Mhnu Corporation
- Assets
- $29.7m
- Revenue
- $22.2m
- Investments
- $5.0m
- Employees
- 115
- Location
- Chicago, IL
- Founding
- 10/2010
- Data as of
- 12/2022
- EIN
- 80-0445929
Organization Overview
Mhnu Corporation is located in Chicago, IL. The organization was established in 2010. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Mhnu Corporation employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mhnu Corporation 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 12/2022, Mhnu Corporation generated $22.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $23.2m during the year ending 12/2022. While expenses have increased by 10.5% 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.
Since 2016, Mhnu Corporation has awarded 31 individual grants totaling $1,043,565. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BY ORGANIZING A FORMAL HEALTHCARE PROVIDER COLLABORATIVE, MHNU'S MISSION IS TO IMPROVE THE HEALTH OF MEDICAID RECIPIENTS IN CHICAGO BY ENHANCING CARE (CONTINUED)
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISH CONNECTIVITY THROUGH VIRTUAL INTEGRATION OF THE MHNU PROVIDERS TO LEVERAGE THE VALUE OF HEALTH INFORMATION TECHNOLOGY TO FACILITATE IMPROVED CARE COORDINATION, IMPROVED CLINICAL DECISION SUPPORT AND POPULATION MANAGEMENT ACTIVITY.
DEVELOP A PROVIDER-DRIVEN, PATIENT-CENTERED ORGANIZATION THAT ESTABLISHES A FRAMEWORK AND INFRASTRUCTURE FOR INITIATIVES THAT IMPROVE THE HEALTH STATUS AND PATIENT EXPERIENCE OF THE TARGET POPULATION. DEVELOP A LEARNING ORGANIZATION AND DOCUMENT SUCCESSES TO BECOME A BLUEPRINT FOR REPLICATION AND GEOGRAPHIC EXPANSION.
PROMOTE AND ENABLE PERFORMANCE-BASED REIMBURSEMENT STRATEGIES FOR NETWORK PROVIDERS THAT WILL ENCOURAGE ACCOUNTABILITY AND REWARD EFFICIENCY, ACCESS, QUALITY AND COMPREHENSIVE CARE MANAGEMENT WHILE REDUCING OR CONTROLLING COST OF CARE FOR THE TARGET POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Lulias President & CEO | OfficerTrustee | 40 | $807,117 |
Dr Arthur Jones Director/chief Medical Officer | OfficerTrustee | 26 | $395,321 |
Gail Vijuk Controller/cco | Officer | 40 | $356,420 |
Tina Spector VP Of Clinical Integration | 40 | $330,771 | |
Todd Burkard VP Of Data Analytics | 40 | $326,570 | |
Misty Drake VP Client Services And Growth | 40 | $313,072 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Safety Net Connect Inc Data Management | 12/30/22 | $921,561 |
Texture Health Llc Data Management | 12/30/22 | $2,410,047 |
Wanxiang Sterling Stetson Owner Ll Rent | 12/30/22 | $666,812 |
Mcclain Canoy Llc Legal Services | 12/30/22 | $463,936 |
Closed Loop Ai Inc Data Management | 12/30/22 | $514,000 |
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 | $49,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,975 |
| Total Program Service Revenue | $22,101,881 |
| Investment income | $78,672 |
| 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 | $22,230,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,500 |
| 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. | $1,817,785 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,657,929 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $812,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,172,567 |
| Fees for services: Accounting | $206,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,520 |
| Fees for services: Other | $4,938,939 |
| Advertising and promotion | $199,377 |
| Office expenses | $137,523 |
| Information technology | $269,540 |
| Royalties | $0 |
| Occupancy | $721,912 |
| Travel | $85,020 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,063 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $413,589 |
| Insurance | $125,569 |
| All other expenses | $62,686 |
| Total functional expenses | $23,214,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,004,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,292,230 |
| 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 | $859,823 |
| Net Land, buildings, and equipment | $431,335 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,025,000 |
| Investments—program-related | $0 |
| Intangible assets | $796,945 |
| Other assets | $6,329,202 |
| Total assets | $29,738,749 |
| Accounts payable and accrued expenses | $1,113,854 |
| Grants payable | $0 |
| Deferred revenue | $51,003 |
| 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 | $2,753,393 |
| Total liabilities | $3,918,250 |
| Net assets without donor restrictions | $25,820,499 |
| 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 | $29,738,749 |
Grants Awarded
Over the last fiscal year, Mhnu Corporation has awarded $107,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
EQUAL HOPE PURPOSE: Support organization initiatives | $7,500 |
SARGENT SHRIVER NATIONAL CENTER ON PROPERTY LAW PURPOSE: Support organization initiatives | $50,000 |
LEGAL COUNCIL FOR HEALTH JUSTICE PURPOSE: Support organization initiatives | $30,000 |
COMMUNITY HEALTH PURPOSE: Support organization initiatives | $10,000 |
BLACK GIRLS BREAK BREAD PURPOSE: Support Organization Initiatives | $10,000 |