North Jersey Health Care Properties Inc
Nonprofit profile at a glance
- EIN
- 223519709
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Morristown, NJ, USA
- Phone
- 9734512005
- Rating confidence
- Limited
- Sector
- Real Estate Associations
Reported finances
- Revenue
- $-350,384
- Expenses
- $160,821
- Assets
- $18,834,197
- Liabilities
- $11,474,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Kevin Lenahan (President & Treasurer)
Highest reported compensation
- Kevin Lenahan (President & Treasurer): $3,385,858 total reported compensation
- Sheilah O'Halloran (Secretary): $2,141,415 total reported compensation
- Robert Adams (Director): $1,452,117 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Formed to own commercial buildings and conduct leasing activities.
What it reported doing in 2024
To provide greater access to healthcare services for residents of Sussex County, New Jersey and Pike County, Pennsylvania, North Jersey Health Care Properties, in conjunction with Newton Medical Center, constructed the Sparta Health and Wellness and Milford Health and Wellness facilities.Sparta Health and Wellness Center, located in Sparta, New Jersey, provides greater access to healthcare services for residents of Sussex County and surrounding communities. Services available include a regional cancer center, laboratory services, and imaging center, wound services, a spice center, women's fitness, women's diagnostic services including a mammography suite, diabetes and nutritional programs, and various other health related programs. The site also features a wide array of physician services, including family practitioners, pediatricians and various specialty practices.Milford Health and Wellness Center, located in Milford, Pennsylvania, provides greater access to healthcare services for residents of Pike County, Pennsylvania and the surrounding communities. More than 76,000 people access its services each year. Milford Urgent Care, located at the Health and Wellness Center, provides quality urgent care close to home, seven days a week, twelve hours a day. Other services available at the center include Newton Medical Center lab and radiology services and an array of private practice physician offices, including family practitioners, cardiologists, internal medicine practitioners, and pediatricians.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 67
- Accountability: 32
- Sustainability: 37
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -145.9%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 117.11; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.61; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 668.9%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -14.2% per year; rating input score 0; 26th percentile among comparable filings
- Asset growth: 1.3% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 0 of 4 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $3.4M · 4 people listed · 0 of 6 pay-setting controls reported
- Consistency: 14 of 14 current checks pass
- Schedules: 4 filed schedules · includes executive pay and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 47 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 16/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 1/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.