HSS Properties Corporation

EIN: 133246249 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$79,673,467
Total Expenses
$71,247,486
Total Assets
$588,142,766
Net Assets
$128,178,454
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NY
Principal Officer
Bryan T Kelly
Phone
2126061000
Tax Period
2024-01-01 to 2024-12-31

HSS Properties Corporation, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $79.7M in total revenue in fiscal year 2024. Expenses of $71.2M left a modest 11% surplus.

Mission

ACQUIRE, HOLD AND OPERATE CERTAIN REAL ESTATE TO BE USED BY ITS TAX-EXEMPT AFFILIATED ENTITY, THE HOSPITAL FOR SPECIAL SURGERY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $73,699,593
Investment Income $5,826,637
Other Revenue $147,237
TOTAL REVENUE $79,673,467

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,239,051
Fundraising Expenses $0
Program Expenses $70,360,426
Other Expenses $70,008,435
TOTAL EXPENSES $71,247,486

Year-over-Year Comparison

2024 2023 Change
Revenue $79,673,467 $74,138,007 +0.1%
Expenses $71,247,486 $68,061,215 +0.0%
Net Income $8,425,981 $6,076,792 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
49
Independent Members
45
Employees
6
Volunteers
48

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$9,713,803
Total Directors
49
$6,842,080
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bryan T Kelly President & CEO 3.0
Officer Director
$261,482 $99,967 $5,329,589
Louis A Shapiro-THRU 2023 Former President & CEO 0.0
$0 $0 $3,428,637
Stacey L Malakoff EVP & Chief Financial Officer 7.2
Officer
$344,651 $92,723 $2,964,817
Irene Koch EVP & Chief Legal Officer 6.0
Officer
$137,291 $46,496 $1,419,397
Stavros Memtsoudis-Join 2024 Member/Anesthesiologist 0.2
Director
$0 $82,270 $672,928
Andy Miller Member/Attending Physician 0.2
Director
$0 $35,230 $590,717
Andrew A Sama Member/Attending Physician 0.2
Director
$0 $85,313 $248,846
Patty Baker Member-Joined BOT 2024 0.04
Director
$0 $0 $0
Daniel C Benton Member 0.13
Director
$0 $0 $0
Herbert Black Member 0.06
Director
$0 $0 $0
Michael C Brooks Member 0.09
Director
$0 $0 $0
Kathryn Chenault Member 0.07
Director
$0 $0 $0
Charles Coleman III Member 0.08
Director
$0 $0 $0
Leslie Cornfeld Member 0.1
Director
$0 $0 $0
Cynthia Foster Curry Member 0.09
Director
$0 $0 $0
Anthony de Nicola Member 0.09
Director
$0 $0 $0
James G Dinan Member 0.1
Director
$0 $0 $0
Anne Ehrenkranz Member 0.1
Director
$0 $0 $0
Michael Esposito Vice Chair 0.2
Officer Director
$0 $0 $0
Wayne AI Frederick Member 0.08
Director
$0 $0 $0
Marina Kellen French Member 0.09
Director
$0 $0 $0
Giammaria Giuliani Member 0.11
Director
$0 $0 $0
Robert Goldstein Member 0.07
Director
$0 $0 $0
Warren B Kanders Member 0.08
Director
$0 $0 $0
Scott Kapnick Member 0.1
Director
$0 $0 $0
Monica Keany Vice Chair 0.34
Officer Director
$0 $0 $0
Sacha Lainovic Member 0.16
Director
$0 $0 $0
Richard Landgarten Member-Join BOT 2024 0.01
Director
$0 $0 $0
Laurie Hodges Lapeyre Vice Chair 0.33
Officer Director
$0 $0 $0
Pablo Legorreta Member 0.05
Director
$0 $0 $0
Lara R Lerner Member 0.14
Director
$0 $0 $0
Kathy Leventhal Member 0.09
Director
$0 $0 $0
Thomas H Lister Co-Chair 1.06
Officer Director
$0 $0 $0
Patrice Louvet Member 0.08
Director
$0 $0 $0
Alan S MacDonald Member 0.02
Director
$0 $0 $0
Celene Menschel Member 0.09
Director
$0 $0 $0
Sarah E Nash Member 0.06
Director
$0 $0 $0
Mary Kathryn Navab Member 0.11
Director
$0 $0 $0
Terence M O'Toole Vice Chair 0.25
Officer Director
$0 $0 $0
Matthew H Peltz Member 0.05
Director
$0 $0 $0
Steven Rattner Member 0.08
Director
$0 $0 $0
Scott Rechler Member 0.13
Director
$0 $0 $0
Edward Skyler Member 0.07
Director
$0 $0 $0
Nicholas Somers Member-Join BOT 2024 0.02
Director
$0 $0 $0
Jonathan Sobel Member 0.11
Director
$0 $0 $0
Deirdre Stanley Member 0.08
Director
$0 $0 $0
Robert K Steel Co-Chair 0.78
Officer Director
$0 $0 $0
Jonathan Tisch Member 0.09
Director
$0 $0 $0
Frances Townsend Member 0.06
Director
$0 $0 $0
Robin Vince Member 0.06
Director
$0 $0 $0
Jeffrey Wilpon Member 0.11
Director
$0 $0 $0
Ellen M Wright Member 0.11
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $79,673,467 $71,247,486 $588,142,766 $8,425,981
2023 $74,138,007 $68,061,215 $596,935,503 $6,076,792
2022 $68,422,892 $63,871,607 $559,032,760 $4,551,285
2021 $72,958,189 $67,321,443 $595,585,404 $5,636,746
2020 $73,388,574 $66,877,335 $605,667,862 $6,511,239
2019 $71,754,457 $63,610,598 $611,642,140 $8,143,859
2018 $66,488,633 $58,284,045 $166,305,619 $8,204,588
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