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COMMUNITY HEALTHCARE NETWORK FOUNDATION INC
NEW YORK, NY · EIN 843909175 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$6.0M
expenses
$1.0M
net assets
$5.8M
employees
0
volunteers
2
program ratio
100%
mission · from form 990

COMMUNITY HEALTHCARE NETWORK FOUNDATION, INC. ("CHNF") IS TO FACILITATE THE BORROWINGS RELATED TO A NEW MARKETS TAX CREDIT TRANSACTION TO FINANCE THE DEVELOPMENT AND CONSTRUCTION OF A HEALTH CARE FACILITY IN QUEENS, NEW YORK.

profile · synthesized from sources

Community Healthcare Network Foundation Inc. is a nonprofit organization based in New York that supports the financing of healthcare infrastructure. Its primary purpose is to facilitate borrowings through New Markets Tax Credit transactions to fund the development and construction of a healthcare facility in Queens, New York. The organization operates as a financial enabler for healthcare access in underserved communities.

named programs · 1 · from sources

What they call their work

New Markets Tax Credit Financing Initiative
Facilitates financing for the development and construction of a healthcare facility in Queens, NY through New Markets Tax Credit transactions
activities · 1 group

What they do

  • Capital Infrastructure Funding 1 activity
    • Finances development of healthcare facilities through New Markets Tax Credit transactions
      Facilitates borrowings via New Markets Tax Credit transactions to fund the development and construction of healthcare facilities, including a facility in Queens, New York.
financials · form 990 · fy2024
revenue
Total revenue$5.98M
Contributions & grants$5.69M95%
Program service revenue$00%
Investment income$287K5%
Other revenue$0
expenses
Total expenses$1.00M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$1.00M
Largest expense lineCompensation
balance sheet
Total assets$39.37M
Cash$118K
Investments$0
Liabilities$33.58M
Net assets$5.79M
Liquid reserves1.4 mo
5 years on record · 2020–2024 · YoY revenue +2129.1%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
ROBERT HAYES PRESIDENT 1 $492K
ALAN WENGROFSKY EXECUTIVE VP/CFO 1 $425K
board members · 2
  • ELIZABETH KROB KELLNEER — SECRETARY
  • MATTHEW WEISSMAN — TREASURER
strategies · 1

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.