nonprofit logo

Main Line Realty Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222440273 ✦ Newtown square, PA ✦ Designated as a 501(c)(3)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Main Line Realty Corporation?

Main Line Realty Corporation, based in Newtown Square, Pennsylvania, is a nonprofit organization dedicated to managing medical office buildings for the benefit of the Main Line Health System, primarily its hospitals. Their primary role is to oversee the day-to-day operations of these properties, including asset management, accounting services, and managing expenses related to utilities, repairs, real estate taxes, liability insurance, and other medical office building costs. By investing in and managing real estate property, Main Line Realty Corporation aims to support and assist Main Line Health System in its functions, focusing on medical office buildings to enhance the healthcare infrastructure.


Official website here: www.mainlinehealth.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 81% (Three-Star out of Four Star rating)

Main Line Realty Corporation has received a Three-Star rating from Charity Navigator, indicating a solid commitment to accountability and financial management. The organization scored 81% overall, with its score derived entirely from its Accountability & Finance metrics. This strong rating suggests that the nonprofit maintains transparency and responsibility in its financial practices.

The organization excelled in several key areas, achieving maximum points in categories such as financial statements, material diversion of assets, and its conflict of interest policy. Its program expense ratio is particularly noteworthy, with nearly 95% of expenses directed toward its programs, demonstrating a strong focus on its mission rather than administrative costs.

While the overall rating reflects a reliable organization, potential donors should consider that the rating is based solely on accountability and finance metrics. Additional qualitative aspects, such as program effectiveness and community impact, were not assessed in this score, which may limit a comprehensive understanding of the nonprofit's overall performance.


This AI summary has been generated from information found on Charity Navigator.

Is Main Line Realty Corporation legitimate?

Main Line Realty Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Line Realty 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,031,246

For more financial information, click here


Official website here: www.mainlinehealth.org

What is the mission statement of Main Line Realty Corporation?

Main Line Realty Corporation focuses on investing in and managing real estate properties, primarily medical office buildings, to benefit and support a healthcare system, specifically its hospitals. The primary objective of the corporation is to assist and aid the healthcare system in managing its hospital-owned medical office buildings. Services offered consist of asset management and accounting, as well as managing expenses related to the buildings' operation, which encompasses utilities, repairs, real estate taxes, liability insurance, and other medical office building expenses.


Official website here: www.mainlinehealth.org

Who is the CEO of Main Line Realty Corporation?

Michael J Buongiorno is the President/Ex-Officio Trustee of Main Line Realty Corporation.


Official website here: www.mainlinehealth.org

What is the revenue of Main Line Realty Corporation?

Main Line Realty Corporation's revenue in 2022 was $13,488,538.


Official website here: www.mainlinehealth.org

Who are the executives of Main Line Realty Corporation and what are their salaries?

There 1 volunteer at Main Line Realty Corporation.


Here are 5 key members and their salaries:


John J Lynch Iii (President/Ex-Officio Trustee)
  • Compensation: $0
  • Related: $3,879,228
  • Other: $503,806
Michael J Buongiorno (Evp-Finance/Treasurer/Trustee)
  • Compensation: $0
  • Related: $998,977
  • Other: $159,257
Brian T Corbett Esq (Sr. Vp, Gen Counsel/Secretary)
  • Compensation: $0
  • Related: $675,221
  • Other: $143,996
Eileen Carr (Assistant Secretary)
  • Compensation: $0
  • Related: $126,995
  • Other: $26,655
Elizabeth J Balderston (Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mainlinehealth.org

Where can I find the form 990 for Main Line Realty Corporation?

Main Line Realty Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mainlinehealth.org

Learn more at the official website: www.mainlinehealth.org

Mission Statement of Main Line Realty Corporation

Main Line Realty Corporation, a dedicated organization, invests in and manages real estate properties, primarily medical office buildings, for the benefit of the Main Line Health System. This nonprofit corporation's primary focus is to support Main Line Health, particularly its hospitals, by assuming the management of their hospital-owned medical office buildings.

Positioned to enhance patient care, Main Line Realty Corporation offers essential services such as asset management and accounting, overseeing the operation of the buildings and managing the expenses incurred. These expenses encompass utilities, repairs, real estate taxes, liability insurance, and other medical office building expenses. By expertly managing these properties, the corporation ensures that patients can conveniently access outpatient care from physicians located on the Main Line Hospitals and Riddle Memorial Hospital campuses.

In summary, Main Line Realty Corporation plays a pivotal role in the Main Line Health System by managing hospital-owned medical office buildings and handling various operational aspects. This enables hospitals to focus on delivering high-quality healthcare services to their patients while the corporation efficiently manages the property-related tasks.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Main Line Realty Corporation plays a crucial role in enhancing healthcare accessibility by managing and investing in medical office buildings that serve patients in the Main Line Health System. Through its effective stewardship of these properties, the corporation ensures that outpatient services are readily available to individuals seeking care from physicians affiliated with Main Line Hospitals and Riddle Memorial Hospital.

By providing comprehensive asset management, accounting services, and oversight of operational expenses—including utilities, repairs, real estate taxes, and liability insurance—Main Line Realty Corporation maintains high standards for the facilities. This focus on efficient property management not only contributes to the wellbeing of the healthcare system but also ensures that patients experience seamless access to necessary medical services.

Ultimately, the corporation's efforts support the broader mission of Main Line Health, fostering a healthcare environment that prioritizes patient care and improves health outcomes for the community it serves.




This information is meant to be a general summary of Main Line Realty 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.

Revenue
$13,488,538 (2022)
Expenses
$6,388,104 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,123,066
  • Program Service Revenue: $6,716,978
  • Gross Receipts: $13,488,538

Assets and Liabilities:

  • Total Assets: $73,866,993
  • Total Liabilities: $10,297,811
  • Net Assets: $63,569,182

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$1,996,248

OTHER TENANT RELATED INCOME

Revenue

$128,098

MANAGEMENT INCOME

Revenue

$125,883

MLH WELLNESS REVENUE

Revenue

$4,466,749

Organization Details

Founding Year

1983

Principal Officer

Michael J Buongiorno

Main Address

3803 WEST CHESTER PIKE SUITE 250, NEWTOWN SQUARE, PA, 19073

NTEE Category

Code: E210 - Health

If you are a representative of Main Line Realty Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.