Skip to content
Nonprofiteer
← GREATER BALTIMORE MEDICAL CENTER LAND CORPORATION

Form 990 for tax year 2022

Filed by GREATER BALTIMORE MEDICAL CENTER LAND CORPORATION.

Totals

Total revenue
$2,721,637
Total expenses
$4,866,276
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,721,637
Investment income
$0
Other revenue
$0
Total assets, end of year
$19,764,407
Total liabilities, end of year
$20,009,912
Net assets or fund balances, end of year
-$245,505
Program services expenses (Part IX)
$4,738,468
Management and general expenses
$127,808
Fundraising expenses
$0
Program service expenses (Part III)
$4,738,468

Program services were 97.4% 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: PROPERTY MANAGEMENT

    total $2,669,961 · related or exempt $2,669,961

  • 2b · Program service revenue: PARKING REVENUE

    total $51,676 · related or exempt $51,676

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $46,889 · program services $46,889

  • 8 · Pension plan contributions

    total $1,066 · program services $1,066

  • 9 · Other employee benefits

    total $21,280 · program services $21,280

  • 10 · Payroll taxes

    total $3,717 · program services $3,717

  • 11a · Fees: management

    total $63,608 · management and general $63,608

  • 11c · Fees: accounting

    total $13,776 · management and general $13,776

  • 11g · Fees: other

    total $324,003 · program services $324,003

  • 13 · Office expenses

    total $24,225 · program services $24,225

  • 16 · Occupancy

    total $3,684,274 · program services $3,684,274

  • 22 · Depreciation, depletion and amortization

    total $462,553 · program services $462,553

  • 24a · Other expenses: EQUIP MAINT CONTRACTS

    total $90,842 · program services $90,842

  • 24b · Other expenses: OVERHEAD

    total $50,424 · management and general $50,424

  • 24c · Other expenses: BUILDING REPAIRS

    total $48,770 · program services $48,770

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $24,992 · program services $24,992

  • 24e · All other expenses

    total $5,857 · program services $5,857

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $211,829 · end of year $145,385

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $15,710

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

    $5,962,763

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

    $3,869,393

  • 10c · Land, buildings and equipment, net

    beginning of year $2,531,040 · end of year $2,093,370

  • 14 · Intangible assets

    beginning of year $115,928 · end of year $91,037

  • 15 · Other assets

    beginning of year $19,422,818 · end of year $17,418,905

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,408 · end of year $43,646

  • 25 · Other liabilities

    beginning of year $20,325,073 · end of year $19,966,266

  • 27 · Net assets without donor restrictions

    beginning of year $1,899,134 · end of year -$245,505

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

ACQUIRE, HOLD TITLE, LEASE, OPERATE, DEVELOP, AND COLLECT INCOME FROM PROPERTY FOR GBMC HEALTHCARE, INC. AND GBMC, INC.

  • GBMC LAND LEASED; PROVIDED FOR THE MANAGEMENT, OPERATION AND DEVELOPMENT OF; AND COLLECTED INCOME FROM PHYSICIAN PAVILION NORTH.

    Expenses $4,738,468 · Revenue $2,721,637

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John B Chessare MD

    DIRECTOR/CEO GBMC HEALTHCARE

    Total calculated
    $1,269,624
    From this org
    $0
    From related orgs
    $1,221,701
    Other
    $47,923
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $859,603 related
    Bonus
    $0 + $119,814 related
    Other
    $0 + $242,284 related
    Deferred
    $0 + $15,550 related
    Nontaxable benefits
    $0 + $32,373 related
    Filer's total
    $0 + $1,269,624 related

  • Ms Laurie R Beyer

    EVP & CFO GBMC HEALTHCARE

    Total calculated
    $697,896
    From this org
    $0
    From related orgs
    $569,499
    Other
    $128,397
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $440,297 related
    Bonus
    $0 + $120,767 related
    Other
    $0 + $8,435 related
    Deferred
    $0 + $78,618 related
    Nontaxable benefits
    $0 + $49,779 related
    Filer's total
    $0 + $697,896 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
  • 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
GREATER BALTIMORE MEDICAL CENTER LAND CORPORATION RELIED ON ITS PARENT, GBMC HEALTHCARE, INC., TO SET COMPENSATION FOR GBMC'S PRESIDENT. GBMC HEALTHCARE, INC. USED A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, A WRITTEN EMPLOYMENT CONTRACT, A COMPENSATION SURVEY OR STUDY, AND AN APPROVAL BY A COMPENSATION COMMITTEE TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.
PART I, LINE 4B
GBMC HEALTHCARE HAS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN. THIS PLAN WAS APPROVED BY THE COMPENSATION COMMITTEE OF THE GBMC HEALTHCARE BOARD OF DIRECTORS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. THE SUPPLEMENTAL RETIREMENT PLAN WAS DEVELOPED BASED ON AN INDEPENDENT CONSULTANT REPORT ON MARKET-BASED PRACTICES FOR SUPPLEMENTAL RETIREMENT PLANS. THE PERCENTAGE OF FINAL AVERAGE PAY, THE REQUIREMENTS FOR VESTING, PARTICIPANTS, AND PAY-OUT PROVISIONS WERE ESTABLISHED, REVIEWED, AND APPROVED BY THE COMPENSATION COMMITTEE. THE CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C) OR IN SCHEDULE J, PART II, COLUMN B(III) AS PART OF DEFERRED COMPENSATION. JOHN B. CHESSARE, M.D. AND MS. LAURIE R. BEYER PARTICIPATED IN THIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THE AMOUNTS PAID OUT OF THIS PLAN IN 2022 WERE AS FOLLOWS: JOHN B. CHESSARE, M.D. - $224,651

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.

Related partnerships

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

  • GBMC PAVILION WEST MEDICAL ARTS LLC

    REAL ESTATE MANAGMENT · MD

  • GBMC-WP-PT LLC

    PHYSICAL THERAPY · MD

Related corporations and trusts

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

  • GBMC AGENCY INC

    C · INVESTMENTS · MD

  • RUXTON INSURANCE COMPANY

    C · INSURANCE CAPTIVE · BD

Provenance

Return type
form_990
Tax year
2022
Filed
9 April 2024
IRS schema version
2022v5.0
Source object
202431019349302353

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.