La Red Health Center Inc
- Assets
- $19.3m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 190
- Location
- Georgetown, DE
- Founding
- 01/2003
- Data as of
- 12/2023
- EIN
- 14-1850828
Organization Overview
La Red Health Center Inc is located in Georgetown, DE. The organization was established in 2003. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2023, LA Red Health Center Inc employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Red Health Center 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 12/2023, LA Red Health Center Inc generated $14.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $14.2m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH CARE SERVICES TO THE MEDICALLY UNDERSERVED, UNINSURED, AND UNDER INSURED RESIDENTS OF SUSSEX COUNTY OF DELAWARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES HEALTH CARE SERVICES TO UNDERSERVED, UNDERINSURED AND UNINSURED RESIDENTS OF SUSSEX COUNTY OF DELAWARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Walker President | OfficerTrustee | 2 | $0 |
Tanya Harris Vice Preside | OfficerTrustee | 2 | $0 |
Lissette Cabrera-Galloza Treasurer | OfficerTrustee | 2 | $0 |
Michael F Mcgroerty Secretary | OfficerTrustee | 2 | $0 |
Velma Norwood Director | Trustee | 2 | $0 |
Judy Johnson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,120,585 |
| All other contributions, gifts, grants, and similar amounts not included above | $836,855 |
| Noncash contributions included in lines 1a–1f | $827,442 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,957,440 |
| Total Program Service Revenue | $5,730,314 |
| Investment income | $16,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,819,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $808,081 |
| Compensation of current officers, directors, key employees. | $115,230 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,158,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,105,300 |
| Payroll taxes | $614,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,692 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $553,502 |
| Advertising and promotion | $26,222 |
| Office expenses | $217,213 |
| Information technology | $55,528 |
| Royalties | $0 |
| Occupancy | $538,618 |
| Travel | $46,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,091 |
| Interest | $147,519 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $682,935 |
| Insurance | $108,594 |
| All other expenses | $334,896 |
| Total functional expenses | $14,221,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,429,411 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $404,858 |
| Accounts receivable, net | $4,244,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,991 |
| Net Land, buildings, and equipment | $6,955,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,214,258 |
| Total assets | $19,251,760 |
| Accounts payable and accrued expenses | $655,739 |
| Grants payable | $0 |
| Deferred revenue | $1,677,123 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,013,393 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,029,973 |
| Total liabilities | $8,376,228 |
| Net assets without donor restrictions | $8,836,038 |
| Net assets with donor restrictions | $2,039,494 |
| 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 | $19,251,760 |