ANNE ARUNDEL REAL ESTATE HOLDING CO INC

Address
2001 MEDICAL PARKWAY
ANNAPOLIS, MD 21401
Contact
Website: http://www.aahs.org
Phone: +1 (443) 481-6554
Nonprofit
NTEE: S47 - Real Estate Organizations
EIN: 52-1622251

Mission

THE ORGANIZATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING AND HOLDING TITLE TO PROPERTY, COLLECTING THE INCOME THEREFROM AND TURNING OVER THE ENTIRE AMOUNT LESS EXPENSES TO ITS STOCKHOLDER, ANNE ARUNDEL HEALTH SYSTEM, INC.
 20172016201520142013
Basic features of the organization
Year of formation1989
Subsection code02
PF filing required0    
Metropolitan statistical area8872
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers00000
Number of highly compensated contractors0000 
Personnel
Bayless, Victoria
TitleCHAIR/PRESIDENT/CEOCHAIR/PRESIDENT/CEOCHAIR/PRESIDENT/CEOCHAIR/PRESIDENT/CEOPRESIDENT/CEO/BOARD MEMBER
Name of key/compensated personVICTORIA W BAYLESSVICTORIA W BAYLESSVICTORIA W BAYLESSVICTORIA W BAYLESSVICTORIA W BAYLESS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00$0.00
Other reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Retirement and other deferred compensation$0.00$0.00$0.00$0.00$0.00
Nontaxable benefits from org$0.00$0.00$0.00$0.00$0.00
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$190,036.00$174,997.00$181,261.00$147,160.00$157,458.00
Sum of all compensation from org$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $1,275,155.00$1,122,147.00$1,112,163.00$1,032,495.00$869,369.00
Average hours per week working for related orgs49.0048.0048.0048.0048.00
Clarke, Stephen
Titlesecretary/treasurerSECRETARY/TREASURERSECRETARY/TREASURERSECRETARY/TREASURER 
Name of key/compensated personSTEPHEN CLARKESTEPHEN CLARKESTEPHEN CLARKESTEPHEN CLARKE 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Current officerTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00$0.00 
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00 
Other reportable compensation from org$0.00$0.00$0.00$0.00 
Retirement and other deferred compensation$0.00$0.00$0.00$0.00 
Nontaxable benefits from org$0.00$0.00$0.00$0.00 
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$36,037.00$33,818.00$33,236.00$29,062.00 
Sum of all compensation from org$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $416,491.00$373,320.00$371,442.00$332,189.00 
Average hours per week working for related orgs42.0042.0042.0041.00 
Harrington, Jennifer
Titleboard memberPART YEAR BOARD MEMBER   
Name of key/compensated personJENNIFER HARRINGTONJENNIFER HARRINGTON   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00   
Bonus and incentive reportable compensation$0.00$0.00   
Other reportable compensation from org$0.00$0.00   
Retirement and other deferred compensation$0.00$0.00   
Nontaxable benefits from org$0.00$0.00   
Compensation from org previously reported as deferred$0.00$0.00   
Other comp, non-reportable, from org and related orgs$29,557.00$32,086.00   
Sum of all compensation from org$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $322,656.00$324,774.00   
Average hours per week working for related orgs40.0040.00   
Joshi, Maulik
TitleBoard member    
Name of key/compensated personMaulik Joshi    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Breakdown of reportable comp
Base reportable compensation from org$0.00    
Bonus and incentive reportable compensation$0.00    
Other reportable compensation from org$0.00    
Retirement and other deferred compensation$0.00    
Nontaxable benefits from org$0.00    
Compensation from org previously reported as deferred$0.00    
Other comp, non-reportable, from org and related orgs$23,635.00    
Sum of all compensation from org$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $319,873.00    
Average hours per week working for related orgs42.00    
McNew, Kent
Title    CHAIRMAN
Name of key/compensated person    KENT MCNEW
Position of compensated person
Current individual trustee or director    True
Current officer    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    3.00
Mulrenin, Thomas
Title    SECRETARY/TREASURER
Name of key/compensated person    THOMAS J MULRENIN
Position of compensated person
Current individual trustee or director    True
Current officer    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    2.00
O'Meara, Chris
Title    VICE CHAIRMAN
Name of key/compensated person    CHRIS O'MEARA
Position of compensated person
Current individual trustee or director    True
Current officer    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    3.00
Perkins, Sherry
Title PART YEAR BOARD MEMBERBOARD MEMBERBOARD MEMBER 
Name of key/compensated person SHERRY PERKINSSHERRY PERKINSSHERRY PERKINS 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Average hours per week working for org 1.001.001.00 
Reportable compensation from org $0.00$0.00$0.00 
Breakdown of reportable comp
Base reportable compensation from org $0.00$0.00$0.00 
Bonus and incentive reportable compensation $0.00$0.00$0.00 
Other reportable compensation from org $0.00$0.00$0.00 
Retirement and other deferred compensation $0.00$0.00$0.00 
Nontaxable benefits from org $0.00$0.00$0.00 
Compensation from org previously reported as deferred $0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs $34,821.00$35,077.00$23,889.00 
Sum of all compensation from org $0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $673,085.00$634,361.00$540,958.00 
Average hours per week working for related orgs 41.0041.0041.00 
Reilly, Robert
TitleVICE CHAIRMANVICE CHAIRMANVICE CHAIRMANVICE CHAIRMAN 
Name of key/compensated personROBERT REILLYROBERT REILLYROBERT REILLYROBERT REILLY 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Current officerTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00$0.00 
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00 
Other reportable compensation from org$0.00$0.00$0.00$0.00 
Retirement and other deferred compensation$0.00$0.00$0.00$0.00 
Nontaxable benefits from org$0.00$0.00$0.00$0.00 
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$51,144.00$47,748.00$46,650.00$37,779.00 
Sum of all compensation from org$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $595,473.00$588,923.00$660,617.00$469,886.00 
Average hours per week working for related orgs46.0045.0045.0045.00 
Westervelt, Laura
Title    BOARD MEMBER
Name of key/compensated person    LAURA WESTERVELT
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    1.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesREAL ESTATE HOLDING COMPANYREAL ESTATE HOLDING COMPANYREAL ESTATE HOLDING COMPANYREAL ESTATE HOLDING COMPANYREAL ESTATE HOLDING COMPANY
Program service expenses, total$150,801.00$125,293.00$121,148.00$127,278.00$125,038.00
Programs, including revenue & expenses
Property rental to affiliates and interest
Program expenses$150,801.00$125,293.00$121,148.00$127,278.00$125,038.00
Grants and allocations made$0.00$0.00$0.00  
Program revenue$3,047,207.00$2,578,253.00$1,623,315.00$2,233,868.00$2,522,131.00
Program descriptionProperty rental to affiliates and interestPROPERTY RENTAL TO AFFILIATES AND INTERESTPROPERTY RENTAL TO AFFILIATES AND INTERESTPROPERTY RENTAL TO AFFILIATES AND INTERESTPROPERTY RENTAL TO AFFILIATES AND INTEREST
Financial data
Revenue
Total revenue$3,067,137.00$2,598,205.00$1,635,319.00$2,244,663.00$2,527,708.00
Revenue from contributions (total)  $0.00$0.00$0.00
Investment income, current yr$20,773.00$26,917.00$33,072.00$25,192.00$39,376.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$19,930.00$19,952.00$12,004.00$10,795.00$5,577.00
Other revenue, current yr$1,687,344.00$1,113,006.00$413,502.00$451,407.00$0.00
Net unrelated business taxable revenue$16,500.00$18,952.00$11,004.00$9,795.00$4,577.00
Program service revenue (total)$1,359,020.00$1,458,282.00$1,188,745.00$1,768,064.00$2,488,332.00
Gross receipts$8,414,024.00$7,805,621.00$7,556,916.00$4,797,055.00$2,532,977.00
Other types of revenue
Income from dividends, interest, and similar investments$20,773.00$26,917.00$33,072.00$25,192.00$44,645.00
Net rental income$1,687,344.00$1,113,006.00$413,502.00$451,407.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$150,801.00$125,293.00$125,335.00$134,834.00$127,833.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$53,922,402.00$51,019,914.00$53,311,737.00$54,984,961.00$12,261,293.00
Total assets, beginning of year$51,019,914.00$53,311,737.00$54,984,961.00$12,261,293.00$7,866,868.00
Total liabilities$47,585,226.00$47,250,421.00$51,130,192.00$54,182,712.00$12,187,963.00
Total liabilities, beginning of year$47,250,421.00$51,130,192.00$54,182,712.00$12,187,963.00$7,985,635.00
Unrestricted net assets, end of yr$6,337,176.00$3,769,493.00$2,181,545.00$802,249.00$73,330.00
Net assets$6,337,176.00$3,769,493.00$2,181,545.00$802,249.00$73,330.00
Net assets, beginning of year$3,769,493.00$2,181,545.00$802,249.00$73,330.00-$118,767.00
Other liabilities$15,187,165.00$13,429,449.00$15,855,480.00$17,440,001.00$11,719,447.00
Other assets$11,531,861.00$8,056,218.00$7,793,986.00$7,719,101.00$8,077,294.00
Cash: non-interest bearing$2,470,846.00$1,200,320.00$1,579,837.00$1,265,164.00$1,156,268.00
Cash: non-interest bearing, beginning of year$1,200,320.00$1,579,837.00$1,265,164.00$1,156,268.00 
Other financial variables
Revenue less expenses$2,916,336.00$2,472,912.00$1,509,984.00$2,109,829.00$2,399,875.00
Accounts receivable, net$5,927.00$21,170.00$7,105.00$76,311.00 
Prepaid expenses & deferred charges $4,313.00$300.00$2,546.00$1,319.00
Accounts payable & accrued expenses$145,693.00$137,514.00$98,046.00$87,943.00$4,824.00
Deferred revenue $23.00$23,932.00$23,711.00 
Secured mortgages and notes payable$32,252,368.00$33,683,435.00$35,152,734.00$36,631,057.00$463,692.00
Total net assets or fund balances$6,337,176.00$3,769,493.00$2,181,545.00$802,249.00$73,330.00
Depreciation, depletion, amortization$126,149.00$118,984.00$121,692.00$121,697.00$120,366.00
Governance and accountability
Number of voting members54445
Number of independent voting members00004
Financial sheets auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Indicators for schedules (selected)
Org has controlled entityTrueTrueTrueTrueTrue
Org transacted with controlled entityTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-08-302017-10-032016-08-092015-07-152014-06-30
IRS schema version2016v3.02015v3.02014v6.02013v4.02012v2.1
Filing identifier201831289349302573201741319349303879201641349349304824201511339349302111201411349349301691
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