Health Equity Partners Properties Inc

EIN: 821363885 501(c)(3) Human Services

Louisville, KY

Total Revenue
$618,896
Total Expenses
$1,537,579
Total Assets
$27,445,450
Net Assets
$-195,118
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
KY
Phone
5025879622
Tax Period
2024-01-01 to 2024-12-31

Health Equity Partners Properties Inc, founded in 2018, is a small nonprofit in the Human Services sector that reported $619K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 148% operating deficit.

Mission

Health Equity Partners Properties (HEPP) was created in 2018 as a not-for-profit, charitable organization. The purpose of HEPP is to bring multiple collaborative services under one roof, in effort to provide community-integrated health to residents who would not otherwise have adequate access to services. HEPP holds the title to a parcel of real property located at 1720 W. Broadway, Louisville KY 40210. The YMCA of Greater Louisville is a mission-based membership organization of people of all ages, backgrounds, faiths & abilities, all working side-by-side to ensure that everyone has the opportunity to live life to its fullest. Our mission is to put Christian principles into practice through programs that build healthy spirit, mind, and body for all. We have three areas of focus: Youth Development, Healthy Living and Social Responsibility. We believe that lasting personal and social change can only come about when we work together to invest in our kids, our health and our neighbors. At the root of our Movement is our commitment to character development embodied in the Y's core values of caring, honesty, respect and responsibility; everything we do stems from this. We have affordable membership and program rates for everyone, and we provide financial assistance to those who need it. The Y is committed to nurturing the potential of youth, promoting healthy living, and fostering a sense of social responsibility and building the Foundations of Community.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $575,563
Investment Income $0
Other Revenue $43,333
TOTAL REVENUE $618,896

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,395,526
Other Expenses $1,537,579
TOTAL EXPENSES $1,537,579

Year-over-Year Comparison

2024 2023 Change
Revenue $618,896 $397,747 +0.6%
Expenses $1,537,579 $1,431,810 +0.1%
Net Income $-918,683 $-1,034,063 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$595,541
Total Directors
6
$595,541
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gary Cobbs President 10.0
Officer Director
$0 $46,856 $365,852
Joshua Zimmerman VP of Finance/CFO 10.0
Officer Director
$0 $34,169 $177,171
Richard S Tarver President - Retired 10.0
Officer Director
$0 $6,513 $52,518
Audrey S Roling Board Member 1.0
Director
$0 $0 $0
Courtney Giesel Board Member 1.0
Director
$0 $0 $0
Robert W Rounsavall III Board Member 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $618,896 $1,537,579 $27,445,450 $-918,683
2023 $397,747 $1,431,810 $28,441,626 $-1,034,063
2022 $480,326 $1,415,320 $29,137,445 $-934,994
2021 $-279,978 $1,423,041 $29,559,219 $-1,703,019
2020 $2,179,267 $1,404,396 $32,224,562 $774,871
2019 $2,097,897 $178,255 $33,169,146 $1,919,642
2018 $2,135,055 $433,927 $32,810,251 $1,701,128
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