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Nonprofiteer
← BORINQUEN HEALTH CARE CENTER INC

Form 990 for tax year 2023

Filed by BORINQUEN HEALTH CARE CENTER INC.

Totals

Total revenue
$67,605,536
Total expenses
$59,566,352
Contributions and grants received
$30,610,676
Grants paid
$56,350
Program service revenue
$36,351,311
Investment income
$224,946
Other revenue
$418,603
Total assets, end of year
$39,798,606
Total liabilities, end of year
$12,554,684
Net assets or fund balances, end of year
$27,243,922
Program services expenses (Part IX)
$49,214,854
Management and general expenses
$10,351,498
Fundraising expenses
$0
Program service expenses (Part III)
$49,214,854

Program services were 82.6% 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)

    $21,710,909

  • 1f · All other contributions, gifts and grants

    $8,899,767

  • 1g · Noncash contributions included above

    $24,642

  • 2a · Program service revenue: PHARMACY REVENUE

    total $20,177,256 · related or exempt $20,177,256

  • 2b · Program service revenue: NET PATIENT SERVICE

    total $16,127,808 · related or exempt $16,127,808

  • 2c · Program service revenue: OTHER REVENUE

    total $46,247 · related or exempt $46,247

  • 3 · Investment income

    total $223,303 · excluded $223,303

  • 4 · Income from investment of tax-exempt bond proceeds

    total $1,643 · excluded $1,643

  • 6a · Gross rents

    real property $418,603

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $418,603

  • 6d · Net rental income or loss

    total $418,603 · excluded $418,603

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $56,350 · program services $56,350

  • 5 · Compensation of officers, directors and key employees

    total $3,916,859 · program services $3,121,151 · management and general $795,708

  • 7 · Other salaries and wages

    total $22,365,633 · program services $17,234,391 · management and general $5,131,242

  • 9 · Other employee benefits

    total $5,571,684 · program services $4,269,035 · management and general $1,302,649

  • 11b · Fees: legal

    total $452,616 · program services $290,299 · management and general $162,317

  • 11c · Fees: accounting

    total $156,918 · program services $100,644 · management and general $56,274

  • 11g · Fees: other

    total $1,960,433 · program services $1,257,385 · management and general $703,048

  • 12 · Advertising and promotion

    total $53,100 · program services $49,183 · management and general $3,917

  • 13 · Office expenses

    total $3,580,792 · program services $3,316,649 · management and general $264,143

  • 14 · Information technology

    total $514,929 · program services $476,944 · management and general $37,985

  • 16 · Occupancy

    total $1,246,194 · program services $769,239 · management and general $476,955

  • 17 · Travel

    total $80,633 · program services $74,685 · management and general $5,948

  • 20 · Interest

    total $181,096 · program services $171,573 · management and general $9,523

  • 22 · Depreciation, depletion and amortization

    total $1,325,014 · program services $1,258,703 · management and general $66,311

  • 23 · Insurance

    total $437,372 · program services $405,109 · management and general $32,263

  • 24a · Other expenses: PHARMACY EXPENSES

    total $14,708,525 · program services $13,623,527 · management and general $1,084,998

  • 24b · Other expenses: MEDICAL SUPPLIES AND DR

    total $2,330,618 · program services $2,158,696 · management and general $171,922

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $627,586 · program services $581,291 · management and general $46,295

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,457,623 · end of year $10,292,663

  • 2 · Savings and temporary cash investments

    beginning of year $3,062,199 · end of year $4,095,071

  • 3 · Pledges and grants receivable

    beginning of year $3,288,927 · end of year $3,708,687

  • 4 · Accounts receivable

    beginning of year $3,818,407 · end of year $3,382,772

  • 9 · Prepaid expenses and deferred charges

    beginning of year $885,965 · end of year $1,130,309

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

    $29,197,189

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

    $15,386,586

  • 10c · Land, buildings and equipment, net

    beginning of year $13,856,865 · end of year $13,810,603

  • 12 · Investments: other securities

    beginning of year $19,211 · end of year $20,854

  • 15 · Other assets

    beginning of year $2,331,746 · end of year $3,357,647

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,185,810 · end of year $3,712,869

  • 19 · Deferred revenue

    beginning of year $1,124,465 · end of year $904,376

  • 23 · Secured mortgages and notes payable

    beginning of year $4,950,427 · end of year $4,808,005

  • 25 · Other liabilities

    beginning of year $2,255,503 · end of year $3,129,434

  • 27 · Net assets without donor restrictions

    beginning of year $19,204,738 · end of year $27,243,922

Mission and programs · 2023

Mission

BORINQUEN MEDICAL CENTERS PROVIDE A COMPREHENSIVE RANGE OF HEALTHAND SOCIAL SERVICES TO OUR CULTURALLY DIVERSE COMMUNITY INMIAMI-DADE COUNTY. OUR QUALITY SERVICES ARE ACCESSIBLE TO ALLPEOPLE THROUGHOUT THE AREA THROUGH A MULTI-DISCIPLINE APPROACH.

Activities or mission (Part I)

BORINQUEN MEDICAL CENTERS PROVIDE A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES TO OUR CULTURALLY DIVERSE COMMUNITY IN MIAMI-DADE COUNTY. OUR QUALITY SERVICES ARE ACCESSIBLE TO ALL PEOPLE THROUGHOUT THE AREA THROUGH A MULTI-DISCIPLINE APPROACH.

  • BORINQUEN HEALTH CARE CENTER OPERATES MEDICAL CENTERS IN MIAMI-DADECOUNTY SERVING PATIENTS AND UNDERSERVED POPULATIONS. THE OPERATIONSCONDUCTED INCLUDE PRIMARY CARE, PEDIATRIC CARE, DENTAL CARE, OBSTETRICS ANDGYNECOLOGY CARE, AND BEHAVIORAL AND SPECIALTY HEALTH CARE.

    Expenses $49,214,854 · Grants $56,350 · Revenue $36,351,311

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

Listed in Part VII

  • EVA PEREZ

    CHAIRPERSON OF THE BOARD

    Total calculated
    $0
    Hours/week
    3

  • IVETTE VELEZ

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3

  • MARIE ASTRIDE BOBO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • MARGARET LAFOREST

    RN SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • NESTOR CHARDON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • LUIS DE ROSA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JOCELYN MICHEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • IVAN NASER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • VICTOR ALBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CYNTHIA WOLPER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • HECTOR COLLAZO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • PAUL CARL VELEZ

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $606,393
    From this org
    $556,169
    From related orgs
    $0
    Other
    $50,224
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $517,076
    Bonus
    $16,000
    Other
    $23,093
    Deferred
    $28,410
    Nontaxable benefits
    $21,814
    Filer's total
    $606,393

  • DEBORAH GRACIA

    CHIEF MEDICAL OFFICER

    Total calculated
    $498,568
    From this org
    $437,193
    From related orgs
    $0
    Other
    $61,375
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $435,227
    Bonus
    $1,000
    Other
    $966
    Deferred
    $32,318
    Nontaxable benefits
    $29,057
    Filer's total
    $498,568

  • SINDIA ROSENAY

    CHIEF FINANCIAL OFFICER

    Total calculated
    $303,379
    From this org
    $293,099
    From related orgs
    $0
    Other
    $10,280
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,469
    Bonus
    $1,000
    Other
    $630
    Deferred
    $350
    Nontaxable benefits
    $9,930
    Filer's total
    $303,379

  • DIEGO SHMUELS

    CHIEF QUALITY OFFICER

    Total calculated
    $323,840
    From this org
    $289,812
    From related orgs
    $0
    Other
    $34,028
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,846
    Bonus
    $1,000
    Other
    $966
    Deferred
    $25,141
    Nontaxable benefits
    $8,887
    Filer's total
    $323,840

  • MICHELLE SOHEIL

    DIRECTOR OF DENTAL SERVICE

    Total calculated
    $316,762
    From this org
    $294,286
    From related orgs
    $0
    Other
    $22,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,320
    Bonus
    $1,000
    Other
    $966
    Deferred
    $4,833
    Nontaxable benefits
    $17,644
    Filer's total
    $316,763

  • MICHAEL ROSE

    DIRECTOR OF PHARMACY

    Total calculated
    $290,503
    From this org
    $248,495
    From related orgs
    $0
    Other
    $42,008
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,509
    Bonus
    $1,000
    Other
    $2,986
    Deferred
    $31,358
    Nontaxable benefits
    $10,650
    Filer's total
    $290,503

  • JUAN CRUZ

    DIRECTOR OF OPERATIONS

    Total calculated
    $234,688
    From this org
    $221,340
    From related orgs
    $0
    Other
    $13,348
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,483
    Bonus
    $1,000
    Other
    $8,857
    Deferred
    $4,168
    Nontaxable benefits
    $9,180
    Filer's total
    $234,688

  • DOMINGO GARCIA

    PHYSICIAN

    Total calculated
    $236,486
    From this org
    $214,684
    From related orgs
    $0
    Other
    $21,802
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,976
    Bonus
    $1,000
    Other
    $3,708
    Deferred
    $2,600
    Nontaxable benefits
    $19,202
    Filer's total
    $236,486

  • ALBERTO MESTRE

    DIRECTOR OF SPECIALTY CARE

    Total calculated
    $243,054
    From this org
    $210,526
    From related orgs
    $0
    Other
    $32,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,776
    Bonus
    $1,000
    Other
    $2,750
    Deferred
    $0
    Nontaxable benefits
    $32,528
    Filer's total
    $243,054

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

Provenance

Return type
form_990
Tax year
2023
Filed
16 December 2024
IRS schema version
2023v5.1
Source object
202423519349300127

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