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Medstone Realty Llc

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

EIN: 472884103 ✦ Columbus, OH ✦ Designated as a 501(c)(3)

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Overview

What is Medstone Realty Llc?

Medstone Realty Llc is a nonprofit organization established with the primary mission of acquiring land for the construction and development of a new ambulatory care medical facility in Upper Arlington, Ohio. Specifically, they have set their sights on the Kingsdale Shopping Center location. This initiative aims to contribute to the healthcare sector by providing a new medical facility, enhancing accessibility and improving healthcare services in the area.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars (60%)

Medstone Realty LLC has received a Two-Star rating from Charity Navigator, reflecting a 60% overall score primarily focused on accountability and finance. The score indicates some strengths in governance, including an entirely independent board and the absence of material diversion of assets, both of which are critical for maintaining transparency and integrity.

The organization excels in having robust policies in place, such as a conflict of interest policy and a whistleblower policy, which earned full points in those categories. Additionally, the documentation of board meeting minutes shows a commitment to accountability. However, the organization's high liabilities to assets ratio significantly impacted its overall financial score, highlighting a potential area of concern regarding its financial stability.

While the program expense ratio is notably high at 100%, indicating that all expenses are directed towards programs, the significant liabilities suggest that the organization may face challenges managing its financial health in the future. Overall, while Medstone Realty LLC demonstrates a commitment to good governance, its financial vulnerabilities warrant careful consideration.


This AI summary has been generated from information found on Charity Navigator.

Is Medstone Realty Llc legitimate?

Medstone Realty Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medstone Realty Llc 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 Medstone Realty Llc?

Medstone Realty LLC was established with the objective of acquiring land for the construction and development of a new ambulatory care medical facility. This organization's mission is centered around this specific project, aiming to build a new medical facility in an ambulatory care setting. The location for this project is Upper Arlington, with the Kingsdale Shopping Center serving as the site. The organization's activities are primarily focused on making this project a reality by securing the necessary land for the construction and development of the medical facility.

Who is the CEO of Medstone Realty Llc?

Matt Hansen is the Chairman of Medstone Realty Llc. The CEO's salary of Medstone Realty Llc is $0 and their total compensation is $218,792.

What is the revenue of Medstone Realty Llc?

Medstone Realty Llc's revenue in 2022 was $1,617,858.

Who are the executives of Medstone Realty Llc and what are their salaries?


Here are 12 key members and their salaries (Medstone Realty Llc's CEO's salary is $0 and their total compensation is $218,792):


Jack Kasey (Chairman)
  • Compensation: $0
  • Related: $589,002
  • Other: $74,867
Melissa Shivers (Director)
  • Compensation: $0
  • Related: $455,720
  • Other: $61,171
Amy Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Frantz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Katzenmeyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Papadakis (Director)
  • Compensation: $0
  • Related: $730,421
  • Other: $104,958
Christie Angel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Hoffsis (President/Ceo)
  • Compensation: $0
  • Related: $171,581
  • Other: $47,211
Keith Myers (Ceo)
  • Compensation: $366,437
  • Related: $0
  • Other: $70,945
Jake Wozniak (Treasurer)
  • Compensation: $400,968
  • Related: $0
  • Other: $58,854
Heidi Mccabe (Secretary)
  • Compensation: $249,275
  • Related: $0
  • Other: $45,319
Matt Hansen (President)
  • Compensation: $0
  • Related: $35,047
  • Other: $8,840
Where can I find the form 990 for Medstone Realty Llc?

Medstone Realty Llc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Medstone Realty Llc

Medstone Realty LLC, a notable organization, was established with the primary objective of procuring land for the construction and development of a modern ambulatory care medical facility. This venture is set to revolutionize the healthcare sector, specifically in the Upper Arlington area. The organization's mission is rooted in the acquisition of land, with the ultimate goal of constructing and developing a state-of-the-art medical facility that will cater to the ambulatory care needs of the community. By undertaking this project, Medstone Realty LLC is contributing to the enhancement of healthcare services in the area, providing patients with improved access to essential medical care.

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Impact




July, 2024

Medstone Realty Llc's impact is centered around acquiring land for the construction and development of a new ambulatory care medical facility in Upper Arlington at the Kingsdale Shopping Center location. By focusing on establishing this medical facility, Medstone Realty Llc is contributing to the enhancement of healthcare infrastructure in the community. The organization's efforts align with its mission to facilitate the development of crucial healthcare services in the area, ultimately benefiting the residents of Columbus, Ohio, and surrounding areas.




This information is meant to be a general summary of Medstone Realty Llc. 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
$1,617,858 (2022)
Expenses
$1,399,004 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $1,617,858
  • Gross Receipts: $1,617,858

Assets and Liabilities:

  • Total Assets: $21,625,617
  • Total Liabilities: $20,394,969
  • Net Assets: $1,230,648

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Programs

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

RENTAL INCOME

Revenue

$1,038,258

REAL ESTATE TAX RECOVE

Revenue

$579,600

Organization Details

Founding Year

2015

Principal Officer

Matt Hansen

Main Address

1556 N HIGH ST, COLUMBUS, OH, 43201

NTEE Category

Code: E19 - Health

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