Civic Intelligence

Medical Debt Resolution Inc.

990EZ • Fiscal year 2016 • EIN 47-1442997

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

80 Theodore Fremd AvenueRye, NY 10580

(914) 565-9363

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$57,945

Up $56,023 (+2915%) from 2015

Net Assets

Up

$35,865

Up $47,763 (+401%) from 2015

Liabilities

Up

$22,080

Up $8,260 (+60%) from 2015

Revenue And Expenses

Revenue

Up

$195,694

Up $184,278 (+1614%) from 2015

Expenses

Up

$147,931

Up $124,463 (+530%) from 2015

Net Income

Up

$47,763

Up $59,815 (+496%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0-$50MAssets 2014: $154Liabilities 2014: $02014Assets 2015: $1,922Liabilities 2015: $13,820Net Assets 2015: -$11,8982015Assets 2016: $57,945Liabilities 2016: $22,080Net Assets 2016: $35,8652016Assets 2016: $99,977Liabilities 2016: $25,113Net Assets 2016: $74,8642016Assets 2017: $1,121,826Liabilities 2017: $53,374Net Assets 2017: $1,068,4522017Assets 2018: $1,577,897Liabilities 2018: $293,794Net Assets 2018: $1,284,1032018Assets 2019: $4,572,339Liabilities 2019: $306,006Net Assets 2019: $4,266,3332019Assets 2020: $57,765,850Liabilities 2020: $361,090Net Assets 2020: $57,404,7602020Assets 2021: $56,504,785Liabilities 2021: $407,679Net Assets 2021: $56,097,1062021Assets 2022: $88,257,653Liabilities 2022: $968,146Net Assets 2022: $87,289,5072022Assets 2023: $95,897,379Liabilities 2023: $1,850,550Net Assets 2023: $94,046,8292023Assets 2024: $154,555,115Liabilities 2024: $975,528Net Assets 2024: $153,579,5872024

Highlighted filing

2016

Assets$57,945
Liabilities$22,080
Net Assets$35,865

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MRevenue 2014: $2,800Expenses 2014: $2,646Net Income 2014: $1542014Revenue 2015: $11,416Expenses 2015: $23,468Net Income 2015: -$12,0522015Revenue 2016: $195,694Expenses 2016: $147,931Net Income 2016: $47,7632016Revenue 2016: $259,533Expenses 2016: $172,771Net Income 2016: $86,7622016Revenue 2017: $2,163,479Expenses 2017: $1,169,890Net Income 2017: $993,5892017Revenue 2018: $5,460,587Expenses 2018: $5,244,935Net Income 2018: $215,6522018Revenue 2019: $10,067,024Expenses 2019: $7,084,794Net Income 2019: $2,982,2302019Revenue 2020: $66,172,951Expenses 2020: $13,034,524Net Income 2020: $53,138,4272020Revenue 2021: $17,143,600Expenses 2021: $18,437,272Net Income 2021: -$1,293,6722021Revenue 2022: $42,872,028Expenses 2022: $11,679,627Net Income 2022: $31,192,4012022Revenue 2023: $28,294,801Expenses 2023: $22,656,788Net Income 2023: $5,638,0132023Revenue 2024: $92,580,019Expenses 2024: $33,118,125Net Income 2024: $59,461,8942024

Highlighted filing

2016

Revenue$195,694
Expenses$147,931
Net Income$47,763
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$195,694
Mission and Program Overview

Mission

Acquire and abolish, i.e. Relieve, medical debt owed by individuals experiencing poverty or other hardship (please see schedule o for a more complete description of the organization's mission)

Purchases and abolishes medical debt for poor individuals.

Program Services

DescriptionGrantsExpenses
DEBT FORGIVENESS PROGRAM - STARTING IN 2016, THE ORGANIZATION INTENDS TO IDENTIFY, PURCHASE, AND ABOLISH MEDICAL DEBT FOR INDIVIDUALS WHO MAKE LESS THAN 200% OF THE FEDERAL POVERTY LEVEL OR WHO HAVE HARDSHIPS THAT MAKE PAYING OFF THE DEBT DIFFICULT OR IMPOSSIBLE (A HARDSHIP CASE). EXAMPLES OF HARDSHIPS MAY BE EXCESSIVE MEDICAL DEBT (I.E. OUT OF POCKET MEDICAL EXPENSES AMOUNTING TO MORE THAN 5% OF GROSS INCOME), EXCESSIVE NON-MEDICAL DEBT, JOB LOSS, NUMEROUS OR SICK DEPENDENTS, ETC.$0$163,306
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CRAIG ANTICOTreasurer, CEOPT$0--
JERRY ASHTONVP, SecretaryPT$0--
ROBERT GOFFDirector-$0--
Filing and Contact Details

Filer

Filer Name
Medical Debt Resolution Inc
EIN
47-1442997
Phone
9145659363
Address
80 THEODORE FREMD AVENUE, RYE, NY 10580

Signing Officer

Name
Craig Antico
Title
Treasurer
Phone
9145659363
Signed
2017-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 410. Description: other expenses. Amount: 3,567. Total to form 990-ez, line 14: 3,977.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: office expenses. Amount: 11,054. Description: travel and meetings. Amount: 10,222. Description: program expenses. Amount: 69. Description: telephone & communications. Amount: 7,872. Description: information technology. Amount: 11,191. Description: dues and subscriptions. Amount: 2,016. Description: insurance. Amount: 988. Description: miscellaneous. Amount: 7,527. Total to form 990-ez, line 16: 50,939.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receiveable . Beg. Of year amount: 0. End of year amount: 695. Description: prepaid expenses. Beg. Of year amount: 0. End of year amount: 6,447. Description: other depreciable assets. Beg. Of year amount: 1,614. End of year amount: 5,004.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: loans payable. Beg. Of year amount: 8,180. End of year amount: 0. Description: other payables. Beg. Of year amount: 5,390. End of year amount: 22,080. Description: other payables. Beg. Of year amount: 250. End of year amount: 0.

Raw XML Appendix161 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: DEPRECIATION. AMOUNT: 410. DESCRIPTION: OTHER EXPENSES. AMOUNT: 3,567. TOTAL TO FORM 990-EZ, LINE 14: 3,977.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OFFICE EXPENSES. AMOUNT: 11,054. DESCRIPTION: TRAVEL AND MEETINGS. AMOUNT: 10,222. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 69. DESCRIPTION: TELEPHONE & COMMUNICATIONS. AMOUNT: 7,872. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 11,191. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 2,016. DESCRIPTION: INSURANCE. AMOUNT: 988. DESCRIPTION: MISCELLANEOUS. AMOUNT: 7,527. TOTAL TO FORM 990-EZ, LINE 16: 50,939.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS RECEIVEABLE . BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 695. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 6,447. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 1,614. END OF YEAR AMOUNT: 5,004.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/TaxPeriodEndDt02016-12-31
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Filings