Borinquen Health Care Center Inc
- Assets
- $39.8m
- Revenue
- $67.6m
- Investments
- $20.9k
- Employees
- 465
- Location
- Miami, FL
- Founding
- 03/1973
- Data as of
- 01/2024
- 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 01/2024, Borinquen Health Care Center Inc employed 465 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 01/2024, Borinquen Health Care Center Inc generated $67.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $59.6m during the year ending 01/2024. While expenses have increased by 9.8% 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
2024
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. OUR QUALITY SERVICES ARE ACCESSIBLE TO ALL PEOPLE THROUGHOUT THE AREA THROUGH A MULTI-DISCIPLINE APPROACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BORINQUEN HEALTH CARE CENTER OPERATES MEDICAL CENTERS IN MIAMI-DADECOUNTY SERVING PATIENTS AND UNDERSERVED POPULATIONS. THE OPERATIONSCONDUCTED INCLUDE PRIMARY CARE, PEDIATRIC CARE, DENTAL CARE, OBSTETRICS ANDGYNECOLOGY CARE, AND BEHAVIORAL AND SPECIALTY HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eva Perez Chairperson Of The Board | Trustee | 3 | $0 |
Ivette Velez Vice Chairperson | Trustee | 3 | $0 |
Marie Astride Bobo Board Member | Trustee | 3 | $0 |
Margaret Laforest Rn Secretary | Trustee | 3 | $0 |
Nestor Chardon Board Member | Trustee | 3 | $0 |
Luis DE Rosa Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quest Diagnostics Laboratory Services | 1/30/24 | $653,771 |
Athena Health Ehr Services | 1/30/24 | $395,774 |
Vista Security Service International Security Services | 1/30/24 | $397,023 |
Jorge A Duarte Pa Law Services | 1/30/24 | $366,575 |
Soouth Florida Obgyn Medical Services | 1/30/24 | $212,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,710,909 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,899,767 |
| Noncash contributions included in lines 1a–1f | $24,642 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,610,676 |
| Total Program Service Revenue | $36,351,311 |
| Investment income | $223,303 |
| Tax Exempt Bond Proceeds | $1,643 |
| Royalties | $0 |
| Net Rental Income | $418,603 |
| 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 | $67,605,536 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,350 |
| 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. | $3,916,859 |
| Compensation of current officers, directors, key employees. | $795,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,365,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,571,684 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $452,616 |
| Fees for services: Accounting | $156,918 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,960,433 |
| Advertising and promotion | $53,100 |
| Office expenses | $3,580,792 |
| Information technology | $514,929 |
| Royalties | $0 |
| Occupancy | $1,246,194 |
| Travel | $80,633 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $181,096 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,325,014 |
| Insurance | $437,372 |
| All other expenses | $0 |
| Total functional expenses | $59,566,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,292,663 |
| Savings and temporary cash investments | $4,095,071 |
| Pledges and grants receivable | $3,708,687 |
| Accounts receivable, net | $3,382,772 |
| 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 | $1,130,309 |
| Net Land, buildings, and equipment | $13,810,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,854 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,357,647 |
| Total assets | $39,798,606 |
| Accounts payable and accrued expenses | $3,712,869 |
| Grants payable | $0 |
| Deferred revenue | $904,376 |
| 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 | $4,808,005 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,129,434 |
| Total liabilities | $12,554,684 |
| Net assets without donor restrictions | $27,243,922 |
| 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 | $39,798,606 |