Hospital Damas Inc
- Assets
- $64.3m
- Revenue
- $71.9m
- Investments
- $0.0
- Employees
- 947
- Location
- Ponce, PR
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 66-0183310
Organization Overview
Hospital Damas Inc is located in Ponce, PR. The organization was established in 1997. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Hospital Damas Inc employed 947 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hospital Damas 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 12/2022, Hospital Damas Inc generated $71.9m in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $71.8m during the year ending 12/2022. 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
PROVIDE HEALTH SERVICES OF THE HIGHEST QUALITY TO OUR COMMUNITY, IN A SAFE ENVIRONMENT AND FRAMED IN A HUMAN-CHRISTIAN PHILOSOPHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT CARE - GENERAL ACUTE CARE HOSPITAL PROVIDING CRITICAL CARE, GENERAL MEDICAL AND SKILLED NURSING SERVICES. THE ORGANIZATION HAS FIVE MAJOR CLINICAL DEPARTMENTS AND PROVIDES A VARIETY OF IN-PATIENT AND OUT- PATIENT DIAGNOSTIC AND THERAPEUTIC SERVICES. FOR THE YEAR ENDED DECEMBER 31, 2022, HOSPITAL INPATIENT ADMISSIONS WERE 5,515 . PATIENT DAYS AMOUNTED TO 33,066.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pedro L Bentez Lorenzo Medical Dire | OfficerTrustee | 20 | $194,049 |
Julio Coln Rivera Finance Dire | OfficerTrustee | 40 | $98,235 |
Mara Mercedes Torres Bernal Administrato | OfficerTrustee | 40 | $81,554 |
Mariano Mcconnie Angel President | Trustee | 8 | $75,000 |
Nilda J Zapata Molina Director | Trustee | 8 | $48,000 |
Miguel Magraner Surez Director | Trustee | 8 | $48,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Janitorial Services Corp Maintenance | 12/30/22 | $1,111,262 |
Dr Pedro N Farinacci Medical Service | 12/30/22 | $889,915 |
Infomedika Inc It Services | 12/30/22 | $551,054 |
Enka Gc Inc | 12/30/22 | $849,996 |
Island Security Inc | 12/30/22 | $481,185 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,057,983 |
| Government grants | $194,769 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,252,752 |
| Total Program Service Revenue | $64,693,628 |
| Investment income | $181,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,614 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,887,197 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,796,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,542,356 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,299,816 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,713,485 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,477,600 |
| Insurance | $892,629 |
| All other expenses | $2,510,157 |
| Total functional expenses | $71,792,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,987,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,239,905 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,000,000 |
| Inventories for sale or use | $1,508,986 |
| Prepaid expenses and deferred charges | $1,896,427 |
| Net Land, buildings, and equipment | $17,016,410 |
| Investments—publicly traded securities | $11,073,184 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,612,032 |
| Total assets | $64,334,501 |
| Accounts payable and accrued expenses | $3,258,698 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $17,620,348 |
| Total liabilities | $20,879,046 |
| Net assets without donor restrictions | $43,455,455 |
| 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 | $64,334,501 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital Menonita Caguas Inc Cidra, PR | $182,286,156 | $118,868,748 |
Hospital Damas Inc Ponce, PR | $64,334,501 | $71,887,197 |
Presbyterian Community Hospital Inc San Juan, PR | $48,684,836 | $68,591,066 |
Hospital Menonita Guayama Inc Cidra, PR | $185,781,892 | $93,481,825 |
Servicios Medicos Universitarios Inc Carolina, PR | $48,189,791 | $60,009,551 |
Hospital Menonita Humacao Inc Cidra, PR | $66,744,033 | $54,296,313 |
Hospital Comunitario Buen Samaritano Inc Aguadilla, PR | $30,794,389 | $32,589,797 |
Corporacion De Salud Asegurada Por Nuestra Organizacion Solidaria Inc Caguas, PR | $9,387,050 | $34,137,748 |
Prymed Medical Care Inc Ciales, PR | $34,845,400 | $33,859,514 |
Asociacion Hospital Del Maestro Inc San Juan, PR | $4,911,537 | $19,921,107 |
Corporacion De Servicios De Salud Y Desarrollo Socioeconomico El Otoao Utuado, PR | $331,196 | $506,748 |
Cbv Management Manati, PR | $146,619 | $0 |