Quality Management Associates Inc
- Assets
- $7.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 40
- Location
- Palmyra, NJ
- Founding
- 08/1994
- Data as of
- 06/2023
- EIN
- 23-2714911
Organization Overview
Quality Management Associates Inc is located in Palmyra, NJ. The organization was established in 1994. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2023, Quality Management Associates Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quality Management Associates 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 06/2023, Quality Management Associates Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 18.6% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE GROUP HOMES FOR DEVELOPMENTALLY DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROUP HOMES FOR DISABLED UNDER DDD CONTRACT.
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 |
|---|---|---|---|
John Barnes COO | OfficerTrustee | 10 | $0 |
James Blair Vice Preside | OfficerTrustee | 10 | $0 |
Sean Conley CFO | OfficerTrustee | 10 | $0 |
Eugenia Drobit President | OfficerTrustee | 10 | $0 |
Elizabeth Drobit-Blair CEO | OfficerTrustee | 10 | $0 |
Victoria Friedman Board Member | Trustee | 10 | $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 | $7,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,000 |
| Total Program Service Revenue | $1,714,857 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,853 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,797,710 |
| 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 | $888,411 |
| Pension plan accruals and contributions | $20,731 |
| Other employee benefits | $117,807 |
| Payroll taxes | $88,469 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,384 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,453 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,739 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $304,790 |
| Insurance | $25,202 |
| All other expenses | $11,973 |
| Total functional expenses | $1,684,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,185,737 |
| Savings and temporary cash investments | $1,013,780 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,535 |
| 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 | $2,851,398 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,109,450 |
| Accounts payable and accrued expenses | $117,489 |
| Grants payable | $7,322 |
| 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 | $2,940,510 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,044,442 |
| Total liabilities | $4,109,763 |
| Net assets without donor restrictions | $2,999,687 |
| 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 | $7,109,450 |