Holy Cross Medical Properties Inc
- Assets
- $0.0
- Revenue
- $858.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- Data as of
- 06/2017
- EIN
- 65-0666283
Organization Overview
Holy Cross Medical Properties Inc is located in Fort Lauderdale, FL. Holy Cross Medical 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 06/2017, Holy Cross Medical Properties Inc generated $858.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $824.6k during the year ending 06/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BUILDING MANAGEMENT SERVICES TO HOLY CROSS HOSPITAL, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLY CROSS MEDICAL PROPERTIES HAD BEEN OPERATING A MEDICAL OFFICE BUILDING IN FURTHERANCE OF THE HEALTH CARE MISSION OF HOLY CROSS HOSPITAL. THE OFFICES ARE RENTED BY PHYSICIANS THAT RENDER CARE FOR THE PATIENTS OF THE HOSPITAL. ON JUNE 29, 2017, HOLY CROSS MEDICAL PROPERTIES MERGED INTO ITS SOLE MEMBER, HOLY CROSS HOSPITAL. THE HOSPITAL IS A NONPROFIT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
HOLY CROSS MEDICAL PROPERTIES HAD BEEN OPERATING A MEDICAL OFFICE BUILDING IN FURTHERANCE OF THE HEALTH CARE MISSION OF HOLY CROSS HOSPITAL. THE OFFICES ARE RENTED BY PHYSICIANS THAT RENDER CARE FOR THE PATIENTS OF THE HOSPITAL. ON JUNE 29, 2017, HOLY CROSS MEDICAL PROPERTIES MERGED INTO ITS SOLE MEMBER, HOLY CROSS HOSPITAL. THE HOSPITAL IS A NONPROFIT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Taylor MD Director; President; Hch CEO | OfficerTrustee | 1 | $0 |
Susan Welsh Rsm Director; Chair (sch O) | OfficerTrustee | 1 | $0 |
Linda Wilford Dir,sec,treas,hch SVP & CFO Thr 4/17 | OfficerTrustee | 1 | $0 |
Todd Radosevich Interim Hch CFO As Of 4/17 | Officer | 1 | $0 |
Patrick Taylor MD Director; President; Hch CEO | OfficerTrustee | 1 | $0 |
Susan Welsh Rsm Director; Chair (sch O) | OfficerTrustee | 1 | $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 | $626,095 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $232,184 |
| 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 | $858,279 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $301,864 |
| Advertising and promotion | $78 |
| Office expenses | $11,394 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $424,487 |
| Insurance | $0 |
| All other expenses | $86,771 |
| Total functional expenses | $824,594 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |