Totals
- Total revenue
- $215,107
- Total expenses
- $3,097,595
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $212,832
- Investment income
- $0
- Other revenue
- $2,275
- Total assets, end of year
- $35,278,299
- Total liabilities, end of year
- $40,018,430
- Net assets or fund balances, end of year
- -$4,740,131
- Program services expenses (Part IX)
- $3,097,595
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,097,595
Program services were 100.0% 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 $212,832 · related or exempt $212,832
-
11a · Other revenue: MISC. INCOME
total $2,275 · related or exempt $2,275
-
11e · Other revenue, total
$2,275
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $10,000 · program services $10,000
-
11c · Fees: accounting
total $19,200 · program services $19,200
-
11g · Fees: other
total $13,569 · program services $13,569
-
13 · Office expenses
total $1,860 · program services $1,860
-
20 · Interest
total $134,258 · program services $134,258
-
22 · Depreciation, depletion and amortization
total $2,743,991 · program services $2,743,991
-
23 · Insurance
total $109,690 · program services $109,690
-
24a · Other expenses: NMTC EXPENSE
total $35,887 · program services $35,887
-
24b · Other expenses: TAXES & LICENSES
total $29,140 · program services $29,140
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $27,371 · end of year $18,281
-
9 · Prepaid expenses and deferred charges
beginning of year $1,248,932 · end of year $1,211,850
-
10a · Land, buildings and equipment: cost or other basis
$65,993,171
-
10b · Land, buildings and equipment: accumulated depreciation
$32,811,347
-
10c · Land, buildings and equipment, net
beginning of year $35,919,249 · end of year $33,181,824
-
15 · Other assets
beginning of year $1,165,235 · end of year $866,344
-
17 · Accounts payable and accrued expenses
beginning of year $3,054,997 · end of year $2,965,740
-
23 · Secured mortgages and notes payable
beginning of year $24,687,877 · end of year $24,577,135
-
25 · Other liabilities
beginning of year $12,475,556 · end of year $12,475,555
-
27 · Net assets without donor restrictions
beginning of year -$1,857,643 · end of year -$4,740,131
Mission and programs · 2022
Mission
TO PERFORM THE CHARITABLE FUNCTIONS AND CARRY OUT THE CHARITABLE PURPOSES OF ORTHOPAEDIC HOSPITAL (LOIC) BY MAINLY LEASING OUT THE BUILDING/OFFICES TO LOIC.
Activities or mission (Part I)
TO PERFORM THE CHARITABLE FUNCTIONS AND CARRY OUT THE CHARITABLE PURPOSES OF ORTHOPAEDIC HOSPITAL (LOIC) BY MAINLY LEASING OUT THE BUILDING/OFFICES TO LOIC
-
OIC HOLDING WAS FORMED TO HOLD REAL ESTATE FOR ORTHOPAEDIC HOSPITAL IN CONNECTION WITH THE NEW MARKET TAX CREDIT PROGRAM. AS A HOLDING COMPANY, IT DOES NOT HAVE ANY FUNDRAISING OR OPERATING ACTIVITIES.
Expenses $3,097,595 · Revenue $215,107
As filed on the 2022 return.
Listed in Part VII
-
Harry McKellop PhDHARRY MCKELLOP PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jonathan LopezJONATHAN LOPEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Kerbanu PudumjeeKERBANU PUDUMJEE
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.1
-
Nancy ZytkoNANCY ZYTKO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Steve ValentineSTEVE VALENTINE
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1
-
Anthony Scaduto MDANTHONY SCADUTO MD
PRESIDENT & CEO
- Total calculated
- $912,500
- From this org
- $0
- From related orgs
- $891,079
- Other
- $21,421
- Hours/week
- 0.1 + 49.9 related
Schedule J breakdown matched by us
- Base
- $0 + $810,851 related
- Bonus
- $0
- Other
- $0 + $80,228 related
- Deferred
- $0 + $18,300 related
- Nontaxable benefits
- $0 + $3,121 related
- Filer's total
- $0 + $912,500 related
-
Diemlan Lannie TonnuDIEMLAN LANNIE TONNU
VICE PRESIDENT & CFO
- Total calculated
- $472,874
- From this org
- $0
- From related orgs
- $423,172
- Other
- $49,702
- Hours/week
- 0.1 + 49.9 related
Schedule J breakdown matched by us
- Base
- $0 + $371,897 related
- Bonus
- $0 + $37,600 related
- Other
- $0 + $13,675 related
- Deferred
- $0 + $18,300 related
- Nontaxable benefits
- $0 + $31,402 related
- Filer's total
- $0 + $472,874 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
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.
-
501(C)(3) · OUTPATIENT · CA
-
ORTHOPAEDIC INSTITUTE FOR CHILDREN FOUNDATION
501(C)(3) · FUNDRAISING · CA
Directly controlled by ORTHOPAEDIC HOSPITAL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441089349301314
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