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Nonprofiteer
← PROMESA RESIDENTIAL HEALTH CARE FACILITY INC

Form 990 for tax year 2023

Filed by PROMESA RESIDENTIAL HEALTH CARE FACILITY INC.

Totals

Total revenue
$10,741,642
Total expenses
$15,748,849
Contributions and grants received
$131,510
Grants paid
$0
Program service revenue
$10,551,922
Investment income
$28,161
Other revenue
$30,049
Total assets, end of year
$21,455,179
Total liabilities, end of year
$12,671,959
Net assets or fund balances, end of year
$8,783,220
Program services expenses (Part IX)
$13,580,148
Management and general expenses
$2,168,701
Fundraising expenses
$0
Program service expenses (Part III)
$13,580,148

Program services were 86.2% 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)

    $126,380

  • 1f · All other contributions, gifts and grants

    $5,130

  • 2a · Program service revenue: PATIENT REVENUE

    total $10,551,922 · related or exempt $10,551,922

  • 3 · Investment income

    total $28,161 · excluded $28,161

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $109,000

  • 6b · Less rental expenses

    real property $109,000

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · excluded $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $30,049 · related or exempt $30,049

  • 11e · Other revenue, total

    $30,049

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $186,305 · program services $174,735 · management and general $11,570

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $7,875,927 · program services $7,386,766 · management and general $489,161

  • 8 · Pension plan contributions

    total $259,688 · program services $243,559 · management and general $16,129

  • 9 · Other employee benefits

    total $1,818,372 · program services $1,705,436 · management and general $112,936

  • 10 · Payroll taxes

    total $584,880 · program services $548,554 · management and general $36,326

  • 11a · Fees: management

    total $542,614 · program services $104,575 · management and general $438,039

  • 11b · Fees: legal

    total $2,712 · program services $2,712

  • 11c · Fees: accounting

    total $93,621 · management and general $93,621

  • 11d · Fees: lobbying

    total $12,490 · management and general $12,490

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,144,264 · program services $788,449 · management and general $355,815

  • 12 · Advertising and promotion

    total $50,083 · program services $18,026 · management and general $32,057

  • 13 · Office expenses

    total $747,762 · program services $554,493 · management and general $193,269

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $594,843 · program services $498,840 · management and general $96,003

  • 17 · Travel

    total $34,214 · program services $6,507 · management and general $27,707

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $2,153 · program services $697 · management and general $1,456

  • 20 · Interest

    total $105,065 · management and general $105,065

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $783,167 · program services $685,766 · management and general $97,401

  • 23 · Insurance

    total $251,693 · program services $202,037 · management and general $49,656

  • 24a · Other expenses: NYS DOH ASSESSMENT

    total $658,996 · program services $658,996

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $5,241,261 · end of year $1,060,654

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,244,907 · end of year $1,803,726

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $212,109 · end of year $105,253

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

    $30,308,422

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

    $21,060,049

  • 10c · Land, buildings and equipment, net

    beginning of year $9,746,989 · end of year $9,248,373

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $222,869 · end of year $222,869

  • 13 · Investments: program-related

    beginning of year $5,301,108 · end of year $5,301,108

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $4,226,687 · end of year $3,713,196

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,436,627 · end of year $2,458,759

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $115,831 · end of year $100,303

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $8,831,666 · end of year $8,765,742

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,021,379 · end of year $1,347,155

  • 27 · Net assets without donor restrictions

    beginning of year $13,790,427 · end of year $8,783,220

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

PROMESA RESIDENTIAL HEALTH CARE FACILITY OPERATES A 108 BED LONG TERM CARE FACILITY THAT PROVIDES COMPREHENSIVE, HOLISTIC, CULTURALLY AND LINGUISTICALLY COMPETENT SERVICES TO INDIVIDUALS LIVING WITH ACQUIRED IMMUNE DEFICIENCY SYNDROME (AIDS) OR OTHER HIV RELATED ILLNESSES.

Activities or mission (Part I)

to maintain and operate a residential health care facility

  • PROMESA RHCF PROVIDES HEALTH CARE AND RESIDENTIAL CARE FOR ADULTS WHO TEST POSITIVE FOR THE HUMAN IMMUNODEFICIENCY VIRUS (HIV) AND ARE DIAGNOSED AS HAVING ACQUIRED IMMUNE DEFICIENCY SYNDROME (AIDS). TOTAL CAPACITY FOR THE FACILITY IS 108 BEDS. DURING 2023, THE FACILITY PROVIDED 27,091 DAYS OF SKILLED NURSING CARE.

    Expenses $13,580,148 · Revenue $10,551,922

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

Listed in Part VII

  • Raul Russi

    PRESIDENT

    Total calculated
    $980,006
    From this org
    $0
    From related orgs
    $909,372
    Other
    $70,634
    Hours/week
    2 + 33 related

    Schedule J breakdown matched by us

    Base
    $0 + $698,458 related
    Bonus
    $0 + $210,914 related
    Other
    $0
    Deferred
    $0 + $22,875 related
    Nontaxable benefits
    $0 + $47,759 related
    Filer's total
    $0 + $980,006 related

  • Lymaris Albors

    chief executive officer

    Total calculated
    $842,965
    From this org
    $0
    From related orgs
    $803,886
    Other
    $39,079
    Hours/week
    2 + 33 related

    Schedule J breakdown matched by us

    Base
    $0 + $620,142 related
    Bonus
    $0 + $183,744 related
    Other
    $0
    Deferred
    $0 + $22,579 related
    Nontaxable benefits
    $0 + $16,500 related
    Filer's total
    $0 + $842,965 related

  • Jose A Rodriguez

    chief legal officer/exec. vp

    Total calculated
    $639,637
    From this org
    $0
    From related orgs
    $602,553
    Other
    $37,084
    Hours/week
    2 + 33 related

    Schedule J breakdown matched by us

    Base
    $0 + $504,163 related
    Bonus
    $0 + $98,390 related
    Other
    $0
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $21,834 related
    Filer's total
    $0 + $639,637 related

  • Vicky Gatell

    CHIEF FINANCIAL OFFICER

    Total calculated
    $497,576
    From this org
    $0
    From related orgs
    $454,869
    Other
    $42,707
    Hours/week
    2 + 33 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,001 related
    Bonus
    $0 + $73,868 related
    Other
    $0
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $27,457 related
    Filer's total
    $0 + $497,576 related

  • Kingsley Nwokeji

    PSYCHIATRIST

    Total calculated
    $221,248
    From this org
    $212,034
    From related orgs
    $0
    Other
    $9,214
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $212,034
    Bonus
    $0
    Other
    $0
    Deferred
    $8,578
    Nontaxable benefits
    $636
    Filer's total
    $221,248

  • Mekonnen Abebe

    MEDICAL DIRECTOR

    Total calculated
    $186,305
    From this org
    $155,622
    From related orgs
    $0
    Other
    $30,683
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $155,622
    Bonus
    $0
    Other
    $0
    Deferred
    $12,534
    Nontaxable benefits
    $18,149
    Filer's total
    $186,305

  • Alejandro Quintana-Velasquez

    Director of Nursing

    Total calculated
    $159,420
    From this org
    $126,373
    From related orgs
    $0
    Other
    $33,047
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $126,373
    Bonus
    $0
    Other
    $0
    Deferred
    $5,719
    Nontaxable benefits
    $27,328
    Filer's total
    $159,420

  • Belinda Morton

    MDS Coordinator

    Total calculated
    $159,079
    From this org
    $139,706
    From related orgs
    $0
    Other
    $19,373
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $139,706
    Bonus
    $0
    Other
    $0
    Deferred
    $6,895
    Nontaxable benefits
    $12,478
    Filer's total
    $159,079

  • Kalani M Peterson

    Senior Administrator

    Total calculated
    $157,088
    From this org
    $144,567
    From related orgs
    $0
    Other
    $12,521
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $144,567
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,521
    Filer's total
    $157,088

  • Guillermo Noriega

    Director of Social Services

    Total calculated
    $148,636
    From this org
    $110,113
    From related orgs
    $0
    Other
    $38,523
    Hours/week
    35

  • Federico Perez

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Frank Quiles

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Carmen J Villa-Lugo Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Alma R CANDELAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Gilbert Hernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 10 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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART 1, LINE 3
PURSUANT TO THE ORGANIZATION'S BYLAWS, THE ORGANIZATION DELEGATES TO ITS PARENT ENTITY THE HIRING OF THE CEO AND PRESIDENT. THE COMPENSATION OF THE EXECUTIVES IS APPROVED BY THE PARENT ENTITY, WHO HIRES A CONSULTANT TO CONDUCT A STUDY. A STANDING COMPENSATION COMMITTEE OF THE PARENT ENTITY REVIEWS A COMPENSATION STUDY AND VOTES ON HOW TO PROCEED.
SCHEDULE J, PART I, LINE 7
THE BONUSES FOR THE CEO AND PRESIDENT ARE APPROVED BY THE BOARD OF THE PARENT ENTITY. THE REMAINING EXECUTIVE BONUSES ARE APPROVED BY THE CEO.

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 1675 JV Associates LLC

    N/A · Housing · NY

    Directly controlled by Promesa HDFC

  • 245 E Mosholu Apts LLC

    N/A · Housing · NY

    Directly controlled by 245 E Mosholu

  • 980 Prospect LLC

    N/A · Real Estate · NY

    Directly controlled by Promesa Enterpr

  • Acacia Gardens Affordable LLC

    N/A · Housing · NY

    Directly controlled by Acacia Gardens

  • Acacia Gardens Development LLC

    N/A · Development · NY

    Directly controlled by Acacia Gardens

  • Audubon Pharmacy LLC

    N/A · Retail Pharma · NY

    Directly controlled by Promesa Enterpr

  • Bella Vista LP

    Housing · NY

    Directly controlled by Bella Vista

  • Bushwick Gardens I PA LLC

    Housing · PA

    Directly controlled by Acacia Brooklyn

  • Casa Acacia LLC

    Real Estate · NY

    Directly controlled by Promesa Enterpr

  • Crotona Park Residences LLC

    N/A · Housing · NY

    Directly controlled by Crotona Park

  • Hope Gardens I PA LLC

    N/A · Housing · NY

    Directly controlled by Acacia Brooklyn

  • La Casa Quinta LP

    N/A · Housing · NY

    Directly controlled by El Barrios Oper

  • La Plaza de Virginia GP LLC

    N/A · Housing · NY

    Directly controlled by Hispanos Unidos

  • La Plaza de Virginia Owners LLC

    N/A · Housing · NY

    Directly controlled by La Plaza de Vir

  • La Plaza del Barrio LLC

    N/A · Housing · NY

    Directly controlled by Acacia Real Est

  • Maria Isabel LP

    N/A · Housing · NY

    Directly controlled by Maria Isabel

  • Maria Isabel Members LLC

    N/A · Housing · NY

    Directly controlled by Acacia Maria Is

  • Melrose Estates Housing LP

    N/A · Housing · NY

    Directly controlled by Melrose Court

  • Palacio Dorado LLC

    N/A · Housing · NY

    Directly controlled by Palacio Dorado

  • Promesa Apartments Limited Partnership

    N/A · Housing · NY

    Directly controlled by Promesa HDFC

  • Promesa Court Limited Partnership

    N/A · Housing · NY

    Directly controlled by Promesa Court

  • Promesa Court Residences Limited Partner

    Housing · NY

    Directly controlled by Promesa Court

  • San Jose LP

    N/A · Housing · NY

    Directly controlled by El Barrios Oper

  • San Jose Revedelopment Corp

    N/A · Housing · NY

    Directly controlled by El Barrios Oper

  • SV-B Partners LLC

    N/A · Housing · NY

    Directly controlled by La Plaza de Bar

  • Urban Renaissance Collaboration Limited

    Housing · NY

    Directly controlled by URC

  • Virginia House Residences LLC

    Housing · NY

    Directly controlled by Virginia House

  • West Tremont Residences LLC

    Housing · NY

    Directly controlled by West Tremont

Related corporations and trusts

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

  • 152 E 116th HDFC

    C Corp · Housing · NY

    Directly controlled by El Barrio Opera

  • 1675 Westchester Avenue Inc

    C Corp · Housing · NY

    Directly controlled by Promesa HDFC

  • 245 E Mosholu Inc

    C Corp · GP Housing · NY

    Directly controlled by 245 E Mosholu

  • 3196 3rd Ave Corp

    C Corp · Real Estate · NY

    Directly controlled by Don Pancho

  • 454 W 146th Street HDFC

    C Corp · Housing · NY

    Directly controlled by ACDP

  • 471 W 145th Street HDFC

    C Corp · Housing · NY

    Directly controlled by ACDP

  • 517 W 173rd Street HDFC

    C Corp · Housing · NY

    Directly controlled by ACDP

  • Acacia Brooklyn Corp

    C Corp · Housing · NY

    Directly controlled by Acacia Real Est

  • Acacia Gardens GP Inc

    C Corp · Housing · NY

    Directly controlled by Acacia Gardens

  • Acacia Maria Isabel Inc

    C Corp · GP Housing · NY

    Directly controlled by Promesa HDFC

  • ACD Affordable Corporation

    C Corp · Housing · NY

    Directly controlled by Acacia Gardens

  • Bella Vista Housing Company Inc

    C Corp · GP Housing · NY

    Directly controlled by SBCMC

  • Bronx Investors Holding Company Inc

    C Corp · Investing Hou · NY

    Directly controlled by SBCMC

  • Crotona Park Managers Inc

    C Corp · GP Housing · NY

    Directly controlled by Promesa HDFC

  • Don Pancho Development Corporation

    C Corp · Maintenance · NY

    Directly controlled by Bronx Investors

  • El Batey Housing Company Inc

    C Corp · GP Housing · NY

    Directly controlled by SBCMC

  • Five Fifteen West Inc

    C Corp · Housing · NY

    Directly controlled by ACDP

  • La Casa Quinta Dev Corp

    C Corp · Housing · NY

    Directly controlled by El Barrio Opera

  • Melrose Court Housing Company Inc

    C Corp · GP Housing · NY

    Directly controlled by SBCMC

  • One Seventy Four Inc

    C Corp · Housing · NY

    Directly controlled by ACDP

  • Palacio Dorado Development Inc

    C Corp · Housing · NY

    Directly controlled by Acacia Puerto R

  • Promesa Collateral Trust

    Trust · Insurance · NY

    Directly controlled by Acacian Network

  • Promesa Community Apartments

    C Corp · GP Housing · NY

    Directly controlled by Promesa HDFC

  • Promesa Court Estates Inc

    C Corp · GP Housing · NY

    Directly controlled by Acacia

  • Promesa Enterprises Ltd

    C Corp · Investment Mg · NY

    Directly controlled by Acacia

  • Urban Renaissance Collaboration Inc

    C Corp · GP Housing · NY

    Directly controlled by Promesa HDFC

  • Virginia House Managers Inc

    C Corp · GP Housing · NY

    Directly controlled by Promesa HDFC

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403189349307115

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