Hpm Foundation Inc
- Assets
- $32.9m
- Revenue
- $60.9m
- Investments
- $0.0
- Employees
- 281
- Location
- San Juan, PR
- Founding
- 04/1993
- Data as of
- 03/2023
- EIN
- 66-0437924
Organization Overview
Hpm Foundation Inc is located in San Juan, PR. The organization was established in 1993. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 03/2023, Hpm Foundation Inc employed 281 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hpm Foundation 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 03/2023, Hpm Foundation Inc generated $60.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $57.1m during the year ending 03/2023. While expenses have increased by 12.5% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PRIMARY AMBULATORY, SUPPLEMENTAL AND ENVIRONMENTAL HEALTH SERVICES TO THE MEDICALLY UNDERSERVED RESIDENTS IN THE SANTURCE WARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PRIMARY AMBULATORY, SUPPLEMENTAL AND ENVIRONMENTAL HEALTH SERVICES TO THE MEDICALLY UNDERSERVED RESIDENTS IN THE SANTURCE WARD OF THE MUNICIPALITY OF SAN JUAN, CAROLINA AND THE MUNICIPAL ISLAND, VIEQUES AND CULEBRA. OUR PATIENTS/CLIENTS RECEIVED SERVICES IN THE FOLLOWING AREAS: GENERAL MEDICINE, GINECOLOGY PEDIATRY, DENTAL, VISION, CLINICAL PHYCHOLOGY AND PATIENT/COMMUNITY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivonne Rivera Hernandez Executive Director | Officer | 40 | $231,909 |
Jorge F Vazquez Perez Medical Director | Officer | 40 | $175,728 |
Hector L Villanueva Rodriguez Senior Medical Consultant | Officer | 40 | $149,890 |
Alwin L Torres Ortiz General Practitioner | Officer | 35 | $136,751 |
Miguel A Rivera Viera Family Doctor | Officer | 40 | $128,156 |
Beltran Shuck Jose J Director | Officer | 35 | $116,533 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Immuno Reference Lab Laboratories | 3/30/23 | $295,005 |
Intelligent Solutions Informatica | 3/30/23 | $299,318 |
Bm Construction Corp Repair & Maintenance | 3/30/23 | $439,000 |
Bio Nuclear Laboratory Supplies | 3/30/23 | $352,287 |
Rm Group Inc Repair & Maintenance | 3/30/23 | $259,785 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,155,088 |
| All other contributions, gifts, grants, and similar amounts not included above | $341,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,497,030 |
| Total Program Service Revenue | $48,018,676 |
| Investment income | $14,721 |
| 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 | $60,915,741 |
| 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 | $9,061,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,273,171 |
| Payroll taxes | $914,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $218,234 |
| Fees for services: Accounting | $162,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,493,819 |
| Advertising and promotion | $39,339 |
| Office expenses | $308,692 |
| Information technology | $874,746 |
| Royalties | $0 |
| Occupancy | $754,933 |
| Travel | $497,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199,591 |
| Interest | $32,871 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,001,140 |
| Insurance | $245,838 |
| All other expenses | $24,542 |
| Total functional expenses | $57,103,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,028,991 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,625,274 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $126,204 |
| Prepaid expenses and deferred charges | $88,915 |
| Net Land, buildings, and equipment | $16,783,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200,000 |
| Total assets | $32,852,613 |
| Accounts payable and accrued expenses | $1,606,046 |
| 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 | $53,158 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,659,204 |
| Net assets without donor restrictions | $30,816,102 |
| Net assets with donor restrictions | $377,307 |
| 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 | $32,852,613 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Salud Integral En La Montana Inc Naranjito, PR | $152,837,240 | $126,086,433 |
Migrant Health Center Mayaguez, PR | $106,970,121 | $114,932,613 |
Cossma Inc Cidra, PR | $127,949,366 | $84,819,475 |
Hpm Foundation Inc San Juan, PR | $32,852,613 | $60,915,741 |
Integral De Loiza Conciliode Salud Loiza, PR | $74,730,888 | $63,540,072 |
Centro De Salud De Lares Inc Lares, PR | $75,302,380 | $46,777,041 |
Centro De Salud Familiar Dr Julio Palmieri Ferri Inc Arroyo, PR | $41,456,563 | $33,246,349 |
Centro Ararat Inc Ponce, PR | $12,121,772 | $26,308,355 |
Centro De Servicios Primarios De Sa Lud Inc Florida, PR | $14,607,386 | $13,265,045 |
Comprehensive Human Services Corporation Guaynabo, PR | $22,030,417 | $3,608,694 |
Fundacion Asistencia Centro De Trauma Inc San Juan, PR | $682,787 | $75,306 |