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Nonprofiteer
← HEALTH SERVICES MANAGEMENT INC

Form 990 for tax year 2024

Filed by HEALTH SERVICES MANAGEMENT INC.

Totals

Total revenue
$121,311,118
Total expenses
$111,569,768
Contributions and grants received
$12,393
Grants paid
$0
Program service revenue
$102,017,043
Investment income
$13,650,873
Other revenue
$5,630,809
Total assets, end of year
$159,018,685
Total liabilities, end of year
$94,768,344
Net assets or fund balances, end of year
$64,250,341
Program services expenses (Part IX)
$102,030,473
Management and general expenses
$9,539,295
Fundraising expenses
$0
Program service expenses (Part III)
$102,030,473

Program services were 91.4% 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.

  • 1e · Government grants (contributions)

    $475

  • 1f · All other contributions, gifts and grants

    $11,918

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $96,527,857 · related or exempt $96,527,857

  • 2b · Program service revenue: MANAGEMENT FEE REVENUE

    total $5,435,144 · related or exempt $5,435,144

  • 2c · Program service revenue: CABLE & PHONE REVENUE

    total $13,553 · related or exempt $13,553

  • 2d · Program service revenue: CAFETERIA & VENDING REVENUE

    total $40,489 · related or exempt $40,489

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $211,081 · excluded $211,081

  • 6a · Gross rents

    real property $5,616,487

  • 6c · Rental income or loss

    real property $5,616,487 · personal property $0

  • 6d · Net rental income or loss

    total $5,616,487 · related or exempt $5,616,487

  • 7a · Gross sales of assets other than inventory

    securities $2,425,260 · other assets $11,667,224

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

    securities $188,883 · other assets $463,809

  • 7c · Gain or loss

    securities $2,236,377 · other assets $11,203,415

  • 7d · Net gain or loss

    total $13,439,792 · excluded $13,439,792

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER REVENUE

    total $14,322 · related or exempt $14,322

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $14,322

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $4,210,772 · program services $892,334 · management and general $3,318,438

  • 7 · Other salaries and wages

    total $43,862,006 · program services $43,719,204 · management and general $142,802

  • 8 · Pension plan contributions

    total $87,580 · program services $87,580

  • 9 · Other employee benefits

    total $2,186,093 · program services $2,149,586 · management and general $36,507

  • 10 · Payroll taxes

    total $3,456,826 · program services $3,301,552 · management and general $155,274

  • 11b · Fees: legal

    total $722,481 · management and general $722,481

  • 11c · Fees: accounting

    total $229,447 · management and general $229,447

  • 11g · Fees: other

    total $13,857,675 · program services $13,300,934 · management and general $556,741 · fundraising $0

  • 12 · Advertising and promotion

    total $752,614 · program services $263,371 · management and general $489,243

  • 13 · Office expenses

    total $1,021,329 · program services $571,732 · management and general $449,597

  • 14 · Information technology

    total $1,122,915 · program services $199,772 · management and general $923,143

  • 16 · Occupancy

    total $13,534,286 · program services $13,253,339 · management and general $280,947

  • 17 · Travel

    total $150,551 · program services $75,518 · management and general $75,033

  • 19 · Conferences, conventions and meetings

    total $363,173 · program services $201,099 · management and general $162,074

  • 20 · Interest

    total $898,446 · program services $847,528 · management and general $50,918

  • 22 · Depreciation, depletion and amortization

    total $3,753,393 · program services $3,512,289 · management and general $241,104

  • 23 · Insurance

    total $4,303,548 · program services $4,153,961 · management and general $149,587

  • 24a · Other expenses: TAXES

    total $5,509,555 · program services $4,358,058 · management and general $1,151,497

  • 24b · Other expenses: SUPPLIES AND EQUIPMENT

    total $3,421,189 · program services $3,323,483 · management and general $97,706

  • 24c · Other expenses: FOOD

    total $2,986,073 · program services $2,986,073 · management and general $0

  • 24d · Other expenses: PHARMACEUTICAL DRUGS

    total $2,759,664 · program services $2,759,664 · management and general $0

  • 24e · All other expenses

    total $2,380,152 · program services $2,073,396 · management and general $306,756 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,151,572 · end of year $6,400,745

  • 2 · Savings and temporary cash investments

    beginning of year $7,829,998 · end of year $15,956,073

  • 4 · Accounts receivable

    beginning of year $9,823,534 · end of year $10,806,625

  • 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 $1,638,435 · end of year $13,102,751

  • 8 · Inventories for sale or use

    beginning of year $426,752 · end of year $336,320

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,608,546 · end of year $1,383,552

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

    $96,835,118

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

    $49,351,459

  • 10c · Land, buildings and equipment, net

    beginning of year $61,932,949 · end of year $47,483,659

  • 12 · Investments: other securities

    beginning of year $563,239 · end of year $715,354

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $66,563,473 · end of year $62,833,606

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,032,048 · end of year $6,078,129

  • 21 · Escrow or custodial account liability

    beginning of year $425,273 · end of year $278,536

  • 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 $35,551,009 · end of year $34,014,554

  • 25 · Other liabilities

    beginning of year $62,378,149 · end of year $54,397,125

  • 27 · Net assets without donor restrictions

    beginning of year $51,152,019 · end of year $64,250,341

Mission and programs · 2024

Mission

TO PROVIDE CARE FOR INDIGENT AND ELDERLY INDIVIDUALS IN NURSING HOMES AND ASSISTED LIVING FACILITIES.

  • TO PROVIDE CARE FOR INDIGENT AND ELDERLY INDIVIDUALS IN NURSING HOMES AND ASSISTED LIVING FACILITIES IN INDIANA, TENNESSEE, TEXAS, AND FLORIDA.

    Expenses $102,030,473 · Revenue $107,647,852

As filed on the 2024 return.

Listed in Part VII

  • Jim Shatz

    CEO

    Total calculated
    $649,418
    From this org
    $649,418
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $589,168
    Bonus
    $0
    Other
    $60,250
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $649,418

  • Scott Fisher

    CFO

    Total calculated
    $649,418
    From this org
    $649,418
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $589,168
    Bonus
    $0
    Other
    $60,250
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $649,418

  • Randy Shuck

    CHAIRMAN, DIRECTOR

    Total calculated
    $100,500
    From this org
    $100,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Robert Conroy

    DIRECTOR

    Total calculated
    $100,500
    From this org
    $100,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Timothy Priddy

    DIRECTOR

    Total calculated
    $97,000
    From this org
    $97,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Anita Mamone

    CHIEF LEGAL & GOVERNANCE OFFICER

    Total calculated
    $285,164
    From this org
    $285,164
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,164
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $285,164

  • Brian Jackson

    CHIEF QUALITY & RISK OFFICER

    Total calculated
    $377,143
    From this org
    $377,143
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $344,893
    Bonus
    $0
    Other
    $32,250
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $377,143

  • Josh White

    COO

    Total calculated
    $441,133
    From this org
    $441,133
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $408,883
    Bonus
    $0
    Other
    $32,250
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $441,133

  • Samantha Allen

    CHIEF NURSING OFFICER

    Total calculated
    $273,915
    From this org
    $273,915
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,915
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $273,915

  • Clint Wells

    VP, REVENUE CYCLE MANAGEMENT

    Total calculated
    $253,282
    From this org
    $253,282
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,282
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $253,282

  • Jerald Erlandson

    DIRECTOR OF CLIENT SERVICES

    Total calculated
    $236,487
    From this org
    $236,487
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,487
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $236,487

  • Kevin Baxter

    VP OF OPERATIONS

    Total calculated
    $275,367
    From this org
    $275,367
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,367
    Bonus
    $0
    Other
    $18,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $275,367

  • Mark Richardson

    CORPORATE DIRECTOR OF COMPLIANCE & A

    Total calculated
    $197,308
    From this org
    $197,308
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,308
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $197,308

  • Shelby Jackson

    ADMINISTRATOR

    Total calculated
    $201,637
    From this org
    $201,637
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,637
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $201,637

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

  • 1a · Travel for companions
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

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
  • 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, Line 1a Travel for companions
During the HSM Annual Conference in April, travel and lodging is provided to the spouse of attendees.
Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization
THE 2024 PLAN INCLUDES AN INCENTIVE PAYMENT TO ADMINISTRATORS, DON, SOCIAL SERVICES, ADMISSIONS DIRECTOR, AND DIETARY FOR CATEGORIES INCLUDING MEDICARE CENSUS, SUPER BONUS, CUSTOMER SATISFACTION SURVEY, TURNOVER, LABOR BUDGET, FOOD BUDGET AND INFECTION CONTROL METRICS.
Schedule J, Part I, Line 7 Non-fixed payments
THE 2024 PLAN INCLUDES AN INCENTIVE PAYMENT TO THE CENTER ADMISSIONS BEDS FROM THE CENTER'S BUDGET) AND FOR MEDICARE PLUS MANAGED CARE CENSUS LEVELS (BASED ON AVERAGE PER PATIENT DAY)

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.

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.

  • AYERS HEALTH & REHABILITATION CENTER LLC

    NURSING CENTER · FL · income $13,025,325 · assets $16,000,856

    Directly controlled by NA

  • BEAR CREEK NURSING CENTER LLC

    NURSING CENTER · FL · income $11,855,901 · assets $9,098,456

    Directly controlled by NA

  • BROOKSVILLE HEALTH CARE CENTER LLC

    NURSING CENTER · FL · income $15,564,536 · assets $7,059,109

    Directly controlled by NA

  • CYPRESS COVE CARE CENTER LLC

    NURSING CENTER · FL · income $13,344,180 · assets $9,369,317

    Directly controlled by NA

  • HEATHER HILL NURSING CENTER LLC

    NURSING CENTER · FL · income $10,017,181 · assets $5,171,479

    Directly controlled by NA

  • ROYAL OAK NURSING CENTER LLC

    NURSING CENTER · FL · income $13,544,042 · assets $12,058,858

    Directly controlled by NA

  • HEALTH SERVICES MGMT OF FLORIDA

    ADMINISTRATIVE OPERATIONS FOR FL NURSING CENTERS · FL · income $6,363,476 · assets $7,344,748

    Directly controlled by NA

  • HSMTXSTALLONES-TOMBALL LLC

    NURSING CENTER · TX · income $2,632,910 · assets $464,594

    Directly controlled by NA

  • BROWNSBURG HEALTH CARE CENTER LLC

    NURSING CENTER · IN · income $229,740 · assets $701,588

    Directly controlled by NA

  • HSMTXJANISCH-HOUSTON LLC

    NURSING CENTER · TX · income $5,945,086 · assets $905,760

    Directly controlled by NA

  • HSMTXRICHMOND LLC

    NURSING CENTER · TX · income $4,504,076 · assets -$4,544,457

    Directly controlled by NA

  • HSMTXCONROE LLC

    NURSING CENTER · TX · income $7,734,370 · assets $536,657

    Directly controlled by NA

  • HSMTXFRIENDSWOOD LLC

    NURSING CENTER · TX · income $0 · assets -$1,221,095

    Directly controlled by NA

  • HSMTXHUNTSVILLE LLC

    NURSING CENTER · TX · income $5,096,794 · assets -$900,191

    Directly controlled by NA

  • HSMTXCLEVELAND LLC

    NURSING CENTER · TX · income $7,039,461 · assets $3,913,040

    Directly controlled by NA

  • HSMTXBEAUMONT LLC

    NURSING CENTER · TX · income $3,345,825 · assets $2,161,995

    Directly controlled by NA

  • HSMTXLINDBERGH-BEAUMONT LLC

    NURSING CENTER · TX · income $5,457,834 · assets $2,483,394

    Directly controlled by NA

  • HSMTXLAWRENCE TOMBALL LLC

    NURSING CENTER · TX · income $5,643,084 · assets -$3,855,332

    Directly controlled by NA

  • HSMTXSUGAR LAND LLC

    NURSING CENTER · TX · income $9,817,986 · assets $4,634,460

    Directly controlled by NA

  • HSMTXLIBERTY LLC

    NURSING CENTER · TX · income $6,275,135 · assets $1,147,626

    Directly controlled by NA

  • HEALTH SERVICES MGMT OF TEXAS LLC

    ADMINISTRATIVE OPERATIONS FOR TX NURSING CENTERS · TX · income $1,488,935 · assets $7,341,098

    Directly controlled by NA

  • CASTLETON HEALTH CARE CENTER LLC

    NURSING CENTER · IN · income $641,451 · assets $509,828

    Directly controlled by NA

  • HSM FINANCIAL SERVICES LLC

    FINANCIAL SERVICES FOR ALL CONSOLIDATING ENTITIES · TN · income $2,082,180 · assets $45,872,371

    Directly controlled by NA

  • RICHMOND REALTY LLC

    HOLDS REAL ESTATE FOR NURSING FACILITY · TX · income $485,915 · assets $2,531,847

    Directly controlled by NA

  • SUGAR LAND REALTY LLC

    HOLDS REAL ESTATE FOR NURSING FACILITY · TX · income $837,133 · assets $5,205,373

    Directly controlled by NA

  • FRIENDSWOOD REALTY LLC

    HOLDS REAL ESTATE FOR NURSING FACILITY · TX · income $0 · assets $2,515,549

    Directly controlled by NA

  • LINDBERGH-BEAUMONT REALTY LLC

    HOLDS REAL ESTATE FOR NURSING FACILITY · TX · income $363,988 · assets $2,695,853

    Directly controlled by NA

  • CLEVELAND REALTY LLC

    HOLDS REAL ESTATE FOR NURSING FACILITY · TX · income $567,591 · assets $2,172,409

    Directly controlled by NA

  • JANISCH-HOUSTON REALTY LLC

    HOLDS REAL ESTATE FOR NURSING FACILITY · TX · income $348,245 · assets $3,159,858

    Directly controlled by NA

  • HUNTSVILLE REALTY LLC

    HOLDS REAL ESTATE FOR NURSING FACILITY · TX · income $321,219 · assets $2,152,758

    Directly controlled by NA

  • LIBERTY REALTY LLC

    HOLDS REAL ESTATE FOR NURSING FACILITY · TX · income $509,013 · assets $3,982,211

    Directly controlled by NA

  • LAWENCE-TOMBALL REALTY LLC

    HOLDS REAL ESTATE FOR NURSING FACILITY · TX · income $678,311 · assets $5,548,276

    Directly controlled by NA

  • CONROE REALTY LLC

    HOLDS REAL ESTATE FOR NURSING FACILITY · TX · income $619,931 · assets $4,188,543

    Directly controlled by NA

  • HSMTXMASTER TENANT LLC

    REAL ESTATE PASS THROUGH ENTITY · TX · income $0 · assets -$13,827

    Directly controlled by NA

  • PLAINFIELD HEALTH CENTER LLC

    NURSING CENTER · IN · income $486,236 · assets $1,075,819

    Directly controlled by NA

  • HSM REALTY LLC

    REAL ESTATE ENTITY · TN · income $0 · assets -$1,142,036

    Directly controlled by NA

  • HSMTNTHE LODGE OPERATING COMPANY LLC

    ASSISTED LIVING CENTER · TN · income $3,268,006 · assets -$1,700,071

    Directly controlled by NA

  • HSMTNTHE LODGE AT NACHEZ TRACE

    HOLDS REAL ESTATE FOR NURSING FACILITY · TN · income $798,096 · assets $11,782,203

    Directly controlled by NA

  • HSM PHARMACY SERVICES LLC

    PHARMACY JOINT VENTURE · TN · income $608,115 · assets $3,997,749

    Directly controlled by NA

  • HEALTH SERVICES MANAGEMENT OF TENNESSEE LLC

    PAYROLL LEASING COMPANY · TN · income $0 · assets $0

    Directly controlled by NA

  • HSMINHEALTH SERVICES MANAGEMENT OF INDIANA LLC

    ADMINISTRATIVE OPERATIONS FOR IN NURSING CENTERS · IN · income $41,682 · assets $1,747,628

    Directly controlled by NA

  • HSM TRANSPORTATION LLC

    HOLD TRANSPORTATION ASSETS · TN · income $0 · assets -$331,476

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.1
Source object
202513169349301541

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