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Inrc Services Corp

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

EIN: 202900978 ✦ Holtsville, NY ✦ Designated as a 501(c)(3)

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Overview

What is Inrc Services Corp?

Inrc Services Corp, established in October 2005, serves as a real estate holding company. Its primary mission is to facilitate a capital lease with Island Nursing and Rehab Center, a related 501(C)(3) public charity. Located at 5537 Expressway Dr N, Holtsville, NY 11742-1316, Inrc Services Corp has been operational since May 2007, with the goal of supporting Island Nursing and Rehab Center's charitable activities. Although the description does not specify the nature of the supported services, it is clear that Inrc Services Corp plays an integral role in providing financial assistance to this nonprofit organization.

Is Inrc Services Corp legitimate?

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

Inrc Services Corp was established as a real estate holding company in October 2005, commencing operations in May 2007. The primary mission of Inrc Services Corp is to facilitate a capital lease agreement with Island Nursing and Rehab Center, a related 501(c)(3) public charity. This partnership aims to support the operations of Island Nursing and Rehab Center, a non-profit organization that provides nursing and rehabilitation services. By facilitating this capital lease, Inrc Services Corp contributes to the continuity and sustainability of Island Nursing and Rehab Center's mission to provide quality healthcare services to its community.

Who is the CEO of Inrc Services Corp?

Stuart B Almer is the Administrator/Ceo of Inrc Services Corp. The CEO's salary of Inrc Services Corp is $0 and their total compensation is $0.

What is the revenue of Inrc Services Corp?

Inrc Services Corp's revenue in 2022 was $738,127.

Who are the executives of Inrc Services Corp and what are their salaries?


Here are 8 key members and their salaries (Inrc Services Corp's CEO's salary is $0 and their total compensation is $0):


Audrey Marchand (Administrator/Ceo)
  • Compensation: $0
  • Related: $157,850
  • Other: $21,831
Bert Brodsky (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Launer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Angowitz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Noah Finkel Md (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cary Wolf (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stuart B Almer (President & Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis Viteritti (Chief Financial Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Inrc Services Corp?

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

Mission Statement of Inrc Services Corp

Inrc Services Corp, established in October 2005 as a real estate holding company, commenced its operations in May 2007. The primary mission of this corporation is to facilitate the capital lease of Island Nursing and Rehab Center, a related 501(c)(3) public charity. This mission implies that Inrc Services Corp plays a crucial role in providing financial support to Island Nursing and Rehab Center, ensuring its operations and services continue to benefit the community. By facilitating a capital lease, Inrc Services Corp essentially acts as a financial intermediary, enabling Island Nursing and Rehab Center to access the necessary capital without incurring the burden of acquiring funds on its own. This partnership between Inrc Services Corp and Island Nursing and Rehab Center is instrumental in supporting healthcare services, likely for individuals requiring nursing and rehabilitation.

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Impact




October, 2024

Inrc Services Corp plays a vital role in the healthcare landscape by facilitating a capital lease for Island Nursing and Rehab Center. Established in 2005 and beginning operations in 2007, the organization focuses on ensuring that a crucial healthcare facility is maintained and operational. By managing real estate assets associated with the nursing and rehabilitation center, Inrc Services Corp enables improved access to essential services for the community.

This impact is particularly significant in Holtsville, NY, where ensuring that quality healthcare services are available is critical. The capital lease arrangements help sustain the facility's infrastructure and operational capabilities, thereby supporting the broader mission of providing high-quality care to residents. Through its efforts, Inrc Services Corp contributes to the stability and growth of healthcare resources in the region, ultimately benefitting the local population and enhancing the overall quality of life.




This information is meant to be a general summary of Inrc Services 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
$738,127 (2022)
Expenses
$673,701 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $64
  • Program Service Revenue: $738,063
  • Gross Receipts: $738,127

Assets and Liabilities:

  • Total Assets: $12,012,698
  • Total Liabilities: $8,644,804
  • Net Assets: $3,367,894

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Programs

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

CAPITAL LEASE INTEREST

Revenue

$458,468

RENTAL INCOME

Revenue

$279,595

Organization Details

Founding Year

2005

Principal Officer

Stuart B Almer

Main Address

5537 EXPRESSWAY DR N, HOLTSVILLE, NY, 117421316

NTEE Category

Code: L11 - Housing

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