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← JONESBORO REAL ESTATE HOLDINGS INC

Form 990 for tax year 2022

Filed by JONESBORO REAL ESTATE HOLDINGS INC.

Totals

Total revenue
$2,453,989
Total expenses
$1,721,972
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,440,732
Investment income
$11,823
Other revenue
$1,434
Total assets, end of year
$22,820,834
Total liabilities, end of year
$182,069
Net assets or fund balances, end of year
$22,638,765
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: RENTAL INCOME

    total $2,291,558 · related or exempt $2,291,558

  • 2b · Program service revenue: EQUITY IN PARAGOULD MEDICAL PARK

    total $149,174 · related or exempt $149,174

  • 3 · Investment income

    total $12,834 · excluded $12,834

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

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

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

    other assets $1,011

  • 7c · Gain or loss

    other assets -$1,011

  • 7d · Net gain or loss

    total -$1,011 · excluded -$1,011

  • 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

  • 11a · Other revenue: All Other Misc Revenue

    total $1,434 · excluded $1,434

  • 11d · All other revenue

    total $1,434 · excluded $1,434

  • 11e · Other revenue, total

    $1,434

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 $12,237

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $901

  • 11a · Fees: management

    total $157,224

  • 11b · Fees: legal

    total $7,059

  • 11c · Fees: accounting

    total $2,279

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $45,364

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $27,898

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $242,888

  • 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 $698,244

  • 23 · Insurance

    total $111,800

  • 24a · Other expenses: PROPERTY TAXES

    total $207,048

  • 24b · Other expenses: GROUND MAINTENANCE

    total $131,790

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $72,694

  • 24d · Other expenses: FIRE PROTECTION

    total $4,133

  • 24e · All other expenses

    total $413

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $1,001

  • 2 · Savings and temporary cash investments

    beginning of year $64,513 · end of year $294,500

  • 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 $3,463 · end of year $0

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

    $30,203,470

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

    $13,151,788

  • 10c · Land, buildings and equipment, net

    beginning of year $17,256,435 · end of year $17,051,682

  • 11 · Investments: publicly traded securities

    beginning of year $261,889 · end of year $235,323

  • 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 $5,639,011 · end of year $5,238,328

  • 17 · Accounts payable and accrued expenses

    beginning of year $185,680 · end of year $182,069

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $23,039,631 · end of year $22,638,765

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

THE GOVERNING BODY OF JONESBORO REAL ESTATE HOLDINGS, INC. HAS NOT ADOPTED A FORMAL MISSION STATEMENT.

Activities or mission (Part I)

THE ORGANIZATION SERVES AS A HOLDING COMPANY FOR THE ACQUISITION OF RENTAL REAL ESTATE AND RAW LAND FOR HEALTHCARE PURPOSES.

  • THE ORGANIZATION SERVES AS A HOLDING COMPANY FOR THE ACQUISITION OF RENTAL REAL ESTATE AND RAW LAND FOR HEALTHCARE PURPOSES.

As filed on the 2022 return.

Listed in Part VII

  • Chris Barber

    PRESIDENT

    Total calculated
    $906,944
    From this org
    $0
    From related orgs
    $862,134
    Other
    $44,810
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $802,391 related
    Bonus
    $0
    Other
    $0 + $59,743 related
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $17,810 related
    Filer's total
    $0 + $906,944 related

  • Benjamin Barylske

    CFO

    Total calculated
    $395,007
    From this org
    $0
    From related orgs
    $365,152
    Other
    $29,855
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $357,814 related
    Bonus
    $0
    Other
    $0 + $7,338 related
    Deferred
    $0 + $12,045 related
    Nontaxable benefits
    $0 + $17,810 related
    Filer's total
    $0 + $395,007 related

  • Matt Parker

    TOP MANAGEMENT OFFICIAL

    Total calculated
    $301,871
    From this org
    $0
    From related orgs
    $287,838
    Other
    $14,033
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $276,934 related
    Bonus
    $0
    Other
    $0 + $10,904 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $14,033 related
    Filer's total
    $0 + $301,871 related

  • Mother Mary Clare Bezner

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Charles Frierson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Guy Patteson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • John Freeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I, LINE 3
ST. BERNARDS HEALTHCARE, A RELATED ORGANIZATION, USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD TO ESTABLISH COMPENSATION OF THE CEO.
FORM 990, SCHEDULE J, PART I, LINE 4B
CHRIS BARBER RECEIVED $20,500 IN CONTRIBUTIONS TO A 457(F) PLAN.
FORM 990, SCHEDULE J, PART II, COLUMN D
THE INCREASE OF THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PENSION PLAN IS NOT CALCULATED ON AN INDIVIDUAL EMPLOYEE BASIS BUT RATHER ON THE EMPLOYEE GROUP TAKEN AS A WHOLE. THE INCREASE IN EACH INDIVIDUAL'S BALANCE WOULD HAVE TO BE ESTIMATED USING ASSUMPTIONS UNIQUE TO THAT INDIVIDUAL RATHER THAN THE PLAN AS A WHOLE. THIS INFORMATION IS NOT AVAILABLE AT THIS TIME. HOWEVER, WE BELIEVE THE INCREASE TO EACH INDIVIDUAL'S ACCOUNT WOULD NOT MATERIALLY CHANGE THE COMPENSATION REPORTED. WE WILL WORK WITH OUR ACTUARY TO DETERMINE THE ANNUAL INCREASE IN FUTURE PERIODS.

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.

  • PET CENTER LLC

    P.E.T. SCANNING · AR

    Directly controlled by NA

  • OUTPATNT SRGRY CTR

    HEALTHCARE · AR

    Directly controlled by NA

  • PAIN CENTER LLC

    PAIN MANAGEMENT · AR

    Directly controlled by NA

Related corporations and trusts

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

  • REGIONAL HEALTHCARE HOLDINGS INC

    C CORPORATION · HOLDING CO. · AR · controlled entity

    Directly controlled by NA

  • JONESBORO ANESTHESIA INC

    C CORPORATION · ANESTHESIOLOGY · AR · controlled entity

    Directly controlled by NA

  • JONESBORO NEUROSURGERY CLINIC

    C CORPORATION · NEUROSURGERY · AR · controlled entity

    Directly controlled by NA

  • DOCTORS HEALTH GROUP

    C CORPORATION · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • REGIONAL HEALTHCARE SERVICES

    C CORPORATION · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • HEART SURGERY ASSOCIATES OF AR INC

    C CORPORATION · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • THE HEARTCARE CENTER INC

    C CORPORATION · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • SURGICAL ASSOCIATES OF JONESBORO

    C CORPORATION · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • HEALTHCARE MEDICAL GROUP INC

    C CORPORATION · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • ST BERNARDS UROLOGY ASSOCIATES INC

    C CORPORATION · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • JONESBORO PLASTIC SURGERY

    C CORPORATION · PLASTIC SURGERY · AR · controlled entity

    Directly controlled by NA

  • OB-GYN ASSOC OF JONESBORO

    C CORPORATION · OB-GYN · AR · controlled entity

    Directly controlled by NA

  • CARDIOLOGY ASSOCIATES OF JONESBORO

    C CORPORATION · CARDIOLOGY · AR · controlled entity

    Directly controlled by NA

  • ST BERNARDS CLINICS INC

    C CORPORATION · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • CANCER CARE ASSOCIATES

    C CORPORATION · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • ST BERNARDS ORTHOPEDIC ASSOCIATES INC

    C CORPORATION · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • ST BERNARDS PHYSICIAN CLINICS INC

    C CORPORATION · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
17 July 2024
IRS schema version
2022v5.0
Source object
202442269349301234

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