Nonprofit · EIN 93-4401335
VGMHC HOLDINGS INC
Tax-exempt · ALOHA, OR 97007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $694,082 | $59,013 | $635,069 | $27,705,078 | $22,558,528 | $5,146,550 |
| March 31, 2024 | 990 | $4,518,858 | $7,377 | $4,511,481 | $28,214,483 | $23,703,002 | $4,511,481 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $694,082
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $59,013
- Management and general (functional)
- $59,013
Balance sheet and other
- Total assets, start of year
- $28,214,483
- Total assets, end of year
- $27,705,078
- Total liabilities, end of year
- $22,558,528
- Net assets, end of year
- $5,146,550
- Land, buildings and equipment
- $24,203,722
- Net assets without donor restrictions
- $5,146,550
- Gross receipts
- $694,082
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2023
- State of legal domicile
- OR
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GIL MUNOZ | CHAIR Trustee or director, Officer | 1 | $0 | $293,806 | $37,141 |
| ARACELI GAYTAN | TREASURER Trustee or director, Officer | 1 | $0 | $250,171 | $27,929 |
| AMY PROSENJAK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GREG VAN PELT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JIM ZALESKI | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended March 31, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GIL MUNOZ | CHAIR Trustee or director, Officer | 1 | $0 | $259,082 | $37,585 |
| ARACELI GAYTAN | TREASURER Trustee or director, Officer | 1 | $0 | $246,024 | $28,720 |
| AMY PROSENJAK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GREG VAN PELT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JIM ZALESKI | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6149, ALOHA, OR 97007-0149
- Principal officer (990 for 2024)
- ARACELI GAYTAN, PO BOX 6149, ALOHA, OR 970070149
- Signed the 990
- ARACELI GAYTAN, TREASURER
- Phone
- (503) 359-8508
- Website
- WWW.VIRGINIAGARCIA.ORG
- Return prepared by
- APRIO ADVISORY GROUP LLC
Mission
VGMHC HOLDINGS, INC. (HOLDINGS) WAS FORMED IN 2024 AS A PUBLIC BENEFIT CORPORATION TO EXCLUSIVELY BENEFIT THE CENTER. HOLDINGS WAS ESTABLISHED AS PART OF A NEW MARKETS TAX CREDIT (NMTC) TRANSACTION FOR THE CENTER'S NEWBERGWELLNESS CENTER PROJECT. THE NMTC PROGRAM IS A FEDERAL SUBSIDY PROGRAM FOR ECONOMIC DEVELOPMENT OF DEPRESSED AREAS. THE NMTC PROGRAM IS DESIGNED TO STIMULATE THE FLOW OF INVESTMENT CAPITAL INTO UNDERSERVED AREAS BY PROVIDING TAX CREDIT INVESTMENT IN A "LOW INCOME COMMUNITY," WHICH IS CLAIMED OVER A SEVEN YEAR CREDIT COMPLIANCE PERIOD. ON FEBRUARY 8, 2024, THE CENTER CLOSED A NMTC TRANSACTION OF APPROXIMATELY $25.2 MILLION TO DEVELOP ITS NEWBERG WELLNESS CENTER.
Program accomplishments
- DURING FYE 2024, HOLDINGS WAS ESTABLISHED AS PART OF A NEW MARKETS TAX CREDIT (NMTC) TRANSACTION FOR VIRGINIA GARICA MEMORIAL HEALTH CENTER'S NEWBERG WELLNESS CENTER PROJECT. DURING FYE 2025, THE NEWBERG WELLNESS CENTER PROJECT WAS COMPLETED AND THE NEW CENTER WAS OPENED.
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 93-4401335
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2024
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E11)
- Assets (IRS master file)
- $27,705,078
- Income (IRS master file)
- $694,082
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $694,082 | $59,013 | $27,705,078 | XML |
| 990 | March 2024 | $4,518,858 | $7,377 | $28,214,483 | XML |
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 93-4401335).
Questions about VGMHC HOLDINGS INC
- What is the EIN of VGMHC HOLDINGS INC?
- The employer identification number (EIN) of VGMHC HOLDINGS INC is 93-4401335.
- Is VGMHC HOLDINGS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to VGMHC HOLDINGS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does VGMHC HOLDINGS INC 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 VGMHC HOLDINGS INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VGMHC HOLDINGS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of VGMHC HOLDINGS INC?
- The 990 for the year ended March 31, 2025 names ARACELI GAYTAN.
- Who are the officers and directors of VGMHC HOLDINGS INC?
- The 990 for the year ended March 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does VGMHC HOLDINGS INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $694,082, expenses of $59,013 and total assets of $27,705,078 at year end.
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