Overview
What is Hubbard Health Systems Real Estate Inc?
Hubbard Health Systems Real Estate Inc is a nonprofit organization that primarily serves to support its sole member, Webster Emergency Medical Services, Inc., an ambulance service. This support is facilitated by remitting a portion of its net income, after reserving funds, on an annual basis. The source of these funds comes from the rental income generated from leasing a hospital building, an extended care facility, and a medical building. The organization's mission is to contribute to the operations and growth of the ambulance service, ensuring they can continue to provide essential emergency medical services to their community.
Is Hubbard Health Systems Real Estate Inc legitimate?
Hubbard Health Systems Real Estate Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Hubbard Health Systems Real Estate 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:
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Other Salaries and Wages: $51,220
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What is the mission statement of Hubbard Health Systems Real Estate Inc?
Hubbard Health Systems Real Estate Inc's primary mission is to support its sole member, Webster Emergency Medical Services, an ambulance service. They achieve this by remitting a portion of their net income, after setting aside reserves, to their sole member on an annual basis. The source of funds for this support comes from the rental income generated from a hospital building, an extended care facility, and a medical building. This financial assistance is crucial for the operation and continuity of the ambulance service, ensuring they can continue to provide essential emergency medical services to their community.
Who is the CEO of Hubbard Health Systems Real Estate Inc?
Lawrence L Crowley is the Director of Hubbard Health Systems Real Estate Inc.
What is the revenue of Hubbard Health Systems Real Estate Inc?
Hubbard Health Systems Real Estate Inc's revenue in 2022 was $450,117.
Who are the executives of Hubbard Health Systems Real Estate Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Hubbard Health Systems Real Estate Inc?
Hubbard Health Systems Real Estate Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hubbard Health Systems Real Estate Inc
Hubbard Health Systems Real Estate Inc is an organization with a mission to support its sole member, Webster Emergency Medical Services, Inc., a non-profit ambulance service. This support is primarily achieved by remitting the net income less reserves to the ambulance service on a yearly basis. The source of these funds is the rental income derived from the hospital building and extended care facility as well as the medical building that Hubbard Health Systems Real Estate Inc manages. In essence, Hubbard Health Systems Real Estate Inc plays a crucial role in financially backing the ambulance service, ensuring its continued operation and ability to provide essential emergency medical services to the community.
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Impact
October, 2024
Hubbard Health Systems Real Estate Inc plays a vital role in supporting Webster Emergency Medical Services, Inc., which operates as an ambulance service in the region. By generating income through the rental of hospital buildings and land associated with an extended care facility and medical building, it ensures that vital funds are available to enhance and sustain emergency medical services.
The organization's financial model focuses on remitting net income, after accounting for necessary reserves, to its sole member on an annual basis. This consistent financial support enables Webster Emergency Medical Services to maintain and improve its operations, ultimately benefiting the community's health and safety. The impact of Hubbard Health Systems can be measured in terms of increased access to emergency medical care, responsiveness to community health needs, and overall improvements in local health infrastructure.
This information is meant to be a general summary of Hubbard Health Systems Real Estate 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.
- Investment Income: $4,320
- Gross Receipts: $686,685
Assets and Liabilities:
- Total Assets: $5,770,303
- Total Liabilities: $851,781
- Net Assets: $4,918,522
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Organization Details
Founding Year
2011
Phone
(508) 943-6800Principal Officer
Lawrence L Crowley
Main Address
6 RIVER COURT PO BOX 1240, WEBSTER, MA, 01570
NTEE Category
Code: S470 - Community improvement
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