2025-08-11T09:07:14+00:00 2024-09-30 990 2023-10-01 592487133 Baptist Health Properties Inc BAPT 9042022883 1660 Prudential Dr 203 Jacksonville FL 32207 KEITH TICKELL EVP & CFO 2025-08-11 2023 2025-03-06 01:10:19Z Michael A Mayo 841 Prudential Dr Ste 1601 Jacksonville FL 32207 16534581 false X www.baptistjax.com X 1983 FL To make hope, healing and well-being accessible to every person as an expression of God's love. 4 0 0 0 0 0 0 710414 13723605 15807262 304313 16905 0 0 14027918 16534581 0 0 0 0 0 0 0 0 0 10785084 12701853 10785084 12701853 3242834 3832728 139611320 167516879 128247788 154883056 11363532 12633823 To make hope, healing and well-being accessible to every person as an expression of God's love. false false 10669555 15818792 Baptist Health Properties, Inc. (BHP) owns and manages various real estate properties that are primarily leased to various healthcare-related entities that are part of Baptist Health System, Inc. (BHS), an exempt 501(c)(3) charitable hospital system located in Northeast Florida, as well as other 501(c)(3) medical-related entities. These properties include medical office buildings within close proximity to BHS's six hospitals, free parking lots for employees and patients, and vacant land for future use. During the 2024 tax year, Baptist Health Properties completed construction on Baptist Nassau Crossing Medical Campus, which includes a Free-Standing Emergency Department and Imaging Center and a medical office building condominium that was constructed by Pavilion Health Services, Inc., an affiliated company of BHP. BHP purchased 1.66 acres of undeveloped land in the Bartram Commons commercial development in Duval County on March 7, 2024. BHP also purchased 5.25 acres of undeveloped land adjacent to the Nassau Crossing campus on July 25, 2024. 10669555 true false false false false false false false false true false false false 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 true false false false true 30 0 0 false false false false false false false false false false false false X 4 0 false false true false true true true true true false false false true true true true true true true false X Scott Finnegan 9042023270 841 Prudential Dr Ste 1602 Jacksonville FL 32207 Keith A Tickell VP/Treasurer 0.5 39.5 X X 0 1145114 33489 Matthew A Zuino President 0.5 39.5 X X 0 1423109 154075 Michael A Mayo DHA Chair 0.5 39.5 X X 0 2400699 55718 Karl B Hanson Esq Director 0.1 39.9 X 0 322882 14834 G Scott Baity Esq Secretary 0.5 39.5 X 0 918506 133808 T Scott Finnegan Treasurer through 03.27.24/Asst. Treasurer 0.3 39.7 X 0 677810 125686 Brett S McClung Former Chair (As of 05.01.21) 0.0 0.0 X 0 512000 0 Scott M Wooten Former Treasurer (As of 12.28.21) 0.0 0.0 X 0 800676 0 0 8200796 517610 0 true true false C L BURKS CONSTRUCTION 1640 DEDI RD CUMMING GA 30040 CONSTRUCTION 420000 GRESHAM SMITH AND PARTNERS 225 WATER ST 2200 JACKSONVILLE FL 32202 ARCHITECTURAL SERVICES 143101 2 0 0 0 0 0 710414 710414 710414 Rental Revenue 531120 15807262 15807262 0 0 0 0 15807262 11530 11530 0 0 5375 0 0 5375 5375 5375 0 0 0 0 0 16534581 15818792 0 5375 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 161531 135686 25845 0 0 0 0 0 409051 343603 65448 0 20041 16834 3207 0 0 0 0 0 9855126 8278306 1576820 0 1336 1122 214 0 0 0 0 0 0 0 0 0 121529 102084 19445 0 0 0 0 0 2105630 1768729 336901 0 0 0 0 0 Dues & Memberships 22117 18578 3539 0 Licenses & Fees 5492 4613 879 0 0 0 0 0 12701853 10669555 2032298 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 139849 427227 213822582 53972764 132073893 159849818 0 0 0 0 0 0 7397578 7239834 139611320 167516879 3588878 5619221 0 0 223679 349761 0 0 0 0 0 0 0 0 0 0 124435231 148914074 128247788 154883056 X 11363532 12633823 0 0 0 0 0 0 0 0 11363532 12633823 139611320 167516879 X 3832728 0 0 0 0 -2562437 X false true X true false X X 3 Southern Baptist Hospital of Florida Inc 590747311 3 true 0 0 Baptist Medical Center of the Beaches Inc 592980620 3 true 0 0 Baptist Medical Center of Nassau Inc 593234721 3 true 0 0 3 0 0 true false false false false false false false false false false false false false false true false Schedule A, Part I, Line 12f Description of Non-Monetary Support SOUTHERN BAPTIST HOSPITAL OF FLORIDA, INC.: BAPTIST HEALTH PROPERTIES, INC. (BHP) OWNS AND MANAGES VARIOUS REAL ESTATE PROPERTIES THAT ARE PRIMARILY LEASED TO VARIOUS HEALTHCARE-RELATED ENTITIES, INCLUDING SOUTHERN BAPTIST HOSPITAL OF FLORIDA, INC., THAT ARE PART OF BAPTIST HEALTH SYSTEM, INC. (BHS), AN EXEMPT 501(C)(3) CHARITABLE HOSPITAL SYSTEM IN NORTHEAST FLORIDA, OR OTHER 501(C)(3) MEDICAL RELATED ENTITIES. THESE PROPERTIES INCLUDE MEDICAL OFFICE BUILDINGS WITHIN CLOSE PROXIMITY TO BHS'S SIX HOSPITALS, FREE PARKING LOTS FOR EMPLOYEES AND PATIENTS, AND VACANT LAND FOR FUTURE USE. BAPTIST MEDICAL CENTER OF THE BEACHES, INC.: BAPTIST HEALTH PROPERTIES, INC. (BHP) OWNS AND MANAGES VARIOUS REAL ESTATE PROPERTIES THAT ARE PRIMARILY LEASED TO VARIOUS HEALTHCARE-RELATED ENTITIES, INCLUDING BAPTIST MEDICAL CENTER OF THE BEACHES, INC., THAT ARE PART OF BAPTIST HEALTH SYSTEM, INC. (BHS), AN EXEMPT 501(C)(3) CHARITABLE HOSPITAL SYSTEM IN NORTHEAST FLORIDA, OR OTHER 501(C)(3) MEDICAL RELATED ENTITIES. THESE PROPERTIES INCLUDE MEDICAL OFFICE BUILDINGS WITHIN CLOSE PROXIMITY TO BHS'S SIX HOSPITALS, FREE PARKING LOTS FOR EMPLOYEES AND PATIENTS, AND VACANT LAND FOR FUTURE USE. BAPTIST MEDICAL CENTER OF NASSAU, INC.: BAPTIST HEALTH PROPERTIES, INC. (BHP) OWNS AND MANAGES VARIOUS REAL ESTATE PROPERTIES THAT ARE PRIMARILY LEASED TO VARIOUS HEALTHCARE-RELATED ENTITIES, INCLUDING BAPTIST MEDICAL CENTER OF NASSAU, INC., THAT ARE PART OF BAPTIST HEALTH SYSTEM, INC. (BHS), AN EXEMPT 501(C)(3) CHARITABLE HOSPITAL SYSTEM IN NORTHEAST FLORIDA, OR OTHER 501(C)(3) MEDICAL RELATED ENTITIES. THESE PROPERTIES INCLUDE MEDICAL OFFICE BUILDINGS WITHIN CLOSE PROXIMITY TO BHS'S SIX HOSPITALS, FREE PARKING LOTS FOR EMPLOYEES AND PATIENTS, AND VACANT LAND FOR FUTURE USE. 48014460 48014460 133263344 51483472 81779872 4957488 1230152 3727336 3759644 1259140 2500504 23827646 23827646 159849818 Advances to affiliated organizations 141144624 Land Annuity 2081006 Long Term Lease Liability 5688444 Deferred Rent Expense 0 148914074 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote With few exceptions, Baptist Health Properties, Inc. is no longer subject to examinations by major tax jurisdictions for years ended in September 30, 2020 and prior. Management does not believe there are any material uncertain positions. true true false false false false false false false Michael A Mayo DHA Chair 0 1239294 0 844798 0 316607 0 18975 0 36743 0 2456417 0 0 Keith A Tickell VP/Treasurer 0 738276 0 271777 0 135061 0 15675 0 17814 0 1178603 0 0 Matthew A Zuino President 0 865641 0 373560 0 183908 0 129527 0 24548 0 1577184 0 40179 Karl B Hanson Esq Director 0 273157 0 49700 0 25 0 12868 0 1966 0 337716 0 0 Brett S McClung Former Chair (As of 05.01.21) 0 0 0 125000 0 387000 0 0 0 0 0 512000 0 0 Scott M Wooten Former Treasurer (As of 12.28.21) 0 0 0 0 0 800676 0 0 0 0 0 800676 0 0 G Scott Baity Esq Secretary 0 566725 0 212481 0 139300 0 120024 0 13784 0 1052314 0 0 T Scott Finnegan Treasurer through 03.27.24/Asst. Treasurer 0 359938 0 111997 0 205875 0 111729 0 13957 0 803496 0 118784 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation IN ACCORDANCE WITH THE EXECUTIVE COMPENSATION POLICY OF BAPTIST HEALTH SYSTEM, INC. (BHS), THE ORGANIZATION'S SOLE MEMBER, THE LEADERSHIP & COMPENSATION COMMITTEE (THE COMMITTEE) OF BHS (MADE UP OF INDEPENDENT DIRECTORS OF BHS) ANNUALLY ENGAGES A THIRD PARTY EXECUTIVE COMPENSATION CONSULTANT WHO PROVIDES COMPARABLES FOR EXECUTIVE COMPENSATION BASED ON CURRENT DATA REGARDING COMPENSATION PAID TO SIMILAR EXECUTIVES AT SIMILARLY-SITUATED TAX EXEMPT HEALTH SYSTEMS IN THE U.S. SUCH CONSULTANT USES THESE COMPARABLE HEALTH SYSTEMS , WHICH ARE GENERALLY THE SAME SIZE AS BHS (CONSIDERING REVENUE AND OTHER APPROPRIATE INDICATORS), TO ESTABLISH AN APPROPRIATE MARKET. WHEN THE COMMITTEE MEETS WITH SUCH CONSULTANT, THE CONSULTANT PROVIDES TO COMMITTEE MEMBERS EXECUTIVE COMPENSATION TARGET LEVELS THAT ARE COMPETITIVE WITH THE MARKET. GENERALLY, THE MEDIAN OF THE MARKET IS TARGETED. THE ACTUAL AMOUNT THAT BHS EXECUTIVES RECEIVE AS COMPENSATION MAY BE HIGHER OR LOWER THAN THE MEDIAN, DEPENDING ON BHS'S AND THE INDIVIDUAL'S PERFORMANCE. ONE OBJECTIVE OF THE COMMITTEE IS TO HAVE A STRONG LINK BETWEEN BHS AND INDIVIDUAL PERFORMANCE AND EXECUTIVE COMPENSATION SUCH THAT IF BHS AND THE INDIVIDUAL PERFORM AT AN OPTIMAL LEVEL, HIS OR HER COMPENSATION IS IN THE HIGHER RANGE OF THE MARKET. CONVERSELY, IF EITHER BHS OR INDIVIDUAL PERFORMANCE IS BELOW EXPECTATION, COMPENSATION MAY BE IN THE LOWER RANGE OF THE MARKET. OTHER FACTORS THAT INFLUENCE EXECUTIVE COMPENSATION RELATIVE TO THE MARKET INCLUDE THE EXECUTIVE'S EXPERIENCE AND BHS'S NEED TO ATTRACT AND RETAIN TOP EXECUTIVE TALENT. MINUTES OF THIS ANNUAL COMPENSATION REVIEW BY THE COMMITTEE ARE RECORDED BY SUCH CONSULTANT AND ARE APPROVED PROMPTLY BY THE CHAIR OF THE COMMITTEE. Schedule J, Part I, Line 4a Severance or change-of-control payment The following individual received severance payments during calendar year 2023: Brett McClung $387,000 and Scott Wooten $800,000. This amount is included on Schedule J, part II, column b(iii). Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Baptist Health System, Inc. (BHS) parent affiliate of Baptist Health Properties, Inc., has three supplemental nonqualified retirement plans (SERPs). One is a SERP for certain executives, another is a defined benefit SERP for vice presidents, and the third is a defined contribution SERP for senior management. These SERPs are plans described in IRS Section 457(f). The benefits under these plans accrue during each executive's term of employment. These benefits are unvested and subject to forfeiture until the covered employee reaches retirement age or the five-year anniversary of the contribution date. The following individuals accrued unvested benefits under these plans during calendar year 2023: G. Scott Baity $83,700, T. Scott Finnegan $70,350, and Matthew Zuino $113,852. These accrued benefits are unvested and subject to forfeiture unless the named employee remains employed with BHS until the covered employee reaches retirement age or the five-year anniversary of the contribution date. This amount is included on Schedule J, part II, column (c). Form 990, Part VI, Line 4 Significant changes to organizational documents BAPTIST HEALTH SYSTEM, INC. AND SUBSIDIARIES ADOPTED A NEW MISSION STATEMENT TO BETTER ALIGN WITH ITS VALUES AND GOALS. Form 990, Part VI, Line 6 Classes of members or stockholders The organization has a sole corporate member, Baptist Health System, Inc. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The Board of Directors of Baptist Health System, Inc., the sole corporate member of the organization, elects the members of the governing body of the organization. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The Board of Directors of Baptist Health System, Inc., the sole corporate member of the organization, has the right to remove directors of the organization and must approve any amendments to the governing documents of the Organization. Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 and accompanying schedules are prepared internally and then provided to Baptist Health System, Inc. who is the sole corporate member of Baptist Health Properties, Inc. The board of directors of Baptist Health System, Inc. are provided a copy of the form 990 and all accompanying schedules prior to filing with the internal revenue service center. Form 990, Part VI, Line 12c Conflict of interest policy The Board of Directors of the organization's sole member, Baptist Health System, Inc., has appointed a Conflicts of Interest Committee which regularly reviews the required disclosures of potential conflicts of interest by the Directors and Officers of the organization and its affiliates and recommends any action to be taken with regard to such disclosures. In accordance with the Conflicts of Interest Policy, during meetings of the organization's governing body, a Director who may have a conflict of interest is excused from discussion by the governing body about any transaction or matter that may have given rise to the Director's actual or potential conflict of interest. Form 990, Part VI, Line 15a Process to establish compensation of top management official IN ACCORDANCE WITH THE EXECUTIVE COMPENSATION POLICY OF BAPTIST HEALTH SYSTEM, INC. (BHS), THE ORGANIZATION'S SOLE MEMBER, THE LEADERSHIP & COMPENSATION COMMITTEE (THE COMMITTEE) OF BHS (MADE UP OF INDEPENDENT DIRECTORS OF BHS) ANNUALLY ENGAGES A THIRD PARTY EXECUTIVE COMPENSATION CONSULTANT WHO PROVIDES COMPARABLES FOR EXECUTIVE COMPENSATION BASED ON CURRENT DATA REGARDING COMPENSATION PAID TO SIMILAR EXECUTIVES AT SIMILARLY-SITUATED TAX EXEMPT HEALTH SYSTEMS IN THE U.S SUCH CONSULTANT USES THESE COMPARABLE HEALTH SYSTEMS, WHICH ARE GENERALLY THE SAME SIZE AS BHS (CONSIDERING REVENUE AND OTHER APPROPRIATE INDICATORS), TO ESTABLISH AN APPROPRIATE MARKET, WHENT HE COMMITTEE MEETS WITH SUCH CONSULTANT, THE CONSULTANT PROVIDES TO COMMITTEE MEMBERS EXECUTIVE COMPENSATION TARGET LEELS THAT ARE COMPETITIVE WITH THE MARKET. GENERALLY, THE MEDIAN OF THE MARKET IS TARGETED. THE ACTUAL AMOUNT THAT BHS EXECUTIVES RECEIVE AS COMPENSATION MAY BE HIGHER OR LOWER THAN THE MEDIAN, DEPENDING ON BHS'S AND THE INDIVIDUAL'S PERFORMANCE. ONE OBJECTIVE OF THE COMMITTEE IS TO HAVE A STRONG LINK BETWEEN BHS AND INDIVIDUAL PERFORMANCE AND EXECUTIVE COMPENSATION SUCH THAT IF BHS AND THE INDIVIDUAL PERFORM AT AN OPTIMAL LEVEL, HIS OR HER COMPENSATION IS IN THE HIGHER RANGE OF THE MARKET. CONVERSELY, IF EITHER BHS OR INDIVIDUAL PERFORMANCE IS BELOW EXPECTATION, COMPENSATION MAY BE IN THE LOWER RANGE OF THE MARKET. OTHER FACOTS THAT INFLUENCE EXECUTIVE COMPENSATION RELATIVE TO THE MARKET INCLUDE THE EXECUTIVE'S EXPERIENCE AND BHS'S NEED TO ATTRACT AND RETAIN TOP EXECUTIVE TALENT. MINUTES OF THIS ANNUAL COMPENSATION REVIEW BY THE COMMITTEE ARE RECORDED BY SUCH CONSULTANT AND ARE APPROVED PROMPTLY BY THE CHAIR OF THE COMMITTEE. Form 990, Part VI, Line 15b Process to establish compensation of other employees All officers and key employees of the organization were included in the Executive Compensation policy described on Form 990, Part VI, Line 15a. This process is used to establish compensation for these individuals for each calendar year. Form 990, Part VI, Line 19 Required documents available to the public The organization make its governing documents, conflict of interest policy, financial statements, and three most recent forms 990 available to the public upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances DEEDS FOR TERM OF YEARS - 37563; CASH TRANSFER TOFROM AFFILIATES - -2600000; SOUTHERN BAPTIST HOSPITAL OF FLORIDA INC 800 Prudential Dr JACKSONVILLE FL 32207 590747311 HOSPITAL FL 501(c)(3) 3 BAPTIST HEALTH SYSTEM INC false BAPTIST MEDICAL CENTER OF THE BEACHES INC 1350 13TH AVE S JACKSONVILLE BEACH FL 32250 592980620 HOSPITAL FL 501(c)(3) 3 BAPTIST HEALTH SYSTEM INC false BAPTIST MEDICAL CENTER OF NASSAU INC 1250 S 18TH ST FERNANDINA BEACH FL 32034 593234721 HOSPITAL FL 501(c)(3) 3 BAPTIST HEALTH SYSTEM INC false BAPTIST HEALTH SYSTEM INC 841 Prudential Dr Ste 1602 Jacksonville FL 32207 592487136 Financial/Management Assistance for Healthcare System FL 501(c)(3) Type II Coastal Community Health Inc false BAPTIST HEALTH SYSTEM FOUNDATION INC 841 PRUDENTIAL DR 13TH FLR JACKSONVILLE FL 32207 592487135 FUNDRAISING FOR RELATED ENTITIES FL 501(c)(3) 7 BAPTIST HEALTH SYSTEM INC false BAPTIST HEALTH AMBULATORY SERVICES INC 1660 Prudential Dr Ste 203 JACKSONVILLE FL 32207 593410739 Medical RESEARCH AND EDUCATION FL 501(c)(3) Type I BAPTIST HEALTH SYSTEM INC false Coastal Community Health Inc 841 Prudential Dr Ste 1450 Jacksonville FL 32207 471322041 Regional affiliation of BHS with 1 other 501(c)(3) healthcare system FL 501(c)(3) Type I na false Corporate Health LLC 841 Prudential Dr Ste 1602 Jacksonville FL 32207 820790996 Development/ operation of a medically-based wellness program for the northeast Florida community FL Baptist Health Ambulatory Services Inc N/A BayBap LLC 3563 Philips Highway Ste 202 Jacksonville FL 32207 853852455 Home Health FL Pavilion Health Services Inc N/A BAPTIST-COMPASS SURGICAL VENTURES LLC 9131 ANSON WAY SUITE 304 RALEIGH NC 27615 922971116 OWNS/OPERATES SURGICAL CENTERS FOR HEALTHCARE SYSTEM NC PAVILION HEALTH SERVICES INC N/A BG-PHS NASSAU CROSSING LLC 1660 PRUDENTIAL DRIVE SUITE 203 JACKSONVILLE FL 32207 920605232 REAL ESTATE FL PAVILION HEALTH SERVICES INC N/A PAVILION HEALTH SERVICES INC 1660 Prudential Dr Ste 203 JACKSONVILLE FL 32207 592059710 PHYSICIAN PRACTICES FL Baptist Health System Inc C Corporation false Baptist Specialty Physicians Inc 1660 Prudential Dr Ste 203 Jacksonville FL 32207 861126946 Physician Practices FL Southern Baptist Hospital of Florida Inc C Corporation false false false false false false false false false false false false false false true true true true true true