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Nonprofiteer
← UCMC TITLE HOLDING CORPORATION

Form 990 for tax year 2023

Filed by UCMC TITLE HOLDING CORPORATION.

Totals

Total revenue
$63,233
Total expenses
-$34,072
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$63,233
Investment income
$0
Other revenue
$0
Total assets, end of year
$10,994,067
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,994,067
Program services expenses (Part IX)
-$39,548
Management and general expenses
$5,476
Fundraising expenses
$0
Program service expenses (Part III)
-$39,548

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: LEASE REVENUE

    total $63,233 · related or exempt $63,233

  • 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

  • 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 -$39,548 · program services -$39,548 · management and general $0 · fundraising $0

  • 20 · Interest

    total $5,476 · management and general $5,476

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,871,935 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,165,314 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $8,772,638 · end of year $10,994,067

  • 17 · Accounts payable and accrued expenses

    beginning of year $115,960

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $6,500,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,096,565 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $9,097,362 · end of year $10,994,067

Mission and programs · 2023

Mission

COOPERATIVELY INVEST IN FACILITIES AND EQUIPMENT FOR THE ADVANCEMENT OF PATIENT CARE AT UNIVERSITY OF CHICAGO MEDICAL CENTER.

  • LEASING OF FACILITIES AND EQUIPMENT TO THE UNIVERSITY OF CHICAGO MEDICAL CENTER

    Expenses -$39,548 · Revenue $63,233

As filed on the 2023 return.

Listed in Part VII

  • Ivan Samstein

    PRESIDENT AND DIRECTOR OF BOARD

    Total calculated
    $1,937,704
    From this org
    $0
    From related orgs
    $1,704,200
    Other
    $233,504
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,067,829 related
    Bonus
    $0 + $598,691 related
    Other
    $0 + $37,680 related
    Deferred
    $0 + $195,751 related
    Nontaxable benefits
    $0 + $37,753 related
    Filer's total
    $0 + $1,937,704 related

  • Michelle Salomon

    TREASURER

    Total calculated
    $283,750
    From this org
    $0
    From related orgs
    $246,423
    Other
    $37,327
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,667 related
    Bonus
    $0 + $17,772 related
    Other
    $0 + $31,984 related
    Deferred
    $0 + $35,953 related
    Nontaxable benefits
    $0 + $1,374 related
    Filer's total
    $0 + $283,750 related

  • Phillip Kaufman

    DIRECTOR

    Total calculated
    $785,287
    From this org
    $0
    From related orgs
    $688,969
    Other
    $96,318
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,616 related
    Bonus
    $0 + $99,823 related
    Other
    $0 + $189,530 related
    Deferred
    $0 + $67,741 related
    Nontaxable benefits
    $0 + $28,577 related
    Filer's total
    $0 + $785,287 related

  • Gary Gasbarra

    SECRETARY (THRU 12/6/22)

    Total calculated
    $447,194
    From this org
    $0
    From related orgs
    $431,338
    Other
    $15,856
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $39,157 related
    Other
    $0 + $392,181 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,856 related
    Filer's total
    $0 + $447,194 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
IN CALENDAR YEAR 2023, GARY GASBARRA RECEIVED SEVERANCE PAYMENTS FOLLOWING HIS TERMINATION OF EMPLOYMENT ($356,631).
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN TO WHICH A RELATED ENTITY MAKES ANNUAL CONTRIBUTIONS. THESE CONTRIBUTIONS ARE AT RISK AND DO NOT BECOME VESTED AND PAYABLE UNLESS AND UNTIL THE INDIVIDUAL SATISFIES A SUBSTANTIAL FUTURE SERVICE REQUIREMENT. THE FOLLOWING INDIVIDUALS HAD CONTRIBUTIONS MADE TO THE PLAN IN JANUARY 2024 FOR CALENDAR YEAR 2023: PHILLIP KAUFMAN MICHELLE SALOMON IVAN SAMSTEIN THE FOLLOWING INDIVIDUALS BECAME VESTED IN, AND WERE TAXED ON, AMOUNTS PREVIOUSLY CREDITED UNDER THE PLAN TO THE INDIVIDUAL FOR SERVICES PROVIDED TO THE ORGANIZATION IN PRIOR YEARS (INCLUDED IN 2023 W-2S): PHILLIP KAUFMAN - $179,087 GARY GASBARRA RECEIVED A DISTRIBUTION FROM A SUPPLEMENTAL RETIREMENT PLAN FOLLOWING THEIR TERMINATION OF EMPLOYMENT, IN ACCORDANCE WITH THE GOVERNING PLAN DOCUMENT ($39,556 TO GARY GASBARRA). THESE DISTRIBUTIONS WERE REPORTED AS TAXABLE INCOME AND ARE INCLUDED IN THE COMPENSATION DISCLOSED IN SCHEDULE J IN THE REPORTED YEAR.
Schedule J, Part II
TAXABLE INCOME REPORTED IN COLUMN (B) MAY INCLUDE PAYMENTS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). IN MOST CASES, THESE PAYMENTS WERE EARNED OVER MANY YEARS OF EMPLOYMENT AND THE AMOUNTS HAD PREVIOUSLY BEEN SUBJECT TO VESTING RULES. SERP PAYMENT AMOUNTS EARNED IN PRIOR YEARS WERE PREVIOUSLY REPORTED ON THE FORM 990 AS DEFERRED COMPENSATION AND ARE REPORTED IN THIS 2023 FORM 990 ON SCHEDULE J, PART II, COLUMN (F). THE INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD CONDUCTS ITS REVIEW AND APPROVAL OF ALL EXECUTIVE COMPENSATION, INCLUDING THESE SERP AMOUNTS, IN A MANNER THAT QUALIFIES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER FEDERAL TAX LAW. THIS IS A RIGOROUS REVIEW PROCESS DESIGNED FOR TAX-EXEMPT ORGANIZATIONS BY THE INTERNAL REVENUE SERVICE, AND IT MEANS THAT THE BOARD COMPENSATION COMMITTEE DOES NOT HAVE ANY CONFLICTS OF INTEREST, AND RELIES ON MARKET DATA COMPILED BY AN INDEPENDENT COMPENSATION CONSULTANT TO SUPPORT ALL EXECUTIVE PAY AS MARKET COMPETITIVE AND REASONABLE. FOR THE INDIVIDUALS LISTED ON SCHEDULE J, PART II THAT ARE IDENTIFIED AS FORMER OFFICERS OR KEY EMPLOYEES, THE COMPENSATION LISTED IS EITHER THE FAIR MARKET VALUE COMPENSATION PAID TO THEM FOR SERVICES THEY PERFORMED AS ACTIVE EMPLOYEES OF UCMC OR A RELATED ORGANIZATION (AND WAS NOT PAID TO THEM DUE TO THEIR FORMERLY HAVING BEEN LISTED AS OFFICERS OR KEY EMPLOYEES), OR AS COMPENSATION FOR A COMBINATION OF SERVICES AND SEVERANCE: GARY GASBARRA

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.

  • ADVENTIST MIDWESTUSP SURGERY CENTERS LLC

    N/A · SURGERY CENTER · IL

    Directly controlled by NA

  • INGALLS SAME DAY SURGERY CTR

    N/A · SURGERY CENTER · IL

    Directly controlled by NA

  • IRON POINT RE PTNRS - TE(C) LP

    N/A · INVESTMENT · TX

    Directly controlled by NA

  • JAPAN ABSOLUTE VALUE FUND LP

    N/A · INVESTMENT · MA

    Directly controlled by NA

  • NEEDLE 2023-1 LLC

    N/A · INVESTMENT · CA

    Directly controlled by NA

  • NYDIG DIGITAL ASSETS FUND V LP

    N/A · INVESTMENT · NY

    Directly controlled by NA

  • SILKROAD ASIA VALUE PTNERS II

    N/A · INVESTMENT · CJ

    Directly controlled by NA

  • UCMC-SOLIS ON-CAMPUS MAMMOGRAPHY LLC

    N/A · MAMMOGRAPHY · DE

    Directly controlled by NA

  • UCMC-SOLIS OFF-CAMPUS MAMMOGRAPHY LLC

    N/A · MAMMOGRAPHY · DE

    Directly controlled by NA

Related corporations and trusts

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

  • CHARITABLE LEAD TRUST (0)

    Trust · CHAR LEAD TRUST · IL

    Directly controlled by NA

  • CHARITABLE REMAINDER TRUSTS (68)

    Trust · CHAR RMDR TRUST · IL

    Directly controlled by NA

  • CAPSTONE CPP 2012 1 FUND

    C Corporation · INVESTMENT · CJ

    Directly controlled by NA

  • EMPLOYED PHYSICIANS SP A SEGREGATED PORTFOLIO OF TRULEN INSURANCE SPC LTD

    LIAB INSURANCE · CJ

    Directly controlled by UCHHD

  • HPL-GL SP A SEGREGATED PORTFOLIO OF TRULEN INSURANCE SPC LTD

    LIAB INSURANCE · CJ

    Directly controlled by UCHHD

  • INGALLS CASUALTY INSURANCE LTD

    C Corporation · LIAB INSURANCE · CJ

    Directly controlled by NA

  • INGALLS HEALTH COUNCIL

    C Corporation · PURCHASING GROUP · IL

    Directly controlled by NA

  • INGALLS PROVIDER GROUP

    C Corporation · INSURANCE SERVICE · IL

    Directly controlled by NA

  • KOHINOOR CORE (CAYMAN) FUND

    C Corporation · INVESTMENT · CJ

    Directly controlled by NA

  • MEDCENTRIX INC

    C Corporation · BILLING & MGMT · IL

    Directly controlled by NA

  • NON-EMPLOYED PHYSICIANS SP A SEGREGATED PORTFOLIO OF TRULEN INSURANCE SPC L TD

    LIAB INSURANCE · CJ

    Directly controlled by UCHHD

  • PENSO FUND PLATFORM SPC - SEG PORTFOLIO

    C Corporation · INVESTMENT · CJ

    Directly controlled by NA

  • PHOENIX OVERLAY FUND LTD

    C Corporation · INVESTMENT · CJ

    Directly controlled by NA

  • POOLED INCOME FUND (1)

    C Corporation · POOLED INCO FUND · IL

    Directly controlled by NA

  • SC CURRICULUM INC

    C Corporation · SCNC CURRICULUM · IL

    Directly controlled by NA

  • SP 4 A SEGREGATED PORTFOLIO OF TRULEN INSURANCE SPC LTD

    LIAB INSURANCE · CJ

    Directly controlled by UCHHD

  • STANDARD GENERAL OFFSHORE FUND LTD

    C Corporation · INVESTMENT · CJ

    Directly controlled by NA

  • TARPON ALL EQUITIES FUND LP

    C Corporation · INVESTMENT · CJ

    Directly controlled by NA

  • TRULEN INSURANCE SPC LIMITED

    LIAB INSURANCE · CJ

    Directly controlled by UCHHD

  • UCHICAGO (BEIJING) CONSULTING CO LTD

    C Corporation · CONSULTING · CH

    Directly controlled by NA

  • UCHICAGO CENTER IN INDIA PRIVATE LIMITED

    C Corporation · CONSULTING · IN

    Directly controlled by NA

  • VIEWFORTH EUROPEAN EQUITY FUND LIMITED

    C Corporation · INVESTMENT · CJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349305627

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