Mca Revere Realty Inc
- Assets
- $16.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- El Paso, TX
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 47-2253097
Organization Overview
Mca Revere Realty Inc is located in El Paso, TX. The organization was established in 2015. According to its NTEE Classification (E11) the organization is classified as: Single Organization 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. Mca Revere Realty 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, Mca Revere Realty Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 58.7% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 61.1% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF BEING A SUPPORTING ORGANIZATION TO MEDICAL CENTER OF THE AMERICAS FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(3); TO ENCOURAGE AND ASSIST IN THE ESTABLISHMENT OF A NON-PROFIT MEDICAL CENTER IN EL PASO, TEXAS; PARTICIPATE IN OR HAVE A SUBSTANTIAL PRESENCE AT SUCH MEDICAL CENTER; FACILITATE, PROMOTE, OR CONDUCT MEDICAL RESEARCH AND EDUCATION TO ADDRESS HEALTH ISSUES IMPACTING THE GREATER EL PASO, TEXAS GEOGRAPHIC AREA; OR FACILITATE, PROMOTE OR CONDUCT THE PROCESS OF MAKING SUCCESSFUL RESEARCH AND HEALTHCARE OUTCOMES ACCESSIBLE TO PATIENTS REGARDLESS OF THEIR ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCA REVERE REALTY, INC. LEASES A 33,500 SQ. FT. MENTAL WELLNESS FACILITY TO THE U.S. DEPARTMENT OF VETERANS AFFAIRS PURSUANT TO A 20 YEAR TERM LEASE WITH THE U.S. GOVERNMENT. PREVIOUSLY, MCA REVERE REALTY, INC. HAD ACQUIRED 10 ACRES OF LAND DURING 2014 AS PART OF A PLAN FOR FUTURE DEVELOPMENT THAT WILL FACILITATE BIOMEDICAL INNOVATION AND IMPROVE HEALTHCARE ACCESS AND QUALITY IN CONJUNCTION WITH, AND SUPPORT OF, THE MEDICAL CENTER OF THE AMERICAS FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melinda Becker Board Member | Trustee | 1 | $0 |
Rick Francis Board Member | Trustee | 1 | $0 |
Ben Marcus Board Member | Trustee | 1 | $0 |
Josh Hunt Board Chair | Trustee | 1 | $0 |
Matthew Bohannon Board Member | Trustee | 2 | $0 |
Edward Escudero Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jordan Foster Contruction Llc Construction Services | 12/30/20 | $3,071,907 |
Public Properties Llc Consulting Services | 12/30/20 | $142,331 |
Johnson Development Llc Health Care Real Estate Services | 12/30/20 | $108,254 |
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 | $1,475,387 |
| Investment income | $38,333 |
| 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 | $1,513,720 |
| 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 | $133,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,283 |
| 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 | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $955,519 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $388,492 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,728,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,798 |
| Savings and temporary cash investments | $1,054,045 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,589 |
| 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 | $14,605 |
| Net Land, buildings, and equipment | $14,651,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $457,813 |
| Total assets | $16,609,556 |
| Accounts payable and accrued expenses | $79,744 |
| Grants payable | $0 |
| Deferred revenue | $1,852,310 |
| 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 | $15,900,763 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,832,817 |
| Net assets without donor restrictions | -$1,223,261 |
| 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 | $16,609,556 |