Hss Properties Corporation
- Assets
- $595.6m
- Revenue
- $73.0m
- Investments
- $28.2m
- Employees
- 6
- Location
- New York, NY
- Founding
- 03/1985
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Hss Properties Corporation generated $73.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $67.3m during the year ending 12/2021. While expenses have increased by 8.4% per year over the past 7 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
2021
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 |
|---|---|---|---|
Stacey L Malakoff Executive VP & CFO | Officer | 7.2 | $390,694 |
Louis A Shapiro President & CEO | OfficerTrustee | 3 | $323,802 |
Irene Koch Exec VP & Chief Legal Officer | Officer | 6 | $89,356 |
Thomas H Lister Co-Chair | OfficerTrustee | 0.88 | $0 |
Kendrick R Wilson III Chair Emeritus | OfficerTrustee | 0.18 | $0 |
Michael Esposito Vice Chair | OfficerTrustee | 0.29 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tishman Construction Corp Construction | 12/30/21 | $2,973,402 |
Rolst Construction Corp Construction | 12/30/21 | $104,181 |
Specialty Management Co Consulting | 12/30/21 | $218,500 |
Richmond Elevator Co Inc Construction/repair | 12/30/21 | $161,612 |
Crothall Healthcare Housekeeping | 12/30/21 | $224,777 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $120,000 |
| Government grants | $0 |
| 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 | $120,000 |
| Total Program Service Revenue | $72,371,120 |
| Investment income | $443,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,866 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,958,189 |
| 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. | $823,018 |
| Compensation of current officers, directors, key employees. | $823,018 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,444 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,109 |
| Payroll taxes | $86,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,394 |
| Fees for services: Accounting | $50,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,813,025 |
| Advertising and promotion | $0 |
| Office expenses | $36,506 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,727,028 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $647,266 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,966,182 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $67,321,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,959,388 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,386,197 |
| 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 | $5,539,068 |
| Net Land, buildings, and equipment | $37,443,228 |
| Investments—publicly traded securities | $66,804,370 |
| Investments—other securities | $28,161,334 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $450,291,819 |
| Total assets | $595,585,404 |
| Accounts payable and accrued expenses | $4,804,889 |
| 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 | $235,294 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $484,732,129 |
| Total liabilities | $489,772,312 |
| Net assets without donor restrictions | $105,813,092 |
| 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 | $595,585,404 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hss Properties Corporation has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
Hospital For Special Surgery Fund Inc New York, NY PURPOSE: FLORIDA EXPANSION | $120,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milford Regional Physician Group Inc Milford, MA | $55,077,326 | $98,396,869 |
Montefiore Medicine Academic Health Self Insurance Trist Bronx, NY | $287,426,872 | $78,028,348 |
Circle Health Physicians Inc Lowell, MA | $24,693,078 | $78,082,073 |
Via Affiliates Doylestown, PA | $20,467,499 | $60,672,147 |
Cancer Care Co-Payment Assistance Foundation Inc New York, NY | $80,171,765 | $74,806,659 |
Dorothy Rider Pool Health Care Tr Uw L P Pool No 8 76431 Pittsburgh, PA | $33,435 | $17,533,563 |
Hss Properties Corporation New York, NY | $595,585,404 | $72,958,189 |
Royal Charter Properties - East Inc New York, NY | $212,621,601 | $60,926,484 |
Northeast Professional Registry Of Nurses Inc Beverly, MA | $69,495,666 | $57,554,389 |
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |
Childrens Hospital Radiology Foundation Inc Boston, MA | $61,711,142 | $41,980,369 |