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Nonprofiteer
← FFMC SUPPORT ORGANIZATION

Form 990 for tax year 2023

Filed by FFMC SUPPORT ORGANIZATION.

Totals

Total revenue
$346,664
Total expenses
$704,543
Contributions and grants received
$0
Grants paid
$176,362
Program service revenue
$340,860
Investment income
$5,804
Other revenue
$0
Total assets, end of year
$7,875,478
Total liabilities, end of year
$9,300,973
Net assets or fund balances, end of year
-$1,425,495
Program services expenses (Part IX)
$574,280
Management and general expenses
$130,263
Fundraising expenses
$0
Program service expenses (Part III)
$574,280

Program services were 81.5% 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.

  • 2a · Program service revenue: LEASE REVENUE

    total $340,860 · related or exempt $340,860

  • 3 · Investment income

    total $5,804 · excluded $5,804

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $176,362 · program services $176,362

  • 11c · Fees: accounting

    total $11,565 · management and general $11,565

  • 13 · Office expenses

    total $975 · program services $975

  • 16 · Occupancy

    total $82,476 · program services $82,476

  • 20 · Interest

    total $118,698 · management and general $118,698

  • 22 · Depreciation, depletion and amortization

    total $295,594 · program services $295,594

  • 23 · Insurance

    total $18,873 · program services $18,873

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $994,649 · end of year $260,401

  • 2 · Savings and temporary cash investments

    end of year $428,947

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

    $8,130,535

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

    $948,852

  • 10c · Land, buildings and equipment, net

    beginning of year $7,450,410 · end of year $7,181,683

  • 15 · Other assets

    beginning of year $4,447 · end of year $4,447

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,312 · end of year $40,863

  • 23 · Secured mortgages and notes payable

    beginning of year $8,079,613 · end of year $8,095,333

  • 25 · Other liabilities

    beginning of year $1,392,197 · end of year $1,164,777

  • 27 · Net assets without donor restrictions

    beginning of year -$1,067,616 · end of year -$1,425,495

Mission and programs · 2023

Mission

TO CONSTRUCT AND EQUIP A MEDICAL CLINIC FACILITY AND RELATED FACILITIES FOR LEASE TO FAITH FAMILY MEDICAL CENTER

Activities or mission (Part I)

SUPPORTING ORGANIZATION TO MANAGE/INVEST/STEWARD ASSETS FOR FAITH FAMILY MEDICAL CENTER

  • TO CONSTRUCT AND EQUIP A MEDICAL CLINIC FACILITY AND RELATED FACILITIES FOR LEASE TO FAITH FAMILY MEDICAL CENTER

    Expenses $574,280 · Grants $176,362 · Revenue $340,860

As filed on the 2023 return.

Listed in Part VII

  • Sherry Mast

    PRESIDENT

    Total calculated
    $123,320
    From this org
    $0
    From related orgs
    $116,855
    Other
    $6,465
    Hours/week
    1 + 40 related

  • Phil Roe

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • McClain Towery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert W Lowe Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202431359349303513

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