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← NORTH COUNTY CORPORATION 1000 EMPIRE TOWERS

Form 990 for tax year 2023

Filed by NORTH COUNTY CORPORATION 1000 EMPIRE TOWERS.

Totals

Total revenue
$864,831
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$864,831
Total assets, end of year
$16,203,068
Total liabilities, end of year
$225,266
Net assets or fund balances, end of year
$15,977,802
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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.

  • 2f · All other program service revenue

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

  • 6a · Gross rents

    real property $2,531,681

  • 6b · Less rental expenses

    real property $1,666,850

  • 6c · Rental income or loss

    real property $864,831 · personal property $0

  • 6d · Net rental income or loss

    total $864,831 · related or exempt $0 · unrelated business $0 · excluded $864,831

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0

  • 11g · Fees: other

    total $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,025,724 · end of year $4,324,095

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $56,336 · end of year $66,887

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

    $21,780,938

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

    $10,315,576

  • 10c · Land, buildings and equipment, net

    beginning of year $11,784,985 · end of year $11,465,362

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,304,115 · end of year $346,724

  • 17 · Accounts payable and accrued expenses

    beginning of year $563,848 · end of year $188,763

  • 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

  • 25 · Other liabilities

    beginning of year $39,153 · end of year $36,503

  • 27 · Net assets without donor restrictions

    beginning of year $16,568,159 · end of year $15,977,802

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

REAL ESTATE HOLDING COMPANY FOR BALTIMORE WASHINGTON MEDICAL CENTER, INC., AN IRC SECTION 501(c)(3) ORGANIZATION.

  • REAL ESTATE HOLDING COMPANY FOR BALTIMORE WASHINGTON MEDICAL CENTER, INC., AN IRC SECTION 501(c)(3) ORGANIZATION.

As filed on the 2023 return.

Listed in Part VII

  • Alfred A Pietsch

    TREASURER

    Total calculated
    $500,182
    From this org
    $0
    From related orgs
    $464,336
    Other
    $35,846
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,777 related
    Bonus
    $0 + $71,849 related
    Other
    $0 + $70,710 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $22,646 related
    Filer's total
    $0 + $500,182 related

  • Jason Carter

    SVP and COO (end 11/2023)

    Total calculated
    $448,895
    From this org
    $0
    From related orgs
    $375,294
    Other
    $73,601
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $295,384 related
    Bonus
    $0 + $68,855 related
    Other
    $0 + $11,055 related
    Deferred
    $0 + $44,972 related
    Nontaxable benefits
    $0 + $28,629 related
    Filer's total
    $0 + $448,895 related

  • Kathleen C McCollum

    CEO AND PRESIDENT, UMBWMC

    Total calculated
    $799,389
    From this org
    $0
    From related orgs
    $757,526
    Other
    $41,863
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $481,614 related
    Bonus
    $0 + $160,162 related
    Other
    $0 + $115,750 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $28,663 related
    Filer's total
    $0 + $799,389 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
THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES; ALL COMPENSATION TO OFFICERS, DIRECTORS, AND KEY EMPLOYEES REPORTED ON PART VII OF FORM 990 WAS PAID BY A RELATED ORGANIZATION, UNIVERSITY OF MARYLAND BALTIMORE WASHINGTON MEDICAL SYSTEM (UMBWMS). THE RELATED ENTITY CHECKS THE FOLLOWING BOXES FOR SCHEDULE J, QUESTION 3 ON ITS FORM 990: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION STUDY OR SURVEY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
DURING THE FISCAL YEAR-ENDED JUNE 30, 2024, CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATED IN THE UNIVERSITY OF MARYLAND MEDICAL SYSTEM (UMMS) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUALS LISTED BELOW HAVE VESTED IN THE PLAN IN A PRIOR YEAR, THEREFORE THE CONTRIBUTIONS TO THE PLAN FOR THE FISCAL YEAR ARE REPORTED AS TAXABLE COMPENSATION AND REPORTED ON SCHEDULE J, PART II, LINE B (III), OTHER REPORTABLE COMPENSATION: ALFRED A. PIETSCH, $43,038 KATHLEEN C. MCCOLLUM, $83,988

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.

  • BALTIMORE WASHINGTON IMAGING

    N/A · HEALTHCARE · MD

    Directly controlled by UMBWMS

  • UNIVERSITYCARE LLC

    N/A · HEALTHCARE · MD

    Directly controlled by UMMSC

  • O'DEA MEDICAL ARTS LIMITED PAR

    N/A · RENTAL · MD

    Directly controlled by SJMC PROP

  • ADVANCED IMAGING AT ST JOSEPH

    N/A · HEALTHCARE · MD

    Directly controlled by UMSJMC

  • UNIVERSITY OF MARYLAND CHARLES

    N/A · HEALTHCARE · MD

    Directly controlled by UMCRCP

  • BALTIMORE ASC VENTURES LLC

    N/A · HEALTHCARE · DE

    Directly controlled by UMSJMC

  • UCHSUMMS Real Estate Trust

    N/A · Holding Co · MD

    Directly controlled by UMMSC

  • UM Chesapeake Surgery Center LLC

    N/A · Healthcare · MD

    Directly controlled by UCHV

Related corporations and trusts

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

  • NA EXECUTIVE BUILDING CONDO ASSN INC

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • UM CHARLES REGIONAL CARE PARTNERS

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • UNIVERSITY MIDTOWN PROF CENTER

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • UNIVERSITY OF MARYLAND MEDICAL SYSTEM HE

    C Corporation · INSURANCE · MD

    Directly controlled by NA

  • UPPER CHESAPEAKE HEALTH VENTURES INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • UPPER CHESAPEAKE MEDICAL CENTER LAND CON

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • UPPER CHESAPEAKE MEDICAL OFFICE BUILDING

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • SHORE ORTHOPEDICS INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • MADISON MANOR INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • AFFILIATED ENTERPRISES INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • RIVERSIDE HEALTH OF DELAWARE INC

    C Corporation · HEALTHCARE · DE

    Directly controlled by NA

  • RIVERSIDE HEALTH OF DC INC

    C Corporation · HEALTHCARE · DC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349309575

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