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← JONESBORO REAL ESTATE HOLDINGS INC

Form 990 for tax year 2023

Filed by JONESBORO REAL ESTATE HOLDINGS INC.

Totals

Total revenue
$2,461,628
Total expenses
$1,705,638
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,442,533
Investment income
$13,895
Other revenue
$5,200
Total assets, end of year
$21,980,704
Total liabilities, end of year
$185,525
Net assets or fund balances, end of year
$21,795,179
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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 $2,379,559 · related or exempt $2,379,559 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: EQUITY IN PARAGOULD MEDICAL PARK

    total $62,974 · related or exempt $62,974 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $13,895 · related or exempt $0 · unrelated business $0 · excluded $13,895

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Miscellaneous Income

    total $5,200 · excluded $5,200

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $5,200

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $17,576

  • 10 · Payroll taxes

    total $1,296

  • 11a · Fees: management

    total $172,103

  • 11b · Fees: legal

    total $18,288

  • 11c · Fees: accounting

    total $3,232

  • 11g · Fees: other

    total $48,992

  • 13 · Office expenses

    total $23,447

  • 16 · Occupancy

    total $168,460

  • 22 · Depreciation, depletion and amortization

    total $679,671

  • 23 · Insurance

    total $128,978

  • 24a · Other expenses: PROPERTY TAXES

    total $220,076

  • 24b · Other expenses: GROUND MAINTENANCE

    total $136,336

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $73,346

  • 24d · Other expenses: FIRE PROTECTION

    total $5,855

  • 24e · All other expenses

    total $7,982

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,001

  • 2 · Savings and temporary cash investments

    beginning of year $294,500 · end of year $430,989

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $30,318,460

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

    $13,856,421

  • 10c · Land, buildings and equipment, net

    beginning of year $17,051,682 · end of year $16,462,039

  • 11 · Investments: publicly traded securities

    beginning of year $235,323 · end of year $236,621

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $4,851,055

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $5,238,328 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $182,069 · end of year $185,525

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $22,638,765 · end of year $21,795,179

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE GOVERNING BODY OF JONESBORO REAL ESTATE HOLDINGS, INC. HAS NOT ADOPTED A FORMAL MISSION STATEMENT.

Activities or mission (Part I)

THE ORGANIZATION SERVES AS A HOLDING COMPANY FOR THE ACQUISITION OF RENTAL REAL ESTATE AND RAW LAND FOR HEALTHCARE PURPOSES.

  • THE ORGANIZATION SERVES AS A HOLDING COMPANY FOR THE ACQUISITION OF RENTAL REAL ESTATE AND RAW LAND FOR HEALTHCARE PURPOSES.

As filed on the 2023 return.

Listed in Part VII

  • Matt Parker

    TOP MANAGEMENT OFFICIAL

    Total calculated
    $364,801
    From this org
    $0
    From related orgs
    $355,135
    Other
    $9,666
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $343,700 related
    Bonus
    $0
    Other
    $0 + $11,435 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,666 related
    Filer's total
    $0 + $364,801 related

  • Mother Mary Clare Bezner

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Charles Frierson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Guy Patteson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • John Freeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Benjamin Barylske

    CFO

    Total calculated
    $435,161
    From this org
    $0
    From related orgs
    $411,891
    Other
    $23,270
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $405,501 related
    Bonus
    $0
    Other
    $0 + $6,390 related
    Deferred
    $0 + $13,604 related
    Nontaxable benefits
    $0 + $9,666 related
    Filer's total
    $0 + $435,161 related

  • Chris Barber

    PRESIDENT & CEO

    Total calculated
    $927,876
    From this org
    $0
    From related orgs
    $882,808
    Other
    $45,068
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $839,097 related
    Bonus
    $0
    Other
    $0 + $43,711 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $15,068 related
    Filer's total
    $0 + $927,876 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3
ST. BERNARDS HEALTHCARE, A RELATED ORGANIZATION, USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD TO ESTABLISH COMPENSATION OF THE CEO.
Schedule J, Part II, Column (D)
THE INCREASE OF THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PENSION PLAN IS NOT CALCULATED ON AN INDIVIDUAL EMPLOYEE BASIS, BUT RATHER ON THE EMPLOYEE GROUP TAKEN AS A WHOLE. THE INCREASE IN EACH INDIVIDUAL'S BALANCE WOULD HAVE TO BE ESTIMATED USING ASSUMPTIONS UNIQUE TO THAT INDIVIDUAL RATHER THAN THE PLAN AS A WHOLE. THIS INFORMATION IS NOT AVAILABLE AT THIS TIME. HOWEVER, WE BELIEVE THE INCREASE TO EACH INDIVIDUAL'S ACCOUNT WOULD NOT MATERIALLY CHANGE THE COMPENSATION REPORTED. WE WILL WORK WITH OUR ACTUARY TO DETERMINE THE ANNUAL INCREASE IN FUTURE PERIODS.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PET CENTER LLC

    P.E.T. SCANNING · AR

    Directly controlled by NA

  • OUTPATNT SRGRY CTR

    HEALTHCARE · AR

    Directly controlled by NA

  • PAIN CENTER

    PAIN MANAGEMENT · AR

    Directly controlled by NA

Related corporations and trusts

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

  • REGIONAL HEALTHCARE HOLDINGS INC

    C Corporation · HOLDING CO. · AR · controlled entity

    Directly controlled by NA

  • JONESBORO ANESTHESIA INC

    C Corporation · ANESTHESIOLOGY · AR · controlled entity

    Directly controlled by NA

  • JONESBORO NEUROSURGERY CLINIC

    C Corporation · NEUROSURGERY · AR · controlled entity

    Directly controlled by NA

  • DOCTORS HEALTH GROUP

    C Corporation · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • REGIONAL HEALTHCARE SERVICES

    C Corporation · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • HEART SURGERY ASSOCIATES OF AR INC

    C Corporation · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • THE HEARTCARE CENTER INC

    C Corporation · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • SURGICAL ASSOCIATES OF JONESBORO

    C Corporation · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • HEALTHCARE MEDICAL GROUP INC

    C Corporation · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • ST BERNARDS UROLOGY ASSOCIATES INC

    C Corporation · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • JONESBORO PLASTIC SURGERY

    C Corporation · PLASTIC SURGERY · AR · controlled entity

    Directly controlled by NA

  • OB-GYN ASSOC OF JONESBORO

    C Corporation · OB-GYN · AR · controlled entity

    Directly controlled by NA

  • CARDIOLOGY ASSOCIATES OF JONESBORO

    C Corporation · CARDIOLOGY · AR · controlled entity

    Directly controlled by NA

  • ST BERNARDS CLINICS

    C Corporation · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • CANCER CARE ASSOCIATES

    C Corporation · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • ST BERNARDS ORTHOPEDIC ASSOCIATES INC

    C Corporation · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

  • ST BERNARDS PHYSICIAN CLINICS INC

    C Corporation · HEALTHCARE · AR · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202502279349303385

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