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Nonprofiteer
← HOLY NAME REAL ESTATE CORP

Form 990 for tax year 2023

Filed by HOLY NAME REAL ESTATE CORP.

Totals

Total revenue
$7,802,244
Total expenses
$7,652,817
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,816,191
Investment income
-$13,947
Other revenue
$0
Total assets, end of year
$44,479,552
Total liabilities, end of year
$41,301,227
Net assets or fund balances, end of year
$3,178,325
Program services expenses (Part IX)
$6,700,042
Management and general expenses
$952,775
Fundraising expenses
$0
Program service expenses (Part III)
$6,700,042

Program services were 87.6% 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 FROM AFFILIATES

    total $7,816,191 · related or exempt $7,816,191

  • 3 · Investment income

    total $0

  • 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 $13,947

  • 7c · Gain or loss

    other assets -$13,947

  • 7d · Net gain or loss

    total -$13,947 · excluded -$13,947

  • 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

  • 11e · Other revenue, total

    $0

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 $4,550 · program services $3,984 · management and general $566

  • 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 $1,535 · program services $1,344 · management and general $191

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $5,214,739 · program services $4,565,504 · management and general $649,235

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $40,645 · program services $35,585 · management and general $5,060

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,737,206 · program services $1,520,924 · management and general $216,282

  • 23 · Insurance

    total $26,723 · program services $23,396 · management and general $3,327

  • 24a · Other expenses: ALLOCATION OF PERSONNEL COST

    total $354,350 · program services $310,233 · management and general $44,117 · fundraising $0

  • 24b · Other expenses: PURCHASED SERVICES

    total $252,015 · program services $220,639 · management and general $31,376 · fundraising $0

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $21,054 · program services $18,433 · management and general $2,621 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $194,299 · end of year $68,839

  • 2 · Savings and temporary cash investments

    beginning of year $58,727 · end of year $59,006

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $56,592 · end of year $103,442

  • 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 $321,825 · end of year $335,174

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

    $40,371,037

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

    $13,775,024

  • 10c · Land, buildings and equipment, net

    beginning of year $28,022,568 · end of year $26,596,013

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 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 $18,868,053 · end of year $17,317,078

  • 17 · Accounts payable and accrued expenses

    beginning of year $185,908 · end of year $412,971

  • 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 $982,496 · end of year $737,471

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $43,324,762 · end of year $40,150,785

  • 27 · Net assets without donor restrictions

    beginning of year $3,028,898 · end of year $3,178,325

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

HOLY NAME REAL ESTATE CORPORATION HOLDS TITLE TO REAL PROPERTY FOR THE PURPOSE OF SUPPORTING THE CHARITABLE PURPOSES OF HOLY NAME MEDICAL CENTER, INC. HOLY NAME MEDICAL CENTER, INC. IS A COMMUNITY OF CAREGIVERS COMMITTED TO A MINISTRY OF HEALING, EMBRACING THE TRADITION OF CATHOLIC PRINCIPLES, THE PURSUIT OF PROFESSIONAL EXCELLENCE, AND CONSCIENTIOUS STEWARDSHIP. HOLY NAME MEDICAL CENTER, INC. HELPS THE COMMUNITY ACHIEVE THE HIGHEST ATTAINABLE LEVEL OF HEALTH THROUGH EDUCATION, PREVENTION AND TREATMENT.

Activities or mission (Part I)

TO HOLD TITLE TO REAL PROPERTY TO SUPPORT THE CHARITABLE PURPOSES OF HOLY NAME MEDICAL CENTER, INC., A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.

  • EXPENSES INCURRRED IN HOLDING TITLE TO REAL PROPERTY FOR THE PURPOSE OF SUPPORTING THE CHARITABLE PURPOSES OF HOLY NAME MEDICAL CENTER, INC.; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION, WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.

    Expenses $6,700,042 · Revenue $7,816,191

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

Listed in Part VII

  • Michael Maron

    Trustee - President & CEO HNMC

    Total calculated
    $2,402,083
    From this org
    $0
    From related orgs
    $2,346,088
    Other
    $55,995
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $1,425,964 related
    Bonus
    $0 + $900,000 related
    Other
    $0 + $20,124 related
    Deferred
    $0 + $35,700 related
    Nontaxable benefits
    $0 + $20,295 related
    Filer's total
    $0 + $2,402,083 related

  • Ryan Kennedy CPA

    EVP/CFO, Assist. SEC/TREAS

    Total calculated
    $921,230
    From this org
    $0
    From related orgs
    $756,534
    Other
    $164,696
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $541,050 related
    Bonus
    $0 + $200,000 related
    Other
    $0 + $15,484 related
    Deferred
    $0 + $131,458 related
    Nontaxable benefits
    $0 + $33,238 related
    Filer's total
    $0 + $921,230 related

  • Steven L Mosser

    EVP, Operations

    Total calculated
    $561,910
    From this org
    $0
    From related orgs
    $502,346
    Other
    $59,564
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $427,643 related
    Bonus
    $0 + $65,000 related
    Other
    $0 + $9,703 related
    Deferred
    $0 + $25,001 related
    Nontaxable benefits
    $0 + $34,563 related
    Filer's total
    $0 + $561,910 related

  • Randy Tartacoff MD

    Trustee

    Total calculated
    $323,285
    From this org
    $0
    From related orgs
    $302,210
    Other
    $21,075
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $300,000 related
    Bonus
    $0
    Other
    $0 + $2,210 related
    Deferred
    $0 + $20,100 related
    Nontaxable benefits
    $0 + $975 related
    Filer's total
    $0 + $323,285 related

  • David Butler MD

    Trustee

    Total calculated
    $221,832
    From this org
    $0
    From related orgs
    $197,537
    Other
    $24,295
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $196,301 related
    Bonus
    $0
    Other
    $0 + $1,236 related
    Deferred
    $0 + $4,000 related
    Nontaxable benefits
    $0 + $20,295 related
    Filer's total
    $0 + $221,832 related

  • Maureen C Donohue

    Trustee

    Total calculated
    $209,782
    From this org
    $0
    From related orgs
    $188,817
    Other
    $20,965
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,817 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,553 related
    Nontaxable benefits
    $0 + $13,412 related
    Filer's total
    $0 + $209,782 related

  • Joseph A Frascino MD

    Chairperson - Trustee

    Total calculated
    $0
    Hours/week
    1

  • Fernando Garip

    Vice Chairperson - Trustee

    Total calculated
    $0
    Hours/week
    1

  • John M Geraghty

    Secretary - Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ted A Carnevale CPA

    Treasurer - Trustee

    Total calculated
    $0
    Hours/week
    1

  • Angelica Berrie

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stephen Borg

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dale A Creamer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James Dowling

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael R Dressler Esq

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sister Susan Francois

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alexandra Garcia-Watts

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Daniel Leber

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Margarette Lee Esq

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Selwyn Levine MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sister Antoinette Moore CSJP

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Paul Baker

    TRUSTEE (TERM 03/31/2023)

    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 DEFERRED COMPENSATION AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN C FOR THE FOLLOWING INDIVIDUAL INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH IS SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THE INDIVIDUAL MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNT OUTLINED HEREIN WAS NOT INCLUDED IN THE INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: RYAN KENNEDY, CPA, $81,006.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2023 WHICH WAS 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.

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.

  • TEANECK REALTY PARTNERS LLC

    INACTIVE · NJ · income $0 · assets $0

    Directly controlled by HNREC

Related corporations and trusts

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

  • HEALTH PARTNER SERVICES INC

    C CORP. · MGMT SERVICES · NJ

    Directly controlled by NA

  • PEACE HEALTH PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HOUSE PHYSICIAN PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HEMATOLOGY ONCOLOGY PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • RIVERSIDE FAMILY PRACTICE PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • RADIATION ONCOLOGY PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • EXCELCARE MEDICAL ASSOCIATES PA

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • BREAST IMAGING PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HOLY NAME CARDIOLOGY ASSOCIATES PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • BREAST CARE PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HOLY NAME PULMONARY ASSOCIATES PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • WOMEN'S CLINIC PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • MULKAY CARDIOLOGY CONSULTANTS AT HNMC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HN PRIMARY CARE & SPECIALTY ASSOC PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • PRIMARY CARE OF ORADELL

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HOLY NAME MEDICAL ASSOCIATES PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HOLY NAME PHYSICIAN PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HOLY NAME ANESTHESIA PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • PAIX TECHNOLOGIES INC

    C CORP. · COMPUTER SVCS. · NJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.1
Source object
202423199349317827

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