2026-07-28T12:17:54-05:00 2025-09-30 010494526 Baker Newman & Noyes 280 Fore Street Suite 500 Portland ME 04101 990 2024-10-01 020429749 Capital Region Health Care Development Corp CAPI 6032277000 250 Pleasant Street Concord NH 03301 Scott Sloane Senior VP, CFO, & Treasurer 6032277000 2026-07-16 1 0 Connor Smart P02285543 2078792100 2026-07-16 2024 2025-03-06 01:10:19Z Robert P Steigmeyer 250 Pleasant Street Concord NH 03301 6916846 0 X www.concordhospital.org X 1989 NH Support related 501(c)(3) organizations which provide medical care to the community. 6 5 0 6 0 0 0 0 6197419 6534106 0 127380 315941 255360 6513360 6916846 0 0 0 0 0 0 0 0 0 5184165 5490194 5184165 5490194 1329195 1426652 24117981 26139227 16689017 17283611 7428964 8855616 Support related 501(c)(3) organizations which provide medical care to the community. 0 0 Supports Concord Hospital, Concord Hospital-Laconia, Concord Hospital-Franklin, Capital Region Health Ventures Corp., Capital Region Health Care Corp., and their exempt purposes through the management of real estate holdings. 0 0 0 0 0 0 0 0 0 1 1 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 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 1 1 NH X Scott Sloane Senior VP CFO 6032252711 250 Pleasant Street Concord NH 033017539 X Robert Steigmeyer President & CEO, Member Ex-Officio 1.00 62.00 X X 0 1665954 350155 Lucy Karl Esq Trustee (end FY 2025) 1.00 6.00 X 0 0 0 Manisha Patel DDS Trustee 1.00 7.00 X 0 0 0 Robert Segal Trustee 1.00 7.00 X 0 0 0 Charles Fanaras Chair 1.00 7.00 X X 0 0 0 Lucy Hodder Esq Vice Chair 1.00 6.00 X X 0 0 0 Don Welford Secretary (start FY 2025) 1.00 7.00 X X 0 0 0 Scott Sloane Senior VP, CFO, & Treasurer 1.00 62.00 X 0 843934 195114 0 2509888 545269 0 0 1 0 0 Property management 532000 6534106 6534106 6534106 2498 2498 124882 0 124882 124882 124882 OSC Condo rentals 532000 255360 255360 255360 6916846 6789466 0 127380 X 942622 201569 1578 2184636 797750 1203090 158949 5490194 34627 187195 200469 208570 54393306 35168151 15246270 19225155 5190798 4946659 3445817 1571648 24117981 26139227 371775 1598501 11829 16317242 15673281 16689017 17283611 X 7428964 8855616 7428964 8855616 24117981 26139227 1426652 0 X X 0 1 X 1 1 1 876569 876569 46732621 32175606 14557015 205868 114500 91368 4338808 2878045 1460763 2239440 2239440 19225155 Investment in OSC Condo LLC 4946659 C 4946659 Due from affiliates 1571648 1571648 Due to affiliates 15673281 15673281 X Part X, Line 2: The Hospital, CH-Laconia, CH-Franklin, CRHCDC, CRHVC, and the Trust are not-for-profit corporations as described in Section 501(c)(3) of the Internal Revenue Code, and are exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. CH-ACO was organized as a single member limited liability company and has elected to be treated as a disregarded entity for federal and state income tax reporting purposes. Accordingly, all income or losses and applicable tax credits are reported on the member's income tax returns, with the exception of taxes due to the State of New Hampshire. Management evaluated the System's tax positions and concluded the System has maintained its tax-exempt status, does not have any significant unrelated business income and had taken no uncertain tax positions that require adjustment to or disclosure in the accompanying consolidated financial statements. GSIE, CHIG, CH-ACO, CEC and CRHSC account for income taxes in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740, Income Taxes. FASB ASC 740 is an asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the tax and financial reporting basis of certain assets and liabilities. Resulting income tax expense and the temporary differences between the tax and financial reporting basis are not material. 0 1 0 Robert Steigmeyer President & CEO, Member Ex-Officio 0 980785 0 452000 0 233169 0 306690 0 43465 0 2016109 0 197425 Scott Sloane Senior VP, CFO, & Treasurer 0 535000 0 252600 0 56334 0 162680 0 32434 0 1039048 0 26462 Part I, Line 3 The compensation for the Organization's CEO was established by a related organization, Concord Hospital. That organization established the CEO's compensation by using a compensation committee, independent compensation consultant, and a compensation study. The compensation was also approved by the Hospital's compensation committee. Part I, Line 4b Form 990, Schedule J, Line 4b, Non-Qualified Deferred Compensation Plans: Capital Region Health Care Development Corporation is a related organization to Concord Hospital. Accordingly, certain individuals who are reported on Capital Region Health Care Development Corporation's Form 990, Part VII and Schedule J, as Trustees, Officers, or Key Employees, participate in Concord Hospital's non-qualified deferred compensation plans. Robert P. Steigmeyer, President & CEO, and Scott Sloane, Treasurer and CFO, each participated in a 457(f) plan with Concord Hospital, Inc. during the fiscal year covered by this tax return. Under the terms of the plan, amounts deferred and contributed to the plan are subject to a three-year vesting period. After satisfying this vesting period, 457(f) deferred amounts are to be included in the participants' taxable W-2 wages. The calendar year ending within the Hospital's current reporting period of September 30, 2025 (tax year 2024) includes amounts previously set aside as deferred under these named individuals' 457(f) plan more than three years ago, and have therefore become vested. Accordingly, these individuals are now recognizing in their W-2 taxable wages vested 457(f) plan deferrals. For the period covered by this tax return, included within these individuals' 2024 Form W-2 taxable income, are vested 457(f) deferrals of the below-listed amounts, which represent amounts previously reported on Schedule J, Part II, Column C, as deferred compensation for the fiscal year ending September 30, 2021. In accordance with IRS instructions, this vested and taxable amount has been included in Schedule J, Part II, Column B(iii) and Column F. - Robert P. Steigmeyer: $197,425 - Scott Sloane: $26,462 Beginning with the September 30, 2015, tax year, there have been contributions to Mr. Steigmeyer's 457(f) plan. Each contribution, plus earnings, will be reported in Mr. Steigmeyer's W-2 after a three-year vesting period. For the fiscal years ended September 30, 2023, 2024, and 2025, Mr. Steigmeyer received total plan contributions (including interest and investment credits) of $231,021, $247,552, and $269,284, respectively. Due to the timing between the Hospital's fiscal year filing period and the calendar year period by which compensation and benefits information is reported on Form 990, Schedule J, the amount included in Mr. Steigmeyer's deferred compensation amounts in this Schedule J, Part II, Column C, includes the $192,330 contribution to his 457(f) plan, plus $55,221 of earnings. During the year ending September 30, 2021, the Hospital established a Supplemental Executive Retirement Plan (SERP) for the Senior Vice Presidents of Concord Hospital. Under the terms of this SERP, the Hospital credits Senior Executives' accounts at the end of each fiscal year, and the credit shall vest and become payable on the third anniversary of the date such amounts are credited to the account, provided the Senior Executives remain continuously employed through the applicable vesting date. The three-year vesting period SERP amount will be included in taxable W-2 wages upon vesting and payment. For the fiscal years ended September 30, 2023, 2024, and 2025, total contributions to the SERP, including interest and investment earnings credits, were as follows for the applicable participating executives: - Scott Sloane: $48,021, $76,659, and $86,249, respectively. Due to the timing between the Hospital's fiscal year filing period and the calendar year period by which compensation and benefits information is reported on Form 990, Schedule J, the amount included in these individuals' deferred compensation amounts on this Schedule J, Part II, Column C, including contributions to their 457(f) plans and earnings, are as follows: - Scott Sloane: contributions, $66,661; interest credit, $9,998. Form 990, Part VI, Section A, line 6 Concord Hospital, Inc. a charitable corporation, acting by and through its Board of Trustees, shall be the sole member of the Corporation. Form 990, Part VI, Section A, line 7a The Board of Trustees shall be composed of not less than five nor more than ten persons, the number to be established and elected by the Member, at least one of whom is also a Trustee of Concord Hospital, Inc. Any Trustee may be removed at any time, with or without cause, by the Member. Form 990, Part VI, Section A, line 7b The affairs of the Corporation shall be managed by the Board of Trustees who shall have and may exercise all the powers of the Corporation, except those reserved to the Member by law, the Articles of Agreement or the bylaws. In addition: -The Corporation's annual operating budget and all capital budgets shall be subject to approval by the Member. -Any overall strategic plan for the Corporation, including the development of off-site facilities, the addition of new programs and affiliations with other institutions, shall be consistent with the strategic plan of the Member as determined by the Member. -The borrowing of any sum in excess of $100,000 which has a stated term greater than one year or which is secured by a mortgage of all or any portion of the Corporation's real property or by a security interest in the Corporation's assets or revenues shall be subject to approval by the Member, provided, however, that approval by the Member shall not be necessary for any borrowing to purchase or lease equipment or other personal property secured by a purchase money lien or a title retention or security agreement except as incident to the review of the capital budget pursuant to paragraphs above. -Any voluntary dissolution, merger or consolidation of the Corporation or the sale or transfer of all or substantially all of the Corporation's assets or the creation or acquisition of any subsidiary or affiliate corporation shall be subject to approval by the Member. -The Board shall select as certified public accountants for the Corporation the firm which audits the books and records of the Member. Form 990, Part VI, Section B, line 11b All board members receive a copy of the 990 to review prior to filing the report. Form 990, Part VI, Section B, line 12c Each Trustee, officer and committee member, upon entering the duties of his/her office and annually thereafter, will be advised of this policy and shall sign a statement acknowledging his/her understanding of and agreement to this policy. Annual reviews will adhere to state regulations that require public notice for any significant pecuniary transaction. Form 990, Part VI, Section B, line 15 The evaluation of the performance of the Chief Executive Officer ("CEO") of Concord Hospital and its subsidiaries (collectively the "Hospital") is an important responsibility of the Concord Hospital Board of Trustees (the "Board") and is vital in ensuring that the Hospital meets its mission. The Board has delegated the responsibility of initiating the process of conducting the CEO's performance evaluation and initiating the process of setting the CEO's compensation to the Board's Compensation Committee. The Compensation Committee also is charged with the responsibility of reviewing the appropriateness of the compensation of the Hospital's Chief Operating Officer (COO), Chief Financial Officer (CFO), and Chief Medical Officer (CMO) as proposed by the CEO. The Compensation Committee shall present its report of the CEO's annual performance to the Board for its further input and consideration. The Compensation Committee shall also make its recommendation to the Board concerning the CEO's compensation. Finally, the Compensation Committee shall make its recommendation to the Board concerning the compensation of the COO, CFO, and CMO. The Board shall review the recommendations of the Compensation Committee as to the compensation of the Hospital's CEO, COO, CFO, and CMO and shall set their compensation as the Board deems appropriate. The Board directs that the Compensation Committee and the Board itself, in their respective undertakings of recommending and setting the compensation of the Hospital's CEO, COO, CFO and CMO, avoid conflicts of interest and be guided by the "rebuttable presumption of reasonableness" regulations under the so-called "Excess Benefit Transaction" provisions of the Internal Revenue Code ("IRC"). The Board authorizes the Compensation Committee to use such financial and advisory (e.g., legal counsel, consultant) resources as it reasonably deems appropriate to fulfill its duties in evaluating the CEO's performance and in making its recommendations to the Board regarding compensation for the CEO, COO, CFO, and CMO. Form 990, Part VI, Section C, line 19 Yes, the organization makes all of this information available to the public. Audited financial statements and the most recent quarter ended financial statements are posted to the Electronic Municipal Market Access (EMMA) website. In addition to this, the Hospital sends its annual report, including a financial summary, to members of the community via the US Postal service. Governing documents and conflicts of interest filings adhere to state regulations that require public notice for any significant pecuniary transaction. Form 990, Part VII, Section A, Column E: The compensation reported for Robert Steigmeyer and Scott Sloane were paid by Concord Hospital for their services as full-time executives. In total, they each worked an average of 63 hours per week for all entities in the Concord Hospital health care system, respectively, of which an average of 1 hour per week was dedicated to Capital Region Health Care Development Corp. Form 990, Part IX, line 11g Outside services and compensation 942,622. Form 990, Part XII, Line 2c: There was no change in the process for oversight of the audit of financial statements for the fiscal year. Capital Region Health Care Corporation 250 Pleasant Street Concord NH 03301 020222123 Promote comprehensive health service system NH 501(c)(3) Line 12a, I N/A 0 Capital Region Health Ventures Corp 250 Pleasant Street Concord NH 03301 020438264 Promote medical care to community NH 501(c)(3) Line 12b, II Concord Hospital 0 Concord Hospital Trust 250 Pleasant Street Concord NH 03301 260378710 Fundraising NH 501(c)(3) Line 12a, I Concord Hospital 0 Concord Hospital 250 Pleasant Street Concord NH 03301 222594672 Provide medical care NH 501(c)(3) Line 3 Capital Region Health Care Corp 0 Concord Regional Visiting Nurse Association POBox 1797 Concord NH 03302 020222122 Home health care & hospice services NH 501(c)(3) Line 10 N/A 0 Riverbend Community Mental Health Inc 3-5 State Street Concord NH 03302 020264383 Multi-service team NH 501(c)(3) Line 7 N/A 0 Concord Hospital - Franklin 250 Pleasant Street Concord NH 03302 851433123 Provide medical care to community NH 501(c)(3) Line 3 Concord Hospital 0 Concord Hospital - Laconia 250 Pleasant Street Concord NH 03302 851443782 Provide medical care to community NH 501(c)(3) Line 3 Concord Hospital 0 Concord Imaging Center LLC 2 1/2 Beacon Street Concord NH 03301 020436605 Provide radiology services to community NH N/A 0 0 Capital Orthopedic Surgery Center 250 Pleasant Street Concord NH 03301 020522860 Provide medical care to community NH N/A 0 0 OSC Condo LLC 250 Pleasant Street Concord NH 03301 872969559 Rental Property NH N/A 0 0 Capital Region Health Services Corporation 250 Pleasant Street Concord NH 03301 020428631 Medical services NH N/A C 0 Capital Region Primary Care Corporation 250 Pleasant Street Concord NH 03301 020495275 Inactive NH N/A C 0 Lakes Region Medical Office Building 250 Pleasant Street Concord NH 03301 020409867 Rental properties and condominiums NH N/A C 0 Hillside Medical Park Condo Association 250 Pleasant Street Concord NH 03301 863920257 Rental properties and condominiums NH N/A C 0 CH Memorial West Condominium Association 250 Pleasant Street Concord NH 03301 372006095 Rental properties and condominiums NH N/A C 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 Schedule R, Part III: In accordance with IRS instructions, the partnerships listed in Part III are being reported due to their control relationship with Capital Region Health Ventures Corp and Venture Corp's brother/sister relationship with Capital Region Health Care Development Corp.