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Nonprofiteer
← SOCIEDAD ESPANOLA DE AUXILIO MUTUO Y BENEFICENCIA DE PUERTO RICO

Form 990 for tax year 2023

Filed by SOCIEDAD ESPANOLA DE AUXILIO MUTUO Y BENEFICENCIA DE PUERTO RICO.

Totals

Total revenue
$112,831,708
Total expenses
$94,960,256
Contributions and grants received
$1,365,361
Grants paid
$0
Program service revenue
$81,451,400
Investment income
$3,657,836
Other revenue
$26,357,111
Total assets, end of year
$294,358,007
Total liabilities, end of year
$125,093,754
Net assets or fund balances, end of year
$169,264,253
Program services expenses (Part IX)
$55,458,668
Management and general expenses
$39,501,588
Fundraising expenses
$0
Program service expenses (Part III)
$55,458,668

Program services were 58.4% 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)

    $1,365,361

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $40,645,137 · related or exempt $40,645,137

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $28,070,138 · related or exempt $28,070,138

  • 2c · Program service revenue: RENT

    total $12,736,125 · related or exempt $12,736,125

  • 3 · Investment income

    total $3,666,775 · excluded $3,666,775

  • 7a · Gross sales of assets other than inventory

    securities $10,292,994 · other assets $397,600

  • 7b · Less cost or other basis and sales expenses

    securities $10,608,943 · other assets $90,590

  • 7c · Gain or loss

    securities -$315,949 · other assets $307,010

  • 7d · Net gain or loss

    total -$8,939 · related or exempt -$8,939

  • 11a · Other revenue: GAIN ON BARGAIN PURCHASE

    total $23,600,000 · related or exempt $23,600,000

  • 11b · Other revenue: MISCELLANEOUS

    total $2,015,794 · related or exempt $2,015,794

  • 11c · Other revenue: RENT

    total $402,783 · related or exempt $402,783

  • 11d · All other revenue

    total $338,534 · related or exempt $338,534

  • 11e · Other revenue, total

    $26,357,111

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $23,332,919 · program services $17,778,778 · management and general $5,554,141

  • 9 · Other employee benefits

    total $11,667 · management and general $11,667

  • 10 · Payroll taxes

    total $3,552,287 · program services $2,223,694 · management and general $1,328,593

  • 11g · Fees: other

    total $2,863,197 · program services $2,636,431 · management and general $226,766

  • 20 · Interest

    total $2,760,105 · management and general $2,760,105

  • 22 · Depreciation, depletion and amortization

    total $9,959,202 · program services $139,756 · management and general $9,819,446

  • 24a · Other expenses: OTHER EXPENSES

    total $24,359,844 · program services $8,563,477 · management and general $15,796,367

  • 24b · Other expenses: HOSPITAL SERVICE COSTS

    total $24,116,532 · program services $24,116,532

  • 24c · Other expenses: CONTRACT SERVICES

    total $3,524,655 · management and general $3,524,655

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $479,848 · management and general $479,848

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,666,060 · end of year $14,806,879

  • 4 · Accounts receivable

    beginning of year $970,491 · end of year $17,272,699

  • 8 · Inventories for sale or use

    end of year $710,310

  • 9 · Prepaid expenses and deferred charges

    beginning of year $868,574 · end of year $2,276,763

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

    $283,122,831

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

    $117,449,989

  • 10c · Land, buildings and equipment, net

    beginning of year $116,523,164 · end of year $165,672,842

  • 11 · Investments: publicly traded securities

    beginning of year $66,395,931 · end of year $63,126,001

  • 15 · Other assets

    beginning of year $16,809,282 · end of year $30,492,513

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,095,351 · end of year $19,378,730

  • 19 · Deferred revenue

    beginning of year $565,978 · end of year $818,177

  • 20 · Tax-exempt bond liabilities

    beginning of year $65,447,678 · end of year $98,393,617

  • 25 · Other liabilities

    beginning of year $468,368 · end of year $6,503,230

  • 27 · Net assets without donor restrictions

    beginning of year $148,434,035 · end of year $169,047,783

  • 28 · Net assets with donor restrictions

    beginning of year $222,092 · end of year $216,470

Mission and programs · 2023

Mission

SOCIEDAD ESPAOLA DE AUXILIO MUTUO Y BENEFICENCIA DE PUERTO RICO (THE COMPANY) HAD BEEN PREVIOUSLY FILING AS A 501 (C) (3) ORGANIZATION. ON APRIL 29, 1992 A NEW NONPROFIT ORGANIZATION WAS CREATED TO CONTINUE PROVIDING THE HOSPITAL AND HEALTH CARE SERVICES PREVIOUSLY PROVIDED UNDER THE LEGAL NAME OF THE COMPANY. ON AUGUST 20, 1992 THIS CHANGE WAS REPORTED TO THE EXEMPT ORGANIZATIONS BRANCH OF THE INTERNAL REVENUE SERVICE. THE IRS WAS INFORMED THAT THE COMPANY WOULD BECOME A CONTROLLING AFFILIATE THAT WOULD OWNED THE REAL PROPERTY AND WOULD TRANSFER ITS FUNDS (INCOME LESS EXPENSES) FOR USE IN A MANNER CONSISTENT WITH THE EXEMPTION. ON SEPTEMBER 30, 1992 THE IRS INFORMED THAT THE COMPANY IS NOT REQUIRED TO FILE A NEW APPLICATION FOR TAX EXEMPTION AS A TITLE HOLDING CORPORATION. THE COMPANY ALSO ADMINISTERS A HEALTH PLAN UNDER WHICH INDIVIDUALS IN THE COMMUNITY (WITHOUT EXCEPTIONS) MAY BECOME MEMBERS WITH THE RIGHT TO RECEIVE HOSPITAL AND HEALTH CARE SERVICES AT THE FACILITIES OF HOSPITAL E

  • PLAN MEMBERS COVERED BY THE COMPANY'S HEALTH PLAN - 26,834

    Expenses $24,116,532

  • PROVIDE HOSPITAL AND HEALTH CARE SERVICES.

    Expenses $31,342,136

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Luis E Cid Abradelo

    VOWELS

    Total calculated
    $0

  • Emilio Torres Antuano

    VOWELS

    Total calculated
    $0

  • Roberto Santana Aparicio

    VOWELS

    Total calculated
    $0

  • Jesus M Lopez Arguello

    VOWELS

    Total calculated
    $0

  • Juan Bauza Lopez De Azua

    VOWELS

    Total calculated
    $0

  • Adolfo Trapote Carln

    VICE - PRESI

    Total calculated
    $0

  • Rafael A Vil Carrin

    VOWELS

    Total calculated
    $0

  • Juan M Alverez Cartaa

    VOWELS

    Total calculated
    $0

  • Jess Vargas Domnguez

    VOWEL

    Total calculated
    $0

  • Eloy Gutierrez Fernndez

    VOWELS

    Total calculated
    $0

  • Enrique Fierres Gonzlez

    PRESIDENT

    Total calculated
    $0

  • Alfredo Vincenty Heres

    VOWELS

    Total calculated
    $0

  • Jose M Gmez Len

    VP & TREASUR

    Total calculated
    $0

  • Francisco Carballo Losada

    VICE-PRESIDE

    Total calculated
    $0

  • Juan Leizn Lpez

    VICE-PRESIDE

    Total calculated
    $0

  • Marisabel Alcalde Marroig

    VOWELS

    Total calculated
    $0

  • Nilsa I Rodriguez Martorell

    SUB-SECRETAR

    Total calculated
    $0

  • Telesforo Fernndez Martnez

    VOWELS

    Total calculated
    $0

  • Jose Gil-Rodrigo Montaner

    VOWELS

    Total calculated
    $0

  • Joaquin Quioy Ortiz

    VOWELS

    Total calculated
    $0

  • Casimiro De La Torre Pampliega

    SECRETARY

    Total calculated
    $0

  • Bernardo Busto Prez

    VOWELS

    Total calculated
    $0

  • Cesar Santos Rivera

    VOWELS

    Total calculated
    $0

  • Sandra Cabanillas Rivera

    VOWELS

    Total calculated
    $0

  • Jos Vargas Rodrguez

    VOWELS

    Total calculated
    $0

  • Ramon Delgado Ruibal

    VICE-PRESIDE

    Total calculated
    $0

  • Fernando Del Llano Sobrino

    SUB-TREASURE

    Total calculated
    $0

  • Angel Cocero Snchez

    VICE- PRESID

    Total calculated
    $0

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AM ACQUISITION I LLC

    HOSPITAL · PR · income $66,128,868 · assets $71,764,641

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AUXILIO SALUD PLUS INC

    C CORP · HEALTH PLN · PR · 100% owned · share of income $5,393,952 · share of assets $5,355,455

    Directly controlled by HOSP AUX M

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202532279349303743

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