Riverside Healthcare Association Inc

Organization Overview

Riverside Healthcare Association Inc, operating under the name Riverside Health System, is located in Newport News, VA. The organization was established in 2010. 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 a parent organization of an affiliated group for tax-exemption purposes. Riverside Health System 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 12/2020, Riverside Health System generated $36.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $35.4m during the year ending 12/2020. While expenses have increased by 15.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

HEALTHCARE SYSTEM PARENT ORGANIZATION THAT OVERSEES, MANAGES, AND PROVIDES FINANCIAL AND PROGRAMMATIC COORDINATION FOR ALL RELATED TAX EXEMPT AFFILIATES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OVERSEES AND COORDINATES THE DEVELOPMENT AND CONTINUED PROVISION OF QUALITY HEALTHCARE SERVICES THROUGH RELATED NON-PROFIT GENERAL HOSPITAL, LONG TERM CARE AND PHYSICIAN SERVICES TO LOCAL COMMUNITIES.


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Outside Vendors & Contractors

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Akf Group Llc
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Dpr Construction
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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$17,677,947
Investment income $18,487,358
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $26,206
Net Gain/Loss on Asset Sales $331,588
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $36,592,083

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Riverside Healthcare Association Inc has recieved totaling $12,500.

Awarding OrganizationAmount
$12,500
View Grant Recipient Profile

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