2023-07-21T15:24:07-05:00 2022-05-17 135565207 KPMG LLP 500 W 5TH ST STE 800 WINSTONSALEM NC 27101 990 2022-01-01 472922502 GRADY HEALTH RESOURCES INC GRAD 4046161846 80 JESSE HILL JR DRIVE SE ATLANTA GA 30303 ANTHONY SAUL CFO 4046161846 2023-07-19 1 ANTHONY SAUL 999009999 0 KAVITA GADA P01773072 3362753394 2023-04-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X ANTHONY SAUL 80 JESSE HILL JR DRIVE SE ATLANTA GA 30303 730419 0 X WWW.GRADYHEALTH.ORG X 2015 GA TO HOLD TITLE TO PROPERTY, COLLECT INCOME, AND DISTRIBUTE TO GRADY MEMORIAL HOSPITAL CORPORATION, A 501(C)(3) ORGANIZATION. X 3 0 0 0 0 0 0 0 1365656 730419 0 0 0 0 1365656 730419 0 53583958 0 0 0 0 0 0 0 1111912 566823 1111912 54150781 253744 -53420362 88968049 0 35547687 0 53420362 0 X TO HOLD TITLE TO PROPERTY, COLLECT INCOME, TO DISTRIBUTE INCOME, LESSEXPENSES TO GRADY MEMORIAL HOSPITAL CORPORATION, AN ORGANIZATION ASDESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND TOPERFORM ALL OTHER ACTS NECESSARY OR INCIDENTAL TO THE ABOVE AND TO DOWHATEVER IS DEEMED NECESSARY, USEFUL, ADVISABLE, OR CONDUCTIVE,DIRECTLY OR INDIRECTLY, AS DETERMINED BY THE BOARD OF DIRECTORS, TOCARRY OUT THE PURPOSE OF THE CORPORATION, AS SET FORTH IN THESEARTICLES OF INCORPORATION, INCLUDING THE EXERCISE OF ALL OTHER POWERAND AUTHORITY ENJOYED BY CORPORATION GENERALLY BY VIRTUE OF THEPROVISIONS OF THE GEORGIA NONPROFIT CORPORATION CODE (WITHIN ANDSUBJECT TO THE LIMITATIONS OF SECTION 501(C)(2) OF THE INTERNALREVENUE CODE). 0 0 54150781 53583958 730419 ON APRIL 8, 2015, GRADY MEMORIAL HOSPITAL CORPORATION (GMHC) OBTAINED FINANCING THROUGH THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM SPONSORED BY THE U.S. DEPARTMENT OF TREASURY. THE NMTC PROGRAM PERMITS CERTAIN TAXPAYERS TO RECEIVE A CREDIT AGAINST FEDERAL INCOME TAXES FOR MAKING QUALIFIED EQUITY INVESTMENTS (QEIS) IN COMMUNITY DEVELOPMENT ENTITIES (CDES). THROUGH THE TRANSACTION, GRADY HEALTH RESOURCES, INC. (GHR), A WHOLLY-OWNED SUBSIDIARY OF GMHC, WAS FORMED FOR THE PURPOSE OF EFFECTING GMHC'S PARTICIPATION IN THE NMTC PROGRAM. THE U.S. TAX CREDIT PROVIDED TO THE INVESTOR TOTALS 39 PERCENT OF THE INITIAL VALUE OF THE QEI AND IS CLAIMED OVER A SEVEN-YEAR CREDIT ALLOWANCE PERIOD. 54150781 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X GINA SMITH VP FISCAL SERVICESCONTROLLER 4046167355 80 JESSE HILL JR DRIVE SE ATLANTA GA 30303 X JOHN M HAUPERT DIRECTOR & CHIEF EXEC OFFI 1.00 40.00 X X 0 0 0 TIMOTHY JEFFERSON DIRECTOR & SECRETARY 1.00 40.00 X X 0 0 0 ANTHONY SAUL DIRECTOR & CFO 1.00 40.00 X X 0 0 0 0 0 0 0 0 0 0 0 LEASE INCOME 531190 730419 730419 730419 730419 730419 0 0 53583958 53583958 LEASE EXPENSES 226609 226609 NMTC FEES 216297 216297 NMTC INTEREST EXPENSE 98677 98677 NMTC CLOSING COST AMORT 25240 25240 54150781 54150781 0 0 1549 0 0 0 7819871 0 0 0 0 0 0 0 80984321 0 0 0 0 0 162308 0 88968049 0 5217927 30329760 0 35547687 0 X 53420362 0 53420362 0 88968049 0 -53420362 0 X 0 1 X 1 0 0 X PART X, LINE 2: FORM 990, PART IV, LINE 11F AND SCHEDULE D, PART X, LINE 2 THE SYSTEM APPLIES FASB ASC 740, INCOME TAXES (ASC 740), WHICH ADDRESSES THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS. ASC 740 PROVIDES GUIDANCE ON WHEN TAX POSITIONS ARE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND HOW THE VALUES OF THESE POSITIONS ARE DETERMINED. THERE IS NO IMPACT ON THE SYSTEM'S CONSOLIDATED FINANCIAL STATEMENTS AS A RESULT OF APPLYING ASC 740. 1 GRADY MEMORIAL HOSPITAL CORPORATION 80 JESSE HILL JR DRIVE SE ATLANTA GA 30303 262037695 501(C)(3) 53583958 0 TRANSFER PURSUANT TO DISSOLUTION 1 PART II, LINE 1 GRADY HEALTH RESOURCES, INC. FILED ARTICLES OF DISSOLUTION WITH THE GEORGIA SECRETARY OF STATE ON MAY 17, 2022 AND BEGAN THE WINDING UP PROCESS WHEREBY ALL DEBTS WERE PAID AND THE REMAINING CASH OF $53,583,958 WAS TRANSFERRED TO THE GRADY MEMORIAL HOSPITAL CORPORATION, A 501(C)(3) ORGANIZATION. CASH 2022-05-17 53583958 262037695 GRADY MEMORIAL HOSPITAL CORPORATION 80 JESSE HILL JR DRIVE SE ATLANTA GA 30303 501(C)(3) 1 0 0 0 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: JOHN M HAUPERT, TIMOTHY JEFFERSON, AND ANTHONY SAUL PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: PRIOR TO THE 5/17/22 JOHN M HAUPERT, TIMOTHY JEFFERSON, AND ANTHONY SAUL, EACH SERVED AS OFFICER OF THE TRANSFEREE ORGANIZATION AND DIRECTOR OF THE RELATED ORGANIZATIONS. AFTER THE DISSOLUTION JOHN M HAUPERT, TIMOTHY JEFFERSON, AND ANTHONY SAUL, EACH WILL CONTINUE TO SERVE AS OFFICER OF THE TRANSFEREE ORGANIZATION AND DIRECTOR OF THE RELATED ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 6 GRADY HEALTH RESOURCES, INC. HAS ONE MEMBER, GRADY MEMORIAL HOSPITAL CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B GRADY HEALTH RESOURCES, INC.'S INDEPENDENT ACCOUNTANT PREPARED THE RETURN AND REVIEWED THE RETURN WITH THE ORGANIZATION PRIOR TO FILING. A FINAL DRAFT WAS DISTRIBUTED TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C LINES 12-14 CONFLICT OF INTEREST, WHISTLEBLOWER, AND DOCUMENT RETENTION POLICIES. WHILE GRADY HEALTH RESOURCES, INC. DOES NOT HAVE ITS OWN CONFLICT OF INTEREST, WHISTLEBLOWER, AND DOCUMENT RETENTION POLICIES, GRADY MEMORIAL HOSPITAL CORPORATION'S POLICIES, ITS SOLE MEMBER, APPLY TO THE FILING ORGANIZATION. GRADY MEMORIAL HOSPITAL CORPORATION HAS ESTABLISHED A CONFLICT OF INTEREST POLICY WHICH HAS BEEN REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. GRADY MEMORIAL HOSPITAL CORPORATION IS COMMITTED TO THE BELIEF THAT SOUND BUSINESS PRACTICES START WITH AN ABSOLUTE COMMITMENT FROM EACH EMPLOYEE TO ACT ETHICALLY IN CARRYING OUT GRADY MEMORIAL HOSPITAL CORPORATION'S BUSINESS, AND TO COMPLY WITH THE LAWS AND REGULATIONS THAT WOULD IMPACT ITS BUSINESS, THUS GRADY MEMORIAL HOSPITAL CORPORATION'S EMPLOYEES MUST AVOID PARTICIPATING IN ACTIVITIES THAT CREATE OR APPEAR TO CREATE A CONFLICT OF INTEREST. GMHC'S CONFLICT OF INTEREST SURVEY IS ADMINISTERED ANNUALLY TO OFFICERS, DIRECTORS, KEY EMPLOYEES AND OTHER IDENTIFIED PERSONNEL AND AT THE TIME OR APPOINTMENT AND REAPPOINTMENT OF MEDICAL STAFF. AFFIRMATIVE REPLIES ARE REVIEWED FOR DETERMINING APPROPRIATE MANAGEMENT, WHERE APPLICABLE. FORM 990, PART VI, SECTION B, LINE 15 LINE 15B - COMPENSATION OF CEO AND KEY EMPLOYEES GRADY HEALTH RESOURCES, INC. DOES NOT HAVE EMPLOYEES. ALL INDIVIDUALS LISTED IN PART VII ARE COMPENSATED BY GRADY MEMORIAL HOSPITAL, ITS RELATED ORGANIZATION. GRADY MEMORIAL HOSPITAL'S EXECUTIVE COMPENSATION FALLS WITHIN THE PURVIEW OF THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS AND IS REVIEWED ANNUALLY. GRADY MEMORIAL HOSPITAL CORPORATION'S BOARD OF DIRECTORS DESIGNATED THE COMPENSATION COMMITTEE TO BE RESPONSIBLE FOR ESTABLISHING COMPENSATION PRACTICES WHICH ARE REASONABLE AND DO NOT VIOLATE THE PRIVATE INUREMENT PROHIBITION. FORM 990, PART VI, SECTION C, LINE 19 LINE 19 - DOCUMENTS MADE PUBLIC GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. THE GRADY HEALTH FOUNDATION INC 191 PEACHTREE STREET NE 820 ATLANTA GA 30303 582130437 HEALTH CARE GA 501(C)(3) LINE 7 N/A 0 GRADY MEMORIAL HOSPITAL CORPORATION 80 JESSE HILL JR DRIVE SE ATLANTA GA 30303 262037695 HEALTH CARE GA 501(C)(3) LINE 3 N/A 0 GRADY WIC INC 80 JESSE HILL JR DRIVE SE ATLANTA GA 30303 821799159 NMTC GA 501(C)(2) GMHC 0 GRADY CASS INC 80 JESSE HILL JR DRIVE SE ATLANTA GA 30303 822528602 NMTC GA 501(C)(2) GMHC 0 GRADY PONCE INC 80 JESSE HILL JR DRIVE SE ATLANTA GA 30303 873600624 NMTC GA 501(C)(2) GMHC 0 RELIANT EMERGENCY SPECIALTIES 745 MEMORIAL DR SE ATLANTA GA 30316 471397856 FLEET MAINTEN GA GMHC C 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 GRADY MEMORIAL HOSPITAL CORPORATION J 226609 FMV GRADY MEMORIAL HOSPITAL CORPORATION K 730419 FMV