Private company

NorthStar Healthcare Income, Inc.

American real estate investment trust, incorporated in Maryland.

Last updated Oct 18, 2026.

Overview

IndustryReal Estate Investment Trusts
HeadquartersMD
Incorporated inMD²
Business address575 Lexington Avenue 14Th St, 14Th Floor, New York, Ny 10022²
Filer categoryNon-accelerated filer²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

33.3%Gross margin³

47.2%Net margin³

0.8%Revenue growth, 2024³

42.2%Return on equity³

3.71×Debt to equity³

Where the money goes

Where each dollar of revenue went, fiscal 2024

Cost of revenueProfit

Cost of revenue59¢$137.8M
Income tax0¢$82.0K
Profit41¢$97.6M

Out of $206.7M in revenue.³

Where each dollar of operating cash went, fiscal 2024

Kept or used elsewhere

Kept or used elsewhere100¢$24.0M

Out of $24.0M of cash from operations.³

Financial statements

Revenue⁴⁵⁶⁷³$206.7M in 2024−30% since 2018

Gross profit⁷³$68.9M in 2024+5% since 2021

Net income⁴⁵⁶⁷³$97.6M in 2024

Fiscal year	2018	2019	2020	2021	2022	2023	2024
Revenue	$294.3M⁴	$293.2M⁵	$275.3M⁶	$243.3M⁷	$185.1M³	$205.0M³	$206.7M³
Cost of revenue	$188.8M⁴	$181.2M⁵	$184.2M⁶	$177.9M⁷	$137.6M³	$140.6M³	$137.8M³
Gross profit				$65.3M⁷	$47.6M³	$64.4M³	$68.9M³
Interest	$70.2M⁴	$68.9M⁵	$66.0M⁶	$61.6M⁷	$43.3M⁷	$50.0M⁷
Income tax	$114.0K⁴	$75.0K⁵	$53.0K⁶	$99.0K⁷	$61.0K³	$74.0K³	$82.0K³
Net income	-$152.0M⁴	-$77.8M⁵	-$264.2M⁶	$26.8M⁷	-$54.5M³	-$160.2M³	$97.6M³
Earnings per share		-$0.41⁵	-$1.38⁶	$0.13⁷	-$0.28³	-$0.83³	$0.53³
Earnings per share (diluted)		-$0.41⁵	-$1.38⁶	$0.13⁷	-$0.28³	-$0.83³	$0.53³

Total assets¹¹⁴⁵⁶⁷³$1.1B in 2024−50% since 2018

Total liabilities¹¹⁴⁵⁶⁷³$900.9M in 2024−41% since 2018

Shareholders’ equity¹¹⁴⁵⁶⁷³$231.1M in 2024−69% since 2018

Cash⁴⁵⁶⁷³$312.1M in 2024+323% since 2018

Long-term debt¹²¹¹⁴⁵⁶⁷³$858.5M in 2024−43% since 2018

Fiscal year	2018	2019	2020	2021	2022	2023	2024
Cash	$73.8M⁴	$41.9M⁵	$66.0M⁶	$200.5M⁷	$103.9M⁷	$85.0M³	$312.1M³
Total assets	$2.3B¹¹	$2.1B⁴	$1.9B⁵	$1.4B⁶	$1.2B⁷	$1.1B³	$1.1B³
Long-term debt	$1.5B¹²	$1.5B¹¹	$1.4B⁴	$943.8M⁵	$922.4M⁶	$903.9M⁷	$858.5M³
Total liabilities	$1.5B¹¹	$1.5B⁴	$1.5B⁵	$966.1M⁶	$936.8M⁷	$927.7M³	$900.9M³
Shareholders’ equity	$738.7M¹¹	$662.4M⁴	$409.6M⁵	$444.5M⁶	$299.0M⁷	$132.9M³	$231.1M³
Shares outstanding	188.5M shares¹¹	189.1M shares⁴	190.4M shares⁵	193.1M shares⁶	195.4M shares⁷	185.7M shares³	185.7M shares³

Cash from operations⁴⁵⁶⁷³$24.0M in 2024−14% since 2018

Dividends paid⁴⁵⁶⁷³$0 in 2024

Share buybacks⁴⁵⁶⁷³$0 in 2024

Fiscal year	2018	2019	2020	2021	2022	2023	2024
Cash from operations	$28.0M⁴	$25.3M⁵	$31.0M⁶	-$6.4M⁷	$7.8M³	$19.1M³	$24.0M³
Dividends paid	$68.6M⁴	$10.8M⁵	$0⁶	$0⁷	$97.0M³	$0³	$0³
Share buybacks	$25.9M⁴	$10.7M⁵	$2.1M⁶	$0⁷	$0³	$1.3M³	$0³
Dividend per share	$0.34⁴	$0.03⁵	$0.00⁶	$0.00⁷	$0.50³	$0.00³	$0.00³

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Leadership

Who has led NorthStar Healthcare Income, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

President

Chief financial officer

201520202025

Chief executive officerKendall K. Young Oct 24, 2022 to Oct 24, 2022¹³
Chief executive officerJames F. Flaherty Iii. Apr 28, 2014 to Apr 28, 2014¹⁴
Chief executive officerRonald J. Jeanneault Nov 17, 2014 to Nov 17, 2014¹⁵
ChairRichard S. Welch Dec 1, 2020 to Dec 1, 2020¹⁶
ChairJustin T. Chang Dec 4, 2018 to Dec 4, 2018¹⁷
PresidentKendall K. Young Oct 24, 2022 to Oct 24, 2022¹³
PresidentJames F. Flaherty Iii. Apr 28, 2014 to Apr 28, 2014¹⁴
PresidentRonald J. Jeanneault Nov 17, 2014 to Nov 17, 2014¹⁵
Chief financial officerPaul Varisano Mar 7, 2022 to Mar 7, 2022¹⁸
Chief financial officerNicholas Balzo Oct 24, 2022 to Oct 24, 2022¹⁹
Chief financial officerNeale Redington Apr 15, 2021 to Apr 15, 2021²⁰
Chief financial officerFrank Saracino V. Aug 21, 2015 to Aug 21, 2015²¹
Chief financial officerDebra Ann Hess Apr 28, 2014 to Apr 28, 2014²²

Board members and other officers (8)

Vice chairRobert C. Gatenio Mar 8, 2016 to Mar 8, 2016²³
EVP, GC and SecretaryRonald J. Lieberman Apr 28, 2014 to Apr 28, 2014²⁴
Board memberJonathan A. Carnella Apr 15, 2021 to now²⁵
Board memberThomas Andrew Smith Dec 6, 2019 to now²⁶
Board memberRobert C. Gatenio Mar 8, 2016 to Mar 8, 2016²³
Board memberDaniel Joseph Altobello Apr 28, 2014 to Jun 21, 2019²⁷
Board memberGregory A. Samay Apr 28, 2014 to now²⁸
General counselAnn Harrington May 18, 2016 to Oct 3, 2023²⁹

Former names

NorthStar Healthcare Income Trust, Inc.Apr 17, 2012 to Jul 25, 2012²
NorthStar Senior Care Trust, Inc.Nov 24, 2010 to Mar 8, 2012²

Timeline

Oct 24, 2022New chief executive Kendall K. Young becomes CEO¹³
Nov 17, 2014New chief executive Ronald J. Jeanneault becomes CEO¹⁵
Apr 28, 2014New chief executive James F. Flaherty Iii. becomes CEO¹⁴

Filings

99 filings to the SEC since October 2021: 5 annual reports, 11 quarterly reports, 33 major events, 18 insider forms, 3 large holders, 29 other. The latest 20:

Jun 9, 202515-12G EDGAR
Jun 9, 2025S-3DPOS EDGAR
Jun 9, 20258-K EDGAR
Jun 9, 20254 EDGAR
Jun 9, 20254 EDGAR
Jun 9, 20254 EDGAR
Jun 4, 20258-K EDGAR
May 23, 2025DEFA14A EDGAR
May 23, 20258-K EDGAR
May 8, 202510-Q EDGAR
Apr 24, 2025ARS EDGAR
Mar 21, 2025DEFA14A EDGAR
Mar 18, 20258-K EDGAR
Mar 18, 2025DEFA14A EDGAR
Mar 18, 2025DEFM14A EDGAR
Mar 14, 202510-K EDGAR
Mar 7, 2025PREM14A EDGAR
Feb 11, 2025SCHEDULE 13G/A EDGAR
Feb 4, 2025DEFA14A EDGAR
Jan 30, 2025DEFA14A 8-K EDGAR

The 99 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 3 such filings since October 2021:

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARNorthStar Healthcare Income, Inc. filings on SEC EDGAR
2
SEC EDGARNorthStar Healthcare Income, Inc. filings on SEC EDGAR
3
SEC EDGARNorthStar Healthcare Income, Inc. 10-K for fiscal 2024
4
SEC EDGARNorthStar Healthcare Income, Inc. 10-K for fiscal 2018
5
SEC EDGARNorthStar Healthcare Income, Inc. 10-K for fiscal 2019
6
SEC EDGARNorthStar Healthcare Income, Inc. 10-K for fiscal 2020
7
SEC EDGARNorthStar Healthcare Income, Inc. 10-K for fiscal 2021
8
SEC EDGARNorthStar Healthcare Income, Inc. 10-Q for fiscal 2024
9
SEC EDGARNorthStar Healthcare Income, Inc. 10-Q for fiscal 2024
10
SEC EDGARNorthStar Healthcare Income, Inc. 10-Q for fiscal 2025
11
SEC EDGARNorthStar Healthcare Income, Inc. 10-K for fiscal 2018
12
SEC EDGARNorthStar Healthcare Income, Inc. 10-K for fiscal 2018
13
SEC EDGARKendall K. Young, Chief executive officer
14
SEC EDGARJames F. Flaherty Iii., Chief executive officer
15
SEC EDGARRonald J. Jeanneault, Chief executive officer
16
SEC EDGARRichard S. Welch, Chair
17
SEC EDGARJustin T. Chang, Chair
18
SEC EDGARPaul Varisano, Chief financial officer
19
SEC EDGARNicholas Balzo, Chief financial officer
20
SEC EDGARNeale Redington, Chief financial officer
21
SEC EDGARFrank Saracino V., Chief financial officer
22
SEC EDGARDebra Ann Hess, Chief financial officer
23
SEC EDGARRobert C. Gatenio, Vice chair
24
SEC EDGARRonald J. Lieberman, EVP, GC and Secretary
25
SEC EDGARJonathan A. Carnella, Board member
26
SEC EDGARThomas Andrew Smith, Board member
27
SEC EDGARDaniel Joseph Altobello, Board member
28
SEC EDGARGregory A. Samay, Board member
29
SEC EDGARAnn Harrington, General counsel