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Nonprofiteer
← ST PETERS PROPERTIES CORPORATION

Form 990 for tax year 2023

Filed by ST PETERS PROPERTIES CORPORATION.

Totals

Total revenue
$88,558
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$5,616
Other revenue
$82,942
Total assets, end of year
$4,094,514
Total liabilities, end of year
$2,295,093
Net assets or fund balances, end of year
$1,799,421
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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 $5,616 · unrelated business $0 · excluded $5,616

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $322,014

  • 6b · Less rental expenses

    real property $239,072

  • 6c · Rental income or loss

    real property $82,942 · personal property $0

  • 6d · Net rental income or loss

    total $82,942 · excluded $82,942

  • 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

  • 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 $0

  • 23 · Insurance

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $172,506 · end of year $149,512

  • 2 · Savings and temporary cash investments

    beginning of year $419,840 · end of year $181,634

  • 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

    $6,022,765

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

    $2,342,106

  • 10c · Land, buildings and equipment, net

    beginning of year $2,701,987 · end of year $3,680,659

  • 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 $49,087 · end of year $82,709

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,278 · end of year $12,434

  • 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 $1,578,366 · end of year $2,217,629

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $45,620 · end of year $65,030

  • 27 · Net assets without donor restrictions

    beginning of year $1,711,156 · end of year $1,799,421

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO HOLD REAL ESTATE IN AN EFFORT TO SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF SAINT PETER'S UNIVERSITY HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.

Activities or mission (Part I)

REAL ESTATE HOLDINGS TO SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF SPUH; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.

  • EXPENSES INCURRED IN PROVIDING REAL ESTATE HOLDINGS TO SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF SAINT PETER'S UNIVERSITY HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.

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

Listed in Part VII

  • Leslie D Hirsch Fache

    TRUSTEE - PRES/CEO SPHCS

    Total calculated
    $2,018,484
    From this org
    $0
    From related orgs
    $1,703,149
    Other
    $315,335
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $1,232,193 related
    Bonus
    $0 + $427,744 related
    Other
    $0 + $43,212 related
    Deferred
    $0 + $294,160 related
    Nontaxable benefits
    $0 + $21,175 related
    Filer's total
    $0 + $2,018,484 related

  • Garrick J Stoldt Fhfma CPA

    TRUSTEE - CFO SPHCS

    Total calculated
    $945,687
    From this org
    $0
    From related orgs
    $824,300
    Other
    $121,387
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $642,418 related
    Bonus
    $0 + $137,395 related
    Other
    $0 + $44,487 related
    Deferred
    $0 + $93,086 related
    Nontaxable benefits
    $0 + $28,301 related
    Filer's total
    $0 + $945,687 related

  • Alyssa A Verderami Esq

    TRUSTEE

    Total calculated
    $657,268
    From this org
    $0
    From related orgs
    $555,474
    Other
    $101,794
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $438,866 related
    Bonus
    $0 + $94,797 related
    Other
    $0 + $21,811 related
    Deferred
    $0 + $70,357 related
    Nontaxable benefits
    $0 + $31,437 related
    Filer's total
    $0 + $657,268 related

  • Nicholas J Lacerenza

    TRUSTEE

    Total calculated
    $301,248
    From this org
    $0
    From related orgs
    $285,824
    Other
    $15,424
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $283,416 related
    Bonus
    $0
    Other
    $0 + $2,408 related
    Deferred
    $0 + $14,285 related
    Nontaxable benefits
    $0 + $1,139 related
    Filer's total
    $0 + $301,248 related

  • Andrew Schober

    TRUSTEE

    Total calculated
    $275,716
    From this org
    $0
    From related orgs
    $233,608
    Other
    $42,108
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $231,462 related
    Bonus
    $0
    Other
    $0 + $2,146 related
    Deferred
    $0 + $12,074 related
    Nontaxable benefits
    $0 + $30,034 related
    Filer's total
    $0 + $275,716 related

  • Vincent J Dicks

    CHAIRMAN - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Monsignor John N Fell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Samuel PE Pp Cme

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART I, QUESTION 4B
THE DEFERRED COMPENSATION AMOUNT IN COLUMN C FOR THE FOLLOWING INDIVIDUALS INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH ARE SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THESE INDIVIDUALS MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNTS OUTLINED HEREIN WERE NOT INCLUDED IN EACH INDIVIDUAL'S 2023 FORM W-2, AS TAXABLE MEDICARE WAGES: LESLIE D. HIRSCH, FACHE, $277,660; GARRICK J. STOLDT, FHFMA, CPA, $76,586; AND ALYSSA A. VERDERAMI, ESQ., $53,857.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2023 WHICH WAS INCLUDED IN COLUMN (II) HEREIN AND IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.

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 corporations and trusts

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

  • SAINT PETER'S SOLAR ENERGY SOLUTIONSINC

    C CORP. · SOLAR ENERGY · NJ

    Directly controlled by NA

  • RISK ASSURANCE CO OF SPUH

    FOREIGN CORP. · FINANCIAL VEHICLE · CJ

    Directly controlled by NA

  • SAINT PETER'S SPECIALTY PHYSICIANS PC

    C CORP. · HEALTH SVCS. · NJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.1
Source object
202423199349317167

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