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Nonprofiteer
← ANCHOR HEALTH INITIATIVE CORPORATION

Form 990 for tax year 2023

Filed by ANCHOR HEALTH INITIATIVE CORPORATION.

Totals

Total revenue
$8,613,171
Total expenses
$9,117,069
Contributions and grants received
$454,576
Grants paid
$9,300
Program service revenue
$8,157,445
Investment income
$1,150
Other revenue
$0
Total assets, end of year
$1,062,062
Total liabilities, end of year
$2,813,325
Net assets or fund balances, end of year
-$1,751,263
Program services expenses (Part IX)
$8,489,931
Management and general expenses
$534,049
Fundraising expenses
$93,089
Program service expenses (Part III)
$8,489,931

Program services were 93.1% 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.

  • 1e · Government grants (contributions)

    $203,089

  • 1f · All other contributions, gifts and grants

    $251,487

  • 2a · Program service revenue: PHARMACY

    total $6,735,761 · related or exempt $6,735,761

  • 2b · Program service revenue: MEDICAL SERVICES

    total $1,395,994 · related or exempt $1,395,994

  • 2c · Program service revenue: OTHER

    total $25,690 · related or exempt $25,690

  • 3 · Investment income

    total $1,150 · excluded $1,150

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,300 · program services $9,300

  • 5 · Compensation of officers, directors and key employees

    total $596,921 · program services $527,001 · management and general $69,920

  • 7 · Other salaries and wages

    total $1,892,129 · program services $1,729,210 · management and general $90,089 · fundraising $72,830

  • 8 · Pension plan contributions

    total $49,471 · program services $44,805 · management and general $2,716 · fundraising $1,950

  • 9 · Other employee benefits

    total $233,860 · program services $206,689 · management and general $16,837 · fundraising $10,334

  • 10 · Payroll taxes

    total $169,948 · program services $151,430 · management and general $12,579 · fundraising $5,939

  • 11b · Fees: legal

    total $29,922 · management and general $29,922

  • 11c · Fees: accounting

    total $136,083 · program services $63,831 · management and general $72,252

  • 11g · Fees: other

    total $173,938 · program services $162,850 · management and general $11,088

  • 12 · Advertising and promotion

    total $42,984 · program services $42,984

  • 13 · Office expenses

    total $109,463 · program services $4,977 · management and general $104,486

  • 16 · Occupancy

    total $352,019 · program services $341,458 · management and general $10,561

  • 17 · Travel

    total $5,028 · program services $1,275 · management and general $3,753

  • 20 · Interest

    total $42,475 · program services $42,475

  • 22 · Depreciation, depletion and amortization

    total $47,889 · management and general $47,889

  • 23 · Insurance

    total $69,425 · program services $14,126 · management and general $55,299

  • 24a · Other expenses: PHARMACY & MEDICAL EXPE

    total $4,916,395 · program services $4,916,395

  • 24b · Other expenses: POSTAGE AND PRINTING

    total $134,193 · program services $132,506 · management and general $1,687

  • 24c · Other expenses: PAYROLL PROCESSING FEES

    total $53,748 · program services $47,400 · management and general $4,312 · fundraising $2,036

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $30,159 · program services $30,159

  • 24e · All other expenses

    total $21,719 · program services $21,060 · management and general $659

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $224,289 · end of year $304,490

  • 2 · Savings and temporary cash investments

    beginning of year $8,734 · end of year $8,756

  • 3 · Pledges and grants receivable

    beginning of year $15,988 · end of year $71,257

  • 4 · Accounts receivable

    beginning of year $464,337 · end of year $283,715

  • 7 · Other notes and loans receivable

    beginning of year $34,248 · end of year $33,803

  • 8 · Inventories for sale or use

    beginning of year $115,233 · end of year $139,481

  • 9 · Prepaid expenses and deferred charges

    beginning of year $698 · end of year $0

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

    $453,448

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

    $243,357

  • 10c · Land, buildings and equipment, net

    beginning of year $257,979 · end of year $210,091

  • 15 · Other assets

    beginning of year $7,000 · end of year $10,469

  • 17 · Accounts payable and accrued expenses

    beginning of year $396,931 · end of year $526,234

  • 22 · Loans and payables to officers and key people

    beginning of year $1,546,400 · end of year $1,896,400

  • 23 · Secured mortgages and notes payable

    beginning of year $335,000 · end of year $282,222

  • 25 · Other liabilities

    beginning of year $110,419 · end of year $108,469

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$1,260,244 · end of year -$1,751,263

Mission and programs · 2023

Mission

TO EMBRACE AND PROMOTE THE HEALTH AND WELLBEING OF LESBIAN, GAY, BISEXUAL, TRANSGENDER, QUEER, AND GENDER NON-CONFORMING INDIVIDUALS THROUGH COMPASSIONATE, COMPREHENSIVE, AND EVIDENCE-BASED CARE IN A SAFE, WELCOMING, AND AFFIRMING SPACE.

Activities or mission (Part I)

TO PROVIDE MENTAL HEALTH COUNSELING, MEDICAL HEALTHCARE SERVICES, DISPENSE MEDICATIONS TO THE UNDERSERVED PATIENT POPULATIONS, INCLUDING THOSE WITH AIDS AND THOSE SEEKING TRANSGENDER ASSISTANCE.

  • ANCHOR HEALTH PHARMACY'S MISSION IS TO PROVIDE MENTAL HEALTH COUNSELING, MEDICAL HEALTHCARE SERVICES, DISPENSE MEDICATIONS TO THE UNDERSERVED PATIENT POPULATIONS, INCLUDING THOSE WITH AIDS AND THOSE SEEKING TRANSGENDER ASSISTANCE.

    Expenses $4,572,079 · Revenue $6,761,451

  • ANCHOR HEALTH INITIATIVE CORP. PROVIDES MEDICAL SERVICES AT TWO LOCATIONS INCLUDING GENERAL CHECKUPS, TRANSGENDER MEDICAL SERVICES, SEXUAL HEALTH, AND HIV CARE TO THE LGBTQ COMMUNITY.

    Expenses $3,917,852 · Grants $9,300 · Revenue $1,395,994

As filed on the 2023 return.

Listed in Part VII

  • Michael Crisp

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    6

  • Patricia Chadwick

    TREASURER, CEO

    Total calculated
    $0
    Hours/week
    35

  • David Grimes

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Adrian Demidont

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jean Doyen De Montaillou

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Maeve Duvally

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Peter Kelly

    VICE BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ngozi Nnaji

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ian Stuart Myers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Stephen Chukumba

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Alison Cole

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Johan Santiago-Pagan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Christopher Adams

    VICE PRESIDENT

    Total calculated
    $139,890
    From this org
    $123,416
    From related orgs
    $0
    Other
    $16,474
    Hours/week
    35

  • Aj Bryant Eckert

    MEDICAL DIRECTOR

    Total calculated
    $224,392
    From this org
    $198,428
    From related orgs
    $0
    Other
    $25,964
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $194,428
    Bonus
    $4,000
    Other
    $0
    Deferred
    $8,160
    Nontaxable benefits
    $17,804
    Filer's total
    $224,392

  • Joseph Canarie

    MEDICAL DIRECTOR

    Total calculated
    $233,057
    From this org
    $204,044
    From related orgs
    $0
    Other
    $29,013
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $200,044
    Bonus
    $4,000
    Other
    $0
    Deferred
    $8,293
    Nontaxable benefits
    $20,720
    Filer's total
    $233,057

  • Sharon Sutton Alkerstedt

    APRN

    Total calculated
    $183,863
    From this org
    $160,229
    From related orgs
    $0
    Other
    $23,634
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $157,479
    Bonus
    $2,750
    Other
    $0
    Deferred
    $6,598
    Nontaxable benefits
    $17,036
    Filer's total
    $183,863

  • Reia Massaro

    APRN

    Total calculated
    $150,680
    From this org
    $129,287
    From related orgs
    $0
    Other
    $21,393
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $127,287
    Bonus
    $2,000
    Other
    $0
    Deferred
    $5,330
    Nontaxable benefits
    $16,063
    Filer's total
    $150,680

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202403179349308450

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