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Nonprofiteer
← HOSPITAL PROPERTIES INC

Form 990 for tax year 2023

Filed by HOSPITAL PROPERTIES INC.

Totals

Total revenue
$89,103,153
Total expenses
$74,643,497
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$89,276,781
Investment income
-$222,120
Other revenue
$48,492
Total assets, end of year
$867,797,332
Total liabilities, end of year
$47,556,903
Net assets or fund balances, end of year
$820,240,429
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: RENTAL/RELATED INCOME

    total $89,276,781 · related or exempt $89,276,781

  • 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

  • 7a · Gross sales of assets other than inventory

    other assets $0

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

    other assets $222,120

  • 7c · Gain or loss

    securities $0 · other assets -$222,120

  • 7d · Net gain or loss

    total -$222,120 · related or exempt -$222,120

  • 11a · Other revenue: Economic Development Credit

    total $48,492 · related or exempt $48,492

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $48,492

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $5,416

  • 11g · Fees: other

    total $17,185,144

  • 12 · Advertising and promotion

    total $38

  • 13 · Office expenses

    total $148,507

  • 14 · Information technology

    total $219,105

  • 16 · Occupancy

    total $23,501,021

  • 17 · Travel

    total $23,466

  • 19 · Conferences, conventions and meetings

    total $992

  • 22 · Depreciation, depletion and amortization

    total $21,542,741

  • 23 · Insurance

    total $324,186

  • 24a · Other expenses: Repairs and Maintenance Services

    total $7,658,277

  • 24b · Other expenses: Allocated Wages, Employee Benefits, and Payroll Taxes

    total $3,423,168

  • 24c · Other expenses: Maintenance and Service Supplies

    total $518,656

  • 24d · Other expenses: Hazardous Materials Management

    total $89,153

  • 24e · All other expenses

    total $3,627

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $2,482,929 · end of year $3,275,035

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $816,625 · end of year $486,631

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

    $1,001,421,406

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

    $166,043,760

  • 10c · Land, buildings and equipment, net

    beginning of year $779,113,211 · end of year $835,377,646

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $30,006,429 · end of year $28,658,020

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,381,354 · end of year $16,785,825

  • 19 · Deferred revenue

    beginning of year $443,033 · end of year $40,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $31,741,010 · end of year $30,731,078

  • 27 · Net assets without donor restrictions

    beginning of year $745,853,797 · end of year $820,240,429

Mission and programs · 2023

Mission

To maintain and manage property for OhioHealth Corporation. The mission of OhioHealth Corporation is to 'Improve the health of those we serve.'

  • MAINTAIN AND MANAGE PROPERTY FOR OHIOHEALTH CORPORATION, A RELATED 501(c)(3) ORGANIZATION TO ENABLE THE HOSPITAL TO ACCOMPLISH THE EXEMPT PURPOSE OF PROVIDING HEALTH CARE SERVICES TO THEIR COMMUNITY.

As filed on the 2023 return.

Listed in Part VII

  • Browning Mike P

    Sr. VP and CFO/Board

    Total calculated
    $1,886,528
    From this org
    $0
    From related orgs
    $1,837,516
    Other
    $49,012
    Hours/week
    1 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $769,687 related
    Bonus
    $0 + $1,058,497 related
    Other
    $0 + $9,332 related
    Deferred
    $0 + $18,860 related
    Nontaxable benefits
    $0 + $30,152 related
    Filer's total
    $0 + $1,886,528 related

  • McWhorter John

    Sr. VP and COO/Board

    Total calculated
    $1,170,807
    From this org
    $0
    From related orgs
    $1,123,555
    Other
    $47,252
    Hours/week
    1 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $44,022 related
    Bonus
    $0 + $1,070,200 related
    Other
    $0 + $9,333 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $27,452 related
    Filer's total
    $0 + $1,170,807 related

  • Meldrum Terri W Esq

    Sr. VP General Counsel & Secretary/Board

    Total calculated
    $1,699,505
    From this org
    $0
    From related orgs
    $1,501,531
    Other
    $197,974
    Hours/week
    1 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $711,398 related
    Bonus
    $0 + $717,636 related
    Other
    $0 + $72,497 related
    Deferred
    $0 + $163,554 related
    Nontaxable benefits
    $0 + $34,420 related
    Filer's total
    $0 + $1,699,505 related

  • Markovich Stephen E MD

    CEO/President

    Total calculated
    $11,856,375
    From this org
    $0
    From related orgs
    $11,774,798
    Other
    $81,577
    Hours/week
    1 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,850,364 related
    Bonus
    $0 + $3,659,469 related
    Other
    $0 + $6,264,965 related
    Deferred
    $0 + $51,607 related
    Nontaxable benefits
    $0 + $29,970 related
    Filer's total
    $0 + $11,856,375 related

  • Porembski Chester P Esq

    FRM Secretary

    Total calculated
    $481,333
    From this org
    $0
    From related orgs
    $398,229
    Other
    $83,104
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,450 related
    Bonus
    $0 + $132,493 related
    Other
    $0 + $12,286 related
    Deferred
    $0 + $51,350 related
    Nontaxable benefits
    $0 + $31,754 related
    Filer's total
    $0 + $481,333 related

  • Yates Vinson M

    FRM CFO

    Total calculated
    $1,062,701
    From this org
    $0
    From related orgs
    $987,971
    Other
    $74,730
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $447,821 related
    Bonus
    $0 + $519,523 related
    Other
    $0 + $20,627 related
    Deferred
    $0 + $51,563 related
    Nontaxable benefits
    $0 + $23,167 related
    Filer's total
    $0 + $1,062,701 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

  • 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The Parent Corporation (a related organization) used the following methods to establish the compensation of the President for Hospital Properties, Inc. - Compensation committee - Independent compensation consultant - Form 990 of other organizations - Compensation survey or study - Approval by the board or compensation committee
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
LINE 4B: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN ELIGIBLE EXECUTIVES LISTED IN THE FORM 990 PART VII PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED PLAN. THESE ARRANGEMENTS ARE AN INDUSTRY STANDARD AND ARE UNFUNDED. DUE TO THE SUBSTANTIAL RISK OF FORFEITURE PROVISION, THERE IS NO GUARANTEE THAT THESE OFFICERS WILL EVER RECEIVE THESE BENEFITS. AMOUNTS FOR THESE ARRANGEMENTS ARE INCLUDED IN THE DEFERRED COMPENSATION AMOUNT. SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN PAYMENTS WERE MADE DURING THE YEAR TO THE FOLLOWING LISTED PERSONS IN PART VII: - Stephen Markovich: $4,650,180 IN ADDITION, THE ORGANIZATION PROVIDES A SPLIT-DOLLAR LIFE INSURANCE PLAN TO ITS EXECUTIVES AND PHYSICIANS FROM WHICH NO CASH PAYMENTS WERE MADE DURING THE YEAR TO ANY LISTED PERSONS IN PART VII.

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.

  • NWEP Ltd

    Real Estate Holding Company · OH · income $0 · assets $0

    Directly controlled by Hospital Properties Inc

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Central Ohio Surgical Institute LLC

    N/A · Medical Services · OH

    Directly controlled by NA

  • DUBLIN SURGERY CENTER

    N/A · MEDICAL SERVICES · OH

    Directly controlled by NA

  • Executive Imaging LLC

    N/A · Medical Imaging · OH

    Directly controlled by NA

  • Grant Scope Center LLC

    N/A · Endoscopy Services · OH

    Directly controlled by NA

  • OhioHealth Rehabilitation Hospital LLC (OHRH LLC)

    N/A · Medical Services · PA

    Directly controlled by NA

  • OhioHealth Sleep Services LLC

    N/A · Physician Practice · OH

    Directly controlled by NA

  • Polaris Surgery Center LLC

    N/A · Medical Services · OH

    Directly controlled by NA

  • Upper Arlington Medical Limited Partnership

    N/A · Medical Services · OH

    Directly controlled by NA

  • Westerville Endoscopy Center LLC

    N/A · Endoscopy Services · OH

    Directly controlled by NA

  • Surgery Centers of Ohio LLC

    N/A · Medical Services · DE

    Directly controlled by NA

  • KNIGHTSBRIDGE SURGERY CENTER LTD

    N/A · MEDICAL SERVICES · OH

    Directly controlled by NA

  • VAN WERT COUNTY HOSPITAL PAIN MANAGEMENT LLC

    N/A · MEDICAL SERVICES · OH

    Directly controlled by NA

  • New Horizons Surgery Center

    N/A · Medical Services · OH

    Directly controlled by NA

  • OH Independent Medical Group LLC

    N/A · MEDICAL SERVICES · OH

    Directly controlled by NA

  • Compassus OhioHealth Holdings LLC

    N/A · Hospice Holdings · OH

    Directly controlled by NA

Related corporations and trusts

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

  • COMMUNITY CARE SYSTEMS INC

    C Corporation · INACTIVE · OH

    Directly controlled by NA

  • GUERNSEY HEALTH ENTERPRISES INC

    C Corporation · Ambulance Services · OH

    Directly controlled by NA

  • HardinCare Inc

    C Corporation · Property Management · OH

    Directly controlled by NA

  • Intel Health Svcs Ins Co (SPC) Ltd

    C Corporation · Insurance/Reinsurance · CJ

    Directly controlled by OhioHealth Corporation

  • OhioHealth Star Corporation

    C Corporation · Administrative Services · OH

    Directly controlled by OhioHealth Corporation

  • OHIOHEALTHY HEALTH INSURING CORPORATION

    C Corporation · INSURANCE COMPANY · OH

    Directly controlled by OHIOHEALTHY MEDICAL PLAN INC

  • OHIOHEALTHY INSURANCE COMPANY

    C Corporation · INSURANCE COMPANY · OH

    Directly controlled by OHIOHEALTHY MEDICAL PLAN INC

  • OHIOHEALTHY MEDICAL PLAN INC

    C Corporation · MEDICAL INSURANCE · OH

    Directly controlled by OHIOHEALTH CORPORATION

  • OHIOHEALTHY PLANS LLC

    C Corporation · INSURANCE COMPANY · OH

    Directly controlled by OHIOHEALTHY MEDICAL PLAN INC

  • UNITED AMBULANCE SERVICE OF CAMBRIDGE INC

    C Corporation · Ambulance Services · OH

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511349349310351

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