Health Systems Real Estate Inc

Nonprofit profile at a glance

EIN
432007488
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Gray, GA, USA
Phone
4786212040
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Nursing Services (General)

Reported finances

Revenue
$36,770,071
Expenses
$29,501,879
Assets
$164,127,607
Liabilities
$25,722,471

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Highest reported compensation

  • RONNIE ROLLINS (DIRECTOR/PRE): $891,809 total reported compensation
  • LORRAINE T TAYLOR (SECRETARY): $797,081 total reported compensation
  • EDWARD S NELSON (SVP - REAL E): $288,513 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization is organized to provide for (i) the acquisition, financing, leasing, maintenance and ownership of skilled nursing facilities, personal care homes, assisted living facilities, congregate care facilities, other types of senior living and housing facilities and other types of inpatient or outpatient facilities to provide the facilities through which healthcare services and related services may be conducted by members of the community health systems, inc. (chsi) integrated healthcare delivery system (ihds); (ii) to the extent determined appropriate or necessary, the leasing and subleasing of such facilities to one or more members of the chsi ihds, and (iii) the use of the organization's leased or owned unimproved real estate or improved real estate in limited liability company, ground lease, parntership or other arrangements to provide the chsi ihds with the use of either the applicable unimproved real estate and/or real estate improvements through which members of the ihd

What it reported doing in 2024

Finance, acquire, lease, maintain and own real estate to be used by members of the chsi integrated healthcare delivery system to carry out their respective charitable purposes.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 46% for direct work, and 54% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. No material rating questions were generated from the available inputs.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 91
  • Accountability: 100
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.1%; rating input score 81
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 19.8%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 5.56; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 2.3%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: 10.3% per year; rating input score 100; 72nd percentile among comparable filings
  • Revenue growth: 6.6% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 0% per year; rating input score 100; 10th percentile among comparable filings

Details

  • Where the money goes: 81.1% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $29.5M in reported program spending
  • Leadership: top reported pay $892K · 7 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $273K reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 45 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.