Overview
What is Presbyterian Properties Inc?
Presbyterian Properties Inc is a nonprofit organization situated in Albuquerque, New Mexico. Its primary mission is to support Presbyterian Healthcare Services, a 501(C)(3) organization, by generating rental income from medical office buildings and other real estate. This endeavor aims to improve access to hospital facilities and contribute to the parent organization's growth. The nonprofit leverages its resources to enhance healthcare services, thereby benefiting the community.
Official website here: www.phs.org
Is Presbyterian Properties Inc legitimate?
Presbyterian Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Presbyterian 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
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Official website here: www.phs.org
What is the mission statement of Presbyterian Properties Inc?
Presbyterian Properties Inc's mission is centered around supporting Presbyterian Healthcare Services, a 501(c)(3) organization. Their primary goal is to enhance access to hospital facilities and contribute to the betterment of this organization. They achieve this by generating rental income from medical office buildings and other real estate properties. This income is utilized to strengthen the healthcare services provided by Presbyterian Healthcare Services. Essentially, Presbyterian Properties Inc plays a significant role in advancing healthcare access and support for the parent organization.
Official website here: www.phs.org
What is the revenue of Presbyterian Properties Inc?
Presbyterian Properties Inc's revenue in 2023 was $4,295,857.
Official website here: www.phs.org
Who are the executives of Presbyterian Properties Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $4,120,680
- Other: $398,878
- Compensation: $0
- Related: $327,588
- Other: $41,086
- Compensation: $0
- Related: $1,489,096
- Other: $129,234
- Compensation: $0
- Related: $1,301,119
- Other: $103,133
- Compensation: $0
- Related: $1,120,489
- Other: $110,339
- Compensation: $0
- Related: $852,419
- Other: $75,986
- Compensation: $0
- Related: $156,353
- Other: $10,458
Official website here: www.phs.org
Where can I find the form 990 for Presbyterian Properties Inc?
Presbyterian Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.phs.org
Learn more at the official website: www.phs.org
Mission Statement of Presbyterian Properties Inc
Presbyterian Properties Inc, as a mission-driven organization, is dedicated to supporting Presbyterian Healthcare Services, a 501(c)(3) entity. Their primary goal is to generate rental income from the leasing of medical office buildings and other real estate properties. This strategic approach aims to enhance access to hospital facilities and ultimately benefits the parent organization, Presbyterian Healthcare Services. By doing so, Presbyterian Properties Inc contributes to the broader mission of improving healthcare services, without specifying the exact location of their operations.
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Impact
October, 2024
Presbyterian Properties Inc plays a vital role in enhancing access to healthcare facilities by generating rental income from medical office buildings and other real estate. This income is strategically directed to support the operations of Presbyterian Healthcare Services, which focuses on providing comprehensive healthcare to the community in Albuquerque, NM. By facilitating the availability of medical office space, Presbyterian Properties Inc not only promotes efficient healthcare delivery but also contributes to community improvement and overall well-being, ensuring that residents have easier access to essential medical services. This symbiotic relationship between the properties managed and the healthcare facilities strengthens the local healthcare infrastructure and enhances the quality of care available to the community.
This information is meant to be a general summary of Presbyterian 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 2023.
- Program Service Revenue: $4,295,857
- Gross Receipts: $4,295,857
Assets and Liabilities:
- Total Assets: $94,776,097
- Total Liabilities: $66,918,684
- Net Assets: $27,857,413
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF REAL ESTATE
Revenue
$4,295,857
Organization Details
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