Overview
What is Hss Properties Corporation?
Hss Properties Corporation is a nonprofit organization located at 535 East 70th Street, New York, NY 10021. Their primary mission involves acquiring, holding, and operating certain real estate properties for use by their tax-exempt affiliated entity, the Hospital for Special Surgery. By doing so, Hss Properties Corporation supports the operations of the hospital and may provide funds from their operations to the Hospital for Special Surgery and other charitable health-related organizations. With a team of six employees, they contribute to the healthcare sector through real estate management.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Hss Properties Corporation has earned a Three-Star rating from Charity Navigator, with an overall score of 79%. This rating reflects a strong emphasis on Accountability and Finance, where the organization scored particularly well in areas such as independent board membership and the presence of essential policies like conflict of interest and whistleblower protections.
The nonprofit boasts a high percentage of independent board members and has a robust audit and oversight committee in place, which enhances its credibility in financial management. The program expense ratio is notably high at 98.68%, indicating that most of the organization's expenditures are directed toward program services rather than administrative costs, which is a positive sign for potential donors.
However, the organization received no points in the Liabilities to Assets ratio, indicating potential concerns regarding financial stability. While the lack of material diversion of assets is commendable, the overall financial risk highlighted by the liabilities may be a point of consideration for stakeholders evaluating the organization's long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Hss Properties Corporation legitimate?
Hss Properties Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hss Properties Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $629,729
Professional Fundraising Fees: $0
Other Salaries and Wages: $281,909
For more financial information, click here
What is the mission statement of Hss Properties Corporation?
Hss Properties Corporation is dedicated to acquiring, holding, and operating specific real estate properties. These properties are intended for use by its tax-exempt affiliate, the Hospital for Special Surgery. The corporation functions as a supporter, providing funds from its operations to both the Hospital for Special Surgery and other charitable health-related organizations. The primary objective of Hss Properties Corporation is to contribute to the healthcare sector by facilitating the use of its real estate holdings for the benefit of the affiliated hospital and related organizations.
Who is the CEO of Hss Properties Corporation?
Louis Shapiro is the Principal Officer of Hss Properties Corporation. The CEO's salary of Hss Properties Corporation is $208,233 and their total compensation is $4,254,269.
What is the revenue of Hss Properties Corporation?
Hss Properties Corporation's revenue in 2022 was $68,422,892.
Who are the executives of Hss Properties Corporation and what are their salaries?
The average compensation at Hss Properties Corporation during 2022 was $151,940. There are 6 employees and 47 volunteers at Hss Properties Corporation.
Here are 52 key members and their salaries (Hss Properties Corporation's CEO's salary is $208,233 and their total compensation is $4,254,269):
- Compensation: $208,233
- Related: $3,956,428
- Other: $89,608
- Compensation: $295,599
- Related: $2,167,730
- Other: $76,529
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- Related: $953,494
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- Related: $571,474
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- Related: $523,784
- Other: $32,169
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- Related: $116,283
- Other: $62,229
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Where can I find the form 990 for Hss Properties Corporation?
Hss Properties Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hss Properties Corporation
Hss Properties Corporation, a key player in the real estate sector, is dedicated to acquiring, holding, and operating certain properties for the benefit of its tax-exempt affiliate, the Hospital for Special Surgery. This New York-based corporation serves as a vital partner to the hospital by providing it with the necessary real estate for its operations.
In its mission to support the Hospital for Special Surgery, Hss Properties Corporation uses its resources to ensure the availability of suitable premises for the hospital's growth and development. By managing these properties, the corporation not only enables the hospital to provide world-class healthcare services but also contributes to the broader charitable cause of improving the health and wellbeing of numerous communities.
Hss Properties Corporation's commitment to the Hospital for Special Surgery extends beyond the provision of real estate. The corporation's operations generate funds that are channeled towards the hospital and other charitable health-related organizations. As a result, the corporation plays a pivotal role in furthering the reach and impact of these vital institutions.
Hss Properties Corporation's unwavering dedication to its charitable affiliate underscores its importance as a philanthropic partner in the healthcare sector. By focusing on the acquisition, holding, and operation of real estate for the Hospital for Special Surgery, this corporation plays a crucial role in empowering the hospital to deliver exceptional healthcare services and make a positive difference in the lives of countless individuals.
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Impact
October, 2024
Hss Properties Corporation significantly impacts the healthcare landscape by acquiring, holding, and operating essential real estate for the Hospital for Special Surgery (HSS). This strategic focus allows HSS to expand its facilities, enhancing the delivery of specialized medical services. The corporation not only supports the operational needs of HSS but can also channel funds from its activities to support HSS and other charitable health-related organizations. This financial backing fosters innovation and excellence in patient care, ultimately benefiting the community in New York and beyond through improved access to specialized surgical services and related health resources.
This information is meant to be a general summary of Hss Properties Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,319,122
- Program Service Revenue: $65,983,927
- Gross Receipts: $86,673,496
Assets and Liabilities:
- Total Assets: $559,032,760
- Total Liabilities: $463,126,534
- Net Assets: $95,906,226
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OFFICE/STAFF APT RENTAL
Revenue
$61,656,758
OFFICE/STAFF APT PARKING
Revenue
$3,810,135
HOTEL RENTAL
Revenue
$517,034
Organization Details
Founding Year
1984
Phone
(212) 606-1000Principal Officer
Louis Shapiro
Main Address
535 EAST 70TH STREET, NEW YORK, NY, 10021
NTEE Category
Code: E110 - Health
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