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Nonprofiteer
← BORINQUEN HEALTH CARE CENTER INC

Form 990 for tax year 2024

Filed by BORINQUEN HEALTH CARE CENTER INC.

Totals

Total revenue
$69,095,710
Total expenses
$68,395,378
Contributions and grants received
$23,068,211
Grants paid
$41,645
Program service revenue
$45,121,436
Investment income
$318,563
Other revenue
$587,500
Total assets, end of year
$40,742,754
Total liabilities, end of year
$12,798,500
Net assets or fund balances, end of year
$27,944,254
Program services expenses (Part IX)
$59,182,850
Management and general expenses
$9,212,528
Fundraising expenses
$0
Program service expenses (Part III)
$59,182,850

Program services were 86.5% 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.

  • 1e · Government grants (contributions)

    $21,446,567

  • 1f · All other contributions, gifts and grants

    $1,621,644

  • 2a · Program service revenue: PHARMACY REVENUE

    total $30,249,974 · related or exempt $30,249,974

  • 2b · Program service revenue: NET PATIENT SERVICE

    total $14,749,144 · related or exempt $14,749,144

  • 2c · Program service revenue: OTHER REVENUE

    total $122,318 · related or exempt $122,318

  • 3 · Investment income

    total $321,879 · excluded $321,879

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

    total -$3,316 · excluded -$3,316

  • 6a · Gross rents

    real property $587,500

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $587,500

  • 6d · Net rental income or loss

    total $587,500 · excluded $587,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $41,645 · program services $41,645

  • 5 · Compensation of officers, directors and key employees

    total $4,443,867 · program services $4,443,867

  • 7 · Other salaries and wages

    total $24,183,977 · program services $19,043,438 · management and general $5,140,539

  • 9 · Other employee benefits

    total $6,371,807 · program services $4,873,025 · management and general $1,498,782

  • 11b · Fees: legal

    total $152,849 · program services $130,440 · management and general $22,409

  • 11c · Fees: accounting

    total $123,538 · program services $105,426 · management and general $18,112

  • 11g · Fees: other

    total $1,984,426 · program services $1,693,486 · management and general $290,940

  • 12 · Advertising and promotion

    total $157,919 · program services $152,295 · management and general $5,624

  • 13 · Office expenses

    total $4,025,866 · program services $3,797,855 · management and general $228,011

  • 14 · Information technology

    total $539,647 · program services $509,083 · management and general $30,564

  • 16 · Occupancy

    total $1,413,324 · program services $828,099 · management and general $585,225

  • 17 · Travel

    total $96,216 · program services $90,767 · management and general $5,449

  • 20 · Interest

    total $187,002 · program services $182,751 · management and general $4,251

  • 22 · Depreciation, depletion and amortization

    total $1,465,626 · program services $1,397,405 · management and general $68,221

  • 23 · Insurance

    total $543,699 · program services $512,906 · management and general $30,793

  • 24a · Other expenses: PHARMACY EXPENSES

    total $19,253,593 · program services $18,163,137 · management and general $1,090,456

  • 24b · Other expenses: MEDICAL SUPPLIES AND DR

    total $2,645,009 · program services $2,495,205 · management and general $149,804

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $765,368 · program services $722,020 · management and general $43,348

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,292,663 · end of year $3,005,872

  • 2 · Savings and temporary cash investments

    beginning of year $4,095,071 · end of year $4,465,634

  • 3 · Pledges and grants receivable

    beginning of year $3,708,687 · end of year $4,793,854

  • 4 · Accounts receivable

    beginning of year $3,382,772 · end of year $4,156,514

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,130,309 · end of year $660,994

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

    $37,334,850

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

    $16,852,211

  • 10c · Land, buildings and equipment, net

    beginning of year $13,810,603 · end of year $20,482,639

  • 12 · Investments: other securities

    beginning of year $20,854 · end of year $17,538

  • 15 · Other assets

    beginning of year $3,357,647 · end of year $3,159,709

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,712,869 · end of year $4,556,905

  • 19 · Deferred revenue

    beginning of year $904,376 · end of year $601,381

  • 23 · Secured mortgages and notes payable

    beginning of year $4,808,005 · end of year $4,660,540

  • 25 · Other liabilities

    beginning of year $3,129,434 · end of year $2,979,674

  • 27 · Net assets without donor restrictions

    beginning of year $27,243,922 · end of year $27,944,254

Mission and programs · 2024

Mission

BORINQUEN MEDICAL CENTERS PROVIDE A COMPREHENSIVE RANGE OF HEALTHAND SOCIAL SERVICES TO OUR CULTURALLY DIVERSE COMMUNITY INMIAMI-DADE COUNTY. OUR QUALITY SERVICES ARE ACCESSIBLE TO ALLPEOPLE THROUGHOUT THE AREA THROUGH A MULTI-DISCIPLINE APPROACH.

Activities or mission (Part I)

BORINQUEN MEDICAL CENTERS PROVIDE A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES TO OUR CULTURALLY DIVERSE COMMUNITY IN MIAMI-DADE COUNTY. OUR QUALITY SERVICES ARE ACCESSIBLE TO ALL PEOPLE THROUGHOUT THE AREA THROUGH A MULTI-DISCIPLINE APPROACH.

  • BORINQUEN HEALTH CARE CENTER OPERATES MEDICAL CENTERS IN MIAMI-DADECOUNTY SERVING PATIENTS AND UNDERSERVED POPULATIONS. THE OPERATIONSCONDUCTED INCLUDE PRIMARY CARE, PEDIATRIC CARE, DENTAL CARE, OBSTETRICSAND GYNECOLOGY CARE, AND BEHAVIORAL AND SPECIALTY HEALTH CARE.

    Expenses $59,182,850 · Grants $41,645 · Revenue $45,121,436

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CYNTHIA WOLPER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • EVA PEREZ

    CHAIRPERSON OF THE BOARD

    Total calculated
    $0
    Hours/week
    3

  • HECTOR COLLAZO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • IVAN NASER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • IVETTE VELEZ

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3

  • JOCELYN MICHEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • LUIS DE ROSA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • MARGARET LAFOREST

    RN SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • MARIE ASTRIDE BOBO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • NESTOR CHARDON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • VICTOR ALBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DIEGO SHMUELS

    CHIEF QUALITY OFFICER

    Total calculated
    $347,588
    From this org
    $313,812
    From related orgs
    $0
    Other
    $33,776
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $311,846
    Bonus
    $1,000
    Other
    $966
    Deferred
    $24,996
    Nontaxable benefits
    $8,780
    Filer's total
    $347,588

  • SINDIA ROSENAY

    CHIEF FINANCIAL OFFICER

    Total calculated
    $327,914
    From this org
    $318,714
    From related orgs
    $0
    Other
    $9,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $317,084
    Bonus
    $1,000
    Other
    $630
    Deferred
    $50
    Nontaxable benefits
    $9,150
    Filer's total
    $327,914

  • DEBORAH GRACIA

    CHIEF MEDICAL OFFICER

    Total calculated
    $517,671
    From this org
    $471,472
    From related orgs
    $0
    Other
    $46,199
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $469,506
    Bonus
    $1,000
    Other
    $966
    Deferred
    $20,000
    Nontaxable benefits
    $26,199
    Filer's total
    $517,671

  • PAUL CARL VELEZ

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $726,652
    From this org
    $680,746
    From related orgs
    $0
    Other
    $45,906
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $605,346
    Bonus
    $26,000
    Other
    $49,400
    Deferred
    $26,000
    Nontaxable benefits
    $19,906
    Filer's total
    $726,652

  • ALBERTO MESTRE

    MEDICAL DIRECTOR OF SPECIALTY CARE

    Total calculated
    $256,358
    From this org
    $226,701
    From related orgs
    $0
    Other
    $29,657
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,979
    Bonus
    $1,000
    Other
    $2,722
    Deferred
    $0
    Nontaxable benefits
    $29,657
    Filer's total
    $256,358

  • HARRY ARCHER

    PHYSICIAN

    Total calculated
    $257,895
    From this org
    $245,820
    From related orgs
    $0
    Other
    $12,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,112
    Bonus
    $1,000
    Other
    $3,708
    Deferred
    $12,075
    Nontaxable benefits
    $0
    Filer's total
    $257,895

  • FRANCISCO RICART

    PSYCHIATRIST

    Total calculated
    $299,079
    From this org
    $280,292
    From related orgs
    $0
    Other
    $18,787
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,486
    Bonus
    $1,000
    Other
    $1,806
    Deferred
    $0
    Nontaxable benefits
    $18,787
    Filer's total
    $299,079

  • MICHAEL ROSE

    DIRECTOR OF PHARMACY

    Total calculated
    $328,054
    From this org
    $287,232
    From related orgs
    $0
    Other
    $40,822
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,832
    Bonus
    $1,000
    Other
    $14,400
    Deferred
    $30,464
    Nontaxable benefits
    $10,358
    Filer's total
    $328,054

  • MICHELLE SOHEIL

    DENTAL DIRECTOR

    Total calculated
    $326,783
    From this org
    $306,600
    From related orgs
    $0
    Other
    $20,183
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,634
    Bonus
    $1,000
    Other
    $966
    Deferred
    $2,600
    Nontaxable benefits
    $17,583
    Filer's total
    $326,783

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

None.

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

Provenance

Return type
form_990
Tax year
2024
Filed
11 December 2025
IRS schema version
2024v5.2
Source object
202533459349301903

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