Nonprofit · EIN 23-7324576
HEALTHCARE INITIATIVE FOUNDATION
Tax-exempt · GERMANTOWN, MD 20874
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $1,706,780 | $2,108,796 | -$402,016 | $30,100,506 | $202,001 | $29,898,505 |
| June 30, 2024 | 990-PF | $2,572,964 | $1,709,963 | $863,001 | $30,554,997 | $213,594 | $30,341,403 |
| June 30, 2023 | 990-PF | $1,190,126 | $1,819,200 | -$629,074 | $29,697,212 | $195,018 | $29,502,194 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $984,069
- Interest
- $836
- Net gain from sales of assets
- $721,875
Expenses
- Grants and similar amounts paid
- $1,354,576
- Compensation of officers, directors and key employees
- $242,662
- Salaries, compensation and benefits (total)
- $140,250
- Disbursements for charitable purposes
- $1,876,340
- Excise tax on investment income
- $22,617
Balance sheet and other
- Total assets, start of year
- $30,554,997
- Total assets, end of year
- $30,100,506
- Total liabilities, end of year
- $202,001
- Net assets, end of year
- $29,898,505
- Fair market value of assets
- $42,185,750
- Qualifying distributions
- $1,876,340
- Net investment income
- $1,706,780
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYNN ARNDT 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | INTERIM CEO | 40 | $190,355 | $0 |
| ELISSA M SCHWARTZ 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | GRANTS MANAGER Highest-paid employee | 40 | $121,563 | $9,656 |
| FAYE D GREENE 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | EXECUTIVE ASSITANT/O Highest-paid employee | 40 | $71,089 | $7,344 |
| KATHY STEVENS 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | PRESIDENT AND CEO | 40 | $36,321 | $1,154 |
| CRYSTAL TOWNSEND 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | PREVIOUS CEO | 40 | $34,209 | $801 |
| ROBERT H MYERS JR 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | CHAIR | 4.5 | $0 | $0 |
| GEORGE DINES 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | TREASURER | 2.5 | $0 | $0 |
| DEBORAH FISHER 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | VICE CHAIR | 2.5 | $0 | $0 |
| MIKE KNAPP 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | SECRETARY | 2.5 | $0 | $0 |
| MARTA PEREZ 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | TRUSTEE | 2 | $0 | $0 |
| NORAH COELHO 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | TRUSTEE | 2 | $0 | $0 |
| KERRY GRACE MORRISSEY 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | TRUSTEE | 2 | $0 | $0 |
990-PF for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRYSTAL TOWNSEND 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | PRESIDENT AND CEO | 40 | $224,396 | $28,670 |
| FAYE D GREENE 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | EXECUTIVE ASSITANT/O Highest-paid employee | 40 | $71,842 | $7,184 |
| JESSICA FUCHS 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | GRANTS MANAGER Highest-paid employee | 40 | $67,900 | $6,639 |
| ROBERT H MYERS JR 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | CHAIR | 1.44 | $0 | $0 |
| GEORGE DINES 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | TREASURER | 1.77 | $0 | $0 |
| DEBORAH FISHER 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | SECRETARY | 1.54 | $0 | $0 |
| MIKE KNAPP 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | TRUSTEE | 0.96 | $0 | $0 |
| MARTA PEREZ 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | TRUSTEE | 1.02 | $0 | $0 |
| NORAH COELHO 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | TRUSTEE | 1 | $0 | $0 |
| KERRY GRACE MORRISSEY 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | TRUSTEE | 1.21 | $0 | $0 |
990-PF for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRYSTAL TOWNSEND 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | PRESIDENT AND CEO | 40 | $209,611 | $27,191 |
| JESSICA FUCHS 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | GRANTS MANAGER Highest-paid employee | 40 | $100,086 | $10,009 |
| FAYE D GREENE 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | EXECUTIVE ASSITANT/O Highest-paid employee | 40 | $67,486 | $6,749 |
| ROBERT H MYERS JR 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | CHAIR | 1.06 | $0 | $0 |
| GEORGE DINES 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | TREASURER | 1.06 | $0 | $0 |
| DEBORAH FISHER 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | SECRETARY | 0.64 | $0 | $0 |
| MIKE KNAPP 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | TRUSTEE | 0.56 | $0 | $0 |
| DAVE KRESSLER 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | TRUSTEE | 1.14 | $0 | $0 |
| KISHA DAVIS 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | TRUSTEE | 0.2 | $0 | $0 |
| MARTA PEREZ 12850 MIDDLEBROOK ROAD SUITE 400, GERMANTOWN, MD 20874 | TRUSTEE | 0.64 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 12850 MIDDLEBROOK RD STE 400, GERMANTOWN, MD 20874-5281
- In care of
- % COUNCILORBUCHANAN & MITCHEL
- Signed the 990-PF
- GEORGE DINES, TREASURER
- Phone
- (301) 907-9144
- Website
- WWW.HIFMC.ORG
- Return prepared by
- YOUNT HYDE & BARBOUR PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-7324576
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1973
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Health care (E120)
- Assets (IRS master file)
- $30,100,506
- Income (IRS master file)
- $3,341,222
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $1,706,780 | $2,108,796 | $30,100,506 | IRS |
| 990-PF | June 2024 | $2,572,964 | $1,709,963 | $30,554,997 | XML |
| 990-PF | June 2023 | $1,190,126 | $1,819,200 | $29,697,212 | XML |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7324576).
Questions about HEALTHCARE INITIATIVE FOUNDATION
- What is the EIN of HEALTHCARE INITIATIVE FOUNDATION?
- The employer identification number (EIN) of HEALTHCARE INITIATIVE FOUNDATION is 23-7324576.
- Is HEALTHCARE INITIATIVE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to HEALTHCARE INITIATIVE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HEALTHCARE INITIATIVE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HEALTHCARE INITIATIVE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEALTHCARE INITIATIVE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of HEALTHCARE INITIATIVE FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 12 people; 5 received compensation from the organization, the highest $190,355 (LYNN ARNDT, INTERIM CEO).
- How much revenue does HEALTHCARE INITIATIVE FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $1,706,780, expenses of $2,108,796 and total assets of $30,100,506 at year end.
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