Health Equity Partners Properties Inc
- Assets
- $28.4m
- Revenue
- $397.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 02/2018
- Data as of
- 12/2023
- EIN
- 82-1363885
Organization Overview
Health Equity Partners Properties Inc is located in Louisville, KY. The organization was established in 2018. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Equity Partners Properties Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Health Equity Partners Properties Inc generated $397.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.4%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed VP Of Finance/cfo | OfficerTrustee | 10 | $0 |
Name Not Listed President | OfficerTrustee | 10 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wehr Construction Facility Construcgtion | 12/30/19 | $8,850,514 |
Luckett & Farley Facility Construction | 12/30/19 | $114,918 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $379,691 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $371 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $442,376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $909,732 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,431,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $687,644 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,529 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $27,751,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,441,626 |
| Accounts payable and accrued expenses | $97,553 |
| Grants payable | $0 |
| Deferred revenue | $631,944 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $26,988,564 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,718,061 |
| Net assets without donor restrictions | $723,565 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $28,441,626 |