Overview
What is Exeter Med Real Inc?
Exeter Med Real Inc is a 501(c)(25) not-for-profit organization, headquartered in Exeter, New Hampshire. Its primary role is to manage and hold real estate assets, primarily land and buildings, on behalf of Exeter Health Resources Inc., a related 501(c)(3) organization, and its subsidiaries. The proceeds from these real estate assets are then distributed to these entities. Exeter Med Real Inc serves as a crucial resource for Exeter Health Resources Inc., contributing to its overall operations and growth.
Is Exeter Med Real Inc legitimate?
Exeter Med Real Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Exeter Med Real 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
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What is the mission statement of Exeter Med Real Inc?
Exeter Med Real Inc, as a not-for-profit subsidiary of Exeter Health Resources, Inc., primarily focuses on managing real estate assets. It holds and leases land and buildings to various entities under Exeter Health Resources, Inc. and its subsidiaries. The main objective of Exeter Med Real Inc is to serve as a section 501(c)(25) organization, with the primary function of holding property titles and distributing the income derived from these properties to Exeter Health Resources, Inc., a related 501(c)(3) organization. This arrangement benefits both Exeter Med Real Inc and its affiliated entities by providing them with necessary real estate facilities while generating income for the related non-profit organization.
Who is the CEO of Exeter Med Real Inc?
Debra Cresta is the Trustee of Exeter Med Real Inc.
What is the revenue of Exeter Med Real Inc?
Exeter Med Real Inc's revenue in 2022 was $7,393,186.
Who are the executives of Exeter Med Real Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $359,277
- Other: $7,749
- Compensation: $0
- Related: $935,187
- Other: $34,467
- Compensation: $0
- Related: $1,480,567
- Other: $33,578
- Compensation: $0
- Related: $597,217
- Other: $39,973
- Compensation: $0
- Related: $455,094
- Other: $45,072
- Compensation: $0
- Related: $232,024
- Other: $40,566
Where can I find the form 990 for Exeter Med Real Inc?
Exeter Med Real Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Exeter Med Real Inc
Exeter Med Real, Inc., as a not-for-profit entity, is dedicated to serving the interests of Exeter Health Resources, Inc. and its subsidiaries. Its mission is centered around managing and holding real estate assets, specifically owning and leasing land and buildings to these affiliated organizations. By doing so, Exeter Med Real, Inc. plays a crucial role in ensuring the operational needs of its parent company are met, thereby contributing to their collective success. Organized under section 501(c)(25), this organization's sole purpose is to maintain property titles and distribute the resulting income to Exeter Health Resources, Inc., a related 501(c)(3) organization. Exeter Med Real, Inc.'s mission is to provide essential infrastructure support to its affiliated entities, helping them operate efficiently and effectively in their respective fields.
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Impact
October, 2024
Exeter Med Real Inc significantly impacts the healthcare landscape in Exeter, NH, by strategically managing real estate assets that support Exeter Health Resources, Inc. and its subsidiaries. By owning and leasing land and buildings, Exeter Med Real ensures that these healthcare entities have the necessary facilities to provide services to the community effectively.
This management of real estate not only facilitates operational efficiency but also contributes to the financial stability of the healthcare system. The income generated from these properties allows for the reinvestment into healthcare services, improving access and quality of care for residents. Moreover, by focusing on community improvement, Exeter Med Real enhances the overall well-being of the local population, supporting the broader mission of promoting health in the region.
This information is meant to be a general summary of Exeter Med Real 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $7,393,186
- Gross Receipts: $7,393,186
Assets and Liabilities:
- Total Assets: $47,047,072
- Total Liabilities: $467,083
- Net Assets: $46,579,989
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$7,389,817
Cash Discounts
Revenue
$3,369
Organization Details
Founding Year
1989
Phone
(603) 580-6751Principal Officer
Debra Cresta
Main Address
5 Alumni Drive, Exeter, NH, 03833
NTEE Category
Code: S47 - Community improvement
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