Newport News General & Nonsectarian Hospital Assoc Inc
- Assets
- $170.3m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Newport News, VA
- Founding
- 08/1937
- Data as of
- 12/2023
- 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 12/2023, Newport News General & Nonsectarian Hospital Assoc Inc generated $15.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $13.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 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
2023
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 |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 0.3 | $0 |
Name Not Listed Board Member/president/ceo, Rhs | OfficerTrustee | 0.3 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 0.3 | $0 |
Name Not Listed Chief Nursing Officer/svp | Officer | 0.3 | $0 |
Name Not Listed General Counsel/secretary, Rhs | Officer | 0.3 | $0 |
Name Not Listed Evp, CFO & Treasurer | Officer | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dpr Construction Cip - Building Construction | 12/30/23 | $1,914,922 |
Radon Medical Llc Cip - Medical Equipment | 12/30/23 | $243,421 |
Skytron Llc Cip - Medical Equipment | 12/30/23 | $150,917 |
Akf Group Llc Cip - Architect Design Fees | 12/30/23 | $205,720 |
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 | $15,289,932 |
| 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 | $15,289,932 |
| 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 | $22,608 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,704 |
| 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 | $0 |
| Information technology | $111,021 |
| Royalties | $0 |
| Occupancy | $516,047 |
| 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 | $11,645,389 |
| Insurance | $766,129 |
| All other expenses | $0 |
| Total functional expenses | $13,073,578 |
| 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 | $170,284,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $170,284,360 |
| Accounts payable and accrued expenses | $920,937 |
| 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 | $67,349,784 |
| Total liabilities | $68,270,721 |
| Net assets without donor restrictions | $101,813,639 |
| 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 | $170,284,360 |