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Nonprofiteer
← FAMILY HEALTH CENTER REALTY INC

Form 990 for tax year 2024

Filed by FAMILY HEALTH CENTER REALTY INC.

Totals

Total revenue
$0
Total expenses
$377,548
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,460,509
Total liabilities, end of year
$336,005
Net assets or fund balances, end of year
$1,124,504
Program services expenses (Part IX)
$377,548
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$377,548

Program services were 100.0% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $377,548 · program services $377,548

Balance sheet

Part X, book values.

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

    $7,577,183

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

    $6,116,674

  • 10c · Land, buildings and equipment, net

    beginning of year $1,838,057 · end of year $1,460,509

  • 17 · Accounts payable and accrued expenses

    beginning of year $699 · end of year $699

  • 25 · Other liabilities

    beginning of year $335,306 · end of year $335,306

  • 27 · Net assets without donor restrictions

    beginning of year $1,502,052 · end of year $1,124,504

Mission and programs · 2024

Mission

TO BENEFIT, PERFORM THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF THE FAMILY HEALTH CENTER OF WORCESTER, INC.

  • LEASED REAL PROPERTY TO FAMILY HEALTH CENTER OF WORCESTER, INC.

    Expenses $377,548

As filed on the 2024 return.

Listed in Part VII

  • Joseph Scardino Esq

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John K True

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Philip R Magnusson

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Lynda Rowe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Louis Brady

    PRESIDENT AND CEO

    Total calculated
    $487,357
    From this org
    $0
    From related orgs
    $454,804
    Other
    $32,553
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $454,804 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,900 related
    Nontaxable benefits
    $0 + $25,653 related
    Filer's total
    $0 + $487,357 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
ALL COMPENSATION IS PAID BY THE RELATED ORGANIZATION FAMILY HEALTH CENTER OF WORCESTER, INC. (THE HEALTH CENTER). THE COMPENSATION OF THE HEALTH CENTER OFFICERS AND KEY EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS UTILIZING A SALARY SURVEY. THE CHIEF FINANCIAL OFFICER AND FINANCE COMMITTEE SET THE OTHER EMPLOYEES' SALARIES BASED ON A SALARY SURVEY IN ACCORDANCE WITH THE HEALTH CENTER'S BUDGET PARAMETERS.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
22 April 2026
IRS schema version
2024v5.5
Source object
202601319349300135

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