Skip to content
Nonprofiteer
← WOOD COUNTY MEDICAL BUILDING INC

Form 990 for tax year 2023

Filed by WOOD COUNTY MEDICAL BUILDING INC.

Totals

Total revenue
$1,090,769
Total expenses
$1,147,546
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,086,856
Investment income
$0
Other revenue
$3,913
Total assets, end of year
$192,628
Total liabilities, end of year
$331,810
Net assets or fund balances, end of year
-$139,182
Program services expenses (Part IX)
$1,147,546
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,147,546

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: OFFICE RENT

    total $1,086,856 · related or exempt $1,086,856

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,913 · related or exempt $3,913

  • 11e · Other revenue, total

    $3,913

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $272 · program services $272

  • 16 · Occupancy

    total $1,147,274 · program services $1,147,274

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$82,405 · end of year $30,792

  • 2 · Savings and temporary cash investments

    end of year $160,091

  • 4 · Accounts receivable

    end of year $1,745

  • 17 · Accounts payable and accrued expenses

    end of year $331,810

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$82,405 · end of year -$139,182

Mission and programs · 2023

Mission

TO PROVIDE MEDICAL OFFICES TO APPROXIMATELY 65 PHYSICIANS WHO PROVIDE A WIDE VARIETY OF MEDICAL SERVICES TO THE GENERAL PUBLIC.

Activities or mission (Part I)

TO PROVIDE MEDICAL OFFICE SPACE FOR PHYSICIANS WHO PROVIDE A WIDE VARIETY OF MEDICAL SERVICES TO THE GENERAL PUBLIC

  • RENT CHARGED TO PHYSICIAN TENANTS IS BASED UPON PREVAILING RATES IN THE AREA. TOTAL EXPENSES RELATES TO DIRECT COSTS OF OPERATING THE BUILDING AND KEEPING IT APPROPRIATELY MAINTAINED FOR USE AS MEDICAL OFFICES.

    Expenses $1,147,546 · Revenue $1,090,769

As filed on the 2023 return.

Listed in Part VII

  • Michael Lemon MD

    PRESIDENT

    Total calculated
    $360,724
    From this org
    $0
    From related orgs
    $310,057
    Other
    $50,667
    Hours/week
    0.3

    Schedule J breakdown matched by us

    Base
    $0 + $310,057 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $20,667 related
    Filer's total
    $0 + $360,724 related

  • Carlos Gomez MD

    BOARD MEMBER

    Total calculated
    $815,495
    From this org
    $0
    From related orgs
    $764,828
    Other
    $50,667
    Hours/week
    0.3

    Schedule J breakdown matched by us

    Base
    $0 + $764,828 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $20,667 related
    Filer's total
    $0 + $815,495 related

  • George Hebeka DDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Stanley Korducki

    VICE PRESIDENT

    Total calculated
    $530,015
    From this org
    $0
    From related orgs
    $456,848
    Other
    $73,167
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $456,848 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $52,500 related
    Nontaxable benefits
    $0 + $20,667 related
    Filer's total
    $0 + $530,015 related

  • Karol Bortel

    SECRETARY/TREASURER

    Total calculated
    $299,672
    From this org
    $0
    From related orgs
    $249,005
    Other
    $50,667
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,005 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $20,667 related
    Filer's total
    $0 + $299,672 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

The filer's explanations (Part III)

PART I, LINE 3
A RELATED ORGANIZATION, WOOD COUNTY HOSPITAL ASSOCIATION, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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
7 November 2024
IRS schema version
2023v5.1
Source object
202433129349303383

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.