Healthy Community Education Partners Inc
- Assets
- $40.6m
- Revenue
- -$459.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, TN
- Founding
- Data as of
- 12/2023
- EIN
- 84-3568120
Organization Overview
Healthy Community Education Partners Inc is located in Jackson, TN. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthy Community Education Partners Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO LESSEN THE BURDENS OF GOVERNMENT TO PROVIDE EDUCATIONAL OPPORTUNITIES TO RESIDENTS OF AREAS DESIGNATED AS SLUMS OR BLIGHTED AREAS BY THE JACKSON COMMUNITY REDEVELOPMENT AUTHORITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
HCEP ACQUIRES LAND IN LOW-INCOME COMMUNITIES IN JACKSON, TENNESSEE AND MADISON COUNTY, TENNESSEE, ON WHICH IT WILL CONSTRUCT ONE OR MORE BUILDINGS TO BE LEASED ON FAVORABLE TERMS TO JACKSON-MADISON COUNTY SCHOOL DISTRICT FOR THE OPERATION OF PUBLIC SCHOOLS. HCEP WILL ACQUIRE THE LAND FROM THE JACKSON COMMUNITY REDEVELOPMENT AUTHORITY UNDER A LONG-TERM GROUND LEASE FOR NO COST. IT WILL FINANCE THE CONSTRUCTION OF THE BUILDINGS FROM A TRADITIONAL CONSTRUCTION LOAN AND THROUGH NEW MARKETS TAX CREDIT FINANCING ON NON-TRADITIONAL TERMS. THE NEW MARKETS TAX CREDIT FINANCING WILL ENABLE HCEP TO LEASE THE BUILDINGS TO THE SCHOOL DISTRICT ON BELOW MARKET TERMS, THEREBY FURTHER ITS PURPOSE TO LESSEN THE BURDENS OF GOVERNMENT TO PROVIDE EDUCATIONAL OPPORTUNITIES TO RESIDENTS OF AREAS DESIGNATED AS SLUMS OR BLIGHTED AREAS BY THE JACKSON COMMUNITY REDEVELOPMENT AUTHORITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Lake Director/president | Trustee | 0.1 | $0 |
Tony Black Director | Trustee | 0.1 | $0 |
Monte Jones Director | Trustee | 0.1 | $0 |
Chris Alexander Director | Trustee | 0.1 | $0 |
Adrian Montague Director | Trustee | 0.1 | $0 |
Stanley Pilant Secretary | Trustee | 0.1 | $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 | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$459,122 |
| 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 | -$459,122 |
| 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 | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $856,720 |
| Savings and temporary cash investments | $0 |
| 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 | $39,762,417 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,619,137 |
| Accounts payable and accrued expenses | $85,854 |
| 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 | $38,187,058 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,272,912 |
| Net assets without donor restrictions | $2,346,225 |
| 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 | $40,619,137 |