Totals
- Total revenue
- $1,373,906
- Total expenses
- $1,572,250
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $3,282
- Other revenue
- $1,370,624
- Total assets, end of year
- $11,978,845
- Total liabilities, end of year
- $20,097,880
- Net assets or fund balances, end of year
- -$8,119,035
- Program services expenses (Part IX)
- $1,572,250
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,572,250
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.
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $20,325 · excluded $20,325
-
6a · Gross rents
real property $1,370,624
-
6c · Rental income or loss
real property $1,370,624 · personal property $0
-
6d · Net rental income or loss
total $1,370,624 · related or exempt $1,370,624
-
7b · Less cost or other basis and sales expenses
other assets $17,043
-
7c · Gain or loss
securities $0 · other assets -$17,043
-
7d · Net gain or loss
total -$17,043 · excluded -$17,043
-
8c · Net income from fundraising events
total $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.
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $485,815 · program services $485,815
-
22 · Depreciation, depletion and amortization
total $1,086,435 · program services $1,086,435
-
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 $114,627 · end of year $114,949
-
2 · Savings and temporary cash investments
beginning of year $937,081 · end of year $1,078,413
-
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
$52,161,056
-
10b · Land, buildings and equipment: accumulated depreciation
$41,375,573
-
10c · Land, buildings and equipment, net
beginning of year $11,888,962 · end of year $10,785,483
-
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
-
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 $20,861,361 · end of year $20,097,880
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year -$7,920,691 · end of year -$8,119,035
Mission and programs · 2024
Mission
HEADWATERS HEALTH FOUNDATION PROVIDES FINANCING AND MAINTENANCE TO HILLSDALE COMMUNITY HEALTH CENTER DBA HILLSDALE HOSPITAL.
Activities or mission (Part I)
TO PROVIDE FINANCING AND MAINTENANCE OF THE HOSPITAL FACILITY AND PARTICIPATE IN ANY ACTIVITY DESIGNED TO PROMORE THE GENERAL HEALTH OF THE COMMUNITY.
-
HEADWATERS HEALTH FOUNDATION CONTROLS ANY INTEREST IN REAL ESTATE AND PERSONAL PROPERTY OF THE HOSPITAL AND OPERATES IMPROVEMENTS TO MAINTAIN THE PROPERTY.
Expenses $1,572,250 · Revenue $1,370,624
As filed on the 2024 return.
Listed in Part VII
-
Richard MooreRICHARD MOORE
BOARD CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
-
Greg BaileyGREG BAILEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
-
Lois HowardLOIS HOWARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matt GranataMATT GRANATA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nichole EllisNICHOLE ELLIS
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.
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.
-
HILLSDALE COMMUNITY HEALTH CENTER
501(c)(3) · HOSPITAL · MI
Directly controlled by NA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
HCHC ASSURANCE CO LTD
C Corporation · FINANCIAL · CJ · 0% owned · share of income $0 · share of assets $0
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.1
- Source object
- 202533159349302373
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