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Lchs Foundaton Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 821142195 ✦ Livingston, CA ✦ Designated as a 501(c)(3)

Overview

What is Lchs Foundaton Inc?

Lchs Foundaton Inc is a nonprofit organization situated in Livingston, California, with a primary mission to support and benefit Livingston Community Health. They achieve this by acquiring, developing, owning, operating, and leasing property to the health organization. A notable achievement of Lchs Foundaton Inc is financing the construction of a 40,000-square-foot medical campus for Livingston Community Health using a mix of New Market Tax Credits and loans from private investors. Completed in 2019, the organization subsequently leased this state-of-the-art facility to Livingston Community Health, which provides professional medical services to the local community.


Is Lchs Foundaton Inc legitimate?

Lchs Foundaton Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lchs Foundaton Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Lchs Foundaton Inc?
Who is the CEO of Lchs Foundaton Inc?
What is the revenue of Lchs Foundaton Inc?
Who are the executives of Lchs Foundaton Inc and what are their salaries?
Where can I find the form 990 for Lchs Foundaton Inc?

Mission Statement of Lchs Foundaton Inc

Lchs Foundation Inc is committed to exclusively benefiting and supporting Livingston Community Health, an organization that provides professional medical services to the public within Livingston, California. The foundation's mission is to aid Livingston Community Health in its mission by acquiring, developing, owning, operating, and leasing property. In simple terms, Lchs Foundation Inc serves as a financial backbone, facilitating the expansion and improvement of medical facilities for the benefit of the community it serves.

The foundation's efforts culminated in the construction of a 40,000-square-foot medical campus for Livingston Community Health. This project was made possible through a combination of New Market Tax Credits and loans from private investors. The completion of the construction in spring 2019 marked a significant milestone, providing Livingston Community Health with a modern and expansive facility to deliver healthcare services to the community. Since then, Lchs Foundation Inc has leased the medical campus to Livingston Community Health, ensuring the continuous provision of professional medical services to the public within the Livingston area.

In essence, Lchs Foundation Inc plays a crucial role in supporting Livingston Community Health, enabling the organization to provide high-quality medical services to the community. By financing the construction of medical facilities and leasing them to Livingston Community Health, Lchs Foundation Inc contributes to the overall well-being of the community, making healthcare more accessible and affordable for all.

Impact

This information is meant to be a general summary of Lchs Foundaton Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Lchs Foundation Inc's impact lies in its crucial role in financing the construction of a 40,000-square-foot medical campus for Livingston Community Health in Livingston, California. This initiative has significantly enhanced access to professional medical services for the public in the area. The completion of the new campus in Spring 2019 marked a milestone in improving healthcare infrastructure in the community. By acquiring, developing, owning, operating, and leasing property to Livingston Community Health, Lchs Foundation Inc has played a vital part in supporting the organization's mission of providing essential healthcare services to the residents of Livingston and the surrounding areas.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $993,952
  • Gross Receipts: $1,077,015

    • Assets and Liabilities:
  • Total Assets: $19,152,652
  • Total Liabilities: $17,308,102
  • Net Assets: $1,844,550
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MISCELLANEOUS INCOME

    Revenue

    $335

    RENTAL INCOME

    Revenue

    $993,617

    Organization Details

    Founding Year

    2017

    Principal Officer

    Leslie Abasta-Cummings

    Main Address

    600 B STREET BLDG A, LIVINGSTON, CA, 95334

    NTEE Category

    Code: L11 - Housing

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