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Saint Barnabas Realty Development Corporation

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

EIN: 222940008 ✦ Oceanport, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Saint Barnabas Realty Development Corporation?

Saint Barnabas Realty Development Corporation is a nonprofit organization that plays a vital role in supporting Comprehensive Barnabas Medical Center and other affiliated institutions under RWJBarnabas Health. Its primary mission involves managing and operating rental spaces of properties owned and rented by RWJBarnabas Health. The corporation incurs expenses in this endeavor, contributing to the overall well-being and operations of these healthcare facilities. By coordinating the management and operation of rental spaces, Saint Barnabas Realty Development Corporation indirectly contributes to the healthcare services provided by RWJBarnabas Health.


Official website here: www.rwjbh.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 66% (Two-Star out of Four Stars)

Saint Barnabas Realty Development Corporation has received a Two-Star rating from Charity Navigator, indicating areas for improvement in accountability and finance. The organization scored moderately well overall, with a notable performance in financial oversight, maintaining a robust audit and oversight committee, and adhering to key policies like conflict of interest and whistleblower protections.

However, the nonprofit has significant weaknesses, particularly in the independence of its board. None of the board members are independent, which raises concerns about governance and transparency. Additionally, the organization scored poorly in the area of posting its tax forms on its website, which can limit public access to important financial information.

While the program expense ratio is strong, suggesting that resources are being allocated effectively toward programmatic efforts, the liabilities to assets ratio was notably low, indicating potential financial instability. Overall, while Saint Barnabas Realty Development Corporation has some strengths, it needs to address its governance structure and financial transparency to enhance its ratings and public trust.


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

Is Saint Barnabas Realty Development Corporation legitimate?

Saint Barnabas Realty Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saint Barnabas Realty Development 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: $0

For more financial information, click here


Official website here: www.rwjbh.org

What is the mission statement of Saint Barnabas Realty Development Corporation?

Saint Barnabas Realty Development Corporation's mission is to support Comporan Barnabas Medical Center and other RWJBarnabas Health affiliates. The organization plays a crucial role in coordinating the management and operation of rental spaces that are owned and rented by RWJBarnabas Health. By doing so, it contributes to the overall functioning of these healthcare institutions, ensuring their smooth operation. The corporation's activities primarily involve incurring expenses to support these healthcare centers. Although not explicitly stated, it can be inferred that their goal is to contribute to the overall well-being and effectiveness of these healthcare facilities.


Official website here: www.rwjbh.org

Who is the CEO of Saint Barnabas Realty Development Corporation?

William Cuthill is the Trustee - Rwjbh Svp Facilities of Saint Barnabas Realty Development Corporation. The CEO's salary of Saint Barnabas Realty Development Corporation is $0 and their total compensation is $8,821,142.


Official website here: www.rwjbh.org

What is the revenue of Saint Barnabas Realty Development Corporation?

Saint Barnabas Realty Development Corporation's revenue in 2022 was $5,259,720.


Official website here: www.rwjbh.org

Who are the executives of Saint Barnabas Realty Development Corporation and what are their salaries?


Here are 4 key members and their salaries (Saint Barnabas Realty Development Corporation's CEO's salary is $0 and their total compensation is $8,821,142):


Barry H Ostrowsky (Chair-Trustee/Rwjbh Ceo)
  • Compensation: $0
  • Related: $7,241,650
  • Other: $1,579,492
David A Mebane Esq (Trustee-Rwjbh Evp/Gen Counsel)
  • Compensation: $0
  • Related: $1,813,605
  • Other: $404,718
William Cuthill (Trustee - Rwjbh Svp Facilities)
  • Compensation: $0
  • Related: $962,450
  • Other: $237,690
Gary V Lotano (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.rwjbh.org

Where can I find the form 990 for Saint Barnabas Realty Development Corporation?

Saint Barnabas Realty Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.rwjbh.org

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

Mission Statement of Saint Barnabas Realty Development Corporation

Saint Barnabas Realty Development Corporation plays a pivotal role in supporting Comprehensive Barnabas Medical Center and other affiliated institutions under RWJBarnabas Health. The organization's mission is primarily centered around coordinating the management and operation of rental spaces that are either owned or rented by RWJBarnabas Health. By undertaking this task, Saint Barnabas Realty Development Corporation contributes to the overall functioning and success of these healthcare facilities. The Corporation's activities incur expenses aimed at supporting these medical centers, ensuring a smooth operation of the rental spaces they manage.

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Impact




October, 2024

Saint Barnabas Realty Development Corporation significantly contributes to the healthcare ecosystem by supporting the operations of Cooperman Barnabas Medical Center and other RWJBarnabas Health affiliates. By managing and coordinating rental spaces for properties under RWJBarnabas Health, it ensures that these facilities operate efficiently and effectively. This streamlined management allows the medical center and its affiliates to focus on delivering high-quality healthcare services to the community. The organization's efforts help sustain the infrastructure necessary for providing essential medical services, enhancing access to health care for the residents of Oceanport, NJ, and surrounding areas.




This information is meant to be a general summary of Saint Barnabas Realty Development 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
$5,259,720 (2022)
Expenses
$8,926,801 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,148,859
  • Gross Receipts: $5,259,720

Assets and Liabilities:

  • Total Assets: $101,070,162
  • Total Liabilities: $126,142,883
  • Net Assets: -$25,072,721

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Organization Details

Founding Year

1987

Principal Officer

William Cuthill

Main Address

C/O CORP FINANCE 2 CRESCENT PLACE, OCEANPORT, NJ, 07757

NTEE Category

Code: E190 - Health

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