Mi Management Inc

Organization Overview

Mi Management Inc is located in Lawrence, MA. The organization was established in 1946. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. MI Management 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 12/2021, MI Management Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MARY IMMACULATE MANAGEMENT EXISTS TO DEVELOP AND IMPLEMENT INNOVATIVE, COMPASSIONATE, COMPETENT, AND RESPONSIVE SERVICES AND PROGRAMS TO ADDRESS UNMET NEEDS OF COMMUNITY ELDERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MARGUERITE D'YOUVILLE, MOTHER OF UNIVERSAL CHARITY, BEGAN A RICH TRADITION OF CARING FOR THE MOST VULNERABLE. THE GREY NUNS HAVE CONTINUED THIS TRADITION BY FOCUSING ON PROGRAMS THAT SERVICE THE POOR AND THE UNDERSERVED. IN THE SPIRIT OF MARGUERITE D'YOUVILLE AND THE GREY NUNS, THE COMMUNITY OF MARY IMMACULATE CONTINUES TO SERVE THOSE MOST VULNERABLE THROUGH ITS SPONSORSHIP OF A WIDE VARIETY OF GOOD NEIGHBOR ACTIVITIES. THESE ACTIVITIES ARE ORGANIZED AND FACILITATED BY OUR MISSION DEPARTMENT.THE ENTIRE MARY IMMACULATE GROUP OF ENTITIES, COLECTIVELY MARY IMMACULATE HEALTHCARE SERVICES (MIHCS), FOLLOWS THE METHODOLOGY THAT IS RECOMMENDED BY THE CATHOLIC HEALTH ASSOCIATION FOR CALCULATING THE COST OF SUPPORT FOR THE BROADER COMMUNITY. IN THIS METHODOLOGY, THE COST OF PROVIDING SERVICES IS REDUCED BY PAYMENTS RECEIVED FOR SERVICES, RESULTING IN NET COST. IT IS THE NET COST THAT MIHCS REPORTS AS ITS COMMUNITY BENEFIT, AND IT INCLUDES THE NET COST OF PROGRAMS DIRECTED TO THE POOR AND UNPAID COSTS OF THE MEDICAID PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Jeanne Leydon
President & CEO
$0
Deborah L Turiano MD
Chair
$0
William Shaheen CPA
Treasurer
$0
Karen Gallagher Giangrande
Clerk
$0
Raisa T Carrasco-Velez
Director
$0
Rev John Delaney
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$420
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$142,877
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$143,297
Total Program Service Revenue$2,722,612
Investment income $94,609
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,285,320
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,245,838

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Mi Management Inc has recieved totaling $10,000.

Awarding OrganizationAmount
Fallon Community Health Plan Inc

Worcester, MA

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$50
Other Expense$50

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