NonprofitsMain Line Realty Corporation

Health Care

Main Line Realty Corporation

RADNOR, PA

Total revenue

$15.9M

Total expenses

$7.3M

Net assets

$59.7M

Grants received

EIN

222440273

Tax year

2023

Mission

Invest and manage real estate property for the benefit of the main line health system and to assist and support main line health system with these functions.

Programs

2 programs

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: $575K

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. Other joint ventures include: paoli surgery center, lp and rmh health care center associates, lp.

Expenses: $5.5M

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$7.6M
Investment income$8.3M
Other revenue$154
Total revenue$15.9M

Expenses

Grants paid
Salaries & benefits$2.8M
Fundraising
Other expenses$4.5M
Total expenses$7.3M
Total assets$69.1M
Net assets$59.7M

People

6 listed

NameRoleCompensation

JOHN J LYNCH III

PRESIDENT/EX-OFFICIO TRUSTEE

Board

1 hrs/wk

MICHAEL J BUONGIORNO

EVP/TREAS/TTEE(Until Dec 2023)

Board

1 hrs/wk

BRIAN T CORBETT ESQ

SVP, GEN COUNSEL/SECRETARY

Board

1 hrs/wk

EILEEN CARR

ASSISTANT SECRETARY

Board

1 hrs/wk

Leigh Ehrlich

EVP/Treas/TTEE(Start Dec 2023)

Board

1 hrs/wk

STEVEN HIGGINS

CHAIRMAN/TRUSTEE

Board

1 hrs/wk

Independent contractors

NONE

Details

EIN222440273
NTEE codeE210
Subsection03
Ruling date1983-04
Formed1983
Employees0
Volunteers1
MAIN LINE REALTY CORPORATION — Mission, Financials & Grants Received | Grantivo