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Nonprofiteer
← H H HOLDINGS INC

Form 990 for tax year 2024

Filed by H H HOLDINGS INC.

Totals

Total revenue
$8,932,098
Total expenses
$83,043
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$8,087,530
Other revenue
$844,568
Total assets, end of year
$230,169,414
Total liabilities, end of year
$5,654,709
Net assets or fund balances, end of year
$224,514,705
Program services expenses (Part IX)
$83,043
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$83,043

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.

  • 3 · Investment income

    total $8,087,530 · excluded $8,087,530

  • 6a · Gross rents

    real property $1,524,600

  • 6b · Less rental expenses

    real property $1,001,152

  • 6c · Rental income or loss

    real property $523,448

  • 6d · Net rental income or loss

    total $523,448 · related or exempt $523,448

  • 11a · Other revenue: OTHER REV-MISC

    total $321,120 · related or exempt $321,120

  • 11e · Other revenue, total

    $321,120

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $69,296 · program services $69,296

  • 24a · Other expenses: ASSOCIATION FEES

    total $9,697 · program services $9,697

  • 24b · Other expenses: OTHER EXPENSES

    total $4,050 · program services $4,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,304,222 · end of year $3,329,719

  • 4 · Accounts receivable

    beginning of year $16,600 · end of year $16,600

  • 7 · Other notes and loans receivable

    beginning of year $1,593,724 · end of year $1,638,654

  • 9 · Prepaid expenses and deferred charges

    beginning of year $83,965 · end of year $68,109

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

    $33,465,294

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

    $16,025,065

  • 10c · Land, buildings and equipment, net

    beginning of year $18,153,472 · end of year $17,440,229

  • 11 · Investments: publicly traded securities

    beginning of year $193,654,509 · end of year $201,499,182

  • 14 · Intangible assets

    beginning of year $91,226 · end of year $73,568

  • 15 · Other assets

    beginning of year $7,641,732 · end of year $6,103,353

  • 19 · Deferred revenue

    beginning of year $33,073 · end of year $33,073

  • 25 · Other liabilities

    beginning of year $6,840,727 · end of year $5,621,636

  • 31 · Retained earnings, endowment or other funds

    beginning of year $215,665,650 · end of year $224,514,705

Mission and programs · 2024

Mission

HH HOLDINGS (THE CORPORATION)IS A SUPPORTING ORGANIZATION FOR HALIFAX HOSPITAL MEDICAL CENTER D/B/A HALIFAX HEALTH (EIN: 59-6001217). THE CORPORATION IS FORMED FOR THE SPECIFIC PURPOSE OF PROVIDING HEALTH CARE SERVICES AND ESTABLISHING HEALTH CARE FACILITIES IN THE COMMUNITY ON ITS OWN, AND IN CONJUNCTION WITH OTHERS, IN ORDER TO EFFECTIVELY MEET THE NEEDS OF THE COMMUNITY SERVED BY HALIFAX HEALTH. IN THAT MANNER, THE CORPORATION WILL SERVE TO PROMOTE THE GENERAL HEALTH OF THE CITIZENS OF THE DISTRICT.

  • HH HOLDINGS INVESTS APPROXIMATELY 204 MILLION OF CASH AND INVESTMENTS AS WELL AS MANAGES VARIOUS STRATEGICALLY LOCATED PROPERTIES WITH A COMBINED BOOK VALUE OF APPROXIMATELY 17 MILLION.

    Expenses $83,043

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alan Florez

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Michael Munier MD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tom McCall

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Glenn Ritchey

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Harold Goodemote

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrew Lupoli

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Feasel

    CHIEF EXEC.

    Total calculated
    $2,872,962
    From this org
    $0
    From related orgs
    $2,817,663
    Other
    $55,299
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $940,362 related
    Bonus
    not reported + $75,000 related
    Other
    not reported + $1,802,301 related
    Deferred
    not reported + $55,299 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $2,872,962 related

  • Shawn Remington

    CHIEF FINANC

    Total calculated
    $519,737
    From this org
    $0
    From related orgs
    $476,636
    Other
    $43,101
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $446,636 related
    Bonus
    not reported + $30,000 related
    Other
    not reported
    Deferred
    not reported + $43,101 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $519,737 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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 August 2026
IRS schema version
2024v5.0
Source object
202622309349300017

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