2024-11-14T14:29:05-06:00 2023-12-31 135565207 KPMG LLP 500 W 5TH STREET SUITE 800 WINSTONSALEM NC 27101 990 2023-01-01 873600624 GRADY PONCE INC GRAD 4046161846 80 JESSE HILL JR DR SE ATLANTA GA 30303 ANTHONY SAUL SR EVP/COO/CFO 4046161846 2024-11-12 1 0 WHITNEY B HEBRON P01226647 3362753394 2024-11-11 2023 2024-10-15 13:58:12Z ANTHONY SAUL 80 JESSE HILL JUNIOR DRIVE SE ATLANTA GA 30303 2350000 0 X WWW.GRADYHEALTH.ORG X 2021 GA TO HOLD TITLE TO PROPERTY, COLLECT INCOME AND DISTRIBUTE TO GRADY MEMORIAL HOSPITAL CORPORATION, A 501(C)(3) ORGANIZATION. 3 0 0 0 0 0 0 0 0 2350000 0 0 0 0 0 2350000 0 0 0 0 0 0 0 0 0 916467 987821 916467 987821 -916467 1362179 72047998 79395323 38139250 38573789 33908748 40821534 X TO HOLD TITLE TO PROPERTY, COLLECT INCOME, TO DISTRIBUTE INCOME, LESS EXPENSES TO GRADY MEMORIAL HOSPITAL CORPORATION, AN ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND TO PERFORM ALL OTHER ACTS NECESSARY OR INCIDENTAL TO THE ABOVE AND TO DO WHATEVER IS DEEMED NECESSARY, USEFUL, ADVISABLE, OR CONDUCTIVE, DIRECTLY OR INDIRECTLY, AS DETERMINED BY THE BOARD OF DIRECTORS, TO CARRY OUT THE PURPOSE OF THE CORPORATION, AS SET FORTH IN THESE ARTICLES OF INCORPORATION, INCLUDING THE EXERCISE OF ALL OTHER POWER AND AUTHORITY ENJOYED BY CORPORATION GENERALLY BY VIRTUE OF THE PROVISIONS OF THE GEORGIA NONPROFIT CORPORATION CODE (WITHIN AND SUBJECT TO THE LIMITATIONS OF SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE). 0 0 987821 2350000 ON JANUARY 13, 2022, GRADY MEMORIAL HOSPITAL CORPORATION (GMHC) ENTERED INTO A TRANSACTION WITH A BANK AND CERTAIN LENDERS TO OBTAIN 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 PONCE, INC., 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. 987821 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 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 SERVICESCON 4046167355 80 JESSE HILL JUNIOR DRIVE SE ATLANTA GA 30303 JOHN HAUPERT DIRECTOR & PRESIDENT 1.00 40.00 X X 0 2381513 45341 ANTHONY SAUL DIRECTOR & CFO 1.00 40.00 X X 0 908033 36903 TIMOTHY JEFFERSON DIRECTOR & VP & SECRETARY 1.00 40.00 X X 0 772519 62634 0 4062065 144878 0 0 1 0 0 NMTC FAC LEASE INC 531190 2350000 2350000 2350000 2350000 2350000 0 0 NMTC FEES 290262 290262 NMTC INTEREST EXPENSE 286592 286592 NMTC GROUND SUBLEASE 261552 261552 NMTC AMORTIZATION 149415 149415 987821 987821 0 0 1789 29961 2350000 40375822 34825215 40375822 37220994 36639540 72047998 79395323 288193 573317 37851057 38000472 38139250 38573789 X 33908748 40821534 33908748 40821534 72047998 79395323 X 1362179 5550607 X 0 1 X 1 0 36580550 36580550 3555951 3555951 239321 239321 40375822 INTERCOMPANY RECEIVABLE 34194158 RESTRICTED CASH 2445382 36639540 NOTES PAYABLE - NET NMTC 38000472 38000472 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. SCHEDULE D, PART VI DEPRECIATION EXPENSE ASSOCIATED WITH THE FIXED ASSETS TRANSFERRED TO THE ORGANIZATION IS RECORDED ON THE BOOKS OF GRADY MEMORIAL HOSPITAL CORPORATION. 0 1 0 JOHN HAUPERT DIRECTOR & PRESIDENT 0 1551513 0 800000 0 30000 0 13200 0 32141 0 2426854 0 0 ANTHONY SAUL DIRECTOR & CFO 0 712158 0 173375 0 22500 0 13200 0 23703 0 944936 0 0 TIMOTHY JEFFERSON DIRECTOR & VP & SECRETARY 0 593141 0 155952 0 23426 0 29315 0 33319 0 835153 0 0 PART I, LINE 4B SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLANS THE EXECUTIVE STAFF OF GRADY MEMORIAL HOSPITAL CORPORATION, THE TAXPAYER'S SOLE MEMBER, PARTICIPATE IN A 457F PLAN. NONE OF THE OFFICERS LISTED ON SCHEDULE J, PART II RECEIVED A PAYMENT FROM THE PLAN IN 2023. FORM 990, PART VI, SECTION A, LINE 6 GRADY PONCE, INC. HAS ONE MEMBER, GRADY MEMORIAL HOSPITAL CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B - REVIEW PROCESS OF FORM 990 GRADY PONCE, 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 PONCE, 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 PONCE, 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. FORM 990, PART XI, LINE 9: INTERCOMPANY TRANSACTIONS 5,550,607. 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 HEALTH FOUNDATION INC 191 PEACHTREE STREET NE 820 ATLANTA GA 30303 582130437 HEALTH CARE GA 501(C)(3) LINE 7 N/A 0 HENRY W GRADY FOUNDATION 191 PEACHTREE STREET NE 820 ATLANTA GA 30303 582130437 HEALTH CARE GA 501(C)(3) LINE 7 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 852828602 NMTC GA 501(C)(2) GMHC 0 RELIANT EMERGENCY SPECIALTIES 745 MEMORIAL DR SE ATLANTA GA 30316 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 2350000 FMV GRADY MEMORIAL HOSPITAL CORPORATION K 261552 FMV