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Nonprofiteer
← CORP SERV MED PRIM Y PREV DE HATILLO

Form 990 for tax year 2022

Filed by CORP SERV MED PRIM Y PREV DE HATILLO.

Totals

Total revenue
$53,108,524
Total expenses
$48,133,943
Contributions and grants received
$10,486,611
Grants paid
$0
Program service revenue
$42,243,166
Investment income
$108,791
Other revenue
$269,956
Total assets, end of year
$39,688,585
Total liabilities, end of year
$2,285,271
Net assets or fund balances, end of year
$37,403,314
Program services expenses (Part IX)
$41,905,220
Management and general expenses
$6,228,723
Fundraising expenses
$0
Program service expenses (Part III)
$41,905,220

Program services were 87.1% 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)

    $7,391,870

  • 1f · All other contributions, gifts and grants

    $3,094,741

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Program Revenue

    total $42,243,166 · related or exempt $42,243,166 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $108,791 · related or exempt $108,791 · unrelated business $0 · excluded $0

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

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

  • 5 · Royalties

    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

  • 11a · Other revenue: LAB

    total $44,943 · related or exempt $44,943 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $225,013 · related or exempt $225,013 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $269,956

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $10,793,242 · program services $6,843,336 · management and general $3,949,906

  • 9 · Other employee benefits

    total $700,074 · program services $525,056 · management and general $175,018

  • 10 · Payroll taxes

    total $757,211 · program services $558,882 · management and general $198,329

  • 11g · Fees: other

    total $30,651,983 · program services $29,195,445 · management and general $1,456,538

  • 12 · Advertising and promotion

    total $108,478 · program services $95,461 · management and general $13,017

  • 13 · Office expenses

    total $227,733 · program services $200,405 · management and general $27,328

  • 20 · Interest

    total $41,677 · management and general $41,677

  • 22 · Depreciation, depletion and amortization

    total $813,799 · program services $716,143 · management and general $97,656

  • 23 · Insurance

    total $390,419 · program services $343,569 · management and general $46,850

  • 24a · Other expenses: Rents

    total $109,945 · program services $96,752 · management and general $13,193 · fundraising $0

  • 24b · Other expenses: Utilities

    total $394,440 · program services $347,107 · management and general $47,333 · fundraising $0

  • 24e · All other expenses

    total $3,144,942 · program services $2,983,064 · management and general $161,878 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,848,160 · end of year $16,678,646

  • 2 · Savings and temporary cash investments

    beginning of year $3,385,300 · end of year $3,406,125

  • 3 · Pledges and grants receivable

    beginning of year $5,206,748 · end of year $2,979,868

  • 4 · Accounts receivable

    beginning of year $1,286,344 · end of year $1,658,586

  • 8 · Inventories for sale or use

    beginning of year $168,419 · end of year $248,413

  • 9 · Prepaid expenses and deferred charges

    beginning of year $548,521 · end of year $538,366

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

    $18,606,326

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

    $5,465,764

  • 10c · Land, buildings and equipment, net

    beginning of year $12,792,526 · end of year $13,140,562

  • 15 · Other assets

    beginning of year $1,000,000 · end of year $1,038,019

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,350,322 · end of year $1,519,410

  • 23 · Secured mortgages and notes payable

    beginning of year $1,611,731 · end of year $765,861

  • 27 · Net assets without donor restrictions

    beginning of year $33,273,965 · end of year $37,403,314

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

The Organization operates a comprehensive primary care program, which provide services to low-income families and medically underserved indigent population in the Municipality of Hatillo, Puerto Rico.

  • The project operates a comprehensive primary care program which provides services to low-income families and medically underserved indigent population, in the municipality of Hatillo, Puerto Rico.

    Expenses $41,905,220 · Grants $7,391,870 · Revenue $25,508,984

  • n/a

  • N/A

As filed on the 2022 return.

Listed in Part VII

  • Lorena Torres Mercado

    Chief Executive Officer

    Total calculated
    $123,883
    From this org
    $123,883
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Cristopher Vega Acevedo

    Chief Medical Officer

    Total calculated
    $104,426
    From this org
    $104,426
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Maria Cruz Lozano

    Mental Health Director

    Total calculated
    $80,641
    From this org
    $80,641
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Alexis Serrano Martinez

    Chief Information Officer

    Total calculated
    $71,362
    From this org
    $71,362
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Gilberto Gonzalez Cuevas

    Chief Operations Officer

    Total calculated
    $64,357
    From this org
    $64,357
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Yaritza Rivera Velez

    Chief Communication Officer

    Total calculated
    $55,864
    From this org
    $55,864
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Carlos Mendez Franqui

    Chief Financial Officer

    Total calculated
    $49,900
    From this org
    $49,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 December 2023
IRS schema version
2022v5.0
Source object
202313499349301131

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