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← GMH PROPERTY HOLDINGS INC

Form 990 for tax year 2023

Filed by GMH PROPERTY HOLDINGS INC.

Totals

Total revenue
$842,544
Total expenses
$393,609
Contributions and grants received
$831,300
Grants paid
$0
Program service revenue
$0
Investment income
$11,124
Other revenue
$120
Total assets, end of year
$5,881,949
Total liabilities, end of year
$85,733
Net assets or fund balances, end of year
$5,796,216
Program services expenses (Part IX)
$332,678
Management and general expenses
$40,078
Fundraising expenses
$20,853
Program service expenses (Part III)
$332,678

Program services were 84.5% 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

    $831,300

  • 3 · Investment income

    total $11,124 · excluded $11,124

  • 11a · Other revenue: Miscellaneous

    total $120 · excluded $120

  • 11e · Other revenue, total

    $120

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,725 · management and general $3,725

  • 11g · Fees: other

    total $16,829 · program services $16,829

  • 22 · Depreciation, depletion and amortization

    total $340,824 · program services $296,517 · management and general $27,266 · fundraising $17,041

  • 24a · Other expenses: Service Agreement

    total $28,891 · program services $16,468 · management and general $8,667 · fundraising $3,756

  • 24b · Other expenses: Miscellaneous Expenses

    total $3,340 · program services $2,864 · management and general $420 · fundraising $56

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $74,563 · end of year $24,472

  • 2 · Savings and temporary cash investments

    end of year $636,420

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

    $6,765,333

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

    $1,544,276

  • 10c · Land, buildings and equipment, net

    beginning of year $5,314,975 · end of year $5,221,057

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,257 · end of year $85,733

  • 27 · Net assets without donor restrictions

    beginning of year $5,347,281 · end of year $5,577,676

  • 28 · Net assets with donor restrictions

    end of year $218,540

Mission and programs · 2023

Mission

The mission of the organization is to support the exempt purposes of Grace Medical Home, Inc., a public charity under Section 501(c)(3) of the Internal Revenue Code.

Activities or mission (Part I)

The Organization provides supporting services to Grace Medical Home, Inc., a public charity under Section 501(c)(3) of the Internal Revenue Code, by holding and managing real property for use by Grace Medical Home in its exempt activities.

  • The Organization provides supporting services to Grace Medical Home, Inc., a public charity under Section 501(c)(3) of the Internal Revenue Code, by holding and managing real property for use by Grace Medical Home in its exempt activities. The Organization owns property, including real property, tangible and intangible property, to be operated, invested and otherwise used for the benefit of or on behalf of the Supported Organization.

    Expenses $332,678

As filed on the 2023 return.

Listed in Part VII

  • Blake Hostetter

    Treasurer/Director

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Rick Fletcher

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Christine Stewart

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Stephanie Garris

    President & Secretary

    Total calculated
    $169,599
    From this org
    $0
    From related orgs
    $140,116
    Other
    $29,483
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,116 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,288 related
    Nontaxable benefits
    $0 + $27,195 related
    Filer's total
    $0 + $169,599 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 · Compensation committee
  • 3 · Compensation survey or study
  • 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.

  • Grace Medical Home Inc

    501(c)(3) · To reflect Christ by offering medical care to those who need it most · FL

    Directly controlled by Grace Medical Nominating Trust

  • Grace Medical Home Foundation Inc

    501(c)(3) · The Organization provides supporting services to Grace Medical Home, Inc. · FL · controlled entity

    Directly controlled by Grace Medical Nominating Trust

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 corporations and trusts

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

  • Grace Medical Nominating Trust

    T · Appointing and removing the filing Organization's board members · FL

Provenance

Return type
form_990
Tax year
2023
Filed
21 October 2024
IRS schema version
2023v5.1
Source object
202423049349301237

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