Capital Region Health Ventures Corporation
- Assets
- $12.5m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NH
- Founding
- 07/1993
- Data as of
- 09/2021
- EIN
- 02-0438264
Organization Overview
Capital Region Health Ventures Corporation is located in Concord, NH. The organization was established in 1993. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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 Ventures Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Capital Region Health Ventures Corporation generated $11.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $5.7m during the year ending 09/2021. 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
PROVIDE MEDICAL CARE TO COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRHVC PROVIDES SUPPORT TO CONCORD IMAGING CENTER, AN OUT-PATIENT IMAGING SERVICES CENTER, CAPITAL ORTHOPEDIC SURGERY CENTER, CONCORD AMBULATORY SURGERY CENTER, AND CONCORD ENDOSCOPY CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert P Steigmeyer President & CEO | OfficerTrustee | 1 | $0 |
Manisha Patel Vice Chair & Secretary | OfficerTrustee | 1 | $0 |
Philip Emma Chair | OfficerTrustee | 1 | $0 |
Scott Sloane Senior Vp/cfo & Treasurer | Officer | 1 | $0 |
Muriel D Schadee CPA Trustee | Trustee | 1 | $0 |
Jeffrey J Zellers ESQ 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 | $4,411,912 |
| Investment income | $545 |
| 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 | $11,897,231 |
| 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 | $37,500 |
| 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 | $2,927,574 |
| Advertising and promotion | $0 |
| Office expenses | $157,767 |
| Information technology | $4,009 |
| Royalties | $0 |
| Occupancy | $945,768 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,551 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $605,158 |
| Insurance | $66,589 |
| All other expenses | $0 |
| Total functional expenses | $5,663,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,841 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $744,174 |
| 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 | $155,724 |
| Net Land, buildings, and equipment | $257,159 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $11,109,871 |
| Intangible assets | $0 |
| Other assets | $6,003 |
| Total assets | $12,519,772 |
| Accounts payable and accrued expenses | $335,817 |
| 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 | $43,052 |
| Total liabilities | $378,869 |
| Net assets without donor restrictions | $12,140,903 |
| 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 | $12,519,772 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Healthnet Corporation Boston, MA | $1,391,448 | $17,183,901 |
Southcoast Health System Inc New Bedford, MA | $230,534,649 | $39,093,596 |
Mass General Brigham Incorporated Somerville, MA | $110,987,827 | $17,110,178 |
Exeter Health Resources Exeter, NH | $367,054,931 | $15,758,804 |
South Yarmouth Management Systems Inc Pittsfield, MA | $3,781,168 | $11,483,652 |
Community Health Systems Inc Attleboro, MA | $20,160,343 | $9,615,392 |
Metrowest Health Foundation Inc Framingham, MA | $99,772,227 | $5,790,457 |
Capital Region Health Ventures Corporation Concord, NH | $12,519,772 | $11,897,231 |
Boston Accountable Care Organization Inc Boston, MA | $22,135,062 | $3,965,825 |
Southwestern Vermont Health Care Corporation Bennington, VT | $75,476,166 | $6,374,667 |
St Marys Health System Lewiston, ME | $11,831,173 | $3,469,341 |
Valley Regional Healthcare Inc Claremont, NH | $13,445,921 | $2,270,265 |