Nonprofit · EIN 85-0414352
PRESBYTERIAN PROPERTIES INC
Tax-exempt · ALBUQUERQUE, NM 87125
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,623,571 | $3,761,527 | $862,044 | $93,763,615 | $65,178,777 | $28,584,838 |
| December 31, 2023 | 990 | $4,295,857 | $4,430,476 | -$134,619 | $96,864,010 | $69,141,216 | $27,722,794 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,623,571
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $2,856,227
- Depreciation
- $3,562,537
Balance sheet and other
- Total assets, start of year
- $96,864,010
- Total assets, end of year
- $93,763,615
- Total liabilities, end of year
- $65,178,777
- Net assets, end of year
- $28,584,838
- Land, buildings and equipment
- $78,542,640
- Net assets without donor restrictions
- $28,584,838
- Gross receipts
- $4,623,571
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1993
- State of legal domicile
- NM
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 |
|---|---|---|---|---|---|
| James Noble | VP / Director Trustee or director, Officer | 1 | $0 | $2,171,622 | $150,132 |
| Ryan Burt | VP / Director Trustee or director, Officer | 1 | $0 | $1,772,034 | $112,587 |
| Timothy Johnsen | VP / Director Trustee or director, Officer | 1 | $0 | $1,385,599 | $115,960 |
| Lauren M Cates | President / Director Trustee or director, Officer | 1 | $0 | $1,308,015 | $137,828 |
| Eric Cornish | VP / Director Trustee or director, Officer | 1 | $0 | $319,047 | $30,463 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dale Maxwell | President / Director Trustee or director, Officer | 1 | $0 | $4,120,680 | $398,878 |
| James Noble | VP / Director Trustee or director, Officer | 1 | $0 | $1,489,096 | $129,234 |
| Ryan Burt | VP / Director Trustee or director, Officer | 1 | $0 | $1,301,119 | $103,133 |
| Timothy Johnsen | VP / Director Trustee or director, Officer | 1 | $0 | $1,120,489 | $110,339 |
| Lauren M Cates | Director (Effective: 12/8/2023) Trustee or director | 1 | $0 | $852,419 | $75,986 |
| Eric Cornish | VP / Director Trustee or director, Officer | 1 | $0 | $327,588 | $41,086 |
| Donna Garcia | Former VP / Director Former | 0 | $0 | $156,353 | $10,458 |
Address and contacts
- Address (IRS master file)
- PO BOX 26666, ALBUQUERQUE, NM 87125-6666
- Principal officer (990 for 2024)
- RISHI SIKKA MD, PO BOX 26666, ALBUQUERQUE, NM 871256666
- Signed the 990
- RISHI SIKKA MD, PRESIDENT
- Phone
- (505) 923-6101
- Website
- WWW.PHS.ORG
Mission
SUPPORT OF PRESBYTERIAN HEALTHCARE SERVICES, A SECTION 501(C)(3) ORGANIZATION.
Program accomplishments
- RENTAL INCOME DERIVED FROM THE RENTAL OF MEDICAL OFFICE BUILDINGS AND OTHER REAL ESTATE TO ENHANCE ACCESS TO HOSPITAL FACILITIES AND TO BENEFIT THE PARENT ORGANIZATION, PRESBYTERIAN HEALTHCARE SERVICES, A 501(C)(3) ORGANIZATION.Expenses $3,761,527 · revenue $4,623,571
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
- 85-0414352
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $93,763,615
- Income (IRS master file)
- $4,623,571
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,623,571 | $3,761,527 | $93,763,615 | XML |
| 990 | December 2023 | $4,295,857 | $4,430,476 | $96,864,010 | XML |
| 990 | December 2022 | $3,778,110 | $3,430,886 | $94,776,097 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 85-0414352).
Questions about PRESBYTERIAN PROPERTIES INC
- What is the EIN of PRESBYTERIAN PROPERTIES INC?
- The employer identification number (EIN) of PRESBYTERIAN PROPERTIES INC is 85-0414352.
- Is PRESBYTERIAN PROPERTIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1993.
- Are donations to PRESBYTERIAN PROPERTIES INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PRESBYTERIAN 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 PRESBYTERIAN 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 PRESBYTERIAN 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 PRESBYTERIAN PROPERTIES INC?
- The 990 for the year ended December 31, 2024 names RISHI SIKKA MD.
- Who are the officers and directors of PRESBYTERIAN PROPERTIES INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does PRESBYTERIAN PROPERTIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,623,571, expenses of $3,761,527 and total assets of $93,763,615 at year end.
Other nonprofits in ALBUQUERQUE
- PRESBYTERIAN HEALTHCARE SERVICES EIN 85-0105601 · last filed 990 for 2024
- TRICORE LABORATORY SERVICES CORPORATION EIN 20-1358178 · last filed 990 for 2024
- ROADRUNNER FOOD BANK INC EIN 85-0278525 · last filed 990 for 2025
- UNIVERSITY OF NEW MEXICO FOUNDATION INCORPORATED EIN 85-0275408 · last filed 990 for 2025
- LOVELACE BIOMEDICAL RESEARCH INSTITUTE EIN 85-0110669 · last filed 990 for 2025
- TRICORE INC EIN 84-3909066 · last filed 990 for 2024
- CREDIT UNIONS IN THE STATE OF NEW MEXICO EIN 85-0102571 · last filed 990 for 2024
- HOSANNA EIN 85-0223225 · last filed 990 for 2026