Mcgregor Pace
- Assets
- $28.8m
- Revenue
- $59.7m
- Investments
- $0.0
- Employees
- 310
- Location
- Cleveland, OH
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 31-1495382
Organization Overview
Mcgregor Pace is located in Cleveland, OH. The organization was established in 1997. 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 12/2023, Mcgregor Pace employed 310 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcgregor Pace 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 12/2023, Mcgregor Pace generated $59.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $56.7m during the year ending 12/2023. While expenses have increased by 10.3% per year over the past 9 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
PROVIDE COMPREHENSIVE MEDICAL & SOCIAL SERVICES TO CERTAIN FRAIL, COMMUNITY-DWELLING ELDERLY INDIVIDUALS, WITH A SERVICE GOAL FOR AS MANY AS POSSIBLE TO REMAIN IN THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCGREGOR PACE (PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY) ENABLES LOW-INCOME SENIORS IN THE GREATER CLEVELAND AREA TO AGE AT HOME RATHER THAN IN A RESIDENTIAL CARE FACILITY. THE PROGRAM IS BASED ON THE BELIEF THAT IT IS BETTER FOR THE WELL-BEING OF SENIORS WITH CHRONIC CARE NEEDS AND THEIR FAMILIES TO BE SERVED IN THE COMMUNITY WHENEVER POSSIBLE. THE PROGRAM PROVIDES ALL INCLUSIVE HEALTHCARE THROUGH AN ON SITE CLINIC AND COMMUNITY OF PHYSICIANS AND PARTICIPATION AT THE ADULT DAY CARE CENTER INCLUDING MEALS, SUPERVISION & ACTIVITIES. THE PROGRAM SERVES MORE THAN 650 SENIORS ON A DAILY BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Conn CEO | Officer | 12 | $0 |
Jennifer Hayes Cfo/assistant Treasurer | Officer | 20 | $0 |
Tangi Mccoy CEO | Officer | 40 | $245,009 |
Svetlana Dicesare Cso | 40 | $157,184 | |
Teresa Evans-Guyton Nurse Practitioner | 40 | $119,792 | |
Scott Massien Physician | 20 | $129,231 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Hospitals Contract Labor | 12/30/23 | $896,200 |
Tabula Rasa Healthcare Software | 12/30/23 | $9,237,404 |
Carekinesis Pharmacy | 12/30/23 | $737,995 |
John G Johnson Construction Compan Construction | 12/30/23 | $2,157,898 |
The Metrohealth System Mds Services | 12/30/23 | $220,610 |
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 | $58,924,676 |
| Investment income | $730,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,199 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,698,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000,000 |
| 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. | $260,376 |
| Compensation of current officers, directors, key employees. | $20,180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,718,955 |
| Pension plan accruals and contributions | $120,147 |
| Other employee benefits | $580,371 |
| Payroll taxes | $925,737 |
| Fees for services: Management | $1,263,770 |
| Fees for services: Legal | $13,448 |
| 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 | $3,524,848 |
| Advertising and promotion | $161,010 |
| Office expenses | $197,291 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $268,900 |
| Travel | $129,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,499 |
| Interest | $97,623 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $727,434 |
| Insurance | $250,302 |
| All other expenses | $188,348 |
| Total functional expenses | $56,654,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $619,390 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $749,167 |
| 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 | $686,759 |
| Net Land, buildings, and equipment | $13,947,616 |
| Investments—publicly traded securities | $12,784,580 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,475 |
| Total assets | $28,803,987 |
| Accounts payable and accrued expenses | $7,796,675 |
| Grants payable | $0 |
| Deferred revenue | $2,336,313 |
| 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 | $4,398,947 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,350 |
| Total liabilities | $14,570,285 |
| Net assets without donor restrictions | $14,233,702 |
| 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 | $28,803,987 |
Grants Awarded
Over the last fiscal year, Mcgregor Pace has awarded $2,000,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE MCGREGOR FOUNDATION PURPOSE: To Support Programs | $1,315,333 |
MCGREGOR SENIOR ASSISTED LIVING INC PURPOSE: To Support Programs | $684,667 |