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.
Executive compensation
Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Health Care organizations nationwide.
| Position | Total |
|---|---|
Chair Board Chair 25th percentile to median | $38k $41k |
Treasurer Officer (Unspecified) | $29k $31k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 3 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at VGMHC HOLDINGS INC equaled 509% of the organization's total expenses. The median for health care organizations is 4%.
Based on 13,830 health care organizations, each measured at its most recent filing year with reported expenses and compensation.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about VGMHC HOLDINGS INC
What does the Board Chair of VGMHC HOLDINGS INC earn?
In 2023, the Board Chair of VGMHC HOLDINGS INC received $37,585 in total compensation. This pay is below the median (the midpoint) for Board Chair roles among Health Care organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Board Chair pay at VGMHC HOLDINGS INC compare with similar nonprofits?
Compared with the same role at Health Care organizations nationwide, the 2023 pay of the Board Chair at VGMHC HOLDINGS INC falls between the 25th percentile and the median. In 2023, the highest total compensation at VGMHC HOLDINGS INC equaled 509% of the organization's total expenses. The median for health care organizations is 4%.
What are VGMHC HOLDINGS INC's revenue and expenses?
In 2023, VGMHC HOLDINGS INC reported $4.5M in total revenue and $7k in total expenses on its IRS Form 990.
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