Overview
What is Wood County Medical Building?
The Wood County Medical Building is a facility situated at 950 West Wooster, Bowling Green, Ohio 43402. Its primary purpose is to offer medical office space for approximately 65 physicians, catering to a broad spectrum of healthcare needs within the community. The rental charges for these physicians are based on prevailing rates in the area, with the total expenses covering the direct costs associated with operating and maintaining the building as suitable medical offices. This nonprofit entity contributes significantly to the local healthcare sector by providing a conducive environment for various medical specialists to serve the general public.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 60%)
Wood County Medical Building has received a two-star rating from Charity Navigator, indicating a need for improvement in their financial accountability and governance practices. The organization achieved a combined score of 60%, reflecting both strengths and weaknesses in their operational transparency and board independence.
One of the notable strengths of the organization is its high program expense ratio of 99.73%, which suggests that nearly all of its expenses are directed toward its programs rather than administrative costs. Additionally, there were no material diversions of assets reported, indicating a solid commitment to maintaining the integrity of its resources. However, the organization faces significant challenges, particularly with regard to its governance structure, as only 33% of board members are independent, and the board consists of just one independent member.
The lack of available financial statements and critical documentation, such as the tax form on the nonprofit's website and a whistleblower policy, further detracts from their accountability score. These deficiencies suggest areas where improvement is necessary to enhance transparency and trust with stakeholders and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Wood County Medical Building legitimate?
Wood County Medical Building is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wood County Medical Building 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 Wood County Medical Building?
The Wood County Medical Building's mission is centered around providing medical office space for approximately 65 physicians, who offer a wide array of medical services to the general public. The primary objective is to facilitate access to diverse medical care for the community. The rent charged to physician tenants is determined by prevailing rates in the area, and the total expenses cover the direct costs of operating the building and maintaining it in a suitable condition for medical use.
Who is the CEO of Wood County Medical Building?
Stanley Korducki is the President of Wood County Medical Building.
What is the revenue of Wood County Medical Building?
Wood County Medical Building's revenue in 2022 was $1,104,352.
Who are the executives of Wood County Medical Building and what are their salaries?
There 1 volunteer at Wood County Medical Building.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $302,681
- Other: $27,499
- Compensation: $0
- Related: $728,673
- Other: $27,398
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $392,310
- Other: $39,549
- Compensation: $0
- Related: $176,741
- Other: $1,093
Where can I find the form 990 for Wood County Medical Building?
Wood County Medical Building's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wood County Medical Building
The Wood County Medical Building is dedicated to providing medical office space for approximately 65 physicians who offer a diverse range of medical services to the general public. Its mission is to create an environment that facilitates the delivery of healthcare, ensuring that patients have access to various medical specialists under one roof. The building charges rent to its tenant physicians based on the prevailing rates in the area, ensuring affordability and accessibility for the community. The management of the Wood County Medical Building also prioritizes maintaining the facility in excellent condition, ensuring it remains suitable for its medical office purpose.
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Impact
October, 2024
Wood County Medical Building significantly impacts the healthcare landscape in Bowling Green, Ohio, by providing essential medical office space for approximately 65 physicians. This facility enables a diverse range of medical services to be accessible to the general public, promoting community health and well-being. By offering rental rates based on prevailing market conditions, it supports physicians in maintaining their practice without substantial financial burden, fostering a stable healthcare environment.
The building's emphasis on appropriate maintenance ensures that it remains a safe and conducive space for medical professionals and their patients. This creates a reliable healthcare hub in the region, allowing for a variety of specialties to operate under one roof, thereby enhancing patient convenience and continuity of care. Overall, Wood County Medical Building plays a vital role in sustaining the local healthcare ecosystem, thereby contributing to the overall health and accessibility of medical services in the community.
This information is meant to be a general summary of Wood County Medical Building. 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: $1,103,367
- Gross Receipts: $1,104,352
Assets and Liabilities:
- Total Assets: -$82,405
- Total Liabilities: $0
- Net Assets: -$82,405
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OFFICE RENT
Revenue
$1,103,367
Organization Details
Founding Year
1975
Phone
(419) 354-8860Principal Officer
Stanley Korducki
Main Address
950 WEST WOOSTER, BOWLING GREEN, OH, 43402
NTEE Category
Code: E20 - Health
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