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Nonprofiteer
← NORTH EAST MEDICAL SERVICES FOUNDATION

Form 990 for tax year 2023

Filed by NORTH EAST MEDICAL SERVICES FOUNDATION.

Totals

Total revenue
$1,117,184
Total expenses
$483,931
Contributions and grants received
$73,827
Grants paid
$230,726
Program service revenue
$936,304
Investment income
$117,862
Other revenue
-$10,809
Total assets, end of year
$14,396,024
Total liabilities, end of year
$3,527,172
Net assets or fund balances, end of year
$10,868,852
Program services expenses (Part IX)
$302,395
Management and general expenses
$181,536
Fundraising expenses
$0
Program service expenses (Part III)
$302,395

Program services were 62.5% 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.

  • 1f · All other contributions, gifts and grants

    $73,827

  • 2a · Program service revenue: RENTAL INCOME FR. NEMS

    total $936,304 · related or exempt $936,304

  • 3 · Investment income

    total $117,862 · excluded $117,862

  • 6a · Gross rents

    real property $15,627

  • 6b · Less rental expenses

    real property $26,436

  • 6c · Rental income or loss

    real property -$10,809

  • 6d · Net rental income or loss

    total -$10,809 · excluded -$10,809

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $230,726 · program services $230,726

  • 11c · Fees: accounting

    total $10,335 · management and general $10,335

  • 13 · Office expenses

    total $12,000 · management and general $12,000

  • 20 · Interest

    total $158,645 · management and general $158,645

  • 22 · Depreciation, depletion and amortization

    total $71,669 · program services $71,669

  • 24a · Other expenses: BOARD EXPENSES

    total $345 · management and general $345

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $200 · management and general $200

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $11 · management and general $11

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $255,820 · end of year $264,204

  • 4 · Accounts receivable

    beginning of year $66,419 · end of year $114,351

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,157 · end of year $36,904

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

    $10,361,291

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

    $1,274,532

  • 10c · Land, buildings and equipment, net

    beginning of year $9,183,324 · end of year $9,086,759

  • 11 · Investments: publicly traded securities

    beginning of year $465,188 · end of year $496,093

  • 12 · Investments: other securities

    beginning of year $3,779,727 · end of year $4,397,713

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,010 · end of year $93,873

  • 19 · Deferred revenue

    beginning of year $3,988

  • 23 · Secured mortgages and notes payable

    beginning of year $3,497,053 · end of year $3,426,299

  • 25 · Other liabilities

    beginning of year $7,000 · end of year $7,000

  • 27 · Net assets without donor restrictions

    beginning of year $10,206,764 · end of year $10,867,993

  • 28 · Net assets with donor restrictions

    beginning of year $5,820 · end of year $859

Mission and programs · 2023

Mission

NEMS FOUNDATION PROVIDES SUPPORTIVE SERVICES TO OTHER NON-PROFIT ORGANIZATIONS.

  • NEMS FOUNDATION LEASES ITS SAN FRANCISCO FACILITIES AT LELAND AVENUE NORIEGA STREET AND CLEMENT STREET, TO NORTH EAST MEDICAL SERVICES (NEMS) TO PROVIDE PRIMARY HEALTH SERVICES TO THE POPULATION IT SERVES.

    Expenses $302,395 · Grants $230,726 · Revenue $936,304

As filed on the 2023 return.

Listed in Part VII

  • Anne D Brandon JD

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nancy Huang Pharm D

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patrick Burns

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alicia Barela

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Ko Siu

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • William H Yim

    MEMBER

    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.

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 corporations and trusts

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

  • GOLDEN BAY HEALTH INC

    C · HEALTH INSURANCE · CA

  • 1520 HOLDINGS

    C · REAL ESTATE HOLDING · CA

Provenance

Return type
form_990
Tax year
2023
Filed
26 September 2024
IRS schema version
2023v5.1
Source object
202412829349300241

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