Corp De Servicios De Salud Y Desarrollo Socioeconomico Del Otoa
- Assets
- $251.0k
- Revenue
- $206.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Florida, PR
- Founding
- 11/2014
- Data as of
- 12/2021
- EIN
- 66-0812599
Organization Overview
Corp De Servicios De Salud Y Desarrollo Socioeconomico Del Otoa is located in Florida, PR. The organization was established in 2014. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corp DE Servicios DE Salud Y Desarrollo Socioeconomico Del Otoa 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 12/2021, Corp DE Servicios DE Salud Y Desarrollo Socioeconomico Del Otoa generated $206.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $378.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH SERVICES TO POOR PEOPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH & SOCIAL SERVICES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francisco Valentin Soto President | Trustee | 1 | $0 |
Vicente Perez Vicepresident | Trustee | 1 | $0 |
Miriam Matos Secretary | Trustee | 1 | $0 |
Carlso Pagan Treasurer | Trustee | 1 | $0 |
Ana M Corraliza Director | Trustee | 1 | $0 |
Rosa Medina Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,165 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,734 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,899 |
| Total Program Service Revenue | $0 |
| 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 | $206,899 |
| 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 | $148,413 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,293 |
| 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 | $64,013 |
| Advertising and promotion | $0 |
| Office expenses | $6,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $480 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,220 |
| Interest | $950 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,541 |
| Insurance | $2,987 |
| All other expenses | $23,516 |
| Total functional expenses | $378,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,410 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $79,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,500 |
| Total assets | $250,954 |
| Accounts payable and accrued expenses | $36,381 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,381 |
| Net assets without donor restrictions | $214,573 |
| 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 | $250,954 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Corp De Servicios De Salud Y Desarrollo Socioeconomico Del Otoa has recieved totaling $299,540.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: ABBVIE PR INFRASTRUCTURE, EQUIPMENT | $271,250 |
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $14,145 |
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $14,145 |
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 |