Overview
What is Holy Spirit Corporation?
Holy Spirit Corporation, situated in Hershey, Pennsylvania, is a nonprofit organization primarily involved in leasing medical facilities, encompassing both office and clinical spaces. These facilities are rented out to both related and unrelated parties, with the former category consisting of its tax-exempt parent and affiliates. The net income derived from these leasing activities may either be retained by the corporation or distributed to Holy Spirit Medical Center, a federally tax-exempt organization under IRC Section 501(c)(3).
Official website here: www.pennstatehealth.org
Is Holy Spirit Corporation legitimate?
Holy Spirit Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Holy Spirit 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.pennstatehealth.org
What is the mission statement of Holy Spirit Corporation?
Holy Spirit Corporation primarily leases medical facilities, encompassing office and clinical spaces, to both its related tax-exempt parent organizations and unrelated parties. The corporation retains or distributes the income derived from leasing these properties to Holy Spirit Medical Center, a federally tax-exempt organization under IRC Section 501(C)(3). In essence, Holy Spirit Corporation serves as a facilitator, providing essential medical space for various entities, thereby contributing to the healthcare sector.
Official website here: www.pennstatehealth.org
Who is the CEO of Holy Spirit Corporation?
Steve Massini is the Principal Officer of Holy Spirit Corporation. The CEO's salary of Holy Spirit Corporation is $0 and their total compensation is $2,095,427.
Official website here: www.pennstatehealth.org
What is the revenue of Holy Spirit Corporation?
Holy Spirit Corporation's revenue in 2022 was $2,463,879.
Official website here: www.pennstatehealth.org
Who are the executives of Holy Spirit Corporation and what are their salaries?
There 1 volunteer at Holy Spirit Corporation.
Here are 11 key members and their salaries (Holy Spirit Corporation's CEO's salary is $0 and their total compensation is $2,095,427):
- Compensation: $0
- Related: $2,036,683
- Other: $58,744
- Compensation: $0
- Related: $1,224,046
- Other: $53,126
- Compensation: $0
- Related: $696,188
- Other: $62,317
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $738,739
- Other: $55,470
- Compensation: $0
- Related: $332,353
- Other: $58,768
- Compensation: $0
- Related: $303,897
- Other: $53,089
- Compensation: $0
- Related: $254,967
- Other: $95,500
- Compensation: $0
- Related: $94,748
- Other: $10,435
- Compensation: $0
- Related: $911,609
- Other: $87,240
- Compensation: $0
- Related: $376,172
- Other: $59,006
Official website here: www.pennstatehealth.org
Where can I find the form 990 for Holy Spirit Corporation?
Holy Spirit Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pennstatehealth.org
Learn more at the official website: www.pennstatehealth.org
Mission Statement of Holy Spirit Corporation
Holy Spirit Corporation, a entity engaged in leasing medical facilities, dedicates its mission towards providing office and clinical space to both its related tax-exempt parent and affiliates, as well as to unrelated parties. This organization leverages its ownership of medical facilities, such as office spaces and clinical areas, to offer lease agreements, retaining the net income or distributing it to Holy Spirit Medical Center, a nonprofit organization exempt from federal income tax under IRC Section 501(c)(3). In essence, Holy Spirit Corporation acts as a facilitator of medical facilities, ensuring that various healthcare entities have access to the necessary spaces to carry out their operations.
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Impact
October, 2024
Holy Spirit Corporation (HSC) significantly impacts the healthcare landscape by providing essential leasing services for medical facilities in Hershey, PA. By owning and leasing various medical spaces, including office and clinical environments, HSC facilitates access to healthcare services for both related and unrelated parties. This leasing model supports the operational needs of medical practitioners and health organizations, ultimately enhancing the provision of patient care.
The net income generated from these leases plays a crucial role in sustaining and supporting the Holy Spirit Medical Center, which is dedicated to serving the community's health needs. Through this financial structure, HSC not only secures stable revenue for reinvestment but also contributes to the overall mission of improving health outcomes in the region. This model fosters collaboration among healthcare entities, ensuring that vital medical facilities are utilized effectively and remain accessible to a broad spectrum of patients and providers.
This information is meant to be a general summary of Holy Spirit 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: -$289,616
- Program Service Revenue: $1,996,593
- Gross Receipts: $2,753,495
Assets and Liabilities:
- Total Assets: $27,936,015
- Total Liabilities: $27,454,372
- Net Assets: $481,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTERCOMPANY REVENUE
Revenue
$1,996,593
Organization Details
Founding Year
1982
Phone
(717) 763-2100Principal Officer
Steve Massini
Main Address
100 CRYSTAL A DRIVE MC CA210, HERSHEY, PA, 17033
Website
www.pennstatehealth.orgIf you are a representative of Holy Spirit 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.