Jackson Hospital Qalicb Inc

Nonprofit profile at a glance

EIN
863052869
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
Marianna, FL, USA
Phone
8507182623
Rating confidence
Limited
Sector
Community Improvement, Capacity Building N.E.C.

Reported finances

Revenue
$-1,868,901
Expenses
$0
Assets
$31,690,226
Liabilities
$13,524,000

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • KEITH WILLIAMS (PRESIDENT)

People named in this filing

  • KEITH WILLIAMS (PRESIDENT)
  • JORGE GARCIA (SECRETARY)
  • ROBERT REIFF (TREASURER)

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 reduce the burdens of government by serving as a type iii supporting organization for the benefit of and to support the jackson hospital board of trustees and the governing body of the jackson county hospital district.

What it reported doing in 2024

A. Applicant was formed under the Florida nonprofit corporation act to serve as a type 3 functionally integrated supporting organization within the meaning of section 509(a)(3) of the internal revenue code of 1986, as amended (the code), treasury regulations section 1.509(a)-4(i), and notice 2014-4 that is operated in connection with and for the benefit of the jackson county hospital district, a public, non-profit independent special district established under chapter 2003-363 of the laws of Florida (the hospital district). Applicant was formed to reduce the burdens of government by serving as a qualified active low-income community business or qalicb (as defined in code section 45d(d)(2)) to facilitate the financing of (i) certain repairs to the jackson county hospital (the hospital), which suffered significant damage as a result of hurricane michael in 2018, (ii) the relocation and expansion of the hospital's nuclear medicine department, and (iii) the acquisition of medical equipment for use in the hospital (the foregoing is collectively referred to in this application as the project). In connection with the project, applicant will lease the hospital building and the real property on which the hospital is located (the project property) pursuant to a long-term ground lease with the hospital district. Applicant will then sublease the completed project (including the newly acquired equipment) back to the hospital district pursuant to a sublease. The hospital district will continue to operate the hospital.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 57
  • Sustainability: 11
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 22nd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -100%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0.43; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: -5.3% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 2 of 3 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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 — Growth: Asset growth scored 0/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 20/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.