Boston Healthnet Corporation

Organization Overview

Boston Healthnet Corporation is located in Boston, MA. The organization was established in 1998. 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. Boston Healthnet 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, Boston Healthnet Corporation generated $17.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $17.9m during the year ending 09/2021. While expenses have increased by 1.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FURTHER THE CHARITABLE AND EDUCATIONAL MISSIONS OF ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TWO BMC LICENSED MEMBER HEALTH CENTER LABORATORIES ARE UNDER THE SINGLE DIRECTION OF ONE MEDICAL DIRECTOR. INFECTION CONTROL MANAGEMENT IS ALSO PROVIDED TO FOUR BMC LICENSED MEMBER HEALTH CENTERS.


THE HEALTHNET IS COMMITTED TO SUPPORTING AND PROMOTING THE GENERAL EDUCATION AND TRAINING OF PRIMARY CARE AND SPECIALTY CARE PHYSICIANS, THE RECRUITMENT OF SUCH PHYSICIANS TO URBAN COMMUNITIES, AND OTHER PROGRAMS AND SERVICES THAT SUPPORT THE HEALTH CARE NEEDS OF URBAN COMMUNITIES. IN PURSUIT OF THIS COMMITMENT, THE HEALTHNET PROVIDED SUPPORT TO ITS NINE PRIMARY PARTNERS TOTALING $15,630,000 IN ACCORDANCE WITH AN AGREEMENT OF AFFILIATION OF THE MEMBERS. IN ADDITION, THE HEALTHNET HAS PROVIDED SUPPORT TO ITS TWO NONMEMBER SECONDARY PARTNERS TOTALING $200,000. THE HEALTHNET ALSO PARTICIPATES IN A RESIDENCY AND MEDICAL TRAINING PROGRAM BY PROVIDING FUNDING TO MEMBER HEALTH CENTERS FOR RESIDENCY AND MEDICAL EDUCATION, TOTALING $901,131 FOR THE YEAR ENDED SEPTEMBER 30, 2021.


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Board, Officers & Key Employees

Name (title)Compensation
William J Halpin Jr
President
$0
Terri Newsom
Vice President
$0
Guale Valdez
Treasurer
$0
Ravin Davidoff
Clerk
$0
Karen Antman MD
Director
$0
Sandra Cotterell
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Family Medicine Association
Medical
$239,878
Bmc Department Of Hospital Epidemiology
Laboratory
$120,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$15,738,711
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$15,738,711
Total Program Service Revenue$1,445,190
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 $17,183,901

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Boston Healthnet Corporation has recieved totaling $259,870.

Awarding OrganizationAmount
Massachusetts Ehealth Collaborative

Waltham, MA

PURPOSE: TO FULFILL THE PURPOSES OF THE ORGANIZATION

$259,870
View Grant Recipient Profile

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