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Nonprofiteer
← ASOCIACION HOSPITAL DEL MAESTRO INC

Form 990 for tax year 2024

Filed by ASOCIACION HOSPITAL DEL MAESTRO INC.

Totals

Total revenue
$11,004,587
Total expenses
$16,938,990
Contributions and grants received
$638
Grants paid
$0
Program service revenue
$10,182,353
Investment income
$0
Other revenue
$821,596
Total assets, end of year
$2,234,837
Total liabilities, end of year
$44,219,357
Net assets or fund balances, end of year
-$41,984,520
Program services expenses (Part IX)
$16,938,990
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$16,938,990

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $638

  • 2a · Program service revenue: INCOME FROM PATIENTS SERVICES

    total $10,182,353 · related or exempt $10,182,353

  • 11a · Other revenue: INCOME FROM RENT MEDICAL OFFICES

    total $821,596 · related or exempt $821,596

  • 11e · Other revenue, total

    $821,596

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $8,320,852 · program services $8,320,852

  • 7 · Other salaries and wages

    total $977,432 · program services $977,432

  • 20 · Interest

    total $1,676,685 · program services $1,676,685

  • 22 · Depreciation, depletion and amortization

    total $425,959 · program services $425,959

  • 23 · Insurance

    total $770,786 · program services $770,786

  • 24a · Other expenses: DIET AND FOOD EXPENSES

    total $338,145 · program services $338,145

  • 24b · Other expenses: ADMINISTRATIVE AND GENERAL EXPENSES

    total $2,488,223 · program services $2,488,223

  • 24c · Other expenses: MAINTENANCE AND PLANT OPERATING EXPENSES

    total $1,940,908 · program services $1,940,908

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $158,781 · end of year $1,868

  • 4 · Accounts receivable

    beginning of year $600,620 · end of year $531,892

  • 8 · Inventories for sale or use

    beginning of year $72,190 · end of year $57,581

  • 9 · Prepaid expenses and deferred charges

    beginning of year $549,374 · end of year $529,321

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

    $32,916,623

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

    $31,847,518

  • 10c · Land, buildings and equipment, net

    beginning of year $1,402,347 · end of year $1,069,104

  • 15 · Other assets

    beginning of year $89,559 · end of year $45,071

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,700,063 · end of year $29,433,303

  • 23 · Secured mortgages and notes payable

    beginning of year $10,640,138 · end of year $10,641,609

  • 24 · Unsecured notes and loans payable

    beginning of year $228,308 · end of year $197,380

  • 25 · Other liabilities

    beginning of year $2,354,479 · end of year $3,947,065

  • 27 · Net assets without donor restrictions

    beginning of year -$36,050,117 · end of year -$41,984,520

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

Hospital del Maestro is a non-profit organization, founded in 1955. Our hospital is dedicated to the medical care of patients in Puerto Rico. Our commitment is to provide quality and accessible services to all patients who visit us. Our employees and medical team are committed to helping and caring for the health of patients.

Activities or mission (Part I)

HOSPITAL DEL MAESTRO IS COMMITTED TO PROVIDING QUALITY MEDICAL SERVICES TO ALL PEOPLE IN PUERTO RICO. THE HOSPITAL WAS INITIALLY CREATED TO CARE FOR TEACHERS IN P.R., BUT TODAY IT ATTENDS AND OFFERS ITS SERVICES TO THE ENTIRE COMMUNITY. FOUNDED IN 1955 THE HOSPITAL'S VISION TO GROW IN THE OFFER OF SERVICES TO PATIENTS, IN ADDITION, ITS MISSION IS TO HELP PEOPLE WITHOUT RESOURCES WHO NEED MEDICAL SERVICES, SINCE THE HOSPITAL IS A NON-PROFIT ORGANIZATION.

  • HOSPITAL DEL MAESTRO HAS REVENUE FROM SERVICES OFFERED TO IN-PATIENTS AND OUT-PATIENTS.

    Expenses $16,938,990 · Revenue $11,004,587

As filed on the 2024 return.

Listed in Part VII

  • Lilianett Alicea

    OPERATIONAL MANAGER

    Total calculated
    $0
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2024
Filed
25 November 2025
IRS schema version
2024v5.0
Source object
202543299349300434

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