2026-05-11T14:28:16-05:00 2025-06-30 205991824 SC&H GROUP INC 226 SCHILLING CIRCLE SUITE 300 HUNT VALLEY MD 21031 990 2024-07-01 521413360 GREATER BALTIMORE MEDICAL CENTER LAND CORPORATION GREA 4438492000 6701 NORTH CHARLES STREET BALTIMORE MD 21204 PETER OSTASEWSKI MBA EVP/CFO 4438492000 2026-04-30 1 1 LORI S BURGHAUSER P00370694 4104031500 2026-04-30 2024 2025-03-06 01:10:19Z PAARI GOPALAKRISHNAN MD 6701 NORTH CHARLES STREET BALTIMORE MD 21204 2746896 0 X N/A X 1985 MD ACQUIRE, HOLD TITLE, LEASE, OPERATE, DEVELOP, AND COLLECT INCOME FROM PROPERTY FOR GBMC 2 0 0 0 0 0 0 0 2761816 2746896 -1719 0 0 0 2760097 2746896 0 0 0 0 80545 95415 0 0 0 4580450 4506449 4660995 4601864 -1900898 -1854968 18121061 15906313 20267464 19907684 -2146403 -4001371 SEE SCHEDULE O 0 0 4459640 2746896 GBMC LAND LEASED; PROVIDED FOR THE MANAGEMENT, OPERATION AND DEVELOPMENT OF; AND COLLECTED INCOME FROM PHYSICIAN PAVILION NORTH. 4459640 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X PETER OSTASEWSKI MBA 4438492000 6701 NORTH CHARLES STREET BALTIMORE MD 21204 JOHN B CHESSARE MD DIRECTOR/CEO GBMC HEALTHCA 2.00 58.00 X X 0 1139114 33270 LAURIE R BEYER EVP & CFO GBMC HEALTHCARE 1.00 59.00 X X 0 700392 115031 0 1839506 148301 0 0 1 0 SENTRAL BUILDING SERVICES 11218 MIDVALE ROAD KENSINGTON MD 20895 HOUSEKEEPING 216676 1 PROPERTY MANAGEMENT 531110 2713946 2713946 PARKING REVENUE 812930 32950 32950 2746896 2746896 2746896 0 0 66034 66034 1610 1610 22924 22924 4847 4847 14124 14124 375683 291311 84372 33138 33138 3130 3130 3622909 3622909 351797 351797 EQUIPMENT MAINTENANCE 61940 61940 INTERCORPORATE OVERHEAD 43728 43728 4601864 4459640 142224 0 182910 152740 5959899 4547324 1742635 1412575 57747 36010 16137769 14304988 18121061 15906313 78393 48330 20189071 19859354 20267464 19907684 X -2146403 -4001371 -2146403 -4001371 18121061 15906313 -1854968 0 X X 0 1 X 1 0 X X 1 GREATER BALTIMORE MEDICAL CENTER 526049658 3 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART 1, LINE 12G, COLUMN VI: GREATER BALTIMORE MEDICAL CENTER LAND CORPORATION OPERATES PHYSICIAN PAVILION NORTH THAT IS USED BY GREATER BALTIMORE MEDICAL CENTER, INC., ITS SUPPORTED ORGANIZATION, IN FULFILLING ITS EXEMPT PURPOSE. 5529548 4200721 1328827 127847 85097 42750 302504 261506 40998 1412575 DEFERRED RENT 1186806 RIGHT OF USE OPERATING LEASE ASSET 11908009 INTERCOMPANY RECEIVABLE FROM AFFILIATES 1210173 14304988 INTERCOMPANY PAYABLE TO AFFILIATES 7319265 RIGHT OF USE OPERATING LEASE LIABILITY 12540089 19859354 X PART X, LINE 2: GREATER BALTIMORE MEDICAL CENTER LAND CORPORATION IS INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR GBMC HEALTHCARE, INC. AND SUBSIDIARIES, WHICH INCLUDES BOTH TAXABLE AND TAX-EXEMPT AFFILIATES. THE COMPANY IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE COMPANY IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (FASB) GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY OF INCOME TAX POSITIONS. THIS GUIDANCE DEFINES THE THRESHOLD FOR RECOGNIZING TAX RETURN POSITIONS IN THE CONSOLIDATED FINANCIAL STATEMENTS AS "MORE LIKELY THAN NOT" THAT THE POSITION IS SUSTAINABLE, BASED ON ITS TECHNICAL MERITS. THIS STANDARD ALSO PROVIDES GUIDANCE ON THE MEASUREMENT, CLASSIFICATION AND DISCLOSURE OF TAX RETURN POSITIONS IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE COMPANY HAS ADOPTED THIS GUIDANCE, AND THERE WERE NO AMOUNTS RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS AS OF AND DURING THE YEARS ENDED JUNE 30, 2025 AND 2024 FOR UNCERTAIN TAX POSITIONS. 0 1 0 0 0 0 0 1 0 JOHN B CHESSARE MD DIRECTOR/CEO GBMC HEALTHCA 0 848972 0 0 0 290142 0 11208 0 22062 0 1172384 0 0 LAURIE R BEYER EVP & CFO GBMC HEALTHCARE 0 445983 0 148630 0 105779 0 85248 0 29783 0 815423 0 68079 PART I, LINE 3 GREATER BALTIMORE MEDICAL CENTER LAND CORPORATION RELIED ON ITS PARENT, GBMC HEALTHCARE, INC., TO SET COMPENSATION FOR GBMC'S PRESIDENT. GBMC HEALTHCARE, INC. USED A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, A WRITTEN EMPLOYMENT CONTRACT, A COMPENSATION SURVEY OR STUDY, AND AN APPROVAL BY A COMPENSATION COMMITTEE TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. PART I, LINE 4B GBMC HEALTHCARE HAS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN ("SERP"). THIS PLAN WAS APPROVED BY THE COMPENSATION COMMITTEE OF THE GBMC HEALTHCARE BOARD OF DIRECTORS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. THE SUPPLEMENTAL RETIREMENT PLAN WAS DEVELOPED BASED ON AN INDEPENDENT CONSULTANT REPORT ON MARKET-BASED PRACTICES FOR SUPPLEMENTAL RETIREMENT PLANS, THE PERCENTAGE OF FINAL AVERAGE PAY, THE REQUIREMENTS FOR VESTING, PARTICIPANTS, AND PAY-OUT PROVISIONS WERE ESTABLISHED, REVIEWED, AND APPROVED BY THE COMPENSATION COMMITTEE. DURING CALENDAR YEAR 2024 THE FOLLOWING PARTICIPATED IN THE SERP PLAN: JOHN B. CHESSARE - $249,618 LAURIE R. BEYER - $74,730 DURING THE CALENDAR YEAR, THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS AS PART OF THEIR PARTICIPATION IN THE SERP PLAN: JOHN B. CHESSARE, M.D. - $249,618 LAURIE R. BEYER - $74,069 PART I, LINE 7 EXECUTIVE BONUSES ARE ESTABLISHED BY THE BOARD OF DIRECTORS COMPENSATION COMMITTEE WITH THE CONSULTATION OF AN INDEPENDENT THIRD-PARTY EXECUTIVE COMPENSATION CONSULTANT. THE COMPENSATION COMMITTEE FOLLOWS GOVERNANCE BEST PRACTICES: - ESTABLISHES AN EXECUTIVE COMPENSATION PHILOSOPHY. - CONDUCTS A COMPREHENSIVE COMPENSATION REVIEW AND APPROVAL PROCESS LED BY AN INDEPENDENT, BOARD-AUTHORIZED COMPENSATION COMMITTEE. - REINFORCES PAY-FOR-PERFORMANCE THROUGH AN ANNUAL INCENTIVE PLAN, WITH GOALS AND METRICS APPROVED BY THE COMPENSATION COMMITTEE; DETERMINATION OF ACHIEVEMENT AND AWARDS WITHIN COMPENSATION COMMITTEE'S SOLE DISCRETION. - PROMOTES TRANSPARENCY WITH ANNUAL REPORT TO THE BOARD. - ENSURES COMPLIANCE WITH IRS "INTERMEDIATE SANCTIONS" SAFE HARBOR PROTECTIONS FOR EXECUTIVE COMPENSATION DECISIONS. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: GREATER BALTIMORE MEDICAL CENTER LAND CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO: (1) ACQUIRE AND HOLD TITLE TO; (2) LEASE; (3) PROVIDE FOR THE MANAGEMENT, OPERATION AND DEVELOPMENT OF; AND (4) COLLECT INCOME FROM REAL AND OTHER PROPERTY. THESE ACTIVITIES ARE FOR THE BENEFIT OF, OR TO CARRY OUT AND ASSIST IN THE CHARITABLE, EDUCATIONAL, HEALTHCARE AND OTHER PURPOSES AND FUNCTIONS, OF GBMC HEALTHCARE, INC. AND OF GREATER BALTIMORE MEDICAL CENTER, INC. FORM 990, PART VI, SECTION A, LINE 6 THE BOARD OF DIRECTORS OF GBMC HEALTHCARE, INC. IS THE GOVERNING BODY FOR THE ORGANIZATION. GBMC HEALTHCARE, INC. IS THE PARENT CORPORATION AND SOLE STOCKHOLDER OF THE ORGANIZATION. THE BUSINESS AND AFFAIRS OF THE ORGANIZATION ARE MANAGED UNDER THE DIRECTION OF ITS BOARD OF DIRECTORS EXCEPT AS RESERVED TO THE STOCKHOLDER, GBMC HEALTHCARE, INC. IN ACCORDANCE WITH THE BYLAWS, SUCH AS: (A) TO CHANGE THE MISSION, PURPOSE, PHILOSOPHY OR OBJECTIVES OF THE ORGANIZATION (B) TO AMEND THE BYLAWS OF THE ORGANIZATION (C) TO DISSOLVE, TO CONSOLIDATE OR TO MERGE THE ORGANIZATION (D) TO RATIFY THE ELECTION OF THE PRESIDENT OR OTHER OFFICERS OF THE ORGANIZATION (E) TO REMOVE THE PRESIDENT OF THE BOARD OF DIRECTORS OF THE ORGANIZATION (F) TO ELECT MEMBERS OF THE BOARD OF DIRECTORS OF THE ORGANIZATION (G) TO REMOVE MEMBERS OF THE BOARD OF DIRECTORS OF THE ORGANIZATION (H) TO PURCHASE, SELL OR ENCUMBER WITH DEBT (I) TO SELL ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATION'S ASSETS, OR TO UNDERTAKE MAJOR EXPANSION PROJECTS (J) TO APPROVE THE ANNUAL OPERATING AND CAPITAL BUDGET OF THE ORGANIZATION (K) TO APPOINT GENERAL COUNSEL AND THE FISCAL AUDITOR OF THE ORGANIZATION (L) TO SET THE FISCAL YEAR OF THE ORGANIZATION (M) TO ISSUE ADDITIONAL STOCK, FOLLOWING THE INITIAL ISSUANCE OF STOCK FORM 990, PART VI, SECTION A, LINE 7A SEE FORM 990, PART VI, SECTION A, LINE 6 DESCRIPTION FORM 990, PART VI, SECTION A, LINE 7B SEE FORM 990, PART VI, SECTION A, LINE 6 DESCRIPTION FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF GREATER BALTIMORE MEDICAL CENTER LAND, INC.'S PARENT ORGANIZATION, GBMC HEALTHCARE, INC. REVIEWS THIS FORM 990. A COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD OF DIRECTORS OF GREATER BALTIMORE MEDICAL CENTER, INC. AND GBMC HEALTHCARE, INC. PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C GBMC LAND IS GOVERNED BY THE POLICIES OF ITS PARENT ORGANIZATION, GBMC HEALTHCARE, INC. THESE POLICIES INCLUDE A WRITTEN CONFLICT OF INTEREST POLICY ATTESTED TO ANNUALLY, A WRITTEN WHISTLEBLOWER POLICY, AND A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. ANNUALLY, EVERY BOARD MEMBER, EMPLOYED AND CONTRACTED PHYSICIAN, ADVANCED PRACTITIONER, AND MANAGER (WHICH INCLUDES KEY EMPLOYEES) MUST COMPLETE A COMPREHENSIVE QUESTIONNAIRE THAT PROVIDES FOR THE DISCLOSURE OF POTENTIAL CONFLICTS. ALL DISCLOSURES ARE REVIEWED BY THE COMPLIANCE OFFICER. THOSE DISCLOSURES THAT ARE QUESTIONABLE OR MAY RISE TO THE LEVEL OF A CONFLICT ARE DISCUSSED WITH THE GENERAL IN-HOUSE COUNSEL AND APPROPRIATE ACTION IS TAKEN, IF NECESSARY. A SUMMARY OF POTENTIAL CONFLICTS AND PROPOSED ACTIONS IS PROVIDED TO THE PRESIDENT (FOR MANAGEMENT) AND TO THE GOVERNANCE AND BOARD DEVELOPMENT COMMITTEE (FOR BOARD MEMBERS) ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE ("COMMITTEE") OF THE BOARD OF DIRECTORS OF GBMC HEALTHCARE, INC., WHICH IS COMPRISED OF DIRECTORS THAT ARE "DISINTERESTED" AS DEFINED BY IRS REGULATIONS, IS AUTHORIZED TO OVERSEE THE ORGANIZATION'S EXECUTIVE COMPENSATION PROGRAM. THE COMMITTEE REVIEWS AND APPROVES THE COMPENSATION PROVIDED TO THE ORGANIZATION'S PRESIDENT AND CHIEF EXECUTIVE OFFICER AND EACH OFFICER, KEY EMPLOYEE AND SENIOR LEADER, WHETHER OR NOT THESE INDIVIDUALS WOULD BE CONSIDERED "DISQUALIFIED PERSONS" UNDER THE INTERMEDIATE SANCTIONS REGULATIONS OF FEDERAL INCOME TAX LAW. THE COMMITTEE HAS ADOPTED A WRITTEN PHILOSOPHY SETTING FORTH THE GUIDING PRINCIPLES GOVERNING THE COMPENSATION PROVIDED TO THE ORGANIZATION'S EXECUTIVES. THE COMMITTEE'S REVIEW AND APPROVAL PROCESS WAS ESTABLISHED AND IS CONDUCTED IN A MANNER SO AS TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERMEDIATE SANCTIONS REGULATIONS OF FEDERAL INCOME TAX LAW. ALL FORMS OF COMPENSATION AND BENEFITS PROVIDED TO MEMBERS OF THE SENIOR LEADERSHIP TEAM ARE REVIEWED, WHICH INCLUDES CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED TO ENSURE THAT THE "TOTAL COMPENSATION" IS REASONABLE. THE COMMITTEE ENGAGED AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTANT THAT SPECIALIZES IN THE REVIEW OF HOSPITAL AND HEALTH SYSTEM EXECUTIVE COMPENSATION AND BENEFITS TO COMPILE MARKET COMPENSATION DATA OF SIMILARLY SIZED HEALTH CARE ORGANIZATIONS THROUGHOUT THE COUNTRY AS WELL AS THE SAME GEOGRAPHIC REGION. NO DATA FROM ANY FOR-PROFIT ENTITIES WERE USED. THE DATA WERE CATEGORIZED BY EXECUTIVE POSITION, AND A SALARY RANGE WAS DEVELOPED WITH THE ASSISTANCE OF THE INDEPENDENT COMPENSATION CONSULTANT. THE COMMITTEE RELIED UPON THIS DATA, RELEVANT BUSINESS JUDGMENT FACTORS (EXPERIENCE, PERFORMANCE, RECRUITMENT AND RETENTION FACTORS AND THE UNIQUE DEMANDS OF THE POSITION), THE GUIDANCE PROVIDED BY THE STATED COMPENSATION PHILOSOPHY AND THE WRITTEN OPINION OF THE INDEPENDENT EXECUTIVE COMPENSATION CONSULTANT AS TO THE REASONABLENESS OF THE COMPENSATION IN RELATION TO MARKET DATA IN MAKING ITS EXECUTIVE COMPENSATION DECISIONS. THE COMMITTEE ALSO CONSIDERS ITS BUSINESS JUDGMENT. THE COMMITTEE DOCUMENTS THE BASIS FOR ITS DECISIONS THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE COMPENSATION COMMITTEE MEETINGS DURING WHICH SUCH DECISIONS ARE DELIBERATED AND DETERMINED. THE COMMITTEE'S DECISIONS ARE SUBJECT TO THE FINAL APPROVAL OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE LOCATED ON THE STATE OF MARYLAND DEPARTMENT OF TAXATION'S WEBSITE. FINANCIAL STATEMENTS FOR GBMC LAND'S PARENT COMPANY, GBMC HEALTHCARE, INC., ARE AVAILABLE THROUGH THE ELECTRONIC MUNICIPAL MARKET ACCESS (EMMA) WEBSITE VIA THE CONTINUING DISCLOSURE DOCUMENT. THE CONFLICT OF INTEREST POLICY IS NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS NOR THE SELECTION PROCESS FOR THE ORGANIZATION'S FINANCIAL STATEMENT AUDIT HAVE CHANGED FROM THE PRIOR YEAR. GREATER BALTIMORE MEDICAL CENTER INC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 526049658 HEALTHCARE MD 501(C)(3) LINE 3 GBMC HEALTHCARE INC 0 GILCHRIST HOSPICE CARE INC 11311 MCCORMICK ROAD SUITE 350 HUNT VALLEY MD 21031 521851251 HOSPICE CARE MD 501(C)(3) LINE 3 GBMC HEALTHCARE INC 0 GBMC FOUNDATION INC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 521411935 FUNDRAISING MD 501(C)(3) LINE 12B, II GBMC HEALTHCARE INC 0 GBMC HEALTHCARE INC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 521484872 HEALTHCARE MD 501(C)(3) LINE 12C, III-FI N/A 0 PRESBYTERIAN EYE EAR & THROAT CHARITY HOSP INC BOARD LADY MGRS 1055 W JOPPA RD 718 TOWSON MD 20878 526052408 SUPPORTING MD 501(C)(3) LINE 12C, III-FI N/A 0 PRESBYTERIAN EYE EAR & THROAT CHARITY HOSPITAL 320 MORRIS AVE LUTHERVILLE MD 21093 520449990 SUPPORTING MD 501(C)(3) LINE 12C, III-FI N/A 0 WOMEN'S HOSPITAL FOUNDATION INC 102 W PENNSYLVANIA AVE 600 TOWSON MD 21204 520591609 SUPPORTING MD 501(C)(3) LINE 12D, III-O N/A 0 MILTON J DANCE JR ENDOWMENT INC 10112 NICHOLSON RD ELLICOTT CITY MD 21042 521104173 SUPPORTING MD 501(C)(3) LINE 12C, III-FI N/A 0 GILCHRIST BALTIMORE CENTER SUPPORT CORPORATION 11311 MCCORMICK ROAD SUITE 350 HUNT VALLEY MD 21031 854086504 SUPPORTING MD 501(C)(3) LINE 12C, III-FI GILCHRIST HOSPICE CARE INC 0 JOSEPH RICHEY HOUSE INC 11311 MCCORMICK RD SUITE 350 HUNT VALLEY MD 21031 521184960 PALLIATIVE CARE FOR TERMINALLY ILL ADULTS AND CHILDREN MD 501(C)(3) LINE 7 GILCHRIST HOSPICE CARE INC 0 HOSPICE OF WASHINGTON COUNTY INC 1710 UNDERPASS WAY SUITE 300 HAGERSTOWN MD 21740 521902068 HOSPICE CARE MD 501(C)(3) LINE 7 GILCHRIST HOSPICE CARE INC 0 GBMC PAVILION WEST MEDICAL ARTS LLC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 521899034 REAL ESTATE MANAGEMENT MD N/A 0 0 GBMC-WP-PT LLC 1447 YORK ROAD SUITE 401 LUTHERVILLE MD 21093 812388743 PHYSICAL THERAPY MD N/A 0 0 GREATER BALTIMORE DIAGNOSTIC IMAGING 7253 AMBASSADOR ROAD BALTIMORE MD 21244 521411931 RADIOLOGY MD N/A 0 0 NORTHERN BALTIMORE SURGERY CENTER 110 WEST ROAD SUITE 229 TOWSON MD 21204 522234559 OCULAR SURGERY MD N/A 0 0 GBMC AGENCY INC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 521411931 INVESTMENTS MD N/A C 0 RUXTON INSURANCE COMPANY 3 GORHAM ROAD HAMILTON HM 08 HAMILTON BD 990413102 INSURANCE CAPTIVE BD N/A C 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 1 1