Overview
What is Mount Sinai Med Office Buildii Inc?
Mount Sinai Med Office Buildii Inc is a nonprofit organization established primarily to manage property-related affairs. Its primary objective is to hold the title to specific property, generate income from it, and subsequently transfer the majority of the earnings, after accounting for expenses and reasonable reserves, to Mount Sinai Medical Center of Florida, Inc. This recipient organization, exempt from taxation under Section 501(C)(3) of the Internal Revenue Code, utilizes these funds for its charitable activities. In essence, Mount Sinai Med Office Buildii Inc acts as a financial intermediary, supporting the operations of the Mount Sinai Medical Center of Florida, Inc.
Is Mount Sinai Med Office Buildii Inc legitimate?
Mount Sinai Med Office Buildii Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Mount Sinai Med Office Buildii Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Mount Sinai Med Office Buildii Inc?
Mount Sinai Med Office Buildii Inc is established with a specific purpose. Its mission is to hold title to a certain property and generate income from it. The organization then transfers the entire income, after deducting expenses and reasonable reserves, to Mount Sinai Medical Center of Florida, Inc., a non-profit organization exempt from taxation under Section 501(c)(3) of the Internal Revenue Code. Essentially, Mount Sinai Med Office Buildii Inc serves as a financial intermediary, channeling funds to Mount Sinai Medical Center of Florida, Inc. for its operations.
Who is the CEO of Mount Sinai Med Office Buildii Inc?
Steven D Sonenreich is the CEO of Mount Sinai Med Office Buildii Inc The CEO's salary of Mount Sinai Med Office Buildii Inc is $0 and their total compensation is $1,084,684.
What is the revenue of Mount Sinai Med Office Buildii Inc?
Mount Sinai Med Office Buildii Inc's revenue in 2023 was $158,523.
Who are the executives of Mount Sinai Med Office Buildii Inc and what are their salaries?
Here are 3 key members and their salaries (Mount Sinai Med Office Buildii Inc's CEO's salary is $0 and their total compensation is $1,084,684):
- Compensation: $0
- Related: $1,366,300
- Other: $100,266
- Compensation: $0
- Related: $1,860,277
- Other: $74,144
- Compensation: $0
- Related: $1,084,684
- Other: $0
Where can I find the form 990 for Mount Sinai Med Office Buildii Inc?
Mount Sinai Med Office Buildii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mount Sinai Med Office Buildii Inc
Mount Sinai Med Office Buildii Inc, as per its mission, is established for a singular purpose. This organization serves to hold the title to a specific property, generate income from it, and subsequently transfer the entire earnings, after deducting expenses and reasonable reserves, to Mount Sinai Medical Center of Florida, Inc. This recipient organization is exempt from taxation under Section 501(c)(3) of the Internal Revenue Code. In essence, Mount Sinai Med Office Buildii Inc acts as a property holding entity, generating revenue and channeling it towards its affiliated tax-exempt organization, Mount Sinai Medical Center of Florida, Inc.
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Impact
October, 2024
Mount Sinai Medical Office Building II, Inc. plays a vital role in supporting the healthcare services provided by the Mount Sinai Medical Center of Florida. By holding title to property and generating income through its operations, it enhances the financial stability of the medical center. The income collected is then utilized to sustain and improve medical services, ensuring that the community has access to essential healthcare resources.
This organization contributes to community improvement by maintaining and enhancing the facilities that are crucial for patient care. As it directs its earnings, after covering necessary expenses and reserves, exclusively to the medical center, it helps bolster the center's mission and capacity to serve patients effectively. Its dedicated focus on supporting a key healthcare institution directly impacts the availability and quality of medical services in Miami Beach and the surrounding areas.
This information is meant to be a general summary of Mount Sinai Med Office Buildii Inc. 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 2023.
- Investment Income: $395
- Gross Receipts: $158,523
Assets and Liabilities:
- Total Assets: $4,328,248
- Total Liabilities: $0
- Net Assets: $4,328,248
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Organization Details
Founding Year
2005
Principal Officer
Gino Santorio
NTEE Category
Code: S47 - Community improvement
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