Totals
- Total revenue
- $14,684,622
- Total expenses
- $10,335,570
- Contributions and grants received
- $4,285,767
- Grants paid
- $0
- Program service revenue
- $10,368,055
- Investment income
- $30,800
- Other revenue
- $0
- Total assets, end of year
- $82,727,595
- Total liabilities, end of year
- $94,049,654
- Net assets or fund balances, end of year
- -$11,322,059
- Program services expenses (Part IX)
- $10,284,741
- Management and general expenses
- $50,829
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $10,284,741
Program services were 99.5% 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.
-
1d · Related organizations
$4,285,767
-
2a · Program service revenue: HEALTH, WELLNESS & EDUCATION CENT
total $5,599,789 · related or exempt $5,599,789
-
2b · Program service revenue: APARTMENTS
total $3,243,414 · related or exempt $3,243,414
-
2c · Program service revenue: MEDICAL OFFICE BUILDING
total $1,524,852 · related or exempt $1,524,852
-
4 · Income from investment of tax-exempt bond proceeds
total $30,800 · excluded $30,800
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $189,139 · program services $189,139
-
9 · Other employee benefits
total $41,416 · program services $41,416
-
11a · Fees: management
total $111,837 · program services $111,837
-
11b · Fees: legal
total $2,274 · management and general $2,274
-
11c · Fees: accounting
total $26,471 · management and general $26,471
-
11g · Fees: other
total $17,193 · program services $17,193
-
12 · Advertising and promotion
total $1,549 · management and general $1,549
-
13 · Office expenses
total $14,010 · program services $7,684 · management and general $6,326
-
14 · Information technology
total $5,061 · management and general $5,061
-
16 · Occupancy
total $252,216 · program services $243,068 · management and general $9,148
-
17 · Travel
total $395 · program services $395
-
20 · Interest
total $4,459,734 · program services $4,459,734
-
22 · Depreciation, depletion and amortization
total $2,797,862 · program services $2,797,862
-
24a · Other expenses: DEBT SERVICE
total $2,261,250 · program services $2,261,250
-
24b · Other expenses: BUILDING MAINTENANCE
total $125,941 · program services $125,941
-
24c · Other expenses: APARTMENT SMALL FURNITU
total $29,222 · program services $29,222
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $404,576 · end of year $961,947
-
2 · Savings and temporary cash investments
beginning of year $1,699,601 · end of year $858,620
-
4 · Accounts receivable
beginning of year $38,245 · end of year $25,088
-
9 · Prepaid expenses and deferred charges
beginning of year $1,930 · end of year $5,510
-
10a · Land, buildings and equipment: cost or other basis
$108,390,016
-
10b · Land, buildings and equipment: accumulated depreciation
$27,513,586
-
10c · Land, buildings and equipment, net
beginning of year $111,733,639 · end of year $80,876,430
-
17 · Accounts payable and accrued expenses
beginning of year $621,381 · end of year $482,858
-
19 · Deferred revenue
beginning of year $11,683,749 · end of year $11,322,441
-
20 · Tax-exempt bond liabilities
beginning of year $31,611,083
-
23 · Secured mortgages and notes payable
beginning of year $71,568,742 · end of year $69,787,981
-
25 · Other liabilities
beginning of year $14,064,147 · end of year $12,456,374
-
27 · Net assets without donor restrictions
beginning of year -$15,671,111 · end of year -$11,322,059
Mission and programs · 2022
Mission
SEE SCHEDULE O. TO ESTABLISH COMMERCIAL BUSINESS UNITS FOR THE BENEFIT AND SUPPORT OF NORTHEAST OHIO MEDICAL UNIVERSITY.
Activities or mission (Part I)
SEE SCHEDULE O. TO ESTABLISH COMMERCIAL BUSINESS UNITS FOR THE BENEFIT AND SUPPORT OF NORTHEAST OHIO MEDICAL UNIVERSITY
-
APARTMENTS FOR STUDENTS, FACULTY, STAFF, AND GUESTS OF NEOMED.
Expenses $3,790,198 · Revenue $3,243,414
-
HEALTH, WELLNESS, AND MEDICAL EDUCATION BUILDING FOR NEOMED AND EXTERNAL COMMUNITY.
Expenses $5,873,151 · Revenue $5,599,789
-
MEDICAL OFFICE BUILDING FOR NEOMED AND EXTERNAL COMMUNITY
Expenses $616,111 · Revenue $1,524,852
-
OTHER PROGRAMS
Expenses $5,281
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JOHN LANGELL
DIRECTOR
- Total calculated
- $958,589
- From this org
- $0
- From related orgs
- $918,979
- Other
- $39,610
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $918,979 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $39,610 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $958,589 related
-
MARIA SCHIMER
CHAIR
- Total calculated
- $283,759
- From this org
- $0
- From related orgs
- $241,861
- Other
- $41,898
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $241,861 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $30,591 related
- Nontaxable benefits
- $0 + $11,307 related
- Filer's total
- $0 + $283,759 related
-
JOHN STILLIANA
VICE CHAIR
- Total calculated
- $243,012
- From this org
- $0
- From related orgs
- $197,587
- Other
- $45,425
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $197,587 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $26,218 related
- Nontaxable benefits
- $0 + $19,207 related
- Filer's total
- $0 + $243,012 related
-
JACALYN KOVACH
TREASURER
- Total calculated
- $141,963
- From this org
- $0
- From related orgs
- $113,587
- Other
- $28,376
- Hours/week
- 1 + 39 related
-
MARY TAYLOR
SECRETARY/TREASURER
- Total calculated
- $257,284
- From this org
- $0
- From related orgs
- $223,200
- Other
- $34,084
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $223,200 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $27,810 related
- Nontaxable benefits
- $0 + $6,274 related
- Filer's total
- $0 + $257,284 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
- 3 · Compensation committee
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
The filer's explanations (Part III)
- PART I, LINE 3
- ERS STRATEGIC PROPERTIES, INC. RELIES ON A RELATED ORGANIZATION (NORTHEAST OHIO MEDICAL UNIVERSITY) TO DETERMINE THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS. THE RELATED ORGANIZATION USES THE FOLLOWING METHOD TO ESTABLISH THE COMPENSATION FOR THE OFFICIALS: COMPENSATION COMMITTEE.
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.
-
NORTHEAST OHIO MEDICAL UNIVERSITY
115 · MEDICAL SCHOOL · OH
-
501(C)(3) · RESEARCH ORGANIZATION · OH
Directly controlled by NORTHEAST OHIO MEDICAL UNIVERSITY
-
501(C)(3) · SUPPORTING ORGANIZATION · OH
Directly controlled by NORTHEAST OHIO MEDICAL UNIVERSITY
-
NORTHEAST OHIO MEDICAL UNIVERSITY FOUNDATION
501(C)(3) · SUPPORTING ORGANIZATION · OH
Directly controlled by NORTHEAST OHIO MEDICAL UNIVERSITY
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
HOUSING · OH · income $7,649,428 · assets $927,010
Directly controlled by ERS STRATEGIC PROPERTIES INC
-
HEALTH & WELLNESS · OH · income $6,117,368 · assets $61,406,238
Directly controlled by ERS STRATEGIC PROPERTIES INC
-
LAND · OH · income $0 · assets $449,837
Directly controlled by ERS STRATEGIC PROPERTIES INC
-
MEDICAL OFFICE BUILDING · OH · income $1,794,844 · assets $21,006,751
Directly controlled by ERS STRATEGIC PROPERTIES INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401349349305840
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