Skip to content
Nonprofiteer
← HPM FOUNDATION INC

Form 990 for tax year 2024

Filed by HPM FOUNDATION INC.

Totals

Total revenue
$60,529,189
Total expenses
$59,628,305
Contributions and grants received
$7,223,218
Grants paid
$0
Program service revenue
$52,590,789
Investment income
$0
Other revenue
$715,182
Total assets, end of year
$38,034,279
Total liabilities, end of year
$2,826,066
Net assets or fund balances, end of year
$35,208,213
Program services expenses (Part IX)
$49,981,941
Management and general expenses
$9,646,364
Fundraising expenses
$0
Program service expenses (Part III)
$49,981,941

Program services were 83.8% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $7,156,481

  • 1f · All other contributions, gifts and grants

    $66,737

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: CAPITATION CONTRACT

    total $40,799,915 · related or exempt $40,799,915 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: PHARMACY REVENUES

    total $3,631,792 · related or exempt $3,631,792 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: WRAPAROUND PAYMENTS

    total $3,636,307 · related or exempt $3,636,307 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: PATIENT SERVICES REVENUES

    total $4,522,775 · related or exempt $4,522,775 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11d · All other revenue

    total $715,182 · related or exempt $715,182 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $715,182

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,691,772 · management and general $2,691,772

  • 7 · Other salaries and wages

    total $7,985,044 · program services $7,312,122 · management and general $672,922

  • 10 · Payroll taxes

    total $2,646,603 · program services $840,700 · management and general $1,805,903

  • 11b · Fees: legal

    total $213,171 · management and general $213,171

  • 11g · Fees: other

    total $3,529,174 · program services $2,890,974 · management and general $638,200

  • 13 · Office expenses

    total $349,785 · program services $146,280 · management and general $203,505

  • 14 · Information technology

    total $911,533 · program services $66,583 · management and general $844,950

  • 16 · Occupancy

    total $148,030 · management and general $148,030

  • 17 · Travel

    total $383,574 · program services $295,269 · management and general $88,305

  • 19 · Conferences, conventions and meetings

    total $230,494 · management and general $230,494

  • 20 · Interest

    total $50,637 · management and general $50,637

  • 22 · Depreciation, depletion and amortization

    total $874,230 · program services $2,428 · management and general $871,802

  • 23 · Insurance

    total $333,177 · management and general $333,177

  • 24a · Other expenses: CLAIMS PAID

    total $36,468,831 · program services $36,468,831 · management and general $0 · fundraising $0

  • 24b · Other expenses: DRUGS AND MEDICAL SUPPLIES

    total $1,444,794 · program services $1,444,794 · management and general $0 · fundraising $0

  • 24c · Other expenses: LICENSE AND PERMITS

    total $78,946 · program services $0 · management and general $78,946 · fundraising $0

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $387,297 · program services $230,422 · management and general $156,875 · fundraising $0

  • 24e · All other expenses

    total $901,213 · program services $283,538 · management and general $617,675

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,388,237 · end of year $17,969,193

  • 4 · Accounts receivable

    beginning of year $2,420,766 · end of year $3,265,641

  • 8 · Inventories for sale or use

    beginning of year $161,037 · end of year $170,728

  • 9 · Prepaid expenses and deferred charges

    beginning of year $112,278 · end of year $89,507

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

    $25,665,424

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

    $9,483,415

  • 10c · Land, buildings and equipment, net

    beginning of year $16,784,471 · end of year $16,182,009

  • 15 · Other assets

    beginning of year $185,024 · end of year $357,201

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,166,613 · end of year $2,351,972

  • 19 · Deferred revenue

    beginning of year $461,671 · end of year $392,255

  • 23 · Secured mortgages and notes payable

    beginning of year $116,200 · end of year $81,839

  • 27 · Net assets without donor restrictions

    beginning of year $33,958,024 · end of year $35,092,387

  • 28 · Net assets with donor restrictions

    beginning of year $349,305 · end of year $115,826

Mission and programs · 2024

Mission

Provide comprehensive preventive health care services to the medically underserved residents located in Santurce Ward and Caparra of the Municipality of San Juan, in the Municipalities of Carolina, Guaynabo, Vieques and Culebra.

Activities or mission (Part I)

Provide primary ambulatory, supplemental and environmental health services to the medically underserved residents in the Santurce Ward.

  • Provide primary ambulatory, supplemental and environmental health services to the medically underserved residents in the Santurce Ward of the Municipality of San Juan, Carolina and the Municipal island, Vieques and Culebra. Our patients/clients received services in the following areas: general medicine, ginecology pediatry, dental, vision, clinical phychology and patient/community education.

    Expenses $49,981,941

As filed on the 2024 return.

Listed in Part VII

  • Ivonne Rivera Hernandez

    EXECUTIVE DIRECTOR

    Total calculated
    $229,581
    From this org
    $229,581
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,581
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $229,581

  • Jorge F Vazquez Perez

    MEDICAL DIRECTOR

    Total calculated
    $184,725
    From this org
    $184,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,725
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $184,725

  • Hector L Villanueva Rodriguez

    CLINICAL CONSULTANT

    Total calculated
    $175,026
    From this org
    $175,026
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Alwin L Torres Ortiz

    GENERAL PRACTITIONER

    Total calculated
    $152,111
    From this org
    $152,111
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Juan M Roman Vega

    GENERAL PRACTICIONER

    Total calculated
    $149,267
    From this org
    $149,267
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Ivonne M Rosario Calderon

    PHARMACY GRADUATE

    Total calculated
    $135,823
    From this org
    $135,823
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Deborah Mendez Gines

    GENERAL PRACTICIONER

    Total calculated
    $129,447
    From this org
    $129,447
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Miguel A Rivera Viera

    FAMILY DOCTOR

    Total calculated
    $128,999
    From this org
    $128,999
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Ivette A Perez Pagan

    GENERAL PRACTITIONER

    Total calculated
    $126,847
    From this org
    $126,847
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Jose J Beltran Shuck

    GENERAL PRACTITIONER

    Total calculated
    $125,236
    From this org
    $125,236
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Grissel Munoz Vargas

    PEDIATRIC DOCTOR

    Total calculated
    $123,201
    From this org
    $123,201
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Aileen D Lucca Colon

    PEDIATRIC DOCTOR

    Total calculated
    $118,429
    From this org
    $118,429
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Marangely Collazo Vega

    PHARMACIST

    Total calculated
    $117,765
    From this org
    $117,765
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Darrelle M Villarini Cordova

    PEDIATRIC DOCTOR

    Total calculated
    $117,614
    From this org
    $117,614
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Graciela V Laureano Ruiz

    PHARMACIST

    Total calculated
    $116,547
    From this org
    $116,547
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Edwin E Pagan Lopez

    INTERNIST

    Total calculated
    $115,335
    From this org
    $115,335
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Luis A Martinez Rivera

    FAMILY DOCTOR

    Total calculated
    $115,198
    From this org
    $115,198
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Robert Cabello Lugo

    FINANCE DIRECTOR

    Total calculated
    $115,132
    From this org
    $115,132
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Limary Cordero Rivera

    GENERAL PRACTITIONER

    Total calculated
    $114,678
    From this org
    $114,678
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Waleska Valentin Ponce

    DENTIST

    Total calculated
    $100,804
    From this org
    $100,804
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Nelson Cordero Gonzalez

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Zaida I Torres Rodriguez

    VICEPRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Oscar Reinosa Cedo

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rose Marie Cisneros Calderon

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Javier Matos Valenzuela

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carmen Torres Escute

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elba Marin Encarnacion

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Monica De Jesus Figueroa

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Veronica Melendez Gonzalez

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charlie Ortolaza Martinez

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 4
IVONNE RIVERA HERNANDEZ, NO QUALIFIED PLAN

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.

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.0
Source object
202503539349300230

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

The source document this was parsed from is served over the API, which is where bulk and document access live.