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← HMC Hospice Properties

Form 990 for tax year 2022

Filed by HMC Hospice Properties.

Totals

Total revenue
$812,095
Total expenses
$772,400
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$811,192
Investment income
$903
Other revenue
$0
Total assets, end of year
$32,452,870
Total liabilities, end of year
$28,656,597
Net assets or fund balances, end of year
$3,796,273
Program services expenses (Part IX)
$730,504
Management and general expenses
$41,896
Fundraising expenses
$0
Program service expenses (Part III)
$730,504

Program services were 94.6% 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: Related Rent Revenue

    total $811,192 · related or exempt $811,192

  • 3 · Investment income

    total $903 · excluded $903

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

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · unrelated business $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $6,600 · management and general $6,600

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $35,176 · management and general $35,176

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $120 · management and general $120

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $185,834 · program services $185,834

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $537,091 · program services $537,091

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Time Allocations

    total $7,579 · program services $7,579

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,417 · end of year $30,450

  • 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 $270,705 · end of year $409,105

  • 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

    $18,846,855

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

    $3,725,303

  • 10c · Land, buildings and equipment, net

    beginning of year $15,658,642 · end of year $15,121,552

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 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 $16,891,763 · end of year $16,891,763

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,855 · end of year $48,666

  • 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 $13,095,000

  • 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 $15,512,931

  • 27 · Net assets without donor restrictions

    beginning of year $4,195,741 · end of year $3,796,273

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

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 $730,504 · Revenue $811,192

As filed on the 2022 return.

Listed in Part VII

  • Brad Holland

    CHAIR

    Total calculated
    $1,554,436
    From this org
    $0
    From related orgs
    $1,339,936
    Other
    $214,500
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $810,472 related
    Bonus
    $0 + $393,629 related
    Other
    $0 + $135,835 related
    Deferred
    $0 + $173,162 related
    Nontaxable benefits
    $0 + $41,338 related
    Filer's total
    $0 + $1,554,436 related

  • Jeremy Walker

    TREASURER

    Total calculated
    $693,060
    From this org
    $0
    From related orgs
    $610,703
    Other
    $82,357
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,244 related
    Bonus
    $0 + $175,678 related
    Other
    $0 + $34,781 related
    Deferred
    $0 + $49,816 related
    Nontaxable benefits
    $0 + $32,541 related
    Filer's total
    $0 + $693,060 related

  • Susan Wade

    VICE CHAIR

    Total calculated
    $476,334
    From this org
    $0
    From related orgs
    $420,312
    Other
    $56,022
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,906 related
    Bonus
    $0 + $113,819 related
    Other
    $0 + $31,587 related
    Deferred
    $0 + $35,812 related
    Nontaxable benefits
    $0 + $20,210 related
    Filer's total
    $0 + $476,334 related

  • Brian Bessent

    VICE PRESIDENT

    Total calculated
    $440,399
    From this org
    $0
    From related orgs
    $365,539
    Other
    $74,860
    Hours/week
    0 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,367 related
    Bonus
    $0 + $101,738 related
    Other
    $0 + $24,434 related
    Deferred
    $0 + $32,040 related
    Nontaxable benefits
    $0 + $42,820 related
    Filer's total
    $0 + $440,399 related

  • Doug McIntyre

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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
METHOD USED BY HENDRICK MEDICAL CENTER TO ESTABLISH RELATED COMPENSATION OF THE OFFICERS: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVE STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
SCHEDULE J, PART I, LINE 4B
PARTICIPATION IN OR PAYMENT FROM SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PARTICIPANTS IN 457(F) REPORTED IN W-2 DEFERRED COMPENSATION PAID BY --------------------- --------------- -------------------- ------- JEREMY WALKER $ 34,781 $ 40,666 HMC BRIAN BESSENT $ 18,746 $ 24,646 HMC BRAD HOLLAND $ 129,526 $ 164,012 HMC SUSAN WADE $ 25,224 $ 27,572 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

    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 · controlled entity

    Directly controlled by HMC

  • HENDRICK SOUTHWESTERN HEALTH DEV CORP

    C-CORPORATION · RETAIL SALES · TX · controlled entity

    Directly controlled by HMC

Provenance

Return type
form_990
Tax year
2022
Filed
15 July 2024
IRS schema version
2022v5.0
Source object
202421979349301457

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