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Nonprofiteer
← HEALTHCURA REAL ESTATE INC

Form 990 for tax year 2023

Filed by HEALTHCURA REAL ESTATE INC.

Totals

Total revenue
$1,256,667
Total expenses
$947,963
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,256,667
Investment income
$0
Other revenue
$0
Total assets, end of year
$19,591,262
Total liabilities, end of year
$18,482,978
Net assets or fund balances, end of year
$1,108,284
Program services expenses (Part IX)
$947,963
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$947,963

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 $1,256,667 · related or exempt $1,256,667

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $471,821 · program services $471,821

  • 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 $314,443 · end of year $338,340

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

    $20,371,679

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

    $1,282,481

  • 10c · Land, buildings and equipment, net

    beginning of year $19,565,340 · end of year $19,089,198

  • 15 · Other assets

    beginning of year $226,007 · end of year $163,724

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,726 · end of year $57,232

  • 23 · Secured mortgages and notes payable

    beginning of year $13,681,522 · end of year $10,312,400

  • 25 · Other liabilities

    beginning of year $5,476,679 · end of year $8,113,346

  • 27 · Net assets without donor restrictions

    beginning of year $861,863 · end of year $1,108,284

Mission and programs · 2023

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 $947,963 · Revenue $1,256,667

As filed on the 2023 return.

Listed in Part VII

  • Donna Thompson

    PRESIDENT

    Total calculated
    $1,212,640
    From this org
    $0
    From related orgs
    $1,199,212
    Other
    $13,428
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $473,828 related
    Bonus
    $0 + $475,600 related
    Other
    $0 + $249,784 related
    Deferred
    $0 + $5,056 related
    Nontaxable benefits
    $0 + $8,372 related
    Filer's total
    $0 + $1,212,640 related

  • Tariq Butt

    SECRETARY

    Total calculated
    $602,767
    From this org
    $0
    From related orgs
    $567,108
    Other
    $35,659
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,958 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $197,150 related
    Deferred
    $0 + $4,259 related
    Nontaxable benefits
    $0 + $31,400 related
    Filer's total
    $0 + $602,767 related

  • Mahomed Ouedraogo

    TREASURER

    Total calculated
    $884,617
    From this org
    $0
    From related orgs
    $855,623
    Other
    $28,994
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $538,234 related
    Bonus
    $0 + $115,000 related
    Other
    $0 + $202,389 related
    Deferred
    $0 + $3,897 related
    Nontaxable benefits
    $0 + $25,097 related
    Filer's total
    $0 + $884,617 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 · Compensation committee
  • 3 · Written employment contract
  • 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 4B
DONNA THOMPSON, ANN LUNDY, AND MAHOMED OUEDRAOGO 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
2023
Filed
5 August 2024
IRS schema version
2023v5.1
Source object
202412229349300606

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