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Vital Healthcare Capital

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 454014553 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Vital Healthcare Capital?

Vital Healthcare Capital, established in Washington D.C., serves as a Community Development Financial Institution (CDFI). Their mission is to support and promote quality healthcare services and jobs in low-income and historically disadvantaged communities. They achieve this goal through advantageous financing, strong community partnerships, and advocacy for health access and equity. Vital Healthcare Capital finances various community-based healthcare organizations, such as community health centers, behavioral health providers, and integrated or specialty care providers, which significantly impact community health. The organization has a dedicated workforce of eight individuals, working tirelessly to foster a healthier community.


Official website here: www.vitalcap.org

Is Vital Healthcare Capital legitimate?

Vital Healthcare Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vital Healthcare Capital submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $238,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $266,473

For more financial information, click here


Official website here: www.vitalcap.org

What is the mission statement of Vital Healthcare Capital?

Vital Healthcare Capital, established as a Community Development Financial Institution (CDFI), is committed to enhancing quality healthcare and creating job opportunities in low-income and historically disadvantaged communities. They achieve this goal through strategic financing, robust community partnerships, and advocacy for health equity and access. Vital Healthcare Capital finances various community-based healthcare organizations, such as community health centers, behavioral health providers, and integrated or specialized care providers, among others, significantly impacting community health. Their mission is to provide flexible financing and development services, aiming to catalyze quality healthcare and good healthcare jobs in underserved communities.


Official website here: www.vitalcap.org

Who is the CEO of Vital Healthcare Capital?

Steven Weingarten is the Principal Officer of Vital Healthcare Capital. The CEO's salary of Vital Healthcare Capital is $198,950 and their total compensation is $226,173.


Official website here: www.vitalcap.org

What is the revenue of Vital Healthcare Capital?

Vital Healthcare Capital's revenue in 2022 was $2,358,119.


Official website here: www.vitalcap.org

Who are the executives of Vital Healthcare Capital and what are their salaries?

The average compensation at Vital Healthcare Capital during 2022 was $63,175. There are 8 employees and 8 volunteers at Vital Healthcare Capital.

Here are 12 key members and their salaries (Vital Healthcare Capital's CEO's salary is $198,950 and their total compensation is $226,173):

    Steve Weingarten (Chief Executive Officer)
  • Compensation: $198,950
  • Related: $0
  • Other: $27,223

    • Jill Scovanner (Director Of Health Invest.)
  • Compensation: $121,931
  • Related: $0
  • Other: $40,072

    • Kenneth Gruber (Chief Financial Officer (Outgoing))
  • Compensation: $12,150
  • Related: $0
  • Other: $607

    • Abbey Nyamekye (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cindy Willard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deborah Bachrach (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frances Padilla (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Howard Rifkin (Chairman Of The Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Louis Giraudo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martin Eakes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Chabolla (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mathew Rubin (Contracted Chief Fin. Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.vitalcap.org

    Where can I find the form 990 for Vital Healthcare Capital?

    The Vital Healthcare Capital’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.vitalcap.org

    Learn more at the official website: www.vitalcap.org

    Mission Statement of Vital Healthcare Capital

    Vital Healthcare Capital, or V-CAP, was established with a mission to support quality healthcare and create healthcare jobs in low-income and historically disadvantaged communities. This community development financial institution (CDFI) achieves this goal through advantageous financing, strong community partnerships, and advocacy for health access and equity. V-CAP finances various community-based healthcare organizations, including community health centers, behavioral health providers, integrated or specialized care providers, and projects significantly impacting community health. The organization's primary objective is to provide flexible financing and targeted development services, catalyzing quality healthcare jobs and improving health outcomes in underserved communities.

    Impact

    This information is meant to be a general summary of Vital Healthcare Capital. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Vital Healthcare Capital's impact is felt in low-income and historically disadvantaged communities across the country. By providing advantageous financing to community-based healthcare organizations such as community health centers, behavioral health providers, and providers of integrated or specialty care, Vital Healthcare Capital plays a vital role in improving community health outcomes. Through strong community partnerships and advocacy for health access and equity, Vital Healthcare Capital is instrumental in supporting the growth of quality care and creating good healthcare jobs in underserved areas. Its mission to catalyze positive change in healthcare for those most in need is evident in the tangible improvements seen in the communities it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,195
  • Program Service Revenue: $435,155
  • Gross Receipts: $2,358,119

    • Assets and Liabilities:
  • Total Assets: $23,224,054
  • Total Liabilities: $5,637,656
  • Net Assets: $17,586,398
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN INTEREST INCOME

    Revenue

    $416,929

    LOAN TRANSACTION FEES

    Revenue

    $18,226

    Organization Details

    Founding Year

    2011

    Principal Officer

    Steven Weingarten

    Main Address

    85 BROAD STREET 18TH FLOOR, NEW YORK, NY, 10004

    NTEE Category

    Code: E99 - Health

    If you are a representative of Vital Healthcare Capital and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.