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Ocf Medical Facilities Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 464381058 ✦ New orleans, LA ✦ Designated as a 501(c)(2)

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Overview

What is Ocf Medical Facilities Inc?

Ocf Medical Facilities Inc is a nonprofit entity situated in New Orleans, Louisiana. Its primary role is to manage and oversee two properties on behalf of Ochsner Clinic Foundation, a related 501(c)(3) organization. This includes owning, developing, leasing, financing, and collecting income from these properties. Serving as a real estate intermediary, Ocf Medical Facilities Inc holds title to the real estate and handles property transactions, contributing to the supported organization's operations. Despite not having an explicitly stated mission, their work in real estate transactions is crucial for the functioning of Ochsner Clinic Foundation.

Is Ocf Medical Facilities Inc legitimate?

Ocf Medical Facilities Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ocf Medical Facilities 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 Ocf Medical Facilities Inc?

Ocf Medical Facilities Inc does not have a formally adopted mission statement on record. However, its primary activity involves managing real estate and conducting real estate transactions on behalf of Ochsner Clinic Foundation, a related 501(c)(3) organization. By overseeing two properties, Ocf Medical Facilities Inc plays a crucial role in supporting the foundation's objectives and operations. The company's work contributes to the overall mission of Ochsner Clinic Foundation, which is dedicated to advancing healthcare and medical research for the betterment of the community. While Ocf Medical Facilities Inc does not have a standalone mission, its role in real estate management effectively supports the broader mission of its partner organization.

Who is the CEO of Ocf Medical Facilities Inc?

Peter C November is the Director, Secretary of Ocf Medical Facilities Inc. The CEO's salary of Ocf Medical Facilities Inc is $0 and their total compensation is $9,938,052.

What is the revenue of Ocf Medical Facilities Inc?

Ocf Medical Facilities Inc's revenue in 2021 was $6,205,815.

Who are the executives of Ocf Medical Facilities Inc and what are their salaries?


Here are 5 key members and their salaries (Ocf Medical Facilities Inc's CEO's salary is $0 and their total compensation is $9,938,052):


Michael F Hulefeld (Director, Vice President)
  • Compensation: $0
  • Related: $2,201,605
  • Other: $305,687
Peter C November (Director, Secretary)
  • Compensation: $0
  • Related: $2,198,415
  • Other: $378,814
Scott J Posecai (Director, Treasurer)
  • Compensation: $0
  • Related: $3,619,506
  • Other: $565,951
Donald Puglisi (Independent Director)
  • Compensation: $0
  • Related: $10,800
  • Other: $0
Warner L Thomas (Director, President/Ceo)
  • Compensation: $0
  • Related: $9,155,980
  • Other: $782,072
Where can I find the form 990 for Ocf Medical Facilities Inc?

Ocf Medical Facilities Inc's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Ocf Medical Facilities Inc

Ocf Medical Facilities Inc, as per the provided information, does not have a board-adopted mission statement. However, its primary activity revolves around holding title to real estate and performing real estate transactions for a related 501(C)(3) corporation, Ochsner Clinic Foundation. In essence, Ocf Medical Facilities Inc acts as a real estate manager, overseeing the ownership, development, leasing, financing, and income collection from two properties on behalf of Ochsner Clinic Foundation. While this organization does not have a specific mission statement, its role in real estate management contributes to the broader goals and operations of Ochsner Clinic Foundation.

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Impact




October, 2024

Ocf Medical Facilities Inc plays a significant role in the real estate and healthcare sectors by managing properties that support the operations of the Ochsner Clinic Foundation. By owning, developing, leasing, financing, and collecting income from these properties, Ocf Medical Facilities Inc ensures that essential healthcare services are provided efficiently in New Orleans, Louisiana.

The organization enhances community well-being by facilitating access to medical facilities, which is crucial for public health. The income generated from real estate transactions contributes to the sustainability of healthcare services in the area, ultimately benefiting the community. Although there is no formally adopted mission statement, the activities carried out by Ocf Medical Facilities Inc directly align with community improvement efforts by supporting the infrastructure needed for health services.




This information is meant to be a general summary of Ocf Medical Facilities 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.

Revenue
$6,205,815 (2021)
Expenses
$4,206,509 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $6,205,815
  • Gross Receipts: $6,205,815

Assets and Liabilities:

  • Total Assets: $46,999,065
  • Total Liabilities: $36,312,345
  • Net Assets: $10,686,720

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT INC-SUPPORTED ORG

Revenue

$6,205,815

Organization Details

Founding Year

2013

Principal Officer

Peter C November

Main Address

1514 JEFFERSON HWY BH 546, NEW ORLEANS, LA, 70121

NTEE Category

Code: S47 - Community improvement

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