Requipment Durable Medical Equipment Reuse Program
- Assets
- $323.1k
- Revenue
- $829.5k
- Investments
- $0.0
- Employees
- 14
- Location
- Woburn, MA
- Founding
- 06/2016
- Data as of
- 06/2024
- EIN
- 47-5344439
Organization Overview
Requipment Durable Medical Equipment Reuse Program is located in Woburn, MA. The organization was established in 2016. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2024, Requipment Durable Medical Equipment Reuse Program employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Requipment Durable Medical Equipment Reuse Program 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 06/2024, Requipment Durable Medical Equipment Reuse Program generated $829.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $753.4k during the year ending 06/2024. While expenses have increased by 17.4% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE INDEPENDENCE FOR THE INDIVIDUAL WITH A DISABILITY OR ELDER THROUGH ACCESS TO FREE REFURBISHED DURABLE MEDICAL EQUIPMENT AND ASSISTIVE TECHNOLOGY FOR HOME, COMMUNITY, SCHOOL OR WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REQUIPMENT IS AN EQUIPMENT REUSE PROGRAM THAT PROVIDES INDIVIDUALS AND FAMILIES IN MASSACHUSETTS WITH GENTLY USED, REFURBISHED DURABLE MEDICAL EQUIPMENT (DME) AND ASSISTIVE TECHNOLOGY (AT). THE REQUIPMENT REUSE PROGRAM LAUNCHED IN 2013, WITH PRIVATE AND STATE AGENCY FUNDING, WITH THE MISSION TO PROVIDE ADULTS, SENIORS AND FAMILIES WITH EASY ACCESS TO QUALITY GENTLY USED DME AND TO SAVE VALUABLE EQUIPMENT FROM ENDING UP IN LANDFILLS.THROUGH REQUIPMENT, PEOPLE WITH DISABILITIES AND SENIORS CAN FIND REFURBISHED POWER AND MANUAL WHEELCHAIRS, SCOOTERS, SHOWER CHAIRS, TUB SEATS AND DEVICES TO ASSIST THEM TO LIVE SAFER AND MORE INDEPENDENTLY IN THEIR COMMUNITY. EQUIPMENT IS PROVIDED AT NO CHARGE AND WITHOUT THE HASSLES OF MEDICAL INSURANCE OR DOCTOR'S LETTERS. REQUIPMENT'S COMMUNITY-BASED REUSE PARTNERS ACCEPT DME DONATIONS, REFURBISH AND DELIVER ITEMS STATEWIDE. REQUIPMENT PROVIDES A MUCH-NEEDED CENTRALIZED SERVICE FOR GIVING DONATED DME AND AT A USEFUL SECOND LIFE WITH PEOPLE WHO NEED IT. DURING FY 2024, REQUIPMENT COORDINATED THE REFURBISHMENT AND DELIVERY OF 2,019 ITEMS WITH AN ESTIMATED VALUE OF $3.2 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Langley Current President/former CEO | OfficerTrustee | 37.5 | $62,081 |
Adriana Mallozzi CEO | Officer | 37.5 | $0 |
Karen Bureau Vice President | OfficerTrustee | 2 | $0 |
Michael Kennedy Treasurer | OfficerTrustee | 1 | $0 |
Thomas Murphy Clerk | OfficerTrustee | 1 | $0 |
Wanda Santos Board Member | Trustee | 1 | $0 |
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 | $40,424 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,424 |
| Total Program Service Revenue | $788,058 |
| Investment income | $980 |
| 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 | $829,462 |
| 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. | $59,558 |
| Compensation of current officers, directors, key employees. | $41,691 |
| Compensation to disqualified persons | $328,757 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,868 |
| Payroll taxes | $37,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $156 |
| Fees for services: Accounting | $42,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,027 |
| Advertising and promotion | $18,068 |
| Office expenses | $19,927 |
| Information technology | $31,697 |
| Royalties | $0 |
| Occupancy | $41,743 |
| Travel | $36,683 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,191 |
| Insurance | $7,793 |
| All other expenses | $48,018 |
| Total functional expenses | $753,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,277 |
| Savings and temporary cash investments | $76,224 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,066 |
| 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 | $6,859 |
| Net Land, buildings, and equipment | $88,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $323,123 |
| Accounts payable and accrued expenses | $40,303 |
| 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 | $27,161 |
| Unsecured mortgages and notes payable | $21,578 |
| Other liabilities | $0 |
| Total liabilities | $89,042 |
| Net assets without donor restrictions | $234,081 |
| 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 | $323,123 |