Tmc Holdings Inc
- Assets
- $65.4m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 09/2000
- Data as of
- 12/2022
- EIN
- 86-0441785
Organization Overview
Tmc Holdings Inc is located in Tucson, AZ. The organization was established in 2000. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, 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. Tmc Holdings Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2022, Tmc Holdings Inc generated $11.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 70.6% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT TUCSON MEDICAL CENTER, A 501(C)(3) ORGANIZATION. HOLDS TITLE TO PROPERTY AND TURN PROFITS OVER TO TUCSON MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TUCSON MEDICAL CENTER (EIN 86-0137567), A 501(C)(3) CORPORATION. HOLDS TITLE TO PROPERTY, COLLECTS INCOME FROM PROPERTY AND REMITS TO TMC HEALTHCARE (EIN 20-2218975) COLLECTIONS LESS EXPENSES FOR PROPERTY. TMC HEALTHCARE THEN DISTRIBUTES THESE EARNINGS TO TUCSON MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chief Executive Officer | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | 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 | $11,428,750 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$230,102 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,370,209 |
| 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 | $432,824 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $349,014 |
| Fees for services: Legal | $22,605 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,881 |
| Fees for services: Other | $105,548 |
| Advertising and promotion | $35,620 |
| Office expenses | $31,496 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,970,863 |
| Travel | $131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $211 |
| Interest | $288,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,746,550 |
| Insurance | $28,185 |
| All other expenses | $0 |
| Total functional expenses | $9,571,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,510,176 |
| Savings and temporary cash investments | $72,259 |
| 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 | $498,807 |
| Net Land, buildings, and equipment | $51,531,332 |
| Investments—publicly traded securities | $7,752,389 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,056,421 |
| Total assets | $65,421,384 |
| Accounts payable and accrued expenses | $526,248 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $16,000,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,097,077 |
| Total liabilities | $19,623,325 |
| Net assets without donor restrictions | $45,798,059 |
| 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 | $65,421,384 |