Grady Ponce Inc
Nonprofit profile at a glance
- EIN
- 873600624
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024
- Location
- Atlanta, GA, USA
- Phone
- 4046161846
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Real Estate Associations
Reported finances
- Revenue
- $2,397,000
- Expenses
- $901,872
- Assets
- $102,572,385
- Liabilities
- $59,530,969
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- JOHN HAUPERT (DIRECTOR & PRESIDENT)
Highest reported compensation
- JOHN HAUPERT (DIRECTOR & PRESIDENT): $2,698,520 total reported compensation
- ANTHONY SAUL (DIRECTOR & CFO): $1,131,570 total reported compensation
- TIMOTHY JEFFERSON (DIRECTOR & VP & SECRETARY): $892,360 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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).
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 60
- Accountability: 42
- Sustainability: 78
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 37.6%; rating input score 38
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 62.4%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 113.73; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.58; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 14.5%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: -0.8% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: 75.7% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 18% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 37.6% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 3 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $902K in reported program spending
- Leadership: top reported pay $2.7M · 3 people listed · 0 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Related organizations: 5 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- High — Sustainability: Officer compensation ratio scored 20/100.