Form 990 for tax year 2023
Filed by CHESAPEAKE REGIONAL MEDICAL GROUP.
Totals
- Total revenue
- $19,995,730
- Total expenses
- $40,019,451
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $19,049,600
- Investment income
- $0
- Other revenue
- $946,130
- Total assets, end of year
- $10,349,651
- Total liabilities, end of year
- $124,419,984
- Net assets or fund balances, end of year
- -$114,070,333
- Program services expenses (Part IX)
- $35,726,175
- Management and general expenses
- $4,293,276
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $35,726,175
Program services were 89.3% 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: CRMG REVENUE
total $41,810,053 · related or exempt $41,810,053
-
2b · Program service revenue: CONTRACTUAL ADJUSTMENT
total -$22,620,281 · related or exempt -$22,620,281
-
2c · Program service revenue: BAD DEBT
total -$675,612 · related or exempt -$675,612
-
2d · Program service revenue: CHARITY
total $535,440 · related or exempt $535,440
-
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
-
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: OTHER OPERATING INCOME
total $946,130 · related or exempt $946,130
-
11e · Other revenue, total
$946,130
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 $28,853,358 · program services $27,305,536 · management and general $1,547,822
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $4,199,457 · program services $3,627,514 · management and general $571,943
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $3,416 · program services $3,416
-
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 $1,303,326 · program services $1,303,049 · management and general $277 · fundraising $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $194,174 · program services $188,072 · management and general $6,102
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $292,003 · program services $283,243 · management and general $8,760
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,534,991 · program services $1,488,941 · management and general $46,050
-
23 · Insurance
total $360,394 · program services $295,171 · management and general $65,223
-
24a · Other expenses: OUTSIDE PURCHASED SERVICES
total $2,319,569 · program services $272,841 · management and general $2,046,728
-
24b · Other expenses: SUPPLIES
total $603,648 · program services $603,648
-
24c · Other expenses: MAINTENANCE & SVC CONTRACTS
total $220,998 · program services $220,947 · management and general $51
-
24d · Other expenses: UTILITIES
total $134,117 · program services $133,797 · management and general $320
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,325,191 · end of year $560,103
-
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 $1,947,485 · end of year $2,597,223
-
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 $168 · end of year $2,668
-
9 · Prepaid expenses and deferred charges
beginning of year $89,981 · end of year $260,722
-
10a · Land, buildings and equipment: cost or other basis
$6,281,787
-
10b · Land, buildings and equipment: accumulated depreciation
$3,892,362
-
10c · Land, buildings and equipment, net
beginning of year $2,370,126 · end of year $2,389,425
-
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 $223,946 · end of year $291,946
-
15 · Other assets
beginning of year $5,286,643 · end of year $4,247,564
-
17 · Accounts payable and accrued expenses
beginning of year $249,376 · end of year $495,123
-
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 $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 $105,039,595 · end of year $123,924,861
-
27 · Net assets without donor restrictions
beginning of year -$94,045,431 · end of year -$114,070,333
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
THE MISSION OF CHESAPEAKE REGIONAL MEDICAL GROUP IS TO ATTRACT HARD-TO-FIND PHYSICIANS TO THE CHESAPEAKE, VIRGINIA AREA AND RETAIN THEM WITH PRACTICE ADMINISTRATION ASSISTANCE.
-
PROVIDE PHYSICIAN SERVICES TO CHESAPEAKE, VIRGINIA AREA.
Expenses $35,726,175 · Revenue $19,995,730
As filed on the 2023 return.
Listed in Part VII
-
Mary In-Ping Huang CobbMARY IN-PING HUANG COBB
PHYSICIAN
- Total calculated
- $1,129,044
- From this org
- $972,956
- From related orgs
- $156,088
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $650,075 + $156,088 related
- Bonus
- $322,881
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $972,956 + $156,088 related
-
Reese JacksonREESE JACKSON
CEO & PRESIDENT
- Total calculated
- $969,371
- From this org
- $0
- From related orgs
- $916,571
- Other
- $52,800
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $796,643 related
- Bonus
- $0 + $119,928 related
- Other
- $0
- Deferred
- $0 + $52,800 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $969,371 related
-
Adam J MeyersADAM J MEYERS
PHYSICIAN
- Total calculated
- $912,472
- From this org
- $871,097
- From related orgs
- $41,375
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $430,000 + $41,375 related
- Bonus
- $441,097
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $871,097 + $41,375 related
-
Bernardo J OrdonezBERNARDO J ORDONEZ
PHYSICIAN
- Total calculated
- $866,911
- From this org
- $850,911
- From related orgs
- $16,000
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $549,500 + $16,000 related
- Bonus
- $301,411
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $850,911 + $16,000 related
-
Aarti S DesaiAARTI S DESAI
PHYSICIAN
- Total calculated
- $699,376
- From this org
- $587,800
- From related orgs
- $111,576
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $325,075 + $111,576 related
- Bonus
- $262,725
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $587,800 + $111,576 related
-
Ashesh N BuchASHESH N BUCH
PHYSICIAN
- Total calculated
- $628,192
- From this org
- $603,942
- From related orgs
- $24,250
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $557,692 + $24,250 related
- Bonus
- $46,250
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $603,942 + $24,250 related
-
Steve McDonnellSTEVE MCDONNELL
CHIEF FINANCIAL OFFICER
- Total calculated
- $558,780
- From this org
- $0
- From related orgs
- $505,980
- Other
- $52,800
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $441,291 related
- Bonus
- $0 + $64,689 related
- Other
- $0
- Deferred
- $0 + $52,800 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $558,780 related
-
Angela Ferebee MDANGELA FEREBEE MD
CHAIR
- Total calculated
- $12,500
- From this org
- $0
- From related orgs
- $12,500
- Other
- $0
- Hours/week
- 2 + 6 related
-
John MaxwellJOHN MAXWELL
SECRETARY/TREASURER
- Total calculated
- $12,500
- From this org
- $0
- From related orgs
- $12,500
- Other
- $0
- Hours/week
- 2 + 6 related
-
Dee GilmoreDEE GILMORE
VICE CHAIR
- Total calculated
- $11,500
- From this org
- $0
- From related orgs
- $11,500
- Other
- $0
- Hours/week
- 2 + 6 related
-
Kristi WootenKRISTI WOOTEN
CHAIR (THRU 9/24)
- Total calculated
- $0
- Hours/week
- 2 + 6 related
-
Robert SchnarrsROBERT SCHNARRS
VICE CHAIR (THRU 4/25)
- Total calculated
- $0
- Hours/week
- 2 + 6 related
-
Baxter EnnisBAXTER ENNIS
SECRETARY (THRU 12/31)
- Total calculated
- $0
- Hours/week
- 2 + 6 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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 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
- 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)
- FORM 990, SCHEDULE J, PART I, LINE 7:
- THE OFFICERS HAVE AN INCENTIVE PLAN BASED ON SEVERAL PERFORMANCE FACTORS THAT PROVIDES THEM WITH ADDITIONAL COMPENSATION ABOVE THEIR BASE SALARY. SOME PHYSICIANS WHICH ARE HIGHLY COMPENSATED EMPLOYEES ARE ELIGIBLE FOR PRODUCTIVITY BONUSES BASED ON THEIR WORK RVU PRODUCTION.
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.
-
CHESAPEAKE GENERAL HOSPITAL DBA CRMC
See Pt. VII · HOSPITAL · VA
Directly controlled by NA
-
501(C)(3) · HOSPITAL FUND · VA
Directly controlled by CHA
-
CHESAPEAKE GENERAL HOSPITAL HEALTHCARE
501(C)(3) · FUNDRAISING · VA
Directly controlled by CHA
-
501(C)(3) · HEALTHCARE · VA
Directly controlled by CHA
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.
-
CGH HOLDING COMPANY & SUBSIDIARIES
C CORP · TAXABLE JT VE · VA · share of income $0 · share of assets $0
Directly controlled by CHA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531359349312868
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