Borinquen Health Care Center Inc
- Assets
- $25.3m
- Revenue
- $55.0m
- Investments
- $24.7k
- Employees
- 442
- Location
- Miami, FL
- Founding
- 03/1973
- Data as of
- 01/2022
- EIN
- 59-1417397
Organization Overview
Borinquen Health Care Center Inc is located in Miami, FL. The organization was established in 1973. 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 01/2022, Borinquen Health Care Center Inc employed 442 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Borinquen Health Care 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 01/2022, Borinquen Health Care Center Inc generated $55.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $52.6m during the year ending 01/2022. While expenses have increased by 10.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BORINQUEN MEDICAL CENTERS PROVIDE A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES TO OUR CULTURALLY DIVERSE COMMUNITY IN MIAMI-DADE COUNTY.
Describe the Organization's Program Activity:
BORINQUEN HEALTH CARE CENTER OPERATES MEDICAL CENTERS IN MIAMI-DADE COUNTY SERVING PATIENTS AND UNDERSERVED POPULATIONS. THE OPERATIONS CONDUCTED INCLUDE PRIMARY CARE, PEDIATRIC CARE, AND OBSTETRICS AND GYNECOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul C Velez Chief Executive Officer | Officer | 40 | $440,369 |
Deborah Garcia Bohorquez Chief Medical Officer | Officer | 40 | $342,831 |
Michelle Soheil DDS Dental Director | 40 | $264,254 | |
Nancy Navarro Gonzalez MD Psychiatrist | 40 | $241,909 | |
Sindia Rosenay Chief Financial Officer | Officer | 40 | $237,139 |
Francisco Ricart Psychiatrist | 40 | $229,016 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gca Inc Construction | 1/30/22 | $794,104 |
Quest Diagnostics Laboratory Services | 1/30/22 | $496,066 |
Vista Security Services Internation Security Services | 1/30/22 | $365,788 |
Athena Health Ehr Services | 1/30/22 | $358,679 |
Roberto Fojo Ob/gyn Services | 1/30/22 | $209,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,554,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,343,594 |
| Noncash contributions included in lines 1a–1f | $1,299,569 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,897,912 |
| Total Program Service Revenue | $28,958,316 |
| Investment income | $23,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $137,145 |
| 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 | $55,017,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,268 |
| 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. | $1,280,923 |
| Compensation of current officers, directors, key employees. | $928,262 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,879,264 |
| Pension plan accruals and contributions | $69,477 |
| Other employee benefits | $3,221,231 |
| Payroll taxes | $1,608,607 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,248 |
| Fees for services: Accounting | $155,233 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,604,041 |
| Advertising and promotion | $38,847 |
| Office expenses | $1,619,654 |
| Information technology | $368,265 |
| Royalties | $0 |
| Occupancy | $2,109,964 |
| Travel | $77,246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,030 |
| Interest | $250,770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $905,080 |
| Insurance | $342,270 |
| All other expenses | $453,079 |
| Total functional expenses | $52,619,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,662,415 |
| Savings and temporary cash investments | $2,355,691 |
| Pledges and grants receivable | $3,293,613 |
| Accounts receivable, net | $2,073,448 |
| 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 | $91,746 |
| Net Land, buildings, and equipment | $13,631,152 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $24,717 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $212,563 |
| Total assets | $25,345,345 |
| Accounts payable and accrued expenses | $2,852,727 |
| Grants payable | $0 |
| Deferred revenue | $1,337,991 |
| 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 | $5,396,017 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,586,735 |
| Net assets without donor restrictions | $15,758,610 |
| Net assets with donor restrictions | $0 |
| 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 | $25,345,345 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Borinquen Health Care Center Inc has recieved totaling $364,882.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $261,787 |
Insulin For Life Usa Inc Gainesville, FL PURPOSE: Medical Assistance | $63,095 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcr Health Inc Bradenton, FL | $52,953,795 | $132,692,059 |
Cooperative Healthcare Services Inc Brunswick, GA | $14,369,691 | $76,135,784 |
Baptist Outpatient Services Inc Coral Gables, FL | $72,512,245 | $111,118,872 |
Columbus Ambulatory Healthcare Services Inc Columbus, GA | $18,745,132 | $56,730,449 |
Borinquen Health Care Center Inc Miami, FL | $25,345,345 | $55,017,243 |
Collier Health Services Inc Immokalee, FL | $85,865,305 | $62,719,568 |
Brevard Health Alliance Inc West Melbourne, FL | $40,519,404 | $57,510,485 |
Careconnect Health Inc Richland, GA | $64,016,478 | $69,742,586 |
St Marys Medical Group Inc Athens, GA | $9,650,726 | $33,044,302 |
Cahaba Medical Care Foundation Centreville, AL | $18,005,567 | $49,779,023 |
Florida Community Health Centers Inc West Palm Beach, FL | $36,993,376 | $44,018,992 |
Medlink Georgia Inc Colbert, GA | $35,403,477 | $50,106,041 |