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Nonprofiteer
← SOMOS HEALTHCARE PROVIDERS INC

Form 990 for tax year 2022

Filed by SOMOS HEALTHCARE PROVIDERS INC.

Totals

Total revenue
$77,520,445
Total expenses
$101,263,628
Contributions and grants received
$29,434,723
Grants paid
$1,311,320
Program service revenue
$46,663,365
Investment income
$875,037
Other revenue
$547,320
Total assets, end of year
$86,975,574
Total liabilities, end of year
$13,148,689
Net assets or fund balances, end of year
$73,826,885
Program services expenses (Part IX)
$93,959,616
Management and general expenses
$7,304,012
Fundraising expenses
$0
Program service expenses (Part III)
$93,959,616

Program services were 92.8% 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)

    $29,434,723

  • 2a · Program service revenue: COVID TESTING

    total $46,663,365 · related or exempt $46,663,365

  • 3 · Investment income

    total $875,037 · excluded $875,037

  • 6a · Gross rents

    real property $189,465

  • 6b · Less rental expenses

    real property $189,465

  • 6c · Rental income or loss

    real property $0

  • 11a · Other revenue: IT REIMBURSEMENTS

    total $391,058 · excluded $391,058

  • 11b · Other revenue: INSURANCE REFUND

    total $155,269 · excluded $155,269

  • 11c · Other revenue: OTHER INCOME

    total $993 · excluded $993

  • 11e · Other revenue, total

    $547,320

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,225,320 · program services $1,225,320

  • 3 · Grants to foreign organizations and individuals

    total $86,000 · program services $86,000

  • 5 · Compensation of officers, directors and key employees

    total $2,661,618 · program services $2,014,046 · management and general $647,572

  • 6 · Compensation of disqualified persons

    total $174,308 · program services $131,899 · management and general $42,409

  • 7 · Other salaries and wages

    total $6,651,523 · program services $5,033,208 · management and general $1,618,315

  • 8 · Pension plan contributions

    total $98,163 · program services $74,280 · management and general $23,883

  • 9 · Other employee benefits

    total $500,180 · program services $378,486 · management and general $121,694

  • 10 · Payroll taxes

    total $636,194 · program services $481,408 · management and general $154,786

  • 11a · Fees: management

    total $960,000 · management and general $960,000

  • 11b · Fees: legal

    total $1,161,087 · management and general $1,161,087

  • 11c · Fees: accounting

    total $174,184 · management and general $174,184

  • 11d · Fees: lobbying

    total $505,000 · program services $505,000

  • 11g · Fees: other

    total $27,981,830 · program services $26,955,244 · management and general $1,026,586

  • 12 · Advertising and promotion

    total $3,623,197 · program services $3,450,232 · management and general $172,965

  • 13 · Office expenses

    total $407,813 · program services $237,544 · management and general $170,269

  • 14 · Information technology

    total $11,361,638 · program services $11,112,644 · management and general $248,994

  • 16 · Occupancy

    total $1,268,335 · program services $930,958 · management and general $337,377

  • 17 · Travel

    total $1,112,592 · program services $816,643 · management and general $295,949

  • 22 · Depreciation, depletion and amortization

    total $246,058 · program services $186,192 · management and general $59,866

  • 23 · Insurance

    total $319,527 · program services $234,533 · management and general $84,994

  • 24a · Other expenses: COVID TESTING EXPENSES

    total $40,097,478 · program services $40,097,478

  • 24b · Other expenses: MISCELLANEOUS

    total $11,583 · program services $8,501 · management and general $3,082

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,781 · end of year $1,017,029

  • 2 · Savings and temporary cash investments

    beginning of year $83,782,690 · end of year $46,935,049

  • 4 · Accounts receivable

    beginning of year $23,889,587 · end of year $1,035,114

  • 7 · Other notes and loans receivable

    beginning of year $75,297 · end of year $575,297

  • 9 · Prepaid expenses and deferred charges

    beginning of year $449,630 · end of year $869,092

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

    $946,979

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

    $739,536

  • 10c · Land, buildings and equipment, net

    beginning of year $393,152 · end of year $207,443

  • 13 · Investments: program-related

    beginning of year $34,323,442 · end of year $34,323,442

  • 15 · Other assets

    beginning of year $375,000 · end of year $2,013,108

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,153,461 · end of year $11,406,013

  • 25 · Other liabilities

    beginning of year $582,050 · end of year $1,742,676

  • 27 · Net assets without donor restrictions

    beginning of year $97,570,068 · end of year $73,826,885

Mission and programs · 2022

Mission

SOMOS COMMUNITY CARE'S MISSION IS TO EXPAND EQUITY IN HEALTHCARE FOR THE MOST UNDERSERVED COMMUNITIES IN NEW YORK. TO FULFILL OUR MISSION, OUR NETWORK PROVIDERS DELIVER EXCEPTIONAL, HIGHLY ACCESSIBLE, COMMUNITY-BASED, PATIENT-CENTERED, CULTURALLY COMPETENT, PREVENTIVE, AND VALUE-BASED CARE FOR THE MOST VULNERABLE COMMUNITIES IN THE BRONX, KINGS, NEW YORK, QUEENS COUNTIES, AND LONG ISLAND. BY CONTINUING TO ADVANCE A CRUCIAL MULTI-YEAR, COMPREHENSIVE REFORM ROADMAP TOWARDS VALUE-BASED CARE (KNOWN AS DSRIP) THAT TRACES BACK TO THE ORGANIZATION'S FOUNDING, SOMOS CONCURRENTLY IMPROVES PATIENT OUTCOMES AND LOWERS COSTS.

Activities or mission (Part I)

SOMOS HEALTHCARE PROVIDER'S MISSION IS TO EXPAND HEALTHY EQUITY AND ENSURE THE SUSTAINABILITY OF AN INDEPENDENT NETWORK OF PROVIDERS IN NEW YORK.

  • AFFIRMING THE GOALS AND IMPORTANCE OF VALUE-BASED HEALTHCARE, SOMOS PROMOTES THE QUALITY OF CARE IN NEW YORK'S UNDERSERVED COMMUNITIES BY BUILDING NETWORK PROVIDER CAPACITY TO DELIVER EFFECTIVE, TARGETED PREVENTIVE CARE WHILE ALSO ADVANCING THEIR SUSTAINABILITY. THIS IS ACHIEVED BY SUPPORTING PROVIDER COLLABORATION, PROACTIVE MANAGEMENT OF POPULATION HEALTH, ENGAGING IN CARE COORDINATION AND CARE MANAGEMENT, AND PROVIDING ROBUST DATA COLLECTION AND ANALYTICS THEREBY SUPPORTING THE ABILITY TO APPLY QUALITY METRICS AND PERFORMANCE MEASURES. SOMOS IS A SOCIAL CARE NETWORK WITH A PARTICULAR FOCUS ON ADDRESSING HEALTH INEQUITIES, PROVIDING SOLUTIONS FOR A BROAD ARRAY OF SOCIAL CARE NEEDS FOR THOSE WHO ARE CHRONICALLY SICK, HARDEST TO REACH, AND PERSISTENTLY LEFT OUT. TO BREAK DOWN THESE SYSTEMIC INEQUITIES AND FULLY ADDRESS WHOLE-PERSON HEALTH NEEDS WITH A PREVENTATIVE FOCUS, SOMOS ENGAGES IN COMMUNITY-BASED PUBLIC HEALTH ENGAGEMENT AND EDUCATION WITH A TRUSTED WORKFORCE THAT IS PART OF THE FABRIC OF THE COMMUNITY. SOMOS ESTABLISHES PARTNERSHIPS WITH LOCAL RELIGIOUS INSTITUTIONS AND COMMUNITY-BASED ORGANIZATIONS FOR THE PROVISION OF COMPREHENSIVE SOCIAL ASSISTANCE FOR WHICH COMMUNITY MEMBERS ARE ELIGIBLE INCLUDING HOUSING, FOOD ASSISTANCE, ETC. SOMOS' TRUSTED VOICES ARE ALSO USED IN THE MULTI-YEAR STRATEGIC COMMUNICATIONS AND BRANDING SPECIFICALLY DEVELOPED FOR COMMUNITIES THAT ARE TRADITIONALLY DISCONNECTED FROM THE HEALTHCARE SYSTEM AND THUS HAVE LOW HEALTH LITERACY. AS A RESULT, SOMOS HAS GARNERED MILLIONS OF MEDIA IMPRESSIONS AND IS ALSO ABLE TO ADVANCE POPULATION HEALTH WITH GREAT SUCCESS WHILE ALSO DISSEMINATING IMPORTANT DATA FROM PARTICIPATORY RESEARCH AND COMMUNITY NEEDS ASSESSMENTS. THROUGH THESE COMBINED APPROACHES TO ADVANCING COMMUNITY-BASED, PREVENTIVE, VALUE-BASED CARE, SOMOS SUPPORTS INNOVATION IN MEDICAID AND MEDICARE EQUITABLE DELIVERY MODELS.DURING THE COVID-19 PANDEMIC, SOMOS WAS AT THE FOREFRONT OF THE RESPONSE IN NEW YORK, OPERATING IN-LANGUAGE TESTING SITES IN POOR UNDERSERVED NEIGHBORHOODS, ADMINISTERING THOUSANDS OF ANTIBODY TESTS TO KEEP NEW YORK CITY RUNNING, AND ESTABLISHING VACCINATION SITES IN PROMINENT SITES IN COMMUNITIES OF COLOR. SOMOS ALSO ESTABLISHED THE FIRST MULTILINGUAL CALL CENTER IN NEW YORK CITY AND LAUNCHED VITAL STRATEGIC COMMUNICATIONS CAMPAIGNS TO REACH AND EDUCATE TERRIFIED, SICK PATIENTS VICTIMIZED BY MISINFORMATION AND SKEPTICAL OF HEALTH INSTITUTIONS. ULTIMATELY SOMOS TESTED OVER 1 MILLION PEOPLE, VACCINATED OVER 1 MILLION PEOPLE, AND SERVED OVER 2 MILLION FREE, NUTRITIOUS MEALS TO THE CITY'S MOST AT-RISK RESIDENTS DURING THE PANDEMIC.

    Expenses $93,959,616 · Grants $1,311,320 · Revenue $46,663,365

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ramon Tallaj MD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Henry Chen MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Oscar Fukilman MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • William Cheung MD

    TRUSTEE THRU MARCH 2022

    Total calculated
    $0
    Hours/week
    2

  • Ming Zhu MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Stephen Rosenthal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Victor Peralta MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Francisco Rosario MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Zhang

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mario Paredes

    CEO

    Total calculated
    $503,595
    From this org
    $475,010
    From related orgs
    $0
    Other
    $28,585
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $452,601
    Bonus
    $11,649
    Other
    $10,760
    Deferred
    $16,954
    Nontaxable benefits
    $11,631
    Filer's total
    $503,595

  • Tracey Lin

    CFO

    Total calculated
    $424,736
    From this org
    $399,395
    From related orgs
    $0
    Other
    $25,341
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $362,635
    Bonus
    $9,760
    Other
    $27,000
    Deferred
    $16,007
    Nontaxable benefits
    $9,334
    Filer's total
    $424,736

  • Lidia Virgil

    COO

    Total calculated
    $526,467
    From this org
    $500,803
    From related orgs
    $0
    Other
    $25,664
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $491,043
    Bonus
    $9,760
    Other
    $0
    Deferred
    $16,559
    Nontaxable benefits
    $9,105
    Filer's total
    $526,467

  • Dean Carilli

    CHIEF COMPLIANCE OFFICER

    Total calculated
    $180,580
    From this org
    $173,661
    From related orgs
    $0
    Other
    $6,919
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,661
    Bonus
    $5,000
    Other
    $0
    Deferred
    $6,919
    Nontaxable benefits
    $0
    Filer's total
    $180,580

  • Alexandro Damiron

    CHIEF OF STAFF

    Total calculated
    $491,953
    From this org
    $476,898
    From related orgs
    $0
    Other
    $15,055
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $467,138
    Bonus
    $9,760
    Other
    $0
    Deferred
    $15,055
    Nontaxable benefits
    $0
    Filer's total
    $491,953

  • Thomas Maruschak

    CHIEF COMPLIANCE OFFICER THRU JUNE 2022

    Total calculated
    $109,003
    From this org
    $93,199
    From related orgs
    $0
    Other
    $15,804
    Hours/week
    40

  • Steven Meisinger

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Gloria Wong

    VP OF OPERATIONS & EVP

    Total calculated
    $425,283
    From this org
    $400,171
    From related orgs
    $0
    Other
    $25,112
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $390,411
    Bonus
    $9,760
    Other
    $0
    Deferred
    $16,007
    Nontaxable benefits
    $9,105
    Filer's total
    $425,283

  • Carlos Cuevas

    EVP OF HEALTHCARE INNOVATIONS

    Total calculated
    $393,399
    From this org
    $365,863
    From related orgs
    $0
    Other
    $27,536
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $336,350
    Bonus
    $9,013
    Other
    $20,500
    Deferred
    $14,781
    Nontaxable benefits
    $12,755
    Filer's total
    $393,399

  • Elizabeth Dixon-Webb

    VP OF HUMAN RESOURCES

    Total calculated
    $376,897
    From this org
    $351,592
    From related orgs
    $0
    Other
    $25,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $317,272
    Bonus
    $7,320
    Other
    $27,000
    Deferred
    $12,594
    Nontaxable benefits
    $12,711
    Filer's total
    $376,897

  • Helen Halchuk

    PHARMACY COORDINATOR

    Total calculated
    $249,570
    From this org
    $249,570
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,570
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $249,570

  • Concetta Pryor

    FINANCE VBP THRU FEB. 2022

    Total calculated
    $229,406
    From this org
    $225,356
    From related orgs
    $0
    Other
    $4,050
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,641
    Bonus
    $0
    Other
    $113,715
    Deferred
    $4,050
    Nontaxable benefits
    $0
    Filer's total
    $229,406

  • Domingo Carlos Nuenez

    FUNCTIONAL AREA DIRECTOR

    Total calculated
    $241,983
    From this org
    $223,962
    From related orgs
    $0
    Other
    $18,021
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,962
    Bonus
    $0
    Other
    $0
    Deferred
    $8,959
    Nontaxable benefits
    $9,062
    Filer's total
    $241,983

  • Thomas Hoering Esq

    FORMER VP OF LEGAL AFFAIRS

    Total calculated
    $174,308
    From this org
    $174,308
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $174,308
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $174,308

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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)

PART I, LINE 4A
THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE IN THEIR 2022 W-2S: $173,885 - THOMAS HOERING $113,715 - CONCETTA PRYOR
PART I, LINE 7
THE ORGANIZATION PAID PERFORMANCE BASED BOARD-APPROVED BONUSES IN 2022.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349331973

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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