2026-08-17T16:33:47-07:00 2025-09-30 990 2024-10-01 222535539 NEWPORT HEALTH PROPERTY MANAGEMENT INC NEWP 4018466400 11 Friendship Street Newport RI 02840 Kevin Bickerstaff Director of Finance 4014447035 2026-08-17 1 2024 2025-03-06 01:10:19Z Marcia L Neiberg 15 LaSalle Square Providence RI 02903 418236 0 X X 1983 RI Newport Health Property Management (NHPM) is operated for the purpose of supporting and encouraging the development of comprehensive, integrated health-care related services for the advancement and well-being of Newport County, Rhode Island. 4 0 0 0 0 0 0 0 389097 399350 5402 5414 0 0 394499 404764 0 0 0 0 0 0 0 0 0 482967 524171 482967 524171 -88468 -119407 3420438 3239623 128962 66066 3291476 3173557 NHPM's purpose is the development of comprehensive, integrated health-care related services for the advancement and well-being of the community, through the ownership, management, and operation of real estate and other property, in furtherance of the purposes of Newport Health Care Corporation as well as Brown University Health and its affiliates. 0 0 524171 0 399350 NHPM owns, operates, and maintains health care real estate properties for the purpose of supporting and encouraging the development of comprehensive, integrated health-care related services for the advancement and well-being of Newport County, Rhode Island, consistent with the mission of Newport Health Care Corporation. All of the organization's program service expenses are for this purpose. 0 0 0 524171 1 0 0 0 0 0 0 0 0 1 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 3 0 0 0 0 0 0 0 0 0 0 X 4 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 RI X Peter K Markell 4014447914 15 LaSalle Square Providence RI 02903 John Fernandez Trustee 0.1 72.9 X 0 1651362 365361 Peter K Markell EVP & CFO 0.1 59.9 X 0 1464555 40760 Paul J Adler Secretary 0.25 49.75 X X 0 879367 149013 Marcia L Neiberg President 0.25 49.75 X X 0 630795 139043 Nicholas P Dominick Former President 0 50 X 0 702482 40089 Eva Greenwood Treasurer 0.1 49.9 X X 0 539491 116060 0 5868052 850326 0 1 1 0 0 0 Rental Revenue 531310 399350 399350 0 0 0 0 0 0 399350 1718 0 0 1718 0 0 0 0 0 0 0 0 0 0 17168 0 13472 0 3696 0 3696 0 0 3696 0 404764 399350 0 5414 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 221433 221433 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 166138 166138 0 0 0 0 0 Purchased Services 136600 136600 0 0 0 0 0 0 524171 524171 0 0 400104 73375 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6303912 3748965 2721084 2554947 57820 64722 0 0 0 0 0 0 241430 546579 3420438 3239623 114191 3444 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14771 62622 128962 66066 X 3291476 3173557 0 0 3291476 3173557 3420438 3239623 -119407 1488 0 0 0 0 X X 0 1 X 1 0 X X 1 Newport Health Care Corporation 222535537 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule A, Part IV, Section B, Line 1 Effective October 23, 2012, the Board of Directors of Brown University Health (formerly Lifespan) and the Boards of Trustees of Newport Health Care Corporation, Newport Hospital (NH), Rhode Island Hospital (RIH), The Miriam Hospital (TMH), and Emma Pendleton Bradley Hospital (EBPH) approved a restructuring of their governance. Gateway Healthcare, Inc. (Gateway) joined the Brown Health system on July 1, 2013 and adopted this restructured governance. The restructuring has increased governance effectiveness and has streamlined governance operation, as well as provided a single strategic perspective for the Brown University Health system hospitals (the Hospitals). Pursuant to the restructuring, the bylaws of each of the above-noted affiliates were amended such that the composition of the Boards of Trustees of Newport Health Care Corporation, each of the Hospitals, and Gateway is defined as those persons serving from time to time as the directors of Brown Health. As a result, the Boards of each entity are comprised of the same individuals. The Board of each entity retains its responsibilities and authorities notwithstanding the revision in its composition. As such, Brown Health holds the power to appoint and/or remove directors or trustees on behalf of NHPM's supported organization, Newport Health Care Corporation, along with NH, RIH, TMH, EPBH, and Gateway. 57819 0 6903 0 0 0 64722 48958 0 9221 0 360 0 57819 44188 0 4750 0 340 0 48598 51297 0 -7109 0 0 0 44188 41467 0 9830 0 0 0 51297 1 0 0 0 1 1 0 544876 544876 0 4911645 2955805 1955840 0 773351 725162 48189 0 0 0 0 0 74040 67998 6042 2554947 Due from Affiliates 546579 546579 0 Due to Affiliates 62622 62622 X Schedule D, Part V, Line 4 NHPM's unrestricted endowment funds are utilized to operate and maintain health care real estate properties in furtherance of the benevolent philosophy of Newport Health Care Corporation (NHCC), NHPM's sole member. Schedule D, Part X, Line 2 NHCC and its affiliate, NHPM, are not-for-profit corporations as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and are exempt from Federal income taxes pursuant to Section 501(a) of the Code. NHPM recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Recognized income tax positions are measured at the largest amount of benefit that is greater than fifty percent likely to be realized upon settlement. Changes in measurement are reflected in the period in which the change in judgment occurs. NHPM did not recognize the effect of any income tax positions in either 2025 or 2024. 0 1 0 0 0 0 0 0 0 John Fernandez Trustee 0 1550583 0 0 0 100779 0 334533 0 30828 0 2016723 0 0 Peter K Markell EVP & CFO 0 1221588 0 0 0 242967 0 18975 0 21785 0 1505315 0 0 Paul J Adler Secretary 0 757627 0 0 0 121740 0 127377 0 21636 0 1028380 0 89854 Marcia L Neiberg President 0 613885 0 0 0 16910 0 106215 0 32828 0 769838 0 0 Nicholas P Dominick Former President 0 478872 0 0 0 223610 0 17332 0 22757 0 742571 0 206825 Eva Greenwood Treasurer 0 516279 0 0 0 23212 0 91782 0 24278 0 655551 0 0 Schedule J, Part I, Line 4 Line 4b: Brown University Health offers a non-qualified supplemental employee retirement plan to certain executives. The following individual was credited with the amount indicated during calendar year 2024 and such amount is included in deferred compensation on Schedule J, Part II, Column C: Paul Adler - $106,677. Nicholas P. Dominick - $5,513. John Fernandez - $313,833. Eva Greenwood - $73,257. Marcia L. Neiberg - $88,870. In 2024, the following individual became vested in and was paid a non-qualified supplemental employee retirement plan (SERP) amount and such amount is included in Medicare wages, more specifically on Schedule J, Part II, Column B(iii): Paul J. Adler - $89,854. Nicholas P. Dominick - $206,825. Peter K. Markell - $158,521. Participants included in Brown University Health's SERP are awarded plan contributions on a quarterly basis. Contributions and interest earned during a plan year vest after three years and are paid to plan participants at that time. SERP payments earned during the calendar year which have not yet vested are disclosed on Schedule J, Part II, Column C. Vested SERP payments received during the year are disclosed on Schedule J, Part II, Column B(iii) (as well as Column F if reported on Schedule J, Part II, Column C of a previously filed Form 990). Plan contributions awarded to participants who have reached age 62 become vested as of the beginning of the following calendar year. Form 990, Part VI, Section A, Line 2 Paul J. Adler, Brown University Health Secretary, Nicholas P. Dominick, Senior Vice President of RIH, and Eva Greenwood, Treasurer, served as officers of Brown University Health MSO, Inc.(MSO), a related for-profit organization. Form 990, Part VI, Section A, Line 6 Brown University Health is the sole member of NHCC, which in turn is the sole member of NHPM. Form 990, Part VI, Section A, Line 7a The bylaws of NHPM, including the bylaws of NHCC, confer certain reserved powers upon Brown Health to provide it with the means of effective oversight, coordination, and support of the system. Powers reserved to Brown Health include: to elect and remove NHPM trustees and to approve the election/removal of certain officers. At each annual meeting of NHPM's Board of Trustees, a list is compiled of the names of those persons selected to serve as Trustees of NHPM so that it can be approved and submitted to Brown Health for ratification and election. Form 990, Part VI, Section A, Line 7b Brown Health has the responsibility for planning, directing, and establishing policies intended to assure the development and delivery of quality health services on an integrated, cost-effective basis. Powers reserved to Brown Health, in addition to those noted above, include: to approve amendments of the Articles of Incorporation and Bylaws and other charter documents; to approve strategic plans; to approve any capital or operating budgets or material non-budgeted expenditures; and to authorize incurrence or guaranty of material indebtedness. Form 990, Part VI, Section B, Line 11b The preparation and filing of the Form 990 and supporting schedules is the responsibility of the Executive Vice President & Chief Financial Officer (EVP/CFO) and Brown Health's Finance Department. The Form 990 is prepared by the accounting staff upon completion of Brown Health's annual independent audit and is reviewed by the Corporate Services Tax Compliance Manager and the Director of Finance - Corporate Services. The draft Form 990 is then provided to the EVP/CFO for final management review. Prior to filing the return with the Internal Revenue Service, a copy of the entire form is sent to NHPM's Board of Trustees in advance of its next Board meeting, at which the EVP/CFO discusses the highlights of the Form. All questions and concerns of the members of the Board are addressed by the EVP/CFO and incorporated into the Form 990 when appropriate. Once the Form 990 is complete and ready to be filed, the members of the Board are notified via email that a copy of the final version of the Form 990 is accessible through the same password-protected website portal. The EVP/CFO is authorized to file the Form 990. Form 990, Part VI, Section B, Line 12c Brown Health has a Conflict of Interest Policy that is applicable to all affiliates, including NHPM, and administered by Brown Health's Compliance Department as follows: Each designated person subject to Brown Health's conflict of interest policy is required to provide Brown Health with an initial disclosure statement and thereafter an annual statement attesting that: (i) the designated person has read and is familiar with this policy, and (ii) the designated person and, to the best of his/her knowledge, family members, have not in the past engaged in, are not presently engaging in, or plan to engage in, any activity which contravenes this policy. If, at any time during the course of employment or association, a designated person has reason to believe that an existing or contemplated activity may contravene this policy, the person shall submit a full written description of the activity to the Brown Health Compliance Officer or the Office of the General Counsel to seek a determination as to whether the contemplated activity does or does not contravene this policy. If the activity in question involves either the Chief Executive Officer, the Senior Vice President and General Counsel, or a Trustee, a full written disclosure must be made to, and a determination sought from, the Chairman of the Board of Directors of Brown Health. Annually, the Brown Health Compliance Officer shall review and report to the Brown Health Executive Corporate Compliance Committee and to the Brown Health Audit and Compliance Committee on the administration of this policy. Failure on the part of any designated person to comply with this policy, including failure to submit in a timely fashion the conflict of interest disclosure statement, will be grounds for removal from his/her position and/or termination of his/her employment with Brown Health. Form 990, Part VI, Section C, Line 19 Brown Health currently makes its annual and quarterly consolidated financial statements available to the public via DAC (Digital Assurance Certification, LLC), a disclosure dissemination agent for issuers of tax-exempt bonds which electronically posts and transmits Brown Health's financial information to repositories and investors alike. NHPM's financial statements are included in the audited combined financial statements of NHCC and Affiliates, which in turn are included in the audited consolidated financial statements of Brown University Health and Affiliates. In addition, copies of NHPM's Articles of Incorporation, Bylaws, and Conflict of Interest Policy are available upon request from the office of the Brown Health EVP/CFO, either in person or by mail. Form 990, Part XII, Line 2b While NHPM did not produce an audited financial statement as of and for the fiscal year ended September 30, 2025, it was included in NHCC and Affiliates' audited combined financial statements, in which one column is used for NHPM individually. The NHCC and Affiliates' audited combined financial statements are included in the Brown Health audited consolidated financial statements. The Brown Health Audit and Compliance Committee assumes responsibility for oversight of the audit of Brown Health's consolidated financial statements and the selection of Brown Health's independent accountant. Alternative Living Concepts Inc 15 LaSalle Square Providence RI 02903 050442015 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Bayberry Courts Inc 15 LaSalle Square Providence RI 02903 204590384 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Bradley Hospital Foundation 15 LaSalle Square Providence RI 02903 050500688 Philanthropic Activities RI 3 7 Brown University Health 0 Brown Health Medical Group 15 LaSalle Square Providence RI 02903 050389801 Physician Health Care Services RI 3 10 Brown University Health 0 Brown Health Medical Group of Massachusetts Inc 15 LaSalle Square Providence RI 02903 331237732 Physician Health Care Services MA 3 10 Brown University Health 0 Brown Health Medical Group Primary Care 15 LaSalle Square Providence RI 02903 844944884 Physician Health Care Services RI 3 10 Brown University Health 0 Brown University Health 15 LaSalle Square Providence RI 02903 222861978 Holding Company/Mgmnt Svcs RI 3 13 N/A 0 Brown University Health Foundation 15 LaSalle Square Providence RI 02903 050493219 Philanthropic Activities RI 3 7 Brown University Health 0 Brown University Health Massachusetts 15 LaSalle Square Providence RI 02903 043408517 Holding Company RI 3 13 Brown University Health 0 Capital City Community Centers Inc 15 LaSalle Square Providence RI 02903 050259090 Daycare Services RI 3 7 Gateway Healthcare Inc 0 Emma Pendleton Bradley Hospital 1011 Veterans Memorial Parkeay East Providence RI 02915 050258806 Pediatric Psychiatric Health Care Svcs. RI 3 3 Brown University Health 0 Families Reaching Into Each New Day Inc 15 LaSalle Square Providence RI 02903 050504841 Bereavement Services for Children RI 3 7 Gateway Healthcare Inc 0 Gateway Healthcare Inc 15 LaSalle Square Providence RI 02903 050309043 Subst. Abuse & Pysch. Health Care Svcs. RI 3 10 Brown University Health 0 Hospital Properties Inc 15 LaSalle Square Providence RI 02903 222869743 Property Management RI 4 Brown University Health 0 JM Apartments Inc 15 LaSalle Square Providence RI 02903 050435537 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 LJR Corporation 15 LaSalle Square Providence RI 02903 030508346 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Mill River Community Housing Corporation 15 LaSalle Square Providence RI 02903 050427152 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Morton Hospital 88 Washington Street Taunton MA 02780 994836263 Health Care Services MA 3 3 Brown University Health 0 Newport Health Care Corporation 11 Friendship Street Newport RI 02840 222535537 Holding Company/Mgmnt Svcs RI 3 7 Brown University Health 0 Newport Hospital 11 Friendship Street Newport RI 02840 050258914 Health Care Services RI 3 3 Brown University Health 0 Newport Hospital Foundation Inc 11 Friendship Street Newport RI 02840 222535533 Philanthropic Activities RI 3 7 Brown University Health 0 NHCC Medical Associates Inc 11 Friendship Street Newport RI 02840 050472268 Health Care Services RI 3 10 Brown University Health 0 Obed Apartments 15 LaSalle Square Providence RI 02903 050422771 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Pathways Inc 15 LaSalle Square Providence RI 02903 050393004 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Rhode Island Hospital 593 Eddy Street Providence RI 02903 050258954 Health Care Services RI 3 3 Brown University Health 0 Rhode Island Hospital Foundation 15 LaSalle Square Providence RI 02903 050468736 Philanthropic Activities RI 3 7 Brown University Health 0 RIH Ventures 593 Eddy Street Providence RI 02903 050448686 Parking Facilities/Phlebotomy Svcs RI 3 10 Brown University Health 0 Saint Annes Hospital 795 Middle Street Fall River MA 02721 994841947 Health Care Services MA 3 3 Brown University Health 0 Shore Courts 15 LaSalle Square Providence RI 02903 050504003 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 The Autism Project 1516 Atwood Avenue Johnston RI 02919 050512037 Services for Children with Autism RI 3 10 Gateway Healthcare Inc 0 The Bradley Schools 140 Broadway Providence RI 02903 464910847 Educational Services RI 3 2 Emma Pendleton Bradley Hospital 0 The Miriam Hospital 164 Summit Avenue Providence RI 02906 050258905 Health Care Services RI 3 3 Brown University Health 0 The Miriam Hospital Foundation 15 LaSalle Square Providence RI 02903 050377502 Philanthropic Activities RI 3 7 Brown University Health 0 TLR Realty 15 LaSalle Square Providence RI 02903 043742771 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Wentworth Corporation 15 LaSalle Square Providence RI 02903 050488520 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Westerly Courts Inc 15 LaSalle Square Providence RI 02903 611439766 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Brown University Health Alliance LLC 15 LaSalle Square Providence RI 02903 812732225 Accountable Care Organization RI N/A 0 0 Brown University Health MSO 15 LaSalle Square Providence RI 02903 050508717 Management Services RI Brown University Health C 0 0 0 0 Brown University Health Risk Services 15 LaSalle Square Providence RI 02903 050459767 Risk Management RI Brown University Health C 0 0 0 0 Brown University Health Home Medical 200 Corliss Street Providence RI 02904 050472710 DME Sales RI The Miriam Hospital C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0