Hubbard Community Medical Center Inc
- Assets
- $963.1k
- Revenue
- $23.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Hubbard, IA
- Founding
- 12/2017
- Data as of
- 12/2023
- EIN
- 42-1124227
Organization Overview
Hubbard Community Medical Center Inc is located in Hubbard, IA. The organization was established in 2017. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, 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. Hubbard Community Medical Center 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 12/2023, Hubbard Community Medical Center Inc generated $23.0k 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 (26.1%) each year. All expenses for the organization totaled $42.1k during the year ending 12/2023. 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
TO PROVIDE A QUALITY PLACE FOR ANYONE ENGAGED IN THE HEALTHCARE PROFESSION TO PRACTICE THEIR TRADE SO AS TO PROMOTE QUALITY HEALTHCARE PRACTICES TO THE GENERAL PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A SAFE, CLEAN, AND WELL MAINTAINED FACILITY THE ORGANIZATION RENTS TO MEDICAL PROFESSIONALS WHO TREAT THE CITIZENS OF HUBBARD, IA AND THE SURROUNDNG COMMUNITIES FOR HEALTH RELATED ILLNESSES AND EDUCATE THEM ON PROPER HEALTHCARE PRACTICES. THE FACILITY HOUSES ONE HEALTHCARE PROFESSIONAL AT THIS TIME AND APPROXIMATELY 2,000 PEOPLE BENEFIT FROM THE EXISTENCE OF THE CLINIC. IN ORDER TO ENSURE CONTINUING ACCESS TO LOCAL HEALTHCARE SERVICES, THE BOARD OF DIRECTORS DEDICATE A SIGNIFICANT AMOUNT OF TIME PERFORMING YEAR-ROUND MAINTENANCE TO THE FACILITY TO KEEP IT IN THE BEST POSSIBLE CONDITION AND RECEIVE MONTHLY RENTAL PAYMENTS TO HELP WITH THE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Dreifke Director/president/treasurer | OfficerTrustee | 1 | $0 |
James Granzow Directors/vice President | OfficerTrustee | 1 | $0 |
Cheryl Boelman Director/ Secretary | OfficerTrustee | 5 | $0 |
Denise Martin Director | Trustee | 1 | $0 |
Kay Held Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| 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 | $15,000 |
| Total Program Service Revenue | $0 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,910 |
| 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 | $22,956 |
| 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 | $12,250 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $29,822 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $42,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,597 |
| Savings and temporary cash investments | $14,324 |
| 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 | $0 |
| Net Land, buildings, and equipment | $885,030 |
| Investments—publicly traded securities | $60,183 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $963,134 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $78,104 |
| Paid-in or capital surplus, or land, building, or equipment fund | $885,030 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $963,134 |