Totals
- Total revenue
- $50,311,429
- Total expenses
- $469,106
- Contributions and grants received
- $50,311,429
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $81,075,378
- Total liabilities, end of year
- $31,233,055
- Net assets or fund balances, end of year
- $49,842,323
- Program services expenses (Part IX)
- $469,106
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $469,106
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.
-
1d · Related organizations
$1,200,000
-
1f · All other contributions, gifts and grants
$49,111,429
-
1g · Noncash contributions included above
$50,311,429
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8c · Net income from fundraising events
total $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $130,153 · program services $130,153
-
22 · Depreciation, depletion and amortization
total $338,953 · program services $338,953
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $6,828,678
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$74,585,653
-
10b · Land, buildings and equipment: accumulated depreciation
$338,953
-
10c · Land, buildings and equipment, net
end of year $74,246,700
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
end of year $0
-
24 · Unsecured notes and loans payable
end of year $31,233,055
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
end of year $49,842,323
Mission and programs · 2024
Mission
Norton WLH Real Estate, Inc. is organized to assist Norton Hospitals, Inc. in support of its community healthcare and other nonprofit endeavors.
-
On September 30, 2024 Norton WLH Real Estate, Inc. (WLH) was formed and is organized and at all times shall be operated exclusively for the benefit of Norton Hospitals, Inc. (Norton) which will rent the property owned by WLH and run it as a community hospital facility. Norton has decades of experience running similar facilities in the Southeast and this venture furthers Norton's charitable purposes. WLH has leased to Norton land and building to be operated as a community hospital.
Expenses $469,106
As filed on the 2024 return.
Listed in Part VII
-
Adam Kempf
Trustee, Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 10 related
-
Robert Azar
Trustee, Secretary
- Total calculated
- $0
- Hours/week
- 1 + 10 related
-
Charles Leanhart
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mark Wheeler
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Scott Watkins
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Russell Cox
President
- Total calculated
- $0
- Hours/week
- 1 + 10 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.
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.
-
501(c)(3) · Provide Hospital Services · KY
Directly controlled by Norton Healthcare Inc
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 November 2025
- IRS schema version
- 2024v5.1
- Source object
- 202513109349303961
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