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← FANNY ALLEN HOSPITAL HOTEL DIEU

Form 990 for tax year 2024

Filed by FANNY ALLEN HOSPITAL HOTEL DIEU.

Totals

Total revenue
$17,696,309
Total expenses
$432,268
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,042,700
Investment income
$16,653,609
Other revenue
$0
Total assets, end of year
$98,686
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$98,686
Program services expenses (Part IX)
$149,790
Management and general expenses
$282,478
Fundraising expenses
$0
Program service expenses (Part III)
$149,790

Program services were 34.7% 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 $1,042,700 · related or exempt $1,042,700

  • 3 · Investment income

    total $57,217 · excluded $57,217

  • 7a · Gross sales of assets other than inventory

    securities $3,996,238 · other assets $16,938,412

  • 7b · Less cost or other basis and sales expenses

    securities $3,295,192 · other assets $1,043,066

  • 7c · Gain or loss

    securities $701,046 · other assets $15,895,346

  • 7d · Net gain or loss

    total $16,596,392 · excluded $16,596,392

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,726 · management and general $2,726

  • 11g · Fees: other

    total $49,591 · program services $49,591

  • 13 · Office expenses

    total $4,590 · program services $4,590

  • 16 · Occupancy

    total $39,674 · program services $39,674

  • 22 · Depreciation, depletion and amortization

    total $55,935 · program services $55,935

  • 24a · Other expenses: Membership fees

    total $279,752 · management and general $279,752

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $296,341 · end of year $23,686

  • 4 · Accounts receivable

    beginning of year $1,667 · end of year $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,099,001

  • 12 · Investments: other securities

    beginning of year $4,313,648

  • 15 · Other assets

    beginning of year $0 · end of year $75,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,283 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,706,374 · end of year $98,686

Mission and programs · 2024

Mission

Fanny Allen Holdings supports affiliated not-for-profit organizations by holding and overseeing real property and ensuring that it is used in a manner consistent with the teachings of the Roman Catholic Church.

Activities or mission (Part I)

Supporting not-for-profit organizations by holding and overseeing real property.

  • Fanny Allen Holdings supports affiliated not-for-profit organizations by holding and overseeing real property and ensuring that it is used in a manner consistent with the teachings of the Roman Catholic Church. During the period covered by this Form 990, Fanny Allen Holdings disposed of all investments and fixed assets in either direct sales, or by transferring such assets to its supported, parent organization, Covenant Health, Inc.

    Expenses $149,790 · Revenue $1,042,700

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Grubbs

    Director

    Total calculated
    $1,276,101
    From this org
    $0
    From related orgs
    $1,235,937
    Other
    $40,164
    Hours/week
    1 + 44.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $828,455 related
    Bonus
    $0 + $400,000 related
    Other
    $0 + $7,482 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $29,814 related
    Filer's total
    $0 + $1,276,101 related

  • John Newman

    Director

    Total calculated
    $847,638
    From this org
    $0
    From related orgs
    $814,976
    Other
    $32,662
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,735 related
    Bonus
    $0 + $300,000 related
    Other
    $0 + $14,241 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $22,312 related
    Filer's total
    $0 + $847,638 related

  • Michael Tomkowicz

    Director, Clerk

    Total calculated
    $0
    Hours/week
    1

  • Stephen W Forney

    Treasurer, SVP/CFO

    Total calculated
    $853,861
    From this org
    $0
    From related orgs
    $817,738
    Other
    $36,123
    Hours/week
    1 + 41.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $511,279 related
    Bonus
    $0 + $300,000 related
    Other
    $0 + $6,459 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $36,123 related
    Filer's total
    $0 + $853,861 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
Any compensation paid to the trustees, directors, officers or key employees of the Organization is subject to the oversight and decisions of Covenant Health, a related tax-exempt organization. Every two-to-three years the Compensation Committee of the Covenant Health Board of Directors engages an external consultant to provide competitive market data from various survey sources, which is then used to develop recommendations for changes to the compensation program. Since 2003, the Compensation Committee has engaged a human resources consultant to conduct this analysis. Objectives of the analysis are to assess the compositeness of the total cash compensation levels of the senior leadership team, develop market based competitive salary ranges for all executive positions, and ensure that the annual incentive opportunities, if there are any, are competitive and reasonable.

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 corporations and trusts

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

  • Campus Holding

    C · Holding company · ME

  • Covenant Health Insurance LTD

    C · Self-insurance company · CJ

  • GNM Corporation

    C · Real estate holding company · NH

  • SJ Physicians Services

    C · Physician practice · NH

  • St Joseph Corporate Services Inc

    C · Holding company · NH

  • Strauss Incorporated

    C · Repairs and transcriptions · ME

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • Covenant Health Inc

    $22,554,319

    Disposition · Net equity transfers to related organizations. · Dec 31, 2024 · 501(c)(3)

Provenance

Return type
form_990
Tax year
2024
Filed
23 October 2025
IRS schema version
2024v5.2
Source object
202503099349303900

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