Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MANAGEMENT SERVICES

  total $1,023,499 · related or exempt $1,023,499

• 2b · Program service revenue: RENTAL REVENUE

  total $928,872 · related or exempt $928,872

• 2c · Program service revenue: OTHER PROGRAM REVENUE

  total $260,306 · related or exempt $260,306

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $421,601 · unrelated business $6,885 · excluded $414,716

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $4,803,687

• 7b · Less cost or other basis and sales expenses

  securities $3,030,158 · other assets $21,865

• 7c · Gain or loss

  securities $1,773,529 · other assets -$21,865

• 7d · Net gain or loss

  total $1,751,664 · excluded $1,751,664

• 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.

• 1 · Grants to domestic organizations and governments

  total $13,460 · program services $13,460

• 7 · Other salaries and wages

  total $126,022 · program services $112,513 · management and general $13,509

• 9 · Other employee benefits

  total $60,710 · program services $54,202 · management and general $6,508

• 10 · Payroll taxes

  total $2,190 · program services $1,955 · management and general $235

• 11g · Fees: other

  total $585,339 · program services $439,912 · management and general $145,427 · fundraising $0

• 12 · Advertising and promotion

  total $108,605 · management and general $108,605

• 13 · Office expenses

  total $14,320 · program services $9,878 · management and general $4,442

• 17 · Travel

  total $118 · program services $118

• 20 · Interest

  total $553,095 · program services $58,075 · management and general $495,020

• 22 · Depreciation, depletion and amortization

  total $254,552 · program services $234,595 · management and general $19,957

• 23 · Insurance

  total $60,318 · program services $43,193 · management and general $17,125

• 24a · Other expenses: BOOKS AND EDUCATIONAL MATERIALS

  total $37,718 · program services $37,050 · management and general $668

• 24b · Other expenses: OTHER EXPENSES

  total $21,570 · program services $21,188 · management and general $382

• 24c · Other expenses: FOOD

  total $5,088 · program services $5,088

• 24d · Other expenses: DUES, FEES, AND TAXES

  total $625 · program services $625

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $968,070 · end of year $440,621

• 3 · Pledges and grants receivable

  beginning of year $6,659

• 4 · Accounts receivable

  beginning of year $2,916

• 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 $22,302 · end of year $19,995

• 10a · Land, buildings and equipment: cost or other basis

  $40,880,047

• 10b · Land, buildings and equipment: accumulated depreciation

  $38,325,897

• 10c · Land, buildings and equipment, net

  beginning of year $2,822,554 · end of year $2,554,150

• 11 · Investments: publicly traded securities

  beginning of year $5,532,432

• 12 · Investments: other securities

  beginning of year $12,950 · end of year $6,118,475

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $536 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $150,272 · end of year $74,925

• 19 · Deferred revenue

  beginning of year $117,058

• 22 · Loans and payables to officers and key people

  end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $16,910,910

• 25 · Other liabilities

  beginning of year $630,193 · end of year $16,658,622

• 27 · Net assets without donor restrictions

  beginning of year -$8,440,090 · end of year -$7,600,386

• 28 · Net assets with donor restrictions

  beginning of year $76 · end of year $80

The filer's explanations (Part III)

FORM 990 PART VII SEC A LINE 5 - COMPENSATION PAID BY AN UNRELATED ORG

CELESTE PITTS SERVES AS THE INTERIM CHIEF FINANCIAL OFFICER AND IS COMPENSATED BY HELMS & CO., AN INDEPENDENT ENTITY ENGAGED BY THE ORGANIZATION. MS. PITTS PERFORMS CERTAIN FINANCIAL AND MANAGEMENT FUNCTIONS UNDER THE SUPERVISION OF THE BOARD OF DIRECTORS. DURING CALENDAR YEAR 2024, VALLEY REGIONAL HEALTHCARE PAID HELMS & CO. A TOTAL OF $179,689 FOR THE INTERIM CFO SERVICES PROVIDED BY MS. PITTS. THE COMPENSATION PAID BY HELMS & CO. TO MS. PITTS FOR HER INTERIM CFO SERVICES RENDERED TO THE ORGANIZATION IS UNKNOWN TO THE ORGANIZATION. PURSUANT TO THE IRS INSTRUCTIONS FOR PART VII SECTION A OF FORM 990, THE FILING ORGANIZATION MUST REPORT PAYMENTS MADE TO AN OFFICER BY AN UNRELATED ORGANIZATION FOR SERVICES RENDERED TO THE FILING ORGANIZATION IN THAT PERSON'S CAPACITY AS AN OFFICER OF THE FILING ORGANIZATION ON FORM 990 PART VII SECTION A AS COMPENSATION FROM THE FILING ORGANIZATION IF THE FILING ORGANIZATION HAS KNOWLEDGE OF THE ARRANGEMENT. THE COMPENSATION REPORTED ON FORM 990 PART VII SECTION A FOR MS. PITTS IS ZERO BECAUSE THE ORGANIZATION DOES NOT HAVE KNOWLEDGE OF THE ARRANGEMENT BETWEEN HELMS & CO. AND MS. PITTS REGARDING THE AMOUNT OF COMPENSATION PAID TO MS. PITTS FOR HER SERVICES RENDERED TO THE ORGANIZATION.

SCHEDULE J, PART I, LINE 3 CEO COMPENSATION

THE CEO'S COMPENSATION AMOUNT IS DETERMINED BY A RELATED ORGANIZATION, WHICH USES A COMPENSATION COMMITTEE, AN INDEPENDENT CONSULTANT, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE VRHC BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE CEO'S COMPENSATION.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUSTS (3)

  TRUST · CHARITABLE TRUST · NH

  Directly controlled by VALLEY REGIONAL HOSPITAL