Overview
What is Medstar Ambulatory Services Inc?
Medstar Ambulatory Services Inc, formerly known as Bay Development Corporation, is a charitable organization based in Columbia, Maryland. They are committed to promoting and enhancing the quality of healthcare and related services within their community. The corporation owns and leases various buildings benefiting the medical community associated with Medstar Health. With a team of 379 employees, Medstar Ambulatory Services Inc operates primarily for charitable, scientific, and educational purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39%
Medstar Ambulatory Services Inc received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has a low score of 39%, primarily due to a complete lack of independent board members. This lack of independence can raise questions about governance and oversight, which are critical for ensuring effective management and transparency within a nonprofit organization.
While Medstar shows strength in certain areas such as having an audit and oversight committee, and policies for conflict of interest and whistleblowing, it falls short in displaying basic financial transparency. Notably, the nonprofit's website is missing from tax forms, and critical documents like tax forms are not available on its website. Additionally, the organization has a concerning liabilities to assets ratio of 40.09%, raising red flags about its financial stability.
User feedback indicates that while the organization may have programs in place, the high salaries of key personnel, such as the director earning over $3 million, may detract from funds allocated to its programs. Overall, potential donors and stakeholders should consider these financial and governance factors when evaluating Medstar Ambulatory Services Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Medstar Ambulatory Services Inc legitimate?
Medstar Ambulatory Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medstar Ambulatory Services 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:
Executive Compensation: $1,477,943
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,816,165
For more financial information, click here
What is the mission statement of Medstar Ambulatory Services Inc?
Medstar Ambulatory Services Inc is dedicated to promoting quality health care and related services within the community. The organization's primary goal is to encourage and support the delivery of exceptional health care. Medstar Ambulatory Services owns and leases buildings that contribute to the medical community associated with Medstar Health. The corporation operates exclusively for charitable, scientific, and educational purposes.
Who is the CEO of Medstar Ambulatory Services Inc?
Robert Gilbert is the President of Medstar Ambulatory Services Inc.
What is the revenue of Medstar Ambulatory Services Inc?
Medstar Ambulatory Services Inc's revenue in 2022 was $28,082,278.
Who are the executives of Medstar Ambulatory Services Inc and what are their salaries?
The average compensation at Medstar Ambulatory Services Inc during 2022 was $29,800. There are 379 employees at Medstar Ambulatory Services Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $2,967,769
- Other: $73,272
- Compensation: $0
- Related: $3,041,276
- Other: $57,172
- Compensation: $917,277
- Related: $0
- Other: $42,849
- Compensation: $230,946
- Related: $230,947
- Other: $55,924
- Compensation: $0
- Related: $441,561
- Other: $29,993
- Compensation: $201,274
- Related: $0
- Other: $27,113
- Compensation: $200,563
- Related: $0
- Other: $22,236
- Compensation: $179,701
- Related: $0
- Other: $14,431
- Compensation: $179,017
- Related: $0
- Other: $10,267
- Compensation: $169,878
- Related: $0
- Other: $25,041
Where can I find the form 990 for Medstar Ambulatory Services Inc?
Medstar Ambulatory Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Medstar Ambulatory Services Inc
Medstar Ambulatory Services Inc, a non-profit organization, is dedicated to fostering and promoting quality healthcare and related services within the community. Established with a charitable, scientific, and educational purpose, the corporation goes above and beyond by supporting and encouraging these vital services.
The mission of Medstar Ambulatory Services Inc is twofold. Primarily, it focuses on improving the overall quality of healthcare available to individuals within the community. Additionally, the organization leases and owns several buildings that cater specifically to the medical community associated with Medstar Health. This not only strengthens the healthcare infrastructure but also enhances the accessibility and efficiency of healthcare services for those in need.
Medstar Ambulatory Services Inc is more than just a real estate holding company. It plays a crucial role in the healthcare sector by contributing to the betterment of the community's health outcomes. By owning and leasing properties that serve the medical community, the organization ensures that healthcare facilities have the necessary resources and infrastructure to provide optimal care. In doing so, Medstar Ambulatory Services Inc empowers healthcare professionals to deliver quality services and make a positive impact on the lives of their patients.
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Impact
October, 2024
Medstar Ambulatory Services Inc has a significant impact on the community by promoting and ensuring access to quality healthcare services. The organization supports a range of healthcare-related initiatives, enhancing the overall health and well-being of the population it serves. By owning and leasing various facilities, it enables the provision of essential medical services, fostering an environment where healthcare providers can thrive.
The presence of Medstar Ambulatory Services Inc in Columbia, MD, enriches the local medical community and contributes to a robust healthcare infrastructure. This facilitates not only immediate medical care but also supports education and training for healthcare professionals, ensuring that the community benefits from skilled practitioners. As a result, the organization plays a crucial role in improving health outcomes and promoting preventative care, ultimately enhancing the quality of life for residents in the area.
This information is meant to be a general summary of Medstar Ambulatory Services 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: $2,463
- Program Service Revenue: $21,907,500
- Gross Receipts: $28,082,278
Assets and Liabilities:
- Total Assets: $180,691,236
- Total Liabilities: $72,685,495
- Net Assets: $108,005,741
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICE RE
Revenue
$13,552,113
RENTAL INCOME
Revenue
$6,059,774
SESSION REVENUE
Revenue
$2,295,613
Organization Details
Founding Year
1969
Phone
(410) 772-6721Principal Officer
Robert Gilbert
Main Address
10980 GRANTCHESTER WAY 6TH FLOOR, COLUMBIA, MD, 21044
NTEE Category
Code: E30 - Health
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