National Healthcare Research And Education Finance Corporation
- Assets
- $75.3m
- Revenue
- $7.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, TX
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 31-1707979
Organization Overview
National Healthcare Research And Education Finance Corporation is located in Arlington, TX. The organization was established in 2000. According to its NTEE Classification (E20) the organization is classified as: Hospitals, 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. National Healthcare Research And Education Finance 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 12/2021, National Healthcare Research And Education Finance Corporation generated $7.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (64.7%) each year. All expenses for the organization totaled $3.0m 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
THE FILING ORGANIZATION IS AUTHORIZED TO SUPPORT THE CHARITABLE AND EDUCATIONAL PURPOSES OF HOSPITALS, ACADEMIC MEDICAL CENTERS AND MEDICAL RESEARCH ORGANIZATIONS BY PROVIDING OR FACILITATING LOW-COST FINANCING OF FACILITIES AND INFRASTRUCTURE FOR THEIR SUPPORTED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL HEALTHCARE, RESEARCH AND EDUCATION FINANCE CORPORATION IS AUTHORIZED TO SUPPORT THE CHARITABLE AND EDUCATIONAL PURPOSES OF HOSPITALS, ACADEMIC MEDICAL CENTERS AND MEDICAL RESEARCH ORGANIZATIONS, INCLUDING NJH-SJH CENTER FOR OUTPATIENT HEALTH LLC , THAT ARE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE CODE (COLLECTIVELY, THE "SUPPORTED ORGANIZATIONS") BY PROVIDING OR FACILITATING LOW-COST FINANCING OF FACILITES AND INFRASTRUCTURE FOR THE SUPPORTED ORGANIZATIONS. IN ADDITION, NATIONAL HEALTHCARE RESEARCH AND EDUCATION FINANCE CORPORATION IS AUTHORIZED TO OWN, OPERATE AND LEASE, AS LESSOR OR LESSEE, NONPROFIT HEALTH CARE FACILITES IN A MANNER THAT WILL MINIMIZE THE COSTS TO THE PUBLIC FOR THE USE OF SUCH FACILITES, IN ORDER TO IMPROVE THE QUALITY OF HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Edward Anderson Director, VP | OfficerTrustee | 1 | $0 |
Mark Wilkinson Director, VP | OfficerTrustee | 1 | $0 |
Howard Feuerstein Vice Chairma | OfficerTrustee | 1 | $0 |
Laurie Stone Director, VP | OfficerTrustee | 1 | $0 |
Monty Humble President, C | OfficerTrustee | 1 | $0 |
Phillip Wambsganss Secretary | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan Chase Bank Banking Services | 12/30/18 | $1,030,131 |
Jpm Securities Banking Services | 12/30/18 | $121,930 |
Pnc Bank Banking Services | 12/30/18 | $153,757 |
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 | $0 |
| Investment income | $7,759 |
| 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 | $7,759 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| 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 | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $452,217 |
| Insurance | $13,961 |
| All other expenses | $0 |
| Total functional expenses | $2,972,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,779 |
| Savings and temporary cash investments | $3,437,220 |
| 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 | $7,280 |
| Net Land, buildings, and equipment | $71,902,465 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,348,744 |
| Accounts payable and accrued expenses | $501 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $72,050,000 |
| 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 | $7,374,491 |
| Total liabilities | $79,424,992 |
| Net assets without donor restrictions | -$4,076,248 |
| 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 | $75,348,744 |
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|---|---|---|
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Intracare Hospital North Houston, TX | $9,496,618 | $19,052,139 |
Mercy Restorative Care Hospital Inc Plano, TX | $7,623,639 | $17,873,004 |
Lawrence Memorial Health Foundation Walnut Ridge, AR | $19,692,878 | $22,078,590 |
Mcgehee Hospital Incorporated Mcgehee, AR | $18,095,185 | $16,226,732 |
Baptist Health Extended Care Hospital-Little Rock Inc Little Rock, AR | $8,041,342 | $11,545,697 |
Mercy Hospital Kingfisher Inc Kingfisher, OK | $3,781,535 | $14,956,290 |
Madison St Joseph Health Center Bryan, TX | $18,837,955 | $14,134,038 |
Dewitt Hospital And Nursing Home Inc Dewitt, AR | $7,864,188 | $14,444,459 |
Continuecare Hospital At Baptist Health Llc Plano, TX | $8,283,695 | $11,645,449 |