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Nonprofiteer
← AUGUSTUS & JAMES CORPORATION

Form 990 for tax year 2023

Filed by AUGUSTUS & JAMES CORPORATION.

Totals

Total revenue
$14,956,375
Total expenses
$11,448,000
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,651,003
Investment income
$91,921
Other revenue
$1,213,451
Total assets, end of year
$15,239,513
Total liabilities, end of year
$94,298,891
Net assets or fund balances, end of year
-$79,059,378
Program services expenses (Part IX)
$11,129,358
Management and general expenses
$318,642
Fundraising expenses
$0
Program service expenses (Part III)
$11,129,358

Program services were 97.2% 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 - 515 WEST 58TH ST

    total $10,371,480 · related or exempt $10,371,480

  • 2b · Program service revenue: RENTAL INCOME - 10 AMSTERDAM AVE

    total $3,279,523 · related or exempt $3,279,523

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $91,921 · excluded $91,921

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: GARAGE INCOME

    total $1,095,566 · excluded $1,095,566

  • 11b · Other revenue: VENDING MACHINES

    total $112,092 · excluded $112,092

  • 11c · Other revenue: MISCELLANEOUS

    total $5,793 · excluded $5,793

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $1,213,451

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $1,358,500 · program services $1,358,500

  • 8 · Pension plan contributions

    total $326,040 · program services $326,040

  • 11a · Fees: management

    total $304,018 · management and general $304,018

  • 11b · Fees: legal

    total $3,648 · program services $3,648

  • 11g · Fees: other

    total $2,516,066 · program services $2,516,066 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $17,119 · program services $17,119

  • 16 · Occupancy

    total $3,210,149 · program services $3,210,149

  • 20 · Interest

    total $2,888,502 · program services $2,888,502

  • 22 · Depreciation, depletion and amortization

    total $788,449 · program services $788,449

  • 23 · Insurance

    total $14,624 · management and general $14,624

  • 24a · Other expenses: MISCELLANEOUS

    total $20,885 · program services $20,885

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,860,593 · end of year $4,616,398

  • 2 · Savings and temporary cash investments

    end of year $91,921

  • 4 · Accounts receivable

    beginning of year $593,579 · end of year $889,316

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $254,478 · end of year $212,238

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

    $34,729,211

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

    $29,796,666

  • 10c · Land, buildings and equipment, net

    beginning of year $5,697,096 · end of year $4,932,545

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $5,121,179 · end of year $4,497,095

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,348,999 · end of year $237,167

  • 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 $96,528,041 · end of year $93,853,545

  • 25 · Other liabilities

    beginning of year $217,638 · end of year $208,179

  • 27 · Net assets without donor restrictions

    beginning of year -$82,567,753 · end of year -$79,059,378

Mission and programs · 2023

Mission

THE CORPORATION PROVIDES SUPPORT SERVICES FOR THE ST. LUKE'S-ROOSEVELT HOSPITAL CENTER AND ITS AFFILIATES THROUGH THE OWNERSHIP OF REAL ESTATE THAT SERVES THE TAX EXEMPT PURPOSES OF THE HOSPITAL CENTER.

Activities or mission (Part I)

PROVIDES SUPPORT FOR ST LUKE'S-ROOSEVELT HOSPITAL CENTER AND ITS AFFILIATES THROUGH THE OWNERSHIP OF REAL ESTATE THAT SERVES THE TAX EXEMPT PURPOSES OF THE HOSPITAL CENTER.

  • TO PROVIDE MODERATE INCOME EMPLOYEES OF ST. LUKE'S ROOSEVELT HOSPITAL CENTER HOUSING TO ENSURE THAT THESE EMPLOYEES ARE IN CLOSE PROXIMITY OF THE HOSPITAL TO SUPPORT ITS PROGRAMS.

    Expenses $11,129,358 · Revenue $13,651,003

As filed on the 2023 return.

Listed in Part VII

  • Margaret Pastuszko

    PRESIDENT/CHAIRMAN

    Total calculated
    $2,493,286
    From this org
    $0
    From related orgs
    $2,423,803
    Other
    $69,483
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,750,000 related
    Bonus
    $0 + $471,625 related
    Other
    $0 + $202,178 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $36,483 related
    Filer's total
    $0 + $2,493,286 related

  • Stephen Harvey

    TRUSTEE/TREASURER

    Total calculated
    $2,107,872
    From this org
    $0
    From related orgs
    $2,026,048
    Other
    $81,824
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,200,000 related
    Bonus
    $0 + $390,775 related
    Other
    $0 + $435,273 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $48,824 related
    Filer's total
    $0 + $2,107,872 related

  • Jeffrey Silberstein

    TRUSTEE

    Total calculated
    $1,518,747
    From this org
    $0
    From related orgs
    $1,484,091
    Other
    $34,656
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,032,000 related
    Bonus
    $0 + $269,500 related
    Other
    $0 + $182,591 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $1,656 related
    Filer's total
    $0 + $1,518,747 related

  • Christopher Considine

    SECRETARY

    Total calculated
    $618,278
    From this org
    $0
    From related orgs
    $557,785
    Other
    $60,493
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,000 related
    Bonus
    $0 + $46,200 related
    Other
    $0 + $11,585 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $34,093 related
    Filer's total
    $0 + $618,278 related

  • Beth Essig

    FORMER OFFICER

    Total calculated
    $1,878,171
    From this org
    $0
    From related orgs
    $1,822,706
    Other
    $55,465
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $1,350,000 related
    Bonus
    $0 + $363,825 related
    Other
    $0 + $108,881 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $22,465 related
    Filer's total
    $0 + $1,878,171 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE FOLLOWING METHODS ARE USED BY A RELATED ORGANIZATION TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Schedule J, Part I PART VII, SECTION A & SCHEDULE J COMPENSATION FOOTNOTES
OFFICERS OF THE BOARD OF TRUSTEES HOURS REFLECT SERVICE TO ALL RELATED ORGANIZATIONS OF MOUNT SINAI HEALTH SYSTEM. OTHER REPORTABLE COMPENSATION FOR OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES AS IDENTIFIED IN THE FORM 990, PART VII, AND LISTED ON SCHEDULE J MAY INCLUDE VARIOUS TYPES OF SUPPLEMENTAL WAGES. (1) COMPENSATION AND BENEFITS ARE FUNDED FROM THE MOUNT SINAI HOSPITAL, ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, BETH ISRAEL MEDICAL CENTER, ST. LUKE'S-ROOSEVELT HOSPITAL CENTER, AND/OR NEW YORK EYE AND EAR INFIRMARY.

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.

Related corporations and trusts

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

  • Manhattan Management Services

    C Corporation · MGMT SERVICES · NY

    Directly controlled by SLR

  • SLR Management Services

    C Corporation · MGMT SERVICES · NY

    Directly controlled by SLR

  • MOUNT SINAI HC VENTURES INC

    C Corporation · HEALTH CARE · NY

    Directly controlled by BIMC HOLDCO

  • MSHS VACCINE COMPANY

    C Corporation · CLINICAL LAB · NY

    Directly controlled by ISMMS

  • KANTARO BIOSCIENCES LLC

    C Corporation · CLINICAL LAB · NY

    Directly controlled by ISMMS

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443179349307744

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