Overview
What is Mount Sinai Ambulatory Ventures Inc?
Mount Sinai Ambulatory Ventures Inc, based in New York City, is a nonprofit organization that engages in various joint ventures to operate free-standing ambulatory care facilities. Its primary mission is to manage and administer diagnostic and treatment centers throughout the New York metropolitan area. The organization also invests in new, existing, and startup healthcare businesses focused on population health management, with an emphasis on improving care quality, reducing costs, and expanding access to services for historically underserved populations.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79% (Three-Star out of Four Star rating)
Mount Sinai Ambulatory Ventures Inc has received a score of 79%, resulting in a solid Three-Star rating. This rating reflects a strong emphasis on Accountability & Finance, with the entire score derived from this single beacon. The organization demonstrates robust financial practices, as evidenced by their perfect scores in key areas such as audit oversight, conflict of interest policies, and asset management.
The nonprofit's financial health is notable, with a liabilities-to-assets ratio of 0.00%, indicating a solid financial foundation and stability. Furthermore, the organization's commitment to transparency is highlighted by its comprehensive policies on whistleblower protections and document retention. Such practices contribute positively to the organization's accountability and overall trustworthiness.
However, while the charity showcases strong financial governance, it is important for potential donors and supporters to consider how these financial ratings translate into programmatic impact. The focus on financial metrics alone may not provide a complete picture of the charity's effectiveness in achieving its mission and serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Sinai Ambulatory Ventures Inc legitimate?
Mount Sinai Ambulatory Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Sinai Ambulatory Ventures Inc 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: $0
For more financial information, click here
What is the mission statement of Mount Sinai Ambulatory Ventures Inc?
Mount Sinai Ambulatory Ventures Inc's mission is to invest in new, existing, and startup healthcare businesses that focus on population health management. The organization evaluates these opportunities based on their potential to enhance the quality of care, reduce the cost of delivering medical services, and expand and enhance access to healthcare services for historically underserved populations who have been denied such equality.
Who is the CEO of Mount Sinai Ambulatory Ventures Inc?
Michael Pastier is the Trustee/Treasurer of Mount Sinai Ambulatory Ventures Inc.
What is the revenue of Mount Sinai Ambulatory Ventures Inc?
Mount Sinai Ambulatory Ventures Inc's revenue in 2022 was $3,511,541.
Who are the executives of Mount Sinai Ambulatory Ventures Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $1,431,552
- Other: $81,070
- Compensation: $0
- Related: $1,273,624
- Other: $41,879
- Compensation: $0
- Related: $1,230,747
- Other: $54,265
- Compensation: $0
- Related: $812,074
- Other: $64,614
- Compensation: $0
- Related: $719,792
- Other: $41,668
- Compensation: $0
- Related: $541,863
- Other: $56,133
- Compensation: $0
- Related: $419,533
- Other: $34,250
Where can I find the form 990 for Mount Sinai Ambulatory Ventures Inc?
Mount Sinai Ambulatory Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mount Sinai Ambulatory Ventures Inc
Mount Sinai Ambulatory Ventures Inc, with a mission-driven approach, aims to invest in new, existing, and emerging healthcare businesses. The organization focuses on population health management as its primary goal. By assessing opportunities based on three key criteria, Mount Sinai Ambulatory Ventures Inc strives to improve the quality of care, reduce the cost of delivering medical services, and expand and enhance the access to healthcare services for historically underserved populations. This mission is geared towards ensuring that there is equity in healthcare delivery for all, ultimately aiming to drive positive changes in the healthcare sector.
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Impact
October, 2024
Mount Sinai Ambulatory Ventures Inc plays a significant role in enhancing healthcare access and quality in the New York metro area. By operating and managing diagnostic and treatment centers, the organization addresses the urgent need for ambulatory care services. Its focus on population health management drives investments in both new and existing healthcare businesses, ensuring they meet critical criteria like improving care quality, reducing costs, and expanding service access.
The organization's commitment to supporting historically underserved populations highlights its impact on health equity. Through strategic joint ventures that operate free-standing ambulatory care facilities, Mount Sinai Ambulatory Ventures Inc not only enhances the availability of medical services but also aims to elevate the standards of care delivered to communities in need. Overall, its initiatives contribute to a more responsive and equitable healthcare landscape in the region.
This information is meant to be a general summary of Mount Sinai Ambulatory Ventures Inc. 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 2022.
- Program Service Revenue: $3,509,793
- Gross Receipts: $3,511,541
Assets and Liabilities:
- Total Assets: $61,586,938
- Total Liabilities: $4,882
- Net Assets: $61,582,056
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
JOINT VENTURE REVENUE
Revenue
$3,509,793
Organization Details
Founding Year
1995
Phone
(646) 605-4217Principal Officer
Michael Pastier
Main Address
150 EAST 42ND STREET, NEW YORK, NY, 10017
NTEE Category
Code: E20Z - Health
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