Michaud Residential Health Services Inc
- Assets
- $311.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 127
- Location
- Oswego, NY
- Founding
- 01/2007
- Data as of
- 12/2018
- EIN
- 20-3615539
Organization Overview
Michaud Residential Health Services Inc is located in Oswego, NY. The organization was established in 2007. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2018, Michaud Residential Health Services Inc employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michaud Residential Health Services 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 12/2018, Michaud Residential Health Services Inc generated $175.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (59.8%) each year. All expenses for the organization totaled $226.1k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (57.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
ON AUGUST 17, 2017, THE CORPORATION CLOSED ALL COMPONENTS OF THE OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Caswell President | 1 | $0 | |
Jerome Mirabito Vice-President | 1 | $0 | |
Terrence Gorman Treasurer | 1 | $0 | |
Stephen Frawley Secretary | 1 | $0 | |
Mike Cullinan Board Member | 1 | $0 | |
Dick Fargaglia Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $100,516 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $74,947 |
| Total Revenue | $175,463 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $34,065 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $192,041 |
| Total expenses | $226,106 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,409 |
| Other assets | $0 |
| Total assets | $311,170 |
| Total liabilities | $2,629,318 |
| Net assets or fund balances | -$2,318,148 |