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Nonprofiteer
← H H HOLDINGS INC

Form 990 for tax year 2023

Filed by H H HOLDINGS INC.

Totals

Total revenue
$14,602,964
Total expenses
$18,350
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$13,584,875
Other revenue
$1,018,089
Total assets, end of year
$222,539,450
Total liabilities, end of year
$6,873,800
Net assets or fund balances, end of year
$215,665,650
Program services expenses (Part IX)
$18,350
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$18,350

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.

  • 3 · Investment income

    total $13,584,875 · excluded $13,584,875

  • 6a · Gross rents

    real property $1,597,547

  • 6b · Less rental expenses

    real property $808,814

  • 6c · Rental income or loss

    real property $788,733

  • 6d · Net rental income or loss

    total $788,733 · related or exempt $788,733

  • 11a · Other revenue: OTHER REV-MISC

    total $225,944 · related or exempt $225,944

  • 11b · Other revenue: OTHER MISC REVENUE

    total $3,412 · related or exempt $3,412

  • 11e · Other revenue, total

    $229,356

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $7,320 · program services $7,320

  • 24a · Other expenses: OTHER DIRECT EXPENSES

    total $9,240 · program services $9,240

  • 24b · Other expenses: ASSOCIATION FEES

    total $1,790 · program services $1,790

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,649,276 · end of year $1,304,222

  • 4 · Accounts receivable

    beginning of year $1,872 · end of year $16,600

  • 7 · Other notes and loans receivable

    beginning of year $307,713 · end of year $1,593,724

  • 9 · Prepaid expenses and deferred charges

    beginning of year $64,976 · end of year $83,965

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

    $33,465,294

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

    $15,311,822

  • 10c · Land, buildings and equipment, net

    beginning of year $17,473,365 · end of year $18,153,472

  • 11 · Investments: publicly traded securities

    beginning of year $174,534,887 · end of year $193,654,509

  • 14 · Intangible assets

    beginning of year $108,880 · end of year $91,226

  • 15 · Other assets

    beginning of year $3,497,370 · end of year $7,641,732

  • 19 · Deferred revenue

    beginning of year $33,073 · end of year $33,073

  • 25 · Other liabilities

    beginning of year $524,230 · end of year $6,840,727

  • 31 · Retained earnings, endowment or other funds

    beginning of year $201,081,036 · end of year $215,665,650

Mission and programs · 2023

Mission

HH HOLDINGS (THE CORPORATION)IS A SUPPORTING ORGANIZATION FOR HALIFAX HOSPITAL MEDICAL CENTER D/B/A HALIFAX HEALTH (EIN: 59-6001217). THE CORPORATION IS FORMED FOR THE SPECIFIC PURPOSE OF PROVIDING HEALTH CARE SERVICES AND ESTABLISHING HEALTH CARE FACILITIES IN THE COMMUNITY ON ITS OWN, AND IN CONJUNCTION WITH OTHERS, IN ORDER TO EFFECTIVELY MEET THE NEEDS OF THE COMMUNITY SERVED BY HALIFAX HEALTH. IN THAT MANNER, THE CORPORATION WILL SERVE TO PROMOTE THE GENERAL HEALTH OF THE CITIZENS OF THE DISTRICT.

  • HH HOLDINGS INVESTS APPROXIMATELY 175 MILLION OF CASH AND INVESTMENTS AS WELL AS MANAGES VARIOUS STRATEGICALLY LOCATED PROPERTIES WITH A COMBINED BOOK VALUE OF APPROXIMATELY 17 MILLION.

    Expenses $18,350

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carl Lentz III MD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Glenn Ritchey

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Harold Goodemote

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tom McCall

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alan Florez

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Munier MD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Feasel

    CHIEF EXEC.

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202502279349302715

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