Charleston Medical Center Housing Corporation
- Assets
- $18.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 01/1978
- Data as of
- 06/2021
- EIN
- 55-0581982
Organization Overview
Charleston Medical Center Housing Corporation is located in Charleston, WV. The organization was established in 1978. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charleston Medical Center Housing 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 06/2021, Charleston Medical Center Housing Corporation generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 1.5% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING FOR STUDENTS, INTERNS, RESIDENTS AND OTHER ALLIED HEALTH PROFESSIONALS TRAINING AT CHARLESTON AREA MEDICAL CENTER, INC. ("CAMC"), A NON-STOCK, NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF WEST VIRGINIA AND ROBERT C. BYRD HEALTH SCIENCES CENTER OF WEST VIRGINIA UNIVERSITY, CHARLESTON DIVISION ("WVU CHARLESTON"), A PART OF THE WEST VIRGINIA UNIVERSITY; TO HELP AID, ASSIST AND ADVANCE EDUCATION BY PROVIDING HOUSING FOR STUDENTS, INTERNS, RESIDENTS AND OTHER ALLIED HEALTH PROFESSIONALS; TO CONSTRUCT, ACQUIRE, ESTABLISH, ENLARGE, IMPROVE, OPERATE AND MAINTAIN APARTMENTS AND TO RENT SUCH APARTMENTS TO SUCH PERSONS AND THEIR FAMILIES; AND TO ASSIST GENERALLY IN THE EDUCATIONAL UNDERTAKINGS OF CAMC OR WVU CHARLESTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Ramsey President & CEO | OfficerTrustee | 1 | $0 |
James P Griffith MD Vice President | OfficerTrustee | 1 | $0 |
Stephen Z Bell Treasurer | Officer | 2 | $0 |
Jack L Webb Secretary | Officer | 40 | $0 |
Richard C Sinclair Director | Trustee | 1 | $0 |
Jon Cavendish Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tri State Roofing & Sheet Metal Hvac Repairs | 6/29/21 | $167,114 |
Mirc Construction Services General Contractor | 6/29/21 | $133,269 |
Charleston Area Medical Centerinc Management Services | 6/29/21 | $315,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $362,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $436,315 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,832,791 |
| Statement of Expenses | |
|---|---|
| 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 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 | $315,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,948 |
| Fees for services: Other | $57,867 |
| Advertising and promotion | $0 |
| Office expenses | $5,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $172,127 |
| Travel | $97 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $279,395 |
| Insurance | $55,271 |
| All other expenses | $0 |
| Total functional expenses | $1,174,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,568 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,291 |
| 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 |
| Investments—publicly traded securities | $12,604,966 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,321,906 |
| Accounts payable and accrued expenses | $60,979 |
| Grants payable | $0 |
| Deferred revenue | $730 |
| Tax-exempt bond liabilities | $1,413,096 |
| 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 | $103,023 |
| Total liabilities | $1,577,828 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $16,744,078 |
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|---|---|---|
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