Form 990 for tax year 2023

Filed by Health Equity Partners Properties Inc.

Totals

Total revenue: $397,747
Total expenses: $1,431,810
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $379,691
Investment income: $0
Other revenue: $18,056
Total assets, end of year: $28,441,626
Total liabilities, end of year: $27,718,061
Net assets or fund balances, end of year: $723,565
Program services expenses (Part IX): $1,290,058
Management and general expenses: $141,752
Fundraising expenses: $0
Program service expenses (Part III): $1,290,058

Program services were 90.1% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$0
2a · Program service revenue: Social Responsibility

total $379,691 · related or exempt $379,691
2b · Program service revenue: Healthy Living

total $0 · related or exempt $0
2c · Program service revenue: Youth Development

total $0 · related or exempt $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
11a · Other revenue: Shared Usage

total $18,056 · related or exempt $18,056
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$18,056

Functional expenses

Part IX, the statement of functional expenses.

3 · Grants to foreign organizations and individuals

total $0 · program services $0
11b · Fees: legal

total $371 · management and general $371
11c · Fees: accounting

total $1,250 · management and general $1,250
11g · Fees: other

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

total $442,376 · program services $380,326 · management and general $62,050
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $909,732 · program services $909,732
24a · Other expenses: Loan servicing fees

total $78,081 · management and general $78,081
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 $1,531,131 · end of year $687,644
3 · Pledges and grants receivable

end of year $2,529
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
10a · Land, buildings and equipment: cost or other basis

$31,333,694
10b · Land, buildings and equipment: accumulated depreciation

$3,582,241
10c · Land, buildings and equipment, net

beginning of year $27,606,314 · end of year $27,751,453
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $453,303 · end of year $97,553
19 · Deferred revenue

end of year $631,944
20 · Tax-exempt bond liabilities

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 $26,926,514 · end of year $26,988,564
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $1,757,628 · end of year $723,565
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

Health Equity Partners Properties (HEPP) was created in 2018 as a not-for-profit, charitable organization . The purpose of HEPP is to bring multiple collaborative services under one roof, in effort to provide community-integrated health to residents who would not otherwise have adequate access to services. HEPP holds the title to a parcel of real property located at 1720 W. Broadway, Louisville KY 40210.

Activities or mission (Part I)

See schedule O.

Collaborative partners have been selected to build a broad continuum of health at a single location. These include the YMCA (mental, physical, and spiritual health), Norton Health Care (pediatric and family medicine clinic), ProRehab (physical therapy), Family and Children's Place (behavioral health), Republic Bank (fiscal literacy, asset building and protection), and Gilda's Club (support community for those affected by cancer). These services will be built around combining strong and trusted brands, seamless integration of services, ease of access, strong relationships with constituents and providers, and delivery by servant leaders. Internally, partners will agree to collaborate in such a way that multiple needs can be met driven by building relationships and trust, and cross referencing services in a familiar, welcoming way. Barriers will be reduced and impact can be increased. This is a bold and unique project incorporating a wide array of services delivered in a highly coordinated manner.

Expenses $1,290,058 · Revenue $397,747

As filed on the 2023 return.

Listed in Part VII

Joshua Zimmerman

VP of Finance/CFO

Total calculated

$148,615

From this org

$0

From related orgs

$125,800

Other

$22,815

Hours/week

10 + 45 related
Richard S Tarver

President

Total calculated

$389,017

From this org

$0

From related orgs

$336,440

Other

$52,577

Hours/week

10 + 45 related

Schedule J breakdown matched by us

Base

$0 + $336,440 related

Bonus

$0

Other

$0

Deferred

$0 + $40,373 related

Nontaxable benefits

$0 + $12,204 related

Filer's total

$0 + $389,017 related
Audrey S Roling

Board Member

Total calculated

$0

Hours/week

1
Courtney Giesel

Board Member

Total calculated

$0

Hours/week

1
Robert W Rounsavall III

Board Member

Total calculated

$0

Hours/week

1

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 Arrangement used to establish the top management official's compensation: THE EXECUTIVE COMMITTEE (EC) OF THE ASSOCIATION BOARD of the YMCA SERVES AS THE REVIEW AND COMPENSATION COMMITTEE, which establishes the compensation of the officers. THERE IS NO INDEPENDENT COMPENSATION CONSULTANT OTHER THAN WHAT THE YMCA NORTH AMERICAN NETWORK (YNAN) USES AND OUR EC DOES NOT USE THAT RESOURCE AT ANY SIGNIFICANT LEVEL HERE. THE EC IS PROVIDED WITH COMPARATIVE DATA FROM THE YNAN INCLUDING THEIR INDEPENDENT CONSULTANT REVIEW AND THE SOUTH METRO GROUP AND ANY LOCAL COMPARATIVE STUDIES PURCHASED THROUGH LOCAL MEANS. THE COMMITTEE THEN FILTERS THROUGH THEIR OWN EXPERIENCES FOR LOCAL BENCHMARKING. THERE IS NO WRITTEN EMPLOYMENT CONTRACT, THE CEO SERVES "AT-WILL". MODIFICATIONS TO COMPENSATION TO CEO ARE ACCOMPANIED BY DOCUMENTATION FROM BOARD CHAIR AND PASSED TO PERSONNEL FILES. THE EC ALSO REVIEWS SALARIES AND MAKES RECOMMENDED MERITS FOR SR. MGMT TEAM. THE EC REVIEWS AN EXECUTIVE LETTER FROM THE CEO AND USES A 360 DEGREE TOOL COMPILED BY THE BOARD CHAIR. THE EC MAKES THE FINAL REVIEW AND COMPENSATION DECISIONS IN "EXECUTIVE SESSION" ABSENT OF ANY STAFF. THE BOARD CHAIR REVIEWS THE RESULTS OF THE EVALUATION WITH THE CEO.

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.

The Young Men's Christian Association of Greater Louisville Inc

501(c)(3) · Provide services that allow all persons to achieve their full potential · KY

Directly controlled by NA
National Safe Place Inc

501(c)(3) · Services Teens in Crisis and Shelters, Nationally, for Runaway Teens · KY · controlled entity

Directly controlled by The YMCA

Provenance

Return type: form_990
Tax year: 2023
Filed: 12 June 2024
IRS schema version: 2023v5.0
Source object: 202421649349300302

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