COMMUNITY HEALTHCARE NETWORK FOUNDATION INC

EIN: 843909175 501(c)(3)

NEW YORK, NY

Total Revenue
$5,980,578
Total Expenses
$1,000,090
Total Assets
$39,369,462
Net Assets
$5,787,423
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
ROBERT HAYES
Phone
2125452404
Tax Period
2024-01-01 to 2024-12-31

COMMUNITY HEALTHCARE NETWORK FOUNDATION INC, founded in 2019, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2024. Revenue surged 2129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 83% operating margin.

Mission

COMMUNITY HEALTHCARE NETWORK FOUNDATION, INC. ("CHNF OR THE "FOUNDATION") WAS ORGANIZED ON DECEMBER 4, 2019, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF CHNF IS TO FACILITATE THE BORROWINGS RELATED TO A NEW MARKETS TAX CREDIT TRANSACTION TO FINANCE THE DEVELOPMENT AND CONSTRUCTION OF A HEALTH CARE FACILITY IN QUEENS, NEW YORK.

Program Service Accomplishments

Program 1
Expenses: $1,000,000

THE PURPOSE OF CHNF IS TO FACILITATE THE BORROWINGS RELATED TO A NEW MARKETS TAX CREDIT TRANSACTION TO FINANCE THE DEVELOPMENT AND CONSTRUCTION OF A HEALTH CARE FACILITY IN QUEENS, NEW YORK.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,693,576
Program Service Revenue $0
Investment Income $287,002
Other Revenue $0
TOTAL REVENUE $5,980,578

Expense Breakdown

Grants Paid $1,000,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,000,000
Other Expenses $90
TOTAL EXPENSES $1,000,090

Year-over-Year Comparison

2024 2023 Change
Revenue $5,980,578 $268,292 +21.3%
Expenses $1,000,090 $165 +6060.2%
Net Income $4,980,488 $268,127 +17.6%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
2

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$917,002
Total Directors
3
$492,216
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT HAYES PRESIDENT 0.50
Officer Director
$0 $24,762 $492,216
ELIZABETH KROB KELLNEER SECRETARY 0.50
Officer Director
$0 $0 $0
MATTHEW WEISSMAN TREASURER 0.50
Officer Director
$0 $0 $0
ALAN WENGROFSKY EXECUTIVE VP/CFO 0.50
Officer
$0 $54,502 $424,786
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,980,578 $1,000,090 $39,369,462 $4,980,488
2023 $268,292 $165 $22,794,035 $268,127
2022 $268,292 $180 $22,525,908 $268,112
2021 $195,507 $136 $22,257,796 $195,371
2020 $75,278 $210 $14,748,325 $75,068
2019 $257 No data $7,142,257 No data
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare COMMUNITY HEALTHCARE NETWORK FOUNDATION INC with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.