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← PARKVIEW COMMUNITY HOSPITAL MEDICAL CENTER A NONPROFIT PUBLIC BENEFIT CORP

Form 990 for tax year 2023

Filed by PARKVIEW COMMUNITY HOSPITAL MEDICAL CENTER A NONPROFIT PUBLIC BENEFIT CORP.

Totals

Total revenue
$546,236
Total expenses
$1,772,787
Contributions and grants received
$0
Grants paid
$500,000
Program service revenue
$0
Investment income
$546,236
Other revenue
$0
Total assets, end of year
$26,734,489
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$26,734,489
Program services expenses (Part IX)
$500,000
Management and general expenses
$1,272,787
Fundraising expenses
$0
Program service expenses (Part III)
$500,000

Program services were 28.2% 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.

  • 3 · Investment income

    total $674,748 · excluded $674,748

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

    securities $128,512

  • 7c · Gain or loss

    securities -$128,512

  • 7d · Net gain or loss

    total -$128,512 · excluded -$128,512

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 11b · Fees: legal

    total $283,243 · management and general $283,243

  • 11c · Fees: accounting

    total $51,700 · management and general $51,700

  • 11f · Fees: investment management

    total $81,658 · management and general $81,658

  • 11g · Fees: other

    total $110,000 · management and general $110,000

  • 13 · Office expenses

    total $3,375 · management and general $3,375

  • 24a · Other expenses: LEGAL SETTLEMENTS

    total $742,811 · management and general $742,811

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,243 · end of year $168,712

  • 2 · Savings and temporary cash investments

    beginning of year $7,921,639 · end of year $3,896,047

  • 11 · Investments: publicly traded securities

    beginning of year $18,537,668 · end of year $22,669,730

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,000

  • 25 · Other liabilities

    beginning of year $7,650,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $18,762,550 · end of year $26,734,489

Mission and programs · 2023

Mission

THE PURPOSES OF THIS CORPORATION ARE TO RECEIVE FUNDS OF REAL AND/OR PERSONAL PROPERTY AND TO USE AND APPLY THE WHOLE OR ANY PART OF THE INCOME THEREFROM AND THE PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES OR ACTIVITIES ASSOCIATED WITH THIS GOAL AS ALLOWED BY LAW.

  • PARKVIEW COMMUNITY HOSPITAL MEDICAL CENTER OPERATIONS WERE SOLD TO AHMC HEALTHCARE INC. ALL OPERATIONS HAVE CEASED AND THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN. AS THE ORGANIZATION WINDS DOWN, REMAINING ASSETS WILL BE DISTRIBUTED TO PARKVIEW LEGACY FOUNDATION AND OTHER 501(C)(3) PUBLIC CHARITIES.

    Expenses $500,000 · Grants $500,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patricia Reynolds

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Richard Ramirez

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • John Demshki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dwight Tate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Wendell Tucker PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles S Mack Jr

    CEO

    Total calculated
    $0
    Hours/week
    20

  • David R Avina CPA

    CFO

    Total calculated
    $0
    Hours/week
    20

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

Provenance

Return type
form_990
Tax year
2023
Filed
26 November 2024
IRS schema version
2023v5.1
Source object
202423409349300802

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