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Nonprofiteer
← GILCHRIST BALTIMORE CENTER SUPPORT CORPORATION

Form 990 for tax year 2022

Filed by GILCHRIST BALTIMORE CENTER SUPPORT CORPORATION.

Totals

Total revenue
$522,882
Total expenses
$956,087
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$5,130
Other revenue
$517,752
Total assets, end of year
$17,750,297
Total liabilities, end of year
$16,539,964
Net assets or fund balances, end of year
$1,210,333
Program services expenses (Part IX)
$729,846
Management and general expenses
$226,241
Fundraising expenses
$0
Program service expenses (Part III)
$729,846

Program services were 76.3% 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.

  • 3 · Investment income

    total $5,130 · excluded $5,130

  • 6a · Gross rents

    real property $517,752

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $517,752

  • 6d · Net rental income or loss

    total $517,752 · related or exempt $517,752

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $13,092 · management and general $13,092

  • 13 · Office expenses

    total $213,149 · management and general $213,149

  • 20 · Interest

    total $193,956 · program services $193,956

  • 22 · Depreciation, depletion and amortization

    total $535,890 · program services $535,890

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,599,224 · end of year $2,484,921

  • 9 · Prepaid expenses and deferred charges

    beginning of year $282,618 · end of year $208,500

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

    $15,075,771

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

    $587,336

  • 10c · Land, buildings and equipment, net

    beginning of year $14,886,213 · end of year $14,488,435

  • 15 · Other assets

    beginning of year $189,375 · end of year $568,441

  • 17 · Accounts payable and accrued expenses

    beginning of year -$30 · end of year $74,522

  • 23 · Secured mortgages and notes payable

    beginning of year $11,142,826 · end of year $11,280,940

  • 25 · Other liabilities

    beginning of year $5,171,096 · end of year $5,184,502

  • 27 · Net assets without donor restrictions

    beginning of year $1,643,538 · end of year $1,210,333

Mission and programs · 2022

Mission

THE SPECIFIC OBJECTIVES OF THE CORPORATION SHALL BE TO: (I) SUPPORT GILCHRIST HOSPICE CARE, INC. ("GHC") SO LONG AS SUCH ORGANIZATION CONTINUES TO BE CREATED AND ORGANIZED FOR EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE; (II) DEVELOP, INITIATE, AND OPERATE PROJECTS THAT ARE CONSISTENT WITH THE NEEDS OF GHC; AND (III) ENGAGE IN ANY LAWFUL ACT OR ACTIVITY IN FURTHERANCE OF THE FOREGOING, PROVIDED SUCH ACTIVITIES ARE NOT IN VIOLATION, OR INCONSISTENT WITH, THE CORPORATION'S STATUS AS A CHARITABLE AND EDUCATIONAL ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE.

  • GILCHRIST BALTIMORE CENTER SUPPORT CORPORATION ("GBCSC") WAS CREATED PRIMARILY TO SERVE AS THE QUALIFIED LOW INCOME BUSINESS ("QALICB") FOR PURPOSES OF THE NEW MARKET TAX CREDIT ("NMTC") FINANCING AGREEMENT FOR THE NEW INPATIENT HOSPICE FACILITY AT STADIUM PLACE, IN BALTIMORE CITY. IN THIS CAPACITY, GBCSC RECEIVED QUALIFIED LOW INCOME COMMUNITY INVESTMENT ("QLICI") LOANS TO FUND CONSTRUCTION OF THE NEW FACILITY. CONSTRUCTION OF THE HOSPICE FACILITY AT STADIUM PLACE WAS COMPLETED IN DECEMBER, 2021, AT WHICH POINT GBCSC BEGAN LEASING THE FACILITY TO GILCHRIST HOSPICE CARE, INC., ("GILCHRIST"), AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). GILCHRIST USES THE FACILITY TO PROVIDE INPATIENT HOSPICE AND ELDER MEDICAL CARE TO RESIDENTS OF BALTIMORE CITY.

    Expenses $729,846 · Revenue $517,752

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

Listed in Part VII

  • Ms Catherine Hamel

    PRESIDENT

    Total calculated
    $595,555
    From this org
    $0
    From related orgs
    $535,559
    Other
    $59,996
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $417,842 related
    Bonus
    $0 + $47,825 related
    Other
    $0 + $69,892 related
    Deferred
    $0 + $13,922 related
    Nontaxable benefits
    $0 + $46,074 related
    Filer's total
    $0 + $595,555 related

  • Ms Elizabeth Lee

    VICE PRESIDENT

    Total calculated
    $223,653
    From this org
    $0
    From related orgs
    $165,888
    Other
    $57,765
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,432 related
    Bonus
    $0 + $8,677 related
    Other
    $0 + $779 related
    Deferred
    $0 + $5,384 related
    Nontaxable benefits
    $0 + $52,381 related
    Filer's total
    $0 + $223,653 related

  • Ms Nichole Doyle Battle

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ms Catherine Boyne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ms Alison G Brown MPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ms Laurie R Beyer

    EVP & CFO GBMC HEALTHCARE

    Total calculated
    $697,896
    From this org
    $0
    From related orgs
    $569,499
    Other
    $128,397
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $440,297 related
    Bonus
    $0 + $120,767 related
    Other
    $0 + $8,435 related
    Deferred
    $0 + $78,618 related
    Nontaxable benefits
    $0 + $49,779 related
    Filer's total
    $0 + $697,896 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
GBMC HEALTHCARE HAS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN. THIS PLAN WAS APPROVED BY THE COMPENSATION COMMITTEE OF THE GBMC HEALTHCARE BOARD OF DIRECTORS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. THE SUPPLEMENTAL RETIREMENT PLAN WAS DEVELOPED BASED ON AN INDEPENDENT CONSULTANT REPORT ON MARKET-BASED PRACTICES FOR SUPPLEMENTAL RETIREMENT PLANS. THE PERCENTAGE OF FINAL AVERAGE PAY, THE REQUIREMENTS FOR VESTING, PARTICIPANTS, AND PAY-OUT PROVISIONS WERE ESTABLISHED, REVIEWED, AND APPROVED BY THE COMPENSATION COMMITTEE. THE CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN C OR IN SCHEDULE J, PART II, COLUMN B(III) AS PART OF DEFERRED COMPENSATION. MS. CATHERINE Y. HAMEL PARTICIPATED IN THIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THE AMOUNTS PAID OUT OF THIS PLAN IN 2022 WERE AS FOLLOWS: MS. CATHERINE Y. HAMEL - $61,605

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.

  • GBMC PAVILION WEST MEDICAL ARTS LLC

    REAL ESTATE MANAGEMENT · MD

  • GBMC-WP-PT LLC

    PHYSICAL THERAPY · MD

Related corporations and trusts

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

  • GBMC AGENCY INC

    C · INVESTMENTS · MD

  • RUXTON INSURANCE COMPANY LTD

    C · INSURANCE CAPTIVE · BD

Provenance

Return type
form_990
Tax year
2022
Filed
9 April 2024
IRS schema version
2022v5.0
Source object
202441019349300444

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