Sentara Halifax Regional Properties Inc
- Assets
- $18.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 54-1801463
Organization Overview
Sentara Halifax Regional Properties Inc is located in Norfolk, VA. The organization was established in 1996. 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. Sentara Halifax Regional 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 12/2021, Sentara Halifax Regional Properties Inc generated $2.1m 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 $1.5m during the year ending 12/2021. While expenses have increased by 2.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HEALTH/WELFARE OF THE COMMUNITY AND TO SUPPORT HALIFAX REGIONAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION, ACQUISITION AND MANAGEMENT OF HALIFAX REGIONAL HOSPITAL, INC.'S REAL ESTATE HOLDINGS SITUATED ON CAMPUS AND IN MEDICALLY UNDERSERVED AREAS OF THE SERVICE AREA.SEE ALSO SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian K Zwoyer Director/president/secretary | OfficerTrustee | 1 | $0 |
Paul A Gaden Director/vice Chairman | OfficerTrustee | 0.1 | $0 |
Carol C Thomas Director/chair | OfficerTrustee | 0.1 | $0 |
Megan R Perry Director/treasurer | OfficerTrustee | 0.1 | $0 |
Robert A Broermann Former Officer | 0 | $0 | |
Jonathan S Davis Director/vice Chairman | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcdannald Construction Inc Construction & Renovation | 12/30/15 | $267,543 |
Odell Associates Inc Architectural & Engineering | 12/30/15 | $114,751 |
Je Burton Construction Co Inc Construction & Renovation | 12/30/15 | $165,579 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,300 |
| 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 | $33,300 |
| Total Program Service Revenue | $2,041,184 |
| Investment income | $1,539 |
| 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 | $2,076,023 |
| 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 | $110,103 |
| 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 | $11,850 |
| Advertising and promotion | $0 |
| Office expenses | $138,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $197,977 |
| 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 | $695,154 |
| Insurance | $22,483 |
| All other expenses | $0 |
| Total functional expenses | $1,453,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,808,869 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $234 |
| 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 | $14,011,868 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,820,971 |
| Accounts payable and accrued expenses | $7,904 |
| 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 | $419,759 |
| Total liabilities | $427,663 |
| Net assets without donor restrictions | $18,393,308 |
| 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 | $18,820,971 |
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