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 · Schedule J · 2 reported individuals · Filing year 2023
| Position | Total |
|---|---|
Chair board chair | $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.
What Health Care executives earn in Oregon
Comparable health care organizations in Oregon pay their highest-earning executive a median of $83,728.
These are health care sector-wide figures, not this organization's reported pay. Based on 64 organizations across 64 filings (2022 – 2023).
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