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Nonprofiteer
← G S PROPERTIES INC

Form 990 for tax year 2023

Filed by G S PROPERTIES INC.

Totals

Total revenue
$2,000,143
Total expenses
$1,164,647
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,016,323
Investment income
$0
Other revenue
$983,820
Total assets, end of year
$1,899,542
Total liabilities, end of year
$14,241
Net assets or fund balances, end of year
$1,885,301
Program services expenses (Part IX)
$414,042
Management and general expenses
$750,605
Fundraising expenses
$0
Program service expenses (Part III)
$414,042

Program services were 35.6% 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 $1,016,323 · related or exempt $1,016,323

  • 11a · Other revenue: OPERATING EXPENSE RECO

    total $983,820 · excluded $983,820

  • 11e · Other revenue, total

    $983,820

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $273,382 · management and general $273,382

  • 11g · Fees: other

    total $305,052 · management and general $305,052

  • 13 · Office expenses

    total $73,435 · management and general $73,435

  • 22 · Depreciation, depletion and amortization

    total $113,772 · program services $113,772

  • 23 · Insurance

    total $10,936 · management and general $10,936

  • 24a · Other expenses: MAINTENANCE

    total $211,364 · program services $211,364

  • 24b · Other expenses: UTILITIES

    total $88,906 · program services $88,906

  • 24c · Other expenses: TAXES

    total $87,800 · management and general $87,800

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $1,298 · end of year $2,870

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

    $11,242,173

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

    $9,353,964

  • 10c · Land, buildings and equipment, net

    beginning of year $1,729,982 · end of year $1,888,209

  • 15 · Other assets

    beginning of year $0 · end of year $8,463

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,061 · end of year $14,241

  • 25 · Other liabilities

    beginning of year $2,749 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,639,470 · end of year $1,885,301

Mission and programs · 2023

Mission

MANAGEMENT OF HEALTH CARE FACILITIES USED BY GOOD SAMARITAN HOSPITAL.

  • GS PROPERTIES, INC. PROVIDES MANAGEMENT OF REAL PROPERTY FACILITIES USED BY GOOD SAMARITAN HOSPITAL FOR THE PROVISION OF HEALTH CARE. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES.

    Expenses $414,042 · Revenue $1,016,323

As filed on the 2023 return.

Listed in Part VII

  • Bradley Chambers

    PRESIDENT/DIRECTOR

    Total calculated
    $1,740,931
    From this org
    $0
    From related orgs
    $1,681,164
    Other
    $59,767
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $884,291 related
    Bonus
    $0 + $796,873 related
    Other
    $0
    Deferred
    $0 + $25,052 related
    Nontaxable benefits
    $0 + $34,715 related
    Filer's total
    $0 + $1,740,931 related

  • Oliver M Johnson II

    SECRETARY

    Total calculated
    $2,084,181
    From this org
    $0
    From related orgs
    $2,040,968
    Other
    $43,213
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $950,707 related
    Bonus
    $0 + $1,090,261 related
    Other
    $0
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $34,063 related
    Filer's total
    $0 + $2,084,181 related

  • Mark Meginnis

    VP/TREASURER

    Total calculated
    $534,425
    From this org
    $0
    From related orgs
    $508,338
    Other
    $26,087
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $341,147 related
    Bonus
    $0 + $167,191 related
    Other
    $0
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $16,937 related
    Filer's total
    $0 + $534,425 related

  • Eric Wagner

    FORMER VP/DIRECTOR

    Total calculated
    $2,055,549
    From this org
    $0
    From related orgs
    $2,029,086
    Other
    $26,463
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $514,910 related
    Bonus
    $0 + $958,232 related
    Other
    $0 + $555,944 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $17,313 related
    Filer's total
    $0 + $2,055,549 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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 III:
DETAILED BELOW ARE SEVERAL ONE-TIME PAYMENTS TO CERTAIN EXECUTIVES RELATED TO VARIOUS RETIREMENT, RETENTION AND LONG-TERM INCENTIVE PLANS. THESE PLANS AND PAYMENTS ARE NOT A ROUTINE PART OF THE TYPICAL MEDSTAR EXECUTIVE COMPENSATION PROGRAM, AND SUPPORTED IMPORTANT OBJECTIVES OF OUR ORGANIZATION. ERIC WAGNER'S OTHER REPORTABLE COMPENSATION IN PART II, COLUMN (B)(III) INCLUDES $429,576 REPRESENTING SEVERANCE PAYMENTS RECEIVED BY MR. WAGNER. MARK MEGINNIS' COMPENSATION IS FOR SERVICES PROVIDED AS CFO TO MEDSTAR NATIONAL REHABILITATION HOSPITAL, MEDSTAR URGENT CARE, AND NUMEROUS MEDSTAR HEALTH AMBULATORY BUSINESSES.

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.

  • MEDSTAR SHAH MSO LLC

    N/A · MGMT SVCS · MD

  • 22590 SHADY COURT LLC

    N/A · REAL ESTATE · MD

  • 24035 THREE NOTCH ROAD LLC

    N/A · REAL ESTATE · MD

  • 37767 MARKET DRIVE LLC

    N/A · REAL ESTATE · MD

  • 26840 POINT LOOKOUT ROAD LLC

    N/A · REAL ESTATE · MD

  • MONTGOMERY COMMUNITY MRI LP

    N/A · MRI SCREENING · MD

  • PHYSIOTHERAPY ASSOCIATES NRH REHAB LLC

    N/A · PHYSIOTHERAPY · PA

  • PHYSICIAN IMAGING OF WASHINGTON HOSPITAL CENTER LLC

    N/A · RADIOLOGY SVC · TN

  • FRANKLIN IMAGING LLC

    N/A · IMAGING · MD

  • 10 ST PATRICK'S DRIVE LLC

    N/A · REAL ESTATE · MD

  • MEDSTAR ENDOSCOPY CTR AT LUTHERVILLELLC

    N/A · SURGERY · MD

  • CAPITAL ENDOSCOPY LLC

    N/A · SURGERY · MD

  • 4240 ALTAMONT PLACE LLC

    N/A · REAL ESTATE · MD

  • MEDSTAR ENDOSCOPY CENTER-SILVER SPRING LLC

    N/A · SURGERY · MD

  • MEDSTAR SURGERY CENTER 1 LLC

    N/A · SURGERY · MD

  • MEDSTAR SURGERY CENTER AT BRANDYWINE LLC

    N/A · SURGERY · MD

  • MEDSTAR SURGERY CENTER AT TIMONIUM LLC

    N/A · SURGERY · MD

Related corporations and trusts

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

  • MEDSTAR PHARMACIES INC

    C · DRUG SALES · MD

  • EXTENCARE INC

    C · MEDICAL SERVICE · MD

  • HELIX RESOURCES MANAGEMENT INC

    C · ADMIN SERVICE · MD

  • HELIXCARE PROPERTIES LLC

    C · MEDICAL SERVICE · MD

  • PARKWAY VENTURES INC

    C · HOLDING COMPANY · MD

  • PHYSICIANS ADMINISTRATIVE SERVICES INC

    C · BILLING SERVICE · MD

  • MEDSTAR FAMILY CHOICE INC

    C · MANAGED CARE · MD

  • MEDSTAR ENTERPRISES INC

    C · ADMIN SERVICE · MD

  • SITEL INC

    C · EDUCATIONAL SVC · MD

  • STAR BILLING INC

    C · BILLING SERVICE · MD

  • WASHINGTON RISK NETWORK MANAGEMENT INC

    C · MEDICAL SERVICE · MD

  • WASHINGTON HOSPITAL CENTER PHYSICIAN HOS

    C · MEDICAL SERVICE · DC

  • MEDSTAR PHYSICIAN PARTNERS INC

    C · MEDICAL SERVICE · MD

  • FRANKLIN SQUARE DRIVE LAND CONDO ASSOCIA

    C · CONDO OWNER ASSOC · MD

  • MGH DIVERSIFIED SERVICES INC

    C · MEDICAL SERVICE · MD

  • ST MARY'S HEALTH ALLIANCE INC

    C · MEDICAL SERVICE · MD

  • GREENSPRING FINANCIAL INSURANCE LIMITED

    C · INSURANCE · CJ

  • ST MARY'S CONDO ASSOCIATION

    C · CONDOMINIUMS · MD

  • MEDSTAR HEALTH INC - INVESTMENT FUND I

    C · INVESTMENTS · CJ

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202521299349302872

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