Organizations Filed Purposes:
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.
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.
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. 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.
MAIN LINE REALTY CORPORATION HAS PURCHASED PARTNERSHIP INTEREST IN BMHR ASSOCIATES. SPECIFICALLY, MAIN LINE REALTY CORPORATION HAS AN 86.28% PARTNERSHIP INTEREST OF 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 MOB.
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, MAIN LINE REAL ESTATE, LP, AND RMH HEALTH CARE CENTER ASSOCIATES, LP.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Elizabeth J Balderston | CHAIRMAN/TRUSTEE | 1 | $0 |
| Eileen Carr | ASSISTANT SECRETARY | 1 | $0 |
| Brian T Corbett Esq | SR. VP, GEN COUNSEL/SECRETARY | 1 | $0 |
| Michael J Buongiorno | EVP-FINANCE/TREASURER/TRUSTEE | 1 | $0 |
| John J Lynch Iii | PRESIDENT/EX-OFFICIO TRUSTEE | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202121339349305352_public.xml