Verity Health System Of California Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Woodland Hills, CA
- Founding
- 07/2015
- Data as of
- 06/2022
- EIN
- 91-2145484
Organization Overview
Verity Health System Of California Inc is located in Woodland Hills, CA. The organization was established in 2015. 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. Verity Health System Of California Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
VERITY HEALTH SYSTEM OF CALIFORNIA, INC. IS THE HEALTH SYSTEM'S PARENT ORGANIZATION PROVIDING LEADERSHIP AND SUPPORT FOR THE ORGANIZATION'S AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTITY HAS BEEN WOUND DOWN FOR EVENTUAL DISSOLUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Adcock CEO (thru 9/2020) | Officer | 35 | $2,159,831 |
Tirso Del Junco Chief Medical Officer (thru 8/2020) | Officer | 40 | $727,563 |
Anthony Armada - Chief Operating Officer (thru 8/2020) | Officer | 36 | $689,917 |
Eleanor Ramirez - Chief Hospital Operations (thru 8/2020) | Officer | 39 | $632,695 |
Ty Conner - Interim Controller (thru 9/20); Treasurer (thru 4/21) | Trustee | 27 | $536,130 |
Steven Sharrer Chief Hr Officer (thru 8/2020) | Officer | 40 | $479,064 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Milbank Tweed Hadley And Mccloy Llp 55 Consultant | 6/29/21 | $4,282,943 |
Pachulski Stang Ziehl & Jones Llp 150 Legal | 6/29/21 | $2,145,539 |
Microsoft Licensing Gp Information Technology | 6/29/21 | $1,643,538 |
Berkeley Research Group Llc Consultant | 6/29/21 | $11,368,561 |
Dentons Us Llp Consultant | 6/29/21 | $10,037,184 |
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 | $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 | $0 |
| 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 | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $2,401,937 |
| Total functional expenses | $2,401,937 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Verity Health System Of California Inc has awarded $909,101 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Woodland Hills, CA PURPOSE: General Support | $892,934 |
Baltimore, MD PURPOSE: Charity | $16,167 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Verity Health System Of California Inc has recieved totaling $248,541.
| Awarding Organization | Amount |
|---|---|
St Vincent Foundation Woodland Hills, CA PURPOSE: DISSOLUTION TRANSFER | $248,541 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Center Network Inc San Leandro, CA | $57,670,928 | $17,209,329 |
El Dorado County Community Health Placerville, CA | $15,743,416 | $20,588,313 |
Torrance Memorial Medical Center Health Care Foundation Torrance, CA | $120,580,625 | $12,457,218 |
St Francis Healthcare System Of Hawaii Honolulu, HI | $121,878,275 | $9,807,934 |
Valley Childrens Healthcare Madera, CA | $6,433,993 | $16,674,438 |
White Memorial Community Health Center Los Angeles, CA | $10,054,554 | $13,223,325 |
Immunize Nevada Reno, NV | $1,931,170 | $11,241,010 |
Community Medical Welness Centers Usa Long Beach, CA | $8,179,372 | $12,390,798 |
Ajo Community Health Center Ajo, AZ | $9,609,061 | $7,787,948 |
Vitalyst Health Foundation Phoenix, AZ | $145,402,177 | $11,995,078 |
Northbay Health Advantage Fairfield, CA | $93,273,302 | $3,699,610 |
Healthier Kids Foundation Santa Clara County San Jose, CA | $5,503,217 | $5,858,092 |