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Nonprofit · EIN 92-1851979

SCHC WBC PROP CORP

Tax-exempt · REDDING, CA 96001

Financials

$94K$18K2023$472K$1.5M2024
Revenue Expenses · by fiscal year end
Financials of SCHC WBC PROP CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$471,665$1,487,624-$1,015,959$27,752,518$24,384,832$3,367,686
December 31, 2023990$93,588$17,539$76,049$33,509,134$28,192,722$5,316,412
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$442,545
Investment income
$29,120
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$74,250
Occupancy
$34,767
Depreciation
$1,176,374
Program services (functional)
$1,158,967
Management and general (functional)
$328,657

Balance sheet and other

Total assets, start of year
$33,509,134
Total assets, end of year
$27,752,518
Total liabilities, end of year
$24,384,832
Net assets, end of year
$3,367,686
Land, buildings and equipment
$26,913,808
Net assets without donor restrictions
$3,367,686
Gross receipts
$471,665
Employees
0
Volunteers
6
Year formed
2023
State of legal domicile
CA

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
C DEAN GERMANOCHIEF EXECUTIVE OFFICER END 03/24
Officer
0.1$0$644,731$40,367
J BRANDON THORNOCKCHIEF EXECUTIVE OFFICER BEG 03/24
Officer
0.1$0$349,750$44,092
DANIEL SANTICHIEF FINANCIAL OFFICER
Officer
0.1$0$233,261$31,814
KIM PICKERINGSECRETARY
Trustee or director, Officer
0.1$0$0$0
STAR ALFAROTREASURER
Trustee or director, Officer
0.1$0$0$0
STEPHEN BELLCHAIR
Trustee or director, Officer
0.1$0$0$0
KERRY FASKINGBOARD MEMBER
Trustee or director
0.1$0$0$0
LORI GOYNEBOARD MEMBER
Trustee or director
0.1$0$0$0
MARGARET BECKBOARD MEMBER
Trustee or director
0.1$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
C DEAN GERMANOCHIEF EXECUTIVE OFFICER
Officer
0.1$0$384,938$72,331
SHERRY CALDWELLCHIEF FINANCIAL OFFICER END 09/23
Officer
0.1$0$266,059$15,804
DANIEL SANTICHIEF FINANCIAL OFFICER BEG 09/23
Officer
0.1$0$149,709$24,956
KIM PICKERINGSECRETARY
Trustee or director, Officer
0.1$0$0$0
STAR ALFAROTREASURER
Trustee or director, Officer
0.1$0$0$0
STEPHEN BELLCHAIR
Trustee or director, Officer
0.1$0$0$0
KERRY FASKINGBOARD MEMBER
Trustee or director
0.1$0$0$0
LORI GOYNEBOARD MEMBER
Trustee or director
0.1$0$0$0
MARGARET BECKBOARD MEMBER
Trustee or director
0.1$0$0$0

Address and contacts

Address (IRS master file)
1035 PLACER ST, REDDING, CA 96001-1125
Principal officer (990 for 2024)
J BRANDON THORNOCK, 1035 Placer Street, Redding, CA 96001
Signed the 990
J BRANDON THORNOCK, CEO
Phone
(530) 246-5710
Return prepared by
Forvis Mazars LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 92-1851979 or by the name SCHC WBC PROP CORP.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

A SPECIAL PURPOSE ENTITY FOR NEW MARKET TAX CREDITS FINANCING TO HOLD THE REAL ASSETS OF SHASTA COMMUNITY HEALTH CENTER IN ORDER TO PROVIDE HEALTHCARE SERVICES TO THEIR PATIENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PURPOSE OF SCHC WBC PROP CORP IS TO SUPPORT THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF SHASTA COMMUNITY HEALTH CENTER (SCHC) THROUGH THE ORGANIZATION'S DEVELOPMENT, FINANCE, AND OWNERSHIP OF CLINIC FACILITIES FOR THE BENEFIT OF SCHC.
    Expenses $1,158,967 · revenue $442,545

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
92-1851979
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type III functionally integrated
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E11)
Assets (IRS master file)
$27,752,518
Income (IRS master file)
$471,665

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$471,665$1,487,624$27,752,518IRS
990-TDecember 2024–––IRS
990December 2023$93,588$17,539$33,509,134XML

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 92-1851979).

Questions about SCHC WBC PROP CORP

What is the EIN of SCHC WBC PROP CORP?
The employer identification number (EIN) of SCHC WBC PROP CORP is 92-1851979.
Is SCHC WBC PROP CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to SCHC WBC PROP CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does SCHC WBC PROP CORP 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 SCHC WBC PROP CORP 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 SCHC WBC PROP CORP 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 SCHC WBC PROP CORP?
The 990 for the year ended December 31, 2024 names J BRANDON THORNOCK.
Who are the officers and directors of SCHC WBC PROP CORP?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does SCHC WBC PROP CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $471,665, expenses of $1,487,624 and total assets of $27,752,518 at year end.

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