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← ST MARY BUILDING AND DEVELOPMENT

Form 990 for tax year 2022

Filed by ST MARY BUILDING AND DEVELOPMENT.

Totals

Total revenue
$2,149,392
Total expenses
$1,035,286
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,149,392
Investment income
$0
Other revenue
$0
Total assets, end of year
$20,942,354
Total liabilities, end of year
$21,175,228
Net assets or fund balances, end of year
-$232,874
Program services expenses (Part IX)
$1,035,286
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,035,286

Program services were 100.0% 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: LEASE INCOME

    total $2,149,392 · related or exempt $2,149,392

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $19,923 · program services $19,923

  • 13 · Office expenses

    total $1,422 · program services $1,422

  • 16 · Occupancy

    total $378,757 · program services $378,757

  • 22 · Depreciation, depletion and amortization

    total $620,107 · program services $620,107

  • 24a · Other expenses: EQUIPMENT MAINTENANCE

    total $15,077 · program services $15,077

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,602,230 · end of year $4,233,105

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,857 · end of year $11,417

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

    $20,318,144

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

    $4,816,109

  • 10c · Land, buildings and equipment, net

    beginning of year $16,122,142 · end of year $15,502,035

  • 15 · Other assets

    beginning of year $1,195,154 · end of year $1,195,797

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $2,105

  • 25 · Other liabilities

    beginning of year $21,163,257 · end of year $21,173,123

  • 27 · Net assets without donor restrictions

    beginning of year -$232,874 · end of year -$232,874

Mission and programs · 2022

Mission

WE, ST. MARY MEDICAL CENTER AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. AS A COMMUNITY OF CARING PEOPLE, WE ARE COMMITTED TO EXTENDING AND STRENGTHENING THE HEALING MINISTRY OF JESUS.ST. MARY BUILDING AND DEVELOPMENT (SMBD) IS A MEMBER OF ST. MARY MEDICAL CENTER (SMMC), TRINITY HEALTH OF THE MID-ATLANTIC REGION (TRINITY HEALTH OF MID-ATLANTIC) AND TRINITY HEALTH.

Activities or mission (Part I)

TO HOLD TITLE TO PROPERTY FOR ST. MARY MEDICAL CENTER.

  • ST. MARY BUILDING AND DEVELOPMENT HOLDS TITLE TO THE 55,000 SQUARE-FOOT, 50-BED, ACUTE-CARE INPATIENT HOSPITAL, WHICH IS LOCATED ACROSS THE STREET FROM ST. MARY MEDICAL CENTER IN LANGHORNE, PA. AS A 501(C)(2) ORGANIZATION, SMBD'S FUNCTIONS ARE LIMITED TO: FUNDING THE CONSTRUCTION OF THE REHABILITATION HOSPITAL, HOLDING TITLE TO THE BUILDING, COLLECTING RENT FROM THE ST. MARY REHABILITATION HOSPITAL, LLP PARTNERSHIP, MAINTAINING THE BUILDING, AND DISTRIBUTING THE RENTAL INCOME TO SMMC.

    Expenses $1,035,286 · Revenue $2,149,392

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JAMES WOODWARD

    DIR; PRES & CEO MID-ATLANTIC REGION

    Total calculated
    $1,448,800
    From this org
    $0
    From related orgs
    $1,374,727
    Other
    $74,073
    Hours/week
    0.2 + 54.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $819,358 related
    Bonus
    $0 + $337,500 related
    Other
    $0 + $217,869 related
    Deferred
    $0 + $13,725 related
    Nontaxable benefits
    $0 + $60,348 related
    Filer's total
    $0 + $1,448,800 related

  • JULIE WASHINGTON

    DIR; TRINITY SVP CHIEF MKTG & COMM

    Total calculated
    $1,142,563
    From this org
    $0
    From related orgs
    $921,730
    Other
    $220,833
    Hours/week
    0.2 + 49.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $620,659 related
    Bonus
    $0 + $281,250 related
    Other
    $0 + $19,821 related
    Deferred
    $0 + $176,694 related
    Nontaxable benefits
    $0 + $44,139 related
    Filer's total
    $0 + $1,142,563 related

  • LARRY BRILLIANT MD

    SMMC PRESIDENT THRU 7/22

    Total calculated
    $1,134,873
    From this org
    $0
    From related orgs
    $808,108
    Other
    $326,765
    Hours/week
    0.2 + 54.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,260 related
    Bonus
    $0 + $130,687 related
    Other
    $0 + $391,161 related
    Deferred
    $0 + $296,118 related
    Nontaxable benefits
    $0 + $30,647 related
    Filer's total
    $0 + $1,134,873 related

  • MICHAEL MAGRO

    SMMC PRESIDENT

    Total calculated
    $625,311
    From this org
    $0
    From related orgs
    $514,495
    Other
    $110,816
    Hours/week
    0.2 + 54.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,909 related
    Bonus
    $0 + $86,711 related
    Other
    $0 + $58,875 related
    Deferred
    $0 + $84,714 related
    Nontaxable benefits
    $0 + $26,102 related
    Filer's total
    $0 + $625,311 related

  • CATHERINE MIKUS

    SECRETARY; GENERAL COUNSEL

    Total calculated
    $543,173
    From this org
    $0
    From related orgs
    $485,120
    Other
    $58,053
    Hours/week
    0.2 + 49.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,392 related
    Bonus
    $0 + $86,262 related
    Other
    $0 + $60,466 related
    Deferred
    $0 + $22,875 related
    Nontaxable benefits
    $0 + $35,178 related
    Filer's total
    $0 + $543,173 related

  • ANTHONY FANELLI

    INTERIM CFO THR 12/22;VP REG FINANCE

    Total calculated
    $444,852
    From this org
    $0
    From related orgs
    $401,015
    Other
    $43,837
    Hours/week
    0.2 + 49.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $332,584 related
    Bonus
    $0 + $59,160 related
    Other
    $0 + $9,271 related
    Deferred
    $0 + $22,875 related
    Nontaxable benefits
    $0 + $20,962 related
    Filer's total
    $0 + $444,852 related

  • KIMBERLY CUMMINGS

    TREASURER AND INTERIM CFO AS OF 1/23

    Total calculated
    $409,996
    From this org
    $0
    From related orgs
    $361,047
    Other
    $48,949
    Hours/week
    0.2 + 49.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $303,043 related
    Bonus
    $0 + $54,060 related
    Other
    $0 + $3,944 related
    Deferred
    $0 + $22,875 related
    Nontaxable benefits
    $0 + $26,074 related
    Filer's total
    $0 + $409,996 related

  • MARYANNE SPALLUCCI

    FORMER OFFICER

    Total calculated
    $108,846
    From this org
    $0
    From related orgs
    $106,565
    Other
    $2,281
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $31,308 related
    Bonus
    $0 + $53,958 related
    Other
    $0 + $21,299 related
    Deferred
    $0 + $498 related
    Nontaxable benefits
    $0 + $1,783 related
    Filer's total
    $0 + $108,846 related

  • REBECCA KERCHNER

    DIRECTOR; CHAIR

    Total calculated
    $0
    Hours/week
    0.2 + 8.8 related

  • VINCE GORDON

    DIRECTOR; VICE CHAIR AS OF 7/22

    Total calculated
    $0
    Hours/week
    0.2 + 8.8 related

  • TALYANA BROMBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 8.8 related

  • MARK BRUCKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 8.8 related

  • BARBARA BUCKLEY RSM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 8.8 related

  • MICHELLE CALOPE

    DIRECTOR AS OF 1/23

    Total calculated
    $0
    Hours/week
    0.2 + 8.8 related

  • MARTINA DEIGNAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 8.8 related

  • JOSEPH DESANTIS

    DIRECTOR THROUGH 12/22

    Total calculated
    $0
    Hours/week
    0.2 + 8.8 related

  • KATHRYN DOUGHERTY OSF

    DIRECTOR THROUGH 12/22

    Total calculated
    $0
    Hours/week
    0.2 + 8.8 related

  • HIRAL FONTANILLA MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 8.8 related

  • MARIANNE GRACE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 8.8 related

  • SHAILA KAPUR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 8.8 related

  • JULIA KEEGAN OSF

    DIRECTOR AS OF 1/23

    Total calculated
    $0
    Hours/week
    0.2 + 8.8 related

  • JAMES MONIHAN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 8.8 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
ST. MARY BUILDING AND DEVELOPMENT (SMBD) IS A SUBSIDIARY IN THE TRINITY HEALTH SYSTEM. SMBD'S CEO IS PAID DIRECTLY BY THE SYSTEM'S PARENT ENTITY, TRINITY HEALTH CORPORATION. TRINITY HEALTH CORPORATION USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF SMBD'S CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY, AND - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINES 4A-B
THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAYMENTS IN CALENDAR 2022. THIS AMOUNT IS INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: LARRY BRILLIANT, MD - $231,224 COLUMN F OF SCHEDULE J, PART II INCLUDES THE PORTION OF THIS AMOUNT THAT WAS REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS. IN ADDITION, COLUMN C OF SCHEDULE J, PART II INCLUDES THE FOLLOWING SEVERANCE AMOUNTS, WHICH WERE UNPAID AS OF 12/31/22: LARRY BRILLIANT, MD - $291,543 (PAID IN 2023) THE FOLLOWING ARE PARTICIPANTS IN A TRINITY HEALTH SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2022. THE PLAN PROVIDES RETIREMENT BENEFITS TO CERTAIN TRINITY HEALTH EXECUTIVES SUBJECT TO MEETING SPECIFIED VESTING AND EMPLOYMENT DATE REQUIREMENTS. PARTICIPANTS' VESTED BENEFITS WERE PAID OUT IN 2022, AND THEIR NON-VESTED BENEFITS FOR 2022 WERE ACCRUED. THE FOLLOWING PAYOUT FOR 2022 FOR THE PLAN IS INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: LARRY BRILLIANT - $77,135 MICHAEL MAGRO - $51,020 CATHERINE MIKUS - $47,970 JAMES WOODWARD - $188,029 COLUMN F OF SCHEDULE J, PART II INCLUDES THE PORTION OF THIS AMOUNT THAT WAS REPORTED AS DEFERRED COMPENSATION. THE FOLLOWING ACCRUALS FOR 2022 ARE INCLUDED IN COLUMN C OF SCHEDULE J, PART II: MICHAEL MAGRO - $61,839 JULIE WASHINGTON - $162,969 THE FOLLOWING ARE PARTICIPANTS IN A TRINITY HEALTH RESTORATION PLAN. THE RESTORATION PLAN PROVIDES RETIREMENT BENEFITS FOR CERTAIN TRINITY HEALTH SYSTEM OFFICE EXECUTIVES WITH EARNINGS ABOVE THE IRS PAY CAP FOR QUALIFIED PLANS ($305,000 FOR 2022). THE FOLLOWING PAYOUTS FOR 2022 FOR THIS PLAN ARE INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: KIMBERLY CUMMINGS - $1,033 ANTHONY FANELLI - $2,087 THE FOLLOWING INDIVIDUALS ARE PARTICIPANTS IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F). THE FOLLOWING AMOUNTS WERE PAID OUT IN 2022: LARRY BRILLIANT - $66,145 KIMBERLY CUMMINGS - $0 MARYANNE SPALLUCCI - $20,239

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431359349309053

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