2024-11-06T09:37:42-06:00 2023-12-31 PwC US Tax LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2023-01-01 843144648 TMC3 DEVELOPMENT CORPORATION % DENISE CASTILLO-RHODES TMC3 7137916104 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 770212040 DENISE CASTILLO-RHODES CFO 7137916104 2024-10-28 true true ERIC M MCNEIL P00460263 2673303000 2024-10-17 2023 2024-10-15 13:58:12Z WILLIAM MCKEON 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 770212040 2647341 false X N/A X 2019 TX SEE SCHEDULE O 6 5 0 0 0 0 0 0 0 1039928 622966 1597413 0 10000 622966 2647341 0 0 0 0 0 0 0 0 0 17953 4475992 17953 4475992 605013 -1828651 214630897 208436541 191494852 187129147 23136045 21307394 X SEE SCHEDULE O false false 3812248 0 1039928 SEE SCHEDULE O 3812248 true false false false false false false false false false true false false true false false true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 7 0 true 0 false false false false false false false false false false false false X 6 5 false false false false false false false true true false false true true true true true true true false TX X DENISE CASTILLO-RHODES 7137916104 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 770212040 WILLIAM MCKEON PRESIDENT/DIRECTOR 1.0 42.0 X X 0 2995396 66080 J DOWNEY BRIDGWATER DIRECTOR 1.0 3.0 X 0 0 0 DR BERNARD HARRIS CHAIRMAN/DIRECTOR 1.0 3.0 X X 0 0 0 CHARLES HALL SECRETARY/DIRECTOR 1.0 3.0 X X 0 0 0 ROBERT CRUIKSHANK TREASURER/DIRECTOR 1.0 1.0 X X 0 0 0 GREG MOORE VICE-CHAIRMAN/DIRECTOR 1.0 1.0 X 0 0 0 0 2995396 66080 0 false true false JT VAUGHN CONSTRUCTION LLC 10355 WESTPARK DRIVE HOUSTON TX 77042 GENERAL CONSTRUCTION 34847391 FACILITY INTERIORS INC 6100 W PLANO PARKWAY 700 PLANO TX 75093 INTERIOR SOLUTIONS 1855942 TRANSWESTERN COMMERCIAL SERVICES L 11720 KATY FREEWAY SUITE 400 HOUSTON TX 77079 REAL ESTATE DEVELOP. 1757675 ELKUS MANFREDI ARCHITECTS LTD 25 DRYDOCK AVENUE BOSTON MA 02210 ARCHITECTURAL SERV. 1475580 PENNINGTON ASSOC COMMISSIONING L 17903 LAKE LEON CT CYPRESS TX 77433 COMMISSIONING SERV. 497500 10 0 FOUNDING INSTITUTIONS LEASES 531120 1039928 1039928 1039928 1597413 0 0 1597413 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 10000 10000 10000 2647341 1039928 0 1607413 0 0 0 0 0 0 0 0 0 0 604469 604469 94408 47204 47204 93495 93495 0 0 1500 1500 0 958050 439090 518960 135656 135628 28 82005 79448 2557 0 126659 126659 0 0 0 154592 154592 0 2132121 2132121 0 HELIXPR ASSESSMENT 93037 93037 0 0 4475992 3812248 663744 0 0 163610 0 0 0 0 610947 7466968 0 0 0 0 0 0 0 0 0 0 179598732 2114123 152409970 177484609 0 0 0 0 0 0 0 0 61609980 23321354 214630897 208436541 13499726 9046964 0 0 147456795 148341400 0 0 0 0 0 0 30522785 29740783 0 0 15546 0 191494852 187129147 X 23136045 21307394 0 0 23136045 21307394 214630897 208436541 -1828651 X false true X true false X X X 1 TEXAS MEDICAL CENTER 741030788 10 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false 22546308 22546308 147309914 1607712 145702202 0 0 0 9244258 499379 8744879 498252 7032 491220 177484609 ASSETS REST. - BOND INDENTURE 21643378 DEBT PROCEEDS FUND 18886 OTHER ASSETS 1659090 23321354 2645841 2645841 1500 1500 2647341 4474492 4474492 1500 1500 4475992 X X X X X false false false false false false false false false WILLIAM MCKEON PRESIDENT/DIRECTOR 0 1938740 0 776600 0 280056 0 33000 0 33080 0 3061476 0 0 MISSION STATEMENT & PROGRAM SERVICES FORM 990, PART I, LINE 1 & PART III, LINES 1 & 4A TMC3 DEVELOPMENT CORPORATION IS ORGANIZED AND WILL OPERATE EXCLUSIVELY TO SUPPORT THE TEXAS MEDICAL CETNER, A TEXAS NONPROFIT CORPORATION, BY FACILITATING THE DEVELOPMENT AND FINANCING OF PROJECTS AND FACILITIES AND PERFORMING SUCH OTHER FUNCTIONS AS MAY BE NECESSARY OR APPROPRIATE TO FULFILL THE PURPOSES OF TMC3 DEVELOPMENT CORPORATION. TEXAS MEDICAL CENTER WAS ORGANIZED AND IS OPERATED TO FACILITATE PATIENT CARE, MEDICAL RESEARCH AND MEDICAL EDUCATION IN THE LARGEST MEDICAL COMPLEX IN THE WORLD, THE TEXAS MEDICAL CENTER LOCATED IN HOUSTON, TEXAS. AMONG TMC'S ACTIVITIES IS ADVANCING LIFE SCIENCES BY NURTURING CROSS-INSTITUTIONAL COLLABORATION, CREATIVITY AND INNOVATION. A KEY COMPONENT OF THIS ACTIVITY IS DEVELOPMENT OF THE TMC3 COLLABORATIVE CAMPUS ("TMC3"). IN 2014, TMC BROUGHT TOGETHER LEADERS OF ITS MEMBER INSTITUTIONS AND THE COMMUNITY TO CREATE A CAMPUS-WIDE, STRATEGIC PLAN. THE GOAL WAS TO IDENTIFY KEY AREAS FOR COLLABORATION AMONG MEMBER INSTITUTIONS TO ESTABLISH TMC AS A CENTER FOR LIFE SCIENCES. AROUND THE SAME TIME, FOUR OF THE LARGEST MEMBER INSTITUTIONS APPROACHED TMC ABOUT PURCHASING LAND FOR ADDITIONAL LABORATORY SPACE. FROM THIS EFFORT CAME TMC3, A PROJECT THAT WILL ADVANCE LIFE SCIENCES AND ACCELERATE RESEARCH DISCOVERIES TO IMPROVE HUMAN HEALTH THROUGHOUT THE WORLD. TMC3 WILL UNITE THE BRIGHTEST MINDS IN LIFE SCIENCES IN ONE PLACE FOR ONE PURPOSE-TO TRANSLATE FUNDAMENTAL DISCOVERIES INTO SOLUTIONS TO IMPROVE AND ADVANCE HUMAN HEALTH. TMC3 FOUNDING INSTITUTIONS (THE "FOUNDING INSTITUTIONS") ARE TMC, TEXAS A&M UNIVERSITY HEALTH SCIENCE CENTER, THE UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER HOUSTON AND THE UNIVERSITY OF TEXAS M.D. ANDERSON CANCER CENTER. TMC3 DEVELOPMENT CORPORATION WAS ORGANIZED AND WILL OPERATE TO FACILITATE TMC'S ROLE AS LEAD PARTY IN THE DEVELOPMENT AND FINANCING OF TMC3. SPECIFICALLY, IT WILL LEASE FROM TMC THE LAND ON WHICH TMC3 WILL BE LOCATED. IT WILL ENTER INTO SUBLEASE AGREEMENTS WITH THE FOUNDING INSTITUTIONS AND OTHER OCCUPANTS OF TMC3, THEREBY FACILITATING THE DEVELOPMENT AND FINANCING OF TMC3. FORM 990, PART VI, GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION A, LINE 11 - 990 REVIEW PROCESS THE PREPARER REVIEWS THE FORM 990 WITH THE CFO. THE FORM 990 IS DISTRIBUTED TO AND REVIEWED BY THE AUDIT COMMITTEE. THE FINAL 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR TO FILING. SECTION B, LINE 12C - CONFLICT OF INTEREST COMPLIANCE CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY BY THE BOARD OF DIRECTORS, OFFICERS AND KEY EMPLOYEES. THE STATEMENTS ARE REVIEWED BY THE LEGAL DEPARTMENT. IF A CONFLICT WERE TO ARISE, THE BOARD MEMBER WOULD BE REQUIRED TO DISMISS HIMSELF/HERSELF FROM ANY DISCUSSIONS OR DECISIONS REGARDING THE AREA OF CONFLICT. SECTION B, LINE 15 - COMPENSATION APPROVAL THE TMC BOARD OF DIRECTOR'S MEETS ANNUALLY AS PART OF THE PRESIDENT'S ANNUAL REVIEW AND COMPENSATION. THE BOARD REVIEWS THE PERFORMANCE OF THE COMPANY AND THE PRESIDENT'S PERFORMANCE TO DECIDE COMPENSATION. DURING THIS PROCESS, THE BOARD ALSO RECEIVES PERFORMANCE REVIEW AND COMPENSATION INFORMATION ON EACH MEMBER OF THE EXECUTIVE LEADERSHIP TEAM. SECTION B, LINE 19 - PUBLIC DISCLOSURE OF GOVERNING DOCUMENTS TMC3 DEVELOPMENT CORPORATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. TEXAS MEDICAL CENTER 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 741030788 SUPPORT TX 501(C)(3) 10 NA false TEXAS MEDICAL CENTER FOUNDATION 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 472836992 SUPPORT TMC TX 501(C)(3) 12A TYPE 1 TMC false TEXAS MEDICAL CENTER VENTURE FUND 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 823136541 SUPPORT TMC TX 501(C)(3) 12A TYPE 1 TMC false false false false false false false false false false false false false false false true false true false true