Bronson Properties Corporation
- Assets
- $78.2m
- Revenue
- $14.4m
- Investments
- $1.3m
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 06/2003
- Data as of
- 12/2022
- EIN
- 38-6052573
Organization Overview
Bronson Properties Corporation is located in Kalamazoo, MI. The organization was established in 2003. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bronson 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, Bronson Properties Corporation generated $14.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $14.3m during the year ending 12/2022. While expenses have increased by 5.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDED OFFICE FACILITIES FOR BRONSON HEALTHCARE GROUP, CLINICS, SUBSIDIARIES, AND PHYSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED OFFICE FACILITIES FOR BRONSON HEALTHCARE GROUP, INCLUDING ITS SUBSIDIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manns Bill President And CEO | OfficerTrustee | 4.6 | $0 |
Nyberg Neil Secretary | OfficerTrustee | 1 | $0 |
Odar Michael Treasurer | OfficerTrustee | 1 | $0 |
Eberts Randall Vice Chair | OfficerTrustee | 1 | $0 |
Karre Nelson Chair | OfficerTrustee | 1 | $0 |
Johnston William Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jangula Cleaning Sales & Service Incorpo Cleaning Services | 12/30/22 | $968,589 |
Mike Minne Repairs And Maintenance | 12/30/22 | $152,580 |
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 | $14,337,972 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,449 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,402,323 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,096 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,019,013 |
| Advertising and promotion | $0 |
| Office expenses | $100,787 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,276,694 |
| Travel | $11,185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,249,127 |
| Insurance | $36,389 |
| All other expenses | $0 |
| Total functional expenses | $14,290,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,333,558 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $132,378 |
| 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 | $779,312 |
| Net Land, buildings, and equipment | $40,671,954 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,283,688 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,969,158 |
| Total assets | $78,170,048 |
| Accounts payable and accrued expenses | $530,143 |
| Grants payable | $0 |
| Deferred revenue | $1,327,891 |
| 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 | $32,969,158 |
| Total liabilities | $34,827,192 |
| Net assets without donor restrictions | $43,342,856 |
| 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 | $78,170,048 |