Capital Region Health Care Development Corporation
- Assets
- $21.5m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NH
- Founding
- 05/1990
- Data as of
- 09/2021
- EIN
- 02-0429749
Organization Overview
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manisha Patel DDS Vice Chair & Secretary | OfficerTrustee | 1 | $0 |
Robert P Steigmeyer President & CEO | OfficerTrustee | 1 | $0 |
Philip Emma Chair | 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 |
Financial Statements
| 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 |
Peer Organizations
| 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 |