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Nonprofiteer
← PINNACLE ASSET HOLDINGS INC

Form 990 for tax year 2022

Filed by PINNACLE ASSET HOLDINGS INC.

Totals

Total revenue
-$53,014
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$53,014
Total assets, end of year
$1,910,466
Total liabilities, end of year
$1,963,480
Net assets or fund balances, end of year
-$53,014
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 6b · Less rental expenses

    real property $53,014

  • 6c · Rental income or loss

    real property -$53,014

  • 6d · Net rental income or loss

    total -$53,014 · excluded -$53,014

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $28,806

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

    $1,881,660

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $1,881,660

  • 23 · Secured mortgages and notes payable

    end of year $1,500,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $463,480

  • 27 · Net assets without donor restrictions

    end of year -$53,014

Mission and programs · 2022

Mission

THIS CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE PURPOSES OF PURCHASING, MORTGAGING, AND MAINTAINING REAL ESTATE FOR THE USE OF PINNACLE FAMILY HEALTH, INC., FORMERLY NAMED THE GREATER OUACHITA COALITION PROVIDING AIDS RESOURCES AND EDUCATION, INC. (D/B/A GO CARE COMMUNITY HEALTH CENTER), AND TO DISTRIBUTE ALL OF ITS INCOME TO PINNACLE FAMILY HEALTH, INC., AT LEAST ANNUALLY.

  • THE ENTITY'S SOLE PURPOSE IS TO OWN AND TO LEASE TO PINNACLE FAMILY HEALTH, INC. THE HEALTHCARE FACILITY OCCUPIED BY PINNACLE FAMILY HEALTH.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Windham

    PRESIDENT

    Total calculated
    $308,747
    From this org
    $0
    From related orgs
    $290,786
    Other
    $17,961
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,300 related
    Bonus
    $0 + $42,486 related
    Other
    $0
    Deferred
    $0 + $10,000 related
    Nontaxable benefits
    $0 + $7,961 related
    Filer's total
    $0 + $308,747 related

  • Terry Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Patricia Pate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nancy Head

    TREASURER

    Total calculated
    $170,367
    From this org
    $0
    From related orgs
    $170,170
    Other
    $197
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,170 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $197 related
    Filer's total
    $0 + $170,367 related

  • Tiffany Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
1 February 2024
IRS schema version
2022v5.0
Source object
202440329349301509

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