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Nonprofiteer
← HOSPITAL DAMAS INC

Form 990 for tax year 2024

Filed by HOSPITAL DAMAS INC.

Totals

Total revenue
$74,012,035
Total expenses
$76,734,894
Contributions and grants received
$282,826
Grants paid
$0
Program service revenue
$69,394,942
Investment income
$272,436
Other revenue
$4,061,831
Total assets, end of year
$48,038,291
Total liabilities, end of year
$10,983,204
Net assets or fund balances, end of year
$37,055,087
Program services expenses (Part IX)
$56,231,404
Management and general expenses
$20,503,490
Fundraising expenses
$0
Program service expenses (Part III)
$56,231,404

Program services were 73.3% 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)

    $277,826

  • 1f · All other contributions, gifts and grants

    $5,000

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $69,394,942 · related or exempt $69,394,942

  • 3 · Investment income

    total $272,436 · excluded $272,436

  • 7a · Gross sales of assets other than inventory

    securities $3,062,739

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

    securities $3,062,739

  • 11a · Other revenue: PHARMACY

    total $1,911,721 · related or exempt $1,911,721

  • 11b · Other revenue: RENT

    total $1,324,030 · related or exempt $1,324,030

  • 11c · Other revenue: HOSP. PANAMERICANO SERVICES

    total $591,513 · related or exempt $591,513

  • 11d · All other revenue

    total $234,567 · related or exempt $234,567

  • 11e · Other revenue, total

    $4,061,831

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $24,448,681 · program services $19,499,208 · management and general $4,949,473

  • 9 · Other employee benefits

    total $3,760,535 · program services $2,712,407 · management and general $1,048,128

  • 11g · Fees: other

    total $8,907,499 · program services $6,459,665 · management and general $2,447,834

  • 16 · Occupancy

    total $189,809 · program services $170,828 · management and general $18,981

  • 20 · Interest

    total $66,159 · management and general $66,159

  • 22 · Depreciation, depletion and amortization

    total $3,800,003 · program services $1,824,001 · management and general $1,976,002

  • 23 · Insurance

    total $822,187 · management and general $822,187

  • 24a · Other expenses: SUPPLIES

    total $21,861,095 · program services $19,739,093 · management and general $2,122,002

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $4,030,048 · program services $3,078,525 · management and general $951,523

  • 24c · Other expenses: OTHER EXPENSES

    total $4,010,414 · program services $2,227,218 · management and general $1,783,196

  • 24d · Other expenses: UTILITIES

    total $3,138,972 · program services $100,153 · management and general $3,038,819

  • 24e · All other expenses

    total $1,699,492 · program services $420,306 · management and general $1,279,186

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $317,592 · end of year $1,175,911

  • 4 · Accounts receivable

    beginning of year $12,690,472 · end of year $12,519,454

  • 7 · Other notes and loans receivable

    beginning of year $7,000,000 · end of year $7,000,000

  • 8 · Inventories for sale or use

    beginning of year $1,690,965 · end of year $1,443,531

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,320,492 · end of year $1,634,068

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

    $93,472,741

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

    $76,026,354

  • 10c · Land, buildings and equipment, net

    beginning of year $16,905,388 · end of year $17,446,387

  • 11 · Investments: publicly traded securities

    beginning of year $8,850,599 · end of year $6,377,312

  • 15 · Other assets

    beginning of year $679,700 · end of year $441,628

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,742,030 · end of year $5,873,579

  • 25 · Other liabilities

    beginning of year $5,256,203 · end of year $5,109,625

  • 27 · Net assets without donor restrictions

    beginning of year $39,456,975 · end of year $37,055,087

Mission and programs · 2024

Mission

PROVIDE HEALTH SERVICES OF THE HIGHEST QUALITY TO OUR COMMUNITY, IN A SAFE ENVIRONMENT AND FRAMED IN A HUMAN-CHRISTIAN PHILOSOPHY.

  • PATIENT CARE - GENERAL ACUTE CARE HOSPITAL PROVIDING CRITICAL CARE, GENERAL MEDICAL AND SKILLED NURSING SERVICES. THE ORGANIZATION HAS FIVE MAJOR CLINICAL DEPARTMENTS AND PROVIDES A VARIETY OF IN-PATIENT AND OUT- PATIENT DIAGNOSTIC AND THERAPEUTIC SERVICES. FOR THE YEAR ENDED DECEMBER 31, 2024, HOSPITAL INPATIENT ADMISSIONS WERE 5,364 . PATIENT DAYS AMOUNTED TO 31,890.

    Expenses $56,231,404 · Revenue $73,456,773

As filed on the 2024 return.

Listed in Part VII

  • Alberto Maldonado

    CARDIO SURGE

    Total calculated
    $1,050,604
    From this org
    $1,050,604
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,050,604
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $1,050,604
  • Jesse Aleman

    PULMONOLOGIS

    Total calculated
    $324,580
    From this org
    $324,580
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,580
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $324,580
  • Pedro F Barez Clavell

    CEO

    Total calculated
    $191,642
    From this org
    $191,642
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,642
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $191,642
  • Jessica Abreu Garca

    NEUROLOGIST

    Total calculated
    $180,599
    From this org
    $180,599
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,599
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $180,599
  • Dariel Irizary

    INFECTIONS D

    Total calculated
    $180,599
    From this org
    $180,599
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,599
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $180,599
  • Rafael Ros Rivera

    RHEUMATOLOGI

    Total calculated
    $180,599
    From this org
    $180,599
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,599
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $180,599
  • Miguel Magraner Surez

    MEDICAL DIRE

    Total calculated
    $140,600
    From this org
    $140,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Julio Coln Rivera

    FINANCE DIRE

    Total calculated
    $116,414
    From this org
    $99,914
    From related orgs
    $0
    Other
    $16,500
    Hours/week
    40
  • Gilberto Cuevas

    HR DIRECTOR

    Total calculated
    $81,730
    From this org
    $80,983
    From related orgs
    $0
    Other
    $747
    Hours/week
    40
  • Nilda J Zapata Molina

    DIRECTOR

    Total calculated
    $48,000
    From this org
    $48,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Mariano McConnie Angel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8
  • Carlos J Rovira Arbona

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8
  • Emilio R Venegas Gardn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8
  • Hector Santini Oliveri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8
  • Gladysmaria Figueroa Rubero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8
  • Jorge R Martn Suria

    VP & SECRETA

    Total calculated
    $0
    Hours/week
    8

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 · Written employment contract
  • 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.

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.

  • FUNDACIN DAMAS INC

    CHARITY · PR

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.

Related corporations and trusts

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

  • DAMAS SERVICES INC

    C CORP · HEALTH SRV · PR · 100% owned · share of income $678 · share of assets $15,554

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202533219349321303

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