Nonprofit · EIN 22-2440273
MAIN LINE REALTY CORPORATION
Tax-exempt · RADNOR, PA 19087
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $24,483,175 | $13,116,831 | $11,366,344 | $68,680,365 | $9,838,205 | $58,842,160 |
| June 30, 2024 | 990 | $15,927,738 | $7,294,304 | $8,633,434 | $69,111,482 | $9,441,390 | $59,670,092 |
| June 30, 2023 | 990 | $14,385,740 | $6,804,520 | $7,581,220 | $80,511,193 | $9,165,382 | $71,345,811 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $13,855,278
- Investment income
- $10,626,716
- Net gain from sales of assets
- $15,181
- Other revenue
- $1,181
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $4,736,497
- Salaries, compensation and benefits (total)
- $5,338,478
- Professional fundraising fees
- $0
- Legal fees
- $483,903
- Accounting fees
- $23,010
- Occupancy
- $2,174,433
- Travel
- $7,138
- Depreciation
- $1,072,323
- Program services (functional)
- $12,854,689
- Management and general (functional)
- $262,142
Balance sheet and other
- Total assets, start of year
- $69,111,482
- Total assets, end of year
- $68,680,365
- Total liabilities, end of year
- $9,838,205
- Net assets, end of year
- $58,842,160
- Land, buildings and equipment
- $11,090,140
- Publicly traded securities
- $37,270,322
- Net assets without donor restrictions
- $58,842,160
- Gross receipts
- $24,477,825
- Employees
- 0
- Volunteers
- 1
- Year formed
- 1983
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN J LYNCH III | PRESIDENT/EX-OFFICIO TRUSTEE Trustee or director, Officer | 1 | $0 | $2,611,084 | $691,538 |
| Barbara Wadsworth | EVP & COO Officer | 1 | $0 | $1,153,412 | $238,470 |
| Leigh Ehrlich | EVP/Treas/TTEE Trustee or director, Officer | 1 | $0 | $913,866 | $216,067 |
| BRIAN T CORBETT ESQ | SVP, SECRETARY(Until OCT 2024) Officer | 1 | $0 | $890,361 | $37,268 |
| Della Payne | SVP, GEN COUNSEL/SECRETARY Trustee or director | 1 | $0 | $414,348 | $101,748 |
| MICHAEL J BUONGIORNO | FORMER EVP, TREASURER AND TTEE Former | 0 | $0 | $170,703 | $8,535 |
| EILEEN CARR | ASSISTANT SECRETARY Officer | 1 | $0 | $137,713 | $29,043 |
| STEVEN HIGGINS | CHAIRMAN/TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN J LYNCH III | PRESIDENT/EX-OFFICIO TRUSTEE Trustee or director, Officer | 1 | $0 | $2,587,326 | $418,770 |
| MICHAEL J BUONGIORNO | EVP/TREAS/TTEE(Until Dec 2023) Trustee or director, Officer | 1 | $0 | $1,210,877 | $43,357 |
| BRIAN T CORBETT ESQ | SVP, GEN COUNSEL/SECRETARY Officer | 1 | $0 | $836,290 | $126,392 |
| EILEEN CARR | ASSISTANT SECRETARY Officer | 1 | $0 | $133,562 | $29,098 |
| Leigh Ehrlich | EVP/Treas/TTEE(Start Dec 2023) Trustee or director, Officer | 1 | $0 | $43,261 | $23,644 |
| STEVEN HIGGINS | CHAIRMAN/TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN J LYNCH III | PRESIDENT/EX-OFFICIO TRUSTEE Trustee or director, Officer | 1 | $0 | $2,005,175 | $597,253 |
| MICHAEL J BUONGIORNO | EVP-FINANCE/TREASURER/TRUSTEE Trustee or director, Officer | 1 | $0 | $949,105 | $161,630 |
| BRIAN T CORBETT ESQ | SR. VP, GEN COUNSEL/SECRETARY Officer | 1 | $0 | $720,653 | $150,998 |
| EILEEN CARR | ASSISTANT SECRETARY Officer | 1 | $0 | $130,017 | $27,551 |
| STEVEN HIGGINS | CHAIRMAN/TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 240 N RADNOR CHESTER RD SUITE 170, RADNOR, PA 19087-5170
- In care of
- % CURT WHITESIDE
- Principal officer (990 for 2024)
- LEIGH EHRLICH, 240 N RADNOR CHESTER ROAD, RADNOR, PA 19087
- Signed the 990
- LEIGH EHRLICH, EVP/TREASURER
- Phone
- (484) 580-4453
- Website
- WWW.MAINLINEHEALTH.ORG
- Return prepared by
- PwC US Tax LLP
Mission
MAIN LINE REALTY CORPORATION INVESTS IN AND MANAGES REAL ESTATE PROPERTY, PRINCIPALLY MEDICAL OFFICE BUILDINGS, FOR THE BENEFIT OF THE MAIN LINE HEALTH SYSTEM, IN PARTICULAR ITS HOSPITALS. MAIN LINE REALTY CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO ASSIST AND SUPPORT MAIN LINE HEALTH WITH THESE FUNCTIONS.
Program accomplishments
- MAIN LINE REALTY CORPORATION'S PRINCIPAL PURPOSE IS TO MANAGE HOSPITAL OWNED MEDICAL OFFICE BUILDINGS THAT PATIENTS CAN ACCESS FOR OUTPATIENT CARE FROM PHYSICIANS ON THE MAIN LINE HOSPITALS, INC. AND RIDDLE MEMORIAL HOSPITAL CAMPUSES. SERVICES PROVIDED INCLUDE ASSET MANAGEMENT AND ACCOUNTING SERVICES, AS WELL AS MANAGING THE EXPENSES INCURRED TO OPERATE THE BUILDINGS, INCLUDING UTILITIES, REPAIRS, REAL ESTATE TAXES, LIABILITY INSURANCE AND OTHER MEDICAL OFFICE BUILDING EXPENSES.Expenses $909,125 · revenue $1,476,322
- MAIN LINE REALTY CORPORATION HAS PURCHASED PARTNERSHIP INTEREST IN BMHR ASSOCIATES. SPECIFICALLY, MAIN LINE REALTY CORPORATION HAS AN 86.28% PARTNERSHIP INTEREST IN BMHR ASSOCIATES. MAIN LINE REALTY CORPORATION INCURS AND PAYS LEASE EXPENSES on its pro rata share of ownership AS WELL AS RELATED BUILDING COSTS ASSOCIATED WITH THE OPERATION OF THIS MEDICAL OFFICE BUILDING.Expenses $587,126 · revenue $789,587
- MAIN LINE REALTY CORPORATION owns a 51% interest in MAIN LINE HEALTH IMAGING LP, AN ORGANIZATION THAT PROVIDES MAGNETIC RESONANCE IMAGING AND PET CT SERVICES AT THE MAIN LINE HEALTH HOSPITALS, AS WELL AS VARIOUS OUTPATIENT HEALTH CENTERS. MAIN LINE REALTY CORPORATION also owns 100% of MAIN LINE HEALTH WELLNESS, LLC. WHICH CATERS TO THE DIVERSE NEEDS OF A DECONDITIONED OR MEDICALLY COMPROMISED POPULATION, AS WELL AS THOSE MEMBERS OF THE COMMUNITY WHO ARE FOCUSED ON MAINTAINING and improving THEIR HEALTH. MAIN LINE REALTY CORPORATION ALSO OWNS 100% OF PAOLI SURGERY CENTER, LLC effective September 2024.Expenses $11,358,438 · revenue $11,586,847
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2440273
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1983
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E210)
- Assets (IRS master file)
- $68,680,365
- Income (IRS master file)
- $24,477,825
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $24,483,175 | $13,116,831 | $68,680,365 | IRS |
| 990 | June 2024 | $15,927,738 | $7,294,304 | $69,111,482 | IRS |
| 990 | June 2023 | $14,385,740 | $6,804,520 | $80,511,193 | XML |
| 990 | June 2022 | $13,488,538 | $6,388,104 | $73,866,993 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2440273).
Questions about MAIN LINE REALTY CORPORATION
- What is the EIN of MAIN LINE REALTY CORPORATION?
- The employer identification number (EIN) of MAIN LINE REALTY CORPORATION is 22-2440273.
- Is MAIN LINE REALTY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to MAIN LINE REALTY CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MAIN LINE REALTY CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAIN LINE REALTY CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAIN LINE REALTY CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MAIN LINE REALTY CORPORATION?
- The 990 for the year ended June 30, 2025 names LEIGH EHRLICH.
- Who are the officers and directors of MAIN LINE REALTY CORPORATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does MAIN LINE REALTY CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $24,483,175, expenses of $13,116,831 and total assets of $68,680,365 at year end.
Other nonprofits in RADNOR
- MAIN LINE HOSPITALS INC EIN 23-1352160 · last filed 990 for 2025
- MAIN LINE HEALTHCARE EIN 23-2359401 · last filed 990 for 2025
- RIDDLE MEMORIAL HOSPITAL EIN 23-1529076 · last filed 990 for 2025
- MAIN LINE HEALTH SYSTEM EIN 23-2814503 · last filed 990 for 2025
- MAIN LINE HEALTH INC EXTERNAL REPORTING EIN 23-2331531 · last filed 990 for 2025
- HELPHOPELIVE INC EIN 52-1322317 · last filed 990 for 2025
- RIDDLE HEALTH CARE SERVICES EIN 22-2606545 · last filed 990 for 2025
- MAIN LINE AFFILIATES EIN 23-2308668 · last filed 990 for 2025