H & T Medicals Inc
- Assets
- $2.6m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 112
- Location
- Cranston, RI
- Founding
- 09/1991
- Data as of
- 12/2023
- EIN
- 05-0456234
Organization Overview
H & T Medicals Inc is located in Cranston, RI. The organization was established in 1991. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, H & T Medicals Inc employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H & T Medicals 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, H & T Medicals Inc generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. 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
HEALTHCARE TO THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TEMPORARY HEALTH SERVICES, HOMEMAKING SERVICE, TRANSPORTATION, AND DAYCARE SERVICES TO THE ELDERLY AND HANDICAPPED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Annan President | OfficerTrustee | 40 | $286,077 |
Delores Annan Secretary | OfficerTrustee | 40 | $140,577 |
Titus Agbelese Director | Trustee | 40 | $63,641 |
Dr Elizeu Lima Director | Trustee | $0 | |
Margaret Vaccaro Director | Trustee | $0 |
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 | $2,536,670 |
| Investment income | $123,676 |
| 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 | $2,660,346 |
| 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. | $490,295 |
| Compensation of current officers, directors, key employees. | $388,187 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,831,727 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,569 |
| Payroll taxes | $185,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,211 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,028 |
| Information technology | $12,748 |
| Royalties | $0 |
| Occupancy | $48,419 |
| Travel | $3,368 |
| 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 | $6,313 |
| Insurance | $27,114 |
| All other expenses | $0 |
| Total functional expenses | $2,700,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $736,368 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,205 |
| 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 | $8,053 |
| Net Land, buildings, and equipment | $10,315 |
| Investments—publicly traded securities | $1,633,691 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,557,632 |
| Accounts payable and accrued expenses | $8,321 |
| 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 | $227,081 |
| Total liabilities | $235,402 |
| Net assets without donor restrictions | $2,322,230 |
| 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 | $2,557,632 |