Mhhc Foundation Inc
- Assets
- $4.6m
- Revenue
- $327.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 06/1987
- Data as of
- 06/2021
- EIN
- 13-3276364
Organization Overview
Mhhc Foundation Inc is located in Bronx, NY. The organization was established in 1987. According to its NTEE Classification (E70) the organization is classified as: Public Health, 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. Mhhc Foundation 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 06/2021, Mhhc Foundation Inc generated $327.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $176.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 6 years. 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
THE FOUNDATION IS A CHARITABLE ORGANIZATION DEDICATED TO SUPPORTING THE MISSION OF THE MORRIS HEIGHTS HEALTH CENTER AND FUNDING INITIATIVES DESIGNED TO FOSTER GOOD HEALTH, SOCIAL EQUALITY, AND EDUCATIONAL OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATIONS SOLICITS CONTRIBUTIONS TO SUPPORT THE INITIATIVES AT THE MORRIS HEIGHTS HEALTH CENTER AND IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Prof Thomasina Bushby Secretary | OfficerTrustee | 1 | $0 |
Ted Yu Treasurer | OfficerTrustee | 1 | $0 |
Robert W Mercedes Ms Interim Chairperson | OfficerTrustee | 1 | $0 |
Lennie Trainer CFO - Thru Aug. 2020 | Officer | 1 | $0 |
Michael Brandsdorfer CFO - Thru Sept. 2021 | Officer | 1 | $0 |
Mari G Millet President & CEO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $83,595 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,314 |
| Total Program Service Revenue | $0 |
| Investment income | $24,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $210,835 |
| 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 | $327,187 |
| 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 | $145,846 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,200 |
| Office expenses | $1,320 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,000 |
| Interest | $345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $480 |
| Total functional expenses | $176,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,176 |
| Savings and temporary cash investments | $2,917,714 |
| 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 |
| Net Land, buildings, and equipment | $113,611 |
| Investments—publicly traded securities | $1,087,706 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,941 |
| Total assets | $4,601,148 |
| Accounts payable and accrued expenses | $30 |
| 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 | $2,176,970 |
| Total liabilities | $2,177,000 |
| Net assets without donor restrictions | $2,390,838 |
| Net assets with donor restrictions | $33,310 |
| 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 | $4,601,148 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mhhc Foundation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Morris Heights Health Center Inc Bronx, NY PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Resources In Action Inc Boston, MA | $33,816,788 | $35,069,519 |
Fair Health Inc New York, NY | $43,905,293 | $32,401,678 |
Chmc Otolaryngologic Foundation Inc Boston, MA | $56,250,065 | $28,964,394 |
Cicatelli Associates Inc New York, NY | $5,888,559 | $27,747,071 |
Onecare Vermont Accountable Care Organization Llc Colchester, VT | $43,985,225 | $27,384,795 |
Center For Community Resources Incorporated Butler, PA | $7,781,042 | $25,238,032 |
Finger Lakes Migrant Health Care Project Inc Penn Yan, NY | $24,796,436 | $20,780,428 |
Visiting Nurse Association Of Southeastern Connecticut Inc Waterford, CT | $35,601,025 | $17,245,104 |
Spectrum Health Service Inc Philadelphia, PA | $21,459,031 | $22,165,615 |
Walpole Area Visiting Nurse Association Inc Walpole, MA | $9,639,737 | $11,196,875 |
Public Good Projects New York, NY | $3,040,032 | $8,988,626 |
Health Promotion Council Of Southeastern Pennsylvania Inc Philadelphia, PA | $4,768,529 | $8,462,838 |