Corp Serv Med Prim Y Prev De Hatillo
- Assets
- $36.2m
- Revenue
- $21.5m
- Investments
- $0.0
- Employees
- 243
- Location
- Hatillo, PR
- Founding
- 09/1993
- Data as of
- 01/2022
- 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 01/2022, Corp Serv Med Prim Y Prev DE Hatillo employed 243 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 01/2022, Corp Serv Med Prim Y Prev DE Hatillo generated $21.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $16.4m during the year ending 01/2022. While expenses have increased by 4.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES A COMPREHHENSIVE PRIMARY CARE PROGRAM, WHICH PROVIDE SERVICES TO LOW-INCOME FAMILIES AND MEDICALLY UNDERSERVE INDIGENT POPULATION IN MUNICIPALLITY 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.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cristopher Vega Acevedo Medical Director | Officer | 40 | $152,150 |
Carlos Cortes Gonzalez Finace | Officer | 40 | $119,091 |
Lorena Torres Mercado Administration | Officer | 40 | $86,531 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Feldesman Tucker Leifer Fidell Llp Legal Services | 1/30/22 | $146,498 |
Ta Security Security Services | 1/30/22 | $221,483 |
Christopher Vega Medical | 1/30/22 | $152,150 |
Osvaldo Cardona Fernandez Support | 1/30/22 | $200,813 |
Cas Service Support | 1/30/22 | $171,034 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,421,438 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,238,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,659,480 |
| Total Program Service Revenue | $11,752,128 |
| Investment income | $29,466 |
| 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 | $21,541,946 |
| 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. | $8,359,238 |
| Compensation of current officers, directors, key employees. | $1,136,461 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $94,926 |
| Other employee benefits | $769,500 |
| Payroll taxes | $833,492 |
| 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 | $2,215,758 |
| Advertising and promotion | $0 |
| Office expenses | $314,762 |
| Information technology | $286,219 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $610,563 |
| Insurance | $236,631 |
| All other expenses | $1,932,515 |
| Total functional expenses | $16,448,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,848,160 |
| Savings and temporary cash investments | $3,385,300 |
| Pledges and grants receivable | $5,206,748 |
| Accounts receivable, net | $1,286,344 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $168,419 |
| Prepaid expenses and deferred charges | $548,521 |
| Net Land, buildings, and equipment | $12,792,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000,000 |
| Total assets | $36,236,018 |
| Accounts payable and accrued expenses | $1,350,322 |
| 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 | $1,611,731 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,962,053 |
| Net assets without donor restrictions | $33,273,965 |
| 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 | $36,236,018 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Corp Serv Med Prim Y Prev De Hatillo has recieved totaling $273,132.
| Awarding Organization | Amount |
|---|---|
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING-IP | $96,866 |
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING-IP | $96,866 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $79,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Servicios Medicos Universitarios Inc Carolina, PR | $58,931,826 | $67,665,050 |
Integral De Loiza Conciliode Salud Loiza, PR | $61,756,784 | $54,154,090 |
St Lukes Episcopal Church Home Care Program Ponce, PR | $59,935,614 | $46,407,880 |
Sociedad Espanola De Auxilio Mutuo Y Beneficencia De Puerto Rico San Juan, PR | $207,394,856 | $42,942,928 |
Costa Salud Community Health Centers Inc Rincon, PR | $42,959,420 | $46,677,586 |
Hospital Comunitario Buen Samaritano Inc Aguadilla, PR | $31,760,434 | $38,349,511 |
Centro De Servicios Primarios De Patillas, PR | $20,090,214 | $32,883,712 |
Corporacion De Salud Asegurada Por Nuestra Organizacion Solidaria Inc Caguas, PR | $6,489,197 | $29,161,147 |
Camuy Health Services Inc Camuy, PR | $28,544,713 | $30,381,657 |
Centro De Salud De Lares Inc Lares, PR | $49,390,096 | $39,866,624 |
Centro De Salud Familiar Dr Julio Palmieri Ferri Inc Arroyo, PR | $37,979,534 | $30,466,803 |
Hospital San Carlos Incorporado Moca, PR | $19,822,154 | $27,495,424 |