Gbmc Healthcare Inc
- Assets
- $760.9m
- Revenue
- $3.1m
- Investments
- $760.7m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 03/1987
- Data as of
- 06/2021
- EIN
- 52-1484872
Organization Overview
Gbmc Healthcare Inc is located in Baltimore, MD. The organization was established in 1987. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Gbmc Healthcare 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, Gbmc Healthcare Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 70.2% each year . All expenses for the organization totaled $4.7m during the year ending 06/2021. While expenses have increased by 17.5% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH, MAINTAIN, SUPERVISE, COORDINATE, ASSIST AND PERFORM PLANNING & OTHER FUNCTIONS FOR THE ENTITIES TO PROVIDE HEALTH-RELATED SERVICES OF THE CORPORATION AND ITS AFFILIATED ENTITIES.
Describe the Organization's Program Activity:
ACCOUNTABLE CARE ORGANIZATION WHICH INTEGRATES COMMUNITY PRIMARY CARE WITH HOSPITAL AND MULTI-SPECIALTY CARE IN THE TOWSON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John B Chessare MD Director/ceo Gbmc Healthcare | OfficerTrustee | 15 | $0 |
Mr Stephen T Scott Treasurer | OfficerTrustee | 1 | $0 |
Mr Frederick M Hudson Chair | OfficerTrustee | 1 | $0 |
Mr Thomas H Maddux III Secretary | OfficerTrustee | 1 | $0 |
Mr Timothy L Krongard Vice Chair | OfficerTrustee | 1 | $0 |
J Christopher Greenawalt MD Dir./vice Chief Of Staff (beg 7/20) | OfficerTrustee | 10 | $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 | $3,121,010 |
| Investment income | $0 |
| 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 | $3,121,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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 | $2,353,520 |
| Pension plan accruals and contributions | $60,025 |
| Other employee benefits | $379,831 |
| Payroll taxes | $152,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,856 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,349,046 |
| Advertising and promotion | $0 |
| Office expenses | $9,538 |
| Information technology | $52,774 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $90 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,685 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,445 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,702,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $166,117 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $760,729,302 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $760,895,419 |
| Accounts payable and accrued expenses | $1,739,382 |
| 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 | $0 |
| Total liabilities | $1,739,382 |
| Net assets without donor restrictions | $634,114,282 |
| Net assets with donor restrictions | $125,041,755 |
| 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 | $760,895,419 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gbmc Healthcare Inc has recieved totaling $333,334.
| Awarding Organization | Amount |
|---|---|
Kahlert Foundation Inc Sykesville, MD PURPOSE: TO SUPPORT THE PROMISE PROJECT (HOSPITAL ADDITION AND SANDRA R. BERMAN PAVILION) | $333,334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Monongalia Health System Inc Morgantown, WV | $86,745,766 | $16,010,701 |
Main Line Health System Newtown Square, PA | $716,989,438 | $16,528,062 |
Keystone Human Services Harrisburg, PA | $87,650,682 | $15,974,485 |
Gslpg Inc Allentown, PA | $2,068,397 | $14,256,674 |
Wellspan Health Care Services York, PA | $27,111,355 | $16,698,867 |
Newport News General & Nonsectarian Hospital Assoc Inc Newport News, VA | $153,163,041 | $18,790,275 |
Kuumba Community Health & Wellness Center Inc Roanoke, VA | $14,550,456 | $13,244,163 |
Heritage Valley Health System Inc Beaver, PA | $119,093,589 | $30,915,024 |
Pittsburgh Mercy Health System Inc Pittsburgh, PA | $67,521,734 | $13,055,628 |
Western Maryland Health Care Corporation Oakland, MD | $13,609,447 | $14,070,540 |
Glade Run Medical Associates Kittanning, PA | $1,611,141 | $7,978,684 |