Overview
What is Grhs Foundation Inc?
Grhs Foundation Inc, located in Rochester, New York, is a nonprofit organization primarily focused on operating real property investments, encompassing medical/office buildings, a parking garage, apartments, and lands, as well as maintaining financial investments on behalf of its affiliates. Its primary mission is to benefit Rochester Regional Health and its affiliates by accepting, holding, investing, reinvesting, and administering gifts, grants, bequests, contributions, devises, benefits of trusts, endowments, and property, using the income and/or principal for the stated purposes. The organization, which has 132 employees, does not operate for the pecuniary profit or financial gain of its members, directors, officers, or any other private person.
Official website here: www.rochesterregional.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Grhs Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in several areas. With an overall score of 66%, the organization demonstrates strong program expense ratios, allocating nearly 94% of its funds to program services, which suggests a commitment to its mission. However, the organization struggles with governance, particularly concerning board independence, with only 33% of board members being independent.
While Grhs Foundation Inc has implemented essential policies such as conflict of interest and whistleblower protections, it faces challenges regarding its financial oversight. The absence of independent board members and a lack of transparency in financial documents, specifically the missing tax form on its website, further contribute to its lower rating. The high liabilities to assets ratio (79.83%) raises concerns about financial stability, necessitating attention to financial management practices.
In summary, while Grhs Foundation Inc shows a strong focus on programmatic spending, it must address governance weaknesses and improve transparency to enhance its overall accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Grhs Foundation Inc legitimate?
Grhs Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grhs Foundation 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: $67,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,891,865
For more financial information, click here
Official website here: www.rochesterregional.org
What is the mission statement of Grhs Foundation Inc?
Grhs Foundation Inc is dedicated to supporting Rochester Regional Health and its affiliates. The foundation's primary goal is to manage and administer donations, grants, and contributions for the benefit of the health organization. The income and principal of these funds are used exclusively for the organization's purposes. The foundation engages in any related activities or actions that further its objectives, all without financial gain for its members or directors.
Official website here: www.rochesterregional.org
Who is the CEO of Grhs Foundation Inc?
Hugh Thomas is the Cao of Grhs Foundation Inc. The CEO's salary of Grhs Foundation Inc is $861 and their total compensation is $47,653.
Official website here: www.rochesterregional.org
What is the revenue of Grhs Foundation Inc?
Grhs Foundation Inc's revenue in 2022 was $43,547,365.
Official website here: www.rochesterregional.org
Who are the executives of Grhs Foundation Inc and what are their salaries?
The average compensation at Grhs Foundation Inc during 2022 was $45,148. There are 132 employees at Grhs Foundation Inc.
Here are 11 key members and their salaries (Grhs Foundation Inc's CEO's salary is $861 and their total compensation is $47,653):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $23,527
- Related: $1,270,487
- Other: $11,213
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $24,236
- Related: $1,308,772
- Other: -$231,918
- Compensation: $26,619
- Related: $1,437,405
- Other: -$194,485
- Compensation: $263,755
- Related: $0
- Other: $6,287
- Compensation: $132,814
- Related: $0
- Other: $4,796
- Compensation: $121,385
- Related: $0
- Other: $1,444
- Compensation: $115,694
- Related: $0
- Other: $4,237
- Compensation: $109,575
- Related: $0
- Other: $4,551
- Compensation: $861
- Related: $46,499
- Other: $293
Official website here: www.rochesterregional.org
Where can I find the form 990 for Grhs Foundation Inc?
Grhs Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rochesterregional.org
Learn more at the official website: www.rochesterregional.org
Mission Statement of Grhs Foundation Inc
Grhs Foundation Inc, a nonprofit organization, is dedicated to supporting Rochester Regional Health and its affiliates. The primary objective of the Foundation is to manage and distribute funds raised for the benefit of the health organization and its related entities.
Grhs Foundation Inc functions as a charitable entity, accepting, holding, investing, reinvesting, and administering gifts, grants, bequests, contributions, devises, benefits of trusts, endowments, and property of any kind. The Foundation's mission is to use the income and/or principal from these sources exclusively for the benefit of Rochester Regional Health and its affiliates. The organization carries out various activities to further this purpose, doing any other act or thing incidental to or connected with the foregoing objectives. The Foundation's members, directors, officers, and other private persons do not derive pecuniary profit or financial gain from the organization's operations.
In essence, Grhs Foundation Inc serves as a vital fundraising and financial management partner for Rochester Regional Health and its affiliates. The Foundation's mission is to facilitate the growth and success of the health organization by accepting and managing charitable contributions and investing them towards the organization's goals. The Foundation's role is essential in ensuring the longevity and financial stability of Rochester Regional Health, ultimately contributing to the betterment of the healthcare services provided to the community.
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Impact
October, 2024
Grhs Foundation Inc has a significant impact on the Rochester community, primarily through its dedicated support of Rochester Regional Health and its affiliates. By managing and operating real estate investments, including medical and office buildings, a parking garage, apartments, and various parcels of land, the foundation plays a crucial role in enhancing the infrastructure available for healthcare services.
The foundation accepts and manages gifts, grants, and bequests, enabling it to maintain financial investments that benefit local healthcare initiatives. Such strategic financial stewardship allows for the continuous improvement and expansion of healthcare facilities and services, ultimately fostering better health outcomes for the community.
In addition, the foundation's activities contribute to the overall community improvement by providing necessary spaces for healthcare delivery and potentially reducing barriers to accessing medical services. This multifaceted approach ensures that resources are efficiently utilized to support the health and well-being of the residents in Rochester, NY.
This information is meant to be a general summary of Grhs Foundation 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: $7,979
- Program Service Revenue: $43,826,976
- Gross Receipts: $43,547,365
Assets and Liabilities:
- Total Assets: $147,503,139
- Total Liabilities: $116,154,679
- Net Assets: $31,348,460
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$23,800,545
RASC PATIENT REVENUE
Revenue
$20,026,431
Organization Details
Founding Year
1995
Phone
(585) 922-1595Principal Officer
Hugh Thomas
Main Address
100 KINGS HIGHWAY SOUTH, ROCHESTER, NY, 14617
Website
www.rochesterregional.orgNTEE Category
Code: S50Z - Community improvement
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