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Nonprofiteer
← INDIANA HEALTHCARE PROPERTIES

Form 990 for tax year 2022

Filed by INDIANA HEALTHCARE PROPERTIES.

Totals

Total revenue
$257,120
Total expenses
$234,076
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$257,120
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,392,580
Total liabilities, end of year
$10,536
Net assets or fund balances, end of year
$1,382,044
Program services expenses (Part IX)
$222,836
Management and general expenses
$11,240
Fundraising expenses
$0
Program service expenses (Part III)
$222,836

Program services were 95.2% 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 $257,120 · related or exempt $257,120

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,600 · program services $3,600

  • 11a · Fees: management

    total $6,000 · management and general $6,000

  • 11c · Fees: accounting

    total $5,240 · management and general $5,240

  • 11g · Fees: other

    total $52,840 · program services $52,840

  • 13 · Office expenses

    total $5,130 · program services $5,130

  • 16 · Occupancy

    total $49,185 · program services $49,185

  • 22 · Depreciation, depletion and amortization

    total $106,575 · program services $106,575

  • 23 · Insurance

    total $1,200 · program services $1,200

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $4,306 · program services $4,306

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,332 · end of year $1,287

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

    $2,631,324

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

    $1,240,031

  • 10c · Land, buildings and equipment, net

    beginning of year $1,536,524 · end of year $1,391,293

  • 15 · Other assets

    beginning of year $270,806 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,612 · end of year $10,536

  • 27 · Net assets without donor restrictions

    beginning of year $1,805,050 · end of year $1,382,044

Mission and programs · 2022

Mission

TO HOLD AND MANAGE PROPERTY IN SUPPORT OF INDIANA REGIONAL MEDICAL CENTER.

Activities or mission (Part I)

HOLD AND MANAGE PROPERTY IN SUPPORT OF INDIANA REGIONAL MEDICAL CENTER.

  • INDIANA HEALTHCARE PROPERTIES (IHP) IS AN ENTITY OF INDIANA REGIONAL MEDICAL CENTER (IRMC) THAT OWNS AND MANAGES PROPERTIES USED TO SUPPORT THE HOSPITAL. THE PROPERTIES THAT IHP CURRENTLY OVERSEES ARE THE KOLTER BUILDING, WOUND CENTER AT 119 PROFESSIONAL BUILDING, AND THE CLYMER MEDICAL BUILDING. THESE PROPERTIES ARE USED PRIMARILY BY THE IRMC PHYSICIANS GROUP (IPG) AND IRMC TO FACILITATE IN PROVIDING MEDICAL CARE TO THE COMMUNITY AND SUPPORTING THE ORGANIZATIONS MISSION.

    Expenses $222,836 · Revenue $257,120

As filed on the 2022 return.

Listed in Part VII

  • Stephen A Wolfe

    PRESIDENT/CEO & CHAIRMAN

    Total calculated
    $844,704
    From this org
    $0
    From related orgs
    $802,111
    Other
    $42,593
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $607,396 related
    Bonus
    $0 + $93,339 related
    Other
    $0 + $101,376 related
    Deferred
    $0 + $23,994 related
    Nontaxable benefits
    $0 + $18,599 related
    Filer's total
    $0 + $844,704 related

  • Mark Volovic

    CIO & VICE CHAIRMAN

    Total calculated
    $312,544
    From this org
    $0
    From related orgs
    $280,240
    Other
    $32,304
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,522 related
    Bonus
    $0 + $25,718 related
    Other
    $0
    Deferred
    $0 + $13,155 related
    Nontaxable benefits
    $0 + $19,149 related
    Filer's total
    $0 + $312,544 related

  • Robert A Gongaware

    CFO & SECRETARY/TREASURER

    Total calculated
    $358,146
    From this org
    $0
    From related orgs
    $323,825
    Other
    $34,321
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,705 related
    Bonus
    $0 + $26,120 related
    Other
    $0
    Deferred
    $0 + $21,386 related
    Nontaxable benefits
    $0 + $12,935 related
    Filer's total
    $0 + $358,146 related

  • Brett Braun

    BOARD MEMBER/COO IPG

    Total calculated
    $249,916
    From this org
    $0
    From related orgs
    $220,307
    Other
    $29,609
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,570 related
    Bonus
    $0 + $20,737 related
    Other
    $0
    Deferred
    $0 + $10,893 related
    Nontaxable benefits
    $0 + $18,716 related
    Filer's total
    $0 + $249,916 related

  • Wendy Haislip

    BOARD MEMBER/SVP NURSING

    Total calculated
    $251,563
    From this org
    $0
    From related orgs
    $227,299
    Other
    $24,264
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,559 related
    Bonus
    $0 + $22,740 related
    Other
    $0
    Deferred
    $0 + $6,453 related
    Nontaxable benefits
    $0 + $17,811 related
    Filer's total
    $0 + $251,563 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
  • 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
THE CEO'S COMPENSATION IS PAID BY INDIANA REGIONAL MEDICAL CENTER. INDIANA REGIONAL MEDICAL CENTER USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
INDIANA REGIONAL MEDICAL CENTER HAS A SUPPLEMENTAL, NONQUALIFIED RETIREMENT PLAN UNDER IRC SECTION 457(F) FOR PRESIDENT & CEO, STEPHEN A. WOLFE. NO AMOUNTS WERE PAID TO HIM, AND CONTRIBUTIONS TO THE PLAN WERE $90,000 DURING CALENDAR YEAR 2022.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401349349307710

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