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Nonprofiteer
← NORCORP INC

Form 990 for tax year 2022

Filed by NORCORP INC.

Totals

Total revenue
$116,230
Total expenses
$202,800
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$116,230
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,517,600
Total liabilities, end of year
$1,425,425
Net assets or fund balances, end of year
$2,092,175
Program services expenses (Part IX)
$202,800
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$202,800

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 $116,230 · related or exempt $116,230

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $202,800 · program services $202,800

  • 23 · Insurance

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $5,140,000

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

    $1,622,400

  • 10c · Land, buildings and equipment, net

    beginning of year $3,736,150 · end of year $3,517,600

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,167 · end of year $11,167

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,546,238 · end of year $1,414,258

  • 27 · Net assets without donor restrictions

    beginning of year $2,178,745 · end of year $2,092,175

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

NORCORP'S PRIMARY PROGRAM SERVICE ACTIVITY IS TO RECEIVE AND ADMINISTER FUNDS (RENTAL INCOME), AND TO HOLD REAL OR PERSONAL PROPERTY ON BEHALF OF NORTHERN WESTCHESTER HOSPITAL ASSOCIATION.

Activities or mission (Part I)

TO HOLD REAL OR PERSONAL PROPERTY ON BEHALF OF NORTHERN WESTCHESTER HOSPITAL ASSOCIATION.

  • NORCORP'S PRIMARY PROGRAM SERVICE ACTIVITY IS TO RECEIVE AND ADMINISTER FUNDS (RENTAL INCOME), AND TO HOLD REAL OR PERSONAL PROPERTY ON BEHALF OF NORTHERN WESTCHESTER HOSPITAL ASSOCIATION.

    Expenses $202,800 · Revenue $116,230

As filed on the 2022 return.

Listed in Part VII

  • Joel Seligman

    VP, Regional Initiatives

    Total calculated
    $351,931
    From this org
    $0
    From related orgs
    $290,513
    Other
    $61,418
    Hours/week
    0 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,303 related
    Bonus
    $0 + $60,182 related
    Other
    $0 + $23,028 related
    Deferred
    $0 + $33,550 related
    Nontaxable benefits
    $0 + $27,868 related
    Filer's total
    $0 + $351,931 related

  • Michael Schwartz

    Chairman/Director

    Total calculated
    $0
    Hours/week
    0 + 3 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Brooklyn Ambulatory Services LLC

    Medical Svcs · NY

    Directly controlled by Healthcare

  • DHCH LLC

    Medical Svcs · NY

    Directly controlled by Endoscopy Ventu

  • Endo Group LLC

    Medical Svcs · NY

    Directly controlled by Ventures GCSC

  • Endoscopy Center of Long Island

    Medical Svcs · NY

    Directly controlled by NS-LIJ Ventures

  • Formativ Health Intermediate LLC

    Holding Co · DE

    Directly controlled by Formativ Health

  • Formativ Health LLC

    Holding Co · DE

    Directly controlled by TN Health Svcs

  • Hospital City LLC

    Inactive · DE

    Directly controlled by Northwell Healt

  • Krasnoff Consultative Services LLC

    Consulting · NY

    Directly controlled by Care Mgmt Grp

  • Long Island Center for Digestive Health

    Medical Svcs · NY

    Directly controlled by LICDH Ventures

  • Melville SC LLC

    Medical Svcs · NY

    Directly controlled by Melville ASC

  • North Shore-LIJ and Yale New Haven Healt

    Air Transport · NY

    Directly controlled by NSUH

  • North Shore-LIJ Contract Research Organi

    Research · NY

    Directly controlled by Healthcare

  • Northwell Genomics Alliance LLC

    Inactive · DE

    Directly controlled by NWH Labs

  • Northwell Health Sleep Lab LLC

    Medical Svcs · NY

    Directly controlled by Sleep Holdings

  • Phelps Professional Building Corp LP

    Real Estate · NY

    Directly controlled by PMHA

  • South Shore Surgery Center LLC

    Medical Svcs · NY

    Directly controlled by Multispecialty

  • SRO Health LLC

    Medical Svcs · NY

    Directly controlled by TN Health Svcs

  • Suffolk Surgery Center

    Medical Svcs · NY

    Directly controlled by Multispecialty

  • Surgical Specialty Center of Westchester

    Medical Svcs · NY

    Directly controlled by Multispecialty

  • True North II DC LLC

    Medical Svcs · NY

    Directly controlled by DC Holding

  • True North III DC LLC

    Medical Svcs · NY

    Directly controlled by DC Holding

  • True North IV DC LLC

    Medical Svcs · NY

    Directly controlled by DC Holding

  • True North Revenue Cycle Management Serv

    Holding Co · NY

    Directly controlled by NSENT

  • True North Urgent Care LLC

    Medical Svcs · NY

    Directly controlled by NSLIJ Urgent Ca

  • True North V DC LLC

    Medical Svcs · NY

    Directly controlled by DC Holding

  • True North VI DC LLC

    Medical Svcs · NY

    Directly controlled by DC Holding

  • True North Medical at North Suffolk PLL

    Medical Svcs · NY

    Directly controlled by TN Med Group

Related corporations and trusts

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

  • Autoimmune Research Therapeutics

    C · Inactive · NY

    Directly controlled by Feinstein

  • Care Management Group of Greater NY

    C · Business Service · NY

    Directly controlled by NSH Enterprise

  • CareConnect Group Holding Company Inc

    C · Holding Co · NY

    Directly controlled by Hplan Holding

  • CareConnect Insurance Co

    C · Insurance · NY

    Directly controlled by Group Holding

  • EvidencePoint Inc

    C · Inactive · NY

    Directly controlled by Northwell Holdi

  • Feinstein Center for Bioelectronic Medic

    C · Inactive · NY

    Directly controlled by Feinstein

  • Formativ Health Management Inc

    C · Holding Co · DE

    Directly controlled by Formativ Health

  • Formativ Health NewCo Inc

    C · Holding Co · DE

    Directly controlled by Formativ Health

  • Krauss Joint Replacement Program PC

    C · Medical Services · NY

    Directly controlled by Central Suffolk

  • Montauk Risk Retention Group Inc

    C · Insurance · NY

    Directly controlled by Healthcare

  • North Shore Health Enterprises Inc

    C · Holding Comp · NY

    Directly controlled by NSHS Enterprise

  • North Shore Health System Enterprises I

    C · Holding Comp · NY

    Directly controlled by Northwell Healt

  • North Shore IPA 5 Inc

    C · Business Services · NY

    Directly controlled by Healthcare

  • North Shore Medical Accelerator PC

    S · Medical Services · NY

    Directly controlled by NSUH

  • North Shore-LIJ CareConnect Insurance Ag

    C · Insurance Agency · NY

    Directly controlled by Group Holding

  • North Shore-LIJ Network Inc

    C · Support Services · NY

    Directly controlled by Healthcare

  • North Shore-LIJ Ophthalmology Institute

    C · Inactive · NY

    Directly controlled by Healthcare

  • North Shore-LIJ Urgent Care PC

    C · Medical Services · NY

    Directly controlled by NSUH

  • Northwell Direct Inc

    C · Business Services · NY

    Directly controlled by NW Holdings

  • Northwell Direct Administrative Services

    C · Admin · NY

    Directly controlled by NW Holdings

  • Northwell FlexStaff Inc

    C · Medical Services · NY

    Directly controlled by NSH Enterprise

  • Northwell Health Medical Surgical PC

    C · Medical Services · NJ

    Directly controlled by SIUH

  • Northwell Health Regional Alliance Inc

    C · Support Services · NY

    Directly controlled by NA

  • Northwell Holdings Inc

    C · Business Services · NY

    Directly controlled by NSHS Enterprise

  • NWHC Health Management Services Inc

    C · Health Mgmt · NY · 100% owned · share of income $471,201 · share of assets $3,867,959 · controlled entity

    Directly controlled by NORCORP

  • Peconic Bay Medical Services PC

    C · Medical Services · NY

    Directly controlled by Central Suffolk

  • Peconic Bay Primary Medical Care PC

    C · Medical Services · NY

    Directly controlled by Central Suffolk

  • PMHC Realty Corporation

    C · Real Estate · NY

    Directly controlled by Phelps Memorial

  • Prime Care Medical of Long Island PC

    C · Medical Services · NY

    Directly controlled by Central Suffolk

  • Regional Insurance Company LTD

    C · Insurance · BD

    Directly controlled by Healthcare

  • Regioncare Inc

    C · Homecare · NY

    Directly controlled by NSHS Enterprise

  • Staten Island University Hospital Perina

    C · Medical Services · NY

    Directly controlled by SIUH

  • True North 3D Inc

    C · Business Services · NY

    Directly controlled by True North Heal

  • True North Enterprises Inc

    C · Inactive · NY

    Directly controlled by Healthcare

  • True North Health Pharmacy Inc

    C · Pharmacy · NY

    Directly controlled by NSHS Enterprise

  • True North Health Inc

    C · Medical Services · DE

    Directly controlled by Northwell Healt

  • True North Workforce Safety Consulting

    C · Business Services · NY

    Directly controlled by True North Heal

  • United Medical Surgical PC

    C · Surgical Services · NY

    Directly controlled by SIUH

  • VivoHealth Plan Inc

    C · Inactive · NY

    Directly controlled by Healthcare

  • Vivohealth Inc

    C · Inactive · NY

    Directly controlled by NSH Enterprise

  • True North Medical at Work PC

    C · Inactive · NY

    Directly controlled by NSUH

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202333149349304303

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