Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
3 people listed on the 990; $29K paid to officers and key staff.
Philip Wasta’s $12K as President is at the 7th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Philip Wasta | $11,941 | $28,749 | $26,696 | $26,696 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Medquarter INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Improves quality of life and advocates for new business and jobs in the medical community.
Questions for Medquarter INC
Your first name shows with your question. Medquarter INC answers here, for everyone.
Business Community
The medquarter continued its district improvement efforts by completing priority #5 of the master parkway improvement plan through infrastructure improvements to both sides of 1ST avenue east from 10TH street to 12TH street which included new light POLES/LIGHTS, trees, decorative pavers, parking lot screening, landscaping, and waste…
Medical community- the medquarter faith & medicine task force continued its focus on community mental health through two initiatives: 1) ongoing updates to and promotion of the local mental health service resources available on the GETHELPNOWCR.COM website landing page as well as printed materials to be handed out throughout the…
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $1K | $182K |
| InvestmentsLn 11–13 | $590K | |
| Land, buildings, equipmentLn 10c | $280K | $280K |
| Total assetsLn 16 | $881K | $1.1M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $881K | $1.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Accounting feesLn 11c | $3K | |||
| Investment management feesLn 11f | $433 | |||
| OccupancyLn 16 | $179 | |||
| InsuranceLn 23 | $816 | |||
| Other expenses (24a–d)Ln 24 | $49K | |||
| Total functional expensesLn 25 | $53K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Mar 23, 2026 | $233K | $159K | $74K | $1.0M | 990 PDF |
| FY2024Filed with the IRS Jan 15, 2025 | $243K | $345K | −$102K | $956K | 990 PDF |
| FY2023 ViewingFiled with the IRS Dec 21, 2023 | $223K | $53K | $170K | $1.1M | 990 PDF |
| FY2022Filed with the IRS Oct 28, 2022 | $254K | $265K | −$10K | $881K | 990 PDF |
| FY2021Filed with the IRS Feb 10, 2022 | $276K | $583K | −$307K | $903K | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $222,969 revenue, 12 lines filed
Part VI · Governance 2 of 2 board members independent, 3 to look at
Part VIII · Statement of revenue $222,969 across 5 lines filed
Part IX · Statement of functional expenses $53,020 across 5 lines filed
Part X · Balance sheet $1,053,622 assets, 9 lines filed
Part XI · Reconciliation of net assets $1,053,622 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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