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Nonprofiteer
← SAINT BARNABAS REALTY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by SAINT BARNABAS REALTY DEVELOPMENT CORPORATION.

Totals

Total revenue
$5,182,291
Total expenses
$6,581,105
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,702,909
Investment income
$2,138,292
Other revenue
$1,341,090
Total assets, end of year
$52,437,238
Total liabilities, end of year
$108,590,201
Net assets or fund balances, end of year
-$56,152,963
Program services expenses (Part IX)
$6,581,105
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$6,581,105

Program services were 100.0% 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 $1,702,909 · related or exempt $1,702,909

  • 3 · Investment income

    total $2,138,292 · unrelated business $0 · excluded $2,138,292

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $1,249,074

  • 6c · Rental income or loss

    real property $1,249,074 · personal property $0

  • 6d · Net rental income or loss

    total $1,249,074 · excluded $1,249,074

  • 7d · Net gain or loss

    total $0

  • 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: MISCELLANEOUS REVENUE

    total $92,016 · excluded $92,016

  • 11e · Other revenue, total

    $92,016

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 $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,260,889 · program services $1,260,889

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $3,058,111 · program services $3,058,111

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,439,709 · program services $1,439,709

  • 23 · Insurance

    total $0

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $420,022 · program services $420,022 · management and general $0 · fundraising $0

  • 24b · Other expenses: ALLOC. OF PERSONNEL COSTS

    total $98,163 · program services $98,163 · management and general $0 · fundraising $0

  • 24c · Other expenses: PURCHASED SERVICES

    total $87,475 · program services $87,475 · management and general $0 · fundraising $0

  • 24d · Other expenses: OTHER EXPENSES

    total $216,736 · program services $216,736 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,629 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 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 $70,561 · end of year $74,038

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

    $64,700,218

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

    $29,468,872

  • 10c · Land, buildings and equipment, net

    beginning of year $75,666,516 · end of year $35,231,346

  • 11 · Investments: publicly traded securities

    beginning of year $10,679,291 · end of year $4,880,374

  • 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 $14,604,165 · end of year $12,251,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,667,579 · end of year $1,701,049

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $2,247,249 · end of year $2,241,340

  • 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 $5,551,239 · end of year $3,420,042

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $116,676,816 · end of year $101,227,770

  • 27 · Net assets without donor restrictions

    beginning of year -$25,072,721 · end of year -$56,152,963

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE ORGANIZATION SUPPORTS COOPERMAN BARNABAS MEDICAL CENTER AND OTHER RWJBARNABAS HEALTH AFFILIATES; COORDINATES THE MANAGEMENT AND OPERATION OF RENTAL SPACE OF PROPERTY OWNED AND RENTED BY RWJBARNABAS HEALTH.

Activities or mission (Part I)

SUPPORTS COOPERMAN BARNABAS MEDICAL CENTER & OTHER RWJBH AFFILIATES; COORDINATES THE MGMT & OPERATION OF RENTAL SPACE OF PROPERTY OWNED AND RENTED BY RWJBH.

  • EXPENSES INCURRED IN SUPPORTING COOPERMAN BARNABAS MEDICAL CENTER AND OTHER RWJBARNABAS HEALTH AFFILIATES; COORDINATES THE MANAGEMENT AND OPERATION OF RENTAL SPACE OF PROPERTY OWNED AND RENTED BY RWJBARNABAS HEALTH.

    Expenses $6,581,105 · Revenue $1,702,909

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David A Mebane Esq

    TRUSTEE-RWJBH EVP/GEN COUNSEL

    Total calculated
    $1,979,624
    From this org
    $0
    From related orgs
    $1,616,025
    Other
    $363,599
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $839,758 related
    Bonus
    $0 + $408,750 related
    Other
    $0 + $367,517 related
    Deferred
    $0 + $342,737 related
    Nontaxable benefits
    $0 + $20,862 related
    Filer's total
    $0 + $1,979,624 related
  • William Cuthill

    TRUSTEE - RWJBH SVP FACILITIES

    Total calculated
    $1,164,068
    From this org
    $0
    From related orgs
    $927,383
    Other
    $236,685
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $440,559 related
    Bonus
    $0 + $308,750 related
    Other
    $0 + $178,074 related
    Deferred
    $0 + $196,300 related
    Nontaxable benefits
    $0 + $40,385 related
    Filer's total
    $0 + $1,164,068 related
  • Gary V Lotano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I; QUESTION 4B
THE AMOUNT REFLECTED IN COLUMN B(III) FOR THE FOLLOWING INDIVIDUALS INCLUDES CURRENT YEAR VESTINGS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) AS THE AMOUNTS WERE NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNTS OUTLINED HEREIN WERE INCLUDED IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: david a. Mebane, esq., $348,437 and william cuthill, $157,500. THE DEFERRED COMPENSATION AMOUNT IN COLUMN C FOR THE FOLLOWING INDIVIDUALS INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH ARE SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THE INDIVIDUALS MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNTS OUTLINED HEREIN WERE NOT INCLUDED IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: david a. Mebane, esq., $314,687 and william cuthill, $151,750.
SCHEDULE J, PART I; QUESTION 7 AND CORE FORM, PART VII
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2023 WHICH AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.
SCHEDULE J, PART II, COLUMN F
THE AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (F) INCLUDE AMOUNTS REPORTED ON PRIOR YEARS' FORMS 990 IN SCHEDULE J, PART II, IN COLUMN (C) AS NON-TAXABLE UNVESTED DEFERRED COMPENSATION THAT IS NOW BEING REPORTED AGAIN ON THIS YEAR'S FORM 990. ACCORDINGLY, IN PRIOR YEARS THE INDIVIDUAL'S NEVER ACTUALLY RECEIVED ANY OF THESE UNVESTED BENEFIT AMOUNTS.

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.

Disregarded entities

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

  • BARNABAS HLTH REALTY-BAYONNE PROJECT LLC

    TITLE HLDNG · NJ · income $0 · assets $0

    Directly controlled by SBRDC

Related partnerships

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

  • AVENEL ISELIN MEDICAL GROUP LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • BARNABAS ON TIME HOLDINGS LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • CENTRAL JERSEY ACO LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • CREST PHYSICAL THERAPY SERVICES LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • HAMILTON ENDO & SURG LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • HUDSON MD GROUP LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • INNOVATIVE PURCHASING CONCEPTS

    INACTIVE · NJ

    Directly controlled by NA

  • JERSEY ASC VENTURES LLC

    HEALTH SVCS. · TN

    Directly controlled by NA

  • LIBERTYUSP SURGERY CENTERS LLC

    HEALTH SVCS. · TX

    Directly controlled by NA

  • MEDEMERGE LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • NEW JERSEY IMAGING NTWK LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • RWJBH ASSOCIATES 2 LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • RWJ-REGENT II LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • SHREWSBURY DIAGNOSTIC IMAGING LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • SOMERSET PEDIATRIC GROUP LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • CARE STATION MSO LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • JAG-ONE HOLDINGS LP

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • PREDICTIVE HEALTH SOLUTIONS LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • ADVANCED GASTROENTEROLOGY GROUP LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • PARKWAY ANESTHESIA ASSOCIATES LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • ANESTHESIA SPECIALISTS OF NJ LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • PARKWAY MEDICAL MANAGEMENT LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • DIGESTIVE HEALTHCARE CENTER LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • KAYAL MEDICAL GROUP LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • MEDICOR CARDIOLOGY LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • MONTGOMERY MEDICAL ASSOCIATES LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • UNION COUNTY HC ASSOCIATES LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • A WOMAN'S PLACE HOLDINGS LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • ADVANCED SURGICAL & ENDOSCOPY OF NJ LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • ASSOCIATES IN OTOLARYNGOLOGY OF NJ LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • ATLANTIC AMBULATORY ANESTHESIA ASSOCLLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • CCG MEDICAL GROUP LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • FAMILY CARE PRIMARY & URGENT CARE LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • MVP MEDICAL ASSOCIATES II LLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • SEAVIEW ORTHOPAEDICS & MEDICAL ASSOCLLC

    HEALTH SVCS. · NJ

    Directly controlled by NA

  • SCA-SPARTA LLC

    HEALTH SVCS. · AL

    Directly controlled by NA

Related corporations and trusts

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

  • CENTER STATE MANAGEMENT CORP

    C Corp. · MGMT SVCS. · NJ

    Directly controlled by NA

  • CSH VENTURES INC

    C Corp. · MED. CONSULTING · NJ

    Directly controlled by NA

  • HEALTH CARE FACILITIES MGT

    C Corp. · MAINT. SVCS. · NJ

    Directly controlled by NA

  • LIVINGSTON INFUSION CARE INC

    C Corp. · HEALTH SVCS. · NJ

    Directly controlled by NA

  • LIVINGSTON SERVICES CORP

    C Corp. · HEALTH SVCS. · NJ

    Directly controlled by NA

  • LSC PHARMACY SERVICES INC

    C Corp. · PHARMACY SVCS. · NJ

    Directly controlled by NA

  • MAJOR INVESTIGATIONS INC

    C Corp. · SECURITY SVCS. · NJ

    Directly controlled by NA

  • NJ HEALTH CARE SYSTEM INC

    C Corp. · INACTIVE · NJ

    Directly controlled by NA

  • RWJ MED SVCS ORG AT HAMILTON

    C Corp. · HEALTH SVCS. · NJ

    Directly controlled by NA

  • RWJ MEDICAL ASSOCIATES PA

    C Corp. · HEALTH SVCS. · NJ

    Directly controlled by NA

  • RWJ PHYSICIAN ENTERPRISE PA

    C Corp. · HEALTH SVCS. · NJ

    Directly controlled by NA

  • RWJ SURGERY CENTER INC

    C Corp. · HEALTH SVCS. · NJ

    Directly controlled by NA

  • SBC MANAGEMENT CORPORATION

    C Corp. · MGMT SVCS. · NJ

    Directly controlled by NA

  • SHC ENTERPRISES INC

    C Corp. · MGMT SVCS. · NJ

    Directly controlled by NA

  • SOMERSET REALTY GROUP INC

    C Corp. · REAL ESTATE · NJ

    Directly controlled by NA

  • TRINITAS HEALTH SERVICES CORPORATION

    C Corp. · HEALTH SVCS. · NJ

    Directly controlled by NA

  • VISION HEALTHCARE INC

    C Corp. · INVESTMENT · NJ

    Directly controlled by NA

  • CPIC

    Foreign Corp. · FINANCIAL VEHICLE · BD

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.1
Source object
202443199349318099

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