Concordia Hospital Foundation
- Assets
- $30.3m
- Revenue
- $365.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Ferriday, LA
- Founding
- 05/2018
- Data as of
- 09/2023
- EIN
- 82-2892086
Organization Overview
Concordia Hospital Foundation is located in Ferriday, LA. The organization was established in 2018. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concordia Hospital Foundation 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 09/2023, Concordia Hospital Foundation generated $365.1k in total revenue. All expenses for the organization totaled $3.1m during the year ending 09/2023. While expenses have increased by 23.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
SUPPORT TRINITY MEDICAL AND PROVIDE NEW MARKET TAX CREDITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCORDIA HOSPITAL FOUNDATION WAS FORMED TO ASSIST IN RAISING ADDITIONAL CAPITAL TO CONSTRUCT, EQUIP, AND OPERATE A REPLACEMENT HOSPITAL FACILITY FOR CONCORDIA PARISH HOSPITAL SERVICE DISTRICT NUMBER ONE OF THE PARISH OF CONCORDIA IN ORDER TO PROVIDE THE MEDICALLY UNDERSERVED AND PARTICULARLY THE UNINSURED, UNDERINSURED AND INDIGENT CITIZENS OF THE PARISH WITH ACCESS TO QUALITY, AFFORDABLE AND INDISPENSABLE EMERGENCY AND RELATED HEALTHCARE SERVICES.ON MARCH 18, 2019, THE CONCORDIA HOSPITAL FOUNDATION ENTERED INTO A DEBT TRANSACTION TO ACCESS ADDITIONAL FUNDS THROUGH THE NEW MARKET TAX CREDIT (NMTC) PROGRAM. CONTINUED ON SCHEDULE O.THESE FUNDS ARE BEING USED TOWARD THE CONSTRUCTION OF A NEW HOSPITAL BUILDING FOR CONCORDIA PARISH HOSPITAL SERVICE DISTRICT NUMBER ONE OF THE PARISH OF CONCORDIA, STATE OF LOUISIANA DBA RIVERLAND MEDICAL CENTER LOCATED IN FERRIDAY, LOUISIANA. THE NMTC PROGRAM PERMITS TAXPAYERS TO CLAIM FEDERAL TAX CREDITS FOR MAKING QUALIFIED EQUITY INVESTMENTS (QEI) IN A DESIGNATED COMMUNITY DEVELOPMENT ENTITY (CDE). THE CDE MUST USE SUBSTANTIALLY ALL OF THE PROCEEDS TO MAKE QUALIFIED LOW-INCOME COMMUNITY INVESTMENTS (QLICI).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James King President | OfficerTrustee | 1 | $0 |
Fred Marsalis Secretary | OfficerTrustee | 1 | $0 |
Mignonne Ater Treasurer | OfficerTrustee | 1 | $0 |
Jeff Goeggle Board Member | Trustee | 1 | $0 |
Ryan Crum Board Member | Trustee | 1 | $0 |
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 | $365,000 |
| Investment income | $105 |
| 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 | $365,105 |
| 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 | $0 |
| Fees for services: Accounting | $25,381 |
| 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 | $1,169 |
| 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 | $303,346 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,687,249 |
| Insurance | $0 |
| All other expenses | $124,205 |
| Total functional expenses | $3,141,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $178,479 |
| Pledges and grants receivable | $0 |
| 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 | $29,961,826 |
| Investments—publicly traded securities | $112,729 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,253,034 |
| Accounts payable and accrued expenses | $25,279 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $27,670,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,695,279 |
| Net assets without donor restrictions | $2,557,755 |
| 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 | $30,253,034 |