Overview
What is Healthcura Real Estate Inc?
Healthcura Real Estate Inc, based in Chicago, Illinois, serves as a title-holding company for Access Community Health Network. Its primary role is to manage property titles and collect income generated from these properties. The entire income, after deducting expenses, is then transferred to its sole beneficiary, Access Community Health Network. This strategic partnership allows for the efficient use of real estate resources to support the broader healthcare network's operations.
Is Healthcura Real Estate Inc legitimate?
Healthcura Real Estate Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Healthcura Real Estate 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 Healthcura Real Estate Inc?
Healthcura Real Estate Inc. is primarily established for the purpose of holding title to property. Its primary function is to collect income derived from these properties and distribute the net income, after accounting for expenses, to its sole member, Access Community Health Network. This real estate title holding company serves as a financial intermediary, transferring the majority of its earnings to its affiliated entity, ensuring its continued operations and growth.
Who is the CEO of Healthcura Real Estate Inc?
Mahomed Ouedraogo is the President of Healthcura Real Estate Inc.
What is the revenue of Healthcura Real Estate Inc?
Healthcura Real Estate Inc's revenue in 2022 was $1,110,000.
Who are the executives of Healthcura Real Estate Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $886,162
- Other: $30,321
- Compensation: $0
- Related: $191,902
- Other: $20,874
- Compensation: $0
- Related: $395,527
- Other: $43,739
Where can I find the form 990 for Healthcura Real Estate Inc?
Healthcura Real Estate Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Healthcura Real Estate Inc
Healthcura Real Estate Inc, as per its mission, is a title holding company with a singular focus. Organized specifically for this purpose, its primary role is to hold title to property, collect income generated from it, and subsequently, after deducting expenses, transfer the remaining amount entirely to its sole member, Access Community Health Network. In essence, Healthcura Real Estate Inc serves as a financial intermediary, facilitating the flow of income derived from property ownership to its affiliate, Access Community Health Network.
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Impact
October, 2024
Healthcura Real Estate Inc plays a significant role in enhancing community health by managing and holding real estate properties for Access Community Health Network. By serving as a title holding company, it supports the infrastructure necessary for health services delivery, ensuring that the properties are maintained and utilized effectively.
The impact of Healthcura extends beyond simple property management; it collects income from its holdings, which is then reinvested, less expenses, into Access Community Health Network. This financial structure enables continued investment in community health initiatives, thereby improving access to essential health services for residents in the Chicago area.
As part of its mission, Healthcura contributes to community improvement by facilitating the operation of facilities that provide healthcare, thereby fostering a healthier community environment. Its existence underscores the importance of integrating real estate strategies with health service delivery to enhance overall public health outcomes.
This information is meant to be a general summary of Healthcura Real Estate 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: $1,110,000
- Gross Receipts: $1,110,000
Assets and Liabilities:
- Total Assets: $20,105,790
- Total Liabilities: $19,243,927
- Net Assets: $861,863
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,110,000
Organization Details
Founding Year
2018
Phone
(312) 526-2100Principal Officer
Mahomed Ouedraogo
Main Address
600 W FULTON STREET 200, CHICAGO, IL, 606611262
NTEE Category
Code: S47 - Community improvement
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