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Nonprofiteer
← MELROSEWAKEFIELD HEALTHCARE PARENT CORPORATION

Form 990 for tax year 2024

Filed by MELROSEWAKEFIELD HEALTHCARE PARENT CORPORATION.

Totals

Total revenue
$1,139,010
Total expenses
$936,162
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$679,526
Investment income
$459,484
Other revenue
$0
Total assets, end of year
$1,696,591
Total liabilities, end of year
$235,076
Net assets or fund balances, end of year
$1,461,515
Program services expenses (Part IX)
$916,743
Management and general expenses
$19,419
Fundraising expenses
$0
Program service expenses (Part III)
$916,743

Program services were 97.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EXEMPT SUBS RENTAL INC.

    total $676,906 · excluded $676,906

  • 2b · Program service revenue: FUND DEV. RENTAL INC.

    total $2,620 · excluded $2,620

  • 7a · Gross sales of assets other than inventory

    other assets $1,085,501

  • 7b · Less cost or other basis and sales expenses

    other assets $626,017

  • 7c · Gain or loss

    other assets $459,484

  • 7d · Net gain or loss

    total $459,484 · excluded $459,484

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $20,934 · program services $6,586 · management and general $14,348

  • 9 · Other employee benefits

    total $4,239 · program services $1,334 · management and general $2,905

  • 11a · Fees: management

    total $932 · management and general $932

  • 11f · Fees: investment management

    total $1,234 · management and general $1,234

  • 16 · Occupancy

    total $716,753 · program services $716,753

  • 22 · Depreciation, depletion and amortization

    total $192,070 · program services $192,070

Balance sheet

Part X, book values.

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,417 · end of year $52,190

  • 10a · Land, buildings and equipment: cost or other basis

    $7,712,438

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,444,629

  • 10c · Land, buildings and equipment, net

    beginning of year $1,581,082 · end of year $1,267,809

  • 15 · Other assets

    beginning of year $368,617 · end of year $376,592

  • 17 · Accounts payable and accrued expenses

    beginning of year $240,547 · end of year $141,342

  • 19 · Deferred revenue

    beginning of year $64,083 · end of year $64,192

  • 25 · Other liabilities

    beginning of year $0 · end of year $29,542

  • 27 · Net assets without donor restrictions

    beginning of year $1,425,952 · end of year $1,159,115

  • 28 · Net assets with donor restrictions

    beginning of year $294,534 · end of year $302,400

Mission and programs · 2024

Mission

DEVELOP, SPONSOR AND PROMOTE SERVICE AND PROGRAMS SOLELY FOR THE BENEFIT OF MELROSEWAKEFIELD HEALTHCARE, INC. (HOSPITAL) AND ITS RELATED ORGANIZATIONS. THESE PROGRAMS AND SERVICES ARE CHARITABLE, SCIENTIFIC OR EDUCATIONAL.

  • SUPPORTED THE ADVANCEMENT OF THE KNOWLEDGE AND PRACTICE OF MEDICINE, SURGERY, NURSING AND OTHER SUBJECTS RELATING TO THE CARE, TREATMENT AND HEALING OF INDIVIDUALS. IN ACCOMPLISHING THAT PURPOSE, THIS CORPORATION DEVELOPED, SPONSORED, AND PROMOTED SERVICE AND PROGRAMS SOLEY FOR THE BENEFIT OF MELROSEWAKEFIELD HEALTHCARE, INC. (HOSPITAL) AND ITS RELATED ORGANIZATIONS. THESE PROGRAMS AND SERVICES WERE CHARITABLE, SCIENTIFIC, OR EDUCATIONAL AND ADDRESSED THE PHYSICAL AND MENTAL NEEDS OF THE SURROUNDING COMMUNITIES.

    Expenses $916,743

As filed on the 2024 return.

Listed in Part VII

  • Michael Dandorph

    DIRECTOR/PRES & CEO - TUFTS MEDICINE

    Total calculated
    $2,678,414
    From this org
    $0
    From related orgs
    $2,307,376
    Other
    $371,038
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,543,189 related
    Bonus
    $0 + $503,750 related
    Other
    $0 + $260,437 related
    Deferred
    $0 + $345,035 related
    Nontaxable benefits
    $0 + $26,003 related
    Filer's total
    $0 + $2,678,414 related

  • Kelly Corbi

    PRESIDENT/DIRECTOR (UNTIL 10/24)

    Total calculated
    $659,085
    From this org
    $0
    From related orgs
    $526,918
    Other
    $132,167
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $517,484 related
    Bonus
    $0
    Other
    $0 + $9,434 related
    Deferred
    $0 + $110,362 related
    Nontaxable benefits
    $0 + $21,805 related
    Filer's total
    $0 + $659,085 related

  • William Wyman

    PRESIDENT (AS OF 10/24)

    Total calculated
    $609,096
    From this org
    $0
    From related orgs
    $503,114
    Other
    $105,982
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $420,049 related
    Bonus
    $0 + $30,472 related
    Other
    $0 + $52,593 related
    Deferred
    $0 + $87,362 related
    Nontaxable benefits
    $0 + $18,620 related
    Filer's total
    $0 + $609,096 related

  • Jeffrey McAllister

    ASSIST. SECRETARY/DIRECTOR

    Total calculated
    $224,771
    From this org
    $0
    From related orgs
    $221,209
    Other
    $3,562
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,962 related
    Bonus
    $0 + $7,050 related
    Other
    $0 + $197 related
    Deferred
    $0 + $3,315 related
    Nontaxable benefits
    $0 + $247 related
    Filer's total
    $0 + $224,771 related

  • Andras Sandor MD

    DIRECTOR

    Total calculated
    $524,342
    From this org
    $0
    From related orgs
    $499,529
    Other
    $24,813
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,712 related
    Bonus
    $0 + $44,619 related
    Other
    $0 + $2,198 related
    Deferred
    $0 + $8,376 related
    Nontaxable benefits
    $0 + $16,437 related
    Filer's total
    $0 + $524,342 related

  • Joseph Pennacchio MD

    DIRECTOR

    Total calculated
    $452,132
    From this org
    $0
    From related orgs
    $425,309
    Other
    $26,823
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $421,724 related
    Bonus
    $0
    Other
    $0 + $3,585 related
    Deferred
    $0 + $9,159 related
    Nontaxable benefits
    $0 + $17,664 related
    Filer's total
    $0 + $452,132 related

  • Laurence Conway MD

    DIRECTOR

    Total calculated
    $501,236
    From this org
    $0
    From related orgs
    $491,372
    Other
    $9,864
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $491,372 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,864 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $501,236 related

  • Paul Bardaro

    DIRECTOR (UNTIL 1/25)

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Maurice M Edouard-Vincent EdD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Andrew Freed

    CHAIR (AS OF 3/25)/DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Tara Gibson

    VICE CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Thomas Graf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Gail Infurna RN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Diana Jeong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Philip Lembo

    CHAIR/DIRECTOR (UNTIL 1/25)

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Robert L Swanson Jr

    DIRECTOR (UNTIL 1/25)

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Rishi Likhi MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Jessica Harney

    DIRECTOR (AS OF 11/24)

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Andrew Devoe

    CFO/TREASURER

    Total calculated
    $1,148,895
    From this org
    $0
    From related orgs
    $1,123,052
    Other
    $25,843
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $853,264 related
    Bonus
    $0 + $256,959 related
    Other
    $0 + $12,829 related
    Deferred
    $0 + $6,578 related
    Nontaxable benefits
    $0 + $19,265 related
    Filer's total
    $0 + $1,148,895 related

  • Zachary Redmond

    SECRETARY

    Total calculated
    $693,637
    From this org
    $0
    From related orgs
    $586,258
    Other
    $107,379
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $494,363 related
    Bonus
    $0 + $37,950 related
    Other
    $0 + $53,945 related
    Deferred
    $0 + $81,422 related
    Nontaxable benefits
    $0 + $25,957 related
    Filer's total
    $0 + $693,637 related

  • Bindiya Thakkar MD

    FORMER DIRECTOR/ENDOCRINOLOGIST

    Total calculated
    $476,571
    From this org
    $0
    From related orgs
    $447,056
    Other
    $29,515
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $348,735 related
    Bonus
    $0 + $86,310 related
    Other
    $0 + $12,011 related
    Deferred
    $0 + $3,746 related
    Nontaxable benefits
    $0 + $25,769 related
    Filer's total
    $0 + $476,571 related

  • Charles R Whipple Esq

    FORMER ASST SEC/GENERAL COUNSEL

    Total calculated
    $219,724
    From this org
    $0
    From related orgs
    $163,145
    Other
    $56,579
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $109,321 related
    Bonus
    $0
    Other
    $0 + $53,824 related
    Deferred
    $0 + $48,454 related
    Nontaxable benefits
    $0 + $8,125 related
    Filer's total
    $0 + $219,724 related

  • Susan Green

    FORMER ASSISTANT TREASURER

    Total calculated
    $145,982
    From this org
    $0
    From related orgs
    $144,773
    Other
    $1,209
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $15,865 related
    Bonus
    $0
    Other
    $0 + $128,908 related
    Deferred
    $0 + $406 related
    Nontaxable benefits
    $0 + $803 related
    Filer's total
    $0 + $145,982 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
ANNUALLY, THE HUMAN RESOURCES COMMITTEE OF THE PARENT CORPORATION COMPRISED OF INDEPENDENT DIRECTORS, REVIEWS THE COMPENSATION OF THE PRESIDENT AND MEMBERS OF THE EXECUTIVE LEADERSHIP TEAM, USING DATA FROM AN INDEPENDENT THIRD PARTY EVALUATION OF COMPARABLE COMPENSATION DATA.
PART I, LINE 4B
SECTION 457(F) RETIREMENT PLAN EMPLOYER DEFERRALS: MICHAEL DANDORPH - $335,135 KELLY CORBI - $100,462 WILLIAM WYMAN - $77,462 ZACHARY REDMOND - $74,285 CHARLES WHIPPLE - $44,923

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MONTVALE PETCT LLC

    RELATED · PET/CT SCANS · DE

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • SHIELDS-TUFTS MEDICAL CENTER IMAGING MANAGEMENT LLC

    RELATED · MEDICAL SERVICES (MRI) · MA

    Directly controlled by TUFTS MEDICAL CENTER INC

  • TUFTS MEDICINE SHIELDS PETCT LLC

    RELATED · PET/CT SCANS · MA

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HALLMARK HEALTH PHO INC

    C · PHYSICIAN HOSPITAL ORGANIZATION · MA

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • LAWRENCE MELROSE MEDICAL ELECTRONICS RECORD INC

    C · ELECTRONIC MEDICAL RECORDS · MA

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • LGH MANAGEMENT SERVICES INC

    C · MEDICAL SERVICES · MA · controlled entity

    Directly controlled by LGH SERVICES INC

  • LGH MEDICAL BUILDING SERVICES INC

    C · MEDICAL OFFICE BUILDING · MA · controlled entity

    Directly controlled by LGH SERVICES INC

  • LGH MEDICAL SERVICES INC

    C · MEDICAL SERVICES · MA · controlled entity

    Directly controlled by LGH SERVICES INC

  • LGH SERVICES INC

    C · MEDICAL SERVICES · MA · controlled entity

    Directly controlled by CIRCLE HEALTH INC

  • TUFTS MEDICINE INDEMNITY COMPANY LTD

    C · CAPTIVE INSURANCE · CJ · controlled entity

    Directly controlled by TUFTS MEDICINE INC

  • TMIN SERVICES INC

    C · HEALTH CARE · MA · controlled entity

    Directly controlled by TUFTS MEDICINE INTEGRATED NETWORK INC

Provenance

Return type
form_990
Tax year
2024
Filed
11 August 2026
IRS schema version
2024v5.5
Source object
202602259349301800

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