Overview
What is H-C Management Services Inc?
H-C Management Services Inc is a company that specializes in managing and developing real estate properties for tax-exempt organizations. They acquired and constructed a modern emergency department medical office building, which was eligible for the New Market Tax Credit due to its potential to create jobs and address community healthcare needs. The facility includes an emergency room, ancillary departments, and medical office space. By taking part in this program, H-C Management Services now leases land from the Medical Center, manages and operates the new emergency room building, and has an operating lease agreement with the Medical Center for the property's use. Their mission is to enhance the services provided by affiliated non-profit organizations.
Is H-C Management Services Inc legitimate?
H-C Management Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. H-C Management Services Inc submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of H-C Management Services Inc?
H-C Management Services Inc's mission is centered around managing and developing real estate properties, primarily for affiliated tax-exempt organizations. Their role involves acquiring, maintaining, and disposing of these properties as needed. In a specific instance, they constructed and operate an emergency department medical office building, which was eligible for the New Market Tax Credit due to its potential to provide jobs and address healthcare requirements in the community. This building houses an emergency room, ancillary departments, and medical office spaces, and H-C Management Services leases land from a medical center and operates the building while having an operating lease agreement for the property's use with the medical center.
Who is the CEO of H-C Management Services Inc?
Spiridon E Hatiras is the President & Ceo, Clerk of H-C Management Services Inc. The CEO's salary of H-C Management Services Inc is $0 and their total compensation is $896,645.
What is the revenue of H-C Management Services Inc?
H-C Management Services Inc's revenue in 2022 was $190,018.
Who are the executives of H-C Management Services Inc and what are their salaries?
There 3 volunteers at H-C Management Services Inc.
Here are 6 key members and their salaries (H-C Management Services Inc's CEO's salary is $0 and their total compensation is $896,645):
- Compensation: $0
- Related: $397,299
- Other: $44,997
- Compensation: $0
- Related: $826,583
- Other: $70,062
- Compensation: $0
- Related: $279,705
- Other: $37,139
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for H-C Management Services Inc?
H-C Management Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of H-C Management Services Inc
H-C Management Services Inc, as a mission-driven organization, is dedicated to acquiring, managing, maintaining, developing, and disposing of real estate on behalf of affiliated tax-exempt organizations. In essence, their role is to facilitate the property needs of these nonprofits, ensuring their operations run smoothly and effectively. This can involve acquiring new properties, maintaining existing ones, developing properties for specific purposes, or disposing of properties when necessary. By doing so, H-C Management Services contributes to the success and continuity of these nonprofit organizations, ultimately supporting their missions and the communities they serve. In the given example, H-C Management Services owns and operates a new emergency department medical office building, leveraging the New Market Tax Credit (NMTC) program to meet the healthcare needs of the community and create new job opportunities.
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Impact
October, 2024
H-C Management Services Inc plays a significant role in enhancing healthcare access and community development in Holyoke, MA. By acquiring and managing real estate, specifically a new emergency department medical office building, it addresses critical healthcare needs while fostering economic growth. The building not only features an emergency room and ancillary departments but also provides essential medical office space that supports healthcare professionals and services.
Through its participation in the New Market Tax Credit (NMTC) program, H-C Management Services has created job opportunities within the community, driving economic activity and bettering the local workforce. The facility enhances healthcare services for residents, ensuring that vital emergency care is readily accessible. This multifaceted approach underscores H-C Management Services Inc’s commitment to community improvement, reflecting its impact on both healthcare delivery and local economic revitalization.
This information is meant to be a general summary of H-C Management Services 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.
- Investment Income: $18
- Program Service Revenue: $190,000
- Gross Receipts: $190,018
Assets and Liabilities:
- Total Assets: $16,288,308
- Total Liabilities: $17,077,470
- Net Assets: -$789,162
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Affiliate Rent Income
Revenue
$190,000
Organization Details
Founding Year
1984
Phone
(413) 534-2567Principal Officer
Spiridon E Hatiras
Main Address
20 Hospital Drive, Holyoke, MA, 010406604
NTEE Category
Code: S47 - Community improvement
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