Overview
What is Grady Cass Inc?
Grady Cass Inc, a subsidiary of Grady Memorial Hospital Corporation, was established to participate in the New Markets Tax Credit (NMTC) program sponsored by the U.S. Department of Treasury. The primary purpose of Grady Cass Inc is to hold title to property, collect income, and distribute it to Grady Memorial Hospital Corporation, a 501(c)(3) organization. This nonprofit entity's role is to facilitate the use of tax credits, providing an investor with a 39% credit against federal income taxes for making qualified equity investments in community development entities. Grady Cass Inc operates within the limitations of the Georgia Nonprofit Corporation Code, performing acts necessary to carry out its purpose and to benefit Grady Memorial Hospital Corporation.
Official website here: www.gradyhealth.org
Is Grady Cass Inc legitimate?
Grady Cass Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Grady Cass 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 Cass Inc?
Grady Cass Inc's mission is centered around holding property and collecting income, with the primary objective of distributing these funds to Grady Memorial Hospital Corporation, a non-profit organization under Section 501(C)(3) of the Internal Revenue Code. The income collected is intended for Grady Memorial Hospital Corporation, and any expenses incurred during this process are also covered. The organization has the authority to undertake any actions deemed necessary or beneficial to further its purpose, as determined by its board of directors. This purpose, as outlined in the Articles of Incorporation, includes carrying out the objectives of the corporation, subject to the limitations of Section 501(C)(2) of the Internal Revenue Code.
Official website here: www.gradyhealth.org
Who is the CEO of Grady Cass Inc?
Anthony Saul is the Director & President of Grady Cass Inc.
Official website here: www.gradyhealth.org
What is the revenue of Grady Cass Inc?
Grady Cass Inc's revenue in 2022 was $0.
Official website here: www.gradyhealth.org
Who are the executives of Grady Cass 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 Cass Inc?
Grady Cass 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 Cass Inc
Grady Cass Inc, as a nonprofit organization, is primarily tasked with maintaining ownership of property and generating income. This income is then channeled towards Grady Memorial Hospital Corporation, a 501(c)(3) organization, with the remaining expenses being covered. The mission of Grady Cass Inc extends beyond this, as it also holds the authority to undertake any actions deemed necessary to support Grady Memorial Hospital Corporation's purpose, as outlined in its articles of incorporation. The organization's scope of activities includes carrying out acts that are advantageous, useful, or beneficial to the corporation, in line with the provisions of the Georgia Nonprofit Corporation Code, subject to the limitations set by Section 501(c)(2) of the Internal Revenue Code. In essence, Grady Cass Inc serves as a crucial entity, providing financial support and enabling Grady Memorial Hospital Corporation to fulfill its mission.
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Impact
October, 2024
Grady Cass Inc. plays a crucial role in supporting the financial foundation of Grady Memorial Hospital Corporation in Atlanta, GA. By holding title to property and managing income generation, Grady Cass Inc. effectively channels resources that directly benefit Grady Memorial Hospital.
Through its participation in the New Markets Tax Credit (NMTC) program, the entity enhances investment opportunities that fuel community development while providing significant tax incentives to investors. This program allows Grady Cass to leverage federal tax credits, thereby attracting capital that can be reinvested into the hospital's operations and services.
The financial structure established by Grady Cass Inc. enables a steady flow of income, which is crucial for sustaining hospital programs and enhancing healthcare accessibility in the community. By supporting Grady Memorial Hospital’s mission, Grady Cass Inc. contributes to the overall improvement of community health outcomes and the economic vitality of the region. Its actions reflect a commitment to community improvement by facilitating necessary healthcare resources and enhancing the sustainability of essential services.
This information is meant to be a general summary of Grady Cass 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.
Assets and Liabilities:
- Total Assets: $238,822,855
- Total Liabilities: $42,984,150
- Net Assets: $195,838,705
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Organization Details
Founding Year
2017
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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