Overview
What is Communihealth Development Corporati?
Communihealth Development Corporation is a nonprofit organization situated in Bastrop, Louisiana, with an address at 314 N Franklin Street. Their primary mission is to aid Morehouse Community Medical Centers, Inc. in developing a multi-purpose facility that caters to rural health programs for both adults and children. This initiative is facilitated through a New Market Tax Credit arrangement, which is a strategic approach to encourage investment in underserved areas. The goal is to enhance the delivery of community-based healthcare services in these regions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Communihealth Development Corporation has earned a solid Three-Star rating from Charity Navigator, reflecting its strengths in accountability and finance. The organization has a high program expense ratio of 90.73%, indicating that a significant portion of its funding is directed towards its mission-related activities. Furthermore, it boasts a fully independent board and adheres to important governance practices, such as having a conflict of interest policy and a whistleblower policy in place.
Despite these strengths, the organization faces challenges with its liabilities, as indicated by a liabilities to assets ratio of 103.74%, which may raise concerns regarding financial stability. Overall, while Communihealth Development Corporation demonstrates a commitment to transparency and effective use of resources, potential donors should consider the implications of its financial ratios when evaluating its long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Communihealth Development Corporati legitimate?
Communihealth Development Corporati is a legitimate nonprofit organization registered as a 501(c)(3) entity. Communihealth Development Corporati 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 Communihealth Development Corporati?
Communihealth Development Corporation's mission is centered around supporting Morehouse Community Medical Centers, Inc. This support is primarily provided through a New Market Tax Credit arrangement, aiming to facilitate the development of a multi-purpose building. This facility is intended for the delivery of rural community-based health programs, catering to both adults and children. The organization's objective is to contribute to the enhancement of healthcare accessibility in these communities.
Who is the CEO of Communihealth Development Corporati?
Brenda Norman is the Vice-President of Communihealth Development Corporati. The CEO's salary of Communihealth Development Corporati is $0 and their total compensation is $0.
What is the revenue of Communihealth Development Corporati?
Communihealth Development Corporati's revenue in 2022 was $650.
Who are the executives of Communihealth Development Corporati and what are their salaries?
There 5 volunteers at Communihealth Development Corporati.
Here are 5 key members and their salaries (Communihealth Development Corporati's CEO's salary is $0 and their total compensation is $0):
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Communihealth Development Corporati?
Communihealth Development Corporati's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Communihealth Development Corporati
Communihealth Development Corporation, a nonprofit organization, is dedicated to supporting Morehouse Community Medical Centers, Inc. by facilitating the development of a multi-purpose building. This facility is intended for the provision of rural community-based health programs, catering to both adults and children. By leveraging a New Market Tax Credit arrangement, Communihealth Development Corporation aims to contribute significantly to the realization of these health programs. The organization's mission is to enhance access to essential healthcare services in rural communities, thereby improving the overall well-being of the population.
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Impact
October, 2024
Communihealth Development Corporation significantly impacts the health landscape of rural communities by facilitating the establishment of a multi-use building that provides essential health programs for both adults and children. By supporting Morehouse Community Medical Centers, Inc. through a New Market Tax Credit arrangement, the organization enhances access to vital healthcare services in areas that may otherwise be underserved. This initiative fosters comprehensive healthcare support, improving the overall well-being of the community and addressing specific health needs that are prevalent in rural populations. The collaborative efforts aim to create a sustainable model for health service delivery, ensuring ongoing support and resources for community health initiatives.
This information is meant to be a general summary of Communihealth Development Corporati. 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.
- Investment Income: $650
- Gross Receipts: $650
Assets and Liabilities:
- Total Assets: $12,519,957
- Total Liabilities: $12,576,642
- Net Assets: -$56,685
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Organization Details
Founding Year
2020
Principal Officer
Brenda Norman
Main Address
314 N Franklin Street, Bastrop, LA, 71220
NTEE Category
Code: E11 - Health
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