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Nonprofiteer
← WOOD COUNTY MEDICAL BUILDING INC

Form 990 for tax year 2022

Filed by WOOD COUNTY MEDICAL BUILDING INC.

Totals

Total revenue
$1,104,352
Total expenses
$1,187,782
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,103,367
Investment income
$0
Other revenue
$985
Total assets, end of year
-$82,405
Total liabilities, end of year
$0
Net assets or fund balances, end of year
-$82,405
Program services expenses (Part IX)
$1,187,782
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,187,782

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: OFFICE RENT

    total $1,103,367 · related or exempt $1,103,367

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $985 · related or exempt $985

  • 11e · Other revenue, total

    $985

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $616 · program services $616

  • 16 · Occupancy

    total $1,187,166 · program services $1,187,166

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,025 · end of year -$82,405

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,025 · end of year -$82,405

Mission and programs · 2022

Mission

TO PROVIDE MEDICAL OFFICES TO APPROXIMATELY 65 PHYSICIANS WHO PROVIDE A WIDE VARIETY OF MEDICAL SERVICES TO THE GENERAL PUBLIC.

Activities or mission (Part I)

TO PROVIDE MEDICAL OFFICE SPACE FOR PHYSICIANS WHO PROVIDE A WIDE VARIETY OF MEDICAL SERVICES TO THE GENERAL PUBLIC

  • RENT CHARGED TO PHYSICIAN TENANTS IS BASED UPON PREVAILING RATES IN THE AREA. TOTAL EXPENSES RELATES TO DIRECT COSTS OF OPERATING THE BUILDING AND KEEPING IT APPROPRIATELY MAINTAINED FOR USE AS MEDICAL OFFICES.

    Expenses $1,187,782 · Revenue $1,104,352

As filed on the 2022 return.

Listed in Part VII

  • Michael Lemon MD

    PRESIDENT

    Total calculated
    $330,180
    From this org
    $0
    From related orgs
    $302,681
    Other
    $27,499
    Hours/week
    0.3

    Schedule J breakdown matched by us

    Base
    $0 + $282,014 related
    Bonus
    $0
    Other
    $0 + $20,667 related
    Deferred
    $0 + $27,499 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $330,180 related

  • Carlos Gomez MD

    BOARD MEMBER

    Total calculated
    $756,071
    From this org
    $0
    From related orgs
    $728,673
    Other
    $27,398
    Hours/week
    0.3

    Schedule J breakdown matched by us

    Base
    $0 + $708,006 related
    Bonus
    $0
    Other
    $0 + $20,667 related
    Deferred
    $0 + $27,398 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $756,071 related

  • George Hebeka DDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Stanley Korducki

    VICE PRESIDENT

    Total calculated
    $431,859
    From this org
    $0
    From related orgs
    $392,310
    Other
    $39,549
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $371,643 related
    Bonus
    $0
    Other
    $0 + $20,667 related
    Deferred
    $0 + $27,799 related
    Nontaxable benefits
    $0 + $11,750 related
    Filer's total
    $0 + $431,859 related

  • Karol Bortel

    SECRETARY/TREASURER

    Total calculated
    $177,834
    From this org
    $0
    From related orgs
    $176,741
    Other
    $1,093
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,074 related
    Bonus
    $0
    Other
    $0 + $20,667 related
    Deferred
    $0 + $1,093 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $177,834 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
A RELATED ORGANIZATION, WOOD COUNTY HOSPITAL ASSOCIATION, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR 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

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
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349311263

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