Nonprofit · EIN 87-3600624
GRADY PONCE INC
Tax-exempt · ATLANTA, GA 30303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,397,000 | $901,872 | $1,495,128 | $102,572,385 | $59,530,969 | $43,041,416 |
| December 31, 2023 | 990 | $2,350,000 | $987,821 | $1,362,179 | $79,395,323 | $38,573,789 | $40,821,534 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,397,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $901,872
Balance sheet and other
- Total assets, start of year
- $79,395,323
- Total assets, end of year
- $102,572,385
- Total liabilities, end of year
- $59,530,969
- Net assets, end of year
- $43,041,416
- Land, buildings and equipment
- $41,100,577
- Net assets without donor restrictions
- $43,041,416
- Gross receipts
- $2,397,000
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- GA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN HAUPERT | DIRECTOR & PRESIDENT Trustee or director, Officer | 1 | $0 | $2,659,735 | $38,785 |
| ANTHONY SAUL | DIRECTOR & CFO Trustee or director, Officer | 1 | $0 | $1,086,834 | $44,736 |
| TIMOTHY JEFFERSON | DIRECTOR & VP & SECRETARY Trustee or director, Officer | 1 | $0 | $845,135 | $47,225 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN HAUPERT | DIRECTOR & PRESIDENT Trustee or director, Officer | 1 | $0 | $2,381,513 | $45,341 |
| ANTHONY SAUL | DIRECTOR & CFO Trustee or director, Officer | 1 | $0 | $908,033 | $36,903 |
| TIMOTHY JEFFERSON | DIRECTOR & VP & SECRETARY Trustee or director, Officer | 1 | $0 | $772,519 | $62,634 |
Address and contacts
- Address (IRS master file)
- 80 JESSE HILL JR DR SE, ATLANTA, GA 30303-3031
- Principal officer (990 for 2024)
- JOHN HAUPERT, 80 JESSE HILL JR DR SE, ATLANTA, GA 30303
- Signed the 990
- ANTHONY SAUL, DIRECTOR & CFO
- Phone
- (404) 616-1846
- Website
- WWW.GRADYHEALTH.ORG
- Return prepared by
- KPMG LLP
Mission
TO HOLD TITLE TO PROPERTY, COLLECT INCOME, TO DISTRIBUTE INCOME, LESS EXPENSES TO GRADY MEMORIAL HOSPITAL CORPORATION, AN ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND TO PERFORM ALL OTHER ACTS NECESSARY OR INCIDENTAL TO THE ABOVE AND TO DO WHATEVER IS DEEMED NECESSARY, USEFUL, ADVISABLE, OR CONDUCTIVE, DIRECTLY OR INDIRECTLY, AS DETERMINED BY THE BOARD OF DIRECTORS, TO CARRY OUT THE PURPOSE OF THE CORPORATION, AS SET FORTH IN THESE ARTICLES OF INCORPORATION, INCLUDING THE EXERCISE OF ALL OTHER POWER AND AUTHORITY ENJOYED BY CORPORATION GENERALLY BY VIRTUE OF THE PROVISIONS OF THE GEORGIA NONPROFIT CORPORATION CODE (WITHIN AND SUBJECT TO THE LIMITATIONS OF SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE).
Program accomplishments
- ON JANUARY 13, 2022, GRADY MEMORIAL HOSPITAL CORPORATION (GMHC) ENTERED INTO A TRANSACTION WITH A BANK AND CERTAIN LENDERS TO OBTAIN FINANCING THROUGH THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM SPONSORED BY THE U.S. DEPARTMENT OF TREASURY. THE NMTC PROGRAM PERMITS CERTAIN TAXPAYERS TO RECEIVE A CREDIT AGAINST FEDERAL INCOME TAXES FOR MAKING QUALIFIED EQUITY INVESTMENTS (QEIS) IN COMMUNITY DEVELOPMENT ENTITIES (CDES). THROUGH THE TRANSACTION, GRADY PONCE, INC., A WHOLLY-OWNED SUBSIDIARY OF GMHC, WAS FORMED FOR THE PURPOSE OF EFFECTING GMHC'S PARTICIPATION IN THE NMTC PROGRAM. THE U.S. TAX CREDIT PROVIDED TO THE INVESTOR TOTALS 39 PERCENT OF THE INITIAL VALUE OF THE QEI AND IS CLAIMED OVER A SEVEN-YEAR CREDIT ALLOWANCE PERIOD.Expenses $901,872 · revenue $2,397,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-3600624
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $102,572,385
- Income (IRS master file)
- $2,397,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,397,000 | $901,872 | $102,572,385 | IRS |
| 990 | December 2023 | $2,350,000 | $987,821 | $79,395,323 | XML |
| 990 | December 2022 | $0 | $916,467 | $72,047,998 | 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 87-3600624).
Questions about GRADY PONCE INC
- What is the EIN of GRADY PONCE INC?
- The employer identification number (EIN) of GRADY PONCE INC is 87-3600624.
- Is GRADY PONCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2022.
- Are donations to GRADY PONCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GRADY PONCE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GRADY PONCE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRADY PONCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GRADY PONCE INC?
- The 990 for the year ended December 31, 2024 names JOHN HAUPERT.
- Who are the officers and directors of GRADY PONCE INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does GRADY PONCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,397,000, expenses of $901,872 and total assets of $102,572,385 at year end.
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All nonprofits in ATLANTA · Georgia · Community improvement and capacity building