Esperanza Health Center Inc
- Assets
- $40.8m
- Revenue
- $24.6m
- Investments
- $0.0
- Employees
- 283
- Location
- Philadelphia, PA
- Founding
- 10/1988
- Data as of
- 06/2022
- EIN
- 23-2480701
Organization Overview
Esperanza Health Center Inc is located in Philadelphia, PA. The organization was established in 1988. 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 06/2022, Esperanza Health Center Inc employed 283 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Esperanza 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 06/2022, Esperanza Health Center Inc generated $24.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $18.4m during the year ending 06/2022. While expenses have increased by 1.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESPERANZA HEALTH CENTER OPERATES THREE HEALTHCARE SITES IN NORTH PHILADELPHIA, PA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE OUR FOUNDING IN 1989, ESPERANZA HAS BEEN COMMITTED TO PROVIDING ACCESS TO AFFORDABLE, HIGH-QUALITY BILINGUAL HEALTH CARE AND WELLNESS SERVICES AS WE PURSUE HEALTH WITH OUR PATIENTS AND OUR COMMUNITY. OUR THREE HEALTH CENTER SITES IN NORTH PHILADELPHIA (FIFTH STREET, HUNTING PARK, AND KENSINGTON) ARE CONVENIENTLY LOCATED FOR EASY ACCESS. SERVICES INCLUDE PRIMARY MEDICAL CARE FOR ADULTS AND CHILDREN, DENTAL CARE, PRENATAL CARE, BEHAVIORAL HEALTH SERVICES, ON-SITE MEDICATION DISPENSARIES, SOCIAL SERVICES ASSISTANCE, AND OTHER SERVICES. COMMUNITY HEALTH AND WELLNESS PROGRAMS ARE OPEN TO ALL RESIDENTS. ESPERANZA HEALTH CENTER IS RECOGNIZED AS A FEDERALLY QUALIFIED HEALTH CENTER (FQHC) BY THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, HEALTH RESOURCES AND SERVICES ADMINISTRATION, BUREAU OF PRIMARY HEALTH CARE. DURING THE CALENDAR YEAR 2021, EHC DELIVERED PRIMARY CARE SERVICES TO MORE THAN 15,900 PATIENTS. THESE PATIENTS ACCOUNTED FOR 52,195 MEDICAL VISITS IN FAMILY PRACTICE, INTERNAL MEDICINE, PEDIATRICS, OBSTETRICS/GYNECOLOGY, AND ORTHOPEDICS. IN ADDITION, THERE WERE 7,936 BEHAVIORAL HEALTH VISITS, 7,473 DENTAL VISITS, AND 1,304 ENABLING SERVICES VISITS. APPROXIMATELY 55% OF PATIENT SERVICES REVENUE WAS REIMBURSED THROUGH MEDICAID INSURANCE COVERAGE, 9% BY MEDICARE, 5% BY PRIVATE/COMMERCIAL INSURANCE AND SELF-PAY FROM PATIENTS WHO HAVE NEITHER PUBLIC NOR PRIVATE INSURANCE COVERAGE, AND 30% FROM 340B MEDICATION DISPENSARY. ALL OF EHC'S PATIENTS WITHOUT INSURANCE COVERAGE ARE ELIGIBLE FOR A DISCOUNT FOR THE PATIENT'S SHARE OF FINANCIAL RESPONSIBILITY, AS DEFINED BY EHC'S SLIDING FEE DISCOUNT SCALE. THIS SCALE, WHICH IS BASED ON THE PATIENT'S FAMILY SIZE/DEMONSTRATED HOUSEHOLD INCOME, IS ADJUSTED ANNUALLY TO REFLECT THE MOST CURRENT FEDERAL POVERTY GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shana Kline President | OfficerTrustee | 1 | $0 |
Roberto Vargas Vice President | OfficerTrustee | 2 | $0 |
Stephanie Stanford Secretary | OfficerTrustee | 1 | $0 |
Alan Popoli Treasurer | OfficerTrustee | 1 | $0 |
Kevin Foy Trustee | Trustee | 1 | $0 |
Lara Lahr RN Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baker Tilly Accounting Services | 6/29/22 | $134,420 |
Robert Half Contracted Accounting Services | 6/29/22 | $142,876 |
Virence Health Technologies It Services | 6/29/22 | $252,207 |
Lab Corporation Clinical Laboratory Services | 6/29/22 | $109,564 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,731,191 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,252,163 |
| Noncash contributions included in lines 1a–1f | $457,478 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,983,354 |
| Total Program Service Revenue | $12,209,568 |
| Investment income | $303,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,182 |
| 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 | $2,070,118 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,631,361 |
| 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. | $697,123 |
| Compensation of current officers, directors, key employees. | $562,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,754,707 |
| Pension plan accruals and contributions | $463,061 |
| Other employee benefits | $1,429,352 |
| Payroll taxes | $913,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,851 |
| Fees for services: Accounting | $247,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $507,173 |
| Advertising and promotion | $4,391 |
| Office expenses | $331,275 |
| Information technology | $535,300 |
| Royalties | $0 |
| Occupancy | $599,533 |
| Travel | $61,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,549 |
| Interest | $4,462 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $413,074 |
| Insurance | $86,872 |
| All other expenses | $77,215 |
| Total functional expenses | $18,445,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,219,273 |
| Savings and temporary cash investments | $5,748,853 |
| Pledges and grants receivable | $107,184 |
| Accounts receivable, net | $1,313,649 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,796,700 |
| Inventories for sale or use | $74,287 |
| Prepaid expenses and deferred charges | $269,516 |
| Net Land, buildings, and equipment | $6,093,117 |
| Investments—publicly traded securities | $4,126,798 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,340 |
| Total assets | $40,761,717 |
| Accounts payable and accrued expenses | $1,866,320 |
| Grants payable | $0 |
| Deferred revenue | $380,807 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,247,127 |
| Net assets without donor restrictions | $38,207,368 |
| Net assets with donor restrictions | $307,222 |
| 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 | $40,761,717 |