Exeter Med Real Inc
- Assets
- $48.4m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Exeter, NH
- Founding
- 10/1989
- Data as of
- 09/2021
- EIN
- 02-0418718
Organization Overview
Exeter Med Real Inc is located in Exeter, NH. The organization was established in 1989. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., 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.
For the year ending 09/2021, Exeter Med Real Inc generated $7.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $8.2m during the year ending 09/2021. While expenses have increased by 8.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EXETER MED REAL, INC. IS A NOT-FOR-PROFIT SUBSIDIARY OF EXETER HEALTH RESOURCES, INC., WHICH HOLDS AND MANAGES REAL ESTATE ASSETS FOR THE BENEFIT OF EXETER HEALTH RESOURCES, INC. AND ITS SUBSIDIARIES. EXETER MED REAL, INC. OWNS AND LEASES LAND AND BUILDINGS TO THESE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXETER MED REAL, INC. IS ORGANIZED AS A SECTION 501(C)(25) ORGANIZATION WHOSE SOLE PURPOSE IS TO HOLD TITLE TO PROPERTY AND TO DISTRIBUTE THE INCOME THEREFROM TO EXETER HEALTH RESOURCES, INC., A RELATED 501(C)(3) ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin J O'leary Treasurer/trustee | OfficerTrustee | 1 | $0 |
Kevin J Callahan President/secretary/trustee | OfficerTrustee | 1 | $0 |
Debra Cresta Trustee | Trustee | 1 | $0 |
Brian Campbell Trustee | Trustee | 1 | $0 |
Mark Whitney Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Angel's Cleaning & Organizing Service L Cleaning Services | 9/29/21 | $316,845 |
Exeter Hospital Inc Support Services | 9/29/21 | $460,000 |
Great Bay Facility Maintenance Cleaning Services | 9/29/21 | $206,094 |
Hutter Construction Corp Building Contractor | 9/29/21 | $706,602 |
Harvey Construction Building Contractor | 9/29/21 | $492,887 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,120,605 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,521 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,175,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $3,588 |
| 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 | $584,118 |
| Advertising and promotion | $0 |
| Office expenses | $117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,095,217 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,936,185 |
| Insurance | $42,613 |
| All other expenses | $0 |
| Total functional expenses | $8,196,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,386,263 |
| 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 | $242,236 |
| Net Land, buildings, and equipment | $46,800,677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,967 |
| Total assets | $48,444,143 |
| Accounts payable and accrued expenses | $419,740 |
| 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 | $0 |
| Other liabilities | $142,724 |
| Total liabilities | $562,464 |
| Net assets without donor restrictions | $47,881,679 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $48,444,143 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vna At Hcs Inc Keene, NH | $9,766,426 | $18,124,886 |
Tri-County Mental Health Services Lewiston, ME | $7,983,072 | $15,678,818 |
Clara Martin Center Inc Randolph, VT | $9,599,904 | $14,620,066 |
Mass Insight Education And Research Institute Inc Boston, MA | $4,863,947 | $10,520,737 |
Franklin County Home Health Agency Inc St Albans, VT | $4,422,259 | $10,716,919 |
Duffy Health Center Inc Hyannis, MA | $8,678,167 | $10,668,428 |
Evidence For Healthcare Improvement Boston, MA | $9,935,379 | $7,868,981 |
Exeter Med Real Inc Exeter, NH | $48,444,143 | $7,175,126 |
Graniteone Health Manchester, NH | $1,202,880 | $8,160,739 |
Ibis Reproductive Health Inc Cambridge, MA | $10,779,818 | $7,740,674 |
Shriver Clinical Services Corporation Wakefield, MA | $4,067,653 | $6,428,713 |
Marie Esther Health Center Inc Southborough, MA | $5,799,194 | $6,319,601 |