Medical Loan Closet Of Henderson County Inc
- Assets
- $371.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hendersonville, NC
- Founding
- 01/2009
- Data as of
- 12/2021
- EIN
- 26-2933780
Organization Overview
Medical Loan Closet Of Henderson County Inc is located in Hendersonville, NC. The organization was established in 2009. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Loan Closet Of Henderson County 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 12/2021, Medical Loan Closet Of Henderson County Inc generated $127.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $101.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE PROVISION OF DURABLE MEDICAL EQUIPMENT ON A LOAN BASIS TO APPROXIMATELY 2,419 CLIENTS PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Graham Executive Di | 36 | $26,500 | |
Joshua Thomsen Secretary | 3 | $0 | |
John Farren President | 3 | $0 | |
Julie Osteen Treasurer | 3 | $0 | |
Mark Broadway Board Member | 1 | $0 | |
Karen Smith Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,379 |
| Total Program Service Revenue | $83,901 |
| Membership dues | $0 |
| Investment income | $48 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,527 |
| Other Revenue | $0 |
| Total Revenue | $127,855 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,085 |
| Professional fees and other payments to independent contractors | $900 |
| Occupancy, rent, utilities, and maintenance | $10,603 |
| Printing, publications, postage, and shipping | $1,326 |
| Other expenses | $51,897 |
| Total expenses | $101,811 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,295 |
| Other assets | $0 |
| Total assets | $371,317 |
| Total liabilities | $5,036 |
| Net assets or fund balances | $366,281 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Medical Loan Closet Of Henderson County Inc has recieved totaling $22,117.
| Awarding Organization | Amount |
|---|---|
Henderson County United Way Inc Hendersonville, NC PURPOSE: GENERAL SUPPORT | $22,079 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Augusta Medical Group Fishersville, VA | $6,939,419 | $62,512,454 |
Community Ancillary Services Inc Gray, GA | $30,792,192 | $79,626,521 |
Blue Ridge Healthcare Medical Group Inc Morganton, NC | $29,518,541 | $62,090,684 |
Rural Health Group Inc Roanoke Rapids, NC | $39,335,445 | $53,812,682 |
Alliant Health Solutions Inc Atlanta, GA | $35,899,821 | $40,943,922 |
Duke Integrated Network Inc Durham, NC | $2,381,377 | $12,476,427 |
Vine International Inc Knoxville, TN | $268,672 | $13,371,180 |
Generations Health Association Inc Mcminnville, TN | $13,336,453 | $14,398,370 |
Lsa Pharmacy Inc Salisbury, NC | $13,077,982 | $7,537,503 |
Arlington Free Clinic Inc Arlington, VA | $10,623,564 | $5,707,203 |
Fredericksburg Area Regional Health Council Inc Fredericksburg, VA | $3,229,753 | $4,303,398 |
Whole Womans Advocacy Alliance Charlottesville, VA | $2,944,404 | $5,509,310 |