Salina Regional Health Properties Inc
- Assets
- $5.8m
- Revenue
- $1.6m
- Investments
- $3.2m
- Employees
- 0
- Location
- Salina, KS
- Founding
- 12/1994
- Data as of
- 09/2023
- EIN
- 48-1154675
Organization Overview
Salina Regional Health Properties Inc is located in Salina, KS. The organization was established in 1994. 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. Salina Regional Health Properties Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 09/2023, Salina Regional Health Properties Inc generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $1.3m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OWN AND OPERATE MEDICAL OFFICE BUILDINGS FOR A SECTION 501(C)(3) ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN AND OPERATE MEDICAL OFFICE BUILDINGS FOR A SECTION 501(C)(3) ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Tallon Vice President; CFO - Srhc | OfficerTrustee | 1.5 | $0 |
Joel Phelps Treasurer; CEO - Srhc | OfficerTrustee | 1.5 | $0 |
Brian Boyer President | OfficerTrustee | 0.5 | $0 |
John Nelson Director Of Facilities - Srhc | Trustee | 0.5 | $0 |
Mark Ritter Board Treasurer | OfficerTrustee | 1.5 | $0 |
Phil Gilliland Board Secretary | OfficerTrustee | 0.5 | $0 |
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 | $1,557,273 |
| Investment income | $33,380 |
| 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 | $1,590,653 |
| 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 | $0 |
| 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 | $3,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,741 |
| Advertising and promotion | $0 |
| Office expenses | $53,604 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $251,770 |
| Travel | $0 |
| 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 | $279,151 |
| Insurance | $52,077 |
| All other expenses | $519,339 |
| Total functional expenses | $1,255,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,174 |
| 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 | $2,223 |
| Net Land, buildings, and equipment | $2,536,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,214,611 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,786,825 |
| Accounts payable and accrued expenses | $127,814 |
| 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 | $366,730 |
| Total liabilities | $494,544 |
| Net assets without donor restrictions | $5,292,281 |
| 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 | $5,786,825 |