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Montgomery Health Foundation

  • Philadelphia, PA
  • Tax-exempt since Oct. 1983
  • EIN: 22-2456265

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Medical Research / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$65k (2023)

Expenses
$6.02k (2023)

Total Assets
$4.19M (2023)

Total Liabilities
$30.1k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$65,017
Expenses
$6,020
Net Income
$58,997
Net Assets
$4,154,919
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $13,044
20.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $51,973
79.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,185,027
Total Liabilities $30,108
Net Assets $4,154,919
Compensation
Key Employees and Officers Compensation Related Other
Lewis I Gantman (Chair Trustee) $0 $0 $0
Steven Berk Esq (Vice Chair Trustee) $0 $0 $0
Lawrence S Reichlin (Chair Trustee (Term)) $0 $0 $0
Kenneth D Levitan (Trustee Pres. (Term 3/23)) $0 $0 $0
Cristina G Cavalieri Esq (Secretary) $0 $0 $0
John P Murdoch (Treasurer) $0 $0 $0
Penny J Rezet Esq (Secretary (Term 4/23)) $0 $0 $0
Gerard F Blaney (Treasurer (Term 9/22)) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,415,215
Expenses
$5,606,611
Net Income
-$4,191,396
Net Assets
$3,831,149
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $53,973
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,361,242
96.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,855,237
Total Liabilities $24,088
Net Assets $3,831,149
Compensation
Key Employees and Officers Compensation Related Other
Penny J Rezet Esq (Secretary) $0 $965,073 $134,358
Barry R Freedman (Former Officer) $0 $672,310 $22,494
Lawrence S Reichlin (Chair Trustee) $0 $0 $0
Steven Berk Esq (Vice Chair Trustee) $0 $0 $0
Kenneth D Levitan (Trustee President & Ceo) $0 $0 $0
Gerard F Blaney (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,329,995
Expenses
$6,103
Net Income
$1,323,892
Net Assets
$10,344,104
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $125,678
9.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,204,317
90.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,364,940
Total Liabilities $20,836
Net Assets $10,344,104
Compensation
Key Employees and Officers Compensation Related Other
Barry R Freedman (President & Ceo (Thru 12/20)) $0 $2,437,511 $68,255
Penny J Rezet Esq (Chief Legal Counsel Secretary) $0 $877,541 $179,190
Kenneth Levitan (President And Ceo (Beg. 1/21)) $0 $949,044 $79,137
Gerard Blaney (Vp & Cfo Treasurer) $0 $834,635 $181,472
Lawrence S Reichlin (Chairperson) $0 $0 $0
Steven Berk Esq (Vice Chairperson) $0 $0 $0
+ View more people

Document Links

990
Filed on May 16, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$117,547
Expenses
$5,415
Net Income
$112,132
Net Assets
$9,020,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $198,732
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$81,185
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,034,944
Total Liabilities $14,732
Net Assets $9,020,212
Compensation
Key Employees and Officers Compensation Related Other
Barry R Freedman (President) $0 $2,375,348 $65,031
Gerard Blaney (Treasurer) $0 $815,260 $169,287
Penny J Rezet Esq (Secretary) $0 $723,616 $147,664
Lawrence S Reichlin (Chairman) $0 $0 $0
Steven Berk Esq (Vice Chairman) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$790,066
Expenses
$7,414
Net Income
$782,652
Net Assets
$8,908,080
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $206,086
26.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $583,980
73.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,917,398
Total Liabilities $9,318
Net Assets $8,908,080
Compensation
Key Employees and Officers Compensation Related Other
Barry R Freedman (President) $0 $4,023,733 $59,975
Lawrence S Reichlin (Chairman) $0 $0 $0
Steven Berk Esq (Vice Chairman) $0 $0 $0
Penny J Rezet Esq (Secretary) $0 $557,617 $25,860
Gerard Blaney (Treasurer) $0 $782,843 $101,987
Mollie Becker (Assistant Secretary) $0 $93,566 $34,374
+ View more people

Document Links

990
Filed on July 15, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,265,178
Expenses
$7,281
Net Income
$1,257,897
Net Assets
$8,399,759
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $321,276
25.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $943,902
74.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,403,968
Total Liabilities $4,209
Net Assets $8,399,759
Compensation
Key Employees and Officers Compensation Related Other
Barry R Freedman (President) $0 $1,984,604 $54,491
Lawrence S Reichlin (Chairman) $0 $0 $0
Steven Berk Esq (Vice Chairman) $0 $0 $0
Penny J Rezet Esq (Secretary) $0 $596,432 $71,572
Gerard Blaney (Treasurer) $0 $652,837 $89,613
Mollie Becker (Assistant Secretary) $0 $89,124 $36,315
+ View more people

Document Links

990
Filed on May 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$643,195
Expenses
$4,007,365
Net Income
-$3,364,170
Net Assets
$8,025,915
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $163,103
25.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $480,092
74.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,025,923
Total Liabilities $8
Net Assets $8,025,915
Compensation
Key Employees and Officers Compensation Related Other
Barry R Freedman (President) $0 $2,047,290 $58,549
Lawrence S Reichlin (Chairman) $0 $0 $0
Steven Berk Esq (Vice Chairman) $0 $0 $0
Penny J Rezet Esq (Secretary) $0 $654,728 $59,680
Gerard Blaney (Assistant Treasurer) $0 $677,604 $84,846
Mollie Becker (Assistant Secretary) $0 $93,348 $30,449
David F Ertel (Former Treasurer) $0 $417,741 $17,924
+ View more people

Document Links

990
Filed on May 15, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,553,727
Expenses
$1,255,892
Net Income
$297,835
Net Assets
$11,321,825
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $373,180
24.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,180,547
76.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,321,503
Total Liabilities -$322
Net Assets $11,321,825
Compensation
Key Employees and Officers Compensation Related Other
Barry R Freedman (President) $0 $2,243,145 $49,632
Lawrence S Reichlin (Chairman) $0 $0 $0
Steven Berk Esq (Vice Chairman) $0 $0 $0
Penny J Rezet Esq (Secretary) $0 $484,442 $56,057
David F Ertel (Treasurer) $0 $654,246 $68,565
Mollie Becker (Assistant Secretary) $0 $84,553 $29,174
+ View more people

Document Links

990
Filed on May 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,313,298
Expenses
$3,072,164
Net Income
-$1,758,866
Net Assets
$12,487,428
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $502,480
38.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $810,818
61.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,489,442
Total Liabilities $2,014
Net Assets $12,487,428
Compensation
Key Employees and Officers Compensation Related Other
Barry R Freedman (President) $0 $2,046,660 $478,906
Steven Berk Esq (Chairman) $0 $0 $0
John E F Corson (Vice Chairman) $0 $0 $0
Penny J Rezet (Secretary) $0 $513,622 $53,433
David F Ertel (Treasurer) $0 $630,681 $46,918
Mollie Becker (Assistant Secretary) $0 $82,540 $24,477
+ View more people

Document Links

990
Filed on May 16, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$421,775
Expenses
$78,896
Net Income
$342,879
Net Assets
$15,109,050
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $262,035
62.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $159,861
37.9%
Net Inventory Sales $0
Other Revenue -$121
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $15,111,043
Total Liabilities $1,993
Net Assets $15,109,050
Compensation
Key Employees and Officers Compensation Related Other
Barry R Freedman (President) $0 $2,593,809 $793,150
Steven Berk Esq (Chairman) $0 $0 $0
John E F Corson (Vice Chairman) $0 $0 $0
Penny J Rezet (Secretary) $0 $521,287 $35,452
David F Ertel (Treasurer) $0 $440,815 $11,876
Mollie Becker (Assistant Secretary) $0 $77,620 $8,488
+ View more people

Document Links

990
Filed on May 15, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$164,592
Expenses
$121,106
Net Income
$43,486
Net Assets
$13,208,549
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,195
2.5%
Program Services $0
Investment Income $206,464
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$46,067
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $13,238
10.9%
Professional Fundraising Fees $0
Other Salaries and Wages $17,943
14.8%
Assets/Debt
Total Assets $13,210,749
Total Liabilities $2,200
Net Assets $13,208,549

Document Links

990
Filed on July 2, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$313,009
Expenses
$197,242
Net Income
$115,767
Net Assets
$12,140,690
Notable Sources of Revenue Percent of Total Revenue
Contributions $94,742
30.3%
Program Services $0
Investment Income $218,250
69.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $17
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $55,604
28.2%
Professional Fundraising Fees $0
Other Salaries and Wages $33,821
17.1%
Assets/Debt
Total Assets $12,890,836
Total Liabilities $750,146
Net Assets $12,140,690

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$345,610
Expenses
$277,184
Net Income
$68,426
Net Assets
$12,023,578
Notable Sources of Revenue Percent of Total Revenue
Contributions $163,121
47.2%
Program Services $0
Investment Income $182,103
52.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $386
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $54,718
19.7%
Professional Fundraising Fees $0
Other Salaries and Wages $34,447
12.4%
Assets/Debt
Total Assets $12,897,237
Total Liabilities $873,659
Net Assets $12,023,578

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 3) PDF (3 of 3)

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated