Overview
What is Halifax Regional Development Foundation Inc?
The Halifax Regional Development Foundation Inc, located in Virginia Beach, Virginia, is a charitable organization primarily focused on promoting community health and welfare. Their mission involves developing fundraising efforts and enhancing community support for Halifax Regional Hospital. The foundation manages investments for the hospital's endowment funds and oversees an educational assistance program for affiliated groups. Their work is dedicated to improving health and wellbeing in the community.
Official website here: www.sentara.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The Halifax Regional Development Foundation Inc has achieved a score of 77%, which reflects a solid level of organizational transparency and financial health. This rating indicates that the foundation operates with a focus on accountability, with a particularly high program expense ratio of 97.24%, suggesting that the majority of funds are directed towards its mission rather than administrative costs.
However, the organization has notable areas for improvement, particularly in board governance. The foundation scored zero points for both the majority of independent board members and the independent board size, which raises concerns about potential conflicts of interest and the effectiveness of oversight. Despite these governance challenges, the organization maintains strong policies, such as a robust conflict of interest policy and whistleblower protections.
Overall, while Halifax Regional Development Foundation Inc demonstrates a commitment to effective program spending and compliance with key financial policies, addressing governance issues will be crucial for enhancing its credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Halifax Regional Development Foundation Inc legitimate?
Halifax Regional Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Halifax Regional Development Foundation 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
Official website here: www.sentara.com
What is the mission statement of Halifax Regional Development Foundation Inc?
The Halifax Regional Development Foundation Inc is organized with the primary objective of promoting community health and developing fundraising and support for a regional hospital. Its mission is to promote the general well-being of the community and work towards enhancing fundraising efforts and improving community support for the hospital. The foundation is responsible for administering gifts, grants, and contributions for the hospital, as well as offering charitable, educational, or scientific services. Additionally, it manages the hospital's endowment funds and the educational assistance program of its affiliated groups.
Official website here: www.sentara.com
Who is the CEO of Halifax Regional Development Foundation Inc?
Brian K Zwoyer is the Director/President/Secretary of Halifax Regional Development Foundation Inc.
Official website here: www.sentara.com
What is the revenue of Halifax Regional Development Foundation Inc?
Halifax Regional Development Foundation Inc's revenue in 2022 was $75,684.
Official website here: www.sentara.com
Who are the executives of Halifax Regional Development Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $1,438,011
- Other: -$357,900
- Compensation: $0
- Related: $429,339
- Other: $65,946
- Compensation: $0
- Related: $40,000
- Other: $0
- Compensation: $0
- Related: $985,869
- Other: $123,015
- Compensation: $0
- Related: $3,479,384
- Other: -$40,215
- Compensation: $0
- Related: $2,401,429
- Other: -$86,268
Official website here: www.sentara.com
Where can I find the form 990 for Halifax Regional Development Foundation Inc?
Halifax Regional Development Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sentara.com
Learn more at the official website: www.sentara.com
Mission Statement of Halifax Regional Development Foundation Inc
Halifax Regional Development Foundation Inc, as an organization, is dedicated to promoting community health and supporting Halifax Regional Hospital through fundraising efforts and enhancing community support. The foundation's mission is multifaceted, aiming to foster the general well-being of the community. It takes on the responsibility of developing fundraising strategies and improving community support for Sentara Halifax Regional Hospital, Inc. The foundation manages gifts, grants, and contributions for the hospital and provides other charitable, educational, or scientific services. Additionally, it oversees the investment of Sentara Halifax Regional Hospital, Inc's endowment funds and manages the educational assistance program for its affiliated groups. The foundation's role is instrumental in supporting the hospital and contributing to the betterment of the community's health.
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Impact
October, 2024
Halifax Regional Development Foundation Inc significantly enhances community health and well-being by spearheading initiatives that support and elevate the Halifax Regional Hospital. Through dedicated fundraising efforts, the foundation secures vital resources that directly benefit hospital services and patient care, allowing for improved healthcare access and quality for the surrounding population.
The organization plays a crucial role in managing contributions, gifts, and grants that bolster the hospital's infrastructure and healthcare programs. This includes administering educational assistance for healthcare professionals and funding projects that drive community health initiatives. By overseeing the investment of endowment funds, the foundation ensures sustainable support for the hospital's long-term operational needs.
In essence, Halifax Regional Development Foundation Inc serves as a key connector between the community and healthcare resources, fostering a culture of support and engagement that leads to enhanced health outcomes and a stronger healthcare system for the residents of Virginia Beach and beyond.
This information is meant to be a general summary of Halifax Regional Development Foundation 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.
- Investment Income: $14,860
- Gross Receipts: $75,684
Assets and Liabilities:
- Total Assets: $2,080,327
- Total Liabilities: $177,682
- Net Assets: $1,902,645
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Organization Details
Founding Year
1996
Phone
(434) 517-3183Principal Officer
Brian K Zwoyer
Main Address
1300 SENTARA PARK, VIRGINIA BEACH, VA, 23464
Website
www.sentara.comNTEE Category
Code: X00Z - Religion related
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