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Maine Coast Medical Realty Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010390918 ✦ Ellsworth, ME ✦ Designated as a 501(c)(3)

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Overview

What is Maine Coast Medical Realty Inc?

Maine Coast Medical Realty Inc is a nonprofit organization located at 50 Union Street, Ellsworth, Maine. Its primary mission is to support the charitable endeavors of Maine Coast Regional Health Facilities, operating under the name Northern Light Maine Coast Hospital. The organization fulfills this purpose by holding title to and generating rental income from real estate properties that serve these health facilities and their related programs. This arrangement allows the nonprofit to contribute to the overall well-being of the community by providing essential healthcare services.

Is Maine Coast Medical Realty Inc legitimate?

Maine Coast Medical Realty Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maine Coast Medical Realty Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Maine Coast Medical Realty Inc?

Maine Coast Medical Realty Inc's primary role is to maintain ownership of real estate properties, primarily for the use of Maine Coast Regional Health Facilities and their associated programs. Their main objective is to generate rental income from these properties, with the proceeds being utilized for charitable purposes aligned with the health facilities and their related programs. By managing these properties, Maine Coast Medical Realty Inc plays a crucial role in supporting the charitable activities of Maine Coast Regional Health Facilities, ultimately contributing to the betterment of the community.

Who is the CEO of Maine Coast Medical Realty Inc?

John J Doyle is the Dir/Nlh Ceo of Maine Coast Medical Realty Inc. The CEO's salary of Maine Coast Medical Realty Inc is $0 and their total compensation is $1,901,134.

What is the revenue of Maine Coast Medical Realty Inc?

Maine Coast Medical Realty Inc's revenue in 2022 was $273,903.

Who are the executives of Maine Coast Medical Realty Inc and what are their salaries?

There 5 volunteers at Maine Coast Medical Realty Inc.


Here are 11 key members and their salaries (Maine Coast Medical Realty Inc's CEO's salary is $0 and their total compensation is $1,901,134):


Timothy Dentry (Dir/Nlh Ceo)
  • Compensation: $0
  • Related: $1,840,352
  • Other: $60,782
Anthony Filer (Treasurer)
  • Compensation: $0
  • Related: $934,170
  • Other: $61,116
Glenn Martin (Secretary)
  • Compensation: $0
  • Related: $713,228
  • Other: $112,701
Charles Therrien (Former Svp & President)
  • Compensation: $0
  • Related: $482,104
  • Other: $104,672
John Ronan (President)
  • Compensation: $0
  • Related: $384,743
  • Other: $87,570
Chris D Frauenhofer (Former, Vp Finance)
  • Compensation: $0
  • Related: $288,422
  • Other: $58,106
Wendy Merchant (Vp, Finance)
  • Compensation: $0
  • Related: $281,051
  • Other: $55,704
George Eaton (Secretary)
  • Compensation: $0
  • Related: $254,686
  • Other: $42,889
Kevin Tesseo (Director/Vchair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sally J Hutchins (Director/Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Corey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Maine Coast Medical Realty Inc?

Maine Coast Medical Realty Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Maine Coast Medical Realty Inc

Maine Coast Medical Realty Inc, as a nonprofit organization, is dedicated to serving the charitable purposes of Maine Coast Regional Health Facilities, operating under the name Northern Light Maine Coast Hospital, and their related programs. Their mission involves holding the title to and collecting rental income from real estate properties that are utilized for these charitable purposes. By doing so, Maine Coast Medical Realty Inc plays a vital role in supporting the operations and programs of Northern Light Maine Coast Hospital, contributing to the overall well-being of the community.

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Impact




October, 2024

Maine Coast Medical Realty Inc plays a significant role in supporting healthcare access and services in the region by managing real property that is dedicated to the operations of Northern Light Maine Coast Hospital and its affiliated programs. By holding title to properties and collecting rental income, the organization ensures that vital healthcare facilities have the necessary resources to operate effectively. This not only helps maintain the financial stability of medical services but also enhances the overall health infrastructure in Ellsworth, Maine. Through its work, Maine Coast Medical Realty contributes to the broader goal of improving community health outcomes and facilitating access to essential medical care.




This information is meant to be a general summary of Maine Coast Medical Realty Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$273,903 (2022)
Expenses
$208,545 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $155,081
  • Program Service Revenue: $118,822
  • Gross Receipts: $278,371

Assets and Liabilities:

  • Total Assets: $174,001
  • Total Liabilities: $602,802
  • Net Assets: -$428,801

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rental Income

Revenue

$118,822

Organization Details

Founding Year

1989

Principal Officer

John J Doyle

Main Address

50 Union Street, Ellsworth, ME, 04605

NTEE Category

Code: E22I - Health

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