Mercy Drive Inc
- Assets
- $23.1m
- Revenue
- $33.7m
- Investments
- $0.0
- Employees
- 781
- Location
- Forest Hills, NY
- Founding
- 04/2010
- Data as of
- 06/2022
- EIN
- 04-3831639
Organization Overview
Mercy Drive Inc is located in Forest Hills, NY. The organization was established in 2010. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2022, Mercy Drive Inc employed 781 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Drive 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 06/2022, Mercy Drive Inc generated $33.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $31.8m during the year ending 06/2022. While expenses have increased by 17.4% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE VARIOUS SERVICES AND ADVOCATE FOR THE MENTALLY AND PHYSICALLY DISABLED.
Describe the Organization's Program Activity:
THE ORGANIZATION SERVICES MORE THAN 1000 CLIENTS.THE STAFF MEMBERS ARE TITLED AS MEDICAID SERVICECOORDINATORS.THEIR JOB IS TO ADVOCATE FOR CLIENTS SO THAT EACH OF THEM IS AFFORDED ALL THENECESSARY BENEFITS FOR MEDICAID RECIPIENTS WHO ARE EITHER PHYSICALLY OR MENTALLY CHALLENGED.THEORGANIZATION DOES NOT CHARGE THE MEDICAID RECIPIENTS.THE ORGANIZATIONS JOB IS TO EVALUATE THENEEDS OF FAMILIES BY MAKING APPOINTMENTS,ARRANGING TRANSPORTATION AND PROPER FOLLOW UP UNTILL THEAPPROPRIATE SERVICES ARE RENDERED.SOME OF THE ORGANIZATION STAFF WILL OFFER RESIDENTIALHABILITATION WHEREBY YOUNG AND ADULTS WILL BE PREPARED FOR INDEPENDENT LIVING IN VARIOUS AREASSUCH AS:DAILY LIVING ACTIVITIES,SOCIALIZATION,FRIENDS,COGNITION AND COMMUNITY INCLUSION WHERE NEWRELATIONSHIPS WILL BE CREATED WITH NEIGHBORS,FRIENDS AND FAMILY WHILE MAINTAINING EXISTINGRELATIONSHIPS.THE ORGANIZATIONS ULTIMATE GOAL IS TO PROVIDE CLIENTS WITH OPPORTUNITY TO BE ASINDEPENDENT AS POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christabella Cochran Executive Director | Trustee | 0 | $460,275 |
Hamidou Kake Member | Trustee | 1 | $0 |
Bademba Diallo Member | Trustee | 1 | $0 |
John Ayodele Member | Trustee | 1 | $0 |
Michael Dada Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,945,579 |
| 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 | $5,945,579 |
| Total Program Service Revenue | $27,716,004 |
| Investment income | $766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,816 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,673,165 |
| 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. | $536,019 |
| Compensation of current officers, directors, key employees. | $536,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,376,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,527,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,836 |
| Advertising and promotion | $602 |
| Office expenses | $79,340 |
| Information technology | $413,308 |
| Royalties | $0 |
| Occupancy | $556,366 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,703 |
| Interest | $160,437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $263,643 |
| Insurance | $550,176 |
| All other expenses | $1,913,937 |
| Total functional expenses | $31,837,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,640,367 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,884,337 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,268,856 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,989 |
| Net Land, buildings, and equipment | $8,232,837 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,000 |
| Total assets | $23,104,386 |
| Accounts payable and accrued expenses | $1,271,465 |
| 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 | $3,245,805 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,517,270 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $18,587,116 |
| 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 | $23,104,386 |
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