Overview
What is Vb Medical Holdings?
Vb Medical Holdings is a nonprofit organization situated in Harlingen, Texas, with an address at 1267 North Stuart Place Road. The organization's primary objective is to enhance the health of its community by preserving the funds generated from the sale of a healthcare system, in accordance with contractual agreements. In the 2014 tax year, Vb Medical Holdings sold its 49% stake in a joint venture operating two hospitals and various healthcare services. Currently, the organization is in the process of winding down its operations. Originally, Vb Medical Holdings was a faith-based regional healthcare system focused on delivering high-quality healthcare and medical education throughout South Texas.
Is Vb Medical Holdings legitimate?
Vb Medical Holdings is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vb Medical Holdings 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
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What is the mission statement of Vb Medical Holdings?
Vb Medical Holdings, as a faith-based organization, is committed to enhancing the lives of the people it serves. Its primary focus is on delivering high-quality healthcare and medical education throughout South Texas. The organization strives to improve the health of its community by preserving the assets generated from its activities, adhering to contractual agreements. Vb Medical Holdings is currently in the process of winding down after selling its 49% interest in a joint venture operating hospitals and other healthcare services during the 2014 tax year.
Who is the CEO of Vb Medical Holdings?
Kimberly Anderson is the Secretary of Vb Medical Holdings.
What is the revenue of Vb Medical Holdings?
Vb Medical Holdings's revenue in 2022 was $0.
Who are the executives of Vb Medical Holdings and what are their salaries?
There 3 volunteers at Vb Medical Holdings.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Vb Medical Holdings?
Vb Medical Holdings's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vb Medical Holdings
Vb Medical Holdings, as a faith-based regional health system, is committed to enhancing the lives of the individuals it serves. This is achieved through the provision of top-notch healthcare services and medical education. The organization's primary goal is to improve the overall health of the community. After selling its stake in a joint venture that operated hospitals and other healthcare services during the 2014 tax year, Vb Medical Holdings has been in the process of winding down. However, the proceeds from the sale are being used in accordance with contractual provisions, furthering the organization's mission to better the health of the community.
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Impact
October, 2024
Vb Medical Holdings has significantly impacted the healthcare landscape in South Texas through its efforts to improve community health. By prioritizing high-quality healthcare and medical education, the organization has aimed to enhance the overall well-being of the populations it serves. The sale of its 49% interest in a joint venture operating two hospitals and other healthcare services during the 2014 tax year allowed Vb Medical Holdings to preserve valuable assets. These assets are now utilized in alignment with its mission to ensure ongoing improvements to community health.
The focus on faith-based principles in their approach underscores a commitment to not only treating illnesses but also supporting the holistic health of individuals, fostering a healthier community in the region. The organization's legacy and continued efforts serve as a cornerstone for enhancing healthcare access and education, ultimately striving to enrich the lives of South Texas residents.
This information is meant to be a general summary of Vb Medical Holdings. 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.
Assets and Liabilities:
- Total Assets: $3,747
- Total Liabilities: $1,549,444
- Net Assets: -$1,545,697
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Organization Details
Founding Year
2004
Phone
(956) 335-3044Principal Officer
Kimberly Anderson
Main Address
1267 North Stuart Place Road, Harlingen, TX, 78552
NTEE Category
Code: E20 - Health
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