Mountains Community Hospital Financing Corporation

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

EIN: 330308932 ✦ Lake arrowhead, CA ✦ Designated as a 501(c)(4)

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Overview

What is Mountains Community Hospital Financing Corporation?

Mountains Community Hospital Financing Corporation is a nonprofit organization established with a mission to facilitate financial transactions for the San Bernardino Mountains Community Hospital. Specifically, they execute and assign the proceeds from tax-exempt bonds to advance refund older bonds and fund the acquisition of necessary medical equipment for the hospital. This corporation operates in Lake Arrowhead, California.


Official website here: www.mchcares.com

Is Mountains Community Hospital Financing Corporation legitimate?

Mountains Community Hospital Financing Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Mountains Community Hospital Financing 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.mchcares.com

What is the mission statement of Mountains Community Hospital Financing Corporation?

Mountains Community Hospital Financing Corporation is established with the purpose of executing and assigning the proceeds from tax-exempt bonds in conjunction with the San Bernardino Mountains Community Hospital. Its primary mission is to facilitate the issuance of bonds to refund previous bonds and procure necessary equipment for the hospital district. This corporation plays a crucial role in supporting the financial needs of the San Bernardino Mountains Community Hospital.


Official website here: www.mchcares.com

Who is the CEO of Mountains Community Hospital Financing Corporation?

Yvonne Waggener is the President of Mountains Community Hospital Financing Corporation.


Official website here: www.mchcares.com

What is the revenue of Mountains Community Hospital Financing Corporation?

Mountains Community Hospital Financing Corporation's revenue in 2022 was $367,772.


Official website here: www.mchcares.com

Who are the executives of Mountains Community Hospital Financing Corporation and what are their salaries?

There 5 volunteers at Mountains Community Hospital Financing Corporation.


Here are 5 key members and their salaries:


Kieth Burkart (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Robinson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Moxley (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barrick Smart (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Hoy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mchcares.com

Where can I find the form 990 for Mountains Community Hospital Financing Corporation?

Mountains Community Hospital Financing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mchcares.com

Learn more at the official website: www.mchcares.com

Mission Statement of Mountains Community Hospital Financing Corporation

Mountains Community Hospital Financing Corporation is established with a specific purpose: to facilitate and assign the proceeds from tax-exempt bonds in conjunction with the San Bernardino Mountains Community Hospital. This corporation's mission is primarily centered around financially supporting the aforementioned hospital. In 2007, they issued Certificate of Participation (COP) bonds to refinance previous COPs and procure necessary equipment for the San Bernardino Mountains Community Hospital District. By executing these financial transactions, Mountains Community Hospital Financing Corporation contributes to the improvement and upkeep of the hospital, ensuring it can provide optimal healthcare services to its community.

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Impact




October, 2024

Mountains Community Hospital Financing Corporation plays a significant role in the financial sustainability and operational efficiency of the San Bernardino Mountains Community Hospital. By executing and assigning the proceeds of tax-exempt bonds, the corporation facilitates crucial funding for the hospital's needs.

In 2007, the organization issued Certificate of Participation (COP) bonds to advance refund previous debt incurred in 1998, which helps manage the hospital's financial obligations more effectively. This strategic financial maneuver not only improves liquidity but also allows for the procurement of essential medical equipment, enhancing the hospital's ability to provide quality healthcare services to the community.

Located in Lake Arrowhead, California, the corporation's work directly supports the mission of the San Bernardino Mountains Community Hospital District, ensuring that residents in the area have access to necessary medical services while fostering the overall health and well-being of the community.




This information is meant to be a general summary of Mountains Community Hospital Financing 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
$367,772 (2022)
Expenses
$367,772 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $367,772
  • Gross Receipts: $367,772

Assets and Liabilities:

  • Total Assets: $6,245,000
  • Total Liabilities: $6,245,000
  • Net Assets: $0

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Organization Details

Founding Year

1991

Principal Officer

Yvonne Waggener

Main Address

PO BOX 70, LAKE ARROWHEAD, CA, 923520070

NTEE Category

Code: E11 - Health

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