← STOWERS REAL ESTATE HOLDING CORPORATION

Form 990 for tax year 2022

Filed by STOWERS REAL ESTATE HOLDING CORPORATION.

What the amendment changed

Compared with the return it replaced , filed 2 November 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $2,226,136 changed to $1,115,361
Total expenses: $952,152 changed to $532,346
Program service revenue: $2,230,551 changed to $1,115,275
Investment income: -$4,415 changed to $86
Total assets, end of year: $10,889,842 changed to $10,371,421
Total liabilities, end of year: $0 changed to $1,115,410
Net assets or fund balances, end of year: $10,889,842 changed to $9,256,011

Listed under a different title

PENNY M SPENCE: DIRECTOR AS OF 01/01/22 then DIRECTOR

Totals

Total revenue: $1,115,361
Total expenses: $532,346
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $1,115,275
Investment income: $86
Other revenue: $0
Total assets, end of year: $10,371,421
Total liabilities, end of year: $1,115,410
Net assets or fund balances, end of year: $9,256,011
Program services expenses (Part IX): not reported
Management and general expenses: not reported
Fundraising expenses: not reported
Program service expenses (Part III): $0

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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$0
1g · Noncash contributions included above

$0
2a · Program service revenue: RENT FROM RELATED TAX EXEMPT ORG

total $1,115,275 · related or exempt $1,115,275 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $86 · related or exempt $0 · unrelated business $0 · excluded $86
4 · Income from investment of tax-exempt bond proceeds

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

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $0 · other assets $0
7b · Less cost or other basis and sales expenses

securities $0 · other assets $0
7c · Gain or loss

securities $0 · other assets $0
7d · Net gain or loss

total $0 · related or exempt $0 · unrelated business $0
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

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

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 $26,700
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 $58,134
17 · Travel

total $0
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $0
20 · Interest

total $0
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $447,512
23 · Insurance

total $0
24e · All other expenses

total $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $104,943 · end of year $27,260
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 $0 · end of year $6,750
10a · Land, buildings and equipment: cost or other basis

$23,253,888
10b · Land, buildings and equipment: accumulated depreciation

$12,921,144
10c · Land, buildings and equipment, net

beginning of year $10,780,256 · end of year $10,332,744
11 · Investments: publicly traded securities

beginning of year $4,643 · end of year $4,667
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $134
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $1,115,276
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 $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $10,889,842 · end of year $9,256,011
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0
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 $0 · end of year $0

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

STOWERS REAL ESTATE HOLDING CORPORATION'S ("SREHC") EXEMPT PURPOSE IS TO HOLD TITLE TO REAL PROPERTY AND REMIT INCOME LESS CASH RESERVES TO STOWERS RESOURCE MANAGEMENT INC. ("SRM"), ITS EXEMPT PARENT.

PER MISSION DESCRIBED IN FORM 990, PART III, LINE 1, SREHC ACTIVITIES ARE CONSISTENT WITH ITS EXEMPT PURPOSE WITHIN THE MEANING OF CODE SECTION 501(C)(2) TITLE HOLDING COMPANY. SREHC WAS INITIALLY FUNDED BY ITS TAX EXEMPT PARENT, SRM. DURING 2009, SREHC COMPLETED BUILDING RENOVATIONS ON PROPERTY RECEIVED AS A CONTRIBUTION IN 2008. THE RENOVATIONS MADE THE PROPERTY MORE SUITABLE FOR USE BY RELATED PARTIES. SREHC MAY LEASE REAL PROPERTY TO SRM AT COST OR FOR A NOMINAL AMOUNT OR LEASE PROPERTY AT COST TO TAX EXEMPT ORGANIZATIONS THAT ARE SUPPORTED BY SRM OR LEASE PROPERTY TO OTHER RELATED TAX EXEMPT ORGANIZATIONS AND FOR-PROFIT ORGANIZATIONS THAT ARE WHOLLY-OWNED BY RELATED TAX EXEMPT ORGANIZATIONS. SREHC MAY ALSO LEASE REAL PROPERTY TO UNRELATED PARTIES AT FAIR MARKET VALUE. IN 2009, SREHC EXECUTED A LEASE FOR USE OF THE PROPERTY TO STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR"); SIMR IS A RELATED TAX EXEMPT ORGANIZATION THAT IS SUPPORTED BY SRM. SREHC HAD NO OTHER LEASE AGREEMENTS IN PLACE AS OF 6/30/23.

As filed on the 2022 return.

Listed in Part VII

CHARLES GERMAN

DIRECTOR/SECRETARY

Total calculated

$0

Hours/week

1 + 48 related
RICHARD W BROWN

DIRECTOR/PRESIDENT

Total calculated

$0

Hours/week

1 + 48 related
DAVID A WELTE

DIRECTOR

Total calculated

$0

Hours/week

1 + 8 related
PENNY M SPENCE

DIRECTOR

Total calculated

$0

Hours/week

1 + 50 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.

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.

STOWERS RESOURCE MANAGEMENT

501(c)(3) · SUPPORT ORG · DE · controlled entity

Directly controlled by SIMR
STOWERS INSTITUTE FOR MEDICAL RESEARCH

501(c)(3) · MED RESEARCH · DE

Directly controlled by NA
STOWERS SCIENTIFIC EDUCATION INSTITUTE

501(c)(3) · SUPPORT ORG · DE · controlled entity

Directly controlled by SIMR
STOWERS POLICY INSTITUTE

501(c)(4) · SEE PART VII · DE

Directly controlled by SIMR
BIOMED VALLEY CORPORATION

501(c)(3) · SUPPORT ORG · DE · controlled entity

Directly controlled by SIMR
THE GRADUATE SCHOOL OF SIMR

501(c)(3) · EDUCATION · MO · controlled entity

Directly controlled by SIMR
STOWERS INVESTMENT HOLDING CORPORATION

501(c)(2) · TITLE HOLDING · DE

Directly controlled by SRM SPI

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.

Related corporations and trusts

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

BIOMED VALLEY DISCOVERIES INC

C Corporation · SEE PART VII · DE · controlled entity

Directly controlled by BVC

Provenance

Return type: form_990
Tax year: 2022
Filed: 26 April 2024
IRS schema version: 2022v5.0
Source object: 202411179349300501

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