2025-11-17T09:29:53+00:00 2024-12-31 990 2024-01-01 850414352 PRESBYTERIAN PROPERTIES INC PRES 5059236101 PO BOX 26666 ALBUQUERQUE NM 871256666 RISHI SIKKA MD PRESIDENT 5059236101 2025-11-17 false 2024 2025-03-06 01:10:19Z RISHI SIKKA MD PO BOX 26666 ALBUQUERQUE NM 871256666 4623571 false X WWW.PHS.ORG X 1993 NM SEE SCHEDULE O 5 0 0 0 0 0 4295857 4623571 0 0 4295857 4623571 0 0 0 0 0 4430476 3761527 4430476 3761527 -134619 862044 96864010 93763615 69141216 65178777 27722794 28584838 SUPPORT OF PRESBYTERIAN HEALTHCARE SERVICES, A SECTION 501(C)(3) ORGANIZATION. false false 3761527 4623571 RENTAL INCOME DERIVED FROM THE RENTAL OF MEDICAL OFFICE BUILDINGS AND OTHER REAL ESTATE TO ENHANCE ACCESS TO HOSPITAL FACILITIES AND TO BENEFIT THE PARENT ORGANIZATION, PRESBYTERIAN HEALTHCARE SERVICES, A 501(C)(3) ORGANIZATION. 3761527 false false false false false false false false false false true false false true true true false true false false false false false false false false false false false true false false false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false X 5 0 false false false false true true false true false false false false false true true true true true false false false false NM X KEVIN P NOWELL CPA 5059236101 9521 SAN MATEO BLVD NE ALBUQUERQUE NM 871132237 Eric Cornish VP / Director 1.0 40.0 X X 0 319047 30463 James Noble VP / Director 1.0 41.0 X X 0 2171622 150132 Lauren M Cates President / Director 1.0 42.0 X X 0 1308015 137828 Ryan Burt VP / Director 1.0 41.0 X X 0 1772034 112587 Timothy Johnsen VP / Director 1.0 41.0 X X 0 1385599 115960 0 6956317 546970 5 true true false SERVICEMASTER CLEAN TEAM 2416 CANDELARIA RD NE ALBUQUERQUE NM 87107 CLEANING SERVICES 1162942 PUBLIC SERVICE COMPANY OF NEW MEXICO ALVADADO SQUARE ALBUQUERQUE NM 87158 ELECTRICAL SERVICE 943880 DEKKER NEW MEXICO 7601 JEFFERSON ST NE SUITE 100 ALBUQUERQUE NM 87109 ARCHITECTURAL SERVICE 262963 SYMMETRY ENERGY SOLUTIONS LLC 9811 KATY FWY SUITE 1400 HOUSTON TX 77024 NATURAL GAS SERVICE 225681 ENTERPRISE BUILDERS 8516 PASEO ALAMEDA NE ALBUQUERQUE NM 87113 CONSTRUCTION 181897 8 0 RENTAL OF REAL ESTATE 531120 4623571 4623571 0 0 0 0 4623571 0 0 0 0 0 0 0 0 0 4623571 4623571 0 0 654736 219846 2856227 3492315 3562537 131896 REPAIRS - OTHER 1318840 PROPERTY TAXES 1295311 MISCELLANEOUS 5728 RECOVERY OF EXPENSE -9775909 0 3761527 166741 3085 657182 -68951 0 0 0 0 137977225 59434585 96040087 78542640 0 0 0 15286841 96864010 93763615 850163 937589 0 0 68291053 64241188 69141216 65178777 27722794 28584838 27722794 28584838 96864010 93763615 862044 0 X false true false false 2237271 2237271 134352157 58992523 75359634 445451 442062 3389 942346 942346 78542640 DUE FROM INVENTORY TRANSFERS 15286841 15286841 Federal Income Taxes DUE TO PRESBYTERIAN HEALTHCARE SERVICES 501(C)(3) PARENT COMPANY 64241188 64241188 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote PRESBYTERIAN PROPERTIES, INC. (PPI) FOLLOWS ASC 740, INCOME TAXES, WHICH PRESCRIBES CRITERIA FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC 740 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. PRESBYTERIAN RECOGNIZES INTEREST ASSESSED RELATED TO TAX CONTINGENCIES IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. AS OF DECEMBER 31, 2024 AND 2023, PPI DETERMINED THAT NO PROVISION IS REQUIRED FOR UNCERTAIN TAX POSITIONS. false false false James Noble VP / Director 0 1002720 0 699196 0 469706 0 114527 0 35605 0 2321754 0 71603 Ryan Burt VP / Director 0 705885 0 454886 0 611263 0 85751 0 26836 0 1884621 0 56345 Timothy Johnsen VP / Director 0 684761 0 468127 0 232711 0 87250 0 28710 0 1501559 0 68951 Eric Cornish VP / Director 0 253479 0 58279 0 7289 0 8945 0 21518 0 349510 0 0 Lauren M Cates President / Director 0 901733 0 402878 0 3404 0 112364 0 25464 0 1445843 0 0 Schedule J, Part I, Line 3 CEO/EXECUTIVE DIRECTOR COMPENSATION PRESBYTERIAN PROPERTIES, INC. (PPI), THE REPORTING ORGANIZATION, DOES NOT HAVE A CEO OR EXECUTIVE DIRECTOR. THEREFORE, NONE OF THESE ITEMS APPLY. ADDITIONALLY, NONE OF THE OFFICERS OF PPI ARE COMPENSATED BY PPI. Schedule J, Part II, Column (C) DEFFERED COMPENSATION RYAN BURT IS A PARTICIPANT IN A RETENTION AGREEMENT WITH A RELATED ORGANIZATION. IN 2024, $68,501 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. BURT. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. ALSO, IN 2024, MR. BURT RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $56,345. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED, AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J. JAMES NOBLE WAS A PARTICIPANT IN A RETENTION AGREEMENT WITH A RELATED ORGANIZATION. IN 2024, $99,002 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. NOBLE. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. ALSO, IN 2024, MR. NOBLE RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $71,603. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED, AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J. TIMOTHY JOHNSEN IS A PARTICIPANT IN A RETENTION AGREEEMENT WITH A RELATED ORGANIZATION. IN 2024, $70,000 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. JOHNSEN. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION AMOUNT. ALSO, IN 2024, MR. JOHNSEN RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $68,951. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED, AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J. LAUREN M CATES IS A PARTICIPANT IN A RETENTION AGREEMENT WITH A RELATED ORGANIZATION. IN 2024, $88,001 WAS DEFERRED UNDER THIS AGREEMENT FOR MS. CATES. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. Form 990, Part I, Line 1 BRIEF MISSION PRESBYTERIAN PROPERTIES, INC. (PPI) IS A TITLE HOLDING CORPORATION WHICH OWNS REAL ESTATE IN SUPPORT OF THE TAX-EXEMPT MISSION OF PRESBYTERIAN HEALTHCARE SERVICES (PHS), A SECTION 501(C)(3) ORGANIZATION. PRESBYTERIAN EXISTS TO ENSURE ALL OF THE PATIENTS, MEMBERS AND COMMUNITIES WE SERVE CAN ACHIEVE THEIR BEST HEATLH. Form 990, Part VI, Line 6 Classes of members or stockholders PRESBYTERIAN HEALTHCARE SERVICES (PHS), A 501(C)(3) TAX-EXEMPT HEALTH CARE SYSTEM, IS THE SOLE MEMBER OF PRESBYTERIAN PROPERTIES, INC. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE SOLE MEMBER, PHS, ELECTS ALL MEMBERS OF THE GOVERNING BODY OF THE FILING ORGANIZATION. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body PRESBYTERIAN PROPERTIES, INC. DOES NOT MAINTAIN ANY BOARD COMMITTEES. THEREFORE, THIS QUESTION IS NOT APPLICABLE. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 IS PREPARED BY THE TAX DIRECTOR AND SUBMITTED TO THE CONTROLLER AND THE GENERAL COUNSEL OF THE PARENT CORPORATION, PRESBYTERIAN HEALTHCARE SERVICES (PHS) FOR DETAILED REVIEW. AFTER THIS DETAILED REVIEW IS COMPLETED, ANY NECESSARY CORRECTIONS ARE MADE BY THE TAX DIRECTOR BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. THE PHS GENERAL COUNSEL SERVES AS SECRETARY FOR THE FILING ORGANIZATION. Form 990, Part VI, Line 12c Conflict of interest policy CONFLICT OF INTEREST STATEMENTS ARE SUBMITTED ANNUALLY. BOARD MEMBERS ARE REQUIRED TO REMOVE THEMSELVES FROM CONFLICTS OR EXCUSE THEMSELVES FROM VOTES THAT MAY LEAVE ANY APPEARANCE OF NON-INDEPENDENCE. THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE GOVERNANCE COMMITTEE OF THE PARENT COMPANY AND REVISED IF APPROPRIATE. Form 990, Part VI, Line 19 Required documents available to the public COPIES OF THE MOST RECENT THREE YEARS' FORMS 990 ARE MAINTAINED AT PHS MANAGEMENT LOCATIONS. UPON REQUEST, THESE RETURNS ARE AVAILABLE FOR REVIEW OR PHOTOCOPY BY ANY INDIVIDUAL. IN ADDITION, FORMS 990 ARE ALSO PUBLISHED ON WWW.GUIDESTAR.ORG AND ARE FREELY AVAILABLE IN THIS MANNER. AT THIS TIME, COPIES OF GOVERNING DOCUMENTS ARE NOT AVAILABLE ON THE COMPANY'S WEB SITE. PRESBYTERIAN HEALTHCARE SERVICES PO BOX 26666 ALBUQUERQUE NM 87125 850105601 HEALTHCARE NM 501(c)(3) 3 NA false SOUTHWEST HEALTH FOUNDATION PO BOX 26666 ALBUQUERQUE NM 87125 850289728 SUPPORT NM 501(c)(3) 11 PHS true BERNALILLO COUNTY HEALTH CARE CORPORATION PO BOX 26666 ALBUQUERQUE NM 87125 237329437 AMBULANCE SERVICE NM 501(c)(3) 9 PHS true PRESBYTERIAN HEALTHCARE FOUNDATION PO BOX 26666 ALBUQUERQUE NM 87125 856016041 RAISE FUNDS NM 501(c)(3) 7 PHS true SUMMITONE ENTERPRISES INC PO Box 26666 Albuquerque NM 871256666 922864082 ADMIN SERVICES DE 501(c)(3) 7 NA false