GRADY HEALTH RESOURCES INCClosed
Closed
Programs
Closed
This organization closed in 2022. It filed a final 990 indicating termination and no longer appears as active in IRS records, as it is absent from the EO Business Master File and Pub78 List.
Program 1 [2020]
ON APRIL 8, 2015, GRADY MEMORIAL HOSPITAL CORPORATION (GMHC)OBTAINED FINANCING THROUGH THE NEW MARKETS TAX CREDIT (NMTC) PROGRAMSPONSORED BY THE U.S. DEPARTMENT OF TREASURY. THE NMTC PROGRAMPERMITS CERTAIN TAXPAYERS TO RECEIVE A CREDIT AGAINST FEDERALINCOME TAXES FOR MAKING QUALIFIED EQUITY INVESTMENTS (QEIS) INCOMMUNITY DEVELOPMENT ENTITIES (CDES). THROUGH THE TRANSACTION,GRADY HEALTH RESOURCES, INC. (GHR), A WHOLLY-OWNED SUBSIDIARY OFGMHC, WAS FORMED FOR THE PURPOSE OF EFFECTING GMHC'S PARTICIPATIONIN THE NMTC PROGRAM. THE U.S. TAX CREDIT PROVIDED TO THE INVESTORTOTALS 39 PERCENT OF THE INITIAL VALUE OF THE QEI AND IS CLAIMEDOVER A SEVEN-YEAR CREDIT ALLOWANCE PERIOD.GeographiesNot indicatedDatesJan 1, 2020 – Dec 31, 2020Source990No causes providedNo populations provided–$1.1MNew Markets Tax Credit Program
ON APRIL 8, 2015, GRADY MEMORIAL HOSPITAL CORPORATION (GMHC)OBTAINED FINANCING THROUGH THE NEW MARKETS TAX CREDIT (NMTC) PROGRAMSPONSORED BY THE U.S. DEPARTMENT OF TREASURY. THE NMTC PROGRAMPERMITS CERTAIN TAXPAYERS TO RECEIVE A CREDIT AGAINST FEDERALINCOME TAXES FOR MAKING QUALIFIED EQUITY INVESTMENTS (QEIS) INCOMMUNITY DEVELOPMENT ENTITIES (CDES). THROUGH THE TRANSACTION,GRADY HEALTH RESOURCES, INC. (GHR), A WHOLLY-OWNED SUBSIDIARY OFGMHC, WAS FORMED FOR THE PURPOSE OF EFFECTING GMHC'S PARTICIPATIONIN THE NMTC PROGRAM. THE U.S. TAX CREDIT PROVIDED TO THE INVESTORTOTALS 39 PERCENT OF THE INITIAL VALUE OF THE QEI AND IS CLAIMEDOVER A SEVEN-YEAR CREDIT ALLOWANCE PERIOD.GeographiesNot indicatedDatesJan 1, 2021 – Dec 31, 2021Source990No causes providedNo populations provided–$1.1M
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