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Nonprofiteer
← HALLMARK HEALTH PROPERTIES INC

Form 990 for tax year 2024

Filed by HALLMARK HEALTH PROPERTIES INC.

Totals

Total revenue
$3,004,186
Total expenses
$3,224,201
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,004,186
Investment income
$0
Other revenue
$0
Total assets, end of year
$20,025,909
Total liabilities, end of year
$13,216,239
Net assets or fund balances, end of year
$6,809,670
Program services expenses (Part IX)
$3,224,201
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,224,201

Program services were 100.0% 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: RELATED ORG. RENT INC.

    total $2,795,216 · related or exempt $2,795,216

  • 2b · Program service revenue: RENT - HEALTH PROVIDER

    total $208,970 · related or exempt $208,970

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $8,576 · program services $8,576

  • 13 · Office expenses

    total $517 · program services $517

  • 16 · Occupancy

    total $2,078,238 · program services $2,078,238

  • 20 · Interest

    total $449,806 · program services $449,806

  • 22 · Depreciation, depletion and amortization

    total $627,496 · program services $627,496

  • 23 · Insurance

    total $9,937 · program services $9,937

  • 24a · Other expenses: SNOW REMOVAL

    total $37,155 · program services $37,155

  • 24b · Other expenses: STATE FEES & LICENSES

    total $4,640 · program services $4,640

  • 24c · Other expenses: WASTE REMOVAL

    total $4,028 · program services $4,028

  • 24d · Other expenses: TELEPHONE

    total $3,582 · program services $3,582

  • 24e · All other expenses

    total $226 · program services $226

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $89,963 · end of year $21,918

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,026 · end of year $59,245

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

    $26,582,081

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

    $6,860,250

  • 10c · Land, buildings and equipment, net

    beginning of year $20,346,771 · end of year $19,721,831

  • 15 · Other assets

    beginning of year $35,016 · end of year $222,915

  • 17 · Accounts payable and accrued expenses

    beginning of year $193,893 · end of year $338,136

  • 20 · Tax-exempt bond liabilities

    beginning of year $13,245,161 · end of year $12,858,537

  • 25 · Other liabilities

    beginning of year $83,964 · end of year $19,566

  • 27 · Net assets without donor restrictions

    beginning of year $7,023,758 · end of year $6,809,670

Mission and programs · 2024

Mission

THE MISSION OF HALLMARK HEALTH PROPERTIES, INC. IS TO ACQUIRE, HOLD, MANAGE AND DEVELOP REAL ESTATE PROPERTIES FOR THE BENEFIT OF MELROSEWAKEFIELD HEALTHCARE PARENT CORPORATION (THE PARENT) AND MELROSEWAKEFIELD HEALTHCARE, INC. (HOSPITAL) AND THEIR RELATED ORGANIZATIONS.

  • ACQUIRED, HELD, MANAGED AND DEVELOPED REAL ESTATE PROPERTIES FOR THE BENEFIT OF MELROSEWAKEFIELD HEALTHCARE CORPORATION (THE PARENT) AND MELROSEWAKEFIELD HEALTHCARE, INC. (HOSPITAL) AND THEIR RELATED ORGANIZATIONS.

    Expenses $3,224,201 · Revenue $3,004,186

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

Listed in Part VII

  • William Wyman

    TREASURER (UNTIL 11/24)/PRESIDENT

    Total calculated
    $609,096
    From this org
    $0
    From related orgs
    $503,114
    Other
    $105,982
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $420,049 related
    Bonus
    $0 + $30,472 related
    Other
    $0 + $52,593 related
    Deferred
    $0 + $87,362 related
    Nontaxable benefits
    $0 + $18,620 related
    Filer's total
    $0 + $609,096 related

  • Kelly Corbi

    PRESIDENT/DIRECTOR (UNTIL 10/24)

    Total calculated
    $659,085
    From this org
    $0
    From related orgs
    $526,918
    Other
    $132,167
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $517,484 related
    Bonus
    $0
    Other
    $0 + $9,434 related
    Deferred
    $0 + $110,362 related
    Nontaxable benefits
    $0 + $21,805 related
    Filer's total
    $0 + $659,085 related

  • Brian Salamone

    DIRECTOR

    Total calculated
    $371,058
    From this org
    $0
    From related orgs
    $305,587
    Other
    $65,471
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,510 related
    Bonus
    $0 + $13,770 related
    Other
    $0 + $307 related
    Deferred
    $0 + $41,109 related
    Nontaxable benefits
    $0 + $24,362 related
    Filer's total
    $0 + $371,058 related

  • Jeffrey McAllister Esq

    SECRETARY/DIRECTOR (AS OF 11/24)

    Total calculated
    $224,771
    From this org
    $0
    From related orgs
    $221,209
    Other
    $3,562
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,962 related
    Bonus
    $0 + $7,050 related
    Other
    $0 + $197 related
    Deferred
    $0 + $3,315 related
    Nontaxable benefits
    $0 + $247 related
    Filer's total
    $0 + $224,771 related

  • William Sullivan

    TREASURER (AS OF 11/24)

    Total calculated
    $242,547
    From this org
    $0
    From related orgs
    $224,206
    Other
    $18,341
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,828 related
    Bonus
    $0 + $7,336 related
    Other
    $0 + $1,042 related
    Deferred
    $0 + $6,375 related
    Nontaxable benefits
    $0 + $11,966 related
    Filer's total
    $0 + $242,547 related

  • Donna Sandler

    ASSISTANT TREASURER

    Total calculated
    $109,444
    From this org
    $0
    From related orgs
    $89,831
    Other
    $19,613
    Hours/week
    1 + 40 related

  • Charles R Whipple Esq

    FORMER SECRETARY/DIRECTOR

    Total calculated
    $219,724
    From this org
    $0
    From related orgs
    $163,145
    Other
    $56,579
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $109,321 related
    Bonus
    $0
    Other
    $0 + $53,824 related
    Deferred
    $0 + $48,454 related
    Nontaxable benefits
    $0 + $8,125 related
    Filer's total
    $0 + $219,724 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
RELATED ORGANIZATION METHODS USED FOR COMPENSATION EXPLANATION - ANNUALLY, THE HUMAN RESOURCES COMMITTEE OF THE PARENT CORPORATION, MELROSEWAKEFIELD HEALTHCARE PARENT CORPORATION, AND THE HOSPITAL CORPORATION, MELROSEWAKEFIELD HEALTHCARE, INC., COMPRISED OF INDEPENDENT DIRECTORS REVIEW THE COMPENSATION OF THE PRESIDENT AND THE EXECUTIVE TEAM USING DATA FROM AN INDEPENDENT THIRD PARTY EVALUATION OF COMPARABLE COMPENSATION DATA TO ASSESS AND SET COMPENSATION. COMPENSATION IS PAID BY A RELATED CORPORATION.
PART I, LINE 4B
SECTION 457(F) RETIREMENT PLAN EMPLOYER DEFERRALS IN CALENDAR YEAR 2024: KELLY CORBI - $100,462 WILLIAM WYMAN - $77,462 CHARLES R. WHIPPLE, ESQ. - $44,923 BRIAN SALAMONE - $36,166

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MONTVALE PETCT LLC

    RELATED · CAT SCAN · DE

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • SHIELDS-TUFTS MEDICAL CENTER IMAGING MANAGEMENT LLC

    RELATED · MEDICAL SERVICES (MRI) · MA

    Directly controlled by TUFTS MEDICAL CENTER INC

  • TUFTS MEDICINE SHIELDS PETCT LLC

    RELATED · PET/CT SCANS · MA

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

Related corporations and trusts

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

  • HALLMARK HEALTH PHO INC

    C · PHYSICIAN HOSPITAL ORGANIZATION · MA

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • LAWRENCE MELROSE MEDICAL ELECTRONICS RECORD INC

    C · ELECTRONIC MEDICAL RECORDS · MA

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • LGH MANAGEMENT SERVICES INC

    C · MEDICAL SERVICES · MA · controlled entity

    Directly controlled by LGH SERVICES INC

  • LGH MEDICAL BUILDING SERVICES INC

    C · MEDICAL OFFICE BUILDING · MA · controlled entity

    Directly controlled by LGH SERVICES INC

  • LGH MEDICAL SERVICES INC

    C · MEDICAL SERVICES · MA · controlled entity

    Directly controlled by LGH SERVICES INC

  • LGH SERVICES INC

    C · MEDICAL SERVICES · MA · controlled entity

    Directly controlled by CIRCLE HEALTH INC

  • TUFTS MEDICINE INDEMNITY COMPANY LTD

    C · CAPTIVE INSURANCE · CJ · controlled entity

    Directly controlled by TUFTS MEDICINE INC

  • TMIN SERVICES INC

    C · HEALTH CARE · MA · controlled entity

    Directly controlled by TUFTS MEDICINE INTEGRATED NETWORK INC

Provenance

Return type
form_990
Tax year
2024
Filed
11 August 2026
IRS schema version
2024v5.5
Source object
202612259349301221

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