Healthcare Ventures Alliance
- Assets
- $3.0m
- Revenue
- $530.7k
- Investments
- $258.8k
- Employees
- 7
- Location
- Erie, PA
- Founding
- 12/2003
- Data as of
- 12/2023
- EIN
- 23-2877142
Organization Overview
Healthcare Ventures Alliance is located in Erie, PA. The organization was established in 2003. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. As of 12/2023, Healthcare Ventures Alliance employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthcare Ventures Alliance 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 12/2023, Healthcare Ventures Alliance generated $530.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $760.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HVA IS THE REGIONAL RESOURCE FOR PROGRAMS AND SUPPORT SERVICES TO ENHANCE THE QUALITY OF CARE AND LIFE FOR SENIORS AND BENEFIT MEMBER ORGANIZATIONS. THIS IS ACCOMPLISHED THROUGH COLLABORATIVE, ADMINISTRATIVE, CONSULTING AND SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE THE QUALITY OF CARE TO SENIORS AND PROVIDE COST AND PURCHASING POWER TO NON-PROFIT MEMBER ORGANIZATIONS. HVA WILL ALSO PROVIDE REHABILITATION AND PHARMACY SERVICES TO BENEFIT ITS NON-PROFIT MEMBERS RESIDENTS.
HVA OFFERS IT MEMBER FACILITIES TRAINING OPPORTUNITIES IN VARIOUS TOPICS INCLUDING LONG-TERM CARE AND SENIOR COMMUNITY LIVING AMONG OTHERS.
HVA OFFERS TO PERSONS 17 YEARS OF AGE AND OLDER A STATE APPROVED NURSE AIDE TRAINING PROGRAM. THE PROGRAM PROVIDES COMPREHENSIVE THEORY AND EXTENSIVE CLINICAL TRAINING THAT PROVIDES A SOLID FOUNDATION FOR CANDIDATES LOOKING TO ENTER THE WORKFORCE IN SENIOR CARE LIVING COMMUNITIES.
HVA CARE CONNECT, LLC PROVIDES NURSE PRACTIONER SERVICES TO THE RESIDENTS OF HVA SENIOR LIVING ALLIANCE, LLC MEMBER RESIDENTIAL NURSING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobbie Gray Director | Trustee | 2 | $0 |
Allen Bonace Director | Trustee | 2 | $0 |
Jeff Wieser Director | Trustee | 2 | $0 |
Amy Learn Director | Trustee | 2 | $0 |
Gary Seib Secretary/treasurer | OfficerTrustee | 2 | $0 |
Brian Nageotte Chairperson | OfficerTrustee | 2 | $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 | $345,804 |
| Investment income | $13,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,896 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $530,732 |
| 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 | $323,001 |
| Pension plan accruals and contributions | $6,746 |
| Other employee benefits | $31,891 |
| Payroll taxes | $27,614 |
| Fees for services: Management | $132,063 |
| Fees for services: Legal | $1,780 |
| Fees for services: Accounting | $1,788 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,303 |
| Fees for services: Other | $14,765 |
| Advertising and promotion | $17,955 |
| Office expenses | $19,127 |
| Information technology | $7,011 |
| Royalties | $0 |
| Occupancy | $23,307 |
| Travel | $36,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,915 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,794 |
| Insurance | $28,615 |
| All other expenses | $4,878 |
| Total functional expenses | $760,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,402 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $233,911 |
| 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 | $13,800 |
| Net Land, buildings, and equipment | $621,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $258,802 |
| Investments—program-related | $1,811,106 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,011,618 |
| Accounts payable and accrued expenses | $215,706 |
| 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 | $0 |
| Total liabilities | $215,706 |
| Net assets without donor restrictions | $2,795,912 |
| 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 | $3,011,618 |