Caring Health Center Inc
- Assets
- $25.2m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 320
- Location
- Springfield, MA
- Founding
- 06/1978
- Data as of
- 06/2020
- EIN
- 04-2620040
Organization Overview
Caring Health Center Inc is located in Springfield, MA. The organization was established in 1978. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 06/2021, Caring Health Center Inc employed 320 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caring Health Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Caring Health Center Inc generated $14.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $29.3m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESS TO THE HEALTH CARE DELIVERY SYSTEM AND ONGOING PRIMARY HEALTH CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL PROGRAM - THE MEDICAL SERVICES OF CARING HEALTH CENTER PROVIDE ACCESS TO AND CONTINUING PRIMARY AND PREVENTIVE HEALTH CARE SERVICES, ADULT AND PEDIATRIC, TO THE PEOPLE OF SPRINGFIELD AND SURROUNDING COMMUNITIES REGARDLESS OF THEIR ABILITY TO PAY FOR THESE SERVICES. DURING THE FISCAL YEAR 2021, 14,489 PATIENTS WERE SERVED WITH A TOTAL OF 42,677 MEDICAL VISITS.
PHARMACY SERVICES - THE HEALTH CENTER OPERATES AN ON SITE PHARMACY AND CONTRACTS WITH COMMERCIAL PHARMACIES TO PROVIDE HRSA 340 B AS WELL AS RETAIL PHARMACEUTICALS FOR OUR PATIENTS. THE PHARMACY PROGRAM ALSO PROVIDES MEDICATION THERAPY MANAGEMENT AND WORKS WITH OUR MEDICAL PROVIDERS TO PRESCRIBE THE MOST APPROPRIATE PHARMACEUTICALS FOR OUR PATIENTS.
DENTAL/ORAL HEALTH PROGRAM - THE ORAL HEALTH SERVICES OF CARING HEALTH CENTER PROVIDE ACCESS TO AND CONTINUING PRIMARY AND PREVENTIVE DENTAL CARE SERVICES, ADULT AND PEDIATRIC, TO THE PEOPLE OF SPRINGFIELD AND SURROUNDING COMMUNITIES REGARDLESS OF THEIR ABILITY TO PAY FOR THESE SERVICES. DURING THE FISCAL YEAR 2021, 4,017 PATIENTS WERE SERVED WITH A TOTAL OF 10,366 DENTAL VISITS.
OTHER INCLUDING THE WIC PROGRAM - THE WIC PROGRAM OF CARING HEALTH CENTER PROVIDED NUTRITIONAL SEVICES, HEALTH EDUCATION AND OTHER SERVICES TO 5,725 RECIPIENTS IN FY21. WIC REVENUES AND EXPENSES INCLUDED $1,328,929 IN DIRECT CONSUMER AID VOUCHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vijay Patel Chief Medical Officer | Officer | 40 | $259,872 |
Tania Barber President/ceo | OfficerTrustee | 40 | $230,989 |
Lucila Bruno Chief Dental Officer | Officer | 40 | $182,968 |
Frank Kostek Chief Financial Officer | Officer | 40 | $157,480 |
Siobhan Mmcnally Pediatrician | 40 | $156,184 | |
Jayne Rohrbacher Pediatrician | 40 | $155,765 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,403,101 |
| Investment income | $273,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,179,372 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,163,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,614,424 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $508,534 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,604,747 |
| Pension plan accruals and contributions | $131,705 |
| Other employee benefits | $1,416,171 |
| Payroll taxes | $1,075,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,004 |
| Fees for services: Accounting | $65,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,135,754 |
| Advertising and promotion | $166,919 |
| Office expenses | $730,595 |
| Information technology | $65,474 |
| Royalties | $0 |
| Occupancy | $1,036,835 |
| Travel | $368,279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,178 |
| Interest | $340,320 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $513,214 |
| Insurance | $83,985 |
| All other expenses | $0 |
| Total functional expenses | $29,310,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434,494 |
| Savings and temporary cash investments | $6,236,170 |
| Pledges and grants receivable | $372,091 |
| Accounts receivable, net | $2,091,719 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $316,760 |
| Prepaid expenses and deferred charges | $59,514 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,871 |
| Total assets | $25,212,049 |
| Accounts payable and accrued expenses | $1,736,289 |
| Grants payable | $0 |
| Deferred revenue | $2,030,179 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,207,776 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,974,244 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $14,237,805 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Caring Health Center Inc has recieved totaling $179,784.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: GENERAL HEALTH | $82,000 |
Fidelity Foundation Boston, MA PURPOSE: OPERATING SUPPORT | $50,000 |
Massdevelopment Hefa Trust Boston, MA PURPOSE: PURCHASE OF EQUIPMENT AND SUPPLIES FOR ITS PROPOSED CHIROPRACTIC AND PHYSICAL THERAPY PROGRAM. | $47,725 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Healthcare Network Inc New York, NY | $116,375,376 | $109,995,395 |
Community Health Project Inc New York, NY | $98,075,603 | $99,211,868 |
Riverbend Medical Group Inc Hartford, CT | $29,434,507 | $79,136,348 |
The Providence Community Health Centers Inc Providence, RI | $92,213,963 | $88,659,107 |
Signature Healthcare Medical Group Inc Brockton, MA | $35,048,796 | $73,463,169 |
Harbor Health Services Inc Mattapan, MA | $64,061,825 | $83,480,728 |
Morris Heights Health Center Inc Bronx, NY | $82,782,055 | $68,846,088 |
Greater Lawrence Family Health Center Inc Methuen, MA | $53,771,821 | $80,885,581 |
Cornell Scott Hill Health Corporation New Haven, CT | $53,591,940 | $82,156,450 |
Lynn Community Health Inc Lynn, MA | $37,031,099 | $77,579,888 |
Refuah Health Center Inc Spring Valley, NY | $86,079,660 | $83,793,686 |
William F Ryan Community Health Center Inc New York, NY | $83,034,128 | $83,576,380 |