NonprofitsLg Newcorp Inc

Health Care

Lg Newcorp Inc

LAWRENCE, MA

Total revenue

Total expenses

Net assets

Grants received

EIN

994230642

Tax year

2023

Mission

LG NewCorp, Inc. (the Organization) is a Massachusetts nonprofit corporation formed by LGH to acquire certain assets from Steward Holy Family Hospital, Inc. (Holy Family Hospital). Holy Family Hospital is a for-profit hospital and an affiliate of Steward Health Care System, LLC (Steward), which, along with numerous subsidiaries and affiliates, filed for Chapter 11 bankruptcy on May 6, 2024. Holy Family Hospital operates an acute care hospital with campuses in Haverhill and Methuen, Massachusetts (the Holy Family Campuses), and is one of the debtors included in Steward's bankruptcy filing. The Organization intends to acquire the assets owned and used by Holy Family Hospital through the bankruptcy process and to operate an acute care hospital at the Holy Family Campuses. The Organization's sole activity will be the operation of an acute care hospital at the Holy Family Campuses.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue
Investment income
Other revenue
Total revenue

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses
Total expenses
Total assets
Net assets

People

5 listed

NameRoleCompensation

Abha AGRAWAL

PRESIDENT AND DIRECTOR

Board

15 hrs/wk

CAROL POWERS

CLERK AND DIRECTOR

Board

15 hrs/wk

ROSEMARIE DAY

DIRECTOR

Board

15 hrs/wk

LAUREL SWEENEY

TREASURER AND DIRECTOR

Board

15 hrs/wk

DAN RIVERA

DIRECTOR

Board

15 hrs/wk

Details

EIN994230642
NTEE codeE22
Subsection03
Ruling date2024-11
LG NEWCORP INC — Mission, Financials & Grants Received | Grantivo