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Nonprofiteer
← FOUNDCARE INC

Form 990 for tax year 2023

Filed by FOUNDCARE INC.

Totals

Total revenue
$52,120,943
Total expenses
$48,501,287
Contributions and grants received
$13,090,811
Grants paid
$1,764,779
Program service revenue
$38,493,265
Investment income
$369,066
Other revenue
$167,801
Total assets, end of year
$50,326,796
Total liabilities, end of year
$7,576,214
Net assets or fund balances, end of year
$42,750,582
Program services expenses (Part IX)
$47,468,963
Management and general expenses
$831,891
Fundraising expenses
$200,433
Program service expenses (Part III)
$47,468,963

Program services were 97.9% 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.

  • 1e · Government grants (contributions)

    $8,669,689

  • 1f · All other contributions, gifts and grants

    $4,421,122

  • 2a · Program service revenue: HEALTH CENTER PROGRAM REVENUE

    total $38,493,265 · related or exempt $38,493,265

  • 3 · Investment income

    total $369,066 · excluded $369,066

  • 6a · Gross rents

    real property $146,111

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $146,111

  • 6d · Net rental income or loss

    total $146,111 · excluded $146,111

  • 8b · Fundraising events: direct expenses

    $337

  • 8c · Net income from fundraising events

    total -$337 · excluded -$337

  • 11a · Other revenue: OTHER INCOME

    total $22,027 · related or exempt $22,027

  • 11e · Other revenue, total

    $22,027

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,764,779 · program services $1,764,779

  • 5 · Compensation of officers, directors and key employees

    total $3,274,680 · program services $3,215,936 · management and general $58,744

  • 7 · Other salaries and wages

    total $13,643,461 · program services $13,398,712 · management and general $244,749

  • 9 · Other employee benefits

    total $2,135,486 · program services $2,024,235 · management and general $111,251

  • 10 · Payroll taxes

    total $1,155,437 · program services $1,095,243 · management and general $60,194

  • 11g · Fees: other

    total $3,217,947 · program services $2,900,297 · management and general $117,217 · fundraising $200,433

  • 13 · Office expenses

    total $387,207 · program services $370,424 · management and general $16,783

  • 16 · Occupancy

    total $530,752 · program services $490,741 · management and general $40,011

  • 19 · Conferences, conventions and meetings

    total $381,741 · program services $361,541 · management and general $20,200

  • 20 · Interest

    total $161,649 · program services $161,000 · management and general $649

  • 22 · Depreciation, depletion and amortization

    total $841,638 · program services $841,299 · management and general $339

  • 23 · Insurance

    total $310,350 · program services $247,302 · management and general $63,048

  • 24a · Other expenses: PHARMACY

    total $18,431,372 · program services $18,431,372

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $600,509 · program services $600,509

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $595,835 · program services $595,835

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $254,772 · program services $226,599 · management and general $28,173

  • 24e · All other expenses

    total $813,672 · program services $743,139 · management and general $70,533

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $21,149,305 · end of year $4,113,221

  • 3 · Pledges and grants receivable

    beginning of year $4,937,956 · end of year $3,520,325

  • 4 · Accounts receivable

    beginning of year $4,690,348 · end of year $7,419,860

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,098,525 · end of year $645,008

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

    $24,602,045

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

    $6,182,019

  • 10c · Land, buildings and equipment, net

    beginning of year $14,338,021 · end of year $18,420,026

  • 12 · Investments: other securities

    beginning of year $119,925 · end of year $14,826,075

  • 15 · Other assets

    beginning of year $1,614,543 · end of year $1,382,281

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,544,643 · end of year $2,682,509

  • 19 · Deferred revenue

    beginning of year $1,587,573 · end of year $104,835

  • 23 · Secured mortgages and notes payable

    beginning of year $3,499,991 · end of year $3,440,988

  • 25 · Other liabilities

    beginning of year $1,569,583 · end of year $1,347,882

  • 27 · Net assets without donor restrictions

    beginning of year $38,698,645 · end of year $42,750,582

  • 28 · Net assets with donor restrictions

    beginning of year $48,188 · end of year $0

Mission and programs · 2023

Mission

TO PROVIDE QUALITY HEALTHCARE AND SOCIAL SERVICES FOR ALL INDIVIDUALS AND FAMILIES.

  • PROVIDE QUALITY PRIMARY AND PREVENTATIVE CARE TO MORE THAN 27,141 INSURED, UNINSURED AND UNDERINSURED ADULTS AND CHILDREN REGARDLESS OF THEIR ABILITY TO PAY.

    Expenses $41,382,903 · Grants $430,258 · Revenue $38,515,292

  • PROVIDE MEDICAL AND NON-MEDICAL CASE MANAGEMENT SERVICES INCLUDING ELIGIBILITY/REFERRAL FOR MENTAL HEALTH SERVICES; SUBSTANCE ABUSE SERVICES; TREATMENT ADHERENCE COUNSELING; HOME HEALTH CARE SERVICES; EMERGENCY FINANCIAL SERVICES ASSISTANCE; FOOD SERVICES; HOUSING ASSISTANCE; MEDICAL/INSURANCE PREMIUM PAYMENTS; AND MEDICAL TRANSPORTATION TO APPROXIMATELY 39,817 CLIENTS.

    Expenses $4,574,568 · Grants $1,334,521

  • PROVIDE EDUCATION/OUTREACH TO LOCAL COMMUNITIES AND COMMUNITY BASED ORGANIZATIONS IN THE PREVENTION OF HIV/AIDS TO OVER 65,000 INDIVIDUALS.

    Expenses $1,511,492

As filed on the 2023 return.

Listed in Part VII

  • Vivianne Jean-Francois

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Moise Anglade MD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • David Dodson MD

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Marcia Howard

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bertha Condes

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Stephanie B Carden Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric N Diaz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Druskin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Miron M Ebanks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul E Gordon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James S Rota

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Irizarry

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $331,022
    From this org
    $312,461
    From related orgs
    $0
    Other
    $18,561
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,461
    Bonus
    $0
    Other
    $0
    Deferred
    $18,561
    Nontaxable benefits
    $0
    Filer's total
    $331,022

  • Dr Armando Collazo

    CHIEF MEDICAL OFFICER

    Total calculated
    $297,259
    From this org
    $275,808
    From related orgs
    $0
    Other
    $21,451
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,808
    Bonus
    $0
    Other
    $0
    Deferred
    $21,451
    Nontaxable benefits
    $0
    Filer's total
    $297,259

  • Marcia Young

    CHIEF OPERATING OFFICER

    Total calculated
    $254,098
    From this org
    $234,681
    From related orgs
    $0
    Other
    $19,417
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,681
    Bonus
    $0
    Other
    $0
    Deferred
    $19,417
    Nontaxable benefits
    $0
    Filer's total
    $254,098

  • Andy Antenor

    CHIEF FINANCIAL OFFICER

    Total calculated
    $185,856
    From this org
    $184,559
    From related orgs
    $1,067
    Other
    $230
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,559 + $1,067 related
    Bonus
    $0
    Other
    $0
    Deferred
    $230
    Nontaxable benefits
    $0
    Filer's total
    $184,789 + $1,067 related

  • Marie Presmy

    CHIEF PROGRAM OFFICER

    Total calculated
    $200,631
    From this org
    $166,880
    From related orgs
    $0
    Other
    $33,751
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,880
    Bonus
    $0
    Other
    $0
    Deferred
    $33,751
    Nontaxable benefits
    $0
    Filer's total
    $200,631

  • Melissa Pierre

    CHIEF COMPLIANCE OFFICER

    Total calculated
    $199,604
    From this org
    $176,337
    From related orgs
    $0
    Other
    $23,267
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,337
    Bonus
    $0
    Other
    $0
    Deferred
    $23,267
    Nontaxable benefits
    $0
    Filer's total
    $199,604

  • Heriberto Luis Lopez

    CHIEF INFORMATION OFFICER

    Total calculated
    $183,666
    From this org
    $176,339
    From related orgs
    $0
    Other
    $7,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,339
    Bonus
    $0
    Other
    $0
    Deferred
    $7,327
    Nontaxable benefits
    $0
    Filer's total
    $183,666

  • Rik Pavlescak

    CHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $281,957
    From this org
    $247,163
    From related orgs
    $0
    Other
    $34,794
    Hours/week
    36

    Schedule J breakdown matched by us

    Base
    $247,163
    Bonus
    $0
    Other
    $0
    Deferred
    $34,794
    Nontaxable benefits
    $0
    Filer's total
    $281,957

  • Leslie Diaz MD

    MEDICAL DIRECTOR

    Total calculated
    $601,281
    From this org
    $549,150
    From related orgs
    $0
    Other
    $52,131
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $549,150
    Bonus
    $0
    Other
    $0
    Deferred
    $52,131
    Nontaxable benefits
    $0
    Filer's total
    $601,281

  • Stella I Medina Lewis MD

    PHYSICIAN

    Total calculated
    $326,522
    From this org
    $304,047
    From related orgs
    $0
    Other
    $22,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,047
    Bonus
    $0
    Other
    $0
    Deferred
    $22,475
    Nontaxable benefits
    $0
    Filer's total
    $326,522

  • Jean Y Monice MD

    PHYSICIAN

    Total calculated
    $261,458
    From this org
    $231,389
    From related orgs
    $0
    Other
    $30,069
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,389
    Bonus
    $0
    Other
    $0
    Deferred
    $30,069
    Nontaxable benefits
    $0
    Filer's total
    $261,458

  • Serge J Thys MD

    DIRECTOR OF PSYCHIATRY

    Total calculated
    $414,800
    From this org
    $414,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $414,800
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $414,800

  • Yolette Bonnet

    FORMER CHIEF EXECUTIVE OFFICER

    Total calculated
    $263,334
    From this org
    $218,000
    From related orgs
    $12,500
    Other
    $32,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,000 + $12,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $32,834
    Nontaxable benefits
    $0
    Filer's total
    $250,834 + $12,500 related

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINES 4A-B
YOLETTE BONNET, THE FOUNDER AND FIRST CEO OF FOUNDCARE, RETIRED AT THE CLOSE OF JANUARY 2022. FOUNDCARE ACCOUNTED FOR $250,000 IN ACCRUED EXPENSES IN 2022, REPRESENTING DEFERRED COMPENSATION INTENDED FOR DISBURSEMENT TO THE RETIRED EXECUTIVE OF FOUNDCARE IN 2023. AS OF THE END OF THE TAX YEAR 2023, ALL AMOUNTS OF DEFERRED COMPENSATION HAVE BEEN PAID TO YOLETTE BONNET.

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.

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.

  • FOUNDCARE FOUNDATION INC

    501(C)(3) · TO RAISE FUNDS TO SUPPORT FOUNDCARE, INC. · FL · controlled entity

    Directly controlled by FOUNDCARE INC

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202433139349302178

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