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Nonprofiteer
← CORP SERV MED PRIM Y PREV DE HATILLO

Form 990 for tax year 2023

Filed by CORP SERV MED PRIM Y PREV DE HATILLO.

Totals

Total revenue
$63,835,666
Total expenses
$57,651,099
Contributions and grants received
$9,999,166
Grants paid
$0
Program service revenue
$53,484,076
Investment income
$352,424
Other revenue
$0
Total assets, end of year
$45,294,152
Total liabilities, end of year
$2,480,626
Net assets or fund balances, end of year
$42,813,526
Program services expenses (Part IX)
$48,920,725
Management and general expenses
$8,730,374
Fundraising expenses
$0
Program service expenses (Part III)
$48,920,725

Program services were 84.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $9,315,206

  • 1f · All other contributions, gifts and grants

    $683,960

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Program Service

    total $53,484,076 · related or exempt $53,484,076 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $352,424 · related or exempt $352,424 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $11,204,925 · program services $7,527,063 · management and general $3,677,862

  • 9 · Other employee benefits

    total $985,785 · program services $693,009 · management and general $292,776

  • 10 · Payroll taxes

    total $843,493 · program services $531,703 · management and general $311,790

  • 11g · Fees: other

    total $38,089,561 · program services $35,152,345 · management and general $2,937,216

  • 12 · Advertising and promotion

    total $138,542 · program services $92,823 · management and general $45,719

  • 13 · Office expenses

    total $243,482 · program services $163,133 · management and general $80,349

  • 17 · Travel

    total $404,078 · program services $270,732 · management and general $133,346

  • 20 · Interest

    total $22,432 · management and general $22,432

  • 22 · Depreciation, depletion and amortization

    total $1,469,202 · program services $984,365 · management and general $484,837

  • 23 · Insurance

    total $245,476 · program services $164,469 · management and general $81,007

  • 24a · Other expenses: Rents

    total $140,940 · program services $94,430 · management and general $46,510

  • 24b · Other expenses: Utilities

    total $375,207 · program services $251,389 · management and general $123,818

  • 24e · All other expenses

    total $3,487,976 · program services $2,995,264 · management and general $492,712

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,678,646 · end of year $18,500,306

  • 2 · Savings and temporary cash investments

    beginning of year $3,406,125 · end of year $3,420,059

  • 3 · Pledges and grants receivable

    beginning of year $2,979,868 · end of year $2,518,588

  • 4 · Accounts receivable

    beginning of year $1,658,586 · end of year $1,382,004

  • 8 · Inventories for sale or use

    beginning of year $248,413 · end of year $264,516

  • 9 · Prepaid expenses and deferred charges

    beginning of year $538,366 · end of year $696,090

  • 10a · Land, buildings and equipment: cost or other basis

    $19,177,979

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,934,966

  • 10c · Land, buildings and equipment, net

    beginning of year $13,140,562 · end of year $12,243,013

  • 15 · Other assets

    beginning of year $1,038,019 · end of year $6,269,576

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,519,410 · end of year $1,951,571

  • 23 · Secured mortgages and notes payable

    beginning of year $765,861 · end of year $529,055

  • 27 · Net assets without donor restrictions

    beginning of year $37,403,314 · end of year $40,402,209

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $2,411,317

Mission and programs · 2023

Mission

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.

  • 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.

    Expenses $48,920,725 · Grants $9,315,206 · Revenue $53,484,076

  • n/a

  • N/A

As filed on the 2023 return.

Listed in Part VII

  • Cristopher Vega Acevedo

    Chief Medical Officer

    Total calculated
    $206,944
    From this org
    $206,944
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $206,944
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $206,944

  • Lorena Torres Mercado

    Chief Executive Officer

    Total calculated
    $160,500
    From this org
    $160,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $160,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,500

  • Carlos Mendez Franqui

    Chief Financial Officer

    Total calculated
    $118,307
    From this org
    $118,307
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Alexis Serrano Martinez

    Chief Information Officer

    Total calculated
    $91,884
    From this org
    $91,884
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Jose Ramos Rodriguez

    Human Resources Director

    Total calculated
    $84,384
    From this org
    $84,384
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Yaritza Rivera Velez

    Chief Operations Officer

    Total calculated
    $73,269
    From this org
    $73,269
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Josue Vera Aquino

    Security Director

    Total calculated
    $72,000
    From this org
    $72,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • IngridVargas Monroig

    Mental Health Director

    Total calculated
    $55,538
    From this org
    $55,538
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Jackeline Roman Acevedo

    Chief Compliance Officer

    Total calculated
    $9,023
    From this org
    $9,023
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 December 2024
IRS schema version
2023v5.0
Source object
202443489349301614

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