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MAIN LINE REALTY CORPORATION

EIN 22-2440273 RADNOR, PA

Revenue 2023
$15,927,738
Expenses 2023
$7,294,304

Program services were 95.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
E210
Classification
1000
Street
240 N RADNOR CHESTER RD SUITE 170

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2023

Mission

MAIN LINE REALTY CORPORATION INVESTS IN AND MANAGES REAL ESTATE PROPERTY, PRINCIPALLY MEDICAL OFFICE BUILDINGS, FOR THE BENEFIT OF THE MAIN LINE HEALTH SYSTEM, IN PARTICULAR ITS HOSPITALS. MAIN LINE REALTY CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO ASSIST AND SUPPORT MAIN LINE HEALTH WITH THESE FUNCTIONS.

Activities or mission (Part I)

INVEST AND MANAGE REAL ESTATE PROPERTY FOR THE BENEFIT OF THE MAIN LINE HEALTH SYSTEM AND TO ASSIST AND SUPPORT MAIN LINE HEALTH SYSTEM WITH THESE FUNCTIONS.

  • MAIN LINE REALTY CORPORATION'S PRINCIPAL PURPOSE IS TO MANAGE HOSPITAL OWNED MEDICAL OFFICE BUILDINGS THAT PATIENTS CAN ACCESS FOR OUTPATIENT CARE FROM PHYSICIANS ON THE MAIN LINE HOSPITALS, INC. AND RIDDLE MEMORIAL HOSPITAL CAMPUSES. SERVICES PROVIDED INCLUDE ASSET MANAGEMENT AND ACCOUNTING SERVICES, AS WELL AS MANAGING THE EXPENSES INCURRED TO OPERATE THE BUILDINGS, INCLUDING UTILITIES, REPAIRS, REAL ESTATE TAXES, LIABILITY INSURANCE AND OTHER MEDICAL OFFICE BUILDING EXPENSES.

    Expenses $938,126 · Revenue $1,466,497

  • MAIN LINE REALTY CORPORATION HAS PURCHASED PARTNERSHIP INTEREST IN BMHR ASSOCIATES. SPECIFICALLY, MAIN LINE REALTY CORPORATION HAS AN 86.28% PARTNERSHIP INTEREST IN BMHR ASSOCIATES. MAIN LINE REALTY CORPORATION INCURS AND PAYS LEASE EXPENSES on its pro rata share of ownership AS WELL AS RELATED BUILDING COSTS ASSOCIATED WITH THE OPERATION OF THIS MEDICAL OFFICE BUILDING.

    Expenses $575,248 · Revenue $831,864

  • MAIN LINE REALTY CORPORATION owns a 51% interest in MAIN LINE HEALTH IMAGING LP, AN ORGANIZATION THAT PROVIDES MAGNETIC RESONANCE IMAGING AND PET CT SERVICES AT THE MAIN LINE HEALTH HOSPITALS, AS WELL AS VARIOUS OUTPATIENT HEALTH CENTERS. MAIN LINE REALTY CORPORATION also owns 100% of MAIN LINE HEALTH WELLNESS, LLC. WHICH CATERS TO THE DIVERSE NEEDS OF A DECONDITIONED OR MEDICALLY COMPROMISED POPULATION, AS WELL AS THOSE MEMBERS OF THE COMMUNITY WHO ARE FOCUSED ON MAINTAINING and improving THEIR HEALTH. OTHER JOINT VENTURES INCLUDE: PAOLI SURGERY CENTER, LP AND RMH HEALTH CARE CENTER ASSOCIATES, LP.

    Expenses $5,462,399 · Revenue $5,322,506

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • JOHN J LYNCH III

    PRESIDENT/EX-OFFICIO TRUSTEE

    Total calculated
    $3,006,096
    From this org
    $0
    From related orgs
    $2,587,326
    Other
    $418,770
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,349,781 related
    Bonus
    $0 + $797,068 related
    Other
    $0 + $440,477 related
    Deferred
    $0 + $380,074 related
    Nontaxable benefits
    $0 + $38,696 related
    Filer's total
    $0 + $3,006,096 related

  • MICHAEL J BUONGIORNO

    EVP/TREAS/TTEE(Until Dec 2023)

    Total calculated
    $1,254,234
    From this org
    $0
    From related orgs
    $1,210,877
    Other
    $43,357
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $751,055 related
    Bonus
    $0 + $447,453 related
    Other
    $0 + $12,369 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $43,357 related
    Filer's total
    $0 + $1,254,234 related

  • BRIAN T CORBETT ESQ

    SVP, GEN COUNSEL/SECRETARY

    Total calculated
    $962,682
    From this org
    $0
    From related orgs
    $836,290
    Other
    $126,392
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $567,076 related
    Bonus
    $0 + $179,425 related
    Other
    $0 + $89,789 related
    Deferred
    $0 + $87,548 related
    Nontaxable benefits
    $0 + $38,844 related
    Filer's total
    $0 + $962,682 related

  • EILEEN CARR

    ASSISTANT SECRETARY

    Total calculated
    $162,660
    From this org
    $0
    From related orgs
    $133,562
    Other
    $29,098
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,312 related
    Bonus
    $0 + $250 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,098 related
    Filer's total
    $0 + $162,660 related

  • Leigh Ehrlich

    EVP/Treas/TTEE(Start Dec 2023)

    Total calculated
    $66,905
    From this org
    $0
    From related orgs
    $43,261
    Other
    $23,644
    Hours/week
    1 + 39 related

  • STEVEN HIGGINS

    CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 10 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. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $15,927,738
    Expenses
    $7,294,304
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $14,385,740
    Expenses
    $6,804,520
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $13,488,538
    Expenses
    $6,388,104
    Assets (EOY)
    $73,866,993

  • 2021 · 990

    Revenue
    $13,488,538
    Expenses
    $6,388,104
    Assets (EOY)
    $73,866,993

  • 2020 · 990

    Revenue
    $9,567,390
    Expenses
    $5,240,647
    Assets (EOY)
    $67,711,287

  • 2019 · 990

    Revenue
    $12,023,918
    Expenses
    $6,714,404
    Assets (EOY)
    $64,654,329

  • 2018 · 990

    Revenue
    $13,508,369
    Expenses
    $7,644,238
    Assets (EOY)
    $65,108,069

  • 2017 · 990

    Revenue
    $11,797,930
    Expenses
    $7,306,430
    Assets (EOY)
    $59,402,322

  • 2016 · 990

    Revenue
    $6,571,725
    Expenses
    $2,012,907
    Assets (EOY)
    $54,684,002

  • 2015 · 990

    Revenue
    $7,662,518
    Expenses
    $1,873,342
    Assets (EOY)
    $49,662,660

  • 2014 · 990

    Revenue
    $8,394,714
    Expenses
    $2,020,647
    Assets (EOY)
    $44,064,719

  • 2013 · 990

    Revenue
    $9,606,637
    Expenses
    $2,203,909
    Assets (EOY)
    $37,775,554

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2023 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2023 return

Related partnerships on its 2023 return

Related corporations and trusts on its 2023 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2023, the newest we have parsed for this organization.