named programs · 4 · from sources
What they call their work
Advocacy for Health Access and Equity
Engages in policy advocacy and partnerships to promote equitable access to healthcare in underserved communities.
Loan Origination and Market Development
Provides financing for construction, renovation, and expansion of community health centers and behavioral health facilities across the U.S.
Technical Assistance and Capacity Building
Offers strategic support to healthcare organizations for financial planning, systems development, and organizational strengthening.
V-Cap BH
National initiative to strengthen community behavioral health providers through impact capital, technical assistance, and pilot financing projects. Focuses on expanding access to mental health and substance use disorder treatment.
activities · 5 groups
What they do
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Hospital and Medical Center Support 2 activities
- Expanding access to care through growth financing and subsidy generationProvides growth capital and New Markets Tax Credit investments that enable community health providers to expand services to thousands of new clients, hire additional clinicians, and generate grant-like subsidies. For example, financing enabled AllHealth Network to serve 5,000 new clients and generate $2.8M in subsidy.
- Providing financing for community-based healthcare facilities and expansionsOffers loans ranging from $250,000 to $25 million for major capital needs including construction, renovation, and expansion of healthcare facilities serving low-income and historically disadvantaged communities. Examples include clinics, behavioral health centers, and integrated care facilities in rural and underserved urban areas.
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Community Health Equity Initiatives 1 activity
- Advocacy and partnership support for health equityEngages in advocacy and forms community partnerships to advance health access and equity in low-income and historically disadvantaged communities, aligning financial and technical resources with systemic change goals.
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Mental Health Research and Services Funding 1 activity
- Funding integrated behavioral health and alternative-to-incarceration programsFinances residential treatment facilities and alternative-to-incarceration programs that integrate mental health, substance use, and primary care services for individuals with serious mental illness, particularly those involved in the justice system. Includes support for facilities like Hope House on Crotona Park and Garcia House.
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Organizational Sustainability Management 1 activity
- Managing fiscal operations and securing debt financing as a CDFIDirects fiscal functions, ensures compliance with federal and regulatory reporting requirements, and manages relationships with institutions like the Federal Home Loan Bank of NY to secure debt financing by pledging organizational assets as collateral.
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Community Health Center Services 1 activity
- Providing technical assistance and capacity-building support to healthcare organizationsOffers funding and in-kind technical assistance for growth-related initiatives such as strategic planning, staff recruitment, business development, and accessing New Markets Tax Credit subsidies. Support is tailored to help community health providers overcome early-stage barriers to expansion and improve operational effectiveness.
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financials · form 990 · fy2024
revenue
Total revenue$3.47M
Contributions & grants$1.96M57%
Program service revenue$1.48M43%
Investment income$17K0%
Other revenue$0
expenses
Total expenses$2.03M
Program expenses81%
Admin / overhead17%
Fundraising2%
Salaries & benefits$857K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$33.35M
Cash$10.59M
Investments$187K
Liabilities$11.94M
Net assets$21.41M
Liquid reserves63.6 mo
5 years on record · 2020–2024 · YoY revenue -2.5%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| STEVE WEINGARTEN | CHIEF EXECUTIVE OFFICER | 40 | $232K |
| ALDEA COLEMAN | DIRECTOR OF PARTNERSHIPS | 40 | $193K |
board members · 8
- ABENA NYAMEKYE — SECRETARY
- CINDY WILLARD — DIRECTOR
- DEBORAH BACHRACH — SECRETARY (OUTGOING)
- FRANCES PADILLA — DIRECTOR
- HOWARD RIFKIN — CHAIRMAN OF THE BOARD
- LOUIS GIRAUDO — DIRECTOR
- MARTIN EAKES — DIRECTOR
- THOMAS CHABOLLA — TREASURY
relationships · 19
Who they work with
- AllHealth Network Partner — Partnered on a New Markets Tax Credit investment to expand behavioral health services, serving 5,000 additional clients and adding 40 clinicians.
- C.W. Williams Community Health Center Partner — Provided a $5 million construction loan for clinic renovation and service quality improvement.
- Charlotte Community Health Clinic Partner — Receives support through V-Cap’s VitalTA program to overcome barriers to growth.
- Cleo Parker Robinson Dance Partner — Financing the expansion of the Cleo Parker Robinson Center for the Healing Arts in Denver, integrating arts and mental health services.
- Federal Home Loan Bank of NY Government — Primary source of debt financing; V-Cap pledges assets as collateral for advances.
- Greenburger Center Partner — Partner organization implementing the Hope House on Crotona Park Alternative to Incarceration Initiative, supported by V-Cap financing and technical assistance.
- Greenburger Center Partner — Partnered with V-Cap to implement the Hope House on Crotona Park, an Alternative to Incarceration initiative for individuals with serious mental illness.
- Greenburger Center Partner — Provided financing and technical assistance for the development of Hope House on Crotona Park, an alternative-to-incarceration residential treatment program.
- Hot Springs Health Program Partner — Receives support through V-Cap’s VitalTA program to overcome barriers to growth.
- MedNorth Health Center Partner — Financed clinic expansion and increased service capacity in Wilmington, NC.
- MedNorth Health Center Partner — Partnered on planning and financing a new health center facility in Wilmington, NC, to expand integrated care services.
- OIC Partner — Financed redevelopment of the Rose Street campus to deliver integrated behavioral health care in Rocky Mount, NC.
- Peachtree Clinic Partner — Financed the development of a new health center in Murphy, NC, to expand access to care.
- Primary Care Development Corporation Partner — Collaborated with V-Cap to finance Callen-Lorde's growth and operational excellence.
- Rural Health Group Partner — Receives support through V-Cap’s VitalTA program to overcome barriers to growth.
- Self-Help Partner — Provides credit services including loan portfolio management and loan closing services for V-Cap.
- Self-Help Partner — Provides national commercial lending infrastructure to support V-Cap's financing of healthcare development in low-income communities.
- Self-Help Credit Union Partner — Lending partner through which V-Cap provides financing to community-based healthcare organizations.
- Triad Adult and Pediatric Medicine Partner — Receives support through V-Cap’s VitalTA program to overcome barriers to growth.
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Impact-Driven Financing for Underserved Healthcare Infrastructure 5 orgsmethodology: impact_capital_deploymentBy deploying tailored financial instruments—including CDFI loans, New Markets Tax Credits, and blended finance—we expand access to care in low-income and rural communities because targeted capital lowers barriers to infrastructure development and service expansion.shared approach: New Markets Tax Credit Leverage →
- Integrated Capital and Capacity Building Modelmethodology: integrated_capital_and_capacity_supportBy combining flexible financing with technical assistance and strategic partnerships, we strengthen community healthcare systems because access to capital alone is insufficient without organizational capacity and systemic support.
- Sustainable and Energy-Efficient Healthcare Developmentmethodology: sustainable_healthcare_infrastructureBy integrating energy efficiency into healthcare facility financing and development, we improve long-term operational sustainability and reduce costs, because resilient infrastructure enables continuous, affordable care delivery in underserved areas.