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← HRH MANAGEMENT CORPORATION

Form 990 for tax year 2024

Filed by HRH MANAGEMENT CORPORATION.

Totals

Total revenue
$6,352,467
Total expenses
$4,665,211
Contributions and grants received
$0
Grants paid
$1,800,000
Program service revenue
$4,161,250
Investment income
$2,191,217
Other revenue
$0
Total assets, end of year
$19,574,069
Total liabilities, end of year
$1,453,442
Net assets or fund balances, end of year
$18,120,627
Program services expenses (Part IX)
$2,582,553
Management and general expenses
$2,082,658
Fundraising expenses
$0
Program service expenses (Part III)
$2,582,553

Program services were 55.4% 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: MEDICAL OFFICE RENT

    total $4,161,250 · related or exempt $4,161,250

  • 3 · Investment income

    total $49,439 · excluded $49,439

  • 7a · Gross sales of assets other than inventory

    securities $551 · other assets $2,141,227

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $551 · other assets $2,141,227

  • 7d · Net gain or loss

    total $2,141,778 · excluded $2,141,778

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,800,000 · program services $1,800,000

  • 11b · Fees: legal

    total $157,545 · program services $22,797 · management and general $134,748

  • 11g · Fees: other

    total $405,154 · program services $58,626 · management and general $346,528

  • 13 · Office expenses

    total $4,479 · program services $2,157 · management and general $2,322

  • 16 · Occupancy

    total $904,552 · program services $435,812 · management and general $468,740

  • 20 · Interest

    total $74,149 · program services $36,793 · management and general $37,356

  • 21 · Payments to affiliates

    total $183,284 · program services $26,521 · management and general $156,763

  • 22 · Depreciation, depletion and amortization

    total $734,501 · program services $15,498 · management and general $719,003

  • 23 · Insurance

    total $48,349 · program services $14,644 · management and general $33,705

  • 24a · Other expenses: MAINTENANCE

    total $307,322 · program services $148,069 · management and general $159,253

  • 24b · Other expenses: BAD DEBT

    total $5,939 · program services $2,862 · management and general $3,077

  • 24c · Other expenses: LICENSES/FEES

    total $250 · program services $120 · management and general $130

  • 24e · All other expenses

    total $39,687 · program services $18,654 · management and general $21,033

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,308,598 · end of year $2,154,723

  • 2 · Savings and temporary cash investments

    beginning of year $6,782,602 · end of year $6,335,240

  • 4 · Accounts receivable

    beginning of year $613,592 · end of year $450,123

  • 7 · Other notes and loans receivable

    beginning of year $2,049,577 · end of year $2,042,107

  • 9 · Prepaid expenses and deferred charges

    beginning of year $88,299 · end of year $81,440

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

    $29,216,455

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

    $20,854,063

  • 10c · Land, buildings and equipment, net

    beginning of year $6,217,029 · end of year $8,362,392

  • 12 · Investments: other securities

    beginning of year $137,319 · end of year $137,319

  • 15 · Other assets

    beginning of year $10,725 · end of year $10,725

  • 17 · Accounts payable and accrued expenses

    beginning of year $123,046 · end of year $67,547

  • 19 · Deferred revenue

    beginning of year $123,097 · end of year $41,354

  • 23 · Secured mortgages and notes payable

    beginning of year $934,792 · end of year $1,336,250

  • 25 · Other liabilities

    beginning of year $14,937 · end of year $8,291

  • 27 · Net assets without donor restrictions

    beginning of year $16,011,869 · end of year $18,120,627

Mission and programs · 2024

Mission

TO IMPROVE OVERALL QUALITY OF CARE FOR HOLY REDEEMER HEALTH SYSTEM'S PATIENTS AND AFFILIATED LONG-TERM CARE FACILITIES' RESIDENTS BY HAVING PRACTICES OF MEDICAL AND PARAMEDICAL PERSONNEL LOCATED IN CLOSE PROXIMITY.

Activities or mission (Part I)

TO IMPROVE HOLY REDEEMER HEALTH SYSTEM'S OVERALL QUALITY OF CARE BY LEASING MEDICAL OFFICES

  • FACILITIES - PROVIDE AND MAINTAIN REAL ESTATE FOR MEDICAL PROVIDERS WHO ARE ON STAFF AT HOLY REDEEMER HEALTH SYSTEM'S (HRHS) FACILITIES. HRHS IS A 501(C)(3) PUBLIC CHARITY.

    Expenses $2,582,553 · Grants $1,800,000 · Revenue $4,161,250

As filed on the 2024 return.

Listed in Part VII

  • MICHAEL B LAIGN UNTIL 1024

    BOARD MEMBER, PRESIDENT/CEO

    Total calculated
    $798,107
    From this org
    $0
    From related orgs
    $755,084
    Other
    $43,023
    Hours/week
    0.5 + 48.51 related

    Schedule J breakdown matched by us

    Base
    $0 + $732,084 related
    Bonus
    $0
    Other
    $0 + $23,000 related
    Deferred
    $0 + $32,653 related
    Nontaxable benefits
    $0 + $10,370 related
    Filer's total
    $0 + $798,107 related

  • JAMES PAUL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • GREGORY WOZNIAK

    BOARD MEMBER, PRESIDENT/CEO

    Total calculated
    $334,834
    From this org
    $0
    From related orgs
    $288,157
    Other
    $46,677
    Hours/week
    0.5 + 48.51 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,157 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $35,000 related
    Nontaxable benefits
    $0 + $11,677 related
    Filer's total
    $0 + $334,834 related

  • JOSEPH DENNY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DONALD F FRIEL UNTIL 1224

    VP

    Total calculated
    $866,655
    From this org
    $0
    From related orgs
    $837,142
    Other
    $29,513
    Hours/week
    0.01 + 44.04 related

    Schedule J breakdown matched by us

    Base
    $0 + $832,570 related
    Bonus
    $0
    Other
    $0 + $4,572 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $19,163 related
    Filer's total
    $0 + $866,655 related

  • MICHAEL KEEN UNTIL 0525

    TREASURER/CFO

    Total calculated
    $396,597
    From this org
    $0
    From related orgs
    $364,820
    Other
    $31,777
    Hours/week
    0.01 + 39.91 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,229 related
    Bonus
    $0
    Other
    $0 + $25,591 related
    Deferred
    $0 + $3,450 related
    Nontaxable benefits
    $0 + $28,327 related
    Filer's total
    $0 + $396,597 related

  • DONALD W FOX

    BOARD MEMBER, VP

    Total calculated
    $352,988
    From this org
    $0
    From related orgs
    $296,326
    Other
    $56,662
    Hours/week
    0.5 + 40.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $292,023 related
    Bonus
    $0
    Other
    $0 + $4,303 related
    Deferred
    $0 + $38,189 related
    Nontaxable benefits
    $0 + $18,473 related
    Filer's total
    $0 + $352,988 related

  • CRISTINA PEOPLES

    CORPORATE SECRETARY

    Total calculated
    $81,381
    From this org
    $0
    From related orgs
    $71,238
    Other
    $10,143
    Hours/week
    0.01 + 40.14 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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION UTILIZES HOLY REDEEMER HEALTH SYSTEM (HRHS), A RELATED PENNSYLVANIA 501(C)(3) PUBLIC CHARITY, AS ITS COMMON PAYMASTER. THE TOP MANAGEMENT OFFICIAL PERFORMS SERVICES FOR MULTIPLE RELATED ENTITIES AND EACH ENTITY PAYS FOR THEIR PORTION OF SERVICES BY REMITTING FUNDS TO HRHS; THE OVERALL COMPENSATION PACKAGE IS REVIEWED AND APPROVED BY HRHS. HRHS USES THE FOLLOWING WHEN DETERMINING THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER SIMILAR ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE COMPENSATION COMMITTEE.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349307235

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