Healthreach Community Clinic
- Assets
- $2.3m
- Revenue
- $2.7m
- Investments
- $782.7k
- Employees
- 12
- Location
- Mooresville, NC
- Founding
- 06/2004
- Data as of
- 06/2024
- EIN
- 20-1020941
Organization Overview
Healthreach Community Clinic is located in Mooresville, NC. The organization was established in 2004. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2024, Healthreach Community Clinic employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthreach Community Clinic 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 06/2024, Healthreach Community Clinic generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $3.2m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FREE MEDICAL CARE AND FREE MEDICATIONS TO LOW-INCOME, UNINSURED RESIDENTS OF IREDELL COUNTY, NC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL CLINIC - PROVIDING MEDICAL AND MENTAL HEALTH SERVICES TO LOW INCOME RESIDENTS OF IREDELL COUNTY. IN ADDITION TO CASH DONATIONS AND CASH PROGRAM EXPENSES, THE AUDITED FINANCIAL STATEMENTS RECORD $2,015,086 OF IN-KIND DONATED PROFESSIONAL SERVICES, LAB WORK, AND X-RAYS, OF WHICH 65% OR $1,309,806 WERE USED IN THE MEDICAL CLINIC.
OTHER SOCIAL SERVICES - PROVIDES OTHER SOCIAL SERVICES FOR LOW INCOME RESIDENTS OF IREDELL COUNTY.
PHARMACY - PROVIDING PHARMACEUTICAL SERVICES FREE OF CHARGE TO LOW INCOME RESIDENTS OF IREDELL COUNTY. IN ADDITIONAL TO CASH DONATIONS AND CASH PROGRAM EXPENSES, THE AUDITED FINANCIAL STATEMENTS RECORD $2,015,086 OF IN-KIND DONATED PROFESSIONAL SERVICES, LAB WORK, AND X-RAYS, OF WHICH 35%, OR $705,280 WERE USED IN THE PHARMACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Mcmillan Executive Dir. | Officer | 40 | $62,708 |
Miles Atkins Chairman | OfficerTrustee | 0 | $0 |
James Bullard Treasurer | OfficerTrustee | 0 | $0 |
Martha Michael Director | Trustee | 0 | $0 |
Franklin Mock Director | Trustee | 0 | $0 |
Kathryn Nusbaum Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $316,326 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,168,869 |
| Noncash contributions included in lines 1a–1f | $1,903,137 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,485,195 |
| Total Program Service Revenue | $0 |
| Investment income | $34,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $173,647 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,693,054 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,643,167 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,708 |
| Compensation of current officers, directors, key employees. | $6,271 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $376,703 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,442 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,730 |
| 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 | $15,089 |
| Insurance | $5,203 |
| All other expenses | $0 |
| Total functional expenses | $3,233,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,098 |
| Savings and temporary cash investments | $513,415 |
| Pledges and grants receivable | $31,842 |
| Accounts receivable, net | $6,142 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $734,804 |
| Prepaid expenses and deferred charges | $190 |
| Net Land, buildings, and equipment | $185,289 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $782,713 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,000 |
| Total assets | $2,320,493 |
| Accounts payable and accrued expenses | $4,611 |
| 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 | $0 |
| Total liabilities | $4,611 |
| Net assets without donor restrictions | $2,245,542 |
| Net assets with donor restrictions | $70,340 |
| 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 | $2,320,493 |