Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: NSB RENT PAYMENTS

  total $846,099 · related or exempt $846,099

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 11g · Fees: other

  total $0 · program services $0 · management and general $0 · fundraising $0

• 20 · Interest

  total $422,579 · program services $422,579

• 22 · Depreciation, depletion and amortization

  total $955,292 · program services $955,292

• 24a · Other expenses: BANK FEES

  total $1,160 · program services $1,160

• 24b · Other expenses: MISCELLANEOUS EXPENSES

  total $250 · program services $250

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $244,000 · end of year $21,000

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

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

  $38,028,178

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

  $7,934,178

• 10c · Land, buildings and equipment, net

  beginning of year $31,049,000 · end of year $30,094,000

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $2,278,000 · end of year $3,345,000

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $28,657,000 · end of year $29,080,000

• 27 · Net assets without donor restrictions

  beginning of year $4,914,000 · end of year $4,380,000

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION

THE CEO/PRESIDENT OF LGH ADMINISTRATIVE SERVICES, INC. IS 100% PAID THROUGH ITS PARENT COMPANY, LAWRENCE GENERAL HOSPITAL (D/B/A MERRIMACK HEALTH LAWRENCE HOSPITAL). THE CEO'S COMPENSATION IS ESTABLISHED BY THE FOLLOWING METHODS: (A) COMPENSATION COMMITTEE, (B) INDEPENDENT COMPENSATION CONSULTANT, (C) FORM 990 OF OTHER ORGANIZATIONS, (D) WRITTEN EMPLOYMENT CONTRACT, (E) COMPENSATION SURVEY AND (F) APPROVAL BY AN EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES.

SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN

INDIVIDUALS PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. EMPLOYER DISTRIBUTIONS ARE INCLUDED IN COMPENSATION ON SCHEDULE J, PART II, COLUMN (B)(III). DISTRIBUTIONS WERE MADE TO THE FOLLOWING INDIVIDUALS DURING 2024: ROBIN HYNDS - $18,001 LISA CRUTCHFIELD - $26,458 GEORGE KONDYLIS, MD - $18,001 ANTHONY ALLEY - $44,527

Related partnerships

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

• MERRIMACK VALLEY IN MOTION LLC

  N/A · MGT SERVICES · MA

  Directly controlled by NA

Related corporations and trusts

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

• LGH HEALTH ENTERPRISES INC

  C CORPORATION · HEALTHCARE · MA

  Directly controlled by NA

• LGH PHYSICIAN ASSOCIATES PC

  C CORPORATION · HEALTHCARE PRAC. · MA

  Directly controlled by NA