Skip to content
Nonprofiteer
← COMMUNITY HEALTH CENTER CAPITAL FUND INC

Form 990 for tax year 2023

Filed by COMMUNITY HEALTH CENTER CAPITAL FUND INC.

Totals

Total revenue
$5,989,855
Total expenses
$2,703,908
Contributions and grants received
$2,814,254
Grants paid
$462,149
Program service revenue
$2,953,451
Investment income
$222,150
Other revenue
$0
Total assets, end of year
$26,844,673
Total liabilities, end of year
$12,356,965
Net assets or fund balances, end of year
$14,487,708
Program services expenses (Part IX)
$2,107,650
Management and general expenses
$596,258
Fundraising expenses
$0
Program service expenses (Part III)
$2,107,650

Program services were 77.9% 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.

  • 1e · Government grants (contributions)

    $2,805,955

  • 1f · All other contributions, gifts and grants

    $8,299

  • 2a · Program service revenue: LOAN PROGRAM FEES

    total $1,974,767 · related or exempt $1,974,767

  • 2b · Program service revenue: INTEREST INCOME FROM L

    total $975,638 · related or exempt $975,638

  • 2c · Program service revenue: LOAN MONITORING AND SE

    total $3,046 · related or exempt $3,046

  • 3 · Investment income

    total $222,150 · excluded $222,150

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $462,149 · program services $462,149

  • 11b · Fees: legal

    total $35,100 · program services $26,026 · management and general $9,074

  • 11c · Fees: accounting

    total $186,411 · program services $138,222 · management and general $48,189

  • 11g · Fees: other

    total $1,536,459 · program services $1,037,880 · management and general $498,579

  • 12 · Advertising and promotion

    total $15,556 · program services $10,777 · management and general $4,779

  • 13 · Office expenses

    total $50,004 · program services $34,645 · management and general $15,359

  • 16 · Occupancy

    total $18,827 · program services $13,043 · management and general $5,784

  • 19 · Conferences, conventions and meetings

    total $29,182 · program services $28,366 · management and general $816

  • 20 · Interest

    total $321,369 · program services $321,369

  • 23 · Insurance

    total $20,315 · program services $14,074 · management and general $6,241

  • 24e · All other expenses

    total $28,536 · program services $21,099 · management and general $7,437

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,296,165 · end of year $250,094

  • 2 · Savings and temporary cash investments

    beginning of year $20,503 · end of year $6,691,534

  • 4 · Accounts receivable

    beginning of year $297,212 · end of year $461,610

  • 13 · Investments: program-related

    beginning of year $21,296,897 · end of year $19,441,435

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,392 · end of year $82,474

  • 19 · Deferred revenue

    beginning of year $25,000 · end of year $25,000

  • 23 · Secured mortgages and notes payable

    beginning of year $6,837,268 · end of year $9,929,278

  • 24 · Unsecured notes and loans payable

    beginning of year $4,756,250 · end of year $2,274,353

  • 25 · Other liabilities

    beginning of year $67,504 · end of year $45,860

  • 27 · Net assets without donor restrictions

    beginning of year $10,707,938 · end of year $14,487,708

  • 28 · Net assets with donor restrictions

    beginning of year $485,425 · end of year $0

Mission and programs · 2023

Mission

COMMUNITY HEALTH CENTER CAPITAL FUND, INC. ASSISTS COMMUNITY HEALTH CENTERS IN ACCESSING CAPITAL FOR BUILDING AND EQUIPMENT PROJECTS.

Activities or mission (Part I)

ASSIST COMMUNITY HEALTH CENTERS IN ACCESSING CAPITAL.

  • COMMUNITY HEALTH CENTER CAPITAL FUND IS DEDICATED TO SUPPORTING THE GROWTH AND DEVELOPMENT OF FEDERALLY QUALIFIED HEALTH CENTERS BY PROVIDING LOANS AND LOAN PROGRAMS STRUCTURED TO MEET HEALTH CENTERS' NEEDS AND BY COLLABORATING WITH OTHERS TO ADVANCE THE PRACTICE OF RESPONSIVE LENDING TO THE HEALTH CENTER SECTOR.

    Expenses $2,107,650 · Grants $462,149 · Revenue $2,953,451

As filed on the 2023 return.

Listed in Part VII

  • E Benjamin Money Jr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • James W Hunt Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Melvin Benson

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Curry Esq

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Noni Ramos

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Sabrina Stratton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Stephen Leonard

    CLERK

    Total calculated
    $0
    Hours/week
    0.5

  • Rebecca Regan

    CEO

    Total calculated
    $416,210
    From this org
    $0
    From related orgs
    $360,994
    Other
    $55,216
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,855 related
    Bonus
    $0 + $30,965 related
    Other
    $0 + $6,174 related
    Deferred
    $0 + $25,136 related
    Nontaxable benefits
    $0 + $30,080 related
    Filer's total
    $0 + $416,210 related

  • Brandon Boyle

    DIRECTOR OF LOAN PROGRAMS

    Total calculated
    $289,107
    From this org
    $0
    From related orgs
    $264,485
    Other
    $24,622
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $224,503 related
    Bonus
    $0 + $22,644 related
    Other
    $0 + $17,338 related
    Deferred
    $0 + $20,000 related
    Nontaxable benefits
    $0 + $4,622 related
    Filer's total
    $0 + $289,107 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
THE FOLLOWING INDIVIDUALS PARTICPATE IN 457(F) PLAN: - REBECCA REGAN, CHIEF EXECUTIVE OFFICER - BRANDON BOYLE, DIRECTOR OF LOAN PROGRAMS IN 2023, SUSAN PETRIE HAD VESTED AMOUNT $161,425 AND BRANDON BOYLE HAD VESTED AMOUNT 16,538. AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN B(III).
PART 1, LINE 3:
CAPITAL LINK, A RELATED ORGANIZATION, USED THE FOLLOWING TO ESTABLISH THE COMPENSAITON OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: COMPENSATION SURVEY OR STUDY, FORM 990 OF OTHER ORGANIZATIONS, AND COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CAPITAL FUND NMTC CDE #10 LLC

    RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $12 · share of assets $5,531 · general or managing partner

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

  • CAPITAL FUND NMTC CDE #11 LLC

    RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $6 · share of assets $747 · general or managing partner

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

  • CAPITAL FUND NMTC CDE #12 LLC

    RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $8 · share of assets $12,149 · general or managing partner

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

  • CAPITAL FUND NMTC CDE #13 LLC

    RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $6 · share of assets $9,854 · general or managing partner

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

  • CAPITAL FUND NMTC CDE #14 LLC

    RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $6 · share of assets $8,775 · general or managing partner

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

  • CAPITAL FUND NMTC CDE #15 LLC

    RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $6 · share of assets $10,124 · general or managing partner

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

  • CAPITAL FUND NMTC CDE #16 LLC

    RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $10 · share of assets $1,215 · general or managing partner

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

  • CAPITAL FUND NMTC CDE #2 LLC

    RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 100% owned · share of income $10 · general or managing partner

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

  • CAPITAL FUND NMTC CDE #3 LLC

    RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 100% owned · share of income $14 · general or managing partner

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

  • CAPITAL FUND NMTC CDE #4 LLC

    RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · share of income -$1,155,609 · general or managing partner

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

  • CAPITAL FUND NMTC CDE #5 LLC

    RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $9 · share of assets $2,583 · general or managing partner

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

  • CAPITAL FUND NMTC CDE #6 LLC

    RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $6 · share of assets $4,393 · general or managing partner

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

  • CAPITAL FUND NMTC CDE #9 LLC

    RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $6 · share of assets $3,613 · general or managing partner

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

Related corporations and trusts

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

  • CAPITAL FUND NMTC CDE #7 LLC

    C · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 65% owned · share of income $129,025 · share of assets $5,076,150 · controlled entity

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

  • CAPITAL FUND NMTC CDE #8 LLC

    C · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 65% owned · share of income $85,150 · share of assets $5,533,189 · controlled entity

    Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521349349300522

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.