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Mmc Realty Corp

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

EIN: 010434215 ✦ Portland, ME ✦ Designated as a 501(c)(3)

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Overview

What is Mmc Realty Corp?

Mmc Realty Corp is a nonprofit organization established with the primary objective of supporting MaineHealth, a non-profit institution. Located in Portland, Maine, Mmc Realty Corp specializes in managing and overseeing real estate matters for the benefit of MaineHealth. Its activities encompass acquiring, holding, maintaining, developing, and disposing of properties. The organization serves to advance the interests of MaineHealth, maintaining a strong connection with its mission.

Is Mmc Realty Corp legitimate?

Mmc Realty Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mmc Realty Corp 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 Mmc Realty Corp?

MMC Realty Corp was established with the primary objective of supporting MaineHealth, a non-profit institution. Its mission is to engage in various real estate activities, such as acquisition, management, maintenance, development, and disposal, all with the aim of benefiting MaineHealth. The corporation operates with a focus on promoting the lawful interests of MaineHealth, thereby serving as a connection to this institution.

Who is the CEO of Mmc Realty Corp?

Joel Botler Md is the Regional Cmo So. Region/ Trustee of Mmc Realty Corp.

What is the revenue of Mmc Realty Corp?

Mmc Realty Corp's revenue in 2022 was $3,042,410.

Who are the executives of Mmc Realty Corp and what are their salaries?


Here are 6 key members and their salaries:


Jeffrey Sanders (Regional Pres.So.Region/ Board Pres.)
  • Compensation: $0
  • Related: $1,220,928
  • Other: $93,954
Lugene Inzana (Cfo Mmc / Board Treasurer)
  • Compensation: $0
  • Related: $867,655
  • Other: $53,882
Jennifer Mccarthy (Coo, Mmc/ Trustee)
  • Compensation: $0
  • Related: $717,867
  • Other: $30,326
Joel Botler Md (Regional Cmo So. Region/ Trustee)
  • Compensation: $0
  • Related: $816,272
  • Other: $115,840
Maureen Van Benthuysen (Cao Service Lines, Mmc/ Trustee)
  • Compensation: $0
  • Related: $577,510
  • Other: $85,060
Beth A Kelsch (Gen. Counsel, Mh/ Board Secretary)
  • Compensation: $0
  • Related: $539,809
  • Other: $73,751
Where can I find the form 990 for Mmc Realty Corp?

Mmc Realty Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Mmc Realty Corp

MMC Realty Corp, a corporation established primarily to serve MaineHealth, a non-profit institution, is dedicated to advancing its lawful interests. The corporation's mission is centered around acquiring, managing, maintaining, developing, and disposing of real estate for the betterment of MaineHealth. By fulfilling this role, MMC Realty Corp aims to maintain a beneficial and connected relationship with MaineHealth, ultimately contributing to its overall success. The corporation operates with a focus on promoting the interests of its affiliated non-profit institution, ensuring its growth and well-being through strategic real estate management.

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Impact




October, 2024

Mmc Realty Corp plays a crucial role in enhancing the operational capabilities and physical infrastructure of MaineHealth by effectively managing real estate assets. By acquiring, holding, and developing properties, Mmc Realty Corp ensures that MaineHealth has the necessary facilities to deliver quality healthcare services. This strategic approach facilitates the growth and expansion of healthcare services in the region, ultimately benefiting the community's health and well-being.

Operating from Portland, ME, Mmc Realty Corp helps maintain a focus on maximizing the value and utility of real property in support of MaineHealth's mission. Its activities contribute to the stability and sustainability of healthcare services, allowing MaineHealth to adapt and respond to the evolving needs of the populations it serves. Overall, Mmc Realty Corp's impact extends beyond property management; it helps create an effective environment for health service delivery, fostering a healthier community.




This information is meant to be a general summary of Mmc Realty Corp. 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
$3,042,410 (2022)
Expenses
$1,520,833 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $3,042,410
  • Gross Receipts: $3,042,410

Assets and Liabilities:

  • Total Assets: $47,624,601
  • Total Liabilities: $5,965,377
  • Net Assets: $41,659,224

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Programs

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

Rental Income

Revenue

$2,460,893

Rental Income - Nonres

Revenue

$581,517

Organization Details

Founding Year

1987

Principal Officer

Joel Botler Md

Main Address

22 Bramhall Street, Portland, ME, 04102

NTEE Category

Code: E110 - Health

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