Hamotcole Ventures Ronald S Rapp
- Assets
- $6.2m
- Revenue
- $517.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Coudersport, PA
- Founding
- 10/2010
- Data as of
- 06/2020
- EIN
- 27-3172100
Organization Overview
Hamotcole Ventures Ronald S Rapp is located in Coudersport, PA. The organization was established in 2010. 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. Hamotcole Ventures Ronald S Rapp 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 06/2020, Hamotcole Ventures Ronald S Rapp generated $517.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $491.7k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (3.6%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
HAMOTCOLE VENTURES MISSION IS TO FACILITATE ACCESS TO HEALTHCARE BY PROVIDING MODERN AND RELEVANT HEALTH CARE CLINICS IN RURAL UNDERSERVED AREAS IN NORTH CENTRAL PA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAMOTCOLE'S PORT ALLEGHANY FACILITY CONTINUES TO HOUSE A VERY ROBUST PRIMARY CARE PRACTICE INCLUDING PEDIATRICS, CARDIOLOGY, PODIATRY, OB/GYN, TELEMEDICINE, LABORATORY, IMAGING, REHABILITATION AND WELLNESS AND MENTAL HEALTH SERVICES. THIS FACILITY IS A VALUED ASSET TO THIS REMOTE RURAL COMMUNITY.
HAMOTCOLE EXPANDED ITS PRESENCE IN THE REGION BY CONSTRUCTING A 7,650 SQUARE FOOT HEALTH CARE CLINIC IN SHINGLEHOUSE, PENNSYLVANIA, WHICH INCLUDES PRIMARY CARE OFFICES, IMAGING, LABORATORY AND REHABILITATION SERVICES. THIS FACILITY IS SEEING IN EXCESS OF 12,000 PATIENTS ANNUALLY, AND REPLACED A WORN, SMALL AND OUTDATED FACILITY THAT BEGAN BEING UTILIZED IN 1979. WITH THE OPENING OF THIS NEW CLINIC, SPACE WILL ALSO BE PROVIDED FOR TRAVELING SPECIALISTS, TELEMEDICINE AND MENTAL HEALTH SERVICES. THIS NEW CLINIC WILL SERVE PATIENTS FROM BOTH MCKEAN AND POTTER COUNTIES AS WELL AS CERTAIN AREAS OF NY STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alanna Huck Secretary/vice Chair Beg 12/21 | OfficerTrustee | 1 | $0 |
John Leete Treasurer/chair Beg 12/21 | OfficerTrustee | 1 | $0 |
Melynda Budd Director/treasurer Beg 12/21 | OfficerTrustee | 1 | $0 |
Patricia Jackson-Gehris Pres Upmc Ncpa Beg 06/22 | Officer | 1 | $0 |
Janie Hilfiger President/ceo | Officer | 1 | $0 |
Ron Rapp Chief Financial Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $5 |
| 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 | $517,155 |
| Statement of Expenses | |
|---|---|
| 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 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 | $3,610 |
| Advertising and promotion | $0 |
| Office expenses | $3,958 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,886 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $374,797 |
| Insurance | $2,058 |
| All other expenses | $0 |
| Total functional expenses | $491,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,159,958 |
| Accounts payable and accrued expenses | $0 |
| 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 | $74,572 |
| Total liabilities | $74,572 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $6,085,386 |
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