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← HMC Hospice Properties

Form 990 for tax year 2023

Filed by HMC Hospice Properties.

Totals

Total revenue
$3,209,891
Total expenses
$444,099
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$426,039
Investment income
$100,150
Other revenue
$2,683,702
Total assets, end of year
$130,085
Total liabilities, end of year
-$24,015
Net assets or fund balances, end of year
$154,100
Program services expenses (Part IX)
$405,680
Management and general expenses
$38,419
Fundraising expenses
$0
Program service expenses (Part III)
$405,680

Program services were 91.3% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Related Rent Revenue

    total $426,039 · related or exempt $426,039 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

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

  • 2c · Program service revenue

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

  • 2d · Program service revenue

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

  • 2e · Program service revenue

    total $0 · related or exempt $0 · 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 $100,150 · related or exempt $0 · unrelated business $0 · excluded $100,150

  • 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

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

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

  • 7a · Gross sales of assets other than inventory

    securities $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

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

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

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

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

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

  • 11a · Other revenue: Gain - NMTC Transaction

    total $2,683,702 · excluded $2,683,702

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $2,683,702

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11c · Fees: accounting

    total $9,900 · management and general $9,900

  • 11g · Fees: other

    total $28,429 · program services $0 · management and general $28,429 · fundraising $0

  • 13 · Office expenses

    total $90 · management and general $90

  • 20 · Interest

    total $100,143 · program services $100,143

  • 22 · Depreciation, depletion and amortization

    total $297,367 · program services $297,367

  • 24a · Other expenses: Time Allocations

    total $8,170 · program services $8,170

  • 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 $30,450 · end of year $30,587

  • 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 $409,105 · 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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $15,121,552 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $16,891,763 · end of year $99,498

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,666 · end of year -$24,015

  • 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 $13,095,000 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $15,512,931 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,796,273 · end of year $154,100

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO CONSTRUCT AND HOLD A NEW HOSPICE FACILITY IN FURTHERANCE OF THE MISSION OF HENDRICK MEDICAL CENTER AND AFFILIATES.

  • TO HOLD AND LEASE A NEW 16-BED HOSPICE FACILITY TO HENDRICK HOSPICE CARE.

    Expenses $405,680 · Revenue $426,039

As filed on the 2023 return.

Listed in Part VII

  • Brad Holland

    CHAIR

    Total calculated
    $1,644,883
    From this org
    $0
    From related orgs
    $1,433,865
    Other
    $211,018
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $873,225 related
    Bonus
    $0 + $412,905 related
    Other
    $0 + $147,735 related
    Deferred
    $0 + $173,855 related
    Nontaxable benefits
    $0 + $37,163 related
    Filer's total
    $0 + $1,644,883 related

  • Doug McIntyre

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jeremy Walker

    Treasurer

    Total calculated
    $743,592
    From this org
    $0
    From related orgs
    $672,605
    Other
    $70,987
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $441,078 related
    Bonus
    $0 + $191,240 related
    Other
    $0 + $40,287 related
    Deferred
    $0 + $44,735 related
    Nontaxable benefits
    $0 + $26,252 related
    Filer's total
    $0 + $743,592 related

  • Susan Wade

    VICE CHAIR

    Total calculated
    $486,369
    From this org
    $0
    From related orgs
    $444,186
    Other
    $42,183
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $298,294 related
    Bonus
    $0 + $118,267 related
    Other
    $0 + $27,625 related
    Deferred
    $0 + $28,951 related
    Nontaxable benefits
    $0 + $13,232 related
    Filer's total
    $0 + $486,369 related

  • Brian Bessent

    VICE PRESIDENT

    Total calculated
    $477,413
    From this org
    $0
    From related orgs
    $409,187
    Other
    $68,226
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,576 related
    Bonus
    $0 + $110,756 related
    Other
    $0 + $23,855 related
    Deferred
    $0 + $27,113 related
    Nontaxable benefits
    $0 + $41,113 related
    Filer's total
    $0 + $477,413 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 3 Arrangement used to establish the top management official's compensation
METHOD USED BY HENDRICK MEDICAL CENTER TO ESTABLISH RELATED COMPENSATION OF THE OFFICERS: 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
PARTICIPANTS IN 457(F) | REPORTED IN W-2 | DEFERRED COMP | PAID BY ----------------------------------------------------------------------- JEREMY WALKER | 40,287 | 44,735 | HMC BRIAN BESSENT | 23,855 | 27,113 | HMC BRAD HOLLAND | 147,735 | 173,855 | HMC SUSAN WADE | 27,625 | 28,951 | HMC

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.

  • TEXAS MIDWEST SURGERY CENTER

    Related · SURGERY CENTER · TX · 0% owned · share of income $0 · share of assets $0

    Directly controlled by HMC

Related corporations and trusts

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

  • HENDRICK HEALTH NETWORK

    C Corporation · HEALTH INSURANCE · TX · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by HMC

  • HENDRICK SOUTHWESTERN HEALTH DEV CORP

    C Corporation · RETAIL SALES · TX · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by HMC

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $15,121,552. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
14 July 2025
IRS schema version
2023v6.0
Source object
202521959349302307

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