Skip to content
Nonprofiteer
← NORTH JERSEY HEALTH CARE PROPERTIES INC

Form 990 for tax year 2023

Filed by NORTH JERSEY HEALTH CARE PROPERTIES INC.

Totals

Total revenue
$1,629
Total expenses
$164,704
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • Kevin Lenahan

    President & Treasurer

    Total calculated
    $7,161,469
    From this org
    $0
    From related orgs
    $6,754,515
    Other
    $406,954
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,347,725 related
    Bonus
    $0 + $992,992 related
    Other
    $0 + $4,413,798 related
    Deferred
    $0 + $393,574 related
    Nontaxable benefits
    $0 + $13,380 related
    Filer's total
    $0 + $7,161,469 related

  • Sheilah O'Halloran

    Secretary

    Total calculated
    $1,889,266
    From this org
    $0
    From related orgs
    $1,616,347
    Other
    $272,919
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $839,197 related
    Bonus
    $0 + $593,867 related
    Other
    $0 + $183,283 related
    Deferred
    $0 + $259,539 related
    Nontaxable benefits
    $0 + $13,380 related
    Filer's total
    $0 + $1,889,266 related

  • Robert Adams

    Director

    Total calculated
    $2,675,422
    From this org
    $0
    From related orgs
    $2,528,433
    Other
    $146,989
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $575,002 related
    Bonus
    $0 + $353,445 related
    Other
    $0 + $1,599,986 related
    Deferred
    $0 + $129,108 related
    Nontaxable benefits
    $0 + $17,881 related
    Filer's total
    $0 + $2,675,422 related

  • Robert Peake

    Director

    Total calculated
    $969,675
    From this org
    $0
    From related orgs
    $840,848
    Other
    $128,827
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $513,147 related
    Bonus
    $0 + $250,400 related
    Other
    $0 + $77,301 related
    Deferred
    $0 + $115,447 related
    Nontaxable benefits
    $0 + $13,380 related
    Filer's total
    $0 + $969,675 related

  • David Ferguson

    Exec Director, Finance Ops

    Total calculated
    $385,420
    From this org
    $0
    From related orgs
    $351,340
    Other
    $34,080
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,180 related
    Bonus
    $0 + $52,691 related
    Other
    $0 + $1,469 related
    Deferred
    $0 + $20,538 related
    Nontaxable benefits
    $0 + $13,542 related
    Filer's total
    $0 + $385,420 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 — 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I, Line 4b
2023 Mid Career Hire Plan The organization provides a supplemental non-qualified retirement plan (457f plan) known as the Mid-Career Hire Plan (MCHP) for certian officers and key employees. During 2023, the following officer/key employee received vested distributions in this non-qualified retirement plan. Such distributions were included in Box 1, Box 5 and Box 16 of their respective Form W-2: Kevin Lenahan $4,372,618 The Mid Career Hire Plan was terminated effective January 1, 2023. Any existing participants were transferred at that time into the Supplmental Exectiuve Retirement Plan (SERP) as outlined below. 2023 Supplemental Executive Retirement Plan (SERP) Earned Credits Atlantic Health implemented a non-qualified Supplemental Executive Retirement Plan (SERP) paid entirely by Atlantic Health System. The SERP is provided to individuals that hold an executive position with Atlantic Health System. The SERP is in addition to benefits provided under the Atlantic Health System 403(b) and the Cash Balance plan if hired prior to December 15, 2013. During 2023, the following Trustees received SERP credits: Sheilah O'Halloran $223,239 Robert Peake 79,147 Kevin Lenahan 357,274 Robert Adams 113,790 The above amounts represent earned credits which have not vested and were not included in their respective 2023 W-2 compensation. However, the earned credits were included as Other Compensation in Column (F) of Part VII and in Schedule J, Column (C) of the 2023 IRS 990 tax return per IRS guidance. Once the officer meets the applicable vesting criteria of the plan, the SERP credits will be included as taxable compensation in their respective Form W-2 of that year. 2023 Supplemental Executive Retirement Plan (SERP)Taxable Distributions The following Trustee received a taxable SERP distribution during 2023 based on the vesting criteria of the plan document. This taxable SERP distribution was included in the respective 2023 W-2 and is reported in Other Reportable Compensation in Schedule J (Sch J, (B)(ii) of this IRS 990: Sheilah O'Halloran $148,702 Robert Peake 72,406 Robet Adams 153,967

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403189349307985

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.