Overview
What is Community Healthcare Network Foundation Inc?
Community Healthcare Network Foundation Inc, established in December 2019, is a nonprofit organization situated in New York, specifically at 60 Madison Avenue, New York, NY 10010. Their primary purpose is to facilitate borrowings related to a New Markets Tax Credit transaction, with the aim of funding the development and construction of a healthcare facility in Queens, New York. This initiative aims to enhance access to healthcare services in the community.
Is Community Healthcare Network Foundation Inc legitimate?
Community Healthcare Network Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Healthcare Network 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
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What is the mission statement of Community Healthcare Network Foundation Inc?
The Community Healthcare Network Foundation Inc., established under Section 501(C)(3) of the Internal Revenue Code on December 4, 2019, is primarily focused on facilitating borrowings related to a New Markets Tax Credit transaction. This initiative aims to finance the development and construction of a healthcare facility. The foundation's primary mission is to contribute to this financial endeavor, ultimately leading to the establishment of a new healthcare facility.
Who is the CEO of Community Healthcare Network Foundation Inc?
Robert Hayes is the President of Community Healthcare Network Foundation Inc.
What is the revenue of Community Healthcare Network Foundation Inc?
Community Healthcare Network Foundation Inc's revenue in 2022 was $268,292.
Who are the executives of Community Healthcare Network Foundation Inc and what are their salaries?
There 2 volunteers at Community Healthcare Network Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $427,523
- Other: $43,139
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Community Healthcare Network Foundation Inc?
Community Healthcare Network Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Healthcare Network Foundation Inc
Community Healthcare Network Foundation, Inc. (CHNF) was established with a specific mission under Section 501(c)(3) of the Internal Revenue Code. Their primary objective is to facilitate borrowings related to a New Markets Tax Credit transaction. This initiative aims to finance the development and construction of a healthcare facility. By facilitating these borrowings, CHNF contributes to the expansion of healthcare services in various communities. The foundation's purpose is to support the development of a healthcare facility, which is an essential service for many individuals and families. By financing this project, CHNF plays a crucial role in improving access to healthcare, thereby contributing to overall community health and well-being.
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Impact
October, 2024
Community Healthcare Network Foundation Inc plays a pivotal role in enhancing access to healthcare in Queens, New York, by facilitating crucial financial transactions aimed at the development and construction of a healthcare facility. Through leveraging New Markets Tax Credit transactions, the foundation supports initiatives that address the pressing health needs of the community, ultimately leading to improved health outcomes and a stronger local healthcare infrastructure. By focusing on community improvement, the foundation not only champions the immediate healthcare needs but also fosters long-term enhancements in the quality of care available to residents. This strategic financial facilitation contributes significantly to building a sustainable, equitable healthcare environment that serves diverse populations in Queens.
This information is meant to be a general summary of Community Healthcare Network 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: $268,292
- Gross Receipts: $268,292
Assets and Liabilities:
- Total Assets: $22,525,908
- Total Liabilities: $21,987,100
- Net Assets: $538,808
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Organization Details
Founding Year
2019
Phone
(212) 545-2404Principal Officer
Robert Hayes
Main Address
60 MADISON AVENUE, NEW YORK, NY, 10010
NTEE Category
Code: S00 - Community improvement
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