEARS 2016-2023.

    Expenses $7,868,121 · Revenue $10,171,221

As filed on the 2022 return.

Listed in Part VII

  • BRUCE LIANG

    INTERIM CEO/EVP

    Total calculated
    $844,192
    From this org
    $0
    From related orgs
    $619,109
    Other
    $225,083
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $618,420 related
    Bonus
    $0
    Other
    $0 + $689 related
    Deferred
    $0 + $201,570 related
    Nontaxable benefits
    $0 + $23,513 related
    Filer's total
    $0 + $844,192 related

  • REDENKA MARIC

    PRESIDENT

    Total calculated
    $629,989
    From this org
    $0
    From related orgs
    $597,565
    Other
    $32,424
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $526,815 related
    Bonus
    $0 + $3,500 related
    Other
    $0 + $67,250 related
    Deferred
    $0 + $21,350 related
    Nontaxable benefits
    $0 + $11,074 related
    Filer's total
    $0 + $629,989 related

  • DENIS LAFRIENIERE

    FORMER DESIGNEE FOR CEO/EVP

    Total calculated
    $750,215
    From this org
    $0
    From related orgs
    $507,949
    Other
    $242,266
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $504,117 related
    Bonus
    $0 + $3,500 related
    Other
    $0 + $332 related
    Deferred
    $0 + $202,216 related
    Nontaxable benefits
    $0 + $40,050 related
    Filer's total
    $0 + $750,215 related

  • SUSAN HERBST

    FORMER PRESIDENT

    Total calculated
    $402,692
    From this org
    $0
    From related orgs
    $355,052
    Other
    $47,640
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,202 related
    Bonus
    $0 + $3,600 related
    Other
    $0 + $15,250 related
    Deferred
    $0 + $21,350 related
    Nontaxable benefits
    $0 + $26,290 related
    Filer's total
    $0 + $402,692 related

  • THOMAS KATSOULEAS

    FORMER PRESIDENT

    Total calculated
    $350,676
    From this org
    $0
    From related orgs
    $319,085
    Other
    $31,591
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $295,760 related
    Bonus
    $0 + $3,500 related
    Other
    $0 + $19,825 related
    Deferred
    $0 + $19,825 related
    Nontaxable benefits
    $0 + $11,766 related
    Filer's total
    $0 + $350,676 related

  • ANDREW AGWUNOBI

    FORMER PRESIDENT

    Total calculated
    $291,598
    From this org
    $0
    From related orgs
    $241,771
    Other
    $49,827
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,593 related
    Bonus
    $0
    Other
    $0 + $3,178 related
    Deferred
    $0 + $37,423 related
    Nontaxable benefits
    $0 + $12,404 related
    Filer's total
    $0 + $291,598 related

  • LLOYD BLANCHARD

    EXECUTIVE DIRECTOR (RESIGNED 12/22)

    Total calculated
    $289,640
    From this org
    $0
    From related orgs
    $262,547
    Other
    $27,093
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,741 related
    Bonus
    $0 + $3,500 related
    Other
    $0 + $19,306 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,093 related
    Filer's total
    $0 + $289,640 related

  • C ANTHONY SHIPPAM

    DIRECTOR

    Total calculated
    $750
    From this org
    $0
    From related orgs
    $750
    Other
    $0
    Hours/week
    1

  • DANIEL TOSCANO

    CHAIRMAN

    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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

  • UCONN HEALTH IMAGING LLC

    RELATED · DIAGNOSTIC IMAGING SERVICES · CT · 75% owned

    Directly controlled by UNIVERSITY OF CONNECTICUT HEALTH CENTER FINANCE CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202441229349302804

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