Form 990 for tax year 2022

Filed by BASELINE MEDICAL PROPERTIES INC.

Totals

Total revenue: $368,010
Total expenses: $485,031
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $0
Investment income: $368,010
Other revenue: $0
Total assets, end of year: $6,971,870
Total liabilities, end of year: $6,352,772
Net assets or fund balances, end of year: $619,098
Program services expenses (Part IX): $481,357
Management and general expenses: $3,674
Fundraising expenses: $0
Program service expenses (Part III): $481,357

Program services were 99.2% 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.

2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $368,010 · excluded $368,010
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

4 · Benefits paid to or for members

total $0 · program services $0
11c · Fees: accounting

total $3,674 · management and general $3,674
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $481,357 · program services $481,357
24e · All other expenses

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

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $146,397 · end of year $166,122
2 · Savings and temporary cash investments

beginning of year $503,764 · end of year $506,642
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 $5,946,300 · end of year $5,946,300
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $550,224 · end of year $352,806
17 · Accounts payable and accrued expenses

beginning of year $68,191 · end of year $84,265
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 $5,986,419 · end of year $5,994,987
25 · Other liabilities

beginning of year $269,844 · end of year $273,520
27 · Net assets without donor restrictions

beginning of year $822,231 · end of year $619,098

Mission and programs · 2022

Mission

BASELINE MEDICAL PROPERTIES FACILITATES MOUNTAIN PARK HEALTH CENTER'S USE OF THE NEW MARKETS TAX CREDIT TO FINANCE IMPROVEMENTS TO ITS BASELINE 303 CLINIC.

Activities or mission (Part I)

FACILITATE THE NEW MARKETS TAX CREDIT TO FINANCE IMPROVEMENTS TO THE BASELINE 303 CLINIC.

BASELINE MEDICAL PROPERTIES FACILITATES MOUNTAIN PARK HEALTH CENTER'S USE OF THE NEW MARKETS TAX CREDIT TO FINANCE IMPROVEMENTS TO ITS BASELINE 303 CLINIC.

Expenses $481,357

As filed on the 2022 return.

Listed in Part VII

Katherine CecalaKATHERINE CECALA

TREASURER

Total calculated

$0

Hours/week

0.1 + 2 related
Keith LindorKEITH LINDOR

IMMEDIATE PAST CHAIR BEG 03/23

Total calculated

$0

Hours/week

0.1 + 2 related
Khalil RushdanKHALIL RUSHDAN

VICE CHAIR END / BOARD CHAIR BEG 03/23

Total calculated

$0

Hours/week

0.1 + 2 related
Michael StewartMICHAEL STEWART

DIRECTOR END / VICE CHAIR BEG 03/23

Total calculated

$0

Hours/week

0.1 + 2 related
Ahmed Al-ZubidiAHMED AL-ZUBIDI

DIRECTOR END 08/23

Total calculated

$0

Hours/week

0.1 + 2 related
Anna OrtizANNA ORTIZ

DIRECTOR BEG 11/23

Total calculated

$0

Hours/week

0.1 + 2 related
Anthony TremontoANTHONY TREMONTO

DIRECTOR END 02/23

Total calculated

$0

Hours/week

0.1 + 2 related
Carmen RonanCARMEN RONAN

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 2 related
Dan O'BrienDAN O'BRIEN

DIRECTOR BEG 10/23

Total calculated

$0

Hours/week

0.1 + 2 related
Elizabeth McNameeELIZABETH MCNAMEE

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 2 related
Emiliano EspinoEMILIANO ESPINO

DIRECTOR END 02/23

Total calculated

$0

Hours/week

0.1 + 2 related
M Edwyn Harrison MDM EDWYN HARRISON MD

DIRECTOR BEG 04/23

Total calculated

$0

Hours/week

0.1 + 2 related
Maria GonzalezMARIA GONZALEZ

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 2 related
Page UnderwoodPAGE UNDERWOOD

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 2 related
Randy RodyRANDY RODY

DIRECTOR BEG 04/23

Total calculated

$0

Hours/week

0.1 + 2 related
Richard SieverRICHARD SIEVER

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 2 related
Wajeh KhanWAJEH KHAN

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 2 related
Yanitza SotoYANITZA SOTO

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 2 related
John SwagertJOHN SWAGERT

CHIEF EXECUTIVE OFFICER

Total calculated

$551,588

From this org

$0

From related orgs

$512,990

Other

$38,598

Hours/week

0.2 + 40 related

Schedule J breakdown matched by us

Base

$0 + $504,242 related

Bonus

$0

Other

$0 + $8,748 related

Deferred

$0 + $9,150 related

Nontaxable benefits

$0 + $29,448 related

Filer's total

$0 + $551,588 related
Sandra CurticeSANDRA CURTICE

CFO

Total calculated

$7,692

From this org

$0

From related orgs

$7,692

Other

$0

Hours/week

0.2 + 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

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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation: MOUNTAIN PARK HEALTH CENTER, A RELATED ORGANIZATION, USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO: - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan: A 457(F) PLAN WAS ESTABLISHED BEGINNING JANUARY 1, 2022, FOR JOHN SWAGERT, MD.

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.

MOUNTAIN PARK HEALTH CENTER

501(c)(3) · HEALTH SERVICES · AZ

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2022
Filed: 6 September 2024
IRS schema version: 2022v5.0
Source object: 202422509349300617

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