Overview
What is The Boston Health Net Corporation?
The Boston Health Net Corporation is a nonprofit organization situated in Boston, Massachusetts, with the address 660 Harrison Avenue 3rd Floor, ZIP code 02118. Its mission is to advance the charitable and educational objectives of its member institutions and health centers. Specifically, the corporation oversees two BMC licensed member health center laboratories under one medical director, ensuring infection control management for an additional four BMC licensed member health centers.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Star rating
The Boston Health Net Corporation has received a two-star rating from Charity Navigator, indicating a need for improvement in various operational aspects. With a score of 71%, the organization demonstrates strong accountability and finance practices, particularly in areas such as independent board leadership and oversight of financial statements. However, significant concerns arise from missing policies such as a whistleblower and document retention policy, which could affect transparency and governance.
Furthermore, the organization showcases an impressive program expense ratio of 98.32%, suggesting that most of its expenditures are directed towards its programs rather than administrative costs. Despite this commitment to programmatic spending, the alarming liabilities to assets ratio of 120% raises questions about financial stability and long-term sustainability.
While the Boston Health Net Corporation has some solid foundations in governance, the lack of key policies and financial concerns highlight areas that require immediate attention to enhance its overall effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Boston Health Net Corporation legitimate?
The Boston Health Net Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Boston Health Net Corporation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $222,667
For more financial information, click here
What is the mission statement of The Boston Health Net Corporation?
The Boston Health Net Corporation functions to advance the charitable and educational objectives of its constituent institutions and health centers. Through this mission, the corporation aims to make a positive impact on the healthcare sector. Two of its member laboratories are overseen by a single medical director, ensuring effective and coordinated operations. Infection control management is also extended to four of the BMC licensed member health centers, contributing to enhanced safety and quality of care. By facilitating the missions of its member institutions, The Boston Health Net Corporation plays a vital role in promoting health and wellbeing in the community.
Who is the CEO of The Boston Health Net Corporation?
William Halpin Jr is the President of The Boston Health Net Corporation.
What is the revenue of The Boston Health Net Corporation?
The Boston Health Net Corporation's revenue in 2021 was $17,183,901.
Who are the executives of The Boston Health Net Corporation and what are their salaries?
Here are 15 key members and their salaries:
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- Related: $701,521
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- Related: $206,294
- Other: $0
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- Related: $901,450
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- Related: $297,815
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- Related: $276,000
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- Related: $389,934
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- Compensation: $0
- Related: $365,724
- Other: $0
- Compensation: $0
- Related: $256,349
- Other: $0
Where can I find the form 990 for The Boston Health Net Corporation?
The Boston Health Net Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of The Boston Health Net Corporation
The Boston Health Net Corporation, a notable nonprofit organization, is dedicated to advancing the charitable and educational missions of its member institutions and health centers. In essence, it serves as a catalyst for the noble work carried out by its affiliated entities.
This dynamic organization operates under the belief that collaboration and unity can lead to significant strides in healthcare and education. Two of its member laboratories fall under the singular guidance of one medical director, ensuring efficient and effective operations. Additionally, The Boston Health Net Corporation extends its reach by providing infection control management to four of its BMC licensed member health centers. By assuming this role, the organization contributes to creating a safer and healthier environment for patients and staff.
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Impact
October, 2024
The Boston Health Net Corporation significantly enhances healthcare accessibility and quality in Boston. By consolidating the operations of two BMC licensed member health center laboratories under a unified medical direction, it streamlines processes and improves efficiency in healthcare delivery. The organization also focuses on infection control management across four BMC licensed member health centers, promoting patient safety and reducing health risks.
Through its commitment to further the charitable and educational missions of its member institutions, The Boston Health Net plays a critical role in fostering collaboration among health centers, improving clinical outcomes, and ensuring that community health needs are met effectively. Its efforts contribute not only to immediate patient care but also to the ongoing education and training of healthcare professionals within its network, ultimately enhancing the overall health landscape in the region.
This information is meant to be a general summary of The Boston Health Net Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Program Service Revenue: $1,445,190
- Gross Receipts: $17,183,901
Assets and Liabilities:
- Total Assets: $1,391,448
- Total Liabilities: $1,669,869
- Net Assets: -$278,421
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENCY TRAINING INCOME
Revenue
$873,297
GRANT CONSULTING SERVICES
Revenue
$431,893
LABORATORY SERVICES
Revenue
$140,000
Organization Details
Founding Year
1995
Phone
(617) 638-0990Principal Officer
William Halpin Jr
Main Address
660 HARRISON AVENUE 3RD FLOOR, BOSTON, MA, 02118
NTEE Category
Code: E11 - Health
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