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Nonprofiteer
← MW HEALTHCARE INC

Form 990 for tax year 2023

Filed by MW HEALTHCARE INC.

Totals

Total revenue
$2,872,640
Total expenses
$4,492,515
Contributions and grants received
$0
Grants paid
$4,220,000
Program service revenue
$0
Investment income
$2,872,640
Other revenue
$0
Total assets, end of year
$17,294,479
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$17,294,479
Program services expenses (Part IX)
$4,419,418
Management and general expenses
$73,097
Fundraising expenses
$0
Program service expenses (Part III)
$4,419,418

Program services were 98.4% 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 $450,525 · excluded $450,525

  • 7a · Gross sales of assets other than inventory

    securities $5,610,265

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

    securities $3,188,150

  • 7c · Gain or loss

    securities $2,422,115

  • 7d · Net gain or loss

    total $2,422,115 · excluded $2,422,115

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,220,000 · program services $4,220,000

  • 5 · Compensation of officers, directors and key employees

    total $191,005 · program services $191,005

  • 11b · Fees: legal

    total $8,413 · program services $8,413

  • 11f · Fees: investment management

    total $73,097 · management and general $73,097

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $16,724,135 · end of year $14,634,256

  • 15 · Other assets

    beginning of year $1,789,343 · end of year $2,660,223

  • 25 · Other liabilities

    beginning of year $76,357 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $18,437,121 · end of year $17,294,479

Mission and programs · 2023

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 $4,419,418 · Grants $4,220,000

As filed on the 2023 return.

Listed in Part VII

  • Joanne McGloin

    CO-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
  • Jacqueline Henchel MD

    SECRETARY (UNTIL 8/24)

    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

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • Marybeth Canavan

    BOARD OF TRUSTEES (UNTIL 12/23)

    Total calculated
    $0
    Hours/week
    0.6 + 1.4 related
  • Bernadette Digiulian

    BOARD OF TRUSTEES

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

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • Patricia A Ganun

    BOARD OF TRUSTEES (UNTIL 12/23)

    Total calculated
    $0
    Hours/week
    1.6 + 0.4 related
  • Alfred J Goldberg

    BOARD OF TRUSTEES (UNTIL 12/23)

    Total calculated
    $0
    Hours/week
    1.6 + 0.4 related
  • Howard Hill

    BOARD OF TRUSTEES

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

    BOARD OF TRUSTEES

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

    BOARD OF TRUSTEES

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

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • Michael Morand

    BOARD OF TRUSTEES (UNTIL 11/23)

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

    BOARD OF TRUSTEES

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

    BOARD OF TRUSTEES

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

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0.6 + 0.4 related
  • Harold S Spitzer

    BOARD OF TRUSTEES (UNTIL 12/23)

    Total calculated
    $0
    Hours/week
    1.6 + 0.4 related
  • Pamela Stanton

    BOARD OF TRUSTEES

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

    BOARD OF TRUSTEES

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

    PRESIDENT & CEO

    Total calculated
    $375,737
    From this org
    $124,834
    From related orgs
    $187,250
    Other
    $63,653
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $124,834 + $187,250 related
    Bonus
    $0
    Other
    $0
    Deferred
    $13,375 + $20,061 related
    Nontaxable benefits
    $12,087 + $18,130 related
    Filer's total
    $150,296 + $225,441 related
  • William Ginter

    CFO

    Total calculated
    $188,610
    From this org
    $38,380
    From related orgs
    $115,139
    Other
    $35,091
    Hours/week
    9 + 31 related

    Schedule J breakdown matched by us

    Base
    $38,380 + $115,139 related
    Bonus
    $0
    Other
    $0
    Deferred
    $1,220 + $3,660 related
    Nontaxable benefits
    $7,552 + $22,659 related
    Filer's total
    $47,152 + $141,458 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

None.

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
2023
Filed
11 August 2025
IRS schema version
2023v6.0
Source object
202542249349301029

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