Mmc Realty Corp
- Assets
- $43.7m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 02/1989
- Data as of
- 09/2020
- EIN
- 01-0434215
Organization Overview
Mmc Realty Corp is located in Portland, ME. The organization was established in 1989. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mmc Realty Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2020, Mmc Realty Corp generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $3.7m during the year ending 09/2020. While expenses have increased by 0.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ACQUIRING, HOLDING, MANAGING, MAINTAINING, DEVELOPING OR DISPOSING OF REAL PROPERTY FOR THE BENEFIT OF AND IN CONNECTION WITH MAINEHEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MMC REALTY WAS FORMED SOLELY FOR THE PURPOSE OF PROMOTING THE LAWFUL INTEREST OF MAINEHEALTH, A NON-PROFIT, 501(C)(3) INSTITUTION (EIN 01-0238552), DULY ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF MAINE, BY ACQUIRING, HOLDING, MANAGING, MAINTAINING, DEVELOPING OR DISPOSING OF REAL PROPERTY FOR THE BENEFIT OF AND IN CONNECTION WITH MAINEHEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lugene Inzana Treasurer | OfficerTrustee | 1 | $0 |
Jeffrey Sanders President | OfficerTrustee | 1 | $0 |
Beth A Kelsch Secretary | Officer | 1 | $0 |
Jennifer Mccarthy Director | Trustee | 1 | $0 |
Joel Botler MD Director | Trustee | 1 | $0 |
Maureen Van Benthuysen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,719,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $39,421 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,793,027 |
| Travel | $1,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $97,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $535,055 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,661,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $704,219 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,350,878 |
| Total assets | $43,663,674 |
| Accounts payable and accrued expenses | $49,472 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,516,330 |
| Other liabilities | $3,695,627 |
| Total liabilities | $5,261,429 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $38,402,245 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cheshire Health Foundation Keene, NH | $78,781,807 | $12,306,567 |
Concord Hospital Trust Concord, NH | $67,334,634 | $6,367,330 |
Capital Region Health Care Development Corporation Concord, NH | $21,495,479 | $4,517,739 |
Mmc Realty Corp Portland, ME | $43,663,674 | $5,719,456 |
Foundation For Seacoast Health Portsmouth, NH | $39,490,341 | $5,481,063 |
Elliot Health System Prof & Gen Liab Ins Trust Manchester, NH | $4,832,857 | $1,446,680 |
Wentworth-Douglass Health System Dover, NH | $5,216,380 | $1,462,327 |
Kennebec Valley Dental Coalition Inc Oakland, ME | $1,717,032 | $1,311,335 |
Rangeley Region Health & Wellness Partnership Rangeley, ME | $4,090,002 | $1,435,313 |
Womens Board Of The Maine Medical Center Portland, ME | $689,607 | $1,022,806 |
Coastal Healthcare Alliance Belfast, ME | $0 | $890,492 |
Weathervane Seafoods Health And Welfare Tr Kittery, ME | $126,820 | $367,280 |