NonprofitsVital Healthcare Capital

Health Care

Vital Healthcare Capital

NEW YORK, NY

Total revenue

$3.5M

Total expenses

$2.0M

Net assets

$21.4M

Grants received

$1.1M

4 grants

EIN

454014553

Tax year

2024

Mission

Vital healthcare capital ("v-cap") was incorporated in washington, d.c. During november 2011. V-cap is a community development financial institution (cdfi) supporting quality care and good healthcare jobs in low-income and historically disadvantaged communities through advantageous financing, strong community partnerships, and advocacy for health access and equity. V-cap finances community-based healthcare organizations including community health centers, behavioral health providers, providers of integrated or specialty care, and other projects substantially impacting community health.

Financials

FY 2024

Revenue

Contributions & grants$2.0M
Program service revenue$1.5M
Investment income$17K
Other revenue
Total revenue$3.5M

Expenses

Grants paid
Salaries & benefits$857K
Fundraising$44K
Other expenses$1.2M
Total expenses$2.0M
Total assets$33.4M
Net assets$21.4M

People

11 listed

NameRoleCompensation

STEVE WEINGARTEN

CHIEF EXECUTIVE OFFICER

Board

$204K

40 hrs/wk

DEBORAH BACHRACH

SECRETARY (OUTGOING)

Board

2 hrs/wk

FRANCES PADILLA

DIRECTOR

Board

2 hrs/wk

HOWARD RIFKIN

CHAIRMAN OF THE BOARD

Board

2 hrs/wk

ABENA NYAMEKYE

SECRETARY

Board

2 hrs/wk

MARTIN EAKES

DIRECTOR

Board

2 hrs/wk

THOMAS CHABOLLA

TREASURY

Board

2 hrs/wk

MATHEW RUBIN

CONTRACTED CHIEF FIN. OFFICER

Board

8 hrs/wk

LOUIS GIRAUDO

DIRECTOR

Board

2 hrs/wk

CINDY WILLARD

DIRECTOR

Board

2 hrs/wk

ALDEA COLEMAN

DIRECTOR OF PARTNERSHIPS

Staff

$139K

40 hrs/wk

Grants received

Showing 4 of 4

FromAmountPurposeYear
$250K
OPERATING GRANT
2024
$100K
FINANCE JUSTICE FUND SUBGRANT
2023
$625K
COMMUNITY DEEVELOPMENT FINANCIAL INSTITUTION TO BRING NEW APPROACHES TO COMMUNITY FINANCE IN THE CONTEXT OF HEALTHCARE REFORM, TO PROVIDE FLEXIBLE FINANCING AND TARGETED DEVELOPMENT SERVICES TO CATALYZE QUALITY CARE AND GOOD HEALTHCARE JOBS IN LOW INCOME COMMUNITIES
2021
$150K
FINANCE JUSTICE FUND SUBGRANT
2021

Funded by

$1.1M from 2 funders · 4 grants · 2021–2024

The Alphadyne Foundation

$625K · 1 grant · 2021

Opportunity Finance Network

$500K · 3 grants · 2021–2024

Details

EIN454014553
NTEE codeE99
Subsection03
Ruling date2014-03
Formed2011
Employees6
Volunteers7
VITAL HEALTHCARE CAPITAL — Mission, Financials & Grants Received | Grantivo