H-C Management Services Inc
- Assets
- $61.1k
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Holyoke, MA
- Founding
- 03/1986
- Data as of
- 09/2023
- EIN
- 22-2515981
Organization Overview
H-C Management Services Inc is located in Holyoke, MA. The organization was established in 1986. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H-C Management Services 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 09/2023, H-C Management Services Inc generated $4.9m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE, HOLD, MANAGE, MAINTAIN, DEVELOP, AND/OR DISPOSE OF REAL PROPERTY ON BEHALF OF AFFILIATED TAX-EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
H-C MANAGEMENT SERVICES, INC. (HCM) OWNED AND OPERATED AN EMERGENCY DEPARTMENT MEDICAL OFFICE BUILDING FOR THE BENEFIT OF ITS SUPPORTED ORGANIZATIONS. THE BUILDING QUALIFIED FOR THE NEW MARKET TAX CREDIT (NMTC) DURING CONSTRUCTION DUE TO ITS POTENTIAL FOR CREATING NEW JOBS AND MEETING THE HEALTHCARE NEEDS OF THE COMMUNITY. IT INCLUDED AN EMERGENCY ROOM, ANCILLARY DEPARTMENTS, AND MEDICAL OFFICE SPACE. DURING THE PERIOD COVERED BY THIS TAX RETURN, HOLYOKE MEDICAL CENTER, A RELATED, SUPPORTED ORGANIZATION, FORGAVE ALL EXISTING DEBT ON THE OFFICE BUILDING, CANCELLED THE LEASE BETWEEN THE MEDICAL CENTER AND HCM, AND ASSUMED OWNERSHIP OF THE BUILDING FROM HCM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Cameron Director | Trustee | 0.5 | $0 |
Carl Eger Director | Trustee | 0.5 | $0 |
Dr Robert Fishman Director | Trustee | 0.5 | $0 |
Jeff Hayden Chair | OfficerTrustee | 0.5 | $0 |
Spiridon E Hatiras President & Ceo, Clerk | OfficerTrustee | 2.5 | $0 |
Dean Vitarisi Treasurer & CFO | OfficerTrustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
G Green Construction Co Inc General Contractors | 9/29/17 | $12,249,533 |
Smrt Inc Architect/engineer | 9/29/17 | $214,879 |
G Green Construction Co Inc General Contractors | 9/29/17 | $12,249,533 |
Smrt Inc Architect/engineer | 9/29/17 | $214,879 |
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 | $25,027 |
| Investment income | $17 |
| 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 | $4,867,099 |
| 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 | $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 | $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 | $56,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,810 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $202,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,116 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,116 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $61,116 |
| 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 | $61,116 |