Form 990 for tax year 2022

Filed by SAINT FRANCIS HEALTHCARE REAL ESTATE.

Totals

Total revenue: $23,032,667
Total expenses: $27,706,564
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $0
Investment income: -$44,895
Other revenue: $23,077,562
Total assets, end of year: $214,045,903
Total liabilities, end of year: $7,700,537
Net assets or fund balances, end of year: $206,345,366
Program services expenses (Part IX): $27,706,564
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $27,706,564

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.

6a · Gross rents

real property $23,077,562
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $23,077,562
6d · Net rental income or loss

total $23,077,562 · related or exempt $23,077,562
7b · Less cost or other basis and sales expenses

other assets $44,895
7c · Gain or loss

other assets -$44,895
7d · Net gain or loss

total -$44,895 · related or exempt -$44,895

Functional expenses

Part IX, the statement of functional expenses.

16 · Occupancy

total $4,574,592 · program services $4,574,592
17 · Travel

total $47,082 · program services $47,082
22 · Depreciation, depletion and amortization

total $9,304,881 · program services $9,304,881
23 · Insurance

total $1,145,301 · program services $1,145,301
24a · Other expenses: LEASED EMPLOYEES

total $7,436,564 · program services $7,436,564
24b · Other expenses: OTHER EXPENSES

total $2,980,371 · program services $2,980,371
24c · Other expenses: REPAIRS & MAINTENANCE

total $1,294,889 · program services $1,294,889
24d · Other expenses: RENTAL EXPENSES

total $922,884 · program services $922,884

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0 · end of year $7,334,763
4 · Accounts receivable

beginning of year $0 · end of year $97,694
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $80,631
10a · Land, buildings and equipment: cost or other basis

$212,817,602
10b · Land, buildings and equipment: accumulated depreciation

$9,281,664
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $203,535,938
15 · Other assets

beginning of year $0 · end of year $2,996,877
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $427,064
19 · Deferred revenue

beginning of year $0 · end of year $1,018
25 · Other liabilities

beginning of year $0 · end of year $7,272,455
27 · Net assets without donor restrictions

beginning of year $0 · end of year $206,345,366

Mission and programs · 2022

Mission

SAINT FRANCIS HEALTHCARE REAL ESTATE (THE ORGANIZATION) IS ORGANIZED AND WILL BE OPERATED FOR THE PURPOSE OF OWNING AND MAINTAINING REAL PROPERTY THAT IS USED BY SAINT FRANCIS HEALTHCARE SYSTEM (A RELATED NOT-FOR-PROFIT CORPORATION) AND ITS NON-PROFIT AFFILIATES IN FURTHERANCE OF THEIR NONPROFIT, TAX-EXEMPT, RELIGIOUS, AND CHARITABLE PURPOSES INCLUDING ALL MANNER OF ACTIVITIES THE OBJECTIVES OF WHICH SHALL BE THE PROMOTION OF HEALTH, THE PROVISION OF RELIEF TO THE POOR, DISTRESSED AND UNDERPRIVILEGED, THE ADVANCEMENT OF EDUCATION AND SCIENCE, THE LESSENING OF THE BURDENS OF GOVERNMENT AND THE PROMOTION OF THE SOCIAL WELFARE THROUGH ACCOMPLISHMENT OF THE FOREGOING IN THE HEALTHCARE FIELD.

SAINT FRANCIS HEALTHCARE REAL ESTATE (THE ORGANIZATION) IS ORGANIZED AND WILL BE OPERATED FOR THE PURPOSE OF OWNING AND MAINTAINING REAL PROPERTY THAT IS USED BY SAINT FRANCIS HEALTHCARE SYSTEM (A RELATED NOT-FOR-PROFIT CORPORATION) AND ITS NON-PROFIT AFFILIATES IN FURTHERANCE OF THIER NONPROFIT, TAX-EXEMPT, RELIGIOUS, AND CHARITABLE PURPOSES INCLUDING ALL MANNER OF ACTIVITIES THE OBJECTIVES OF WHICH SHALL BE THE PROMOTION OF HEALTH, THE PROVISION OF RELIEF TO THE POOR, DISTRESSED AND UNDERPRIVILEGED, THE ADVANCEMENT OF EDUCATION AND SCIENCE, THE LESSENING OF THE BURDENS OF GOVERNMENT AND THE PROMOTION OF THE SOCIAL WELFARE THROUGH ACCOMPLISHMENT OF THE FOREGOING IN THE HEALTHCARE FIELD.

Expenses $27,706,564 · Revenue $23,077,562

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

Listed in Part VII

Dennis VollinkDENNIS VOLLINK

DIRECTOR

Total calculated

$0

Hours/week

2 + 4 related
Susan TomlinSUSAN TOMLIN

SECRETARY

Total calculated

$1,184

From this org

$0

From related orgs

$0

Other

$1,184

Hours/week

2 + 2 related
Justin DavisonJUSTIN DAVISON

PRESIDENT & CEO

Total calculated

$692,949

From this org

$0

From related orgs

$660,207

Other

$32,742

Hours/week

2 + 48 related

Schedule J breakdown matched by us

Base

$0 + $554,675 related

Bonus

$0 + $95,928 related

Other

$0 + $9,604 related

Deferred

$0 + $7,157 related

Nontaxable benefits

$0 + $25,585 related

Filer's total

$0 + $692,949 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 · Approval by the board or compensation committee

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.

SAINT FRANCIS MEDICAL CENTER

501(C)(3) · HEALTHCARE · MO

Directly controlled by SFHS
SAINT FRANCIS FOUNDATION

501(C)(3) · FUND DEV. · MO

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.

Disregarded entities

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

IMMEDIATE CONVENIENT CARE LLC

HEALTHCARE · MO

Directly controlled by SAINT FRANCIS HEALTHCARE SYSTEM
IMMEDIATE CONVENIENT CARE - PERRYVILLE LLC

HEALTHCARE · MO

Directly controlled by SAINT FRANCIS HEALTHCARE SYSTEM
48 DOCTORS PARK LLC

HEALTHCARE · MO

Directly controlled by SAINT FRANCIS HEALTHCARE SYSTEM
SAINT FRANCIS MEDICAL PARTNERS

HEALTHCARE · MO

Directly controlled by SAINT FRANCIS HEALTHCARE SYSTEM

Related corporations and trusts

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

SAINT FRANCIS HEALTH DEVELOPMENT SE

C · HOLDING CO. · MO · 100% owned

Directly controlled by SFHS
SAINT FRANCIS HEALTH PLANS LLC

C · HOLDING CO. · MO · 100% owned

Directly controlled by SFHS

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 May 2024
IRS schema version: 2022v5.0
Source object: 202421369349316292

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