Overview
What is Main Line Realty Corporation?
Main Line Realty Corporation, based in Newtown Square, Pennsylvania, is a nonprofit organization dedicated to managing medical office buildings for the benefit of the Main Line Health System, primarily its hospitals. Their primary role is to oversee the day-to-day operations of these properties, including asset management, accounting services, and managing expenses related to utilities, repairs, real estate taxes, liability insurance, and other medical office building costs. By investing in and managing real estate property, Main Line Realty Corporation aims to support and assist Main Line Health System in its functions, focusing on medical office buildings to enhance the healthcare infrastructure.
Official website here: www.mainlinehealth.org
Is Main Line Realty Corporation legitimate?
Main Line Realty Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Line Realty 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,031,246
For more financial information, click here
Official website here: www.mainlinehealth.org
What is the mission statement of Main Line Realty Corporation?
Main Line Realty Corporation focuses on investing in and managing real estate properties, primarily medical office buildings, to benefit and support a healthcare system, specifically its hospitals. The primary objective of the corporation is to assist and aid the healthcare system in managing its hospital-owned medical office buildings. Services offered consist of asset management and accounting, as well as managing expenses related to the buildings' operation, which encompasses utilities, repairs, real estate taxes, liability insurance, and other medical office building expenses.
Official website here: www.mainlinehealth.org
Who is the CEO of Main Line Realty Corporation?
Michael J Buongiorno is the President/Ex-Officio Trustee of Main Line Realty Corporation.
Official website here: www.mainlinehealth.org
What is the revenue of Main Line Realty Corporation?
Main Line Realty Corporation's revenue in 2022 was $13,488,538.
Official website here: www.mainlinehealth.org
Who are the executives of Main Line Realty Corporation and what are their salaries?
- John J Lynch Iii (President/Ex-Officio Trustee)
- Michael J Buongiorno (Evp-Finance/Treasurer/Trustee)
- Brian T Corbett Esq (Sr. Vp, Gen Counsel/Secretary)
- Eileen Carr (Assistant Secretary)
- Elizabeth J Balderston (Chairman/Trustee)
Official website here: www.mainlinehealth.org
Where can I find the form 990 for Main Line Realty Corporation?
The Main Line Realty Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.mainlinehealth.org
Learn more at the official website: www.mainlinehealth.org
Mission Statement of Main Line Realty Corporation
Main Line Realty Corporation, a dedicated organization, invests in and manages real estate properties, primarily medical office buildings, for the benefit of the Main Line Health System. This nonprofit corporation's primary focus is to support Main Line Health, particularly its hospitals, by assuming the management of their hospital-owned medical office buildings.
Positioned to enhance patient care, Main Line Realty Corporation offers essential services such as asset management and accounting, overseeing the operation of the buildings and managing the expenses incurred. These expenses encompass utilities, repairs, real estate taxes, liability insurance, and other medical office building expenses. By expertly managing these properties, the corporation ensures that patients can conveniently access outpatient care from physicians located on the Main Line Hospitals and Riddle Memorial Hospital campuses.
In summary, Main Line Realty Corporation plays a pivotal role in the Main Line Health System by managing hospital-owned medical office buildings and handling various operational aspects. This enables hospitals to focus on delivering high-quality healthcare services to their patients while the corporation efficiently manages the property-related tasks.
Impact
This information is meant to be a general summary of Main Line Realty Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Main Line Realty Corporation's impact can be seen in its dedication to investing in and managing real estate property, particularly medical office buildings, for the benefit of the Main Line Health System. By providing essential asset management and accounting services, as well as overseeing the operation expenses of these medical office buildings, Main Line Realty Corporation plays a crucial role in supporting Main Line Health System's hospitals. Through its proactive approach, Main Line Realty Corporation ensures that patients have access to outpatient care from physicians located on the Main Line Hospitals, Inc. and Riddle Memorial Hospital campuses. Their primary exempt purpose is to assist and bolster Main Line Health System in fulfilling its healthcare mission effectively.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,996,248
OTHER TENANT RELATED INCOME
Revenue
$128,098
MANAGEMENT INCOME
Revenue
$125,883
MLH WELLNESS REVENUE
Revenue
$4,466,749
Organization Details
Founding Year
1983
Phone
(484) 580-4453
Principal Officer
Michael J Buongiorno
Main Address
3803 WEST CHESTER PIKE SUITE 250, NEWTOWN SQUARE, PA, 19073
Website
www.mainlinehealth.org
NTEE Category
Code: E210 - Health
If you are a representative of Main Line Realty 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.