Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
Mnh Garageco Inc
EIN 88-0573052 • 501(c)3 • Nyack, NY
Profile
To acquire and manage a parking facility to be used exclusively for Montefiore Nyack Hospital employees, staff, patient and visitors.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.58x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
4th percentile
Higher net margin than 4% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
77th percentile
Faster asset growth than 77% of similar nonprofits.
Revenue Growth
100th percentile
Faster revenue growth than 100% of similar nonprofits.
Balance Sheet
Assets
Down$20,720,425
Down $492,183 (-2.3%) from 2023
Liabilities
Up$12,025,236
Up $34,648 (+0.3%) from 2023
Net Assets
Down$8,695,189
Down $526,831 (-5.7%) from 2023
Revenue
Up$640,584
Up $239,879 (+60%) from 2023
Expenses
Up$1,167,415
Up $173,445 (+17%) from 2023
Net Income
Up-$526,831
Up $66,434 (+11%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $20,720,425
- Liabilities
- $12,025,236
- Net assets
- $8,695,189
- Revenue
- $640,584
- Expenses
- $1,167,415
- Net income
- -$526,831
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 13, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $640,584
Mission and Program Overview
Mission
To acquire and manage a parking facility to be used exclusively for Montefiore Nyack Hospital employees, staff, patient and visitors.
To acquire and manage a parking facility to be used exclusively for montefiore nyack hospital employees, patients and visitors.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $19,328,842 | $18,782,462 | ▼ $546,380 |
| Savings and Temporary Cash Investments | $497,834 | $471,338 | ▼ $26,496 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | - | - |
| Investments Program Related | $0 | - | - |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $21,212,608 | $20,720,425 | ▼ $492,183 |
| Other Assets Total | $1,385,932 | $1,466,625 | ▲ $80,693 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $11,548,483 | $11,401,159 | ▼ $147,324 |
| Other Liabilities | $388,335 | $595,212 | ▲ $206,877 |
| Accounts Payable and Accrued Expenses | $53,770 | $28,865 | ▼ $24,905 |
| Total Liabilities | $11,990,588 | $12,025,236 | ▲ $34,648 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $9,222,020 | $8,695,189 | ▼ $526,831 |
| Total Net Assets Fund Balance | $9,222,020 | $8,695,189 | ▼ $526,831 |
| Total Liabilities and Net Assets / Fund Balance | $21,212,608 | $20,720,425 | ▼ $492,183 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $18,254,073 | $1,067,390 | $19,321,463 |
| Leasehold Improvements | $495,582 | $71,183 | $566,765 |
| Equipment | $32,807 | $36,456 | $69,263 |
| Other Assets Org | $1,466,625 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Mark E Geller Md | Chair |
| Mark Jacobs | Director |
| Robert Van Pelt | Director |
| Michael Novack | Secretary |
| John S Burke | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $639,693
- Investment Income
- $891
- Other Revenue
- $0
- Change in Net Assets
- $-526,831
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $0
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Other Revenue Adjustments
- $0
- Total Revenue per Form 990
- $0
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,167,415 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Interest | $604,117 | - | - | $604,117 |
| Depreciation Depletion | $546,381 | - | - | $546,381 |
| Other Expenses | $16,917 | - | - | $16,917 |
| Total Functional Expenses | $1,167,415 | $0 | $0 | $1,167,415 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Expenses per Audited Statements | $0 |
| Other Expense Adjustments | $0 |
| Total Expenses per Form 990 | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Federal Income Taxes | $595,212 |
| Due to Parent Organization | - |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Business relationship with 35% controlled entity
- No
- 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
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Line 6 Classes of members or stockholders
“Montefiore nyack hospital is the sole corporate member of mnh garageco, inc.”
Form 990, Part VI, Line 7A Members or stockholders electing members of governing body
“Montefiore nyack hospital, the sole corporate member of mnh garageco, inc., has the power to appoint and remove, with or without cause, the board of directors of the corporation.”
Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders
“Montefiore nyack hospital, the sole corporate member of mnh garageco, inc., has the power to approve amendments to both the corporation's certificate of incorporation and bylaws, approval of the operating and capital budgets and any strategic plans of the corporation and approval of indebtedness and settlement of administrative proceeding or litigation among other administration functions.”
Form 990, Part VI, Line 11B Review of form 990 by governing body
“The form 990 was prepared by the montefiore's tax department working closely with nyack's finance team and assisted by various departments throughout the health system. The form 990 was reviewed and approved by montefiore's vice president-finance and the nyack's hospital senior leadership including the chief financial officer. In addition, an independent accounting firm was engaged to review the form 990. Upon completion of the various reviews, the form 990 was provided to all members of the organization's board of directors prior to filing.”
Form 990, Part VI, Line 12C Conflict of interest policy
“The organization has adopted the conflict of interest policy maintained by montefiore nyack hospital, the direct parent organization. All monitoring and enforcement of the conflict of interest policy is performed by the hospital. Should a possible conflict of interest arise in their responsibilities, the employee or board member is required to notify their supervisor or the director of compliance, if an employee, or the chair of the board, if a board member, and abstain from any participation in the matter until the hospital can determine whether an actual conflict exists and how that conflict shall be resolved. All identified conflicts of interests are presented to the hospital's board of trustee's audit and compliance committee for their review and decision when an conflict is determined.”
Form 990, Part VI, Line 19 Required documents available to the public
“The conflict of interest policy and governing documents are made available upon request.”
Filing and Contact Details
Filer
- Filer Name
- MNH Garageco Inc
- EIN
- 88-0573052
- Phone
- 8453482000
- Address
- 160 NORTH MIDLAND AVENUE, NYACK, NY 10960-1912
Signing Officer
- Name
- Mark E Geller Md
- Title
- Md
- Phone
- 8453482000
- Signed
- 2025-11-13
- Discuss with paid preparer
- Yes
Organization Details
- Formed
- 2022
- Legal Domicile
- Ny
- Voting Board Members
- 5
- Independent Board Members
- 2
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- Ernst & Young US Llp
- Address
- ONE MANHATTAN WEST, NEW YORK, NY 10001-8604
- Preparer
- Laura Mayo
- Phone
- 2127733000
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| IRS990/Desc | 0 | SINCE THE OPENING IN 2023, THIS 149,770 SF MULTI-LEVEL PARKING FACILITY HAS SIGNIFICANTLY INCREASED PATIENTS, VISITORS, AND EMPLOYEES PARKING ACCESS FOR MONTEFIORE NYACK HOSPITAL WHILE HELPING TO REDUCE CONGESTION OF ON-STREET PARKING WITHIN OUR NEIGHBORHOOD. |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | MONTEFIORE NYACK HOSPITAL IS A SUPPORTED ORGANIZATION DESIGNATED BY PURPOSE IN THE ORGANIZATIONS GOVERNING DOCUMENTS. THE PURPOSE OF THE SUPPORTING ORGANIZATION IS TO OPERATE A PARKING FACILITY TO BE EXCLUSIVELY USED FOR MONTEFIORE NYACK HOSPITAL EMPLOYEES, STAFF, PATIENTS, AND VISITORS. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | THE SUPPORTED ORGANIZATION HAS THE POWER TO APPOINT 2 OF THE 5 DIRECTORS OF THE BOARD. THE REMAINING THREE MEMBERS OF THE BOARD CONSIST OF MEMBERS SERVING AS PRESIDENT & CEO, VICE PRESIDENT AND COO AND VICE PRESIDENT AND CFO OF THE SUPPORTED ORGANIZATION. |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | MARK E GELLER MD |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | MICHAEL NOVACK |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | MONTEFIORE NYACK HOSPITAL IS THE SOLE CORPORATE MEMBER OF MNH GARAGECO, INC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | MONTEFIORE NYACK HOSPITAL, THE SOLE CORPORATE MEMBER OF MNH GARAGECO, INC., HAS THE POWER TO APPOINT AND REMOVE, WITH OR WITHOUT CAUSE, THE BOARD OF DIRECTORS OF THE CORPORATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MONTEFIORE NYACK HOSPITAL, THE SOLE CORPORATE MEMBER OF MNH GARAGECO, INC., HAS THE POWER TO APPROVE AMENDMENTS TO BOTH THE CORPORATION'S CERTIFICATE OF INCORPORATION AND BYLAWS, APPROVAL OF THE OPERATING AND CAPITAL BUDGETS AND ANY STRATEGIC PLANS OF THE CORPORATION AND APPROVAL OF INDEBTEDNESS AND SETTLEMENT OF ADMINISTRATIVE PROCEEDING OR LITIGATION AMONG OTHER ADMINISTRATION FUNCTIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE FORM 990 WAS PREPARED BY THE MONTEFIORE'S TAX DEPARTMENT WORKING CLOSELY WITH NYACK'S FINANCE TEAM AND ASSISTED BY VARIOUS DEPARTMENTS THROUGHOUT THE HEALTH SYSTEM. THE FORM 990 WAS REVIEWED AND APPROVED BY MONTEFIORE'S VICE PRESIDENT-FINANCE AND THE NYACK'S HOSPITAL SENIOR LEADERSHIP INCLUDING THE CHIEF FINANCIAL OFFICER. IN ADDITION, AN INDEPENDENT ACCOUNTING FIRM WAS ENGAGED TO REVIEW THE FORM 990. UPON COMPLETION OF THE VARIOUS REVIEWS, THE FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION HAS ADOPTED THE CONFLICT OF INTEREST POLICY MAINTAINED BY MONTEFIORE NYACK HOSPITAL, THE DIRECT PARENT ORGANIZATION. ALL MONITORING AND ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY IS PERFORMED BY THE HOSPITAL. SHOULD A POSSIBLE CONFLICT OF INTEREST ARISE IN THEIR RESPONSIBILITIES, THE EMPLOYEE OR BOARD MEMBER IS REQUIRED TO NOTIFY THEIR SUPERVISOR OR THE DIRECTOR OF COMPLIANCE, IF AN EMPLOYEE, OR THE CHAIR OF THE BOARD, IF A BOARD MEMBER, AND ABSTAIN FROM ANY PARTICIPATION IN THE MATTER UNTIL THE HOSPITAL CAN DETERMINE WHETHER AN ACTUAL CONFLICT EXISTS AND HOW THAT CONFLICT SHALL BE RESOLVED. ALL IDENTIFIED CONFLICTS OF INTERESTS ARE PRESENTED TO THE HOSPITAL'S BOARD OF TRUSTEE'S AUDIT AND COMPLIANCE COMMITTEE FOR THEIR REVIEW AND DECISION WHEN AN CONFLICT IS DETERMINED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 6 Classes of members or stockholders |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 7a Members or stockholders electing members of governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 11b Review of form 990 by governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 12c Conflict of interest policy |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Line 19 Required documents available to the public |
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