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Nonprofiteer
← MEDSTONE REALTY COMPANY LLC

Form 990 for tax year 2023

Filed by MEDSTONE REALTY COMPANY LLC.

Totals

Total revenue
$1,621,289
Total expenses
$1,395,609
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,621,289
Investment income
$0
Other revenue
$0
Total assets, end of year
$20,809,633
Total liabilities, end of year
$19,353,305
Net assets or fund balances, end of year
$1,456,328
Program services expenses (Part IX)
$1,395,609
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,395,609

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 $1,041,681 · related or exempt $1,041,681

  • 2b · Program service revenue: REAL ESTATE TAX RECOVE

    total $579,608 · related or exempt $579,608

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $816,001 · program services $816,001

  • 24a · Other expenses: REAL ESTATE TAXES

    total $579,608 · program services $579,608

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $897 · end of year $893

  • 4 · Accounts receivable

    beginning of year $589,980 · end of year $589,980

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

    $25,920,200

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

    $5,701,440

  • 10c · Land, buildings and equipment, net

    beginning of year $21,038,151 · end of year $20,218,760

  • 17 · Accounts payable and accrued expenses

    beginning of year $593,593 · end of year $590,290

  • 19 · Deferred revenue

    beginning of year $19,804,787 · end of year $18,763,015

  • 27 · Net assets without donor restrictions

    beginning of year $1,230,648 · end of year $1,456,328

Mission and programs · 2023

Mission

ENGAGE IN ACQUIRING LAND FOR THE CONSTRUCTION AND DEVELOPMENT OF A NEW AMBULATORY CARE MEDICAL FACILITY IN UPPER ARLINGTON AT THE KINGSDALE SHOPPING CENTER LOCATION

Activities or mission (Part I)

THE ORGANIZATION WAS FORMED TO ENGAGE IN ACQUIRING LAND FOR THE CONSTRUCTION AND DEVELOPMENT OF A NEW AMBULATORY CARE MEDICAL FACILITY IN UPPER ARLINGTON AT THE KINGSDALE SHOPPING CENTER LOCATION

  • ACQUIRED LAND FOR THE CONSTRUCTION AND DEVELOPMENT OF A NEW AMBULATORY CARE MEDICAL FACILITY IN UPPER ARLINGTON AT THE KINGSDALE SHOPPING CENTER LOCATION

    Expenses $1,395,609 · Revenue $1,621,289

As filed on the 2023 return.

Listed in Part VII

  • Jack Kasey

    CHAIRMAN

    Total calculated
    $587,036
    From this org
    $0
    From related orgs
    $587,036
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $496,147 related
    Bonus
    $0 + $90,889 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $587,036 related

  • Melissa Shivers

    DIRECTOR

    Total calculated
    $451,172
    From this org
    $0
    From related orgs
    $451,172
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $349,504 related
    Bonus
    $0 + $101,668 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $451,172 related

  • Amy Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • David Frantz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Tom Katzenmeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Mike Papadakis

    DIRECTOR

    Total calculated
    $926,239
    From this org
    $0
    From related orgs
    $926,239
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $763,537 related
    Bonus
    $0 + $162,702 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $926,239 related

  • Christie Angel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Amanda Hoffsis

    CEO

    Total calculated
    $307,260
    From this org
    $0
    From related orgs
    $307,260
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $262,600 related
    Bonus
    $0 + $44,660 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $307,260 related

  • Jake Wozniak

    TREASURER

    Total calculated
    $497,207
    From this org
    $0
    From related orgs
    $497,207
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $398,555 related
    Bonus
    $0 + $98,652 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $497,207 related

  • Heidi McCabe

    SECRETARY

    Total calculated
    $265,557
    From this org
    $0
    From related orgs
    $265,557
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $247,209 related
    Bonus
    $0 + $18,348 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $265,557 related

  • Matt Hansen

    PRESIDENT

    Total calculated
    $111,128
    From this org
    $0
    From related orgs
    $111,128
    Other
    $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

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.

  • CAMPUS PARTNERS FOR COMMUNITY URBAN REDEVELOPMENT

    501(C)3 · THE REDEVELOPMENT OF THE AREA SURROUNDING THE OHIO STATE UNIVERSITY · OH

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202541349349305834

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