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Nonprofiteer
← CHC REALTY II INC

Form 990 for tax year 2024

Filed by CHC REALTY II INC.

Totals

Total revenue
$10,847,109
Total expenses
$2,328,102
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,039,159
Investment income
$0
Other revenue
$9,807,950
Total assets, end of year
$46,103,050
Total liabilities, end of year
$23,201,902
Net assets or fund balances, end of year
$22,901,148
Program services expenses (Part IX)
$2,308,936
Management and general expenses
$19,166
Fundraising expenses
$0
Program service expenses (Part III)
$2,308,936

Program services were 99.2% 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

    total $1,039,159 · related or exempt $1,039,159

  • 11a · Other revenue: GAIN ON THE EXTINGUISHMENT OF DEB

    total $9,807,950 · excluded $9,807,950

  • 11e · Other revenue, total

    $9,807,950

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $10,166 · management and general $10,166

  • 13 · Office expenses

    total $9,000 · management and general $9,000

  • 20 · Interest

    total $801,099 · program services $801,099

  • 22 · Depreciation, depletion and amortization

    total $1,507,837 · program services $1,507,837

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $447,049 · end of year $377,340

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

    $53,485,005

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

    $10,485,371

  • 10c · Land, buildings and equipment, net

    beginning of year $44,507,471 · end of year $42,999,634

  • 15 · Other assets

    beginning of year $3,363,036 · end of year $2,726,076

  • 17 · Accounts payable and accrued expenses

    beginning of year $100,114 · end of year $91,335

  • 23 · Secured mortgages and notes payable

    beginning of year $32,707,299 · end of year $21,982,565

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,128,002

  • 27 · Net assets without donor restrictions

    beginning of year $15,510,143 · end of year $22,901,148

Mission and programs · 2024

Mission

CHC REALTY II, INC. IS ORGANIZED AND OPERATED FOR THE EXCLUSIVE BENEFIT OF COMMUNITY HEALTH CENTER, INC. ("CHC"). CHC'S CHARITABLE PURPOSES ARE TO PROVIDE AFFORDABLE COMPREHENSIVE HEALTH AND SOCIAL SERVICES, PARTICULARLY TO PERSONS UNABLE TO OBTAIN SUCH SERVICES, TO PROMOTE PUBLIC HEALTH INFORMATION AND EDUCATION, TO INFORM THE COMMUNITY AT LARGE OF THE HEALTH PROBLEMS IN DISADVANTAGED SEGMENTS OF THE COMMUNITY AND TO ENCOURAGE COMMUNITY SUPPORT TO SOLVE THOSE PROBLEMS, AND TO RECEIVE, ADMINISTER AND DISTRIBUTE FUNDS IN CONNECTION WITH ANY ACTIVITIES RELATED TO THE ABOVE PURPOSES.

Activities or mission (Part I)

CARRYING OUT THE PURPOSES OF COMMUNITY HEALTH CENTER, INC. ("CHC") (SEE SCHEDULE O) CHC REALTY II, INC. IS ORGANIZED AND OPERATED FOR THE EXCLUSIVE BENEFIT OF COMMUNITY HEALTH CENTER, INC. ("CHC"). CHC'S CHARITABLE PURPOSES ARE TO PROVIDE AFFORDABLE COMPREHENSIVE HEALTH AND SOCIAL SERVICES PARTICULARLY TO PERSONS FINANCIALLY UNABLE TO OBTAIN SUCH SERVICES, TO PROMOTE PUBLIC HEALTH INFORMATION AND EDUCATION, TO INFORM THE COMMUNITY AT LARGE OF THE HEALTH PROBLEMS IN DISADVANTAGED SEGMENTS OF THE COMMUNITY AND TO ENCOURAGE COMMUNITY SUPPORT TO SOLVE THOSE PROBLEMS, AND TO RECEIVE, ADMINISTER AND DISTRIBUTE FUNDS IN CONNECTION WITH ANY ACTIVITIES RELATED TO THE ABOVE PURPOSES.

  • TO PROVIDE FACILITIES TO AND FOR THE USE OF COMMUNITY HEALTH CENTER, INC., A RELATED 501 (C) (3).

    Expenses $2,308,936 · Revenue $1,039,159

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Masselli

    PRESIDENT/CEO

    Total calculated
    $944,454
    From this org
    $0
    From related orgs
    $882,389
    Other
    $62,065
    Hours/week
    2 + 52.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $691,281 related
    Bonus
    $0 + $162,101 related
    Other
    $0 + $29,007 related
    Deferred
    $0 + $27,600 related
    Nontaxable benefits
    $0 + $34,465 related
    Filer's total
    $0 + $944,454 related

  • Thomas Ford

    SECRETARY - UNTIL 09/24

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Jason Pniewski

    TREASURER

    Total calculated
    $351,415
    From this org
    $0
    From related orgs
    $305,704
    Other
    $45,711
    Hours/week
    2 + 52.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,454 related
    Bonus
    $0
    Other
    $0 + $11,250 related
    Deferred
    $0 + $22,941 related
    Nontaxable benefits
    $0 + $22,770 related
    Filer's total
    $0 + $351,415 related

  • Mark Bonney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 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 PAYS THE CEO USING THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY/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
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202601349349311475

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