Hospital Damas Inc
- Assets
- $56.2m
- Revenue
- $73.4m
- Investments
- $0.0
- Employees
- 795
- Location
- Ponce, PR
- Founding
- 01/1997
- Data as of
- 12/2021
- 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 12/2021, Hospital Damas Inc employed 795 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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, 2021, HOSPITAL INPATIENT ADMISSIONS WERE 5,680. PATIENT DAYS AMOUNTED TO 32,485.
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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 | $97,211 |
Mara Mercedes Torres Bernal Administrato | OfficerTrustee | 40 | $88,695 |
Mariano Mcconnie Angel President | Trustee | 8 | $75,000 |
Miguel Magraner Surez Director | Trustee | 8 | $48,000 |
Nilda J Zapata Molina Director | Trustee | 8 | $30,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Janitorial Services Corp Maintenance | 12/30/21 | $922,434 |
Dr Pedro N Farinacci Medical Service | 12/30/21 | $881,815 |
Ciracet Consulting | 12/30/21 | $486,100 |
Infomedika Inc It Services | 12/30/21 | $720,625 |
Serralles Construction Corp Construction | 12/30/21 | $715,283 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,896,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,896,463 |
| Total Program Service Revenue | $64,259,716 |
| Investment income | $91,609 |
| 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 | $73,414,103 |
| 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 | $20,607,412 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,419,939 |
| 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 | $8,591,288 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,577,244 |
| 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 | $3,372,256 |
| Insurance | $784,350 |
| All other expenses | $2,639,519 |
| Total functional expenses | $68,398,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,226,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,059,093 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,000,000 |
| Inventories for sale or use | $1,783,099 |
| Prepaid expenses and deferred charges | $1,141,082 |
| Net Land, buildings, and equipment | $15,742,074 |
| Investments—publicly traded securities | $9,334,874 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $957,799 |
| Total assets | $56,244,610 |
| Accounts payable and accrued expenses | $2,550,400 |
| Grants payable | $0 |
| Deferred revenue | $46,736 |
| 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 | $8,864,585 |
| Total liabilities | $11,461,721 |
| Net assets without donor restrictions | $44,782,889 |
| 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 | $56,244,610 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital Damas Inc Ponce, PR | $56,244,610 | $73,414,103 |
Presbyterian Community Hospital Inc San Juan, PR | $49,406,530 | $70,919,559 |
Servicios Medicos Universitarios Inc Carolina, PR | $58,931,826 | $67,665,050 |
Hospital Comunitario Buen Samaritano Inc Aguadilla, PR | $31,760,434 | $38,349,511 |
Corporacion De Salud Asegurada Por Nuestra Organizacion Solidaria Inc Caguas, PR | $6,489,197 | $29,161,147 |
Prymed Medical Care Inc Ciales, PR | $28,191,728 | $26,524,539 |
Cbv Management Manati, PR | $271,560 | $1,095,819 |
Corp De Servicios De Salud Y Desarrollo Socioeconomico Del Otoa Florida, PR | $250,954 | $206,899 |
Centro Ambulatorio De Desintoxicacion Y Enlace De Pr Inc Mercedita, PR | $36,381 | $0 |