Hss Properties Corporation
- Assets
- $559.0m
- Revenue
- $68.4m
- Investments
- $23.3m
- Employees
- 6
- Location
- New York, NY
- Founding
- 03/1985
- Data as of
- 12/2022
- EIN
- 13-3246249
Organization Overview
Hss Properties Corporation is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Hss Properties Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hss Properties Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Hss Properties Corporation generated $68.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $63.9m during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ACQUIRE, HOLD AND OPERATE CERTAIN REAL ESTATE TO BE USED BY ITS TAX-EXEMPT AFFILIATED ENTITY, THE HOSPITAL FOR SPECIAL SURGERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRE, HOLD AND OPERATE CERTAIN REAL ESTATE TO BE USED BY ITS TAX-EXEMPT AFFILIATED ENTITY, THE HOSPITAL FOR SPECIAL SURGERY. HSS PROPERTIES CORPORATION MAY PROVIDE FUNDS FROM ITS OPERATIONS TO THE HOSPITAL FOR SPECIAL SURGERY AND OTHER CHARITABLE HEALTH RELATED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis A Shapiro President & CEO | OfficerTrustee | 3 | $208,233 |
Stacey L Malakoff Executive VP & CFO | Officer | 7.2 | $295,599 |
Duretti Fufa - Left Bot 2022 Member/assoc Attending Physici | Trustee | 0.2 | $0 |
Irene Koch Exec VP & Chief Legal Officer | Officer | 6 | $105,944 |
Lisa A Goldstein Former Executive VP & COO | 0 | $0 | |
Andy Miller Member/assoc Attending Physici | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rolst Construction Co Construction | 12/30/22 | $1,253,163 |
Niko K Construction Co Construction | 12/30/22 | $520,000 |
Ugl Corporation Construction | 12/30/22 | $425,508 |
Riehm Plumbing Co Repair Services | 12/30/22 | $356,197 |
Istats Maintenance Co Construction | 12/30/22 | $338,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $97,604 |
| Government grants | $4,129 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,733 |
| Total Program Service Revenue | $65,983,927 |
| Investment income | $2,526,374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$207,252 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,422,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $629,729 |
| Compensation of current officers, directors, key employees. | $629,729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $281,909 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,578 |
| Payroll taxes | $67,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,033,982 |
| Advertising and promotion | $0 |
| Office expenses | $53,163 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,487,288 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $607,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,114,524 |
| Insurance | $0 |
| All other expenses | $43,313 |
| Total functional expenses | $63,871,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,128,649 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,074,117 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,482,508 |
| Net Land, buildings, and equipment | $37,072,663 |
| Investments—publicly traded securities | $63,200,596 |
| Investments—other securities | $23,286,378 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $423,787,849 |
| Total assets | $559,032,760 |
| Accounts payable and accrued expenses | $3,317,292 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $459,809,242 |
| Total liabilities | $463,126,534 |
| Net assets without donor restrictions | $95,906,226 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $559,032,760 |