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Nonprofiteer
← MOFFITT REAL ESTATE HOLDING CORPORATION

Form 990 for tax year 2023

Filed by MOFFITT REAL ESTATE HOLDING CORPORATION.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$23,501,000
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$23,501,000
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

Balance sheet

Part X, book values.

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

    $23,501,000

  • 10c · Land, buildings and equipment, net

    beginning of year $22,001,000 · end of year $23,501,000

  • 27 · Net assets without donor restrictions

    beginning of year $22,001,000 · end of year $23,501,000

Mission and programs · 2023

Mission

TO SUPPORT H. LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE, INC., WHOSE MISSION IS TO CONTRIBUTE TO A CURE FOR CANCER, BY HOLDING TITLE TO A 775 ACRE CAMPUS LOCATED IN PASCO COUNTY, FL.

Activities or mission (Part I)

HOLDING TITLE TO A 775 ACRE CAMPUS LOCATED IN PASCO COUNTY, FL UTILIZED BY A 501(C)(3) ENTITY.

  • MOFFITT REAL ESTATE HOLDING CORPORATION, WHICH IS A SUBSIDIARY OF H. LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE, INC. (THE INSTITUTE), WAS FORMED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO A 775 ACRE CAMPUS LOCATED IN PASCO COUNTY, FL, COLLECTING THE INCOME THEREFROM, AND DISTRIBUTING SUCH INCOME TO ITS SOLE MEMBER, THE INSTITUTE. THE INSTITUTE IS CURRENTLY IN THE PROCESS OF DEVELOPING THE PROPERTY AS A GLOBAL LIFESCIENCES AND RESEARCH INNOVATION CAMPUS KNOWN AS "SPEROS FL." AS A 501(C)(2) ENTITY, MOFFITT REAL ESTATE HOLDING CORPORATION'S ONLY PERMITTED ACTIVITIES INCLUDE HOLDING TITLE TO REAL PROPERTY AND TURNING OVER ANY NET INCOME FROM THE PROPERTY TO A TAX EXEMPT ENTITY.

As filed on the 2023 return.

Listed in Part VII

  • Patrick Hwu

    VICE CHAIR, DIRECTOR

    Total calculated
    $1,728,284
    From this org
    $0
    From related orgs
    $1,574,762
    Other
    $153,522
    Hours/week
    5 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,187,819 related
    Bonus
    $0 + $377,486 related
    Other
    $0 + $9,457 related
    Deferred
    $0 + $152,929 related
    Nontaxable benefits
    $0 + $4,313 related
    Filer's total
    $0 + $1,732,004 related

  • Timothy J Adams

    CHAIR, DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sean Hyer

    SEC & TREASURER, DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Yvette M Lyons Tremonti

    CFO TO 5/17/24

    Total calculated
    $1,439,828
    From this org
    $0
    From related orgs
    $1,042,682
    Other
    $397,146
    Hours/week
    5 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $772,296 related
    Bonus
    $0 + $212,568 related
    Other
    $0 + $57,818 related
    Deferred
    $0 + $362,337 related
    Nontaxable benefits
    $0 + $38,529 related
    Filer's total
    $0 + $1,443,548 related

  • L David De La Parte

    PRESIDENT TO 6/11/24

    Total calculated
    $1,257,346
    From this org
    $0
    From related orgs
    $865,274
    Other
    $392,072
    Hours/week
    5 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $643,431 related
    Bonus
    $0 + $178,715 related
    Other
    $0 + $43,128 related
    Deferred
    $0 + $365,841 related
    Nontaxable benefits
    $0 + $29,834 related
    Filer's total
    $0 + $1,260,949 related

  • Sarabdeep Singh

    INTERIM PRESIDENT AS OF 6/12/24

    Total calculated
    $993,161
    From this org
    $0
    From related orgs
    $872,462
    Other
    $120,699
    Hours/week
    4 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $682,357 related
    Bonus
    $0 + $185,203 related
    Other
    $0 + $4,902 related
    Deferred
    $0 + $87,740 related
    Nontaxable benefits
    $0 + $38,053 related
    Filer's total
    $0 + $998,255 related

  • Charles Fletcher

    GENERAL COUNSEL

    Total calculated
    $552,111
    From this org
    $0
    From related orgs
    $420,464
    Other
    $131,647
    Hours/week
    5 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,442 related
    Bonus
    $0 + $75,336 related
    Other
    $0 + $24,686 related
    Deferred
    $0 + $98,389 related
    Nontaxable benefits
    $0 + $36,519 related
    Filer's total
    $0 + $555,372 related

  • John Allgeier

    VP-RE DEV CONST OPS AS OF 5/1/24

    Total calculated
    $502,033
    From this org
    $0
    From related orgs
    $328,486
    Other
    $173,547
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,454 related
    Bonus
    $0 + $33,594 related
    Other
    $0 + $32,438 related
    Deferred
    $0 + $142,794 related
    Nontaxable benefits
    $0 + $32,122 related
    Filer's total
    $0 + $503,402 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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION AND REIMBURSEMENTS OF THE REAL ESTATE HOLDING COMPANY'S CEO/EXECUTIVE VPS ARE PAID BY A RELATED ORGANIZATION. MOFFITT REAL ESTATE HOLDING RELIES ON H. LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE, A RELATED ORGANIZATION, WHICH USES AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEYS OR STUDIES, AN EXECUTIVE COMPENSATION COMMITTEE, AND THE APPROVAL BY THE BOARD OR THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD, TO ESTABLISH THE ORGANIZATION'S CEO, PRESIDENT, AND TOP MANAGEMENT OFFICIALS' COMPENSATION.
PART I, LINE 4B
TO BE ELIGIBLE TO PARTICIPATE IN THE 457(F) NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP), PARTICIPANTS MUST ELECT TO CONTRIBUTE AT LEAST 10% ACROSS THE 403(B) AND 457(B) PLANS, AND ARE VESTED AFTER 10 YEARS OF SERVICE. LUMP SUM DISTRIBUTIONS FROM THE ACCOUNT ARE MADE UPON NORMAL RETIREMENT OR TERMINATION. BELOW ARE INDIVIDUALS LISTED ON REAL ESTATE HOLDING COMPANY'S 2023 FORM 990 PART VII, SECTION A, THAT PARTICIPATED IN THE 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AND THEIR RESPECTIVE AMOUNTS OF COMPENSATION CONSTRUCTIVELY RECEIVED IN TAX YEAR 2023 FROM THE PLAN: L DAVID DE LA PARTE - $32,791 CHARLES FLETCHER - $0 PATRICK HWU - $0 SARABDEEP SINGH - $0 YVETTE M. LYONS TREMONTI - $45,116

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.

  • MOFFITT TECHNOLOGIES CORPORATION

    C · TECHNOLOGY MANAGEMENT · FL

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349309504

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