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Nonprofiteer
← COMMUNIHEALTH DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by COMMUNIHEALTH DEVELOPMENT CORPORATION.

Totals

Total revenue
$115,711
Total expenses
$488,712
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$100,000
Investment income
$15,711
Other revenue
$0
Total assets, end of year
$11,486,403
Total liabilities, end of year
$11,916,089
Net assets or fund balances, end of year
-$429,686
Program services expenses (Part IX)
$454,852
Management and general expenses
$33,860
Fundraising expenses
$0
Program service expenses (Part III)
$454,852

Program services were 93.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Rental Income

    total $100,000 · related or exempt $100,000

  • 3 · Investment income

    total $15,711 · excluded $15,711

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $50,975 · program services $42,819 · management and general $8,156

  • 11g · Fees: other

    total $32,500 · program services $32,500

  • 20 · Interest

    total $159,952 · program services $134,360 · management and general $25,592

  • 22 · Depreciation, depletion and amortization

    total $242,134 · program services $242,134

  • 24a · Other expenses: Miscellaneous

    total $112 · management and general $112

  • 24b · Other expenses: Supplies

    total $3,039 · program services $3,039

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,157,522 · end of year $48,465

  • 2 · Savings and temporary cash investments

    end of year $951,916

  • 10a · Land, buildings and equipment: cost or other basis

    $10,723,956

  • 10b · Land, buildings and equipment: accumulated depreciation

    $242,134

  • 10c · Land, buildings and equipment, net

    beginning of year $9,362,435 · end of year $10,481,822

  • 15 · Other assets

    end of year $4,200

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,235,297 · end of year $462,383

  • 23 · Secured mortgages and notes payable

    beginning of year $11,306,063 · end of year $11,348,040

  • 25 · Other liabilities

    beginning of year $35,282 · end of year $105,666

  • 27 · Net assets without donor restrictions

    beginning of year -$56,685 · end of year -$429,686

Mission and programs · 2022

Mission

Communihealth Development Corp exists to support Morehouse Community Medical Ctrs, Inc. by assisting, through a New Market Tax Credit arrangement, in the development of a multi-use building utilized in the provision of rural community based health program for adults and children.

  • Supporting Morehouse Community Medical Centers, Inc. by assisting, throuh a New Market Tax Credit arrangement, in the development of a multi-use building utilized in the provision of rural community based health programs for adults and children.

    Expenses $454,852 · Revenue $100,000

As filed on the 2022 return.

Listed in Part VII

  • Brandon Maxwell

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Brenda Norman

    Vice-President

    Total calculated
    $0
    Hours/week
    5

  • Kay King

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Katie Parnell

    President-CEO

    Total calculated
    $0
    Hours/week
    5

  • Joe Derry

    Board Member-CFO

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
25 January 2024
IRS schema version
2022v5.0
Source object
202420859349300247

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