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Nonprofiteer
← PARK COURT LIMITED

Form 990 for tax year 2022

Filed by PARK COURT LIMITED.

Totals

Total revenue
$1,552,595
Total expenses
$1,639,316
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,558,637
Investment income
-$6,042
Other revenue
$0
Total assets, end of year
$18,917,695
Total liabilities, end of year
$21,405,226
Net assets or fund balances, end of year
-$2,487,531
Program services expenses (Part IX)
$1,639,316
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,639,316

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: RENTAL INCOME

    total $1,558,637 · related or exempt $1,558,637

  • 3 · Investment income

    total $1,143 · excluded $1,143

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

    securities $1,736 · other assets $5,449

  • 7c · Gain or loss

    securities -$1,736 · other assets -$5,449

  • 7d · Net gain or loss

    total -$7,185 · excluded -$7,185

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $529 · program services $529

  • 11g · Fees: other

    total $240,526 · program services $240,526

  • 13 · Office expenses

    total $2,576 · program services $2,576

  • 16 · Occupancy

    total $315,729 · program services $315,729

  • 20 · Interest

    total $565,745 · program services $565,745

  • 22 · Depreciation, depletion and amortization

    total $513,961 · program services $513,961

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $250 · program services $250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $621 · end of year $29,602

  • 2 · Savings and temporary cash investments

    beginning of year $289 · end of year $22,490

  • 7 · Other notes and loans receivable

    beginning of year $1,871,602 · end of year $1,772,685

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

    $24,406,061

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

    $7,328,742

  • 10c · Land, buildings and equipment, net

    beginning of year $17,520,235 · end of year $17,077,319

  • 11 · Investments: publicly traded securities

    beginning of year $640 · end of year $15,599

  • 17 · Accounts payable and accrued expenses

    beginning of year $147,254 · end of year $141,663

  • 25 · Other liabilities

    beginning of year $21,647,807 · end of year $21,263,563

  • 27 · Net assets without donor restrictions

    beginning of year -$2,401,674 · end of year -$2,487,531

Mission and programs · 2022

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF OUR COMMUNITY AND TO DO SO WITH LOVE, COMPASSION, AND EXTRAORDINARY MEDICAL CARE.

Activities or mission (Part I)

IMPROVE HEALTH AND WELL-BEING OF COMMUNITY WITH LOVE, COMPASSION AND EXTRAORDINARY MEDICAL CARE.

  • PARK COURT LTD. ENDEAVORS TO PARTICIPATE IN SYSTEM WIDE PLANNING TO SUPPORT, PRESERVE, AND NURTURE THE FUNDAMENTAL MISSION OF PEKIN HOSPITAL, AS A COMMUNITY HOSPITAL, AND OTHER FACILITIES AS NECESSARY TO PROVIDE INPATIENT AND OUTPATIENT DIAGNOSTIC, THERAPEUTIC, AND EDUCATIONAL SERVICES.ORGANIZED FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES, TO ESTABLISH, ACQUIRE, SUPPORT, ERECT, MAINTAIN, OWN, OPERATE AND MANAGE PROPERTIES AND FACILITIES IN RELATION TO OR ASSOCIATED WITH THE DELIVERY OF HEALTH CARE DIAGNOSTIC AND TREATMENT SERVICES, EDUCATION AND RESEARCH, BY OR THROUGH PROGRESSIVE HEALTH SYSTEMS, AN ILLINOIS NOT-FOR-PROFIT CORPORATION, AND ITS RELATED OR AFFILIATED ORGANIZATIONS.

    Expenses $1,639,316 · Revenue $1,558,637

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

Listed in Part VII

  • Kevin Barbier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jerry Bell PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ronald Champagne MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jenna Cicciarelli-Wiesner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Amy Darling

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rusty Dunn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Peter Johnsen PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Aaron Kilgore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Keith Knepp MD

    BOARD MEMBER/PRESIDENT & CEO

    Total calculated
    $883,163
    From this org
    $0
    From related orgs
    $739,283
    Other
    $143,880
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $554,435 related
    Bonus
    $0 + $167,497 related
    Other
    $0 + $17,351 related
    Deferred
    $0 + $116,984 related
    Nontaxable benefits
    $0 + $26,896 related
    Filer's total
    $0 + $883,163 related

  • Rich Kriegsman

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Mueller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dirk Roecker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jamie Stevenson

    BOARD MEMBER

    Total calculated
    $11,000
    From this org
    $0
    From related orgs
    $11,000
    Other
    $0
    Hours/week
    1 + 1 related

  • Karen Stumpe

    BOARD MEMBER

    Total calculated
    $2,500
    From this org
    $0
    From related orgs
    $2,500
    Other
    $0
    Hours/week
    1 + 1 related

  • Dennis Triggs

    BOARD MEMBER

    Total calculated
    $11,000
    From this org
    $0
    From related orgs
    $11,000
    Other
    $0
    Hours/week
    1 + 1 related

  • John Wieland

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Melissa Yoder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Peters

    SECRETARY/TREASURER/CFO

    Total calculated
    $482,395
    From this org
    $0
    From related orgs
    $445,945
    Other
    $36,450
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $352,914 related
    Bonus
    $0 + $81,201 related
    Other
    $0 + $11,830 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $21,200 related
    Filer's total
    $0 + $482,395 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)

PART I, LINE 4B
NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: KEITH KNEPP, MD, $101,734.

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.

  • ADVANCED IMAGING CENTER LLC

    DIAGNOSTIC RADIOLOGY CENTER · IA · general or managing partner

  • ANKENY MEDICAL PARK SURGERY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • CENTRAL IOWA CARDIOVASCULAR CO-MANAGEMENT CO LLC

    CARDIOVASCULAR MANAGEMENT & ADMINISTRATIVE SERVICES · IA · general or managing partner

  • CENTRAL IOWA ONCOLOGY CO-MANAGEMENT COMPANY

    ONCOLOGY MANAGEMENT & ADMINISTRATIVE SERVICES · IA · general or managing partner

  • CENTRAL IOWA PHYSIO LLC

    PHYSICAL THERAPY SERVICES · IA · general or managing partner

  • CENTRAL IOWA SURGICAL SERVICES CO-MANAGEMENT CO LLC

    SURGICAL MANAGEMENT & ADMINISTRATIVE SERVICES · IA · general or managing partner

  • DUBUQUE ENDOSCOPY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • EASTERN IOWA SLEEP SUPPLY LLC

    MEDICAL EQUIPMENT RETAIL SALES · IA · general or managing partner

  • HEALTH CARE AFFILIATES OF THE TRI-STATES LLC

    PROVIDE ACCESS TO LICENSED SOFTWARE · IA · general or managing partner

  • IOWA DIAGNOSTIC IMAGING AND PROCEDURE CENTER LC

    OUTPATIENT DIAGNOSTIC IMAGING · IA · general or managing partner

  • IOWA HEALTH SYSTEM CONTRACTING SERVICES LC

    GROUP PURCHASING · IA · general or managing partner

  • LAKEVIEW SURGERY CENTER LC

    SURGERY CENTER · IA · general or managing partner

  • MR ASSOCIATES LLP

    OWN AND OPERATE MR UNIT · IA · general or managing partner

  • ORTHOPAEDIC OUTPATIENT SURGERY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • REHABILITATION THERAPY SERVICES LLC

    REHABILATION THERAPY · IL · general or managing partner

  • THE OUTPATIENT SURGERY CENTER OF CEDAR RAPIDS LLC

    AMBULATORY SURGERY CENTER. · IA · general or managing partner

  • UNITED MEDICAL PARK ASC LLC DBA THE SURGERY CENTER AT UNITED MEDICAL PARK

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • UPHT-SCA HOLDINGS LLC

    AMBULATORY SURGERY CENTER INVESTMENT · DE

  • WEST HOSPITAL ORTHOPEDIC CO-MANAGEMENT COMPANY LLC

    ORTHOPEDIC SERVICE LINES MANAGEMENT · IA · general or managing partner

  • WEST LAKES SLEEP CENTER LLC

    SLEEP DISORDER DIAGNOSTIC TESTING FACILITY · IA · general or managing partner

Related corporations and trusts

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

  • ABBE MANAGEMENT CORPORATION

    C · MANAGEMENT SERVICES · IA

  • BELCREST SERVICES LTD

    C · MEDICAL SERVICES · IL

  • BROADBAND INC

    C · INFORMATION TECHNOLOGY MGMT. · IA

  • DELHI POINT CONDO ASSOCIATION

    C · REAL ESTATE MANAGEMENT · IA

  • HCP CORPORATION

    C · REAL ESTATE RENTAL · WI

  • HANSEN CHARITABLE REMAINDER ANNUITY TRUST

    T · INVESTMENT · IA

  • HANSEN CHARITABLE REMAINDER UNITRUST

    T · INVESTMENT · IA

  • HEALTH ADVANTAGE PLUS INC

    C · PHYSICAL THERAPY · IA

  • HEALTH PLUS INC

    C · MANAGED CARE ADMINISTRATION · IL

  • HNC SERVICES

    C · FIBER OPTIC NETWORK SERVICES · IA

  • MEDIMORE INC

    C · MANAGED CARE · IA

  • MERITER HEALTH ENTERPRISES INC

    C · MANAGEMENT SERVICES · WI

  • MERITER MANAGEMENT SERVICES INC

    C · ADMINISTRATIVE SERVICES · WI

  • METHODIST HEALTH VENTURES INC & SUB

    C · PHARMACY/OFFICE STAFFING · IL

  • OPTIMUM HEALTH SOLUTIONS INC

    C · HEALTH & WELLNESS CONSULTING · IA

  • PEKIN PROHEALTH INC

    C · CLINIC · IL

  • PRECEDENCE INC

    C · MANAGED MENTAL CARE · IA

  • PRECEDENCE PLUS INC

    C · MANAGED MENTAL CARE · IA

  • PROVIDER RESOURCE MANAGEMENT INC

    C · RESOURCE MANAGEMENT · IL

  • STL HEALTH RESOURCES CO

    C · PHYSICIAN OFFICE RENTAL · IA

  • TRINITY HEALTH ENTERPRISES INC

    C · RETAIL DURABLE MEDICAL EQUIPMENT & PHARMACY · IL

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202333189349305968

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