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Medical Loan Closet Of Henderson County Inc

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

EIN: 262933780 ✦ Hendersonville, NC ✦ Designated as a 501(c)(3)

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Overview

What is Medical Loan Closet Of Henderson County Inc?

Medical Loan Closet of Henderson County Inc is a nonprofit organization that offers affordable durable medical equipment to residents of Henderson County on a temporary basis. By lending out this essential equipment, they assist over 2,400 clients annually, helping alleviate the financial burden that comes with acquiring such equipment. Their mission is to provide low-cost access to necessary medical equipment, demonstrating a commitment to community support.


Official website here: www.medicalloancloset.org

Is Medical Loan Closet Of Henderson County Inc legitimate?

Medical Loan Closet Of Henderson County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medical Loan Closet Of Henderson County Inc submitted a form 990EZ, 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.


Official website here: www.medicalloancloset.org

What is the mission statement of Medical Loan Closet Of Henderson County Inc?

Medical Loan Closet Of Henderson County Inc operates with the mission of providing durable medical equipment at a low cost to individuals in need, primarily residing in Henderson County, on a short-term basis. The organization assists over 2,400 clients annually by lending out such equipment on a loan basis. In essence, Medical Loan Closet Of Henderson County Inc serves as a vital resource for individuals who require temporary use of medical equipment, thus alleviating potential financial burdens.


Official website here: www.medicalloancloset.org

Who is the CEO of Medical Loan Closet Of Henderson County Inc?

John Farren is the President of Medical Loan Closet Of Henderson County Inc.


Official website here: www.medicalloancloset.org

What is the revenue of Medical Loan Closet Of Henderson County Inc?

Medical Loan Closet Of Henderson County Inc's revenue in 2022 was $125,918.


Official website here: www.medicalloancloset.org

Who are the executives of Medical Loan Closet Of Henderson County Inc and what are their salaries?


Here are 9 key members and their salaries:


John Farren (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joshua Thomsen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Osteen (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
B Diane Ballard (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Broadway (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Dewitt (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stanley Walker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Graham (Executive Di)
  • Compensation: $28,500
  • Related: $0
  • Other: $0


Official website here: www.medicalloancloset.org

Where can I find the form 990EZ for Medical Loan Closet Of Henderson County Inc?

Medical Loan Closet Of Henderson County Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.medicalloancloset.org

Learn more at the official website: www.medicalloancloset.org

Mission Statement of Medical Loan Closet Of Henderson County Inc

Medical Loan Closet of Henderson County is an organization that extends a helping hand to residents in need, specifically by lending durable medical equipment at affordable prices. This nonprofit serves over 2,400 clients annually, ensuring that individuals in the county have access to necessary equipment on a short-term basis. By offering durable medical equipment on a loan basis, Medical Loan Closet of Henderson County plays a vital role in supporting individuals who may otherwise struggle to afford these essential items. The organization's mission is to make a significant impact on the lives of those in need, providing them with the resources they require to manage their health and wellbeing.

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Impact




October, 2024

The Medical Loan Closet of Henderson County provides a vital service, lending durable medical equipment to over 2,400 residents each year who require it on a short-term basis. By offering necessary medical supplies at low cost, this organization ensures that individuals facing health challenges can maintain their independence and quality of life during difficult times. The accessibility of such equipment helps reduce financial barriers and enhances the overall well-being of the community, allowing residents to manage their health needs effectively without the burden of high expenses associated with purchasing equipment outright. As a result, the Medical Loan Closet fosters a supportive environment where health and recovery can be prioritized, significantly impacting the lives of many in Henderson County.




This information is meant to be a general summary of Medical Loan Closet Of Henderson County 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
$125,918 (2022)
Expenses
$96,766 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $11
  • Program Service Revenue: $85,464
  • Gross Receipts: $126,262

Assets and Liabilities:

  • Total Assets: $401,734
  • Total Liabilities: $6,301
  • Net Assets: $395,433

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Organization Details

Principal Officer

John Farren

Main Address

1225 SEVENTH AVENUE EAST, HENDERSONVILLE, NC, 287922609

NTEE Category

Code: E60 - Health

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