Overview
What is Health Benefits Holdings Inc?
Health Benefits Holdings Inc is a nonprofit organization with a specific mission. They hold title to certain properties and earn income from them. This income, after deducting expenses, is then transferred in its entirety to the Yale University Retiree Health Benefits Coverage Trust, a charitable trust exempt under IRC section 501(c)(3). This trust provides health benefits coverage to retirees from Yale University, ensuring their ongoing healthcare support.
Is Health Benefits Holdings Inc legitimate?
Health Benefits Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Health Benefits Holdings Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
What is the mission statement of Health Benefits Holdings Inc?
Health Benefits Holdings Inc's primary purpose is to manage property investments. The company collects income from these properties and then transfers the net amount, after deducting expenses, to the Yale University Retiree Health Benefits Coverage Trust. This trust, being a qualified trust under IRC section 501(c)(3), is exempt from federal income tax. In essence, Health Benefits Holdings Inc serves as a financial intermediary, contributing to the retirement health benefits of Yale University retirees through its property-related operations.
Who is the CEO of Health Benefits Holdings Inc?
Unavailable
What is the revenue of Health Benefits Holdings Inc?
Health Benefits Holdings Inc's revenue in 2022 was $0.
Who are the executives of Health Benefits Holdings Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990EZ for Health Benefits Holdings Inc?
Health Benefits Holdings Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Health Benefits Holdings Inc
Health Benefits Holdings Inc, as per its mission, is responsible for holding title to certain property and collecting the income generated from this property. The organization then proceeds to transfer the entire income, after deducting any expenses, to the Yale University Retiree Health Benefits Coverage Trust. This trust, which is exempt under IRC section 501(c)(3), utilizes the funds received to provide health benefits coverage for Yale University retirees. In essence, Health Benefits Holdings Inc acts as a financial intermediary, facilitating the flow of income to support the healthcare needs of retired Yale University employees.
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Impact
October, 2024
Health Benefits Holdings Inc plays a crucial role in supporting the financial sustainability of the Yale University retiree health benefits program. By holding title to property and managing the income generated from these assets, the organization ensures that funds are available to cover health benefits for retirees. This contribution is vital for maintaining the health and well-being of former university employees, providing them with essential medical coverage in retirement.
The organization's activities directly enhance community improvement by fostering stability and support for retirees, allowing them to access necessary health services without the burden of financial strain. Moreover, by directing the income from property holdings to the Yale University retiree Health Benefits coverage trust, Health Benefits Holdings Inc strengthens the overall community by ensuring that those who dedicated their careers to education and research are cared for in their later years.
This information is meant to be a general summary of Health Benefits Holdings Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Phone
(203) 432-5530Main Address
C/O Yale U Tax Dept PO Box 208239, New Haven, CT, 065208239
NTEE Category
Code: S47 - Community improvement
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