Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEDICAL OFFICE RENT

  total $3,920,565 · related or exempt $3,920,565

• 3 · Investment income

  total $179,949 · excluded $179,949

• 7a · Gross sales of assets other than inventory

  securities $9,061 · other assets $4,431,337

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

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $9,061 · other assets $4,431,337

• 7d · Net gain or loss

  total $4,440,398 · excluded $4,440,398

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $12,250,000 · program services $12,250,000

• 11g · Fees: other

  total $438,660 · program services $438,660

• 13 · Office expenses

  total $717 · program services $536 · management and general $181

• 16 · Occupancy

  total $939,205 · program services $111,954 · management and general $827,251

• 17 · Travel

  total $5,220 · program services $622 · management and general $4,598

• 20 · Interest

  total $84,040 · program services $52,340 · management and general $31,700

• 21 · Payments to affiliates

  total $181,620 · program services $181,620

• 22 · Depreciation, depletion and amortization

  total $896,504 · program services $8,981 · management and general $887,523

• 23 · Insurance

  total $69,331 · program services $41,085 · management and general $28,246

• 24a · Other expenses: MAINTENANCE

  total $468,968 · program services $55,901 · management and general $413,067

• 24b · Other expenses: BAD DEBT

  total $42,122 · program services $5,021 · management and general $37,101

• 24c · Other expenses: MEDICAL SUPPLIES

  total $580 · program services $557 · management and general $23

• 24e · All other expenses

  total $92,658 · program services $11,045 · management and general $81,613

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $650,514 · end of year $1,577,959

• 2 · Savings and temporary cash investments

  beginning of year $5,279,630 · end of year $5,481,720

• 4 · Accounts receivable

  beginning of year $784,200 · end of year $874,865

• 7 · Other notes and loans receivable

  beginning of year $64,517 · end of year $57,047

• 9 · Prepaid expenses and deferred charges

  beginning of year $80,312 · end of year $78,686

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

  $28,704,858

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

  $21,657,480

• 10c · Land, buildings and equipment, net

  beginning of year $15,776,297 · end of year $7,047,378

• 12 · Investments: other securities

  beginning of year $93,319 · end of year $93,319

• 17 · Accounts payable and accrued expenses

  beginning of year $463,476 · end of year $230,328

• 19 · Deferred revenue

  beginning of year $114,597 · end of year $133,012

• 23 · Secured mortgages and notes payable

  beginning of year $2,002,100 · end of year $1,506,677

• 25 · Other liabilities

  beginning of year $188,838 · end of year $209,751

• 27 · Net assets without donor restrictions

  beginning of year $19,959,778 · end of year $13,131,206

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION UTILIZES HOLY REDEEMER HEALTH SYSTEM (HRHS), A RELATED PENNSYLVANIA 501(C)(3) PUBLIC CHARITY, AS ITS COMMON PAYMASTER. THE TOP MANAGEMENT OFFICIAL PERFORMS SERVICES FOR MULTIPLE RELATED ENTITIES AND EACH ENTITY PAYS FOR THEIR PORTION OF SERVICES BY REMITTING FUNDS TO HRHS; THE OVERALL COMPENSATION PACKAGE IS REVIEWED AND APPROVED BY HRHS. HRHS USES THE FOLLOWING WHEN DETERMINING THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER SIMILAR ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE COMPENSATION COMMITTEE.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• THE VILLAGES AT PINE VALLEY MEDICAL OFFICE BUILDING LLC

  INACTIVE ORGANIZATION · PA · income $0 · assets $0

  Directly controlled by HRH MANAGEMENT CORPORATION

Related partnerships

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

• THE VIEWS AT PINE VALLEY III LP

  INACTIVE ORGANIZATION · PA

• INNOVATIVE WELLNESS ALLIANCE LLC

  PHYSICIAN CLINICALLY INTEGRATED NETWORK · PA · general or managing partner

• COMMUNITY CARE COLLABORATIVE OF PENNSYLVANIA AND NEW JERSEY LLC

  ACCOUNTABLE CARE ORGANIZATION · PA · general or managing partner

• SOUTH POINT HEALTH NETWORK LLC

  INACTIVE ORGANIZATION · NJ · general or managing partner

• ROTHMAN ORTHOPAEDIC SPECIALTY HOSPITAL LLC

  ORTHOPAEDIC SERVICES · PA · general or managing partner

• MUVE - WARMINSTER LLC

  ORTHOPAEDIC SERVICES · PA · general or managing partner

• HOLY REDEEMER AMBULATORY SURGERY CENTER LLC

  MOBILE SURGERY SERVICES · PA · general or managing partner

• ORTHOPEDIC SURGERY & REHABILITATION ASSOCIATES LLC

  PROVIDE ORTHOPEDIC SURGERY AND REHABILIATION SERVICES · PA · general or managing partner

• PGC ACQUISITIONS LLC

  INACTIVE ORGANIZATION · PA · general or managing partner

• THE VILLAGES AT PINE VALLEY MEDICAL OFFICE BUILDING LP

  RELATED · INACTIVE ORGANIZATION · PA · 99% owned

  Directly controlled by HRH MANAGEMENT CORPORATION

• VW 201 LLC

  RELATED · PROPERTY MANAGERS · PA · 40% owned · share of income $316 · share of assets -$10,011 · general or managing partner

  Directly controlled by HRH MANAGEMENT CORPORATION

• THE VIEWS AT PINE VALLEY I LP

  CCRC OPERATING ENTITY · PA

• THE VIEWS AT PINE VALLEY I LLC

  CCRC GENERAL PARTNER · PA

• THE VIEWS AT PINE VALLEY II LP

  CCRC OPERATING ENTITY · PA

• THE VIEWS AT PINE VALLEY II LLC

  CCRC GENERAL PARTNER · PA · general or managing partner

Related corporations and trusts

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

• THR INSURANCE COMPANY LTD

  C · PROVIDE MALPRACTICE AND OTHER INSURANCE · CJ

• HOLY REDEEMER ACTIVE AND RETIREMENT LIVING COMMUNITIES INC

  C · CCRC PROPERTY MANAGERS · PA

• VISITING NURSE VENTURES INC

  C · INACTIVE · NJ

• VISITING NURSE MANAGEMENT CO INC

  C · INACTIVE · NJ