Overview
What is Riverwood Medical Properties Llc?
Riverwood Medical Properties Llc is a nonprofit organization with a mission to support charitable, educational, and scientific purposes, as per the Internal Revenue Code. Specifically, they aim to finance the renovation and expansion of Aitkin Community Hospital, a tax-exempt public charity located in Aitkin, Minnesota. The hospital offers various healthcare services, including surgical, radiology, chemo, birthing suites, cardiopulmonary rehab, and a rehabilitation center. The renovation project involves expanding the existing 25-bed critical access hospital and clinic, adding exam rooms, medical team meeting spaces, rehabilitation areas, and doctor offices for specific specialties. Additionally, the project includes renovating a nine-chair kidney dialysis unit and an isolation unit. The objective is to improve and expand healthcare services for the surrounding rural community.
Is Riverwood Medical Properties Llc legitimate?
Riverwood Medical Properties Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverwood Medical Properties Llc 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 Riverwood Medical Properties Llc?
Riverwood Medical Properties LLC is committed to supporting charitable, educational, and scientific purposes, as outlined in Section 501(C)(3) of the Internal Revenue Code. Specifically, the company aims to finance the renovation and expansion of a tax-exempt hospital. The hospital in question, known as Aitkin Community Hospital, offers a range of healthcare services including surgical, radiology, chemotherapy, and obstetrics and gynecology. The rehabilitation project, funded by Riverwood, will involve renovating and expanding existing facilities, equipping them with additional examination rooms, medical team meeting spaces, rehabilitation areas, and offices for various specialties. The project also includes the renovation of a nine-chair kidney dialysis unit and an isolation unit. This renovation will enable the hospital to provide expanded and improved care to its rural community.
What is the revenue of Riverwood Medical Properties Llc?
Riverwood Medical Properties Llc's revenue in 2023 was $126,000.
Who are the executives of Riverwood Medical Properties Llc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $216,793
- Other: $44,562
Where can I find the form 990 for Riverwood Medical Properties Llc?
Riverwood Medical Properties Llc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Riverwood Medical Properties Llc
Riverwood Medical Properties LLC, a nonprofit organization, is dedicated to supporting charitable, educational, and scientific purposes. Their primary mission involves aiding in the renovation and expansion of a tax-exempt hospital, specifically Aitkin Community Hospital, which is also known as the Riverwood Healthcare Center. The hospital offers various healthcare services, including surgical services, radiology, chemo services, birthing suites, cardiopulmonary rehab, and a rehabilitation center. The clinic area provides a wide range of diagnostic and treatment services, along with specialty clinic services.
Riverwood Medical Properties LLC is set to finance the renovation and expansion of the Aitkin Hospital, with the project encompassing renovating, expanding, and equipping the existing 25-bed critical access hospital and clinic. This expansion will include adding more examination rooms, medical team meeting spaces, rehabilitation spaces, and doctor offices for specialties such as nephrology, orthopedics, cardiology, dermatology, obstetrics and gynecology. Furthermore, the project will include the renovation of a nine-chair kidney dialysis unit and an isolation unit. By renovating the Aitkin Hospital, Riverwood Medical Properties LLC aims to enhance and improve healthcare services for the surrounding rural community.
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Impact
October, 2024
Riverwood Medical Properties LLC plays a critical role in enhancing healthcare access and services for the rural community surrounding Aitkin, Minnesota. By financing the renovation and expansion of the Aitkin Community Hospital, also known as the Riverwood Healthcare Center, Riverwood is directly contributing to improved medical facilities that cater to a variety of specialized healthcare needs.
The expansion will include the addition of exam rooms, medical team meeting spaces, rehabilitation areas, and specialized offices in nephrology, orthopedics, cardiology, dermatology, obstetrics, and gynecology. Furthermore, the renovation of the nine-chair kidney dialysis unit and the isolation unit will ensure that patients receive focused and effective care across various medical domains.
This project not only modernizes the infrastructure of the hospital but also significantly enhances the quality of care available to the community. By addressing existing gaps in service and upgrading facilities to meet contemporary medical standards, Riverwood Medical Properties LLC is instrumental in fostering better health outcomes, increasing patient satisfaction, and ultimately supporting the overall well-being of the population it serves.
This information is meant to be a general summary of Riverwood Medical Properties Llc. 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 2023.
- Program Service Revenue: $126,000
- Gross Receipts: $126,000
Assets and Liabilities:
- Total Assets: $4,605,260
- Total Liabilities: $6,126,133
- Net Assets: -$1,520,873
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$126,000
Organization Details
Founding Year
2017
Principal Officer
Casey Johnson
NTEE Category
Code: E02 - Health
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