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Nonprofiteer
← DHHA OMC QALICB INC

Form 990 for tax year 2023

Filed by DHHA OMC QALICB INC.

Totals

Total revenue
$2,398,774
Total expenses
$3,077,788
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,393,883
Investment income
$4,891
Other revenue
$0
Total assets, end of year
$16,738,631
Total liabilities, end of year
$18,943,548
Net assets or fund balances, end of year
-$2,204,917
Program services expenses (Part IX)
$2,978,136
Management and general expenses
$99,652
Fundraising expenses
$0
Program service expenses (Part III)
$2,978,136

Program services were 96.8% 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: EQUIPMENT LEASE AGREEMENT DHHA

    total $2,393,883 · related or exempt $2,393,883

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,891 · excluded $4,891

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $19,265 · management and general $19,265

  • 11g · Fees: other

    total $118,735 · program services $118,735 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $80,387 · management and general $80,387

  • 20 · Interest

    total $271,044 · program services $271,044

  • 22 · Depreciation, depletion and amortization

    total $2,588,357 · program services $2,588,357

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $646,567 · end of year $2,114,172

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $23,093,561

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

    $8,469,102

  • 10c · Land, buildings and equipment, net

    beginning of year $17,212,816 · end of year $14,624,459

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $18,864,317 · end of year $18,943,548

  • 24 · Unsecured notes and loans payable

    beginning of year $520,969 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$1,525,903 · end of year -$2,204,917

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE ORGANIZATION WAS CREATED TO ASSIST THE DENVER HEALTH AND HOSPITAL AUTHORITY WITH FINANCING EQUIPMENT IN THE NEW OUTPATIENT MEDICAL CENTER IN DENVER, CO.

  • ASSISTANCE WITH FINANCING AND LEASING OF MEDICAL EQUIPMENT FOR THE OUTPATIENT MEDICAL CENTER IN DENVER, CO.

    Expenses $2,978,136 · Revenue $2,393,883

As filed on the 2023 return.

Listed in Part VII

  • Ansar Hassan

    VP/TREASURER

    Total calculated
    $300,095
    From this org
    $0
    From related orgs
    $246,134
    Other
    $53,961
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,932 related
    Bonus
    $0
    Other
    $0 + $202 related
    Deferred
    $0 + $38,461 related
    Nontaxable benefits
    $0 + $15,500 related
    Filer's total
    $0 + $300,095 related

  • Enid A Wade

    SECRETARY

    Total calculated
    $477,128
    From this org
    $0
    From related orgs
    $415,618
    Other
    $61,510
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,616 related
    Bonus
    $0
    Other
    $0 + $2,002 related
    Deferred
    $0 + $41,674 related
    Nontaxable benefits
    $0 + $19,836 related
    Filer's total
    $0 + $477,128 related

  • Faraz Khan

    VP/TREASURER END 05/23

    Total calculated
    $332,877
    From this org
    $0
    From related orgs
    $284,558
    Other
    $48,319
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    -$1,371 + $283,187 related
    Bonus
    $0
    Other
    $1,371 + $1,371 related
    Deferred
    $0 + $43,005 related
    Nontaxable benefits
    $0 + $5,314 related
    Filer's total
    $0 + $332,877 related

  • Sara Carpenter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
COMPENSATION IS DETERMINED AND PAID BY A RELATED PARTY, DENVER HEALTH AND HOSPITAL AUTHORITY. PLEASE SEE SCHEDULE O, PART VI, LINE 15A AN 15B NARRATIVE FOR ESTABLISHING COMPENSATION FOR EXECUTIVES.

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.

  • DENVER COMMUNITY HEALTH SERVICES

    501(c)(3) · MANAGEMENT · CO

    Directly controlled by NA

  • DENVER HEALTH AND HOSPITAL AUTHORITY

    501(c)(1) · HOSPITAL · CO

    Directly controlled by NA

  • 550 ACOMA

    501(c)(3) · FINANCING · CO

    Directly controlled by DHHA

  • ROCKY MOUNTAIN DRUG SAFETY

    501(c)(3) · DATA ANALYSIS · CO

    Directly controlled by DHHA

  • CANADIAN CONSUMER PRODUCT AND PHARMACEUT

    PHARMACY OPS · CA

    Directly controlled by RMDS

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202413049349300511

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