Corp Serv Med Prim Y Prev De Hatillo
- Assets
- $45.3m
- Revenue
- $63.8m
- Investments
- $0.0
- Employees
- 331
- Location
- Hatillo, PR
- Founding
- 09/1993
- Data as of
- 01/2024
- EIN
- 66-0427194
Organization Overview
Corp Serv Med Prim Y Prev De Hatillo is located in Hatillo, PR. The organization was established in 1993. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 01/2024, Corp Serv Med Prim Y Prev DE Hatillo employed 331 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corp Serv Med Prim Y Prev DE Hatillo 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, Corp Serv Med Prim Y Prev DE Hatillo generated $63.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $57.7m during the year ending 01/2024. While expenses have increased by 18.6% 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
THE ORGANIZATION OPERATES A COMPREHENSIVE PRIMARY CARE PROGRAM, WHICH PROVIDE SERVICES TO LOW-INCOME FAMILIES AND MEDICALLY UNDERSERVED INDIGENT POPULATION IN THE MUNICIPALITY OF HATILLO, PUERTO RICO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROJECT OPERATES A COMPREHENSIVE PRIMARY CARE PROGRAM WHICH PROVIDES SERVICES TO LOW-INCOME FAMILIES AND MEDICALLY UNDERSERVED INDIGENT POPULATION, IN THE MUNICIPALITY OF HATILLO, PUERTO RICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cristopher Vega Acevedo Chief Medical Officer | Officer | 37.5 | $206,944 |
Lorena Torres Mercado Chief Executive Officer | Officer | 37.5 | $160,500 |
Carlos Mendez Franqui Chief Financial Officer | Officer | 37.5 | $118,307 |
Alexis Serrano Martinez Chief Information Officer | Officer | 37.5 | $91,884 |
Jose Ramos Rodriguez Human Resources Director | Officer | 37.5 | $84,384 |
Yaritza Rivera Velez Chief Operations Officer | Officer | 37.5 | $73,269 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mogic Ob-gyn Psc Ob-gyn | 1/30/24 | $216,250 |
Osvaldo Cardona Fernandez Endocrinologist | 1/30/24 | $204,750 |
Feldesman Tucker Leifer Fidell Llp Legal Services | 1/30/24 | $853,949 |
Edwin Candelario Md Services Oby Llc Ob-gyn | 1/30/24 | $176,577 |
Pkf Puerto Rico Llc Audit And Business Advisory | 1/30/24 | $1,010,443 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,315,206 |
| All other contributions, gifts, grants, and similar amounts not included above | $683,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,999,166 |
| Total Program Service Revenue | $53,484,076 |
| Investment income | $352,424 |
| 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 | $63,835,666 |
| 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. | $11,204,925 |
| Compensation of current officers, directors, key employees. | $3,677,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $985,785 |
| Payroll taxes | $843,493 |
| 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 | $38,089,561 |
| Advertising and promotion | $138,542 |
| Office expenses | $243,482 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $404,078 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,432 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,469,202 |
| Insurance | $245,476 |
| All other expenses | $3,487,976 |
| Total functional expenses | $57,651,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,500,306 |
| Savings and temporary cash investments | $3,420,059 |
| Pledges and grants receivable | $2,518,588 |
| Accounts receivable, net | $1,382,004 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $264,516 |
| Prepaid expenses and deferred charges | $696,090 |
| Net Land, buildings, and equipment | $12,243,013 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,269,576 |
| Total assets | $45,294,152 |
| Accounts payable and accrued expenses | $1,951,571 |
| 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 | $529,055 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,480,626 |
| Net assets without donor restrictions | $40,402,209 |
| Net assets with donor restrictions | $2,411,317 |
| 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 | $45,294,152 |