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Nonprofiteer
← MCAMERICAS REALTY INC

Form 990 for tax year 2022

Filed by MCAMERICAS REALTY INC.

Totals

Total revenue
$266,465
Total expenses
$429,326
Contributions and grants received
$17,200
Grants paid
$0
Program service revenue
$249,265
Investment income
$0
Other revenue
$0
Total assets, end of year
$6,326,320
Total liabilities, end of year
$6,138,670
Net assets or fund balances, end of year
$187,650
Program services expenses (Part IX)
$429,326
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$429,326

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.

  • 1f · All other contributions, gifts and grants

    $17,200

  • 2a · Program service revenue: RENTAL INCOME

    total $249,265 · related or exempt $249,265

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $88,800 · program services $88,800

  • 11b · Fees: legal

    total $1,050 · program services $1,050

  • 11c · Fees: accounting

    total $1,284 · program services $1,284

  • 11g · Fees: other

    total $2,000 · program services $2,000

  • 16 · Occupancy

    total $176,804 · program services $176,804

  • 20 · Interest

    total $155,069 · program services $155,069

  • 22 · Depreciation, depletion and amortization

    total $1,812 · program services $1,812

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $1,675 · program services $1,675

  • 24b · Other expenses: PRINTING & COPYING

    total $395 · program services $395

  • 24c · Other expenses: SUPPLIES

    total $308 · program services $308

  • 24d · Other expenses: BANK CHARGES

    total $125 · program services $125

  • 24e · All other expenses

    total $4 · program services $4

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $797 · end of year $11,284

  • 4 · Accounts receivable

    beginning of year $4,274 · end of year $1,360

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,991 · end of year $4,010

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

    $6,225,934

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

    $4,863

  • 10c · Land, buildings and equipment, net

    beginning of year $5,233,120 · end of year $6,221,071

  • 15 · Other assets

    beginning of year $89,975 · end of year $88,595

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,156,918 · end of year $2,909,734

  • 23 · Secured mortgages and notes payable

    beginning of year $3,822,058 · end of year $3,222,901

  • 25 · Other liabilities

    beginning of year $5,670 · end of year $6,035

  • 27 · Net assets without donor restrictions

    beginning of year $350,511 · end of year $187,650

Mission and programs · 2022

Mission

THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF: (1) ACQUIRING REAL PROPERTY AND HOLDING TITLE TO, AND COLLECTING INCOME FROM, SUCH PROPERTY; AND (2) REMITTING THE ENTIRE AMOUNT OF INCOME FROM SUCH PROPERTY (LESS EXPENSES) TO MCAMERICAS HOLDINGS, INC. FOR SO LONG AS IT IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

  • MCAMERICAS REALTY, INC. HAS BEEN ACQUIRING VARIOUS PARCELS OF LAND WITHIN THE MCA-DESIGNATED CAMPUS FOR EXPANSION AND FUTURE DEVELOPMENTS CONSISTENT WITH THE ORGANIZATION'S EXEMPT PURPOSE.

    Expenses $429,326 · Revenue $249,265

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lane Gaddy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ben Marcus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Josh Hunt

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Bohannon

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Edward Escudero

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ted Houghton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rick Francis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melinda Becker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christian Giese

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Emma Schwartz

    FORMER PRESIDENT

    Total calculated
    $147,841
    From this org
    $0
    From related orgs
    $141,896
    Other
    $5,945
    Hours/week
    1 + 40 related

  • Carlos Ortega

    CEO AND CFO

    Total calculated
    $231,465
    From this org
    $0
    From related orgs
    $212,448
    Other
    $19,017
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,448 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,498 related
    Nontaxable benefits
    $0 + $10,519 related
    Filer's total
    $0 + $231,465 related

  • Xavier Cardenas

    SR DIRECTOR. ENGINEERING

    Total calculated
    $143,865
    From this org
    $0
    From related orgs
    $137,944
    Other
    $5,921
    Hours/week
    1 + 40 related

  • Nancy Lowery

    SR. DIRECTOR OF INNOVATION

    Total calculated
    $132,350
    From this org
    $0
    From related orgs
    $127,260
    Other
    $5,090
    Hours/week
    1 + 40 related

  • Michaele D Linden-Johnson

    SR. DIRECTOR OF TRIALS

    Total calculated
    $116,920
    From this org
    $0
    From related orgs
    $102,309
    Other
    $14,611
    Hours/week
    1 + 40 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

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.

  • MEDICAL CENTER OF THE AMERICAS FOUNDATION

    501(C)(3) · ADVANCE DEVELOPMENT OF MCA CAMPUS AND BIOMEDICAL INNOVATION AND RESEARCH · TX

    Directly controlled by MCAMERICAS HOLDINGS INC

  • MCA TECH PARK INC

    501(C)(3) · HOLDING AND DEVELOPING A LIFE SCIENCES RESEARCH AND TECHNOLOGY BUILDING · TX

    Directly controlled by MCAMERICAS HOLDINGS INC

  • MCAMERICAS HOLDINGS INC

    501(C)(3) · SUPPORTING ORGANIZATION SERVING AS PARENT HOLDING COMPANY · TX

    Directly controlled by NONE

  • MCA REVERE REALTY INC

    501(C)(3) · ACQUISITION, HOLDING, AND LEASING REAL ESTATE · TX

    Directly controlled by MCAMERICAS HOLDINGS INC

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.

  • BMIA INC

    C · FACILITATE ACCESS TO CAPITAL TO THE MCA INNOVATION ECOSYSTEM · NV

    Directly controlled by MEDICAL CENTER OF THE AMERICAS FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
19 July 2023
IRS schema version
2022v5.0
Source object
202302149349301365

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