Overview
What is Grady Wic Inc?
Grady Wic Inc, a wholly-owned subsidiary of Grady Memorial Hospital Corporation, was established with the purpose of participating in the New Markets Tax Credit (NMTC) program. This program, sponsored by the U.S. Department of Treasury, allows certain taxpayers to receive a credit against federal income taxes for making qualified equity investments in community development entities (CDEs). Grady Wic Inc holds title to property, collects income, and distributes it to Grady Memorial Hospital Corporation, a 501(c)(3) organization. The company's mission is to perform all necessary acts to carry out the purpose of the corporation, as set forth in its articles of incorporation, and to do whatever is deemed necessary, useful, advisable, or conductive to this end. In essence, Grady Wic Inc serves as a financial intermediary, leveraging tax incentives to support the operations and growth of Grady Memorial Hospital Corporation.
Official website here: www.gradyhealth.org
Is Grady Wic Inc legitimate?
Grady Wic Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Grady Wic 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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Official website here: www.gradyhealth.org
What is the mission statement of Grady Wic Inc?
Grady Wic Inc's mission is to manage property and collect income, which is then distributed to Grady Memorial Hospital Corporation, a non-profit organization as per the Internal Revenue Code Section 501(C)(3). The primary goal is to support the hospital corporation's activities. The organization also has the authority to carry out any actions deemed necessary to achieve its objectives, as determined by its board of directors. Additionally, Grady Wic Inc can perform any tasks that are beneficial to the hospital corporation, within the limits of Section 501(C)(2) of the Internal Revenue Code.
Official website here: www.gradyhealth.org
Who is the CEO of Grady Wic Inc?
Anthony Saul is the Director & President of Grady Wic Inc.
Official website here: www.gradyhealth.org
What is the revenue of Grady Wic Inc?
Grady Wic Inc's revenue in 2022 was $776,827.
Official website here: www.gradyhealth.org
Who are the executives of Grady Wic Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $2,069,579
- Other: $38,587
- Compensation: $0
- Related: $836,880
- Other: $52,103
- Compensation: $0
- Related: $760,965
- Other: $33,072
Official website here: www.gradyhealth.org
Where can I find the form 990 for Grady Wic Inc?
Grady Wic 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 Wic Inc
Grady Wic Inc, a nonprofit organization, has a mission to serve a higher purpose. Its primary objective is to hold title to property and collect income. This income, after covering expenses, is then distributed to Grady Memorial Hospital Corporation, an organization classified under Section 501(C)(3) of the Internal Revenue Code. Beyond this, Grady Wic Inc has the authority to undertake any actions considered necessary or beneficial to further the goals of Grady Memorial Hospital Corporation, as determined by its Board of Directors. The organization's scope of action is broad, allowing it to pursue any opportunities or initiatives that it deems beneficial to carrying out its purpose, as outlined in its Articles of Incorporation.
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Impact
October, 2024
Grady Wic Inc significantly impacts the community by facilitating financial support for Grady Memorial Hospital Corporation. Its primary function is to hold title to property, manage income generation, and distribute resources effectively to enhance the operations of GMHC.
Through strategic participation in the New Markets Tax Credit (NMTC) program, Grady Wic Inc has enabled substantial financial backing which ultimately improves healthcare services in Atlanta. By leveraging these tax credits, the organization attracts critical investment that contributes directly to community development. This approach not only enhances the economic vitality of the area but also bolsters healthcare accessibility and quality for local residents.
The structure of Grady Wic Inc allows it to act flexibly in support of various initiatives, with the mission centered on optimizing financial stewardship for the benefit of the hospital and its services. This dual focus on asset management and income distribution plays a crucial role in sustaining the hospital's growth and its ability to meet the evolving needs of the community it serves.
This information is meant to be a general summary of Grady Wic 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: $776,383
- Gross Receipts: $776,827
Assets and Liabilities:
- Total Assets: $30,938,095
- Total Liabilities: $24,289,287
- Net Assets: $6,648,808
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NMTC FAC LEASE INC WIC
Revenue
$776,383
Organization Details
Founding Year
2017
Phone
(404) 616-1846Principal Officer
Anthony Saul
Main Address
80 JESSE HILL JUNIOR DRIVE SE, ATLANTA, GA, 30303
Website
www.gradyhealth.orgNTEE Category
Code: S47 - Community improvement
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