2024-04-10T22:19:21-05:00 2023-06-30 861065772 DELOITTE TAX LLP 695 TOWN CENTER DR STE 1000 COSTA MESA CA 92626 990 2022-07-01 854086504 GILCHRIST BALTIMORE CENTER SUPPORT CORPORATION GILC 4438498200 11311 MCCORMICK ROAD 350 HUNT VALLEY MD 21031 CATHERINE HAMEL PRESIDENT 4438498200 2024-04-09 1 CATHERINE HAMEL 999009999 0 JOHN W SADOFF JR P00540589 7144367100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X CATHERINE HAMEL 11311 MCCORMICK ROAD 350 HUNT VALLEY MD 21031 522882 0 X N/A X 2020 MD THE SPECIFIC OBJECTIVES OF THE CORPORATION SHALL BE TO: (I) SUPPORT GILCHRIST HOSPICE CARE, INC. ("GHC") SO LONG AS SUCH ORGANIZATION CONTINUES TO BE CREATED AND ORGANIZED FOR EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE; (II) DEVELOP, INITIATE, AND OPERATE PROJECTS THAT ARE CONSISTENT WITH THE NEEDS OF GHC; AND (III) ENGAGE IN ANY LAWFUL ACT OR ACTIVITY IN FURTHERANCE OF THE FOREGOING, PROVIDED SUCH ACTIVITIES ARE NOT IN VIOLATION, OR INCONSISTENT WITH, THE CORPORATION'S STATUS AS A CHARITABLE AND EDUCATIONAL ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE. 5 3 0 0 0 0 0 0 0 0 0 5130 258875 517752 258875 522882 0 0 0 0 0 0 0 0 0 510015 956087 510015 956087 -251140 -433205 17957430 17750297 16313892 16539964 1643538 1210333 X THE SPECIFIC OBJECTIVES OF THE CORPORATION SHALL BE TO: (I) SUPPORT GILCHRIST HOSPICE CARE, INC. ("GHC") SO LONG AS SUCH ORGANIZATION CONTINUES TO BE CREATED AND ORGANIZED FOR EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE; (II) DEVELOP, INITIATE, AND OPERATE PROJECTS THAT ARE CONSISTENT WITH THE NEEDS OF GHC; AND (III) ENGAGE IN ANY LAWFUL ACT OR ACTIVITY IN FURTHERANCE OF THE FOREGOING, PROVIDED SUCH ACTIVITIES ARE NOT IN VIOLATION, OR INCONSISTENT WITH, THE CORPORATION'S STATUS AS A CHARITABLE AND EDUCATIONAL ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE. 0 0 729846 517752 GILCHRIST BALTIMORE CENTER SUPPORT CORPORATION ("GBCSC") WAS CREATED PRIMARILY TO SERVE AS THE QUALIFIED LOW INCOME BUSINESS ("QALICB") FOR PURPOSES OF THE NEW MARKET TAX CREDIT ("NMTC") FINANCING AGREEMENT FOR THE NEW INPATIENT HOSPICE FACILITY AT STADIUM PLACE, IN BALTIMORE CITY. IN THIS CAPACITY, GBCSC RECEIVED QUALIFIED LOW INCOME COMMUNITY INVESTMENT ("QLICI") LOANS TO FUND CONSTRUCTION OF THE NEW FACILITY. CONSTRUCTION OF THE HOSPICE FACILITY AT STADIUM PLACE WAS COMPLETED IN DECEMBER, 2021, AT WHICH POINT GBCSC BEGAN LEASING THE FACILITY TO GILCHRIST HOSPICE CARE, INC., ("GILCHRIST"), AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). GILCHRIST USES THE FACILITY TO PROVIDE INPATIENT HOSPICE AND ELDER MEDICAL CARE TO RESIDENTS OF BALTIMORE CITY. 729846 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MD X X LAURIE BEYER 4438492000 6701 N CHARLES STREET TOWSON MD 21204 MS CATHERINE HAMEL PRESIDENT 1.00 59.00 X X 0 535559 59996 MS ELIZABETH LEE VICE PRESIDENT 1.00 59.00 X X 0 165888 57765 MS NICHOLE DOYLE BATTLE SECRETARY/TREASURER 1.00 0.00 X X 0 0 0 MS CATHERINE BOYNE DIRECTOR 1.00 0.00 X 0 0 0 MS ALISON G BROWN MPH DIRECTOR 1.00 0.00 X 0 0 0 MS LAURIE R BEYER EVP & CFO GBMC HEALTHCARE 1.00 59.00 X 0 569499 128397 0 1270946 246158 0 0 1 0 0 5130 5130 517752 0 517752 517752 517752 522882 517752 0 5130 13092 13092 213149 213149 193956 193956 535890 535890 956087 729846 226241 0 2599224 2484921 282618 208500 15075771 587336 14886213 14488435 189375 568441 17957430 17750297 -30 74522 11142826 11280940 5171096 5184502 16313892 16539964 X 1643538 1210333 1643538 1210333 17957430 17750297 -433205 0 X 0 1 X 1 0 X X X 1 GILCHRIST HOSPICE CARE INC 521851251 3 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 SCHEDULE A, PART IV, SECTION D, LINE 3: GILCHRIST HAS THE AUTHORITY TO ELECT 2 OUT OF 5 BOARD MEMBERS AND, THEREFORE, HAS THE ABILITY TO INFLUENCE MANAGEMENT'S DECISIONS RELATED TO THE ACTIVITIES OF THE ORGANIZATION. SCHEDULE A, PART IV, SECTION E, LINE 2A: GBCSC FURTHERS GHC'S EXEMPT STATUS BY ALLOWING, THROUGH ITS FINANCING AND CONSTRUCTION OF STADIUM PLACE, EXPANSION OF GHC'S HOSPICE SERVICES INTO UNDERSERVED AND LOW-INCOME COMMUNITIES IN BALTIMORE CITY. GBCSC WAS RESPONSIVE TO GHC BY MAKING THE STADIUM PLACE FACILITY AVAILABLE FOR LEASE TO GHC. GILCHRIST LEASES STADIUM PLACE FROM GBCSC WHICH REPRESENTS SUBSTANTIALLY ALL OF GBCSC'S ACTIVITY. GBCSC'S ONLY ASSET, STADIUM PLACE, WAS CONSTRUCTED WITH THE INTENT TO BE LEASED TO GHC. GBCSC'S SOLE SOURCE OF INCOME WILL BE THE LEASE PAYMENTS MADE BY GILCHRIST, WHICH WILL EQUAL THE DEBT SERVICE ON THE QLICI LOANS ON AN ANNUAL BASIS. THUS, GBCSC WILL HAVE NO CASH FLOW TO PERFORM ANY OTHER ACTIVITIES. ADDITIONALLY, GBCSC WILL BE UNABLE TO LEASE ITS ONLY ASSET, STADIUM PLACE, TO ANY OTHER TENANTS DURING THE LEASE WITH GILCHRIST. SCHEDULE A, PART IV, SECTION E, LINE 2B: GILCHRIST WOULD HAVE BUILT STADIUM PLACE ON ITS OWN WITHOUT THE SUPPORT OF GBCSC. GBCSC ALLOWED GILCHRIST TO CAPITALIZE ON FAVORABLE FINANCING TERMS TO PERFORM THE CONSTRUCTION. SCHEDULE A, PART I, LINE 12G: GBCSC PROVIDED A MECHANISM FOR GHC TO RECEIVE FUNDING TOWARDS THE CONSTRUCTION OF ITS NEW FACILITY IN BALTIMORE CITY, STADIUM PLACE. 14927628 578447 14349181 148143 8889 139254 14488435 INTERCOMPANY PAYABLE 5184502 5184502 X PART X, LINE 2: GILCHRIST BALTIMORE CENTER SUPPORT 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 EXEMPT FROM INCOME TAXES 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. INCOME TAXES ARE PROVIDED FOR EARNINGS (LOSS) OF THOSE SUBSIDIARIES WHICH ARE SUBJECT TO FEDERAL AND STATE INCOME TAX BASED ON AGENCY'S SHARE OF THE SUBSIDIARIES' TAXABLE INCOME, WHETHER OR NOT DISTRIBUTED. AGENCY'S SHARE OF THESE SUBSIDIARIES' NET LOSSES IS DEDUCTIBLE TO THE EXTENT OF AGENCY'S TAX BASIS IN THE SUBSIDIARIES. 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, 2023 AND 2022 FOR UNCERTAIN TAX POSITIONS. 0 1 0 0 0 0 0 0 0 MS LAURIE R BEYER EVP & CFO GBMC HEALTHCARE 0 440297 0 120767 0 8435 0 78618 0 49779 0 697896 0 65968 MS CATHERINE HAMEL PRESIDENT 0 417842 0 47825 0 69892 0 13922 0 46074 0 595555 0 0 MS ELIZABETH LEE VICE PRESIDENT 0 156432 0 8677 0 779 0 5384 0 52381 0 223653 0 0 PART I, LINE 4B GBMC HEALTHCARE HAS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN. 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. THE CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN C OR IN SCHEDULE J, PART II, COLUMN B(III) AS PART OF DEFERRED COMPENSATION. MS. CATHERINE Y. HAMEL PARTICIPATED IN THIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THE AMOUNTS PAID OUT OF THIS PLAN IN 2022 WERE AS FOLLOWS: MS. CATHERINE Y. HAMEL - $61,605 FORM 990, PART VI, SECTION A, LINE 7A GILCHRIST HOSPICE CARE, THE SUPPORTED ORGANIZATION OF GILCHRIST BALTIMORE CENTER SUPPORT CORPORATION, APPOINTS TWO DIRECTORS AT THE ANNUAL MEETING OF THE BOARD. GILCHRIST HOSPICE CARE MAY NOT APPOINT MORE THAN TWO-FIFTHS OF THE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. WHEN NO SUCH COMMITTEES EXIST, THIS QUESTION SHOULD BE MARKED NO. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENTARY BEFORE THE FINAL FORM WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C GBCSC HAS EACH OF THE BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 ANY COMPENSATION LISTED ON FORM 990, PART VII IS PAID BY GILCHRIST HOSPICE CARE, INC. ("GHC"), THE SUPPORTED ORGANIZATION OF GILCHRIST BALTIMORE CENTER SUPPORT CORPORATION. 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 GHC'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 (E.G., 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 ARE MADE PUBLIC THROUGH THE STATE OF MARYLAND CHARITABLE REGISTRATION. FINANCIAL STATEMENTS FOR GBMC HEALTHCARE, INC. ARE ALSO 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. GBMC FOUNDATION INC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 521411935 FUNDRAISING MD 501(C)(3) LINE 12, TYPE II GBMC HEALTHCARE INC 0 GBMC HEALTHCARE INC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 521484872 HEALTHCARE MD 501(C)(3) LINE 12, TYPE III FI N/A 0 GBMC LAND INC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 521413360 REAL ESTATE PROPERTY MD 501(C)(3) LINE 12, TYPE I GBMC HEALTHCARE INC 0 GREATER BALTIMORE MEDICAL CENTER INC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 526049658 HEALTHCARE MD 501(C)(3) LINE 3 GBMC HEALTHCARE INC 0 PRESBYTERIAN EYE EAR AND THROAT CHARITY HOSPITAL 320 MORRIS AVE LUTHERVILLE MD 21093 520449990 SUPPORTING MD 501(C)(3) LINE 12, TYPE III FI N/A 0 MILTON J DANCE JR ENDOWMENT INC 409 WASHINGTON AVENUE BALTIMORE MD 21204 521104173 SUPPORTING MD 501(C)(3) LINE 12, TYPE III FI N/A 0 WOMEN'S HOSPITAL FOUNDATION INC PO BOX 166 RIDERWOOD MD 21139 520591609 FUNDRAISING MD 501(C)(3) LINE 12, TYPE III NF N/A 0 PRESBYTERIAN EYE EAR & THROAT CHARITY HOSP INC BOARD LADY MGRS 20 INDIAN LANE BALTIMORE MD 21210 526052408 SUPPORTING MD 501(C)(3) LINE 12, TYPE III FI N/A 0 GILCHRIST HOSPICE CARE INC 11311 MCCORMICK RD SUITE 350 HUNT VALLEY MD 21031 521851251 HOSPICE SERVICES MD 501(C)(3) LINE 3 GBMC HEALTHCARE 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 GBMC AGENCY INC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 521411931 INVESTMENTS MD N/A C 0 RUXTON INSURANCE COMPANY LTD 3 GORHAM ROAD HAMILTON HM 08 BD 980413102 INSURANCE CAPTIVE BD N/A C 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 GILCHRIST HOSPICE CARE INC J 517752 COST