vb medical holdings
vb medical holdings
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About this organization
Revenue
$10,517
Expenses
$13,885
Mission
During 2014 tax year vb medical hlds sold its 49% interest in a jv which operated 2 hospitals & other healthcare services. The organization is in the process of winding down.
About
VB Medical Holdings preserves the assets generated from the sale of the health system in accordance with contractual provisions, in furtherance of its exempt purpose to improve the health of the community.
Interesting data from their 2020 990 filing
In the filing, the mission of the non-profit is noted as “Faith-based regional health system focused on improving the lives of the people it serves by providing high quality health care and medical education throughout south texas.”.
When referring to its responsibilities, they were outlined as: “During 2014 tax year vb medical hlds sold its 49% interest in a jv which operated 2 hospitals & other healthcare services. the organization is in the process of winding down.”.
- The state in which the non-profit is legally registered to operate is TX, as per legal records.
- The filing documents the non-profit's address in 2020 as 1267 North Stuart Place Road, Harlingen, TX, 78552.
- According to the non-profit's form, they have 0 employees on their payroll as of 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is less than $100,000.
- Revenue less expenses is -$3,368.
- The CEO compensation strategy within the organization is not based on a review and approval from an impartial entity.
- The organization elects its board members.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 3 independent voting members.
- The organization was formed in 2004.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule O.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.