St Lukes Sugar Land Properties Corporation

Organization Overview

St Lukes Sugar Land Properties Corporation is located in Houston, TX. The organization was established in 2014. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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.

For the year ending 06/2020, St Lukes Sugar Land Properties Corporation generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $6.1m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

ST. LUKE'S SUGAR LAND PROPERTIES CORPORATION'S PURPOSE IS TO OWN, HOLD, OPERATE, MAINTAIN, LEASE, AND OTHERWISE MANAGE THE REAL PROPERTY THAT CONSISTS OF THE SUGAR LAND HOSPITAL CAMPUS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN SUPPORT OF THE CHARITABLE MISSION OF ITS EXEMPT PARENT HOSPITAL CORPORATION, THE PURPOSE OF ST. LUKE'S SUGAR LAND PROPERTIES CORPORATION (SLSLPC) IS TO OWN, HOLD, OPERATE, MAINTAIN, LEASE, AND OTHERWISE MANAGE THE REAL PROPERTY THAT ENCOMPASSES THE SUGAR LAND HOSPITAL CAMPUS. SLSLPC OWNS AND MAINTAINS THE REAL PROPERTY THAT SUPPORTS THE ST. LUKE'S SUGAR LAND HOSPITAL OPERATIONS AS WELL AS THE ADJACENT REAL PROPERTY THAT SERVES AS A MEDICAL OFFICE BUILDING FOR THE PHYSICIANS THAT SERVE THE HOSPITAL.IN JULY OF 2019, SLSLPC SOLD THE SUGAR LAND MEDICAL OFFICE BUILDING THAT GENERATED RENTAL REVENUE.


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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$234,286
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,272,102
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,562,400

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