Overview
What is Grady Health Resources Inc?
Grady Health Resources Inc, a subsidiary of Grady Memorial Hospital Corporation, was established in 2015 with the aim of participating in the New Markets Tax Credit (NMTC) program sponsored by the U.S. Department of Treasury. The primary role of Grady Health Resources is to manage properties and collect income, distributing the proceeds to Grady Memorial Hospital Corporation, a 501(c)(3) nonprofit organization. The company was formed to facilitate Grady Memorial Hospital Corporation's involvement in the NMTC program, which provided an investor with a tax credit of 39% over a seven-year period. The company's mission is to perform all necessary and useful acts to support the purpose of Grady Memorial Hospital Corporation as stated in their articles of incorporation.
Official website here: www.gradyhealth.org
Is Grady Health Resources Inc legitimate?
Grady Health Resources Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Grady Health Resources 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
Official website here: www.gradyhealth.org
What is the mission statement of Grady Health Resources Inc?
Grady Health Resources Inc's primary role is to manage property and collect income. The primary objective is to distribute these funds to Grady Memorial Hospital Corporation, a 501(c)(3) organization. The organization's mission goes beyond this, extending to performing actions deemed necessary to support the hospital's purpose as outlined in its articles of incorporation. This may include exercising all other powers and authorities enjoyed by a corporation, as per the Georgia Nonprofit Corporation Code, provided it adheres to the limitations of section 501(c)(2) of the Internal Revenue Code. The board of directors has the authority to determine what actions are necessary, useful, advisable, or conductive to carrying out the corporation's purpose.
Official website here: www.gradyhealth.org
Who is the CEO of Grady Health Resources Inc?
Anthony Saul is the Director & Chief Exec Offi of Grady Health Resources Inc.
Official website here: www.gradyhealth.org
What is the revenue of Grady Health Resources Inc?
Grady Health Resources Inc's revenue in 2022 was $730,419.
Official website here: www.gradyhealth.org
Who are the executives of Grady Health Resources Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.gradyhealth.org
Where can I find the form 990 for Grady Health Resources Inc?
Grady Health Resources Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gradyhealth.org
Learn more at the official website: www.gradyhealth.org
Mission Statement of Grady Health Resources Inc
Grady Health Resources Inc, as a nonprofit organization, is primarily tasked with holding title to property and collecting income. The primary objective is to distribute these funds to Grady Memorial Hospital Corporation, a 501(c)(3) organization. This distribution is intended to support the hospital's charitable activities. Beyond this, Grady Health Resources Inc has the authority to perform any acts deemed necessary to carry out the purpose of the corporation, as outlined in its articles of incorporation. This flexibility allows the organization to act in the best interest of Grady Memorial Hospital Corporation, ultimately contributing to its mission to provide healthcare services to the community. The Board of Directors plays a crucial role in determining the actions taken by Grady Health Resources Inc, ensuring that its efforts align with the purpose of the corporation as defined in the Georgia Nonprofit Corporation Code, while adhering to the limitations set forth in Section 501(c)(2) of the Internal Revenue Code.
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Impact
October, 2024
Grady Health Resources Inc plays a crucial role in supporting Grady Memorial Hospital Corporation's financial health and operational sustainability. By holding title to property and managing income generated from these assets, Grady Health Resources facilitates essential funding that is redistributed to Grady Memorial Hospital. This financial support is vital for maintaining and improving healthcare services in Atlanta, Georgia.
Through its participation in the New Markets Tax Credit (NMTC) program, Grady Health Resources has enabled significant investments that contribute to community development. This program allows for tax credits, which incentivize substantial capital inflow into the healthcare facilities, ultimately enhancing infrastructure and services provided by Grady Memorial Hospital. By leveraging these financial mechanisms, Grady Health Resources not only bolsters the hospital's resources but also supports broader community improvement initiatives.
The organizational structure and mission of Grady Health Resources are designed to optimize the financial operations of Grady Memorial Hospital, ensuring that it can deliver high-quality healthcare to its patients. By executing these objectives effectively, Grady Health Resources contributes to the overall well-being of the community it serves.
This information is meant to be a general summary of Grady Health Resources 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.
- Program Service Revenue: $730,419
- Gross Receipts: $730,419
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE INCOME
Revenue
$730,419
Organization Details
Founding Year
2015
Phone
(404) 616-1846Principal Officer
Anthony Saul
Main Address
80 JESSE HILL JR DRIVE SE, ATLANTA, GA, 30303
Website
www.gradyhealth.orgNTEE Category
Code: S47 - Community improvement
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