Nonprofit · EIN 45-4014553
VITAL HEALTHCARE CAPITAL
Tax-exempt · NEW YORK, NY 10004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,465,421 | $2,032,377 | $1,433,044 | $33,351,274 | $11,942,499 | $21,408,775 |
| December 31, 2023 | 990 | $3,554,175 | $1,548,869 | $2,005,306 | $34,039,036 | $14,063,305 | $19,975,731 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,964,729
- of which government grants
- $1,396,660
- Program service revenue
- $1,483,794
- Investment income
- $16,898
- Net gain from sales of assets
- -$2,275
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $324,428
- Other salaries and wages
- $392,046
- Salaries, compensation and benefits (total)
- $856,926
- Professional fundraising fees
- $0
- Legal fees
- $3,785
- Occupancy
- $31,053
- Travel
- $7,297
- Depreciation
- $1,813
- Program services (functional)
- $1,645,785
- Management and general (functional)
- $342,200
- Fundraising (functional)
- $44,392
Balance sheet and other
- Total assets, start of year
- $34,039,036
- Total assets, end of year
- $33,351,274
- Total liabilities, end of year
- $11,942,499
- Net assets, end of year
- $21,408,775
- Publicly traded securities
- $186,500
- Net assets without donor restrictions
- $21,408,775
- Gross receipts
- $3,688,796
- Employees
- 6
- Volunteers
- 7
- Year formed
- 2011
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE WEINGARTEN | CHIEF EXECUTIVE OFFICER Officer | 40 | $204,391 | $27,333 |
| ALDEA COLEMAN | DIRECTOR OF PARTNERSHIPS Highest-paid employee | 40 | $138,836 | $53,918 |
| ABENA NYAMEKYE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CINDY WILLARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DEBORAH BACHRACH | SECRETARY (OUTGOING) Trustee or director, Officer | 2 | $0 | $0 |
| FRANCES PADILLA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HOWARD RIFKIN | CHAIRMAN OF THE BOARD Trustee or director, Officer | 2 | $0 | $0 |
| LOUIS GIRAUDO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARTIN EAKES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS CHABOLLA | TREASURY Trustee or director, Officer | 2 | $0 | $0 |
| MATHEW RUBIN | CONTRACTED CHIEF FIN. OFFICER Officer | 8 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE WEINGARTEN | CHIEF EXECUTIVE OFFICER Officer | 40 | $201,602 | $28,622 |
| ALDEA COLEMAN | DIRECTOR OF PARTNERSHIPS & ADVOCACY Highest-paid employee | 40 | $134,802 | $41,067 |
| ABBEY NYAMEKYE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CINDY WILLARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DEBORAH BACHRACH | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| FRANCES PADILLA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HOWARD RIFKIN | CHAIRMAN OF THE BOARD Trustee or director, Officer | 2 | $0 | $0 |
| LOUIS GIRAUDO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARTIN EAKES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TOM CHABOLLA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATHEW RUBIN | CONTRACTED CHIEF FIN. OFFICER Officer | 8 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 85 BROAD STREET 18TH FLOOR, NEW YORK, NY 10004-2783
- Principal officer (990 for 2024)
- STEVEN WEINGARTEN, 85 BROAD STREET 18TH FLOOR, NEW YORK, NY 10004
- Signed the 990
- MATHEW RUBIN, CFO
- Phone
- (212) 586-2821
- Website
- WWW.VITALCAP.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
V-CAP WAS ORGANIZED TO PROVIDE FLEXIBLE FINANCING AND TARGETED DEVELOPMENT SERVICES TO CATALYZE QUALITY CARE AND GOOD HEALTHCARE JOBS IN LOW-INCOME COMMUNITIES.
Program accomplishments
- 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.Expenses $1,645,785 · revenue $1,483,794
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4014553
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E99)
- Assets (IRS master file)
- $33,351,274
- Income (IRS master file)
- $3,688,796
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,465,421 | $2,032,377 | $33,351,274 | XML |
| 990 | December 2023 | $3,554,175 | $1,548,869 | $34,039,036 | XML |
| 990 | December 2022 | $2,358,119 | $1,232,406 | $23,224,054 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-4014553).
Questions about VITAL HEALTHCARE CAPITAL
- What is the EIN of VITAL HEALTHCARE CAPITAL?
- The employer identification number (EIN) of VITAL HEALTHCARE CAPITAL is 45-4014553.
- Is VITAL HEALTHCARE CAPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to VITAL HEALTHCARE CAPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VITAL HEALTHCARE CAPITAL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VITAL HEALTHCARE CAPITAL due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VITAL HEALTHCARE CAPITAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VITAL HEALTHCARE CAPITAL?
- The 990 for the year ended December 31, 2024 names STEVEN WEINGARTEN.
- Who are the officers and directors of VITAL HEALTHCARE CAPITAL?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $204,391 (STEVE WEINGARTEN, CHIEF EXECUTIVE OFFICER).
- How much revenue does VITAL HEALTHCARE CAPITAL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,465,421, expenses of $2,032,377 and total assets of $33,351,274 at year end.
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