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Lancaster Patient Care Center

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

EIN: 832130386 ✦ Lancaster, NH ✦ Designated as a 501(c)(3)

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Overview

What is Lancaster Patient Care Center?

Lancaster Patient Care Center (LPCC) is a supporting organization established to facilitate the construction of a new Physician Office Building for Weeks Medical Center. Located at 173 Middle Street, Lancaster, NH 03584, LPCC obtained financing for the project through a New Market Tax Credit structure in 2018. The financing arrangement will persist for at least seven years, as per New Market Tax Credit regulations. Weeks Medical Center began leasing the space from LPCC in December 2019, with the project completed in fiscal year 2020. LPCC operates exclusively for the benefit of Weeks Medical Center, supporting its charitable and educational purposes.


Official website here: www.weeksmedical.org

Is Lancaster Patient Care Center legitimate?

Lancaster Patient Care Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lancaster Patient Care Center 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.weeksmedical.org

What is the mission statement of Lancaster Patient Care Center?

The Lancaster Patient Care Center, as a supporting organization of Weeks Medical Center, operates with a mission to primarily benefit the medical center. This mission aligns with the charitable and educational purposes outlined in Section 501(c)(3) of the Internal Revenue Code, aiming to contribute to Weeks Medical Center's overall objectives. The Corporation's operations are exclusively meant to support Weeks Medical Center, furthering its mission and goals.


Official website here: www.weeksmedical.org

Who is the CEO of Lancaster Patient Care Center?

Michael D Lee is the Chair of Lancaster Patient Care Center. The CEO's salary of Lancaster Patient Care Center is $0 and their total compensation is $716,889.


Official website here: www.weeksmedical.org

What is the revenue of Lancaster Patient Care Center?

Lancaster Patient Care Center's revenue in 2022 was $179,000.


Official website here: www.weeksmedical.org

Who are the executives of Lancaster Patient Care Center and what are their salaries?

There 5 volunteers at Lancaster Patient Care Center.


Here are 7 key members and their salaries (Lancaster Patient Care Center's CEO's salary is $0 and their total compensation is $716,889):


Michael D Lee (Chair)
  • Compensation: $0
  • Related: $385,111
  • Other: $21,103
Lisa Tetreault (Secretary)
  • Compensation: $0
  • Related: $80,796
  • Other: $15,550
David Hill (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Desrochers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Freeman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Mee (System Ceo)
  • Compensation: $0
  • Related: $677,301
  • Other: $39,588
Matthew Streeter (System Cfo)
  • Compensation: $0
  • Related: $167,304
  • Other: $26,546


Official website here: www.weeksmedical.org

Where can I find the form 990 for Lancaster Patient Care Center?

Lancaster Patient Care Center's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.weeksmedical.org

Learn more at the official website: www.weeksmedical.org

Mission Statement of Lancaster Patient Care Center

The Lancaster Patient Care Center, as a supporting organization, is primarily dedicated to serving the needs of Weeks Medical Center. This mission is aligned with charitable and educational purposes, falling under Section 501(c)(3) of the Internal Revenue Code. The Center's operations are exclusively for the benefit of Weeks Medical Center, contributing to its overall goals and objectives. The Corporation, as Lancaster Patient Care Center is officially known, operates in a manner that furthers the charitable and educational objectives of Weeks Medical Center, ensuring that it operates within the guidelines set by the Internal Revenue Code.

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Impact




October, 2024

Lancaster Patient Care Center plays a crucial role in enhancing healthcare access and quality in the Lancaster area. By facilitating the financing for a state-of-the-art 45,310 square-foot Physician Office Building, the Center has directly supported the expansion of services provided by Weeks Medical Center. The financing through the New Market Tax Credit structure has enabled essential improvements to the local healthcare infrastructure, contributing to a more robust medical environment for residents.

Since its completion in fiscal year 2020, the facility has allowed Weeks Medical Center to lease and operate from this modern space, enhancing patient care accessibility and providing a conducive environment for healthcare providers. This strategic investment not only bolsters the operational capacity of Weeks Medical Center but also reinforces the commitment to improving community health outcomes in Lancaster, NH, by ensuring that quality medical services are readily available to those who need them.




This information is meant to be a general summary of Lancaster Patient Care Center. 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
$179,000 (2022)
2019202020212022$0$45,000$90,000$135k$180k
Expenses
$593,313 (2022)
2019202020212022$0$150k$300k$450k$600k
Efficiency
20192020202120220%0.2%0.4%0.6%0.8%1%

Other financial information:

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

  • Program Service Revenue: $179,000
  • Gross Receipts: $179,000

Assets and Liabilities:

  • Total Assets: $12,705,161
  • Total Liabilities: $13,285,415
  • Net Assets: -$580,254

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rental Income

Revenue

$179,000

Organization Details

Founding Year

2018

Principal Officer

Michael D Lee

Main Address

173 Middle Street, Lancaster, NH, 03584

NTEE Category

Code: E12 - Health

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