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Nonprofiteer
← G S PROPERTIES INC

Form 990 for tax year 2022

Filed by G S PROPERTIES INC.

Totals

Total revenue
$2,137,137
Total expenses
$1,422,497
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,039,415
Investment income
$0
Other revenue
$1,097,722
Total assets, end of year
$1,731,280
Total liabilities, end of year
$91,810
Net assets or fund balances, end of year
$1,639,470
Program services expenses (Part IX)
$729,084
Management and general expenses
$693,413
Fundraising expenses
$0
Program service expenses (Part III)
$729,084

Program services were 51.3% 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 $1,039,415 · related or exempt $1,039,415

  • 11a · Other revenue: OPERATING EXPENSE RECOVERY

    total $1,097,722 · excluded $1,097,722

  • 11e · Other revenue, total

    $1,097,722

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $276,385 · management and general $276,385

  • 11g · Fees: other

    total $232,567 · management and general $232,567

  • 13 · Office expenses

    total $55,450 · management and general $55,450

  • 22 · Depreciation, depletion and amortization

    total $115,781 · program services $115,781

  • 23 · Insurance

    total $9,022 · management and general $9,022

  • 24a · Other expenses: UTILITIES

    total $373,768 · program services $373,768

  • 24b · Other expenses: MAINTENANCE

    total $239,535 · program services $239,535

  • 24e · All other expenses

    total $119,989 · management and general $119,989

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $15,599 · end of year $1,298

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

    $11,380,595

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

    $9,650,613

  • 10c · Land, buildings and equipment, net

    beginning of year $1,845,763 · end of year $1,729,982

  • 15 · Other assets

    beginning of year $68,457 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $138,273 · end of year $89,061

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,749

  • 27 · Net assets without donor restrictions

    beginning of year $1,791,546 · end of year $1,639,470

Mission and programs · 2022

Mission

MANAGEMENT OF HEALTH CARE FACILITIES USED BY GOOD SAMARITAN HOSPITAL.

  • GS PROPERTIES, INC. PROVIDES MANAGEMENT OF REAL PROPERTY FACILITIES USED BY GOOD SAMARITAN HOSPITAL FOR THE PROVISION OF HEALTH CARE. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES.

    Expenses $729,084 · Revenue $1,039,415

As filed on the 2022 return.

Listed in Part VII

  • Bradley Chambers

    PRESIDENT/DIRECTOR

    Total calculated
    $1,687,034
    From this org
    $0
    From related orgs
    $1,630,034
    Other
    $57,000
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $855,645 related
    Bonus
    $0 + $774,389 related
    Other
    $0
    Deferred
    $0 + $23,845 related
    Nontaxable benefits
    $0 + $33,155 related
    Filer's total
    $0 + $1,687,034 related

  • Eric Wagner

    VP/DIRECTOR

    Total calculated
    $1,979,814
    From this org
    $0
    From related orgs
    $1,910,893
    Other
    $68,921
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $924,688 related
    Bonus
    $0 + $986,205 related
    Other
    $0
    Deferred
    $0 + $33,421 related
    Nontaxable benefits
    $0 + $35,500 related
    Filer's total
    $0 + $1,979,814 related

  • Oliver M Johnson II

    SECRETARY

    Total calculated
    $1,904,904
    From this org
    $0
    From related orgs
    $1,863,212
    Other
    $41,692
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $921,230 related
    Bonus
    $0 + $941,982 related
    Other
    $0
    Deferred
    $0 + $8,700 related
    Nontaxable benefits
    $0 + $32,992 related
    Filer's total
    $0 + $1,904,904 related

  • Mark Meginnis

    VP/TREASURER

    Total calculated
    $524,514
    From this org
    $0
    From related orgs
    $470,768
    Other
    $53,746
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,397 related
    Bonus
    $0 + $150,371 related
    Other
    $0
    Deferred
    $0 + $33,946 related
    Nontaxable benefits
    $0 + $19,800 related
    Filer's total
    $0 + $524,514 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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)

SCHEDULE J, PART III:
BRADLEY CHAMBERS' COMPENSATION IS FOR SERVICES PROVIDED AS PRESIDENT AT BOTH MEDSTAR GOOD SAMARITAN HOSPITAL AND MEDSTAR UNION MEMORIAL HOSPITAL. MARK MEGINNIS' COMPENSATION IS FOR SERVICES PROVIDED AS CFO TO MEDSTAR NATIONAL REHABILITATION HOSPITAL, MEDSTAR URGENT CARE, AND NUMEROUS MEDSTAR HEALTH AMBULATORY BUSINESSES.

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.

  • MEDSTAR SHAH MSO LLC

    N/A · MGMT SVCS · MD

  • 22590 SHADY COURT LLC

    N/A · REAL ESTATE · MD

  • 24035 THREE NOTCH ROAD LLC

    N/A · REAL ESTATE · MD

  • 37767 MARKET DRIVE LLC

    N/A · REAL ESTATE · MD

  • 26840 POINT LOOKOUT ROAD LLC

    N/A · REAL ESTATE · MD

  • MONTGOMERY COMMUNITY MRI LP

    N/A · MRI SCREENING · MD

  • PHYSIOTHERAPY ASSOCIATES NRH REHAB LLC

    N/A · PHYSIOTHERAPY · PA

  • PHYSICIAN IMAGING OF WASHINGTON HOSPITAL CENTER LLC

    N/A · RADIOLOGY SVC · TN

  • FRANKLIN IMAGING LLC

    N/A · IMAGING · MD

  • 10 ST PATRICK'S DRIVE LLC

    N/A · REAL ESTATE · MD

  • MEDSTAR ENDOSCOPY CTR AT LUTHERVILLELLC

    N/A · SURGERY · MD

  • CAPITAL ENDOSCOPY LLC

    N/A · SURGERY · MD

  • 4240 ALTAMONT PLACE LLC

    N/A · REAL ESTATE · MD

  • MEDSTAR ENDOSCOPY CENTER-SILVER SPRING LLC

    N/A · SURGERY · MD

Related corporations and trusts

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

  • MEDSTAR PHARMACIES INC

    C · DRUG SALES · MD

  • EXTENCARE INC

    C · MEDICAL SERVICE · MD

  • HELIX RESOURCES MANAGEMENT INC

    C · ADMIN SERVICE · MD

  • HELIXCARE PROPERTIES LLC

    C · MEDICAL SERVICE · MD

  • PARKWAY VENTURES INC

    C · HOLDING COMPANY · MD

  • PHYSICIANS ADMINISTRATIVE SERVICES INC

    C · BILLING SERVICE · MD

  • MEDSTAR FAMILY CHOICE INC

    C · MANAGED CARE · MD

  • MEDSTAR ENTERPRISES INC

    C · ADMIN SERVICE · MD

  • SITEL INC

    C · EDUCATIONAL SVC · MD

  • STAR BILLING INC

    C · BILLING SERVICE · MD

  • WASHINGTON RISK NETWORK MANAGEMENT INC

    C · MEDICAL SERVICE · MD

  • WASHINGTON HOSPITAL CENTER PHYSICIAN HOS

    C · MEDICAL SERVICE · DC

  • MEDSTAR PHYSICIAN PARTNERS INC

    C · MEDICAL SERVICE · MD

  • FRANKLIN SQUARE DRIVE LAND CONDO ASSOCIA

    C · CONDO OWNER ASSOC · MD

  • MGH DIVERSIFIED SERVICES INC

    C · MEDICAL SERVICE · MD

  • ST MARY'S HEALTH ALLIANCE INC

    C · MEDICAL SERVICE · MD

  • GREENSPRING FINANCIAL INSURANCE LIMITED

    C · INSURANCE · CJ

  • ST MARY'S CONDO ASSOCIATION

    C · CONDOMINIUMS · MD

  • MEDSTAR HEALTH MASTER RETIREMENT TRUST

    C · INVESTMENTS · CJ

  • MEDSTAR HEALTH INC - INVESTMENT FUND I

    C · INVESTMENTS · CJ

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202431289349300123

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