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Family Health Network Inc

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

EIN: 363985468 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Family Health Network Inc?

Family Health Network Inc, based in Chicago, Illinois, was a nonprofit organization that offered managed care services for the indigent, specifically in collaboration with the Illinois Medicaid Agency and Chicago inner-city safety net hospitals. Prior to undergoing court-ordered rehabilitation in March 2019, their mission was to ensure access to healthcare for the underprivileged population. Despite facing restructuring, the organization continued its process of winding up business affairs in 2022, with a planned final distribution to creditors in 2023.


Official website here: www.osdchi.com

Is Family Health Network Inc legitimate?

Family Health Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Health Network 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: $2,094
Professional Fundraising Fees: $0
Other Salaries and Wages: $64,833

For more financial information, click here


Official website here: www.osdchi.com

What is the mission statement of Family Health Network Inc?

Prior to undergoing rehabilitation in 2019, Family Health Network Inc's mission was to manage healthcare services for indigent individuals under Illinois Medicaid and support inner-city safety net hospitals in Chicago. Their primary role was to facilitate care for the underprivileged and provide support to these hospitals. However, following a court order in March 2019, the organization entered a rehabilitation process. Recently, Family Health Network Inc has been in the process of winding up its business affairs, with plans for a final creditors' distribution in 2023. Despite these changes, their initial mission focused on providing essential healthcare services and support to the vulnerable population.


Official website here: www.osdchi.com

Who is the CEO of Family Health Network Inc?

Jacob Stuckey is the Director Of Receivership Operations of Family Health Network Inc.


Official website here: www.osdchi.com

What is the revenue of Family Health Network Inc?

Family Health Network Inc's revenue in 2022 was $32,700.


Official website here: www.osdchi.com

Who are the executives of Family Health Network Inc and what are their salaries?


Here are 3 key members and their salaries:


Kevin Baldwin (Director Of Receivership Operations)
  • Compensation: $0
  • Related: $1,033
  • Other: $0
Michael Cosentino (Chief Reinsurance And Technology Officer)
  • Compensation: $0
  • Related: $609
  • Other: $0
Jacob Stuckey (Special Deputy Receiver)
  • Compensation: $0
  • Related: $452
  • Other: $0


Official website here: www.osdchi.com

Where can I find the form 990 for Family Health Network Inc?

Family Health Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.osdchi.com

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

Mission Statement of Family Health Network Inc

Family Health Network, Inc., prior to its rehabilitation ordered by the Circuit Court of Cook County, Illinois on March 8, 2019, had a mission to provide managed care services for the indigent population with the Illinois Medicaid Agency. This organization also supported Chicago's inner-city safety net hospitals. Their primary role was to facilitate access to healthcare services for individuals who were financially disadvantaged, ensuring they received necessary medical care.

In simpler terms, Family Health Network, Inc. served as a bridge between the Illinois Medicaid Agency and Chicago's underprivileged hospitals. Their objective was to ensure that indigent patients received appropriate managed care services, thereby improving their overall health and well-being. This mission was instrumental in supporting the city's safety net hospitals, enabling them to cater to a segment of the population that often struggles to access quality healthcare services.

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Impact




October, 2024

Family Health Network Inc played a crucial role in providing managed care services for indigent populations in Chicago, collaborating closely with the Illinois Medicaid Agency. Their efforts were focused on ensuring that underserved communities had access to necessary healthcare services, particularly within inner-city safety net hospitals. By facilitating these essential services, FHN aimed to improve health outcomes for vulnerable populations who otherwise might have faced barriers to receiving care.

However, the organization faced challenges that led to a court-ordered rehabilitation in 2019, which significantly impacted its operations. Despite these difficulties, FHN continued to work on winding up its business affairs and planned for a final distribution to creditors in 2023. The legacy of Family Health Network Inc highlights the importance of providing healthcare access to those in need and the challenges that can arise in sustaining such vital services.




This information is meant to be a general summary of Family Health Network 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.

Revenue
$32,700 (2022)
Expenses
$313,108 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $32,650
  • Gross Receipts: $892,828

Assets and Liabilities:

  • Total Assets: $15,017,194
  • Total Liabilities: $50,386,065
  • Net Assets: -$35,368,871

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Organization Details

Founding Year

1994

Principal Officer

Jacob Stuckey

Main Address

222 MERCHANDISE MART PLZ STE 960, CHICAGO, IL, 60654

NTEE Category

Code: E31 - Health

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