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← HWC REAL ESTATE HOLDING COMPANY INC

Form 990 for tax year 2022

Filed by HWC REAL ESTATE HOLDING COMPANY INC.

Totals

Total revenue
$600,000
Total expenses
$825,852
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$600,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$8,655,247
Total liabilities, end of year
$8,699,360
Net assets or fund balances, end of year
-$44,113
Program services expenses (Part IX)
$711,368
Management and general expenses
$114,484
Fundraising expenses
$0
Program service expenses (Part III)
$711,368

Program services were 86.1% 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: RENTAL INCOME

    total $600,000 · related or exempt $600,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 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.

  • 11c · Fees: accounting

    total $12,625 · management and general $12,625

  • 11g · Fees: other

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

  • 13 · Office expenses

    total $3,426 · program services $2,997 · management and general $429

  • 20 · Interest

    total $170,931 · program services $149,521 · management and general $21,410

  • 22 · Depreciation, depletion and amortization

    total $551,997 · program services $482,858 · management and general $69,139

  • 23 · Insurance

    total $59,757 · program services $52,272 · management and general $7,485

  • 24a · Other expenses: MAINTENANCE & REPAIRS

    total $27,116 · program services $23,720 · management and general $3,396

  • 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 $435,437 · end of year $686,999

  • 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

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

    $9,015,040

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

    $1,250,446

  • 10c · Land, buildings and equipment, net

    beginning of year $8,277,207 · end of year $7,764,594

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $220,637 · end of year $203,654

  • 17 · Accounts payable and accrued expenses

    end of year $26,320

  • 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 $7,526,094 · end of year $7,475,173

  • 25 · Other liabilities

    beginning of year $1,208,467 · end of year $1,197,867

  • 27 · Net assets without donor restrictions

    beginning of year $198,720 · end of year -$44,113

Mission and programs · 2022

Mission

TO HOLD AND MANAGE REAL ESTATE TO BENEFIT, PERFORM FUNCTIONS OF, OR CARRY OUT THE PURPOSES OF STIGLER HEALTH AND WELLNESS CENTER, INC.

  • TO HOLD AND MANAGE REAL ESTATE TO BENEFIT, PERFORM FUNCTIONS OF, OR CARRY OUT THE PURPOSES OF STIGLER HEALTH AND WELLNESS CENTER INC WHO SERVES PATIENTS IN THE SURROUNDING AREA.

    Expenses $711,368 · Revenue $600,000

As filed on the 2022 return.

Listed in Part VII

  • Erika Martens

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Michelle Wade

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Pennie Embry

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    0.3 + 0.6 related

  • Royce Alverson

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 0.6 related

  • Larry Hall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Stephanie Long

    CFO

    Total calculated
    $174,163
    From this org
    $0
    From related orgs
    $157,761
    Other
    $16,402
    Hours/week
    0.3 + 40.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,404 related
    Bonus
    $0 + $4,600 related
    Other
    $0 + $5,757 related
    Deferred
    $0 + $14,252 related
    Nontaxable benefits
    $0 + $2,150 related
    Filer's total
    $0 + $174,163 related

  • Teresa Huggins

    CEO

    Total calculated
    $242,879
    From this org
    $0
    From related orgs
    $214,691
    Other
    $28,188
    Hours/week
    0.3 + 40.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,375 related
    Bonus
    $0 + $4,600 related
    Other
    $0 + $3,716 related
    Deferred
    $0 + $18,809 related
    Nontaxable benefits
    $0 + $9,379 related
    Filer's total
    $0 + $242,879 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)

Schedule J, Part I, Line 3 METHODS USED TO ESTABLISH EXECUTIVE COMPENSATION
STIGLER HEALTH AND WELLNESS CENTER INC, A RELATED ORGANIZATION, USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
Schedule J, Part I, Line 7 BONUS & INCENTIVE COMPENSATION
STIGLER HEALTH AND WELLNESS CENTER INC, A RELATED ORGANIZATION, PROVIDED THE FOLLOWING NONFIXED PAYMENTS ARRANGEMENTS: (1) PER PROVIDER CONTRACTS, PROVIDERS ARE ELIGIBLE TO EARN A BONUS EACH MONTH BASED ON A SET CALCULATION FOR VISITS OVER A MONTHLY GOAL AMOUNT. (2) PER POLICY, PATIENT ACCESS CENTER STAFF ARE ELIGIBLE TO RECEIVE MONTHLY BONUSES BASED ON A SET CALCULATION FOR WORKING PATIENT ACCOUNTS IN COLLECTION OR BAD DEBT WRITE-OFFS.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 October 2024
IRS schema version
2022v5.0
Source object
202432899349302078

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