Overview
What is Mercy Property Holdings?
Mercy Property Holdings is a title holding company, situated in Toledo, Ohio. It serves as a representative for Mercy Health North LLC (MHN), preserving ownership rights to various properties. The company's primary role involves collecting income generated from these properties and subsequently transferring the net earnings, after deducting expenses, to MHN. Mercy Property Holdings plays a crucial role in facilitating the financial management of these properties on behalf of its parent organization.
Is Mercy Property Holdings legitimate?
Mercy Property Holdings is a legitimate nonprofit organization registered as a 501(c)(2) entity. Mercy Property Holdings 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 Mercy Property Holdings?
Mercy Property Holdings' primary role is to act as a title holding company for its parent organization, Mercy Health North LLC (MHN). Its mission is to collect income from these properties and subsequently transfer the total income, after deducting expenses, to its parent company. Essentially, Mercy Property Holdings serves as a financial intermediary, managing property titles and facilitating income transfers.
Who is the CEO of Mercy Property Holdings?
Unavailable
What is the revenue of Mercy Property Holdings?
Mercy Property Holdings's revenue in 2022 was $959,576.
Who are the executives of Mercy Property Holdings and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $536,367
- Other: $36,586
- Compensation: $0
- Related: $223,917
- Other: $14,017
- Compensation: $0
- Related: $252,042
- Other: $25,694
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mercy Property Holdings?
Mercy Property Holdings's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mercy Property Holdings
Mercy Property Holdings, as a title holding company, is tasked with maintaining ownership of properties on behalf of its parent organization, Mercy Health North LLC (MHN). Its primary objective is to collect income generated from these properties and subsequently transfer the total earnings, after deducting expenses, to MHN. Essentially, Mercy Property Holdings acts as a financial intermediary, ensuring the smooth flow of income from its property portfolio to its parent company.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Mercy Property Holdings plays a vital role in supporting the financial health of Mercy Health North LLC (MHN) by managing property titles and generating income from these assets. By efficiently holding and overseeing properties, Mercy Property Holdings ensures a steady flow of revenue that strengthens MHN's overall operations and capacity to deliver healthcare services. Located in Toledo, OH, the organization focuses on maximizing the income derived from its real estate portfolio while minimizing operational expenses, ultimately channeling resources back into MHN. This operational model enhances financial stability, allowing MHN to allocate more funds towards its health-related initiatives, which positively impacts the community by supporting accessible and quality healthcare.
This information is meant to be a general summary of Mercy Property Holdings. 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.
- Program Service Revenue: $959,576
- Gross Receipts: $959,576
Assets and Liabilities:
- Total Assets: $2,221,580
- Total Liabilities: $164,748
- Net Assets: $2,056,832
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent revenue
Revenue
$959,576
Organization Details
Founding Year
2012
Phone
(513) 592-5000Main Address
2200 JEFFERSON AVENUE, TOLEDO, OH, 436047103
NTEE Category
Code: E19 - Health
If you are a representative of Mercy Property Holdings and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.