Civic Intelligence

Mccready Foundation Inc.

990 • Fiscal year 2017 • EIN 52-0607921

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 06, 2018

Organization ProfileWWW.MCCREADYHEALTH.ORG

View Organization Page

201 Hall HighwayCrisfield, MD 21817

(410) 968-1200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.52x

Higher debt load relative to assets than 73% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

0.54x

Higher debt load relative to revenue than 69% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

24th percentile

-3.6%

Higher net margin than 24% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

21st percentile

-2.5%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

43rd percentile

2.6%

Faster revenue growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$23,591,689

Down $600,452 (-2.5%) from 2016

Net Assets

Down

$11,307,132

Down $804,195 (-6.6%) from 2016

Liabilities

Up

$12,284,557

Up $203,743 (+1.7%) from 2016

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin24th percentile

Revenue

Up

$22,853,422

Up $568,299 (+2.6%) from 2016

Expenses

Up

$23,684,071

Up $272,116 (+1.2%) from 2016

Net Income

Up

-$830,649

Up $296,183 (+26%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$30M$20M$10M$0Assets 2010: $24,482,222Liabilities 2010: $12,533,869Net Assets 2010: $11,948,3532010Assets 2011: $25,334,771Liabilities 2011: $14,615,600Net Assets 2011: $10,719,1712011Assets 2012: $26,278,848Liabilities 2012: $13,514,753Net Assets 2012: $12,764,0952012Assets 2013: $25,869,161Liabilities 2013: $13,126,776Net Assets 2013: $12,742,3852013Assets 2014: $26,558,685Liabilities 2014: $12,485,071Net Assets 2014: $14,073,6142014Assets 2015: $26,276,311Liabilities 2015: $12,654,398Net Assets 2015: $13,621,9132015Assets 2016: $24,192,141Liabilities 2016: $12,080,814Net Assets 2016: $12,111,3272016Assets 2017: $23,591,689Liabilities 2017: $12,284,557Net Assets 2017: $11,307,1322017Assets 2018: $22,583,707Liabilities 2018: $12,761,080Net Assets 2018: $9,822,6272018Assets 2019: $20,213,559Liabilities 2019: $12,293,025Net Assets 2019: $7,920,5342019Assets 2020: $17,904,530Liabilities 2020: $11,651,842Net Assets 2020: $6,252,6882020Assets 2021: $13,025,961Liabilities 2021: $9,442,148Net Assets 2021: $3,583,8132021Assets 2022: $12,435,979Liabilities 2022: $9,345,931Net Assets 2022: $3,090,0482022Assets 2023: $12,102,731Liabilities 2023: $8,653,006Net Assets 2023: $3,449,7252023Assets 2024: $11,330,902Liabilities 2024: $8,373,206Net Assets 2024: $2,957,6962024

Highlighted filing

2017

Assets$23,591,689
Liabilities$12,284,557
Net Assets$11,307,132
Open 2017 Filing

Operations Trend

Revenue Growth43rd percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $21,209,5062010Expenses 2011: $23,677,1212011Expenses 2012: $21,636,5182012Revenue 2013: $22,193,938Expenses 2013: $22,345,799Net Income 2013: -$151,8612013Revenue 2014: $23,000,404Expenses 2014: $21,587,366Net Income 2014: $1,413,0382014Revenue 2015: $21,723,118Expenses 2015: $22,173,237Net Income 2015: -$450,1192015Revenue 2016: $22,285,123Expenses 2016: $23,411,955Net Income 2016: -$1,126,8322016Revenue 2017: $22,853,422Expenses 2017: $23,684,071Net Income 2017: -$830,6492017Revenue 2018: $24,402,159Expenses 2018: $25,840,985Net Income 2018: -$1,438,8262018Revenue 2019: $23,847,934Expenses 2019: $25,680,258Net Income 2019: -$1,832,3242019Revenue 2020: $18,422,073Expenses 2020: $22,329,514Net Income 2020: -$3,907,4412020Revenue 2021: $8,609,253Expenses 2021: $13,022,292Net Income 2021: -$4,413,0392021Revenue 2022: $10,209,335Expenses 2022: $14,232,601Net Income 2022: -$4,023,2662022Revenue 2023: $8,666,183Expenses 2023: $13,268,856Net Income 2023: -$4,602,6732023Revenue 2024: $8,734,576Expenses 2024: $12,968,067Net Income 2024: -$4,233,4912024

Highlighted filing

2017

Revenue$22,853,422
Expenses$23,684,071
Net Income-$830,649
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 6, 2018
Return Version
2016v3.0
Gross Receipts
$22,853,422
Mission and Program Overview

Mission

Provide high quality, compassionate healthcare through an efficient and diversified service network, maintaining and improving the health of the people and communities we serve over their lifetime.

Hospital, nursing home, and assisted living facility

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,092,114$16,479,863▼ $612,251
Accounts Receivable$2,726,283$3,187,048▲ $460,765
Cash and Non-Interest-Bearing Accounts$3,428,220$2,861,021▼ $567,199
Inventories for Sale or Use$316,065$369,470▲ $53,405
Prepaid Expenses and Deferred Charges$231,435$239,677▲ $8,242
Investments Other Securities$206,557$230,828▲ $24,271
Savings and Temporary Cash Investments$176,359$201,946▲ $25,587
Pledges and Grants Receivable$1,600$1,600→ $0
Total Assets$24,192,141$23,591,689▼ $600,452
Other Assets Total$13,508$20,236▲ $6,728
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,196,355$10,114,141▼ $82,214
Accounts Payable and Accrued Expenses$1,677,032$1,770,116▲ $93,084
Deferred Revenue$191,584$340,232▲ $148,648
Other Liabilities$15,843$60,068▲ $44,225
Total Liabilities$12,080,814$12,284,557▲ $203,743
Net Assets / Fund Balance
Unrestricted Net Assets$12,111,327$11,307,132▼ $804,195
Total Net Assets Fund Balance$12,111,327$11,307,132▼ $804,195
Total Liabilities and Net Assets / Fund Balance$24,192,141$23,591,689▼ $600,452

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,494,949$7,606,158-
Equipment$-15,086$6,672,120-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$801,846$3,307--$801,758
2015$801,810$4,191▼ $647-$801,846
2014$823,062$4,702▼ $25-$801,810
2013$780,734$8,850▲ $36,944-$823,062
2012$705,091$55,009▲ $20,634-$780,734
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Vi Jay KarumbunathanDoctorFT$369,034-$369,034
Dr BarnesDoctorFT$313,759$12,691$313,759
Dr NagyFormer - DoctorFT$203,383$4,762$203,383
Joy a StrandFormer - CEOFT$186,275$14,504$186,275
Dr Michael AtkinsDoctorFT$181,566$13,321$181,566

Board Members and Trustees

NameTitle
Mr Sam Davis1st Chair
Mr Percy J PurnellChairman
Mr Russ Blake2nd Vice Chair
Dr Lloyd TylerDirector
Dr Rondall AllenDirector
Mr Doug CrockettDirector
Mr John HickmanDirector
Mr John PhoebusDirector
Ms Karen KitchingDirector
Ms Leslie WilsonDirector
Ms Sue HeathDirector
Mr Clarence BellSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$113,429
Program Service Revenue
$22,695,264
Investment Income
$26,918
Other Revenue
$17,811
All Other Contributions
$51,806
Change in Net Assets
$-830,649

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,853,422
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$26,454
Total Revenue per Audited Statements
$22,879,876
Total Revenue per Form 990
$22,853,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,352,769
Other Expenses$10,331,302
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,828,142--$10,828,142
Fees for Services Other$2,044,781--$2,044,781
Other Employee Benefits$1,606,758--$1,606,758
Depreciation Depletion$1,394,248--$1,394,248
Payroll Taxes$779,490--$779,490
All Other Expenses$648,970--$648,970
Occupancy$633,445--$633,445
Other Expenses$541,781--$541,781
Interest$520,384--$520,384
Insurance$489,558--$489,558
Fees for Services Accounting$168,932--$168,932
Pension Plan Contributions$138,379--$138,379
Advertising$100,012--$100,012
Travel$54,459--$54,459
Office Expenses$21,145--$21,145
Total Functional Expenses$23,684,071$0$0$23,684,071

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,684,071
Total Expenses per Audited Statements$23,684,071
Total Expenses per Form 990$23,684,071
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,461
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Medicare Periodic Interim Payment$49,419
Restricted Patient Funds$10,649
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The board reviews the 990 prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Any issue which could cause a conflict of interest is reviewed by the board with the exclusion of the affected party.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Mccready Foundation Inc
EIN
52-0607921
Phone
4109681200
Address
201 HALL HIGHWAY, CRISFIELD, MD 21817

Signing Officer

Name
Camesha Giddins
Title
CFO
Phone
4109681200
Signed
2018-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Camesha Giddins
Formed
1923
Legal Domicile
Md
Voting Board Members
12
Independent Board Members
12
Employees
350
Volunteers
0

Preparer

Firm
Pks & Company Pa
Address
1801 SWEETBAY DRIVE, SALISBURY, MD 21804
Preparer
Andrew M Haynie CPA
Phone
4105465600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The board oversees the audit review process”

Financial Statement Notes

PART X, LINE 2:

“The parent organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and therefore has made no provision for federal income taxes in the accompanying financial statements. The parent organization files a consolidated form 990 that includes all activities of the edward w. Mccready memorial hospital, the alice byrd tawes nursing home, chesapeake cove assisted living, and the mccready foundation, inc. Endowment fund. Under the requirements of financial accounting standards board (fasb) asc 740, "income taxes", tax-exempt organizations could be required to record an obligation as the result of a tax position they have historically taken on various tax exposure items. As of june 30, 2015, the parent organization has determined that it does not have any uncertain tax positions that qualify for either recognition or disclosure in the financial statements.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DOCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DOCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DOCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15FORMER - CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16FORMER - DOCTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01923
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt04461
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt061623
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt022853422
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0489558
IRS990/InsuranceGrp/TotalAmt0489558
IRS990/InterestGrp/ProgramServicesAmt0520384
IRS990/InterestGrp/TotalAmt0520384
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0316065
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0369470
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt026918
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt026918
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0206557
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0230828
IRS990/IRPDocumentCnt031
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014278278
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017092114
IRS990/LandBldgEquipBasisNetGrp/EOYAmt016479863
IRS990/LandBldgEquipCostOrOtherBssAmt030758141
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0HOSPITAL, NURSING HOME, AND ASSISTED LIVING FACILITY
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010196355
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010114141
IRS990/NetAssetsOrFundBalancesBOYAmt012111327
IRS990/NetAssetsOrFundBalancesEOYAmt011307132
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt04461
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt04461
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt026454
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0633445
IRS990/OccupancyGrp/TotalAmt0633445
IRS990/OfficeExpensesGrp/ProgramServicesAmt021145
IRS990/OfficeExpensesGrp/TotalAmt021145
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd01
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013508
IRS990/OtherAssetsTotalGrp/EOYAmt020236
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01606758
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01606758
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1SERVICE CONTRACTS AND M
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3LEASE AND RENTALS
IRS990/OtherExpensesGrp/ProgramServicesAmt02041279
IRS990/OtherExpensesGrp/ProgramServicesAmt1963631
IRS990/OtherExpensesGrp/ProgramServicesAmt2708677
IRS990/OtherExpensesGrp/ProgramServicesAmt3541781
IRS990/OtherExpensesGrp/TotalAmt02041279
IRS990/OtherExpensesGrp/TotalAmt1963631
IRS990/OtherExpensesGrp/TotalAmt2708677
IRS990/OtherExpensesGrp/TotalAmt3541781
IRS990/OtherLiabilitiesGrp/BOYAmt015843
IRS990/OtherLiabilitiesGrp/EOYAmt060068
IRS990/OtherRevenueMiscGrp/BusinessCd0622000
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt013350
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013350
IRS990/OtherRevenueTotalAmt013350
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010828142
IRS990/OtherSalariesAndWagesGrp/TotalAmt010828142
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0779490
IRS990/PayrollTaxesGrp/TotalAmt0779490
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0138379
IRS990/PensionPlanContributionsGrp/TotalAmt0138379
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01600
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01600
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0231435
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0239677
IRS990/PrincipalOfficerNm0CAMESHA GIDDINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0622000
IRS990/ProgramServiceRevenueGrp/Desc0HOSPITAL & NURSING HOME & ASSITED
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt022695264
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022695264
IRS990/ProgSrvcAccomActy2Grp/Desc0ALICE BYRD TAWES NURSING HOME
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt06047324
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt06023726
IRS990/ProgSrvcAccomActy3Grp/Desc0CHESAPEAKE COVE ASSISTED LIVING FACILITY
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01068512
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0891187
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ENDOWMENT
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt03396
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt031794
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0451823
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt033209
IRS990/PYOtherExpensesAmt010257916
IRS990/PYOtherRevenueAmt02280
IRS990/PYProgramServiceRevenueAmt021797811
IRS990/PYRevenuesLessExpensesAmt0-1126832
IRS990/PYSalariesCompEmpBnftPaidAmt013154039
IRS990/PYTotalExpensesAmt023411955
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt022285123
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-830649
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt015933169
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0176359
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0201946
IRS990ScheduleA/HospitalInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt016494949
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07606158
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt024101107
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt03395
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0801846
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt03307
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0801758
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt03508
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0801810
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt04191
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0801846
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-647
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt025929
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0823062
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt04702
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0801810
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-25
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt03466
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0780734
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt08850
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0823062
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt036944
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0705091
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt055009
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0780734
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt020634
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-15086
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06672120
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06657034
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt023684071
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt026454
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010649
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt149419
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESTRICTED PATIENT FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEDICARE PERIODIC INTERIM PAYMENT
IRS990ScheduleD/RevenueNotReportedAmt026454
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt022853422
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PARENT ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE PARENT ORGANIZATION FILES A CONSOLIDATED FORM 990 THAT INCLUDES ALL ACTIVITIES OF THE EDWARD W. MCCREADY MEMORIAL HOSPITAL, THE ALICE BYRD TAWES NURSING HOME, CHESAPEAKE COVE ASSISTED LIVING, AND THE MCCREADY FOUNDATION, INC. ENDOWMENT FUND. UNDER THE REQUIREMENTS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, "INCOME TAXES", TAX-EXEMPT ORGANIZATIONS COULD BE REQUIRED TO RECORD AN OBLIGATION AS THE RESULT OF A TAX POSITION THEY HAVE HISTORICALLY TAKEN ON VARIOUS TAX EXPOSURE ITEMS. AS OF JUNE 30, 2015, THE PARENT ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016479863
IRS990ScheduleD/TotalExpensesPerForm990Amt023684071
IRS990ScheduleD/TotalLiabilityAmt060068
IRS990ScheduleD/TotalRevenuePerForm990Amt022853422
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt022879876

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,591,689
Liabilities
$12,284,557
Net assets
$11,307,132
Revenue
$22,853,422
Expenses
$23,684,071
Net income
-$830,649
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.3$8.37$2.96$8.73$13.0$4.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$8.65$3.45$8.67$13.3$4.60
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$9.35$3.09$10.2$14.2$4.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$9.44$3.58$8.61$13.0$4.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.9$11.7$6.25$18.4$22.3$3.91
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.2$12.3$7.92$23.8$25.7$1.83
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.6$12.8$9.82$24.4$25.8$1.44
2017Detailed filing. Detailed filing data is available for this year.$23.6$12.3$11.3$22.9$23.7$0.83
2016Detailed filing. Detailed filing data is available for this year.$24.2$12.1$12.1$22.3$23.4$1.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.3$12.7$13.6$21.7$22.2$0.45
2014Detailed filing. Detailed filing data is available for this year.$26.6$12.5$14.1$23.0$21.6$1.41
2013Summary only. Only limited summary data is available for this year.$25.9$13.1$12.7$22.2$22.3$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.3$13.5$12.8$21.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.3$14.6$10.7$23.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.5$12.5$11.9$21.2