2024-11-08T10:04:26-06:00 2023-12-31 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2023-01-01 454014553 VITAL HEALTHCARE CAPITAL VITA 2125862821 85 BROAD STREET 18TH FLOOR NEW YORK NY 10004 MATHEW RUBIN CFO 2125862821 2024-11-06 1 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2024-11-06 2023 2024-10-15 13:58:12Z STEVEN WEINGARTEN 85 BROAD STREET 18TH FLOOR NEW YORK NY 10004 3554175 0 X WWW.VITALCAP.ORG X 2011 DC 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. 7 7 9 8 0 0 1915769 2782627 435155 713378 7195 58170 0 0 2358119 3554175 0 0 0 0 587769 798294 0 0 32847 644637 750575 1232406 1548869 1125713 2005306 23224054 34039036 5637656 14063305 17586398 19975731 V-CAP WAS ORGANIZED TO PROVIDE FLEXIBLE FINANCING AND TARGETED DEVELOPMENT SERVICES TO CATALYZE QUALITY CARE AND GOOD HEALTHCARE JOBS IN LOW-INCOME COMMUNITIES. 0 0 1150963 713378 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. 1150963 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X MATHEW RUBIN CONTRACTED CFO 2122862521 85 BROAD STREET 18TH FLOOR NEW YORK NY 10004 ABBEY NYAMEKYE DIRECTOR 2.00 X 0 0 0 CINDY WILLARD DIRECTOR 2.00 X 0 0 0 DEBORAH BACHRACH SECRETARY 2.00 X X 0 0 0 FRANCES PADILLA DIRECTOR 2.00 X 0 0 0 HOWARD RIFKIN CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 LOUIS GIRAUDO DIRECTOR 2.00 X 0 0 0 MARTIN EAKES DIRECTOR 2.00 X 0 0 0 TOM CHABOLLA DIRECTOR 2.00 X 0 0 0 MATHEW RUBIN CONTRACTED CHIEF FIN. OFFICER 8.00 X 0 0 0 STEVE WEINGARTEN CHIEF EXECUTIVE OFFICER 40.00 X 201602 0 28622 ALDEA COLEMAN DIRECTOR OF PARTNERSHIPS & ADVOCACY 40.00 X 134802 0 41067 336404 0 69689 2 0 1 0 0 2500000 282627 2782627 LOAN INTEREST INCOME 522100 656109 656109 LOAN TRANSACTION FEES 900099 57269 57269 713378 58170 58170 3554175 713378 0 58170 X 417479 348412 46045 23022 303489 281289 21932 268 21148 20023 1111 14 8791 4159 3964 668 47387 41264 4610 1513 13949 13949 344729 123481 215711 5537 15836 11273 4057 506 34668 29205 4356 1107 6652 4736 1704 212 87427 87427 71971 71971 41136 41136 LOAN LOSS RECOVERY PROV 92711 92711 LOAN SERVICING FEES 35012 35012 BOARD EXPENSES 6484 6484 1548869 1150963 365059 32847 5000000 8506047 11193296 12413984 17348821 25002 29705 2070921 332007 208100 135207 23224054 34039036 55649 70159 65455 8187 5232788 12411202 283764 1573757 5637656 14063305 X 17586398 19975731 17586398 19975731 23224054 34039036 X 2005306 -7994 392021 X X 0 1 X 1 0 X 712255 953318 1915769 2782627 6363969 712255 953318 1915769 2782627 6363969 608840 5755129 182162 37957 4553 7195 58170 290037 6654006 2833637 0.86490 0.39790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 BORROWER'S RESERVE PAYABLE 3 REFUNDABLE ADVANCE 1573754 1573757 X 3546181 -7994 -7994 3554175 0 3554175 1548869 0 1548869 0 1548869 PART X, LINE 2: V-CAP BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022 IN ACCORDANCE WITH ASC TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. X X 0 0 0 0 0 0 0 0 0 STEVE WEINGARTEN CHIEF EXECUTIVE OFFICER 201206 0 0 0 396 0 10213 0 18409 0 230224 0 0 0 ALDEA COLEMAN DIRECTOR OF PARTNERSHIPS & ADVOCACY 134712 0 0 0 90 0 7187 0 33880 0 175869 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATD CONTROL OVER MANAGEMENT DUTIES TO CAREY LLC. THE ORGANIZATION COMPENSATED CAREY LLC $116,166 FOR MATHEW RUBIN'S CONTRACTED CFO SERVICES. FORM 990, PART VI, SECTION A, LINE 8B MINUTES AREN'T REQUIRED AS THE COMMITTEES DO NOT ACT ON BEHALF OF BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT, REVIEWED AND APPROVED BY THE AUDIT COMMITTEE AND DISTRIBUTED TO THE BOARD OF DIRECTORS, AS A WHOLE, FOR THEIR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ANNUAL CONFLICT OF INTEREST POLICY IS MONITORED BY DISCUSSION EACH YEAR WITH THE RESPECTIVE BOARD MEMBERS AND MANAGEMENT AND BY OBTAINING ANNUAL SIGNED STATEMENTS FROM EACH SUCH INDIVIDUAL REGARDING THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS: THE BOARD OF DIRECTORS SETS THE COMPENSATION OF THE OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 123,481. MANAGEMENT AND GENERAL EXPENSES 215,711. FUNDRAISING EXPENSES 5,537. TOTAL EXPENSES 344,729. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT ADJUSTMENT FOR CECL ADOPTION 392,021. FORM 990, PART XII, LINE 2C THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.