Health Equity Partners Properties Inc

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

Louisville, KY

Total Revenue
$27,791,667
Total Expenses
$1,327,206
Total Assets
N/A
Net Assets
N/A
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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
2025-01-01 to 2025-07-10

Health Equity Partners Properties Inc, founded in 2018, is a mid-sized nonprofit in the Human Services sector that reported $27.8M in total revenue in fiscal year 2025. Revenue surged 4391% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26.5M, a strong 95% operating margin.

Mission

Health Equity Partners Properties (HEPP) was created in 2018 as a not-for-profit, charitable organization. HEPP brings multiple collaborative services under one roof, in an effort to provide community-integrated health to residents who would not otherwise have adequate access to services. HEPP held the title to a parcel of real property located at 1720 W. Broadway in Louisville, Kentucky, 40210 until its dissolution in July 2025, upon which time it was transferred to the YMCA.

Program Service Accomplishments

Program 1
Expenses: $513,585 Revenue: $21,667

Collaborative partners have been selected to build a broad continuum of health at a single location. These include the YMCA (mental, physical, and spiritual health), Norton Health Care (pediatric and...

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Collaborative partners have been selected to build a broad continuum of health at a single location. These include the YMCA (mental, physical, and spiritual health), Norton Health Care (pediatric and family medicine clinic), ProRehab (physical therapy), Family and Children's Place (behavioral health), Republic Bank (fiscal literacy, asset building and protection), and Gilda's Club (support community for those affected by cancer). These services will be built around combining strong and trusted brands, seamless integration of services, ease of access, strong relationships with constituents and providers, and delivery by servant leaders. Internally, partners will agree to collaborate in such a way that multiple needs can be met driven by building relationships and trust, and cross referencing services in a familiar, welcoming way. Barriers will be reduced and impact can be increased. This is a bold and unique project incorporating a wide array of services delivered in a highly coordinated manner.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $27,791,667
TOTAL REVENUE $27,791,667

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $513,585
Other Expenses $1,327,206
TOTAL EXPENSES $1,327,206

Year-over-Year Comparison

2025 2024 Change
Revenue $27,791,667 $618,896 +43.9%
Expenses $1,327,206 $1,537,579 -0.1%
Net Income $26,464,461 $-918,683 -29.8%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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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
2
$622,487
Total Directors
5
$622,487
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 $50,397 $448,987
Joshua Zimmerman VP of Finance/CFO 10.0
Officer Director
$0 $36,821 $173,500
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
2025 $27,791,667 $1,327,206 No data $26,464,461
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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