Grady Wic Inc
Nonprofit profile at a glance
- EIN
- 821799159
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Atlanta, GA, USA
- Phone
- 4046161846
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Real Estate Associations
Reported finances
- Revenue
- $793,246
- Expenses
- $7,438,913
- Assets
- $0
- Liabilities
- $0
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)
People named in this filing
- JOHN HAUPERT (DIRECTOR & PRESIDENT)
- ANTHONY SAUL (DIRECTOR & CFO)
- TIMOTHY JEFFERSON (DIRECTOR & VP & SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
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 august 16, 2017, 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 wic, 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
- Grant intermediary. The nonprofit sent 93% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 93
- Accountability: 42
- Sustainability: 10
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- 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: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -837.8%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 33.2% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 11.6% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: -7.8% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 3 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $7.4M in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 14 of 14 current checks pass
- Schedules: 5 filed schedules · includes grants
- Filing history: 5 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 6 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.
- High — Accountability: Independent voting board scored 0/100.
- High — Sustainability: Operating margin scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.