Asociacion Hospital Del Maestro Inc
- Assets
- $4.9m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 348
- Location
- San Juan, PR
- Founding
- Data as of
- 06/2022
- EIN
- 66-0229702
Organization Overview
Asociacion Hospital Del Maestro Inc is located in San Juan, PR. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Asociacion Hospital Del Maestro Inc employed 348 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asociacion Hospital Del Maestro 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOSPITAL DEL MAESTRO IS COMMITTED TO PROVIDING QUALITY MEDICAL SERVICES TO ALL PEOPLE IN PUERTO RICO. THE HOSPITAL WAS INITIALLY CREATED TO CARE FOR TEACHERS IN P.R., BUT TODAY IT ATTENDS AND OFFERS ITS SERVICES TO THE ENTIRE COMMUNITY. FOUNDED IN 1955 THE HOSPITAL'S VISION TO GROW IN THE OFFER OF SERVICES TO PATIENTS, IN ADDITION, ITS MISSION IS TO HELP PEOPLE WITHOUT RESOURSES WHO NEED MEDICAL SERVICES, SINCE THE HOSPITAL IS A NON-PROFIT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPITAL DEL MAESTRO HAD A REVENUE INCOME FROM CONDONATION OF DEBT OF PROTECTION PAYROLL PROGRAM (PPP) AND ALSO, IT HAD FINANCIAL HELP FROM CORONAVIRUS RELIEF FUNDS (CRF)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,066,316 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,069,116 |
| Total Program Service Revenue | $16,851,991 |
| Investment income | $0 |
| 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 | $19,921,107 |
| 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. | $114,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,176,836 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,925,503 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,468,491 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,227,553 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $362,218 |
| Insurance | $776,667 |
| All other expenses | $2,368,518 |
| Total functional expenses | $23,419,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $629,701 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,195,721 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,657 |
| Prepaid expenses and deferred charges | $565,134 |
| Net Land, buildings, and equipment | $1,448,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,911,537 |
| Accounts payable and accrued expenses | $22,116,033 |
| Grants payable | $425,304 |
| 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 | $10,637,195 |
| Unsecured mortgages and notes payable | $156,207 |
| Other liabilities | $2,759,658 |
| Total liabilities | $36,094,397 |
| Net assets without donor restrictions | -$31,182,860 |
| 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 | -$31,182,860 |
| Total liabilities and net assets/fund balances | $4,911,537 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |