2025-11-17T20:34:34-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2024-01-01 311518738 QCFI INC QCFI 9496834804 3501 RICE BLVD HOUSTON TX 77005 RICHARD T NEEDHAM PRESIDENT 9496834804 2025-11-17 1 0 KURT BENNION CPA P01469618 4252506100 2025-11-17 2024 2025-03-06 01:10:19Z RICHARD T NEEDHAM 3501 RICE BLVD HOUSTON TX 77005 18167100 0 X N/A X 1998 GA THE DEVELOPMENT, ACQUISTION, OWNERSHIP, AND OPERATION OF HOSPITALS, NURSING CARE FACILITIES, ASSISTED LIVING FACILITIES, PERSONAL CARE HOMES, MEMORY CARE FACILITIES, HOSPITALS, LOW/MODERATE INCOME HOUSING FACILITIES AND RESIDENTIAL FACILITIES FOR THE ELDERLY AND INDIGENT WHICH MAY BE ACQUIRED WITH TAX-EXEMPT BOND-FINANCING. 2 0 520 0 0 0 0 0 0 17926536 0 235975 0 4589 0 18167100 0 0 0 0 0 9749397 0 0 0 0 13157743 0 22907140 0 -4740040 0 150884853 0 155623291 0 -4738438 X THE DEVELOPMENT, ACQUISTION, OWNERSHIP, AND OPERATION OF HOSPITALS, NURSING CARE FACILITIES, ASSISTED LIVING FACILITIES, PERSONAL CARE HOMES, MEMORY CARE FACILITIES, HOSPITALS, LOW/MODERATE INCOME HOUSING FACILITIES AND RESIDENTIAL FACILITIES FOR THE ELDERLY AND INDIGENT WHICH MAY BE ACQUIRED WITH TAX-EXEMPT BOND-FINANCING. 0 0 21711130 0 17926536 THE OPERATION OF DESERT PARKWAY BEHAVIORAL HEALTHCARE HOSPITAL IN LAS VEGAS, NEVADA. 21711130 1 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 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 19 0 520 1 0 0 0 0 0 0 0 0 0 0 0 0 X 2 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X RICHARD T NEEDHAM 9496834804 3501 RICE BLVD HOUSTON TX 77005 JAMES D GOLDEN CHIEF EXECUTIVE OFFICER 20.00 2.00 X X 85054 0 0 RICHARD T NEEDHAM PRESIDENT, CFO, SECRETARY 20.00 5.00 X X 84833 0 0 TATIANA GRZEDA HOUSE SUPERVISOR 46.00 0.00 X 136967 0 0 NYA TROKPAO RN NURSE 47.00 0.00 X 135126 0 14463 MULLAI RAJASEKARAN RN NURSE 44.00 0.00 X 130521 0 228 JANE RUTCHELL ALTAR RN NURSE 42.00 0.00 X 123543 0 16139 MAILE MANTALABA RN NURSE 42.00 0.00 X 123474 0 8005 819518 0 38835 17 0 0 0 ADVANCED PHARMACEUTICAL CONSULTANTS LLC 555 NE 15TH STREET MIAMI FL 33132 PHARMACY CONSULTING SERVICES 106392 1 NET PATIENT REVENUES 621110 15612157 15612157 OTHER OPERATING INCOME 621110 2314379 2314379 17926536 99588 99588 136387 136387 MISCELLANEOUS INCOME 900099 4589 4589 4589 18167100 17926536 0 240564 169887 169887 8228202 8228202 598127 598127 753181 753181 1026123 1026123 39125 39125 14507 14507 986835 986835 47284 47284 86323 86323 291358 291358 77498 77498 13194 13194 5809689 5809689 3115822 3115822 519147 519147 FOOD 335311 335311 TAXES 252490 252490 MEDICAL SUPPLIES 195869 195869 BAD DEBT EXPENSE 180648 180648 166520 166520 22907140 21711130 1196010 0 2067009 5719787 95020 103588 75932166 826553 0 75105613 52653178 0 15140658 0 150884853 7993386 142531949 5097956 0 155623291 X 0 -4738438 0 -4738438 0 150884853 -4740040 1602 0 X X 0 0 0 X 17926536 17926536 17926536 17926536 0 0 0 17926536 235975 235975 235975 235975 4589 4589 18167100 18167100 0.98680 0.00000 0.01300 0.00030 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME 5000000 5000000 68600000 723629 67876371 1075000 22396 1052604 1257166 80528 1176638 75105613 BOND FUNDS HELD BY TRUSTEE 15140658 15140658 1 1 X 1 X 1 X 1 1 1 0 0 262837 262837 0.01160 12458675 8080955 4377720 0.19260 12721512 8080955 4640557 0.20420 12721512 8080955 4640557 0.20420 1 180648 0 3553688 6627965 -3074277 X 1 0 1 1 DESERT PARKWAY BEHAVIORAL HEALTHCARE HOSPITAL 3247 S MARYLAND PARKWAY LAS VEGAS NV 89109 WWW.DESERTPARKWAY.COM 7579-HOS-15 X BEHAVIORAL HEALTHCARE DESERT PARKWAY BEHAVIORAL HEALTHCARE HOS 1 0 1 0 0 1 X 200.000000000000 350.000000000000 X X X 1 1 X X X 1 X X X 1 X 0 X X X X 0 X 0 0 DESERT PARKWAY BEHAVIORAL HEALTHCARE HOSPITAL PART V, SECTION B, LINE 2: DESERT PARKWAY BEHAVIORAL HEALTHCARE HOSPITAL WAS ACQUIRED IN AUGUST 2024. PRIOR TO THIS TIME, THE HOSPITAL OPERATED AS A FOR-PROFIT HOSPITAL THAT WAS NOT SUBJECT TO THE PROVISIONS OF IRC SECTION 501(R). DESERT PARKWAY BEHAVIORAL HEALTHCARE HOSPITAL PART V, SECTION B, LINE 21C: DESERT PARKWAY BEHAVIORAL HEALTHCARE HOSPITAL'S SERVICES ARE LIMITED TO INPATIENT AND OUTPATIENT MENTAL ILLNESS AND SUBSTANCE ABUSE DISORDER TREATMENT SERVICES, SO THE HOSPITAL DOES NOT OPERATE A TRADITIONAL EMERGENCY ROOM FOR THE COMMUNITY. PART I, LINE 3C: AN INDIVIDUAL QUALIFIES FOR FINANCIAL ASSISTANCE UNDER DESERT PARKWAY BEHAVIORAL HEALTHCARE HOSPITAL'S FINANCIAL ASSISTANCE POLICY IF THEY (A) RECEIVE MEDICALLY NECESSARY CARE, (B) COMPLETE TEH FINANCIAL ASSESSMENT PROCESS AND PROVIDE TIMELY INFORMATION AS REQUESTED, AND (C) HAVE GROSS INCOME AT OR BELOW 350 PERCENT OF FEDERAL POVERTY GUIDELINES. PART I, LINE 7, COLUMN (F): THE BAD DEBT EXPENSE INCLUDED ON FORM 990, PART IX, LINE 25, COLUMN (A), BUT SUBTRACTED FOR PURPOSES OF CALCULATING THE PERCENTAGE IN THIS COLUMN IS $ 180,648. PART III, LINE 2: THE COMPANY RECORDS A PROVISION FOR UNCOLLECTIBLE ACCOUNTS IN THE PERIOD OF SERVICE ON THE BASIS OF ITS PAST EXPERIENCE, WHICH INDICATES THAT MANY PATIENTS ARE UNABLE OR UNWILLING TO PAY THE PORTION OF THEIR BILL FOR WHICH THEY ARE FINANCIALLY RESPONSIBLE. THE DIFFERENCE BETWEEN THE STANDARD RATES (OR THE DISCOUNTED RATES IF NEGOTIATED OR PROVIDED BY POLICY) AND THE AMOUNTS ACTUALLY COLLECTED AFTER ALL REASONABLE COLLECTION EFFORTS HAVE BEEN EXHAUSTED IS CHARGED OFF AS IMPLICIT PRICE CONCESSIONS. PART III, LINE 3: THE HOSPITAL HAS NOT IDENTIFIED A METHODOLOGY FOR CALCULATING THE PORTION OF BAD DEBT EXPENSE ATTRIBUTABLE TO PATIENTS WHO QUALIFIED FOR FINANCIAL ASSISTANCE BUT DID NOT COMPLETE AN APPLICATION. PART III, LINE 4: FOR AN EXPLANATION OF THE HOSPITAL'S BAD DEBT EXPENSE, SEE THE "PATIENT ACCOUNTS RECEIVABLE NOTE ON PAGE 8 OF THE ATTACHED AUDITED FINANCIAL STATEMENTS. PART III, LINE 8: THE MEDICARE REVENUES AND ALLOWABLE COSTS WERE CALCULATED USING THE 2024 MEDICARE COST REPORT. THE HOSPITAL BELIEVES THAT THE NET MEDICARE SHORTFALL SHOULD BE TREATED AS A COMMUNITY BENEFIT BECAUSE (A) MANY MEDICARE RECIPIENTS ARE ELDERLY INDIVIDUALS WHO WOULD ALSO QUALIFY AS LOW-INCOME UNDER MEDICAID IF THEY DID NOT QUALIFY FOR MEDICARE; AND (B) ELDERLY INDIVIDUALS REQUIRE SIGNIFICANTLY MORE HEALTHCARE SERVICES THAN YOUNGER INDIVIDUALS AND THE COST OF THOSE SERVICES WOULD BE A MAJOR BURDEN FOR THE ELDERLY COMMUNITY IF THEY WERE REQUIRED TO PAY THEM IN THE ABSENCE OF MEDICARE COVERAGE. PART VI, LINE 2: WE ASSESS COMMUNITY HEALTHCARE NEEDS BY PARTICIPATING IN DATA-DRIVEN COMMUNITY HEALTH NEEDS ASSESSMENTS, COLLABORATING WITH STATE AND LOCAL PARTNERS SUCH AS THE NEVADA DIVISION OF PUBLIC AND BEHAVIORAL HEALTH. WE ALSO PARTICIPATE IN INITIATIVES WITH REGIONAL BEHAVIORAL HEALTH COALITIONS, POPULATION HEALTH PROJECTS AND TASK FORCES, AND WE ANALYZE OF PUBLIC HEALTH DISPARITIES WITH HOSPITAL UTILIZATION DATA TO IDENTIFY GAPS AND GUIDE SERVICE PRIORITIES. PART VI, LINE 3: OUR HOSPITAL INFORMS AND EDUCATES THE COMMUNITY ABOUT FINANCIAL ASSISTANCE THROUGH ITS BUSINESS OFFICE AND CLINICAL TEAMS, WHO ASSIST PATIENTS AND FAMILIES WITH MEDICAID APPLICATIONS, ELIGIBILITY SCREENING, AND DISCUSS CHARITY CARE PROGRAMS. THE HOSPITAL ALSO PARTNERS WITH LOCAL NONPROFIT ORGANIZATIONS AND COMMUNITY AGENCIES THAT PROVIDE NO-COST OR LOW-COST BEHAVIORAL HEALTH RESOURCES, HELPING CONNECT UNDERFUNDED OR UNINSURED INDIVIDUALS TO AVAILABLE STATE, FEDERAL, AND LOCAL SUPPORT PROGRAMS. PART VI, LINE 4: OUR HOSPITAL PRIMARILY SERVES THE RESIDENTS OF CLARK COUNTY, NEVADA, WHICH INCLUDES THE CITY OF LAS VEGAS. OUR COMMUNITY IS COMPRISED OF HIGH-NEED INDIVIDUALS EXPERIENCING ONGOING BEHAVIORAL HEALTH CHALLENGES, WITH MENTAL HEALTH AND SUBSTANCE USE IDENTIFIED AS KEY PUBLIC HEALTH PRIORITIES BY THE NEVADA DIVISION OF PUBLIC AND BEHAVIORAL HEALTH. GAPS IN CARE ARE OFTEN DRIVEN BY LIMITED SYSTEMIC COMMUNITY PROGRAMS TO SUPPORT PATIENTS AFTER DISCHARGE, RESULTING IN INCONSISTENT ACCESS TO ONGOING THERAPY, HOUSING, AND SUBSTANCE USE RECOVERY RESOURCES. THE CITY'S UNIQUE ENVIRONMENT, MARKED BY HIGH ACCESSIBILITY TO GAMBLING, ALCOHOL, AND OTHER SUBSTANCES CONTRIBUTES TO ELEVATED RATES OF DEPRESSION, ANXIETY, AND ADDICTION-RELATED CRISES. PART VI, LINE 5: DESERT PARKWAY ACTIVELY PROMOTES MENTAL HEALTH AWARENESS AND EDUCATION THROUGHOUT THE LAS VEGAS COMMUNITY THROUGH A VARIETY OF OUTREACH INITIATIVES AND PARTNERSHIPS. THE HOSPITAL PROVIDES PUBLIC EDUCATION WORKSHOPS AND IN-SERVICE TRAININGS FOR SCHOOLS, FIRST RESPONDERS, AND COMMUNITY ORGANIZATIONS TO STRENGTHEN EARLY INTERVENTION AND CRISIS RESPONSE SKILLS. DESERT PARKWAY ALSO PARTICIPATES IN THE 988 COALITION AND PARTNERS WITH NAMI OF SOUTHERN NEVADA TO SUPPORT MENTAL HEALTH ADVOCACY, RESOURCE SHARING, AND PUBLIC AWARENESS CAMPAIGNS. IN ADDITION, THE HOSPITAL IS PROUD TO COLLABORATE WITH THE JASON FOUNDATION, A NATIONALLY RECOGNIZED ORGANIZATION DEDICATED TO PREVENTING YOUTH SUICIDE THROUGH EDUCATION AND EMPOWERMENT. A PUBLIC FINANCE AUTHORITY 273866124 74442PD44 2024-08-08 145938887 SEE PART VI 0 0 0 A 146289345 7657713 3363553 2918778 3620402 123000000 97969 5630929 2024 0 0 0 1 A 0 1 1 1 0 0.00200 0.00000 0.00200 0 0 1 A 0 1 0 0 1 0 1 NATIXIS FUNDING CORP 9.750000000000 1 0 1 A 1 PART I, COLUMN F: THE BONDS WERE ISSUED TO PAY A PORTION OF THE PURCHASE PRICE OF CERTAIN PURCHASED ASSETS, TO FUND THE SENIOR BONDS DEBT SERVICE RESERVE FUND, TO FUND EACH OF THE CAPITAL EXPENSE FUND, THE EXTRAORDINARY EXPENSE FUND AND THE PROPERTY TAX FUND AS WELL AS TO PAY CERTAIN COSTS OF ISSUING THE BONDS. PART II, LINE 3: THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, COLUMN E DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. PART III, LINE 1: QCF/I, INC. IS A SECTION 501(C)(3) ORGANIZATION AND IS THE SOLE MEMBER OF QCF BEHAVIORAL HOSPITALS I, LLC ("QCF LLC"). QCF LLC IS THE SOLE MEMBER OF DESERT PARKWAY BEHAVIORAL HEALTHCARE HOSPITAL, LLC ("HOSPITAL LLC"). FOR FEDERAL INCOME TAX PURPOSES, QCF LLC AND HOSPITAL LLC ARE EACH DISREGARDED AS SEPARATE FROM QCF/I, INC. HOSPITAL LLC OWNS REAL PROPERTY ACQUIRED WITH TAX-EXEMPT BONDS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO MEMBERS - JAMES D. GOLDEN AND RICHARD T. NEEDHAM. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE THE RIGHT TO ELECT DIRECTORS TO SERVE ON THE BOARD AND TO REMOVE, REPLACE AND FILL VACANCIES OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE THE RIGHT TO (I) DESIGNATE A SUCCESSOR MEMBER, (II) REMOVE, REPLACE AND FILL VACANCIES OF DIRECTORS, (III) FIX OR CHANGE THE NUMBER OF DIRECTORS, (IV) PROVIDE FOR STAGGERED TERMS OF DIRECTORS, (V) AMEND THE ARTICLES OF INCORPORATION, AND (VI) AMEND THE BYLAWS. ALL ACTIONS OF THE MEMBERS MUST BE TAKEN BY UNANIMOUS WRITTEN ACTION. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY REVIEWED THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY AND REPORTS ALL INFORMATION TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES COMPARABLE DATA TO DETERMINE COMPENSATION OF ITS EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS PUBLIC INFORMATION DOCUMENTS AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2: DESERT PARKWAY BEHAVIORAL HEALTHCARE HOSPITAL, LLC'S 2024 FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. QCFI, INC., THE PARENT COMPANY, HAD IMMATERIAL ACTVIITY IN 2024 SO IT WAS NOT INCLUDED IN THOSE AUDITED FINANCIAL STATEMENTS. QCF SAXONY HEALTH CENTER LLC 223 PITTSBURGH STREET SAXONBURG PA 16056 571154705 NURSING HOME PA 0 0 QCFI INC QCF BEHAVIORAL HOSPITALS I LLC 3501 RICE BOULEVARD HOUSTON TX 77005 884333338 HOSPITAL TX 0 0 QCFI INC DESERT PARKWAY BEHAVIORAL HEALTHCARE HOSPITAL LLC 3247 S MARYLAND PARKWAY LAS VEGAS NV 89109 311518738 HOSPITAL NV 17986452 150827935 QCFI INC DESERT PARKWAY BEHAVIORAL HEALTHCARE HOSPITAL INC 3501 RICE BOULEVARD HOUSTON TX 77005 994701463 HOSPITAL NV 501(C)(3) LINE 3 QCF BEHAVIORAL HOSPITALS I LLC 1 MUNIFICENT FOUNDATION 3501 RICE BOULEVARD HOUSTON TX 77005 933622029 SUPPORTING ORGANIZATION DE 501(C)(3) LINE 12B, II N/A 0 MUNIFICENT BEHAVIORAL HOSPITALS I INC 3501 RICE BOULEVARD HOUSTON TX 77005 933644069 HOSPITAL DE 501(C)(3) LINE 3 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART II: MUNIFICENT FOUNDATION AND MUNIFICENT BEHAVIORAL HOSPITALS I, INC. OPERATE INDEPENDENTLY OF QCFI, INC. AND ITS SUBSIDIARIES. THE MUNIFICENT ENTITIES ARE REPORTED AS RELATED BECAUSE OF COMMON BOARD MEMBERS WHO OVERLAP BETWEEN THE TWO GROUPS BUT THEY DO NOT CONSIDER THEMSELVES RELATED OR INTERACT AS RELATED ORGANIZATIONS.