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Nonprofiteer
← LANCASTER PATIENT CARE CENTER

Form 990 for tax year 2024

Filed by LANCASTER PATIENT CARE CENTER.

Totals

Total revenue
$179,000
Total expenses
$593,318
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$179,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$11,676,019
Total liabilities, end of year
$13,499,178
Net assets or fund balances, end of year
-$1,823,159
Program services expenses (Part IX)
$543,543
Management and general expenses
$49,775
Fundraising expenses
$0
Program service expenses (Part III)
$543,543

Program services were 91.6% 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 $179,000 · related or exempt $179,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $49,750 · management and general $49,750

  • 20 · Interest

    total $218,390 · program services $218,390

  • 22 · Depreciation, depletion and amortization

    total $325,153 · program services $325,153

  • 24e · All other expenses

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $208,595 · end of year $207,003

  • 2 · Savings and temporary cash investments

    beginning of year $256,236 · end of year $206,486

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

    $13,006,122

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

    $1,788,342

  • 10c · Land, buildings and equipment, net

    beginning of year $11,542,934 · end of year $11,217,780

  • 15 · Other assets

    beginning of year $0 · end of year $44,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $1

  • 23 · Secured mortgages and notes payable

    beginning of year $13,416,605 · end of year $13,499,177

  • 27 · Net assets without donor restrictions

    beginning of year -$1,408,840 · end of year -$1,823,159

Mission and programs · 2024

Mission

LANCASTER PATIENT CARE CENTER (THE "CORPORATION") IS ORGANIZED AND SHALL ALWAYS BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF WEEKS MEDICAL CENTER ("WMC"), A NEW HAMPSHIRE NONPROFIT CORPORATION, ALL IN FURTHERANCE OF CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING.

Activities or mission (Part I)

A SUPPORTING ORGANIZATION OF WEEKS MEDICAL CENTER CREATED AS A REQUIREMENT OF NEW MARKET TAX CREDIT FINANCING FOR THE BUILDING OF A REPLACEMENT PHYSICIAN OFFICE FOR WEEKS MEDICAL CENTER PROVIDERS.

  • THE ORGANIZATION IS SUPPORTING WEEKS MEDICAL CENTER BY OBTAINING FINANCING FOR THE BUILDING OF A 45,310 SQUARE FOOT PHYSICIAN OFFICE BUILDING THROUGH A NEW MARKET TAX CREDIT STRUCTURE. FINANCING WAS EXECUTED ON NOVEMBER 14, 2018. WEEKS MEDICAL CENTER IS LEASING THE SPACE FROM LPCC AS OF DECEMBER 2019. THE FINANCING STRUCTURE WILL REMAIN INTACT FOR AT LEAST SEVEN YEARS, PER THE NEW MARKET TAX CREDIT REGULATIONS. THE PROJECT STARTED IN FISCAL YEAR 2019 AND WAS COMPLETED IN FISCAL YEAR 2020.

    Expenses $543,543 · Revenue $179,000

As filed on the 2024 return.

Listed in Part VII

  • Matthew Streeter

    CHAIR & SYSTEM CFO/INTERIM CEO WMC

    Total calculated
    $475,130
    From this org
    $0
    From related orgs
    $433,138
    Other
    $41,992
    Hours/week
    0.5 + 45.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $347,286 related
    Bonus
    $0 + $84,876 related
    Other
    $0 + $976 related
    Deferred
    $0 + $10,166 related
    Nontaxable benefits
    $0 + $31,826 related
    Filer's total
    $0 + $475,130 related

  • Lisa Tetreault

    SECRETARY

    Total calculated
    $110,348
    From this org
    $0
    From related orgs
    $88,888
    Other
    $21,460
    Hours/week
    1 + 39 related

  • David Hill

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Desrochers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jon Freeman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Mee

    SYSTEM CEO

    Total calculated
    $914,058
    From this org
    $0
    From related orgs
    $868,962
    Other
    $45,096
    Hours/week
    0.5 + 45.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $634,794 related
    Bonus
    $0 + $219,715 related
    Other
    $0 + $14,453 related
    Deferred
    $0 + $6,032 related
    Nontaxable benefits
    $0 + $39,064 related
    Filer's total
    $0 + $914,058 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
NORTH COUNTRY HEALTHCARE, A RELATED ORGANIZATION, USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL OF THE FILING ORGANIZATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
THOMAS MEE, SYSTEM CEO, PARTICIPATED IN A 457(F) PLAN ADMINISTERED BY NORTH COUNTRY HEALTHCARE, A RELATED ORGANIZATION. THERE WERE NO CONTRIBUTIONS OR DISTRIBUTIONS IN 2024.

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
2024
Filed
17 August 2026
IRS schema version
2024v5.5
Source object
202612299349303051

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