Wellspan Properties Inc

Organization Overview

Wellspan Properties Inc is located in York, PA. The organization was established in 1988. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspan Properties Inc 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 06/2021, Wellspan Properties Inc generated $19.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $18.2m during the year ending 06/2021. While expenses have increased by 9.7% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF WELLSPAN PROPERTIES IS TO DEVELOP MEDICAL CENTERS AND LEASE TO TAX-EXEMPT AFFILIATES.

Describe the Organization's Program Activity:

WELLSPAN PROPERTIES, INC. ("WP") IS A CHARITABLE CORPORATION THAT SUPPORTS A PARENT COMPANY, WELLSPAN HEALTH ("WSH"), AND RELATED COMPANIES, COLLECTIVELY A HEALTH CARE DELIVERY SYSTEM, IN YORK, ADAMS, LANCASTER AND SURROUNDING COUNTIES. AS A COMMUNITY-BASED, NOT FOR-PROFIT ORGANIZATION, WSH IS DEDICATED TO BEING THE LEADER IN DEVELOPING, DELIVERING AND COORDINATING HEALTH CARE SERVICES, WHICH IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE IT SERVES. WSH PROVIDES, THROUGH ITS SUBSIDIARIES, ACCESS TO QUALITY, CONVENIENT AND AFFORDABLE HEALTH CARE THROUGH MORE THAN 130 PATIENT CARE LOCATIONS THAT OFFER SERVICES SUCH AS DIAGNOSTIC IMAGING, LABORATORY TESTING AND ANALYSIS, REHABILITATION, PRIMARY CARE, RETAIL PHARMACY, WALK-IN HEALTH CARE AND OTHER ESSENTIAL SERVICES. THESE SERVICES INCLUDE 47 AMBULATORY CARE AND OUTPATIENT SITES IN YORK, ADAMS, LANCASTER AND SURROUNDING COUNTIES AS WELL AS NORTHERN MARYLAND. WSH ALSO PROVIDES SIX RETAIL PHARMACY SITES, 70 PRIMARY CARE AND SPECIALTY PHYSICIAN OFFICES, APPROXIMATELY 1200 MEDICAL AND DENTAL STAFF MEMBERS, EIGHT HOSPITALS WITH MORE THAN 850 BEDS AND MORE THAN 43,000 ANNUAL ADMISSIONS. WSH INCLUDES YORK HEALTH PLAN, D/B/A SOUTH CENTRAL PREFERRED, A PREFERRED PROVIDER ORGANIZATION AND THIRD PARTY ADMINISTRATOR SERVING 55 EMPLOYERS AND NEARLY 30,000 RESIDENTS OF YORK, ADAMS, CUMBERLAND, DAUPHIN, LEBANON, PERRY AND FRANKLIN COUNTIES. SCP ALSO PROVIDES COMPREHENSIVE WORKSITE WELLNESS SERVICES, THAT INCLUDES AN EMPLOYEE ASSISTANCE PROGRAM (EAP), CURRENTLY SERVING OVER ONE-HUNDRED FIFTY EMPLOYERS WITH MORE THAN 100,000 LIVES. WP SUPPORTS WSH AND ITS MISSION TO IMPROVE THE HEALTH AND WELL BEING OF THE PEOPLE IT SERVES. WSH WILL ASSUME A LEADERSHIP ROLE AND DEVELOP PARTNERSHIPS WITH OTHER ORGANIZATIONS TO IMPROVE ACCESS TO COORDINATED HIGH-QUALITY COST-EFFECTIVE HEALTH CARE SERVICES, EDUCATE THE HEALTH CARE PROVIDERS OF TOMORROW, PROMOTE HEALTHY LIFESTYLES AND LIFE-LONG WELLNESS AND MAKE ITS LOCAL COMMUNITIES HEALTHIER, MORE DESIRABLE PLACE TO LIVE, WORK AND PLAY. WP, WHICH IS EXEMPT FROM FEDERAL INCOME TAX PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS A COMPONENT OF WELLSPAN HEALTH CARE SERVICES ("WHCS"). WP'S PARENT, WHCS, IS ALSO EXEMPT FROM FEDERAL INCOME TAX AND IS THE SOLE MEMBER OF WP. WHCS IS A COMPONENT OF WSH, WHICH IS ALSO EXEMPT FROM FEDERAL INCOME TAX. WP WAS FORMED BY WSH AS A MEANS OF HANDLING REAL ESTATE TRANSACTIONS FOR FACILITIES TO BE USED IN FURTHERING WSH'S MISSION OF IMPROVING ACCESS TO COORDINATED, HIGH-QUALITY, COST-EFFECTIVE AND COMPASSIONATE HEALTHCARE SERVICES. WP TAKES ADVANTAGE OF TAX-EXEMPT BOND POOLS TO FINANCE THE PURCHASE OR CONSTRUCTION OF FACILITIES USED FOR THIS PURPOSE. WP, A PENNSYLVANIA NOT-FOR-PROFIT, GENERATES ITS REVENUE BY CHARGING RENT FOR ITS FACILITIES. OF THE REVENUE RECEIVED, 95.4 PERCENT IS DERIVED FROM PURELY PUBLIC AFFILIATED CHARITABLE ORGANIZATIONS. WP'S PURPOSE IS TO SUPPORT WSH AND ITS AFFILIATES TO IMPROVE THE HEALTH AND WELL- BEING OF THE PEOPLE IT SERVICES. WP SUPPORTS IT'S 501(C)(3) WSH AFFILIATES, INCLUDING YORK HOSPITAL, GETTYSBURG HOSPITAL, WELLSPAN MEDICAL GROUP, THE GOOD SAMARITAN HOSPITAL OF LEBANON PENNSYLVANIA, EPHRATA COMMUNITY HOSPITAL, VNA HOME HEALTH SERVICES AND VNA COMMUNITY SERVICES, EACH OF WHICH IS A SECTION 501(C)(3) ORGANIZATION AND A PUBLIC CHARITY AS DESCRIBED IN SECTION 509(A)(1) OR 509(A)(2) OF THE CODE. ALL OF THE SUPPORTED AFFILIATED ORGANIZATIONS ARE PURELY PUBLIC CHARITIES AND EXEMPT FROM PENNSYLVANIA SALES TAX. ALL LEASES WERE AT FAIR MARKET VALUE.SEE WELLSPAN HEALTH - 2021 COMMUNITY BENEFIT REPORT LOCATED AT HTTPS://WWW.WELLSPAN.ORG/ABOUT/WELLSPAN-IN-THE-COMMUNITY/2021-COMMUNITY-BENEFIT-REPORT/


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Board, Officers & Key Employees

Name (title)Compensation
John Porter
Chairman
$0
Roxanna Gapstur
Ceo-Wsh/dir.
$0
Victoria Diamond
Vice Chair
$0
Laura Buczkowski
Sr VP & CFO Wsh
$0
Chrysta Stine
Director
$0
Michael O'connor
Former Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mikes Lawn Care
Landscaping
$179,905
Barley Snyder Llp
Legal Services
$150,046
Strathmeyer Landscape
Lawn Care
$281,231
J-mar Landscaping Inc
Lawn Care
$339,699
Johnson Mirmiran & Thompson
Infrastructure Services
$125,554
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
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$0
Total Program Service Revenue$19,195,678
Investment income $29,514
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,225,192

Peer Organizations

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