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Nonprofiteer
← HOSPITAL DE LA CONCEPCION INC

Form 990 for tax year 2024

Filed by HOSPITAL DE LA CONCEPCION INC.

Totals

Total revenue
$111,659,468
Total expenses
$103,951,556
Contributions and grants received
$0
Grants paid
$8,000
Program service revenue
$106,055,879
Investment income
$912,152
Other revenue
$4,691,437
Total assets, end of year
$120,375,264
Total liabilities, end of year
$25,781,669
Net assets or fund balances, end of year
$94,593,595
Program services expenses (Part IX)
$71,741,730
Management and general expenses
$32,209,826
Fundraising expenses
$0
Program service expenses (Part III)
$71,741,730

Program services were 69.0% 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.

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $103,279,369 · related or exempt $103,279,369

  • 2b · Program service revenue: CAPITATION REVENUE

    total $2,776,510 · related or exempt $2,776,510

  • 3 · Investment income

    total $901,770 · excluded $901,770

  • 7a · Gross sales of assets other than inventory

    securities $5,341,504

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

    securities $5,331,122

  • 7c · Gain or loss

    securities $10,382

  • 7d · Net gain or loss

    total $10,382 · excluded $10,382

  • 11a · Other revenue: PHARMACY

    total $1,597,387 · related or exempt $1,597,387

  • 11b · Other revenue: CAFETERIA

    total $1,135,802 · related or exempt $1,135,802

  • 11c · Other revenue: OTHER REVENUE

    total $573,273 · related or exempt $573,273

  • 11d · All other revenue

    total $1,384,975 · related or exempt $1,384,975

  • 11e · Other revenue, total

    $4,691,437

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,000 · program services $8,000

  • 5 · Compensation of officers, directors and key employees

    total $2,334,342 · program services $104,998 · management and general $2,229,344

  • 7 · Other salaries and wages

    total $36,481,957 · program services $27,167,126 · management and general $9,314,831

  • 9 · Other employee benefits

    total $302,411 · program services $233,521 · management and general $68,890

  • 10 · Payroll taxes

    total $6,512,649 · program services $3,164,061 · management and general $3,348,588

  • 11b · Fees: legal

    total $599,238 · management and general $599,238

  • 11c · Fees: accounting

    total $161,098 · management and general $161,098

  • 11g · Fees: other

    total $846,036 · management and general $846,036

  • 12 · Advertising and promotion

    total $477,544 · program services $89,867 · management and general $387,677

  • 17 · Travel

    total $76,717 · program services $23,825 · management and general $52,892

  • 22 · Depreciation, depletion and amortization

    total $6,070,637 · program services $4,830,493 · management and general $1,240,144

  • 23 · Insurance

    total $1,442,874 · management and general $1,442,874

  • 24a · Other expenses: OTHER EXPENSE

    total $23,431,252 · program services $15,633,498 · management and general $7,797,754

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $17,624,520 · program services $16,452,621 · management and general $1,171,899

  • 24c · Other expenses: REPAIRS

    total $4,488,664 · program services $1,807,046 · management and general $2,681,618

  • 24d · Other expenses: UTILITIES

    total $2,467,790 · program services $1,850,843 · management and general $616,947

  • 24e · All other expenses

    total $625,827 · program services $375,831 · management and general $249,996

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,713,587 · end of year $5,553,283

  • 4 · Accounts receivable

    beginning of year $16,732,356 · end of year $17,528,518

  • 8 · Inventories for sale or use

    beginning of year $1,495,360 · end of year $1,746,479

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,459,012 · end of year $1,089,489

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

    $165,994,994

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

    $88,528,051

  • 10c · Land, buildings and equipment, net

    beginning of year $69,724,415 · end of year $77,466,943

  • 11 · Investments: publicly traded securities

    beginning of year $12,677,312 · end of year $14,472,443

  • 15 · Other assets

    beginning of year $5,487,213 · end of year $2,518,109

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,679,700 · end of year $18,722,446

  • 25 · Other liabilities

    beginning of year $6,786,814 · end of year $7,059,223

  • 27 · Net assets without donor restrictions

    beginning of year $86,822,741 · end of year $94,593,595

Mission and programs · 2024

Mission

THE ORGANIZATION HAS THE MISSION TO PROVIDE HIGH QUALITY HEALTH CARE SERVICES WHICH SATISFY THE PHYSICAL AND SPIRITUAL NEEDS OF THE PATIENTS, IN ACCORDANCE WITH THE CHRISTIAN MORAL.

  • DURING THE YEAR ENDED DECEMBER 31, 2024, THE ORGANIZATION PROVIDED IN- PATIENT, OUT-PATIENT AND EMERGENCY SERVICES PRIMARILY TO RESIDENTS OF THE SOUTHWESTERN AREA OF PUERTO RICO. THE ORGANIZATION SERVICES CONSISTED OF 8,170 ADMISSIONS, 46,242 PATIENT DAYS, 7,129 PATIENT REHABILITATION DAYS, AND 52,001 EMERGENCY VISITS.

    Expenses $71,628,732 · Revenue $110,747,316

  • Expenses $112,998 · Grants $8,000

As filed on the 2024 return.

Listed in Part VII

  • Gustavo A Almodovar

    CEO

    Total calculated
    $604,302
    From this org
    $604,302
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $604,302
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $604,302

  • Felicita Bonilla

    OFFICER

    Total calculated
    $291,949
    From this org
    $291,949
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,949
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $291,949

  • Lizmari Calderon Arce

    FINANCE DIRE

    Total calculated
    $255,507
    From this org
    $255,507
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,507
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $255,507

  • Vanessa M Cardona Rodriguez

    ASSOCIATE AD

    Total calculated
    $198,453
    From this org
    $198,453
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,453
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $198,453

  • Marie Fe Ferrer

    PATIENT ACCO

    Total calculated
    $168,272
    From this org
    $168,272
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,272
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $168,272

  • Juan C Caban Medina

    DIRECTOR INF

    Total calculated
    $148,845
    From this org
    $148,845
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Lydiannette Torres Rivera

    PHARMACY DIR

    Total calculated
    $148,215
    From this org
    $148,215
    From related orgs
    $0
    Other
    $0

  • Jose M Martinez Rodriguez

    PHARMACEUTIC

    Total calculated
    $133,080
    From this org
    $133,080
    From related orgs
    $0
    Other
    $0

  • Iris N Vega

    REHAB CTR SU

    Total calculated
    $126,006
    From this org
    $126,006
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Yeimi Velez

    PHARMACEUTIC

    Total calculated
    $119,665
    From this org
    $119,665
    From related orgs
    $0
    Other
    $0

  • Sonia Medina Almodovar

    PHYSICAL PLA

    Total calculated
    $115,773
    From this org
    $115,773
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Hector I Rivera

    EMERGENCY RO

    Total calculated
    $115,482
    From this org
    $115,482
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kristal R Reyez

    PHARMACEUTIC

    Total calculated
    $112,853
    From this org
    $112,853
    From related orgs
    $0
    Other
    $0

  • Joan Feliciano Melendez

    INFORMATION

    Total calculated
    $104,998
    From this org
    $104,998
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mailin N Perez

    NURSE DEPART

    Total calculated
    $104,998
    From this org
    $104,998
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Cecilia M Jimenez

    PHARMACEUTIC

    Total calculated
    $103,979
    From this org
    $103,979
    From related orgs
    $0
    Other
    $0

  • Olga Flores

    DIRECTOR

    Total calculated
    $99,757
    From this org
    $99,757
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rvdo P William Saltar Arocho

    OFFICER

    Total calculated
    $0

  • Mons Humberto Lopez Bonilla

    VICE PRESIDE

    Total calculated
    $0

  • Fermin Contreras

    OFFICER

    Total calculated
    $0

  • Lcda Melba Acosta Febo

    OFFICER

    Total calculated
    $0

  • Miguel Nazario Franco

    OFFICER

    Total calculated
    $0

  • Rvdo Luis A Mojica Malave

    SECRETARY

    Total calculated
    $0

  • Mons Angel L Rios Matos

    PRESIDENT

    Total calculated
    $0

  • Rvdo P Jorge Caro Morales

    OFFICER

    Total calculated
    $0

  • Rvdo P Daniel Hernandez Velez

    SECRETARY

    Total calculated
    $0

  • Dr Heriberto Sanchez Guzman

    SURGEON

    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. 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

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.

  • SALUS INFIRMORUM INC

    C CORP · MED.OFFICE · PR

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.0
Source object
202523219349318187

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