Heywood Medical Group Inc
- Assets
- $12.5m
- Revenue
- $24.9m
- Investments
- $0.0
- Employees
- 308
- Location
- Gardner, MA
- Founding
- 11/2005
- Data as of
- 09/2021
- EIN
- 04-3163589
Organization Overview
Heywood Medical Group Inc is located in Gardner, MA. The organization was established in 2005. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 09/2021, Heywood Medical Group Inc employed 308 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heywood Medical Group Inc 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 09/2021, Heywood Medical Group Inc generated $24.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $25.7m during the year ending 09/2021. While expenses have increased by 4.9% 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
TO ENGAGE IN THE MULTI-SPECIALTY PRACTICE OF MEDICINE AND TO PERFORM SUCH MEDICAL AND OTHER ANCILLARY SERVICES AS ARE NECESSARY IN RENDERING SUCH PROFESSIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEYWOOD MEDICAL GROUP HAS OVER 40 PHYSICIANS SPECIALIZING IN PRIMARY CARE AND SPECIALTY CARE. THE PRIMARY CARE PHYSICIANS FOCUS ON PEDIATRICS, AND FAMILY PRACTICE. THE SPECIALTY CARE PHYSICIANS FOCUS ON THE AREAS OF CARDIOLOGY, ENDOCRINOLOGY, GASTROENTEROLOGY, GYNECOLOGY/OBSTETRICS, ORTHOPEDICS, PULMONOLOGY, UROLOGY, AND GENERAL SURGERY. HEYWOOD MEDICAL GROUP SERVES INDIVIDUALS AND FAMILIES IN NEED OF HEALTH CARE AND WORKS IN COORDINATION WITH HEYWOOD HOSPITAL AND ATHOL HOSPITAL TO PROVIDE HIGH-QUALITY, COMPREHENSIVE CARE TO EVERYONE. THEY ALSO PROVIDE OVERSIGHT TO THE PROVIDER BASED CLINICS AT HEYWOOD HOSPITAL AND ATHOL HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bret Ancowitz Gastro Physician | 40 | $633,604 | |
Michael Azzoni Ortho Physician | 40 | $608,535 | |
Phani Molaktalla Gastro Physician | 32 | $558,702 | |
Jeffrey Blake Ob Gyn Physician | 32 | $531,966 | |
Francis Garofalo Physician | Trustee | 32 | $494,728 |
Helen Heneghan Officer/family Physician | Officer | 36 | $451,790 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advanced Cardiovascular Specialists Cardiology Physicians | 9/29/21 | $1,760,800 |
Konstantino Avradopoulos General Surgeon | 9/29/21 | $169,723 |
Jared Toman Orthopedic Physician | 9/29/21 | $1,095,762 |
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 | $24,945,508 |
| Investment income | $891 |
| 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 | $24,946,399 |
| 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. | $2,868,630 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,363,278 |
| Pension plan accruals and contributions | $372,185 |
| Other employee benefits | $2,317,338 |
| Payroll taxes | $1,389,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,468 |
| Fees for services: Accounting | $250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,277,603 |
| Advertising and promotion | $2,261 |
| Office expenses | $228,229 |
| Information technology | $5,196 |
| Royalties | $0 |
| Occupancy | $719,256 |
| Travel | $2,633 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,405 |
| Interest | $10,797 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,117 |
| Insurance | $597,519 |
| All other expenses | $32,729 |
| Total functional expenses | $25,715,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,783,750 |
| Savings and temporary cash investments | $632,949 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,330,308 |
| 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 | $9,970 |
| Net Land, buildings, and equipment | $606,532 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,145,554 |
| Total assets | $12,509,063 |
| Accounts payable and accrued expenses | $5,210,816 |
| Grants payable | $0 |
| Deferred revenue | $405,655 |
| 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 | $1,105,893 |
| Total liabilities | $6,722,364 |
| Net assets without donor restrictions | $5,786,699 |
| 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 | $12,509,063 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heywood Medical Group Inc has recieved totaling $5,825.
| Awarding Organization | Amount |
|---|---|
Reach Out And Read Inc Boston, MA PURPOSE: ENCOURAGE READING | $5,825 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Behavioral Health Network Inc Springfield, MA | $65,551,106 | $133,127,177 |
Bay Cove Human Services Inc Boston, MA | $73,611,314 | $126,196,963 |
Project Renewal Inc New York, NY | $69,968,060 | $104,099,662 |
Independent Support Services Inc Monticello, NY | $24,263,937 | $88,755,819 |
Northeast Behavioral Health Corporation Danvers, MA | $26,435,080 | $68,219,943 |
Spectrum Health Systems Inc Worcester, MA | $87,563,287 | $97,478,022 |
Liberty Resources Inc Syracuse, NY | $28,260,696 | $72,702,339 |
Community Health Resources Inc Windsor, CT | $27,429,271 | $60,593,569 |
Washington County Mental Health Services Inc Montpelier, VT | $30,263,441 | $58,801,152 |
Interborough Developmental & Consultation Center Inc Brooklyn, NY | $61,623,980 | $56,914,779 |
Union Community Health Center Inc Bronx, NY | $37,674,663 | $46,378,633 |
The Mental Health Center Of Greater Manchester Inc Manchester, NH | $29,193,331 | $40,576,904 |