Overview
What is Hospice Charitable Properties Inc?
Hospice Charitable Properties Inc, a subsidiary of Hinds Hospice, is a nonprofit organization based in Fresno, California. Its primary function is to hold title to commercial properties and manage the rental activities, with Hinds Hospice serving as the primary tenant. The organization collects income from these properties and subsequently transfers the net income to Hinds Hospice, a tax-exempt parent organization, as per Internal Revenue Code Section 501(c)(2). This arrangement enables Hospice Charitable Properties Inc to contribute to the mission of Hinds Hospice, which is dedicated to providing palliative care services to individuals and their families facing life-limiting illnesses.
Is Hospice Charitable Properties Inc legitimate?
Hospice Charitable Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Hospice Charitable Properties 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 Hospice Charitable Properties Inc?
Hospice Charitable Properties Inc serves a specific purpose, acting as a title-holding corporation under Internal Revenue Code Section 501(c)(2). Its primary function is to manage rental activities for commercial properties, with Hinds Hospice serving as the anchor tenant. The corporation collects income from these properties and subsequently transfers the net income to Hinds Hospice, which is its tax-exempt parent organization. The primary goal of Hospice Charitable Properties Inc is to support Hinds Hospice financially, contributing to its mission as a non-profit public benefit corporation. By holding title to properties and managing their rentals, Hospice Charitable Properties Inc plays a crucial role in supporting the overall operations of Hinds Hospice.
Who is the CEO of Hospice Charitable Properties Inc?
Eric Klimes is the Ceo/President of Hospice Charitable Properties Inc. The CEO's salary of Hospice Charitable Properties Inc is $0 and their total compensation is $318,274.
What is the revenue of Hospice Charitable Properties Inc?
Hospice Charitable Properties Inc's revenue in 2022 was -$287,187.
Who are the executives of Hospice Charitable Properties Inc and what are their salaries?
Here are 2 key members and their salaries (Hospice Charitable Properties Inc's CEO's salary is $0 and their total compensation is $318,274):
- Compensation: $0
- Related: $292,073
- Other: $26,201
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hospice Charitable Properties Inc?
Hospice Charitable Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hospice Charitable Properties Inc
Hospice Charitable Properties Inc, as a subsidiary of Hinds Hospice, serves a unique role. Its primary mission is to hold title to various properties and generate income from these holdings. This income is then transferred to Hinds Hospice, a 501(c)(3) non-profit organization, in accordance with Internal Revenue Code Section 501(c)(2). By acting as a title-holding corporation, Hospice Charitable Properties Inc plays a crucial role in supporting Hinds Hospice, enabling it to carry out its charitable activities more effectively. The organization's mission is to provide a steady stream of income by managing rental properties, with Hinds Hospice serving as the anchor tenant in some cases. Additionally, Hospice Charitable Properties Inc may also receive and manage other charitable bequests of properties, further contributing to the net income that supports Hinds Hospice's operations.
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Impact
October, 2024
Hospice Charitable Properties Inc plays a crucial role in supporting the operations of Hinds Hospice by holding title to properties that generate income. This structured approach allows for the management of commercial real estate, with the revenue produced directly benefiting Hinds Hospice. By collecting rental income, HCPI ensures a steady financial resource for Hinds Hospice, facilitating its mission to provide compassionate care and support for individuals nearing the end of life.
The organization also provides a mechanism for acquiring charitable bequests of properties, further expanding the potential revenue stream. This not only bolsters the financial foundation of Hinds Hospice but also underlines a commitment to community improvement through real estate management. Overall, HCPI's operations have a significant positive impact on the healthcare services offered by Hinds Hospice, enhancing accessibility and quality of care for those in need.
This information is meant to be a general summary of Hospice Charitable Properties 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: $25,087
- Gross Receipts: $279,870
Assets and Liabilities:
- Total Assets: $4,808,540
- Total Liabilities: $6,191,865
- Net Assets: -$1,383,325
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Organization Details
Founding Year
2012
Phone
(559) 777-6452Principal Officer
Eric Klimes
Main Address
2490 W Shaw Suite 101, Fresno, CA, 93711
NTEE Category
Code: S50 - Community improvement
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