Overview
What is Lchc Holdings Inc?
Lchc Holdings Inc is a nonprofit organization, established with the primary purpose of holding title to real property and collecting income derived from it. The organization, located in Lanai City, Hawaii, operates under the tax-exempt status granted by Section 501(c)3 of the Internal Revenue Code. The income collected is then passed on, after deducting expenses, to Lanai Community Health Center Inc., a fellow nonprofit organization dedicated to promoting health and wellbeing within the community. Lchc Holdings Inc serves as a financial facilitator, providing resources to support the mission of its affiliated organization.
Is Lchc Holdings Inc legitimate?
Lchc Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Lchc Holdings 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
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What is the mission statement of Lchc Holdings Inc?
LCHC Holdings Inc was established with the primary purpose of holding title to real property and collecting income from it. The main objective is to then remit the entire amount, less expenses, to Lanai Community Health Center Inc, a nonprofit organization that is exempt from federal income tax under Section 501(c)3 of the Internal Revenue Code. This transfer of funds is intended to support the mission of Lanai Community Health Center Inc, which is to provide healthcare services to the community. LCHC Holdings Inc serves as a financial intermediary, enabling the health center to focus on its core mission of delivering healthcare services.
In simpler terms, LCHC Holdings Inc was created to manage real estate properties, generate income, and donate the proceeds to Lanai Community Health Center Inc, a nonprofit organization dedicated to providing healthcare services to the community. By doing so, LCHC Holdings Inc plays a crucial role in supporting the vital work of the health center.
What is the revenue of Lchc Holdings Inc?
Lchc Holdings Inc's revenue in 2023 was $1,588.
Who are the executives of Lchc Holdings Inc and what are their salaries?
There 3 volunteers at Lchc Holdings Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $124,879
- Other: $11,370
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $86,984
- Other: $9,854
Where can I find the form 990 for Lchc Holdings Inc?
Lchc Holdings Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lchc Holdings Inc
Lchc Holdings Inc, as established, serves the purpose of holding title to real property and collecting income derived from it. This income is then remitted to Lanai Community Health Center Inc, a nonprofit organization exempt from federal income tax under Section 501(c)3 of the Internal Revenue Code. In simpler terms, Lchc Holdings Inc acts as a financial intermediary, collecting income from real estate and channeling it to Lanai Community Health Center Inc, which utilizes these funds to carry out its mission of providing healthcare services to the community. The role of Lchc Holdings Inc is essential in supporting Lanai Community Health Center Inc's operations, enabling it to continue delivering vital healthcare services to the community.
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Impact
October, 2024
Lchc Holdings Inc plays a critical role in supporting the Lanai Community Health Center by managing real estate assets and providing financial resources. By holding title to real property and collecting income generated from these assets, Lchc Holdings Inc ensures a steady flow of funding that aids in the operational stability and growth of the health center. This impact is vital for enhancing healthcare access and services in the Lanai City area, fostering overall community improvement and well-being. The financial transfers from Lchc Holdings Inc are instrumental in enabling the health center to operate effectively, allowing it to focus on delivering essential health services to the community.
This information is meant to be a general summary of Lchc Holdings 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 2023.
- Investment Income: $1,588
- Program Service Revenue: $56,166
- Gross Receipts: $1,588
Assets and Liabilities:
- Total Assets: $5,493,642
- Total Liabilities: $296,187
- Net Assets: $5,197,455
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$56,166
Organization Details
Founding Year
2014
Principal Officer
Cindylou Figuerres
NTEE Category
Code: S47 - Community improvement
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