IRS 990 Nonprofit Profile
Vgmhc Holdings INC
Vgmhc holdings, inc. (holdings) was formed in 2024 as a public benefit corporation to exclusively benefit the virginia garcia memorial health center (the center). holdings was established as part of a new markets tax credit (nmtc) transaction for the center's newberg wellness 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.
- Filing year
- 2024
- Total revenue
- $694K
- Total expenses
- $59K
- Program expenses
- $0
- Administration
- $59K
- Fundraising
- $0
- Program share of expenses
- 0%
- EIN
- 934401335
- Location
- Aloha, OR
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Financial data on this page is sourced from IRS Form 990 filings.