Nonprofit · EIN 94-6062821
CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC
Tax-exempt · SACRAMENTO, CA 95814
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,988,130 | $10,990,860 | -$7,002,730 | $21,860,428 | $15,396,370 | $6,464,058 |
| December 31, 2023 | 990 | $2,197,193 | $2,934,571 | -$737,378 | $22,517,466 | $16,053,408 | $6,464,058 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $3,859,002
- Net gain from sales of assets
- $2,450,313
- Other revenue
- $129,128
Expenses
- Grants and similar amounts paid
- $10,671,650
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,025
Balance sheet and other
- Total assets, start of year
- $22,517,466
- Total assets, end of year
- $21,860,428
- Total liabilities, end of year
- $15,396,370
- Net assets, end of year
- $6,464,058
- Publicly traded securities
- $20,213,031
- Net assets without donor restrictions
- $6,364,058
- Net assets with donor restrictions
- $100,000
- Gross receipts
- $16,802,456
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1930
- State of legal domicile
- CA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dustin E Corcoran | Secretary-Treasurer Trustee or director, Officer | 2 | $0 | $1,484,137 | $105,566 |
| Jamie Ostroff | Chief Legal Officer and General Counsel Officer | 1 | $0 | $724,851 | $47,521 |
| Lance R Lewis | Chief Financial Officer Officer | 2 | $0 | $633,954 | $101,619 |
| Michelle Chapanian | Assistant Secretary-Treasurer Key employee | 1 | $0 | $216,843 | $51,895 |
| Tatiana W Spirtos MD | Immediate Past President Trustee or director, Officer | 1 | $0 | $136,570 | $0 |
| Shannon Udovic Constant MD | President Trustee or director, Officer | 1 | $0 | $115,917 | $0 |
| Donaldo Hernandez MD | Immediate Past President through Oct 2024 Trustee or director, Officer | 1 | $0 | $75,567 | $0 |
| Sergio R Flores MD | Chair, Board of Trustees Trustee or director, Officer | 1 | $0 | $57,400 | $0 |
| George Fouras MD | Vice Speaker, House of Delegates Trustee or director, Officer | 1 | $0 | $57,300 | $0 |
| Eric Hansen DO | Vice-Chair, Board of Trustees Trustee or director, Officer | 1 | $0 | $41,700 | $0 |
| Rene Bravo MD | President-Elect Trustee or director, Officer | 1 | $0 | $17,745 | $0 |
| Jack Chou MD | Vice Speaker, House of Delegates thru Oct 2024 Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dustin E Corcoran | Chief Executive Officer Officer | 2 | $0 | $1,227,159 | $112,049 |
| Jamie Ostroff | Chief Legal Officer and General Counsel Officer | 1 | $0 | $696,128 | $56,442 |
| Lance R Lewis | Chief Operating Officer Officer | 2 | $0 | $602,591 | $119,549 |
| Donaldo Hernandez MD | Immediate Past President through Oct 2024 Trustee or director, Officer | 1 | $0 | $147,858 | $0 |
| Tanya W Spirtos MD | President Trustee or director, Officer | 1 | $0 | $98,659 | $0 |
| Robert E Wailes MD | Immediate Past President through Oct 2023 Trustee or director, Officer | 1 | $0 | $69,964 | $0 |
| Shannon Udovic Constant MD | President -Elect Trustee or director, Officer | 1 | $0 | $59,537 | $0 |
| Sergio R Flores MD | Chair, Board of Trustees Trustee or director, Officer | 1 | $0 | $50,724 | $0 |
| Lawrence C Cheung MD | Vice Speaker House of Del. through Oct 2023 Trustee or director, Officer | 1 | $0 | $21,050 | $0 |
| George Fouras MD | Vice Speaker House of Del. through Oct 2024 Trustee or director, Officer | 1 | $0 | $4,545 | $0 |
| Eric Hansen DO | Vice-Chair Board of Trustees Trustee or director, Officer | 1 | $0 | $3,409 | $0 |
| Jack Chou MD | Vice Speaker, House of Delegates Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1201 K ST STE 800, SACRAMENTO, CA 95814-3933
- Principal officer (990 for 2024)
- Lance R Lewis, 1201 K Street, Suite 800, Sacramento, CA 95814
- Signed the 990
- Lance R Lewis, Chief Financial Officer
- Phone
- (916) 444-5532
California records
California keeps its own records of charities and corporations. Search them by EIN 94-6062821 or by the name CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
The California Medical Association Properties, Inc. is a non-profit corporation whose principal function is to hold and invest funds on behalf of the California Medical Association, Inc. under the provision of IRS 501(c)(2).
Program accomplishments
- In 2024, CMA Properties provided general funds to the California Medical Association, a not-for-profit related organization, for the purpose of supporting programs and services offered by CMA to its members.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-6062821
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1932
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $21,860,428
- Income (IRS master file)
- $16,802,456
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,988,130 | $10,990,860 | $21,860,428 | IRS |
| 990 | December 2023 | $2,197,193 | $2,934,571 | $22,517,466 | XML |
| 990 | December 2022 | $7,007,562 | $2,939,937 | $21,481,310 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 94-6062821).
Questions about CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC
- What is the EIN of CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC?
- The employer identification number (EIN) of CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC is 94-6062821.
- Is CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1932.
- Are donations to CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC 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 CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC?
- The 990 for the year ended December 31, 2024 names Lance R Lewis.
- Who are the officers and directors of CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,988,130, expenses of $10,990,860 and total assets of $21,860,428 at year end.
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