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← SAINT FRANCIS HEALTHCARE REAL ESTATE

Form 990 for tax year 2023

Filed by SAINT FRANCIS HEALTHCARE REAL ESTATE.

Totals

Total revenue
$23,574,381
Total expenses
$30,182,433
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
-$100,434
Other revenue
$23,674,815
Total assets, end of year
$208,504,437
Total liabilities, end of year
$8,767,123
Net assets or fund balances, end of year
$199,737,314
Program services expenses (Part IX)
$28,882,433
Management and general expenses
$1,300,000
Fundraising expenses
$0
Program service expenses (Part III)
$28,882,433

Program services were 95.7% 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 $23,674,815

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $23,674,815

  • 6d · Net rental income or loss

    total $23,674,815 · related or exempt $23,674,815

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

    other assets $100,434

  • 7c · Gain or loss

    other assets -$100,434

  • 7d · Net gain or loss

    total -$100,434 · related or exempt -$100,434

Functional expenses

Part IX, the statement of functional expenses.

  • 12 · Advertising and promotion

    total $26,467 · program services $26,467

  • 16 · Occupancy

    total $5,256,740 · program services $5,256,740

  • 22 · Depreciation, depletion and amortization

    total $9,653,291 · program services $9,653,291

  • 23 · Insurance

    total $1,158,850 · program services $1,158,850

  • 24a · Other expenses: LEASED EMPLOYEES

    total $8,607,167 · program services $8,607,167

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $1,426,934 · program services $1,426,934

  • 24c · Other expenses: TRANSFER TO PARENT

    total $1,300,000 · management and general $1,300,000

  • 24d · Other expenses: PURCHASED SERVICES

    total $1,221,998 · program services $1,221,998

  • 24e · All other expenses

    total $1,530,986 · program services $1,530,986

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,334,763 · end of year $6,790,116

  • 4 · Accounts receivable

    beginning of year $97,694 · end of year $94,048

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $80,631 · end of year $35,814

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

    $216,833,333

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

    $18,865,982

  • 10c · Land, buildings and equipment, net

    beginning of year $203,535,938 · end of year $197,967,351

  • 15 · Other assets

    beginning of year $2,996,877 · end of year $3,617,108

  • 17 · Accounts payable and accrued expenses

    beginning of year $427,064 · end of year $644,825

  • 19 · Deferred revenue

    beginning of year $1,018 · end of year $2,431

  • 25 · Other liabilities

    beginning of year $7,272,455 · end of year $8,119,867

  • 27 · Net assets without donor restrictions

    beginning of year $206,345,366 · end of year $199,737,314

Mission and programs · 2023

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 $28,882,433 · Revenue $23,574,381

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dennis Vollink

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan Tomlin

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Justin Davison

    PRESIDENT & CEO

    Total calculated
    $889,979
    From this org
    $0
    From related orgs
    $856,815
    Other
    $33,164
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

    Base
    $0 + $687,462 related
    Bonus
    $0 + $157,950 related
    Other
    $0 + $11,403 related
    Deferred
    $0 + $6,600 related
    Nontaxable benefits
    $0 + $26,564 related
    Filer's total
    $0 + $889,979 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.

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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511359349305181

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