Umh Management Services Corp

Organization Overview

Umh Management Services Corp is located in Binghamton, NY. The organization was established in 1990. According to its NTEE Classification (P02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Umh Management Services Corp employed 36 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Umh Management Services Corp 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, Umh Management Services Corp generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. While expenses have increased by 0.2% 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

THE ORGANIZATION PERFORMS MANAGEMENT FUNCTIONS FOR THE EIGHT OTHER AFFILIATED ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CENTRALIZED MANAGEMENT FUNCTIONS AND SUPPORTIVE FINANCIAL, INFORMATION TECHNOLOGY AND ADMINISTRATIVE SRVICES FOR THE EIGHT OTHER BROTHER / SISTER RELATED AND AFFILIATED ORGANIZATIONS OF THE UNITED METHODIST HOMES WHICH PROVIDE SERVICES FOR THE FRAIL AND ILL ELDERLY. SUCH CENTRALIZED SERVICES INCLUDE QUALITY ASSURANCE, BUILDINGS AND GROUND MANAGEMENT, HUMAN RESOURCES, EMPLOYEE BENEFITS, MARKETING AND PUBLIC RELATIONS, GROUP PURCHASING, ACCOUNTING AND FINANCIAL SERVICES, BUDGETING, INFORMATION TECHNOLOGY, INSURANCE CONTRACTING, CONTRACT REVIEW AND NEGOTIATIONS, CORPORATE COMPLIANCE, AND OTHER ADMINISTRATIVE FUNCTIONS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Riger
Marketing
$260,852
Iron-tree Data Networks Inc
Networking Services
$113,997
Baker Tilly Virchow Krause Llp
Accounting And Auditing
$124,686
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $605,800
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$605,800
Total Program Service Revenue$4,589,265
Investment income $314,464
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $131,087
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,834,688

Endowment Analysis

Beg. Balance$3,101,703
Earnings$296,793
Net Contributions$38,402
Ending Balance$3,436,898

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