Overview
What is Chestnut Health Qalicb Inc?
Chestnut Health Qalicb Inc is a nonprofit organization established to support Chestnut Health Systems Inc. Its primary role is to manage and enhance real estate properties, leasing them to Chestnut Health Systems Inc. Operating under Section 501(c)(3) of the Internal Revenue Code, its mission is to exclusively benefit and carry out the objectives of its parent organization, Chestnut Health Systems Inc. This nonprofit organization contributes to its parent company's operations by managing its real estate assets effectively.
Is Chestnut Health Qalicb Inc legitimate?
Chestnut Health Qalicb Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chestnut Health Qalicb 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 Chestnut Health Qalicb Inc?
Chestnut Health Qalicb Inc, as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code, is primarily established to support Chestnut Health Systems Inc. Its primary purpose is to manage and enhance real estate properties, leasing them to Chestnut Health Systems Inc, thereby contributing to its exempt objectives. The organization's main function is to aid Chestnut Health Systems Inc in carrying out its mission. Although the specifics of Chestnut Health Systems Inc's mission are not provided, it can be inferred that Chestnut Health Qalicb Inc serves to further its parent company's goals and objectives.
What is the revenue of Chestnut Health Qalicb Inc?
Chestnut Health Qalicb Inc's revenue in 2024 was $362,950.
Who are the executives of Chestnut Health Qalicb Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $363,716
- Other: $138,688
- Compensation: $0
- Related: $334,005
- Other: $87,452
- Compensation: $0
- Related: $249,971
- Other: $70,865
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Chestnut Health Qalicb Inc?
Chestnut Health Qalicb Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Chestnut Health Qalicb Inc
Chestnut Health Qalicb Inc, as a nonprofit organization, is primarily established to support Chestnut Health Systems Inc. Its mission is twofold: firstly, to hold and improve real estate properties, and secondly, to lease these properties to Chestnut Health Systems Inc. This mission is carried out under Section 501(c)(3) of the Internal Revenue Code, which exempts the organization from federal income tax for the sole benefit of its parent company. The purpose of Chestnut Health Qalicb Inc is to further the objectives of Chestnut Health Systems Inc, contributing to its overall operations and goals.
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Impact
October, 2024
Chestnut Health Qalicb Inc significantly enhances the operational capacity of Chestnut Health Systems, Inc. by holding, improving, and leasing real property essential for delivering health services. This strategic support enables Chestnut Health Systems to focus on its mission of providing accessible and effective health care, which is vital for community well-being. By managing real estate efficiently, Chestnut Health Qalicb Inc ensures that the facilities used for health services are well-maintained and tailored to meet the needs of the population it serves. This contribution directly impacts the quality of health care available in Bloomington, IL, fostering a healthier community.
This information is meant to be a general summary of Chestnut Health Qalicb 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 2024.
- Gross Receipts: $362,950
Assets and Liabilities:
- Total Assets: $6,752,074
- Total Liabilities: $7,694,292
- Net Assets: -$942,218
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Organization Details
Founding Year
2018
Principal Officer
David A Sharar
NTEE Category
Code: E20 - Health
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