Newport Health Property Management Inc
- Assets
- $3.6m
- Revenue
- $388.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, RI
- Founding
- 05/1985
- Data as of
- 09/2021
- EIN
- 22-2535539
Organization Overview
Newport Health Property Management Inc is located in Newport, RI. The organization was established in 1985. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Newport Health Property 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 09/2021, Newport Health Property Management Inc generated $388.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $531.6k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEWPORT HEALTH PROPERTY MANAGEMENT (NHPM) IS OPERATED FOR THE PURPOSE OF SUPPORTING AND ENCOURAGING THE DEVELOPMENT OF COMPREHENSIVE, INTEGRATED HEALTH-CARE RELATED SERVICES FOR THE ADVANCEMENT AND WELL-BEING OF NEWPORT COUNTY, RHODE ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NHPM OWNS, OPERATES, AND MAINTAINS HEALTH CARE REAL ESTATE PROPERTIES FOR THE PURPOSE OF SUPPORTING AND ENCOURAGING THE DEVELOPMENT OF COMPREHENSIVE, INTEGRATED HEALTH-CARE RELATED SERVICES FOR THE ADVANCEMENT AND WELL-BEING OF NEWPORT COUNTY, RHODE ISLAND, CONSISTENT WITH THE MISSION OF NEWPORT HEALTH CARE CORPORATION. ALL OF THE ORGANIZATION'S PROGRAM SERVICE EXPENSES ARE FOR THIS PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary A Wakefield Treasurer- 6/21 | OfficerTrustee | 0.1 | $0 |
Paul J Adler Secretary | OfficerTrustee | 0.25 | $0 |
Nicholas P Dominick President | OfficerTrustee | 0.2 | $0 |
Jody Bishop Secretary-11/20 | OfficerTrustee | 0 | $0 |
David A Kirshner Treasurer | OfficerTrustee | 0.1 | $0 |
Timothy J Babineau MD Trustee | Trustee | 0.05 | $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 | $383,595 |
| Investment income | $775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,681 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $388,051 |
| 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 | $249,260 |
| Travel | $0 |
| 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 | $174,590 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $531,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,211 |
| 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 | $3,887 |
| Net Land, buildings, and equipment | $3,227,623 |
| Investments—publicly traded securities | $51,297 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $176,356 |
| Total assets | $3,567,374 |
| Accounts payable and accrued expenses | $40,823 |
| 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 | $40,823 |
| Net assets without donor restrictions | $3,526,551 |
| 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 | $3,567,374 |
Endowment Analysis
| Beg. Balance | $41,467 |
| Earnings | $9,830 |
| Ending Balance | $51,297 |
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|---|---|---|
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The Bridgespan Group Inc Boston, MA | $174,186,501 | $94,948,133 |
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New Profit Inc Boston, MA | $113,525,114 | $77,118,974 |
Loomis Senior Living Inc Springfield, MA | $28,913,416 | $11,456,759 |
Managed Health Resources Inc Somerville, MA | $3,938,917 | $10,079,712 |
Corporation For Public Management Springfield, MA | $4,685,257 | $9,157,820 |
Greenlight Fund Inc Boston, MA | $42,352,502 | $25,826,646 |
Technical Development Corporation Boston, MA | $3,614,028 | $4,514,934 |
Communicare Inc North Haven, CT | $1,162,731 | $3,254,470 |
Mi Management Inc Lawrence, MA | $8,237,230 | $4,245,838 |
Lean Construction Institute Inc Belmont, MA | $5,100,179 | $3,951,290 |