The Providence Community Health Centers Inc
- Assets
- $92.2m
- Revenue
- $88.7m
- Investments
- $0.0
- Employees
- 744
- Location
- Providence, RI
- Founding
- 10/1978
- Data as of
- 12/2021
- EIN
- 05-0368134
Organization Overview
The Providence Community Health Centers Inc is located in Providence, RI. The organization was established in 1978. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2021, Providence Community Health Centers Inc employed 744 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Community Health Centers Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Providence Community Health Centers Inc generated $88.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $85.0m during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE NEIGHBORHOOD-BASED HIGH QUALITY AND ACCESSIBLE PRIMARY MEDICAL CARE TO IMPROVE THE HEALTH STATUS OF THE RESIDENTS OF PROVIDENCE AND SURROUNDING COMMUNITIES REGARDLESS OF THEIR ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT SERVICEPROVISION OF PRIMARY HEALTH CARE TO RESIDENTS IN PROVIDENCE ALSO PROVIDING SPECIALIZED CARE AT 10 SITES IN PROVIDENCE. IN FY21, WE SERVED OVER 59,400 PATIENTS WITH OVER 276,300 PATIENT VISITS.
DENTALPCHC DENTAL OFFERS COMPREHENSIVE DENTAL CARE INCLUDING: EXAMINATIONS, RADIOGRAPHS, CLEANINGS, FLUORIDE TREATMENTS, SEALANTS, FILLINGS AND EXTRACTIONS. PCHC DENTAL CLINIC PROVIDES DENTAL SERVICES TO CHILDREN UNDER THE AGE OF 19 AND PREGNANT WOMEN; ADULT SERVICES INCLUDE PREVENTATIVE AND RESTORATIVE TREATMENTS. IN FY21, WE SERVED 9,200 PATIENTS WITH 18,800 PATIENT VISITS.
PHARMACY - 340B340B PROGRAM IS ESSENTIAL TO HELPING PROVIDERS STRETCH LIMITED RESOURCES TO BETTER SERVE VULNERABLE COMMUNITIES AND TO MANAGE RISING PRESCRIPTION DRUG COSTS. 340B CONTRACTS WITH WALMART, CVS, WALGREENS, AND OTHER LOCAL PHARMACIES TO PROVIDE PRESCRIPTIONS AT REDUCED PRICING TO PCHC PATIENTS. IN FY21 THERE WERE 43,395 PATIENTS UTILIZING CONTRACT PHARMACY AND 325,458 PRESCRIPTIONS SENT TO CONTRACT PHARMACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merrill R Thomas CEO | Officer | 40 | $518,168 |
Dilek Cermik Md Ob/gyn | 40 | $413,097 | |
Andrew D Saal VP And Cmo | Officer | 40 | $397,828 |
Kimberly A O'connell VP & Cto | Officer | 40 | $330,011 |
Altug Koymen Md Ob/gyn | 40 | $314,156 | |
Emily White Md Ob/gyn | 40 | $304,765 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New England Construction Construction Contractor | 12/30/21 | $3,705,172 |
Case Construction Co Construction Contractor | 12/30/21 | $2,086,236 |
The Greysmith Companies Employment Agency | 12/30/21 | $659,012 |
Jvt Advisors Recruitment Agency | 12/30/21 | $475,115 |
Ribi Security Security Agency | 12/30/21 | $466,355 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $82,655 |
| Related organizations | $0 |
| Government grants | $8,374,090 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,349,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,806,369 |
| Total Program Service Revenue | $69,917,001 |
| Investment income | $340,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $155,703 |
| Net Income from Fundraising Events | -$50,896 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,659,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,885,218 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,624,683 |
| Compensation of current officers, directors, key employees. | $2,624,683 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,871,849 |
| Pension plan accruals and contributions | $1,739,126 |
| Other employee benefits | $7,214,296 |
| Payroll taxes | $3,053,117 |
| Fees for services: Management | $36,000 |
| Fees for services: Legal | $258,365 |
| Fees for services: Accounting | $138,086 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,170,420 |
| Advertising and promotion | $13,905 |
| Office expenses | $681,004 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,450,446 |
| Travel | $203,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $847,071 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,003,799 |
| Insurance | $679,982 |
| All other expenses | $1,687,242 |
| Total functional expenses | $85,033,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,931,757 |
| Savings and temporary cash investments | $351,066 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,938,647 |
| Loans from Officers, Directors, or Controlling Persons | $1,937,370 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,999,583 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $667,122 |
| Net Land, buildings, and equipment | $39,756,555 |
| Investments—publicly traded securities | $11,197,512 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,434,351 |
| Total assets | $92,213,963 |
| Accounts payable and accrued expenses | $6,586,575 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $8,576,685 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,840,007 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,020,302 |
| Total liabilities | $35,023,569 |
| Net assets without donor restrictions | $56,263,367 |
| Net assets with donor restrictions | $927,027 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $92,213,963 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Providence Community Health Centers Inc has recieved totaling $555,917.
| Awarding Organization | Amount |
|---|---|
Fidelity Foundation Boston, MA PURPOSE: CONSTRUCTION | $400,000 |
Fidelity Foundation Boston, MA PURPOSE: OPERATING SUPPORT | $75,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: AS MOST NEEDED; RI NONPROFIT SUPPORT FUND II APPLICATION: SCREENERS AT HEALTH CENTERS; GENERAL OPERATING | $53,317 |
Commonwealth Care Alliance Inc Boston, MA PURPOSE: HOST SPONSORSHIP | $27,000 |
Gertrude N Goldowsky And Seebert J Goldowsky Foundation Providence, RI PURPOSE: CHARITABLE PROGRAMS | $500 |
Fidelity Foundation Boston, MA PURPOSE: COVID-19 PROGRAM | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Center Incorporated Middletown, CT | $117,152,380 | $210,162,955 |
East Boston Neighborhood Health Center Corp East Boston, MA | $122,342,162 | $171,450,550 |
Riverbend Medical Group Inc Hartford, CT | $29,434,507 | $79,136,348 |
The Providence Community Health Centers Inc Providence, RI | $92,213,963 | $88,659,107 |
Signature Healthcare Medical Group Inc Brockton, MA | $35,048,796 | $73,463,169 |
Harbor Health Services Inc Mattapan, MA | $64,061,825 | $83,480,728 |
Greater Lawrence Family Health Center Inc Methuen, MA | $53,771,821 | $80,885,581 |
Cornell Scott Hill Health Corporation New Haven, CT | $53,591,940 | $82,156,450 |
Lynn Community Health Inc Lynn, MA | $37,031,099 | $77,579,888 |
Brockton Neighborhood Health Center Inc Brockton, MA | $39,658,697 | $59,119,729 |
Lowell Community Health Center Inc Lowell, MA | $88,154,778 | $59,766,224 |
Mhs Primary Care Inc Middletown, CT | $15,353,098 | $33,843,223 |