Overview
What is Vital Healthcare Capital?
Vital Healthcare Capital, established in Washington D.C., serves as a Community Development Financial Institution (CDFI). Their mission is to support and promote quality healthcare services and jobs in low-income and historically disadvantaged communities. They achieve this goal through advantageous financing, strong community partnerships, and advocacy for health access and equity. Vital Healthcare Capital finances various community-based healthcare organizations, such as community health centers, behavioral health providers, and integrated or specialty care providers, which significantly impact community health. The organization has a dedicated workforce of eight individuals, working tirelessly to foster a healthier community.
Official website here: www.vitalcap.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
Vital Healthcare Capital has achieved a high level of accountability and financial management, earning a Four-Star rating from Charity Navigator. This rating reflects a strong focus on financial practices, with an impressive Accountability & Finance Score of 96%. The organization operates with a fully independent board, demonstrating a commitment to good governance.
The nonprofit has received high marks for several key areas, including its conflict of interest policy and whistleblower policy, both of which are fully documented. Furthermore, it has a low liabilities to assets ratio of 24.27%, indicating effective financial health. The program expense ratio of 73.36% suggests that a significant portion of its resources is directed toward its programs, which adds to its credibility.
Overall, Vital Healthcare Capital showcases strong governance and financial responsibility. However, the summary does not provide insights into the organization’s programmatic impact or beneficiary feedback, leaving those aspects of its operations unassessed.
This AI summary has been generated from information found on Charity Navigator.
Is Vital Healthcare Capital legitimate?
Vital Healthcare Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vital Healthcare Capital 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: $238,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $266,473
For more financial information, click here
Official website here: www.vitalcap.org
What is the mission statement of Vital Healthcare Capital?
Vital Healthcare Capital, established as a Community Development Financial Institution (CDFI), is committed to enhancing quality healthcare and creating job opportunities in low-income and historically disadvantaged communities. They achieve this goal through strategic financing, robust community partnerships, and advocacy for health equity and access. Vital Healthcare Capital finances various community-based healthcare organizations, such as community health centers, behavioral health providers, and integrated or specialized care providers, among others, significantly impacting community health. Their mission is to provide flexible financing and development services, aiming to catalyze quality healthcare and good healthcare jobs in underserved communities.
Official website here: www.vitalcap.org
Who is the CEO of Vital Healthcare Capital?
Steven Weingarten is the Principal Officer of Vital Healthcare Capital. The CEO's salary of Vital Healthcare Capital is $198,950 and their total compensation is $226,173.
Official website here: www.vitalcap.org
What is the revenue of Vital Healthcare Capital?
Vital Healthcare Capital's revenue in 2022 was $2,358,119.
Official website here: www.vitalcap.org
Who are the executives of Vital Healthcare Capital and what are their salaries?
The average compensation at Vital Healthcare Capital during 2022 was $63,175. There are 8 employees and 8 volunteers at Vital Healthcare Capital.
Here are 12 key members and their salaries (Vital Healthcare Capital's CEO's salary is $198,950 and their total compensation is $226,173):
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- Compensation: $12,150
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- Other: $607
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- Compensation: $198,950
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- Other: $27,223
- Compensation: $121,931
- Related: $0
- Other: $40,072
Official website here: www.vitalcap.org
Where can I find the form 990 for Vital Healthcare Capital?
Vital Healthcare Capital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vitalcap.org
Learn more at the official website: www.vitalcap.org
Mission Statement of Vital Healthcare Capital
Vital Healthcare Capital, or V-CAP, was established with a mission to support quality healthcare and create healthcare jobs in low-income and historically disadvantaged communities. This community development financial institution (CDFI) achieves this goal through advantageous financing, strong community partnerships, and advocacy for health access and equity. V-CAP finances various community-based healthcare organizations, including community health centers, behavioral health providers, integrated or specialized care providers, and projects significantly impacting community health. The organization's primary objective is to provide flexible financing and targeted development services, catalyzing quality healthcare jobs and improving health outcomes in underserved communities.
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Impact
July, 2024
Vital Healthcare Capital's impact is felt in low-income and historically disadvantaged communities across the country. By providing advantageous financing to community-based healthcare organizations such as community health centers, behavioral health providers, and providers of integrated or specialty care, Vital Healthcare Capital plays a vital role in improving community health outcomes. Through strong community partnerships and advocacy for health access and equity, Vital Healthcare Capital is instrumental in supporting the growth of quality care and creating good healthcare jobs in underserved areas. Its mission to catalyze positive change in healthcare for those most in need is evident in the tangible improvements seen in the communities it serves.
This information is meant to be a general summary of Vital Healthcare Capital. 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.
- Investment Income: $7,195
- Program Service Revenue: $435,155
- Gross Receipts: $2,358,119
Assets and Liabilities:
- Total Assets: $23,224,054
- Total Liabilities: $5,637,656
- Net Assets: $17,586,398
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$416,929
LOAN TRANSACTION FEES
Revenue
$18,226
Organization Details
Founding Year
2011
Phone
(212) 586-2821Principal Officer
Steven Weingarten
Main Address
85 BROAD STREET 18TH FLOOR, NEW YORK, NY, 10004
Website
www.vitalcap.orgNTEE Category
Code: E99 - Health
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