Medical Loan Closet Of Henderson County Inc
- Assets
- $466.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hendersonville, NC
- Founding
- 01/2009
- Data as of
- 12/2023
- EIN
- 26-2933780
Organization Overview
Medical Loan Closet Of Henderson County Inc is located in Hendersonville, NC. The organization was established in 2009. According to its NTEE Classification (E60) the organization is classified as: Health Support, 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. Medical Loan Closet Of Henderson County 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 12/2023, Medical Loan Closet Of Henderson County Inc generated $192.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $124.8k during the year ending 12/2023. While expenses have increased by 9.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE PROVISION OF DURABLE MEDICAL EQUIPMENT ON A LOAN BASIS TO MORE THAN 2,400 CLIENTS PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Farren President | 3 | $0 | |
Joshua Thomsen Secretary | 3 | $0 | |
Julie Osteen Treasurer | 3 | $0 | |
B Diane Ballard Board Member | 3 | $0 | |
Mark Broadway Board Member | 3 | $0 | |
Mike Johnson Board Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,553 |
| Total Program Service Revenue | $88,671 |
| Membership dues | $0 |
| Investment income | $15 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $192,239 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $55,120 |
| Professional fees and other payments to independent contractors | $8,000 |
| Occupancy, rent, utilities, and maintenance | $18,089 |
| Printing, publications, postage, and shipping | $2,243 |
| Other expenses | $41,315 |
| Total expenses | $124,767 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $87,377 |
| Other assets | $0 |
| Total assets | $466,166 |
| Total liabilities | $3,261 |
| Net assets or fund balances | $462,905 |