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Nonprofiteer
← MEDSTONE REALTY COMPANY LLC

Form 990 for tax year 2022

Filed by MEDSTONE REALTY COMPANY LLC.

Totals

Total revenue
$1,621,289
Total expenses
$1,399,016
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,621,289
Investment income
$0
Other revenue
$0
Total assets, end of year
$20,809,632
Total liabilities, end of year
$19,353,305
Net assets or fund balances, end of year
$1,456,327
Program services expenses (Part IX)
$1,399,016
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,399,016

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $1,041,681 · related or exempt $1,041,681

  • 2b · Program service revenue: REAL ESTATE TAX RECOVE

    total $579,608 · related or exempt $579,608

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $819,408 · program services $819,408

  • 24a · Other expenses: REAL ESTATE TAXES

    total $579,608 · program services $579,608

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $897 · end of year $893

  • 4 · Accounts receivable

    beginning of year $589,980 · end of year $589,980

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

    $25,920,201

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

    $5,701,442

  • 10c · Land, buildings and equipment, net

    beginning of year $21,038,165 · end of year $20,218,759

  • 17 · Accounts payable and accrued expenses

    beginning of year $590,290 · end of year $590,290

  • 19 · Deferred revenue

    beginning of year $19,804,696 · end of year $18,763,015

  • 27 · Net assets without donor restrictions

    beginning of year $1,234,056 · end of year $1,456,327

Mission and programs · 2022

Mission

ENGAGE IN ACQUIRING LAND FOR THE CONSTRUCTION AND DEVELOPMENT OF A NEW AMBULATORY CARE MEDICAL FACILITY IN UPPER ARLINGTON AT THE KINGSDALE SHOPPING CENTER LOCATION

Activities or mission (Part I)

THE ORGANIZATION WAS FORMED TO ENGAGE IN ACQUIRING LAND FOR THE CONSTRUCTION AND DEVELOPMENT OF A NEW AMBULATORY CARE MEDICAL FACILITY IN UPPER ARLINGTON AT THE KINGSDALE SHOPPING CENTER LOCATION

  • ACQUIRED LAND FOR THE CONSTRUCTION AND DEVELOPMENT OF A NEW AMBULATORY CARE MEDICAL FACILITY IN UPPER ARLINGTON AT THE KINGSDALE SHOPPING CENTER LOCATION

    Expenses $1,399,016 · Revenue $1,621,289

As filed on the 2022 return.

Listed in Part VII

  • Jack Kasey

    CHAIRMAN

    Total calculated
    $922,499
    From this org
    $0
    From related orgs
    $825,416
    Other
    $97,083
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $392,576 related
    Bonus
    $0 + $334,184 related
    Other
    $0 + $98,656 related
    Deferred
    $0 + $78,085 related
    Nontaxable benefits
    $0 + $18,998 related
    Filer's total
    $0 + $922,499 related

  • Melissa Shivers

    DIRECTOR

    Total calculated
    $505,418
    From this org
    $0
    From related orgs
    $438,779
    Other
    $66,639
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $306,164 related
    Bonus
    $0 + $100,789 related
    Other
    $0 + $31,826 related
    Deferred
    $0 + $57,050 related
    Nontaxable benefits
    $0 + $9,589 related
    Filer's total
    $0 + $505,418 related

  • Amy Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • David Frantz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Tom Katzenmeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Mike Papadakis

    DIRECTOR

    Total calculated
    $793,269
    From this org
    $0
    From related orgs
    $668,359
    Other
    $124,910
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $616,761 related
    Bonus
    $0 + $18,662 related
    Other
    $0 + $32,936 related
    Deferred
    $0 + $96,175 related
    Nontaxable benefits
    $0 + $28,735 related
    Filer's total
    $0 + $793,269 related

  • Christie Angel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Amanda Hoffsis

    CEO

    Total calculated
    $273,106
    From this org
    $0
    From related orgs
    $218,155
    Other
    $54,951
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $192,135 related
    Bonus
    $0
    Other
    $0 + $26,020 related
    Deferred
    $0 + $26,311 related
    Nontaxable benefits
    $0 + $28,640 related
    Filer's total
    $0 + $273,106 related

  • Matthew Hansen

    PRESIDENT

    Total calculated
    $127,209
    From this org
    $0
    From related orgs
    $103,259
    Other
    $23,950
    Hours/week
    1

  • Jake Wozniak

    TREASURER

    Total calculated
    $498,966
    From this org
    $0
    From related orgs
    $424,238
    Other
    $74,728
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $295,661 related
    Bonus
    $0 + $68,627 related
    Other
    $0 + $59,950 related
    Deferred
    $0 + $55,813 related
    Nontaxable benefits
    $0 + $18,915 related
    Filer's total
    $0 + $498,966 related

  • Heidi McCabe

    SECRETARY

    Total calculated
    $300,802
    From this org
    $0
    From related orgs
    $252,880
    Other
    $47,922
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $208,723 related
    Bonus
    $0 + $17,770 related
    Other
    $0 + $26,387 related
    Deferred
    $0 + $30,018 related
    Nontaxable benefits
    $0 + $17,904 related
    Filer's total
    $0 + $300,802 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

None.

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.

  • CAMPUS PARTNERS FOR COMMUNITY URBAN REDEVELOPMENT

    501(C)3 · THE REDEVELOPMENT OF THE AREA SURROUNDING THE OHIO STATE UNIVERSITY · OH

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202421309349304727

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