Hutsonwood Inc
- Assets
- $106.1m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Nashville, TN
- Founding
- 03/2014
- Data as of
- 06/2023
- EIN
- 45-2449379
Organization Overview
Hutsonwood Inc is located in Nashville, TN. The organization was established in 2014. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2023, Hutsonwood Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hutsonwood 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, Hutsonwood Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $4.6m during the year ending 06/2023. While expenses have increased by 8.0% 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
SUPPORTING ORGANIZATION FOR EXEMPT GROUP PROVIDING SENIOR HOUSING AND HEALTH CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND SUPERVISION OF EXEMPT GROUP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/president | OfficerTrustee | 23 | $481,362 |
Name Not Listed Director/chairman | Trustee | 9 | $136,250 |
Name Not Listed Director | Trustee | 4 | $83,250 |
Name Not Listed Director | Trustee | 4 | $77,500 |
Name Not Listed Director | Trustee | 4 | $64,250 |
Name Not Listed Director | Trustee | 4 | $75,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer Consulting Llc Accounting Services | 6/29/23 | $819,500 |
Crowe Llp Accounting Services | 6/29/23 | $271,184 |
Lbmc Employment Partners Llc Payroll Services | 6/29/23 | $395,291 |
Forvis Llp Accounting Services | 6/29/23 | $112,180 |
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 | $4,490,549 |
| Investment income | $2,373,161 |
| 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 | $6,868,935 |
| 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. | $1,836,011 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $490,927 |
| Pension plan accruals and contributions | $35,540 |
| Other employee benefits | $220,584 |
| Payroll taxes | $116,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,173 |
| Fees for services: Accounting | $908,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,625 |
| Fees for services: Other | $481,118 |
| Advertising and promotion | $0 |
| Office expenses | $154,631 |
| Information technology | $28,047 |
| Royalties | $0 |
| Occupancy | $86,303 |
| Travel | $72,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,756 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,751 |
| Insurance | $79,257 |
| All other expenses | $580 |
| Total functional expenses | $4,627,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,073,099 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,500 |
| 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 | $561,136 |
| Net Land, buildings, and equipment | $25,431 |
| Investments—publicly traded securities | $55,524,342 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,897,944 |
| Total assets | $106,119,452 |
| Accounts payable and accrued expenses | $286,488 |
| 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 | $286,488 |
| Net assets without donor restrictions | $105,832,964 |
| 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 | $106,119,452 |