MMC Realty Corp

EIN: 010434215 501(c)(3)

Portland, ME

Total Revenue
$6,210,813
Total Expenses
$5,144,303
Total Assets
$52,931,178
Net Assets
$43,288,127
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
ME
Principal Officer
Britt Crewse
Phone
2076622576
Tax Period
2023-10-01 to 2024-09-30

MMC Realty Corp is a 501(c)(3) with EIN 010434215, based in Portland, ME. Founded in 1987, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $6,210,813 in total revenue and $5,144,303 in total expenses, with net assets of $43,288,127.

Mission

Acquiring, holding, managing, maintaining, developing or disposing of real property for the benefit of and in connection with MaineHealth.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,710,855
Investment Income $1,499,958
Other Revenue $0
TOTAL REVENUE $6,210,813

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,144,303
Other Expenses $5,144,303
TOTAL EXPENSES $5,144,303

Year-over-Year Comparison

2023 2022 Change
Revenue $6,210,813 $4,435,026 +0.4%
Expenses $5,144,303 $3,872,633 +0.3%
Net Income $1,066,510 $562,393 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$1,797,590
Total Directors
6
$4,612,244
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lugene Inzana CFO MMC / Board Treasurer 1.00
Officer Director
$0 $61,476 $948,999
Jennifer McCarthy COO, MMC/ Trustee 1.00
Director
$0 $33,146 $954,823
Joel Botler MD Reg CMO So. Region/ Trustee 1.00
Director
$0 $92,847 $948,320
Jon Kevin Griffin Chief Strat Officer, MH/Trustee 1.00
Director
$0 $54,718 $1,113,620
Mark Harris Chief Plan Officer, MH/Trustee 1.00
Director
$0 $114,351 $646,482
Britt Crewse Reg Pres MH So.Reg/Bd Pres 1.00
Officer Director
$0 $0 $0
Beth A Kelsch Gen. Counsel, MH/ Bd Secretary 1.00
Officer
$0 $96,015 $848,591
Jeffrey Sanders Reg Pres.So.Region/ Fmr Bd Pres 1.00
$0 $34,150 $1,398,592
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $6,210,813 $5,144,303 $52,931,178 $1,066,510
2023 $4,435,026 $3,872,633 $49,401,680 $562,393
2022 $3,042,410 $1,520,833 $47,624,601 $1,521,577
2021 $3,081,616 $1,346,214 $45,725,388 $1,735,402
2020 $5,719,456 $3,661,828 $43,663,674 $2,057,628
2019 $5,939,879 $4,327,718 $40,409,232 $1,612,161
2018 $5,636,668 $3,689,322 $36,934,178 $1,947,346
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