Newport News General & Nonsectarian Hospital Assoc Inc
- Assets
- $153.2m
- Revenue
- $18.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Newport News, VA
- Founding
- 08/1937
- Data as of
- 12/2021
- EIN
- 54-0505934
Organization Overview
Newport News General & Nonsectarian Hospital Assoc Inc is located in Newport News, VA. The organization was established in 1937. 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. Newport News General & Nonsectarian Hospital Assoc Inc 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 12/2021, Newport News General & Nonsectarian Hospital Assoc Inc generated $18.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $13.7m during the year ending 12/2021. 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
REAL ESTATE LEASING
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETAINS LAND, BUILDINGS AND FIXED EQUIPMENT WHICH IS LEASED TO RELATED RIVERSIDE NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Burns Downey Ceo,rhs | OfficerTrustee | 1 | $0 |
Thomas Byrd Vice Chairman | OfficerTrustee | 1 | $0 |
Walter William Austin Jr Evp, CFO & Treasurer | Officer | 1 | $0 |
Michael Dacey MD President/coo, Rhs | Officer | 1 | $0 |
Nancy Wick Littlefield Evp/cno, Rhs | Officer | 1 | $0 |
Jason O Houser General Counsel/secretary, Rhs | Officer | 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 | $18,790,275 |
| 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 | $18,790,275 |
| 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 | $21,312 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $124 |
| Information technology | $97,788 |
| Royalties | $0 |
| Occupancy | $486,690 |
| 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 | $12,576,553 |
| Insurance | $509,379 |
| All other expenses | $4,416 |
| Total functional expenses | $13,704,138 |
| 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 |
| Net Land, buildings, and equipment | $153,163,041 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $153,163,041 |
| Accounts payable and accrued expenses | $512,119 |
| 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 | $50,637,301 |
| Total liabilities | $51,149,420 |
| Net assets without donor restrictions | $101,813,621 |
| Net assets with donor restrictions | $200,000 |
| 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 | $153,163,041 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Systems Inc Beckley, WV | $47,848,830 | $60,145,979 |
Riverside Healthcare Association Inc Newport News, VA | $660,049,352 | $36,592,083 |
Wakemed Raleigh, NC | $319,222,964 | $30,125,616 |
Fayette Physician Network Inc Morgantown, WV | $4,531,688 | $30,641,232 |
North Carolina Community Health Center Association Raleigh, NC | $3,052,612 | $26,747,196 |
Associated Health Services Inc Durham, NC | $37,513,623 | $28,247,702 |
Nea Baptist Health System Inc Memphis, TN | $0 | $22,003,068 |
Consumer Healthcare Products Association Washington, DC | $25,820,737 | $21,722,760 |
Ccmh Corporation Carrollton, KY | $15,040,154 | $22,292,073 |
Greene County Health Care Incorporated Snow Hill, NC | $16,532,428 | $23,396,721 |
Monongalia Health System Inc Morgantown, WV | $86,745,766 | $16,010,701 |
Carolina Healthcare Associates Inc Wilmington, NC | $39,295,551 | $17,817,277 |