Form 990 for tax year 2023

Filed by HWC REAL ESTATE HOLDING COMPANY INC.

Totals

Total revenue: $600,000
Total expenses: $746,242
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $600,000
Investment income: $0
Other revenue: $0
Total assets, end of year: $8,367,346
Total liabilities, end of year: $8,619,719
Net assets or fund balances, end of year: -$252,373
Program services expenses (Part IX): $461,254
Management and general expenses: $284,988
Fundraising expenses: $0
Program service expenses (Part III): $746,242

Program services were 61.8% 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 $600,000 · related or exempt $600,000
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.

11c · Fees: accounting

total $12,888 · management and general $12,888
11g · Fees: other

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

total $168,673 · program services $102,654 · management and general $66,019
22 · Depreciation, depletion and amortization

total $556,715 · program services $351,642 · management and general $205,073
23 · Insurance

total $350 · program services $306 · management and general $44
24a · Other expenses: MAINTENANCE & REPAIRS

total $7,616 · program services $6,652 · management and general $964
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 $686,999 · end of year $1,017,831
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$9,015,040
10b · Land, buildings and equipment: accumulated depreciation

$1,807,161
10c · Land, buildings and equipment, net

beginning of year $7,764,594 · end of year $7,207,879
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $203,654 · end of year $141,636
17 · Accounts payable and accrued expenses

beginning of year $26,320
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $7,475,173 · end of year $7,421,852
25 · Other liabilities

beginning of year $1,197,867 · end of year $1,197,867
27 · Net assets without donor restrictions

beginning of year -$44,113 · end of year -$252,373

Mission and programs · 2023

Mission

TO HOLD AND MANAGE REAL ESTATE TO BENEFIT, PERFORM FUNCTIONS OF, OR CARRY OUT THE PURPOSES OF STIGLER HEALTH AND WELLNESS CENTER, INC.

TO HOLD AND MANAGE REAL ESTATE TO BENEFIT, PERFORM FUNCTIONS OF, OR CARRY OUT THE PURPOSES OF STIGLER HEALTH AND WELLNESS CENTER INC WHO SERVES PATIENTS IN THE SURROUNDING AREA.

Expenses $746,242 · Revenue $600,000

As filed on the 2023 return.

Listed in Part VII

Erika MartensERIKA MARTENS

BOARD PRESIDENT

Total calculated

$0

Hours/week

0.3 + 0.3 related
Michelle WadeMICHELLE WADE

BOARD VICE PRESIDENT

Total calculated

$0

Hours/week

0.3 + 0.3 related
Pennie EmbryPENNIE EMBRY

BOARD SECRETARY

Total calculated

$0

Hours/week

0.3 + 0.6 related
Royce AlversonROYCE ALVERSON

BOARD TREASURER

Total calculated

$0

Hours/week

0.3 + 0.6 related
Larry HallLARRY HALL

BOARD MEMBER

Total calculated

$0

Hours/week

0.3
Stephanie LongSTEPHANIE LONG

CFO

Total calculated

$205,471

From this org

$0

From related orgs

$197,307

Other

$8,164

Hours/week

0.6 + 40 related

Schedule J breakdown matched by us

Base

$0 + $185,789 related

Bonus

$0 + $1,100 related

Other

$0 + $10,418 related

Deferred

$0 + $7,893 related

Nontaxable benefits

$0 + $271 related

Filer's total

$0 + $205,471 related
Teresa HugginsTERESA HUGGINS

CEO

Total calculated

$309,466

From this org

$0

From related orgs

$290,516

Other

$18,950

Hours/week

0.6 + 40 related

Schedule J breakdown matched by us

Base

$0 + $289,416 related

Bonus

$0 + $1,100 related

Other

$0

Deferred

$0 + $11,617 related

Nontaxable benefits

$0 + $7,333 related

Filer's total

$0 + $309,466 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)

Schedule J, Part I, Line 3 METHODS USED TO ESTABLISH EXECUTIVE COMPENSATION: STIGLER HEALTH AND WELLNESS CENTER INC, A RELATED ORGANIZATION, USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
Schedule J, Part I, Line 7 BONUS & INCENTIVE COMPENSATION: STIGLER HEALTH AND WELLNESS CENTER INC, A RELATED ORGANIZATION, PROVIDED THE FOLLOWING NONFIXED PAYMENTS ARRANGEMENTS: (1) PER PROVIDER CONTRACTS, PROVIDERS ARE ELIGIBLE TO EARN A BONUS EACH MONTH BASED ON A SET CALCULATION FOR VISITS OVER A MONTHLY GOAL AMOUNT. (2) PER POLICY, PATIENT ACCESS CENTER STAFF ARE ELIGIBLE TO RECEIVE MONTHLY BONUSES BASED ON A SET CALCULATION FOR WORKING PATIENT ACCOUNTS IN COLLECTION OR BAD DEBT WRITE-OFFS.

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.

STIGLER HEALTH & WELLNESS CENTER INC

501(c)(3) · HEALTHCARE · OK

Directly controlled by NA
HWC FOUNDATION

501(c)(3) · FOUNDATION · OK

Directly controlled by SHWC

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 October 2025
IRS schema version: 2023v6.0
Source object: 202532889349301888

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