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Nonprofiteer
← MW HEALTHCARE INC

Form 990 for tax year 2024

Filed by MW HEALTHCARE INC.

Totals

Total revenue
$1,774,784
Total expenses
$4,200,954
Contributions and grants received
$0
Grants paid
$3,949,729
Program service revenue
$0
Investment income
$1,774,784
Other revenue
$0
Total assets, end of year
$14,374,184
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$14,374,184
Program services expenses (Part IX)
$4,137,993
Management and general expenses
$62,961
Fundraising expenses
$0
Program service expenses (Part III)
$4,137,993

Program services were 98.5% 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.

  • 3 · Investment income

    total $365,879 · excluded $365,879

  • 7a · Gross sales of assets other than inventory

    securities $3,907,015

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

    securities $2,498,110

  • 7c · Gain or loss

    securities $1,408,905

  • 7d · Net gain or loss

    total $1,408,905 · excluded $1,408,905

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,949,729 · program services $3,949,729

  • 5 · Compensation of officers, directors and key employees

    total $188,264 · program services $188,264

  • 11f · Fees: investment management

    total $62,961 · management and general $62,961

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $14,634,256 · end of year $12,538,953

  • 15 · Other assets

    beginning of year $2,660,223 · end of year $1,835,231

  • 27 · Net assets without donor restrictions

    beginning of year $17,294,479 · end of year $14,374,184

Mission and programs · 2024

Mission

MARY WADE HEALTHCARE PROVIDES THE HIGHEST-QUALITY COMPASSIONATE CARE SENIOR LIVING , AND SERVICES THAT PROMOTE WELLNESS FOR OLDER ADULTS IN GREATER NEW HAVEN.

Activities or mission (Part I)

MW HEALTHCARE, INC. PROVIDES MANAGEMENT SERVICES TO THE MARY WADE HOME, INC AND MARY WADE RESIDENCE, INC. AND HOLDS AND MANAGES THE ENDOWMENT ASSETS FOR THE BENEFIT OF THE MARY WADE HOME, INC.

  • MW HEALTHCARE, INC. PROVIDES MANAGEMENT SERVICES TO THE MARY WADE HOME, INC., MARY WADE RESIDENCE, INC. AND HOLDS AND MANAGES THE ENDOWMENT ASSETS FOR THE BENEFIT OF THE MARY WADE HOME, INC.

    Expenses $4,137,993 · Grants $3,949,729

As filed on the 2024 return.

Listed in Part VII

  • Joanne McGloin

    CHAIR

    Total calculated
    $0
    Hours/week
    3.2 + 0.8 related
  • Bruce Topolosky

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    3.2 + 0.8 related
  • Majorie Funk

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.6 + 0.4 related
  • Brandon McFarlane

    TREASURER

    Total calculated
    $0
    Hours/week
    1.6 + 0.4 related
  • Barbara C Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • Bernadette Digiulian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6 + 0.4 related
  • Joyce Dupee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • Howard Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • Rev Thomas Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6 + 0.4 related
  • Robert Kessler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6 + 0.4 related
  • Angela Mattie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • Nicholas R Nicholson Jr PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • Alexander Overkamp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • Michelle Lee Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • Pamela Stanton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • Steve Wolfson MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • Alfred Goldberg

    DIRECTOR AS OF 12/24

    Total calculated
    $0
    Hours/week
    1.6 + 0.4 related
  • Melanie McCloskey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • Jeffrey Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • David V Hunter

    PRESIDENT & CEO

    Total calculated
    $374,846
    From this org
    $122,597
    From related orgs
    $183,895
    Other
    $68,354
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $122,597 + $183,895 related
    Bonus
    $0
    Other
    $0
    Deferred
    $13,909 + $20,863 related
    Nontaxable benefits
    $13,433 + $20,149 related
    Filer's total
    $149,939 + $224,907 related
  • William Ginter

    CFO

    Total calculated
    $181,252
    From this org
    $37,705
    From related orgs
    $113,114
    Other
    $30,433
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $37,705 + $113,114 related
    Bonus
    $0
    Other
    $0
    Deferred
    $1,194 + $3,583 related
    Nontaxable benefits
    $6,414 + $19,242 related
    Filer's total
    $45,313 + $135,939 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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
THE CEO IS COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH HIS COMPENSATION: A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR A COMPENSATION COMPENSATION COMMITTEE.

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

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.

  • THE MARY WADE HOME INC

    501(C)(3) · PROVIDES LONG TERM CARE TO THE FRAIL ELDERLY · CT · controlled entity

    Directly controlled by MW HEALTHCARE INC

  • MWH HOLDINGS INC

    501(C)(2) · OPERATES AS A TITLE HOLDING CORPORATION FOR A NON-FOR-PROFIT · CT · controlled entity

    Directly controlled by MW HEALTHCARE INC

  • MARY WADE RESIDENCE INC

    501(C)(3) · OPERATE MEMORY CARE AND ASSISTED LIVING FACILITIES FOR THE FRAIL ELDERLY · CT · controlled entity

    Directly controlled by MW HEALTHCARE INC

Provenance

Return type
form_990
Tax year
2024
Filed
10 August 2026
IRS schema version
2024v5.5
Source object
202622269349302077

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