Overview
What is Oic Holding Corp?
Oic Holding Corp is a holding company established with the primary purpose of managing real estate for Orthopaedic Hospital, in line with the New Market Tax Credit Program. As a nonprofit organization, it does not engage in fundraising or operational activities. Its primary charitable function is to support Orthopaedic Hospital by leasing out its building and offices, thereby contributing to the hospital's mission and objectives.
Official website here: www.ortho-institute.org
Is Oic Holding Corp legitimate?
Oic Holding Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oic Holding Corp 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.ortho-institute.org
What is the mission statement of Oic Holding Corp?
Oic Holding Corp's mission is centered around supporting the charitable functions and objectives of Orthopaedic Hospital (OIC). This is primarily achieved by leasing out its building and offices to OIC. The company was established as a holding company, with no independent fundraising or operational activities, in connection with the New Market Tax Credit Program. Its primary role is to contribute to the charitable goals of Orthopaedic Hospital through real estate leasing.
Official website here: www.ortho-institute.org
Who is the CEO of Oic Holding Corp?
Anthony Scaduto Md is the Chair (Outgoing) of Oic Holding Corp. The CEO's salary of Oic Holding Corp is $0 and their total compensation is $792,511.
Official website here: www.ortho-institute.org
What is the revenue of Oic Holding Corp?
Oic Holding Corp's revenue in 2022 was $227,360.
Official website here: www.ortho-institute.org
Who are the executives of Oic Holding Corp and what are their salaries?
There 4 volunteers at Oic Holding Corp.
Here are 6 key members and their salaries (Oic Holding Corp's CEO's salary is $0 and their total compensation is $792,511):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $789,379
- Other: $3,132
- Compensation: $0
- Related: $395,534
- Other: $39,926
Official website here: www.ortho-institute.org
Where can I find the form 990 for Oic Holding Corp?
Oic Holding Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ortho-institute.org
Learn more at the official website: www.ortho-institute.org
Mission Statement of Oic Holding Corp
Oic Holding Corp, as a holding company, is committed to fulfilling the charitable functions and pursuing the charitable purposes of Orthopaedic Hospital (OIC) primarily by leasing out its building and offices to the hospital. The organization was established with the New Market Tax Credit Program in mind, and it does not engage in any fundraising or operational activities of its own. Instead, it focuses on providing a suitable space for OIC to carry out its mission of delivering healthcare services in the field of orthopaedics. By leasing its property to OIC, Oic Holding Corp contributes to the broader goal of enhancing healthcare access and quality within the charitable sector.
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Impact
October, 2024
Oic Holding Corp significantly impacts the healthcare landscape by providing essential support infrastructure for Orthopaedic Hospital (OIC) in Los Angeles, California. Through its operations, it leases buildings and office spaces that facilitate the hospital's charitable functions, ensuring that resources are allocated efficiently to enhance patient care.
By holding real estate specifically for OIC and participating in the New Market Tax Credit Program, Oic Holding Corp plays a critical role in sustaining the operational framework necessary for the hospital to carry out its mission. This arrangement not only underscores the importance of physical space in delivering health services but also enables OIC to focus on its core activities, ultimately benefiting the community it serves. The strategic management of real estate resources by Oic Holding Corp helps to maintain and improve healthcare access, promoting better health outcomes for the population reliant on orthopaedic services.
This information is meant to be a general summary of Oic Holding Corp. 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: $227,360
- Gross Receipts: $227,360
Assets and Liabilities:
- Total Assets: $38,360,787
- Total Liabilities: $40,218,430
- Net Assets: -$1,857,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$213,301
RELEASE FROM RESTRICTIONS
Revenue
$14,000
OTHER OPERATING INCOME
Revenue
$59
Organization Details
Founding Year
2017
Phone
(213) 742-1000Principal Officer
Anthony Scaduto Md
Main Address
403 WEST ADAMS BLVD, LOS ANGELES, CA, 900072664
Website
www.ortho-institute.orgNTEE Category
Code: E19 - Health
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