Milford Health & Medical Inc
- Assets
- $2.7m
- Revenue
- $37.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milford, CT
- Founding
- 03/1987
- Data as of
- 09/2022
- EIN
- 22-2627346
Organization Overview
Milford Health & Medical Inc is located in Milford, CT. The organization was established in 1987. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, 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. Milford Health & Medical 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 09/2022, Milford Health & Medical Inc generated $37.0 in total revenue. All expenses for the organization totaled $82.5k during the year ending 09/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EFFECTIVELY AND EFFICIENTLY PROVIDE HIGH QUALITY HEALTHCARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFECTIVE JUNE 9, 2019, THE HOSPITAL SOLD SUBSTANTIALLY ALL ASSETS AND TRANSFERRED CERTAIN LIABILITIES USED IN OR INCIDENTAL TO THE CONDUCT OF THE BUSINESS TO YALE-NEW HAVEN HEALTH SERVICES CORPORATION AND BRIDGEPORT HOSPITAL ("THE BUYER"), AND THIS REPORTING ENTITY WILL NO LONGER OPERATE. THE OPERATIONS OF THIS REPORTING ENTITY, HOWEVER, WILL CONTINUE UNDER THE CONTROL OF THE BUYER, WHICH IS UNRELATED TO THE COMPANY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Smith Cfo/vp Finance | Officer | 0.5 | $22,500 |
Samuel S Bergami Jr Chair | OfficerTrustee | 0.5 | $0 |
Mark Toney President/ceo/cro | Officer | 0.5 | $0 |
Nancy Bennett Director | Trustee | 0.5 | $0 |
Armand Cantafio Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Norton Rose Fulbright Us Llp Legal Services | 9/29/20 | $180,948 |
Baker Tilly Virchow Krause Llp Accounting Services | 9/29/20 | $118,168 |
Carmody Torrance Legal Services | 9/29/20 | $224,737 |
Toneykorf Partners Llc Consulting/reorganization Services | 9/29/20 | $472,505 |
Norton Rose Fulbright Us Llp Legal Services | 9/29/20 | $180,948 |
Baker Tilly Virchow Krause Llp Accounting Services | 9/29/20 | $118,168 |
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 | $0 |
| Investment income | $0 |
| 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 | $37 |
| 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 | $8,568 |
| Fees for services: Accounting | $3,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,440 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $82,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,699,087 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,699,087 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,699,087 |
| Total liabilities | $2,699,087 |
| Net assets without donor restrictions | $0 |
| 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 | $2,699,087 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Milford Health & Medical Inc has recieved totaling $1,900,859.
| Awarding Organization | Amount |
|---|---|
Milford Hospital Inc Milford, CT PURPOSE: GENERAL OPERATING NEEDS | $1,900,859 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memorial Sloan-Kettering Cancer Center New York, NY | $2,660,395 | $8,097,086 |
Upstate Family Health Center Utica, NY | $2,178,758 | $9,804,714 |
Community Health Center Of Franklin County Incorporated Greenfield, MA | $7,121,524 | $8,685,236 |
St Johns Medical Services Pc Garden City, NY | $2,815,451 | $7,982,400 |
Easterseals Capital Region & Eastern Connecticut Inc Windsor, CT | $10,576,901 | $6,446,229 |
Mercy Medical Group Inc Hartford, CT | $6,546,054 | $4,129,272 |
Community Physicians Associates Inc Milton, MA | $570,425 | $4,628,464 |
Sidney Hillman Health Center Of Rochester Rochester, NY | $134,212,022 | $12,997,802 |
Montefiore Cerc Operations Inc Tarrytown, NY | $16,948,982 | $4,317,409 |
Anchor Health Initiative Corporation Stamford, CT | $1,359,308 | $5,797,725 |
Park Slope Medical Service P C Brooklyn, NY | $2,658,234 | $4,748,336 |
University Cardiovascular Surgical Associates Inc Rumford, RI | $724,620 | $4,910,217 |