Heritage Ministries Management Company Inc
- Assets
- $1.9m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 106
- Location
- Gerry, NY
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 26-1590078
Organization Overview
Heritage Ministries Management Company Inc is located in Gerry, NY. The organization was established in 2008. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Heritage Ministries Management Company Inc employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Ministries Management Company 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 12/2022, Heritage Ministries Management Company Inc generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $7.9m during the year ending 12/2022. While expenses have increased by 13.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE OTHERS THROUGH CHRIST-CENTERED MINISTRIES WHICH PROMOTE HOPE, DIGNITY, AND PURPOSEFUL LIVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCOUNTING AND ADMINISTRATIVE SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Haglund President & CEO | Officer | 39 | $331,712 |
Mark Wilcox Chief Information Officer | Officer | 39 | $180,692 |
Jennifer Whitten Chief Operating Officer | Officer | 39 | $172,853 |
Danielle Bozich Chief Human Resources Officer | Officer | 39 | $159,115 |
Matthew Boswell Vice President Of Finance | 39 | $156,792 | |
Richard Whitver Pharmacist | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bonadio And Co Llp Auditing | 12/30/22 | $333,605 |
Healthpro Therapy Services Llc Therapy Services | 12/30/22 | $992,353 |
Nurseright Staffing Agency Llc Nursing Services | 12/30/22 | $806,524 |
Harvard Partners Health Staffing Services | 12/30/22 | $477,401 |
Dedicated Nursing Associates Inc Nursing Services | 12/30/22 | $533,129 |
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 | $7,844,653 |
| Investment income | $1,080 |
| 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 | $7,894,717 |
| 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. | $958,382 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,145,121 |
| Pension plan accruals and contributions | $72,752 |
| Other employee benefits | $669,716 |
| Payroll taxes | $374,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,676 |
| Fees for services: Accounting | $222,577 |
| 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 | $35,131 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,732 |
| Travel | $163,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,032 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,291 |
| Insurance | $13,660 |
| All other expenses | $38,026 |
| Total functional expenses | $7,894,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,266 |
| 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 | $27,579 |
| Net Land, buildings, and equipment | $241,931 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,209,122 |
| Total assets | $1,852,898 |
| Accounts payable and accrued expenses | $1,434,198 |
| 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 | $415,277 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,849,475 |
| Net assets without donor restrictions | $3,423 |
| 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 | $1,852,898 |