Overview
What is Family Health Center Mckinney Inc?
Family Health Center Mckinney Inc. is a charitable organization established in support of the Family Health Center project, which aims to create a primary care medical facility accessible to all, regardless of financial capabilities. This initiative, part of the NMTC Program, encourages community development and economic growth through tax incentives attracting private investments to underprivileged areas. The organization's primary role is to hold the title or leasehold interest in property benefiting the North Texas Family Health Foundation, contributing to stronger, healthier communities through research, partnerships, and advocacy.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 65%)
Family Health Center McKinney Inc has received a two-star rating from Charity Navigator, signifying that the organization needs improvement in certain areas. While it excels in having a majority independent board and demonstrates strong accountability through no material diversion of assets, concerns arise regarding its financial practices, particularly a liabilities to assets ratio that significantly exceeds 100%.
The organization has implemented several robust governance policies, including a conflict of interest policy and the maintenance of board meeting minutes. However, it lacks a whistleblower policy and a document retention and destruction policy, both of which are critical for transparency and accountability. These gaps in governance could impact the overall trust and reliability perceived by stakeholders.
Despite these challenges, Family Health Center McKinney Inc shows a commendable program expense ratio, indicating that nearly all its expenses are directed towards its programs. This suggests a strong commitment to its mission, but the financial stability issues must be addressed to enhance its overall performance and rating.
This AI summary has been generated from information found on Charity Navigator.
Is Family Health Center Mckinney Inc legitimate?
Family Health Center Mckinney Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Health Center Mckinney 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
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Other Salaries and Wages: $0
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What is the mission statement of Family Health Center Mckinney Inc?
The Family Health Center Mckinney Inc. is established and operated solely for a charitable purpose, specifically to hold title to or a leasehold interest in property that benefits the North Texas Family Health Foundation. This center's mission aligns with the North Texas Family Health Foundation, which is dedicated to researching, partnering, and advocating for projects that promote stronger and healthier communities. The primary goal of these initiatives is to support the development of a primary care medical home for individuals, regardless of their financial capability. This endeavor is facilitated by the New Markets Tax Credit (NMTC) Program, which encourages community development and economic growth by attracting private investment to underserved areas.
Who is the CEO of Family Health Center Mckinney Inc?
James Tippit is the President of Family Health Center Mckinney Inc.
What is the revenue of Family Health Center Mckinney Inc?
Family Health Center Mckinney Inc's revenue in 2022 was $43,630.
Who are the executives of Family Health Center Mckinney Inc and what are their salaries?
There 5 volunteers at Family Health Center Mckinney Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Family Health Center Mckinney Inc?
Family Health Center Mckinney Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Family Health Center Mckinney Inc
Family Health Center Mckinney, Inc. is a charitable organization with a specific mission. It is set up to hold title to or a leasehold interest in property that benefits the North Texas Family Health Foundation. This foundation, in turn, focuses on researching, partnering, and advocating for projects that promote stronger, healthier communities. The primary objective of Family Health Center Mckinney, Inc. within this context is to support the development of a primary care medical home for individuals, regardless of their ability to pay. This project is part of the New Markets Tax Credit (NMTC) Program, which incentivizes community development and economic growth through the use of tax credits that attract private investment to disadvantaged areas. In essence, Family Health Center Mckinney, Inc. plays a crucial role in facilitating access to affordable primary healthcare for all in the community.
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Impact
October, 2024
Family Health Center McKinney Inc plays a crucial role in enhancing the health and well-being of the community in McKinney, Texas, by serving as a key facilitator for healthcare access. The center supports the development of a primary care medical home that is inclusive and accessible to all residents, irrespective of their financial circumstances. This commitment helps to bridge the healthcare gap for underserved populations, ensuring that individuals receive essential medical care without the burden of financial strain.
Through the use of tax credits provided by the New Markets Tax Credit (NMTC) Program, Family Health Center McKinney Inc attracts private investments that strengthen the local healthcare infrastructure. This approach not only promotes community development but also stimulates economic growth in distressed areas, fostering a healthier environment for all community members.
By focusing on partnerships, research, and advocacy, the center actively contributes to building stronger and healthier communities, ultimately enhancing the overall quality of life for those it serves. Its initiatives underscore the importance of accessible healthcare and the positive impact such services can have on individual and community health outcomes.
This information is meant to be a general summary of Family Health Center Mckinney 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.
- Investment Income: $43,630
- Gross Receipts: $43,630
Assets and Liabilities:
- Total Assets: $10,409,876
- Total Liabilities: $9,932,073
- Net Assets: $477,803
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Organization Details
Founding Year
2021
Phone
(214) 307-7574Principal Officer
James Tippit
Main Address
6657 VIRGINIA PARKWAY 600, MCKINNEY, TX, 75071
NTEE Category
Code: E11 - Health
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