Totals
- Total revenue
- $0
- Total expenses
- $16,717
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $3,946
- Total liabilities, end of year
- $1,577,506
- Net assets or fund balances, end of year
- -$1,573,560
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $16,717
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $0
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $5,129 · management and general $5,129
-
11c · Fees: accounting
total $3,675 · management and general $3,675
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $7,913 · management and general $7,913
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $3,968 · end of year $3,946
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
end of year $0
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
end of year $0
-
25 · Other liabilities
beginning of year $1,560,811 · end of year $1,577,506
-
27 · Net assets without donor restrictions
beginning of year -$1,556,843 · end of year -$1,573,560
Mission and programs · 2023
Mission
FAITH-BASED REGIONAL HEALTH SYSTEM FOCUSED ON IMPROVING THE LIVES OF THE PEOPLE IT SERVES BY PROVIDING HIGH QUALITY HEALTH CARE AND MEDICAL EDUCATION THROUGHOUT SOUTH TEXAS.
Activities or mission (Part I)
DURING 2014 TAX YEAR VB MEDICAL HLDS SOLD ITS 49% INTEREST IN A JV WHICH OPERATED 2 HOSPITALS & OTHER HEALTHCARE SERVICES. THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN.
-
VB MEDICAL HOLDINGS PRESERVES THE ASSETS GENERATED FROM THE SALE OF THE HEALTH SYSTEM IN ACCORDANCE WITH CONTRACTUAL PROVISIONS, IN FURTHERANCE OF ITS EXEMPT PURPOSE TO IMPROVE THE HEALTH OF THE COMMUNITY.
As filed on the 2023 return.
Listed in Part VII
-
Becky BallengerBECKY BALLENGER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Michael LamonMICHAEL LAMON
VICE CHAIRMAN/DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert ShepardROBERT SHEPARD
CHAIRMAN/DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judy QuisenberryJUDY QUISENBERRY
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 38 related
-
Kimberly AndersonKIMBERLY ANDERSON
FINANCE DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 38 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
VALLEY BAPTIST SERVICE CORPORATION
501(c)(3) · MANAGEMENT · TX
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520209349301042
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