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← CRC REAL ESTATE CORPORATION

Form 990 for tax year 2022

Filed by CRC REAL ESTATE CORPORATION.

Totals

Total revenue
$10,555,142
Total expenses
$11,777,826
Contributions and grants received
$0
Grants paid
$3,600,000
Program service revenue
$9,247,540
Investment income
$18,299
Other revenue
$1,289,303
Total assets, end of year
$85,613,050
Total liabilities, end of year
$28,224,348
Net assets or fund balances, end of year
$57,388,702
Program services expenses (Part IX)
$10,632,399
Management and general expenses
$1,145,427
Fundraising expenses
$0
Program service expenses (Part III)
$10,632,399

Program services were 90.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KIMBERLY C CRIPE

    PRESIDENT/CEO

    Total calculated
    $1,859,237
    From this org
    $0
    From related orgs
    $1,755,275
    Other
    $103,962
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,107,695 related
    Bonus
    $0 + $410,746 related
    Other
    $0 + $236,834 related
    Deferred
    $0 + $69,815 related
    Nontaxable benefits
    $0 + $34,147 related
    Filer's total
    $0 + $1,859,237 related

  • JANET DAVIDSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • MARSHALL ROWEN MD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 9 related

  • PATRICK SALAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAVE WILLIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KERRI RUPPERT SCHILLER

    EXECUTIVE VP & CFO

    Total calculated
    $1,000,213
    From this org
    $0
    From related orgs
    $924,633
    Other
    $75,580
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $626,529 related
    Bonus
    $0 + $146,330 related
    Other
    $0 + $151,774 related
    Deferred
    $0 + $46,201 related
    Nontaxable benefits
    $0 + $29,379 related
    Filer's total
    $0 + $1,000,213 related

  • JAY GABRIEL

    CHIEF LEGAL OFFICER/SECRET

    Total calculated
    $850,945
    From this org
    $0
    From related orgs
    $771,599
    Other
    $79,346
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $534,229 related
    Bonus
    $0 + $114,164 related
    Other
    $0 + $123,206 related
    Deferred
    $0 + $36,995 related
    Nontaxable benefits
    $0 + $42,351 related
    Filer's total
    $0 + $850,945 related

  • PAUL VAN DOLAH

    EXECUTIVE VP & COO (THRU 5/23)

    Total calculated
    $926,676
    From this org
    $0
    From related orgs
    $896,478
    Other
    $30,198
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $642,870 related
    Bonus
    $0 + $147,277 related
    Other
    $0 + $106,331 related
    Deferred
    $0 + $30,198 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $926,676 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 3
CRC RELIES ON CHC, A RELATED ORGANIZATION, TO ESTABLISH THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL. CHC'S PROCESS INCLUDES: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEYS / STUDIES, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PLEASE REFER TO THE SCHEDULE O DISCLOSURE FOR PART VI, LINE 15 FOR ADDITIONAL DETAIL.
PART I, LINE 4B
SCHEDULE J: SEVERANCE ARRANGEMENTS, PART I, LINE 4A THE ORGANIZATION'S PERSONNEL LISTED ON FORM 990 PART VII AND SCHEDULE J PARTICIPATE IN A SEPARATION ARRANGEMENT THAT PROVIDES FOR A PORTION OF THE EMPLOYEE'S ANNUAL SALARY BASED ON THEIR POSITION IN THE ORGANIZATION. FOR THE SENIOR EXECUTIVE LEVEL, THE AMOUNT IS BASED ON YEARS OF SERVICE UP TO A MAXIMUM NUMBER OF MONTHS. UNPAID SEVERANCE UNDER THE SEPARATION AGREEMENTS FOR CURRENT KEY EMPLOYEES WERE REPORTED AT THEIR FULL VALUE IN A PREVIOUS TAX YEAR. NO PAYMENTS WERE MADE DURING CALENDAR YEAR 2022. SCHEDULE J: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE COMPANY ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN EFFECTIVE JANUARY 1, 2010 IN WHICH CERTAIN INDIVIDUALS LISTED ON THE FORM 990, PART VII AND SCHEDULE J ARE PARTICIPANTS. UNDER THE ESTABLISHED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (THE PLAN) OR SERP, FOR EACH PLAN YEAR THAT BEGINS PRIOR TO THE PARTICIPANT'S CASH DATE, CHOC SHALL CREATE A NEW SERP ACCOUNT ON ITS BOOKS FOR THE PARTICIPANT AND SHALL CREDIT TO SUCH ACCOUNT AT TIMES SPECIFIED. THE PARTICIPANTS OF THE PLAN ARE GENERAL CREDITORS OF THE COMPANY. THE PARTICIPANT'S SERP ACCOUNT SHALL BE UTILIZED SOLELY AS A DEVICE FOR THE MEASUREMENT AND DETERMINATION OF THE AMOUNTS TO BE PAID TO THE PARTICIPANT UNDER THIS PLAN. THE PARTICIPANT IS ENTITLED TO HIS/HER SERP BENEFIT AMOUNT UPON THE EARLIEST OF (1) REMAINING EMPLOYED WITH THE COMPANY TO THE THIRD ANNIVERSARY OF THE FIRST DAY OF THE PLAN YEAR FOR WHICH THE SERP ACCOUNT WAS CREATED; (2) REMAINING EMPLOYED WITH THE COMPANY TO THE PARTICIPANT'S 60TH BIRTHDAY; (3) REMAINING EMPLOYED WITH THE COMPANY TO THE DATE THE PARTICIPANT HAS BOTH ATTAINED AT LEAST AGE 55 AND HAS COMPLETED AT LEAST 10 YEARS OF SERVICE; (4) DISABILITY; (5) INVOLUNTARY SEPARATION FROM SERVICE WITHOUT REASONABLE CAUSE; (6) VOLUNTARY SEPARATION FROM SERVICE FOR GOOD REASON OR (7) DEATH. THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS FROM THE PLAN DURING THE YEAR: MS. CRIPE ($205,154), MS. SCHILLER ($101,580), MR. GABRIEL ($114,164), AND MR. VAN DOLAH ($102,255). THE COMPANY PROVIDES AN INCENTIVE PLAN TO ALL ELIGIBLE MEMBERS OF MANAGEMENT, INCLUDING CERTAIN INDIVIDUALS LISTED IN PART II OF SCHEDULE J. INCENTIVES ARE EARNED BASED ON ACHIEVEMENT OF ORGANIZATION AND INDIVIDUAL GOALS TYPICALLY RELATED TO QUALITY, PATIENT SAFETY, OPERATING, AND FINANCIAL PERFORMANCE AS WELL AS OTHER SIGNIFICANT CLINICAL, QUALITY, AND STRATEGIC ACHIEVEMENTS. THE COMPANY MAINTAINS A CORPORATE MEMBERSHIP IN A SOCIAL CLUB THAT IS UTILIZED FOR BUSINESS PURPOSES BY ITS EXECUTIVES, INCLUDING CERTAIN INDIVIDUALS LISTED IN PART II OF SCHEDULE J. USE OF THE CLUB AND PAYMENTS TO THE CLUB FOR BUSINESS-RELATED EXPENSES ARE SUBJECT TO THE COMPANY'S WRITTEN POLICIES AND PROCEDURES THAT INCLUDE A REQUIREMENT TO DOCUMENT THE PURPOSE AND ATTENDEES OF THE BUSINESS MEETING PRIOR TO PAYMENT. SCHEDULE J: COMPENSATION FOOTNOTES KIMBERLY CRIPE IS COMPENSATED THROUGH CHILDREN'S HEALTHCARE OF CALIFORNIA (CHC). IN ADDITION TO HER RESPONSIBILITIES FOR CHC, SHE ALSO SERVES AS AN OFFICER OF CHILDREN'S HOSPITAL OF ORANGE COUNTY (CHOC), CHOC FOUNDATION, CRC REAL ESTATE CORPORATION (CRC) AND CHILDREN'S HOSPITAL AT MISSION (CCMH) (ALL IRC SECTION 501(C)(3) AFFILIATES). KERRI RUPPERT SCHILLER IS COMPENSATED THROUGH CHC. IN ADDITION TO HER RESPONSIBILITIES FOR CHC, SHE ALSO SERVES AS AN OFFICER OF THE FOLLOWING AFFILIATES: CHOC, CHOC FOUNDATION, CRC, CCMH AND PROVIDENCE SPEECH AND HEARING CENTER (PSHC). PAUL VAN DOLAH IS COMPENSATED THROUGH CHC. HE ALSO SERVES AS AN OFFICER OF THE FOLLOWING AFFILIATES: CHOC, CCMH, CRC, AND PSHC. KIM MILSTIEN TOOK OVER THE COO ROLE IN MAY 2023, WHILE MR. VAN DOLAH TRANSITIONED TO A DIFFERENT ROLE WITHIN THE ORGANIZATION, CHIEF TRANSFORMATION OFFICER.

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
11 May 2024
IRS schema version
2022v5.0
Source object
202431349349302358

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