Overview
What is Luminis Health Real Estate Holding Co Inc?
Luminis Health Real Estate Holding Co Inc is a real estate holding company, with a primary objective of acquiring and maintaining property titles. It generates income from these properties and subsequently transfers the earnings, minus expenses, to its parent organization, Luminis Health, Inc. The company's role primarily involves property rental to affiliated entities, serving as a crucial financial component within its organizational structure.
Is Luminis Health Real Estate Holding Co Inc legitimate?
Luminis Health Real Estate Holding Co Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Luminis Health Real Estate Holding Co 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
What is the mission statement of Luminis Health Real Estate Holding Co Inc?
Luminis Health Real Estate Holding Company's primary mission is to function as a real estate holding entity. Its primary objective is to acquire properties and maintain title to them. The organization generates income from these properties and subsequently transfers the total amount, after deducting expenses, to its parent company, Luminis Health, Inc. One of its key programs involves renting out properties to its affiliated entities.
Who is the CEO of Luminis Health Real Estate Holding Co Inc?
Kevin L Smith is the Board Member/ Lhaamc Coo of Luminis Health Real Estate Holding Co Inc. The CEO's salary of Luminis Health Real Estate Holding Co Inc is $0 and their total compensation is $2,217,441.
What is the revenue of Luminis Health Real Estate Holding Co Inc?
Luminis Health Real Estate Holding Co Inc's revenue in 2022 was $7,109,141.
Who are the executives of Luminis Health Real Estate Holding Co Inc and what are their salaries?
Here are 7 key members and their salaries (Luminis Health Real Estate Holding Co Inc's CEO's salary is $0 and their total compensation is $2,217,441):
- Compensation: $0
- Related: $488,325
- Other: $34,580
- Compensation: $0
- Related: $885,167
- Other: $47,403
- Compensation: $0
- Related: $534,682
- Other: $32,232
- Compensation: $0
- Related: $590,485
- Other: $45,260
- Compensation: $0
- Related: $1,969,389
- Other: $248,052
- Compensation: $0
- Related: $777,169
- Other: $19,871
- Compensation: $0
- Related: $95,200
- Other: $0
Where can I find the form 990 for Luminis Health Real Estate Holding Co Inc?
Luminis Health Real Estate Holding Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Luminis Health Real Estate Holding Co Inc
Luminis Health Real Estate Holding Co Inc, as a real estate holding company, is organized with a specific purpose. Its mission is to acquire and maintain ownership of properties, generating income from these assets. This income is then channeled back to its primary stockholder, Luminis Health, Inc., retaining only the necessary expenses. The company's activities primarily involve leasing out properties to its affiliated entities, making it a critical component in the financial operations of Luminis Health, Inc.
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Impact
October, 2024
Luminis Health Real Estate Holding Co Inc plays a crucial role in the economic ecosystem by acquiring and managing real estate properties that support the operations of Luminis Health, Inc. As a real estate holding company, it generates rental income from properties leased to affiliates, which helps fund the broader healthcare mission of Luminis Health.
By managing these assets effectively, the company impacts not just the financial stability of Luminis Health but also contributes to the community's overall improvement. The properties they oversee are likely to be aligned with the healthcare needs of the community, ensuring that facilities are well-maintained and accessible. This relationship strengthens community ties and enhances the quality of health services available to residents in Annapolis, MD, and surrounding areas. Overall, Luminis Health Real Estate Holding Co Inc plays a vital role in the infrastructure supporting health initiatives while fostering economic activity through property management.
This information is meant to be a general summary of Luminis Health Real Estate Holding Co 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: $8,995
- Program Service Revenue: $3,738,827
- Gross Receipts: $12,889,187
Assets and Liabilities:
- Total Assets: $71,306,820
- Total Liabilities: $42,004,575
- Net Assets: $29,302,245
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,738,827
Organization Details
Founding Year
1989
Phone
(443) 481-1308Principal Officer
Kevin L Smith
Main Address
2000 MEDICAL PARKWAY SUITE 606, ANNAPOLIS, MD, 21401
NTEE Category
Code: S47 - Community improvement
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