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Nonprofiteer
← MCA REVERE REALTY INC

Form 990 for tax year 2023

Filed by MCA REVERE REALTY INC.

Totals

Total revenue
$1,513,720
Total expenses
$1,728,476
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,475,387
Investment income
$38,333
Other revenue
$0
Total assets, end of year
$16,609,556
Total liabilities, end of year
$17,832,817
Net assets or fund balances, end of year
-$1,223,261
Program services expenses (Part IX)
$1,728,476
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,728,476

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 $1,475,387 · related or exempt $1,475,387

  • 3 · Investment income

    total $38,333 · excluded $38,333

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $133,200 · program services $133,200

  • 11c · Fees: accounting

    total $1,283 · program services $1,283

  • 20 · Interest

    total $955,519 · program services $955,519

  • 22 · Depreciation, depletion and amortization

    total $388,492 · program services $388,492

  • 24a · Other expenses: BUILDING OPERATING EXPE

    total $246,439 · program services $246,439

  • 24b · Other expenses: OTHER EXPENSE

    total $2,162 · program services $2,162

  • 24c · Other expenses: BANK CHARGES

    total $1,381 · program services $1,381

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $639,279 · end of year $425,798

  • 2 · Savings and temporary cash investments

    beginning of year $619,904 · end of year $1,054,045

  • 4 · Accounts receivable

    beginning of year $68,354 · end of year $5,589

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,130 · end of year $14,605

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

    $16,062,770

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

    $1,411,064

  • 10c · Land, buildings and equipment, net

    beginning of year $15,014,085 · end of year $14,651,706

  • 15 · Other assets

    beginning of year $486,279 · end of year $457,813

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,225 · end of year $79,744

  • 19 · Deferred revenue

    beginning of year $1,967,643 · end of year $1,852,310

  • 23 · Secured mortgages and notes payable

    beginning of year $15,788,668 · end of year $15,900,763

  • 27 · Net assets without donor restrictions

    beginning of year -$1,008,505 · end of year -$1,223,261

Mission and programs · 2023

Mission

THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF BEING A SUPPORTING ORGANIZATION TO MEDICAL CENTER OF THE AMERICAS FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(3); TO ENCOURAGE, ASSIST IN THE ESTABLISHMENT OF A NON-PROFIT MEDICAL CENTER IN EL PASO, TEXAS; PARTICIPATE IN OR HAVE A SUBSTANTIAL PRESENCE AT SUCH MEDICAL CENTER; FACILITATE, PROMOTE, OR CONDUCT MEDICAL RESEARCH AND EDUCATION TO ADDRESS HEALTH ISSUES IMPACTING THE GREATER EL PASO, TEXAS GEOGRAPHIC AREA; OR FACILITATE, PROMOTE OR CONDUCT THE PROCESS OF MAKING SUCCESSFUL RESEARCH AND HEALTHCARE OUTCOMES ACCESSIBLE TO PATIENTS REGARDLESS OF THEIR ABILITY TO PAY.

Activities or mission (Part I)

THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF BEING A SUPPORTING ORGANIZATION TO MEDICAL CENTER OF THE AMERICAS FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(3); TO ENCOURAGE AND ASSIST IN THE ESTABLISHMENT OF A NON-PROFIT MEDICAL CENTER IN EL PASO, TEXAS; PARTICIPATE IN OR HAVE A SUBSTANTIAL PRESENCE AT SUCH MEDICAL CENTER; FACILITATE, PROMOTE, OR CONDUCT MEDICAL RESEARCH AND EDUCATION TO ADDRESS HEALTH ISSUES IMPACTING THE GREATER EL PASO, TEXAS GEOGRAPHIC AREA; OR FACILITATE, PROMOTE OR CONDUCT THE PROCESS OF MAKING SUCCESSFUL RESEARCH AND HEALTHCARE OUTCOMES ACCESSIBLE TO PATIENTS REGARDLESS OF THEIR ABILITY TO PAY.

  • MCA REVERE REALTY, INC. LEASES A 33,500 SQ. FT. MENTAL WELLNESS FACILITY TO THE U.S. DEPARTMENT OF VETERANS AFFAIRS PURSUANT TO A 20 YEAR TERM LEASE WITH THE U.S. GOVERNMENT. PREVIOUSLY, MCA REVERE REALTY, INC. HAD ACQUIRED 10 ACRES OF LAND DURING 2014 AS PART OF A PLAN FOR FUTURE DEVELOPMENT THAT WILL FACILITATE BIOMEDICAL INNOVATION AND IMPROVE HEALTHCARE ACCESS AND QUALITY IN CONJUNCTION WITH, AND SUPPORT OF, THE MEDICAL CENTER OF THE AMERICAS FOUNDATION.

    Expenses $1,728,476 · Revenue $1,475,387

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Melinda Becker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rick Francis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ben Marcus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Josh Hunt

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Bohannon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Edward Escudero

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ted Houghton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lane Gaddy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christian Giese

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Carlos Ortega

    CEO AND CFO

    Total calculated
    $240,163
    From this org
    $0
    From related orgs
    $220,000
    Other
    $20,163
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,800 related
    Nontaxable benefits
    $0 + $11,363 related
    Filer's total
    $0 + $240,163 related

  • Xavier Cardenas

    SR DIRECTOR. ENGINEERING

    Total calculated
    $148,169
    From this org
    $0
    From related orgs
    $142,082
    Other
    $6,087
    Hours/week
    1 + 40 related

  • Nancy Lowery

    SR. DIRECTOR OF INNOVATION

    Total calculated
    $137,644
    From this org
    $0
    From related orgs
    $132,350
    Other
    $5,294
    Hours/week
    1 + 40 related

  • Michaele D Linden-Johnson

    SR. DIRECTOR OF TRIALS

    Total calculated
    $128,450
    From this org
    $0
    From related orgs
    $112,584
    Other
    $15,866
    Hours/week
    1 + 40 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.

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.

  • MEDICAL CENTER OF THE AMERICAS FOUNDATION

    501(C)(3) · ADVANCE DEVELOPMENT OF MCA CAMPUS AND BIOMEDICAL INNOVATION AND RESEARCH · TX

    Directly controlled by MCAMERICAS HOLDINGS INC

  • MCA TECH PARK INC

    501(C)(3) · HOLDING AND DEVELOPING A LIFE SCIENCES RESEARCH AND TECHNOLOGY BUILDING · TX

    Directly controlled by MCAMERICAS HOLDINGS INC

  • MCAMERICAS HOLDINGS INC

    501(C)(3) · SUPPORTING ORGANIZATION SERVING AS PARENT HOLDING COMPANY · TX

    Directly controlled by NONE

  • MCAMERICAS REALTY INC

    501(C)(3) · ACQUISITION, HOLDING AND LEASING REAL ESTATE · TX

    Directly controlled by MCAMERICAS HOLDINGS INC

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 corporations and trusts

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

  • BMIA INC

    C · FACILITATE ACCESS TO CAPITAL TO THE MCA INNOVATION ECOSYSTEM · NV

    Directly controlled by MEDICAL CENTER OF THE AMERICAS FDN

Provenance

Return type
form_990
Tax year
2023
Filed
23 July 2024
IRS schema version
2023v5.1
Source object
202432219349301963

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