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Nonprofiteer
← HEALTHCURA REAL ESTATE INC

Form 990 for tax year 2024

Filed by HEALTHCURA REAL ESTATE INC.

Totals

Total revenue
$1,160,000
Total expenses
$962,880
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,160,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$19,280,475
Total liabilities, end of year
$9,930,806
Net assets or fund balances, end of year
$9,349,669
Program services expenses (Part IX)
$962,880
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$962,880

Program services were 100.0% 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 $1,160,000 · related or exempt $1,160,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $121,813 · program services $121,813

  • 20 · Interest

    total $364,925 · program services $364,925

  • 22 · Depreciation, depletion and amortization

    total $476,142 · program services $476,142

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $338,340 · end of year $478,809

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

    $20,371,679

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

    $1,758,623

  • 10c · Land, buildings and equipment, net

    beginning of year $19,089,198 · end of year $18,613,056

  • 15 · Other assets

    beginning of year $163,724 · end of year $188,610

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,232 · end of year $54,206

  • 23 · Secured mortgages and notes payable

    beginning of year $10,312,400 · end of year $9,876,600

  • 25 · Other liabilities

    beginning of year $8,113,346 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,108,284 · end of year $9,349,669

Mission and programs · 2024

Mission

HEALTHCURA REAL ESTATE INC. IS ORGANIZED EXCLUSIVELY FOR HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREOF, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO ITS SOLE MEMBER, ACCESS COMMUNITY HEALTH NETWORK.

Activities or mission (Part I)

REAL ESTATE TITLE HOLDING COMPANY

  • TITLE HOLDING COMPANY FOR ACCESS COMMUNITY HEALTH NETWORK

    Expenses $962,880 · Revenue $1,160,000

As filed on the 2024 return.

Listed in Part VII

  • Mahomed Ouedraogo

    PRESIDENT

    Total calculated
    $939,460
    From this org
    $0
    From related orgs
    $914,046
    Other
    $25,414
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $721,492 related
    Bonus
    $0 + $192,554 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $25,414 related
    Filer's total
    $0 + $939,460 related

  • Tariq Butt

    SECRETARY

    Total calculated
    $370,479
    From this org
    $0
    From related orgs
    $337,485
    Other
    $32,994
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,431 related
    Bonus
    $0 + $54 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $32,994 related
    Filer's total
    $0 + $370,479 related

  • Jairo Mejia

    TREASURER

    Total calculated
    $389,467
    From this org
    $0
    From related orgs
    $374,889
    Other
    $14,578
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,832 related
    Bonus
    $0 + $57 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $14,578 related
    Filer's total
    $0 + $389,467 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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
THE EMPLOYMENT AGREEMENT FOR THE CEO OF THE ORGANIZATION'S SOLE CORPORATE MEMBER (ACCESS COMMUNITY HEALTH NETWORK) INCLUDES A PROVISION TO REIMBURSE THE CEO FOR THE INITIATION FEE, CLUB DUES, ASSESSMENTS, SPECIAL ASSESSMENTS, AND EXPENSES FOR A PROFESSIONAL OR SOCIAL CLUB OF THE CEO'S CHOOSING.
PART I, LINE 1B
UNDER THE EMPLOYMENT AGREEMENT FOR THE CEO OF THE ORGANIZATION'S SOLE CORPORATE MEMBER (ACCESS COMMUNITY HEALTH NETWORK) INCLUDES A PROVISION FOR THE REIMBURSEMENT TO THE CEO FOR THE INITIATION FEES (IF ANY), CLUB DUES, ASSESSMENTS, SPECIAL ASSESSMENTS, AND EXPENSES FOR UP TO TWO (2) PROFESSIONAL OR SOCIAL CLUBS OF THE CEO'S CHOOSING.
PART I, LINE 3
THE ORGANIZATION'S SOLE CORPORATE MEMBER AGREES TO ANNUALLY CONDUCT A PERFORMANCE REVIEW, SALARY REVIEW, AND A MARKET REVIEW OF THE COMPENSATION OF EXECUTIVES OF OTHER COMPARABLE NOT-FOR-PROFIT ORGANIZATIONS WITH SIMILAR REVENUE AND BUDGET AMOUNTS IN COMPARABLY LARGE METROPOLITAN AREAS. THE ORGANIZATION MAY CONDUCT THE ANNUAL MARKET REVIEW OF COMPENSATION INTERNALLY OR THROUGH AN OUTSIDE COMPENSATION CONSULTANT.
PART I, LINE 4B
MAHOMED OUEDRAOGO, TARIQ BUTT, AND JAIRO MEJIA PARTICIPATE IN A NON-QUALIFIED 457(B) DEFERRED COMPENSATION PLAN OFFERED BY THE FILING ORGANIZATION'S SOLE CORPORATE MEMBER, ACCESS COMMUNITY HEALTH NETWORK. NEITHER THE FILING ORGANIZATION NOR ACCESS COMMUNITY HEALTH NETWORK MAKES CONTRIBUTIONS TO THIS PLAN.

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
2024
Filed
1 August 2025
IRS schema version
2024v5.2
Source object
202512209349300641

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