MNH Garageco Inc

EIN: 880573052 501(c)(3) Public & Societal Benefit

NYACK, NY

Total Revenue
$400,705
Total Expenses
$993,970
Total Assets
$21,212,608
Net Assets
$9,222,020
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NY
Phone
8453486522
Tax Period
2023-01-01 to 2023-12-31

MNH Garageco Inc, founded in 2022, is a small nonprofit in the Public & Societal Benefit sector that reported $401K in total revenue in fiscal year 2023. Revenue surged 34032% from the prior year, signaling strong growth momentum. Expenses of $994K exceeded revenue, resulting in a 148% operating deficit.

Mission

TO ACQUIRE AND MANAGE A PARKING FACILITY TO BE USED EXCLUSIVELY FOR MONTEFIORE NYACK HOSPITAL EMPLOYEES, PATIENTS AND VISITORS.

Program Service Accomplishments

Program 1
Expenses: $993,970 Revenue: $399,890

DURING 2022, MONTEFIORE NYACK HOSPITAL COMPLETED CONSTRUCTION ON A 149,770 SF MULTI LEVEL PARKING GARAGE THAT WAS OPENED AROUND AUGUST 2023. THIS PARKING FACILITY WILL SIGNIFICANTLY INCREASE...

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DURING 2022, MONTEFIORE NYACK HOSPITAL COMPLETED CONSTRUCTION ON A 149,770 SF MULTI LEVEL PARKING GARAGE THAT WAS OPENED AROUND AUGUST 2023. THIS PARKING FACILITY WILL SIGNIFICANTLY INCREASE PATIENTS, VISITORS, AND EMPLOYEES PARKING ACCESS WHILE HELPING TO REDUCE CONGESTION OF ON-STREET PARKING WITHIN OUR NEIGHBORHOOD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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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 $399,890
Investment Income $815
Other Revenue $0
TOTAL REVENUE $400,705

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $993,970
Other Expenses $993,970
TOTAL EXPENSES $993,970

Year-over-Year Comparison

2023 2022 Change
Revenue $400,705 $1,174 +340.3%
Expenses $993,970 $223,522 +3.4%
Net Income $-593,265 $-222,348 +1.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
2
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
$2,591,574
Total Directors
5
$2,591,574
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREASURER 1.0
Officer Director
$0 $68,404 $786,248
N/A CHAIR 1.0
Officer Director
$0 $68,593 $1,199,913
N/A SECRETARY 1.0
Officer Director
$0 $17,577 $605,413
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
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 No data No data No data No data
2023 $400,705 $993,970 $21,212,608 $-593,265
2022 $1,174 $223,522 $15,192,292 $-222,348
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