Capital Region Health Care Development Corporation is located in Concord, NH. The organization was established in 1990. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Region Health Care Development Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 09/2021, Capital Region Health Care Development Corporation generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $4.2m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT RELATED 501(C)(3) ORGANIZATIONS WHICH PROVIDE MEDICAL CARE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTS CONCORD HOSPITAL, CONCORD HOSPITAL-LACONIA, CONCORD HOSPITAL-FRANKLIN, CAPITAL REGION HEALTH VENTURES CORP., CAPITAL REGION HEALTH CARE CORP., AND THEIR EXEMPT PURPOSES THROUGH THE MANAGEMENT OF REAL ESTATE HOLDINGS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert P Steigmeyer President & CEO | OfficerTrustee | 1 | $0 |
Philip Emma Chair | OfficerTrustee | 1 | $0 |
Manisha Patel DDS Vice Chair & Secretary | OfficerTrustee | 1 | $0 |
Scott Sloane Senior Vp/cfo & Treasurer | Officer | 1 | $0 |
Sol Asmar Trustee | Trustee | 1 | $0 |
Muriel D Schadee CPA Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $4,517,739 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,517,739 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $725,966 |
Advertising and promotion | $0 |
Office expenses | $2,945 |
Information technology | $971 |
Royalties | $0 |
Occupancy | $1,580,192 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $761,015 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $858,602 |
Insurance | $243,097 |
All other expenses | $1,500 |
Total functional expenses | $4,174,288 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $21,329 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $190,491 |
Net Land, buildings, and equipment | $16,673,022 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,610,637 |
Total assets | $21,495,479 |
Accounts payable and accrued expenses | $339,995 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $16,237,586 |
Total liabilities | $16,577,581 |
Net assets without donor restrictions | $4,917,898 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $21,495,479 |
Organization Name | Assets | Revenue |
---|---|---|
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
Commonwealth Of Massachusetts Nage Health And Welfare Trust Fund Quincy, MA | $20,484,486 | $12,264,688 |
Vna Care Network Inc Worcester, MA | $53,895,058 | $9,740,895 |
Cheshire Health Foundation Keene, NH | $78,781,807 | $12,306,567 |
Integrinurse Inc Pittsfield, MA | $570,096 | $8,159,741 |
Baystate Health Foundation Inc Springfield, MA | $162,504,462 | $11,066,135 |
Concord Hospital Trust Concord, NH | $67,334,634 | $6,367,330 |
Harvard Pilgrim Health Care Foundation Inc Canton, MA | $2,272,182 | $1,008,171 |
Capital Region Health Care Development Corporation Concord, NH | $21,495,479 | $4,517,739 |
International Brotherhood Of Elect Workers 300 Health & Welfare Tr South Burlington, VT | $3,376,422 | $3,830,044 |
Mmc Realty Corp Portland, ME | $43,663,674 | $5,719,456 |