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National Healthcare Research & Education Finance Corporation

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

EIN: 311707979 ✦ Arlington, TX ✦ Designated as a 501(c)(3)

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Overview

What is National Healthcare Research & Education Finance Corporation?

National Healthcare Research & Education Finance Corporation is a nonprofit organization located in Arlington, Texas. Its primary mission is to support charitable and educational purposes of hospitals, academic medical centers, and medical research organizations. By offering low-cost financing for facilities and infrastructure, this corporation aims to minimize public costs for healthcare usage, thereby improving the overall quality of healthcare. It works with organizations such as National Jewish Health, which fall under Section 501(C) (3) of the Code. The corporation's activities are focused on providing financial support to these organizations, thus enhancing their capabilities in delivering healthcare services and conducting medical research.


Official website here: www.nhrefco.org

Is National Healthcare Research & Education Finance Corporation legitimate?

National Healthcare Research & Education Finance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Healthcare Research & Education Finance 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: $0

For more financial information, click here


Official website here: www.nhrefco.org

What is the mission statement of National Healthcare Research & Education Finance Corporation?

The National Healthcare Research & Education Finance Corporation is established to support the charitable and educational purposes of hospitals, academic medical centers, and medical research organizations. This is achieved by providing or facilitating low-cost financing for their facilities and infrastructure. The organization operates exclusively to serve these institutions, aiming to minimize the public's costs for healthcare utilization while improving its quality. Additionally, the corporation is authorized to own, operate, and lease non-profit healthcare facilities, further contributing to the affordable provision of healthcare services.


Official website here: www.nhrefco.org

Who is the CEO of National Healthcare Research & Education Finance Corporation?

Monty Humble is the Director, Vp of National Healthcare Research & Education Finance Corporation.


Official website here: www.nhrefco.org

What is the revenue of National Healthcare Research & Education Finance Corporation?

National Healthcare Research & Education Finance Corporation's revenue in 2022 was $4,283,722.


Official website here: www.nhrefco.org

Who are the executives of National Healthcare Research & Education Finance Corporation and what are their salaries?

There 6 volunteers at National Healthcare Research & Education Finance Corporation.


Here are 6 key members and their salaries:


Lee Edward Anderson (Director, Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Feuerstein (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monty Humble (President, C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Stone (Director, Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Wilkinson (Director, Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Wambsganss (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nhrefco.org

Where can I find the form 990 for National Healthcare Research & Education Finance Corporation?

National Healthcare Research & Education Finance Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nhrefco.org

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

Mission Statement of National Healthcare Research & Education Finance Corporation

National Healthcare Research & Education Finance Corporation, as outlined in its bylaws, exists with a mission to support the charitable and educational purposes of hospitals, academic medical centers, and medical research organizations. Specifically, it accomplishes this by providing or facilitating low-cost financing for the construction and maintenance of their facilities and infrastructure. This organization, which includes institutions like National Jewish Health, operates with the goal of improving the quality of healthcare by minimizing the costs associated with the use of healthcare facilities. Furthermore, National Healthcare Research & Education Finance Corporation may also own, operate, and lease nonprofit healthcare facilities as lessor or lessee, aiming to enhance the overall accessibility and affordability of healthcare services.

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Impact




October, 2024

National Healthcare Research & Education Finance Corporation plays a vital role in enhancing the capabilities of hospitals, academic medical centers, and medical research organizations. By providing or facilitating low-cost financing for facilities and infrastructure, it helps these entities improve their operations and expand their services. This financial support is crucial for advancing healthcare education and research, thus benefiting patient care and community health outcomes.

Additionally, the organization minimizes costs associated with the use of healthcare facilities, making quality healthcare more accessible to the public. Its mission to support charitable and educational purposes directly translates into improved healthcare delivery, research advancement, and a stronger healthcare system overall. Through its efforts, it fosters a more effective healthcare environment that prioritizes innovation, efficiency, and public benefit.




This information is meant to be a general summary of National Healthcare Research & Education Finance 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.

Revenue
$4,283,722 (2022)
Expenses
$4,333,037 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $28,959
  • Program Service Revenue: $4,229,763
  • Gross Receipts: $4,283,722

Assets and Liabilities:

  • Total Assets: $74,800,105
  • Total Liabilities: $78,925,668
  • Net Assets: -$4,125,563

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Programs

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

LEASE REVENUE

Revenue

$4,229,763

Organization Details

Founding Year

2000

Principal Officer

Monty Humble

Main Address

4381 W GREEN OAKS BLVD SUITE 200, ARLINGTON, TX, 76016

NTEE Category

Code: E20 - Health

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