Heywood Realty Corporation
- Assets
- $4.9m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Gardner, MA
- Founding
- 01/1997
- Data as of
- 09/2021
- EIN
- 04-3327447
Organization Overview
Heywood Realty Corporation is located in Gardner, MA. The organization was established in 1997. According to its NTEE Classification (E20) the organization is classified as: Hospitals, 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. Heywood Realty Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 09/2021, Heywood Realty Corporation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $1.6m during the year ending 09/2021. While expenses have increased by 10.7% 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
HEYWOOD REALTY CORPORATION'S MISSION IS TO HOLD TITLE PROPERTY TO COLLECT INCOME THEREFROM AND TO TURN OVER THE ENTIRE AMOUNT THEREOF LESS EXPENSES TO HEYWOOD HEALTHCARE, INC., A NON-PROFIT CORPORATION ORGANIZED AND EXISTING UNDER CHAPTER 180 OF MASSACHUSETTS GENERAL LAWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEYWOOD REALTY CORPORATION'S MISSION IS TO HOLD TITLE PROPERTY TO COLLECT INCOME THEREFROM AND TO TURN OVER THE ENTIRE AMOUNT THEREOF LESS EXPENSES TO HEYWOOD HEALTHCARE, INC., A NON-PROFIT CORPORATION ORGANIZED AND EXISTING UNDER CHAPTER 180 OF MASSACHUSETTS GENERAL LAWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Hunt Chairman | OfficerTrustee | 0.2 | $0 |
Roy Lake Vice Chairman | OfficerTrustee | 0.2 | $0 |
Joanne Parks Clerk | OfficerTrustee | 0.2 | $0 |
Winfield Brown President/ceo | OfficerTrustee | 0.2 | $0 |
Cheney Castine Treasurer | OfficerTrustee | 0.2 | $0 |
Michael Abbatiello Chief Financial Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $929,500 |
| 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 | $929,500 |
| Total Program Service Revenue | $1,735,694 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,460 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,662,734 |
| 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 | $26,854 |
| 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 | $433,596 |
| Advertising and promotion | $0 |
| Office expenses | $2,672 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $753,696 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $304 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $333,911 |
| Insurance | $969 |
| All other expenses | $0 |
| Total functional expenses | $1,600,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $684,332 |
| 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 | $6,642 |
| Net Land, buildings, and equipment | $4,186,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,906,271 |
| Accounts payable and accrued expenses | $806,239 |
| Grants payable | $0 |
| Deferred revenue | $27,133 |
| 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 | $0 |
| Total liabilities | $833,372 |
| Net assets without donor restrictions | $4,072,899 |
| 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 | $4,906,271 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heywood Realty Corporation has recieved totaling $929,500.
| Awarding Organization | Amount |
|---|---|
Athol Memorial Hospital Incorporated Athol, MA PURPOSE: Operations Support | $929,500 |