Overview
What is Wellspan Properties Inc?
Wellspan Properties Inc is a charitable corporation based in York, Pennsylvania, which supports its parent company, Wellspan Health, and related entities, forming part of a comprehensive healthcare delivery system. As a community-focused, not-for-profit organization, Wellspan Health aims to lead in developing, delivering, and coordinating high-quality, convenient, and affordable health care services that enhance the health and well-being of the people it serves. Through more than 130 patient care locations, the organization offers various services, including diagnostic imaging, laboratory testing, rehabilitation, primary care, retail pharmacy, walk-in health care, and other essential services. With approximately 1,200 medical and dental staff members, 8 hospitals, and more than 43,000 annual admissions, the system provides comprehensive worksite wellness services, an employee assistance program, and serves over 30,000 residents in seven counties. Wellspan Properties, exempt from federal income tax, generates revenue by charging rent for its facilities and supports its 501(C)(3) affiliates to improve access to coordinated, high-quality healthcare services, educate the healthcare providers of tomorrow, promote healthy lifestyles, and make local communities healthier places to live, work, and play.
Official website here: www.wellspan.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Wellspan Properties Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in their operations and governance. The organization scored 66% overall, which reflects some strengths in financial oversight and transparency, particularly with their audit and oversight practices scoring full points. However, the lack of independent board members raises concerns about governance and accountability.
The nonprofit demonstrates a strong commitment to program expenses, with an impressive program expense ratio of 94.35%. This suggests that a significant majority of funds are directed toward fulfilling their mission. Additionally, they have established key policies such as conflict of interest and whistleblower protections, which contribute to ethical operations.
Despite these positives, the absence of independent board members and a high liabilities to assets ratio of 84.07% highlight significant areas for concern. Furthermore, the missing tax form on their website limits transparency regarding financial performance. These factors collectively indicate that while Wellspan Properties Inc has a strong programmatic focus, enhancements in governance and financial health are essential for gaining trust and confidence from stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Wellspan Properties Inc legitimate?
Wellspan Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellspan Properties 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
For more financial information, click here
Official website here: www.wellspan.org
What is the mission statement of Wellspan Properties Inc?
Wellspan Properties Inc is a charitable corporation that develops medical centers and leases them to tax-exempt affiliates. As a support organization for Wellspan Health and related companies, it contributes to a healthcare delivery system dedicated to delivering and coordinating high-quality, affordable health services. Through more than 130 patient care locations offering various services, including diagnostic imaging, laboratory testing, rehabilitation, primary care, retail pharmacy, and walk-in healthcare, Wellspan Properties enhances access to comprehensive healthcare services. The organization takes advantage of tax-exempt bond pools to finance facility purchases or construction, and generates revenue by charging rent for its facilities. Nearly all revenue comes from purely public, affiliated charitable organizations. Wellspan Properties' mission aligns with its parent company, supporting its affiliates to improve the health and well-being of the people they serve.
Official website here: www.wellspan.org
Who is the CEO of Wellspan Properties Inc?
Roxanna Gapstur is the President & Ceo - Wellspan Health of Wellspan Properties Inc. The CEO's salary of Wellspan Properties Inc is $0 and their total compensation is $2,253,459.
Official website here: www.wellspan.org
What is the revenue of Wellspan Properties Inc?
Wellspan Properties Inc's revenue in 2022 was $20,537,040.
Official website here: www.wellspan.org
Who are the executives of Wellspan Properties Inc and what are their salaries?
Here are 7 key members and their salaries (Wellspan Properties Inc's CEO's salary is $0 and their total compensation is $2,253,459):
- Compensation: $0
- Related: $1,729,380
- Other: $80,495
- Compensation: $0
- Related: $761,262
- Other: $67,466
- Compensation: $0
- Related: $840,750
- Other: $68,808
- Compensation: $0
- Related: $317,452
- Other: $59,182
- Compensation: $0
- Related: $2,170,321
- Other: $83,138
- Compensation: $0
- Related: $14,655
- Other: $2,406
- Compensation: $0
- Related: $833,772
- Other: $27,389
Official website here: www.wellspan.org
Where can I find the form 990 for Wellspan Properties Inc?
Wellspan Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wellspan.org
Learn more at the official website: www.wellspan.org
Mission Statement of Wellspan Properties Inc
Wellspan Properties Inc, a charitable corporation, is dedicated to developing medical centers and leasing them to tax-exempt affiliates. This organization plays a significant role in supporting its parent company, Wellspan Health, and related entities, collectively known as a healthcare delivery system. Wellspan Properties aims to improve the health and well-being of the people it serves by providing access to quality, convenient, and affordable healthcare services.
Wellspan Properties' efforts result in more than 130 patient care locations offering various services such as diagnostic imaging, laboratory testing and analysis, rehabilitation, primary care, retail pharmacy, walk-in healthcare, and other essential services. These services are provided through 47 ambulatory care and outpatient sites and six retail pharmacy sites, as well as approximately 1200 medical and dental staff members, eight hospitals with over 850 beds and more than 43,000 annual admissions. Wellspan Health also includes York Health Plan, a preferred provider organization and third-party administrator serving 55 employers and nearly 30,000 residents, and South Central Preferred. Additionally, Wellspan Properties offers comprehensive workplace wellness services, including an Employee Assistance Program (EAP), serving over one hundred fifty employers with more than 100,000 lives.
Wellspan Properties, exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, generates revenue by charging rent for its facilities. The majority of its revenue, 95.4%, is derived from purely public, affiliated charitable organizations. Wellspan Properties' mission is to support its tax-exempt 501(c)(3) affiliates, including York Hospital, Gettysburg Hospital, Wellspan Medical Group, The Good Samaritan Hospital of Lebanon Pennsylvania, Ephrata Community Hospital, VNA Home Health Services, and VNA Community Services. All of these supported affiliates are purely public charities and exempt from Pennsylvania sales tax.
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Impact
October, 2024
Wellspan Properties Inc significantly enhances healthcare access and infrastructure in York, Adams, Lancaster, and surrounding counties through the development of medical centers tailored for tax-exempt affiliates of Wellspan Health. By focusing on the creation and leasing of facilities that support a comprehensive healthcare delivery system, Wellspan Properties aids its parent organization in fulfilling its mission to improve the health and well-being of community members.
This organization plays a crucial role in facilitating a wide range of essential medical services available across more than 130 patient care locations. These encompass diagnostic imaging, laboratory services, rehabilitation, and primary care. The strategic placement of these medical centers not only alleviates barriers to healthcare access but also promotes healthier lifestyles and well-being in the communities served.
Wellspan Properties utilizes tax-exempt bond pools to finance the construction and enhancement of these facilities, ensuring that they remain cost-effective and sustainable. With 95.4 percent of its revenue sourced from purely public affiliated charitable organizations, Wellspan Properties is instrumental in creating a robust support system for its partner hospitals and healthcare services. This interconnected approach creates an integrated healthcare framework that addresses diverse patient needs.
Through its activities, Wellspan Properties Inc fosters not just individual health improvements but also contributes to building healthier communities where residents can live, work, and play, ultimately reinforcing the overall quality of life in the regions it serves.
This information is meant to be a general summary of Wellspan Properties 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 2022.
- Investment Income: $117,213
- Program Service Revenue: $20,419,813
- Gross Receipts: $20,537,040
Assets and Liabilities:
- Total Assets: $180,717,272
- Total Liabilities: $149,774,898
- Net Assets: $30,942,374
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE EXEMPT
Revenue
$20,419,813
Organization Details
Founding Year
1987
Phone
(717) 851-3055Principal Officer
Roxanna Gapstur
Main Address
PO BOX 2767, YORK, PA, 174052767
Website
www.wellspan.orgNTEE Category
Code: L99Z - Housing
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