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Nonprofiteer
← AMBOY PROPERTIES CORPORATION

Form 990 for tax year 2022

Filed by AMBOY PROPERTIES CORPORATION.

Totals

Total revenue
$1,323,250
Total expenses
$537,777
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,309,060
Investment income
$0
Other revenue
$14,190
Total assets, end of year
$8,241,688
Total liabilities, end of year
$11,958,096
Net assets or fund balances, end of year
-$3,716,408
Program services expenses (Part IX)
$61,407
Management and general expenses
$476,370
Fundraising expenses
$0
Program service expenses (Part III)
$61,407

Program services were 11.4% 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: PARKING FACILITIES

    total $1,309,060 · related or exempt $1,309,060

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $14,190 · related or exempt $14,190

  • 11e · Other revenue, total

    $14,190

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $276,774 · management and general $276,774

  • 11g · Fees: other

    total $4,755 · management and general $4,755

  • 16 · Occupancy

    total $64,449 · program services $60,960 · management and general $3,489

  • 22 · Depreciation, depletion and amortization

    total $9,905 · management and general $9,905

  • 23 · Insurance

    total $7,651 · management and general $7,651

  • 24a · Other expenses: CHARGE BACK OTHERS

    total $136,500 · program services $447 · management and general $136,053

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $37,743 · management and general $37,743

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,585,194 · end of year $7,239,262

  • 4 · Accounts receivable

    beginning of year $90,566 · end of year $118,532

  • 9 · Prepaid expenses and deferred charges

    beginning of year $58,906 · end of year $83,280

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

    $14,135,837

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

    $13,335,223

  • 10c · Land, buildings and equipment, net

    beginning of year $741,670 · end of year $800,614

  • 15 · Other assets

    beginning of year $25,500 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $84,063

  • 25 · Other liabilities

    beginning of year $12,919,654 · end of year $11,958,096

  • 27 · Net assets without donor restrictions

    beginning of year -$4,501,881 · end of year -$3,716,408

Mission and programs · 2022

Mission

AMBOY PROPERTIES CORPORATION'S PURPOSE IS TO PROVIDE PARKING FACILITIES TO PATIENTS, VISITORS AND EMPLOYEES OF BROOKDALE HOSPITAL MEDICAL CENTER AND ITS RELATED AFFILIATED GROUPS AND ORGANIZATIONS

Activities or mission (Part I)

AMBOY PROPERTIES CORPORATION'S PURPOSE IS TO PROVIDE PARKING FACILITIES TO AFFILIATED GROUPS AND ORGANIZATIONS

  • AMBOY PROPERTIES CORPORATION IS A NOT FOR PROFIT CORPORATION CREATED FOR THE PURPOSE OF PROVIDING PARKING FACILITIES TO PATIENTS, VISITORS AND EMPLOYEES OF BROOKDALE HOSPITAL MEDICAL CENTER AND ITS RELATED AFFILIATES.

    Expenses $61,407 · Revenue $1,323,250

As filed on the 2022 return.

Listed in Part VII

  • ALEX ROVT

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • ANTHONY CLEMENZA SR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • BISHOP HUGH NELSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • DR JOSEPH CUIFFO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • DR K TORIAN EASTERLING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • DR SOFIA NOVAK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • EDNA WELLS-HANDY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • HENNA WHITE

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • HOPE MASON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • MARK SHELTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • MAURICE A REID

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • MICHAEL IRWIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • MICHAEL L NAIRNE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • MICHAEL SCAGNELLI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • NUSIN SHTERN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • RABBI ARYEH KATZIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • REV WATERMAN

    VICE-CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • RICHARD E GREEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • VICTOR AYALA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related

  • GENEVIEVE SORENSEN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 44.4 related

  • JOHN SCHMITT

    INTERIM CFO

    Total calculated
    $660,812
    From this org
    $0
    From related orgs
    $602,612
    Other
    $58,200
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $589,728 related
    Bonus
    $0
    Other
    $0 + $12,884 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $58,200 related
    Filer's total
    $0 + $660,812 related

  • REGINALD BULLOCK

    ASSISTANT SECRETARY

    Total calculated
    $472,017
    From this org
    $0
    From related orgs
    $420,845
    Other
    $51,172
    Hours/week
    1 + 44.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $417,764 related
    Bonus
    $0
    Other
    $0 + $3,081 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $51,172 related
    Filer's total
    $0 + $472,017 related

  • ROBERT PALERMO

    CFO - UNTIL 02-25-2022

    Total calculated
    $175,259
    From this org
    $0
    From related orgs
    $166,974
    Other
    $8,285
    Hours/week
    1 + 44.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,652 related
    Bonus
    $0
    Other
    $0 + $2,322 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,285 related
    Filer's total
    $0 + $175,259 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

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349330478

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