Totals
- Total revenue
- $335,240
- Total expenses
- $736,887
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $335,240
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $8,449,506
- Total liabilities, end of year
- $9,517,122
- Net assets or fund balances, end of year
- -$1,067,616
- Program services expenses (Part IX)
- $606,549
- Management and general expenses
- $130,338
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $606,549
Program services were 82.3% 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 $335,240 · related or exempt $335,240
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $11,640 · management and general $11,640
-
13 · Office expenses
total $79 · program services $79
-
16 · Occupancy
total $303,327 · program services $303,327
-
20 · Interest
total $118,698 · management and general $118,698
-
22 · Depreciation, depletion and amortization
total $287,000 · program services $287,000
-
23 · Insurance
total $16,143 · program services $16,143
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,001,626 · end of year $994,649
-
10a · Land, buildings and equipment: cost or other basis
$8,103,669
-
10b · Land, buildings and equipment: accumulated depreciation
$653,259
-
10c · Land, buildings and equipment, net
beginning of year $7,687,363 · end of year $7,450,410
-
15 · Other assets
end of year $4,447
-
17 · Accounts payable and accrued expenses
beginning of year $40,864 · end of year $45,312
-
23 · Secured mortgages and notes payable
beginning of year $8,063,893 · end of year $8,079,613
-
25 · Other liabilities
beginning of year $1,250,201 · end of year $1,392,197
-
27 · Net assets without donor restrictions
end of year -$1,067,616
-
28 · Net assets with donor restrictions
beginning of year -$665,969
Mission and programs · 2022
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 $606,549 · Revenue $335,240
As filed on the 2022 return.
Listed in Part VII
-
Sherry MastSHERRY MAST
PRESIDENT
- Total calculated
- $116,055
- From this org
- $0
- From related orgs
- $109,458
- Other
- $6,597
- Hours/week
- 1 + 40 related
-
Terry WalkerTERRY WALKER
TREASURER
- Total calculated
- $85,246
- From this org
- $0
- From related orgs
- $80,330
- Other
- $4,916
- Hours/week
- 1 + 40 related
-
Phil RoePHIL ROE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
McClain ToweryMCCLAIN TOWERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert W Lowe JrROBERT 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
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.
-
FAITH FAMILY MEDICAL CENTER INC
501C3 · MEDICAL · TN
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 4 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311319349305221
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