Somos Healthcare Providers Inc
- Assets
- $143.3m
- Revenue
- $92.3m
- Investments
- $0.0
- Employees
- 153
- Location
- Bronx, NY
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 47-2528627
Organization Overview
Somos Healthcare Providers Inc is located in Bronx, NY. The organization was established in 2017. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 12/2021, Somos Healthcare Providers Inc employed 153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somos Healthcare Providers 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 12/2021, Somos Healthcare Providers Inc generated $92.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $151.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Somos Healthcare Providers Inc has awarded 128 individual grants totaling $2,639,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BRINGING QUALITY HEALTHCARE INITIATIVES TO THE UNDERSERVED. INCREASING HEALTH LITERACY AND AWARENESS AMONG POPULATIONS MOST AT RISK. ALL THE ORGANIZATIONS INITIATIVES AIM TOWARD THIS GOAL. SOMOS CONTINUES AS A SUSTAINABLE SOCIAL DETERMENT OF HEALTH NETWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021 SOMOS ENGAGED CONTRACT SERVICES TO PROVIDED A WIDE RANGE OF HEALTH CARE SERVICES FOR NEW YORK CITY'S MOST VULNERABLE POPULATIONS IN ADDITION TO PROVIDING FINANCIAL AND OPERATIONAL SUPPORT FOR ITS NETWORK PHYSICIANS. MUCH OF SOMOS COMMUNITY CARE'S ACTIVITIES WERE CENTERED AROUND COVID-19 TESTING AND VACCINATION. SOMOS DURING THIS TIME SET UP POP-UP TESTING AND VACCINATION SITES, INCLUDING: 125 TRILINGUAL DRIVE-UP AND WALK-UP TESTING SITES, AND BILINGUAL COVID-19 VACCINATION AWARENESS CAMPAIGNS WHICH INCLUDED SOCIAL MEDIA AND WEBINARS. IN JANUARY 2021, SOMOS COMMUNITY CARE OPENED AND MANAGED THREE NYC WORKFORCE MASS COVID-19 VACCINATION CENTERS, THESE LOCATIONS INCLUDED YANKEES STADIUM IN THE BRONX, THE AQUEDUCT IN QUEENS, AND CITI FIELD IN QUEENS. SOMOS COMMUNITY CARE PARTNERED WITH NEW YORK CITY'S DEPARTMENT OF EDUCATION TO PROVIDE COVID-19 TESTING FOR SCHOOL AGE CHILDREN. AS OF JULY 2022, SOMOS HAS SUCCESSFULLY ADMINISTERED 653,889 COVID-19 TESTS TO NYC STUDENTS. BEGINNING IN MARCH 2021, SOMOS WAS ABLE TO PROVIDE NYC DEPARTMENT OF EDUCATION COVID-19 RESULTS THROUGH THE MISOMOS APP. ON APRIL 28, 2021, SOMOS NETWORK PROVIDERS BECAME THE FIRST NETWORK OF PHYSICIANS TO OFFER COVID-19 VACCINATIONS AT THEIR PRACTICES DUE TO THE ADVOCACY OF SOMOS FOUNDER & CHAIRMAN DR. RAMON TALLAJ. ON AUGUST 25, 2021, SOMOS LAUNCHED A COVID-19 VACCINATION AWARENESS CAMPAIGN FOR CHILDREN "SOMOS HEROES" ("WE ARE HEROES").FROM AUGUST UNTIL THE END OF DECEMBER 2021, SOMOS CONTINUED TO RAISE AWARENESS ABOUT THE IMPORTANCE OF SEEING PRIMARY CARE PHYSICIAN AND KEEPING UP WITH ADULT AND CHILDREN'S ROUTINE VACCINATION SCHEDULES. TO SUMMARIZE, THE ESSENTIAL MISSION OF SOMOS IS DEFINED BY ALL ITS INITIATIVES WHICH ADDRESS THE HUMAN PERSON IN ITS TOTALITY. WE STRIVE FOR A VISION THAT IS TO HUMANIZE WHAT IS INHUMAN AND FOR THIS OUR NETWORK OF DOCTORS, EMPLOYEES, VOLUNTEERS, AND ADVISORS ARE TRAINED TO UNDERSTAND THAT THE CENTER OF OUR HEALTH CARE MISSION CANNOT FAIL TO PLACE THE HUMAN PERSON AT THE CENTER OF ALL OF OUR SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Delmont Cmo Of Vbp Implementation | 40 | $548,023 | |
John J Burke CEO Of Innovations | 40 | $520,902 | |
Daniel Mccarthy Former CEO Of Innovations | 0 | $502,923 | |
Mario Paredes CEO | Officer | 40 | $493,689 |
Tracey Lin CFO | Officer | 40 | $470,645 |
Gloria Wong VP Of Operations & Evp | Officer | 40 | $457,080 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evolent Health Llc Care Services | 12/30/21 | $7,704,721 |
Optimus Health Analytics Llc It Operational Services | 12/30/21 | $8,327,628 |
Delmont Healthcare Services Consulting Services | 12/30/21 | $1,562,835 |
Physicians Of The Future Medical Group P Care Services | 12/30/21 | $49,303,685 |
Mstzo Llc Consulting Services | 12/30/21 | $11,547,122 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,518,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,518,270 |
| Total Program Service Revenue | $87,133,655 |
| Investment income | $640,852 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $92,293,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $930,700 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $119,639 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,781,371 |
| Compensation of current officers, directors, key employees. | $920,007 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,298,425 |
| Pension plan accruals and contributions | $214,253 |
| Other employee benefits | $732,376 |
| Payroll taxes | $767,406 |
| Fees for services: Management | $960,000 |
| Fees for services: Legal | $1,859,012 |
| Fees for services: Accounting | $78,711 |
| Fees for services: Lobbying | $403,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,725,485 |
| Advertising and promotion | $5,746,020 |
| Office expenses | $459,900 |
| Information technology | $11,826,778 |
| Royalties | $0 |
| Occupancy | $1,658,155 |
| Travel | $373,154 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $196,160 |
| Insurance | $219,271 |
| All other expenses | $0 |
| Total functional expenses | $151,793,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,781 |
| Savings and temporary cash investments | $83,782,690 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,889,587 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $75,297 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $449,630 |
| Net Land, buildings, and equipment | $393,152 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $34,323,442 |
| Intangible assets | $0 |
| Other assets | $375,000 |
| Total assets | $143,305,579 |
| Accounts payable and accrued expenses | $45,153,461 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $582,050 |
| Total liabilities | $45,735,511 |
| Net assets without donor restrictions | $97,570,068 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $143,305,579 |
Grants Awarded
Over the last fiscal year, Somos Healthcare Providers Inc has awarded $465,700 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: ANNUAL GALA | $75,000 |
New York, NY PURPOSE: ANNUAL HOLIDAY GALA FUNDRAISER | $54,200 |
Bronx, NY PURPOSE: MONTEFIORE & EINSTEIN VIRTUAL GALA 2021 | $50,000 |
CITY AND STATE NY LLC PURPOSE: SPONSORSHIP FOR VARIOUS HEALTH CARE EVENTS | $39,500 |
Troy, NY PURPOSE: SOMOS PUERTO RICO CONFERENCE | $35,000 |
Plainfield, NJ PURPOSE: 22ND ANNUAL DINNER GALA | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Somos Healthcare Providers Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Weitz Family Charitable Foundation Inc New York, NY PURPOSE: UNRESTRICTED GRANTS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partners In Health A Nonprofit Corporation Boston, MA | $280,456,941 | $331,511,246 |
Somos Healthcare Providers Inc Bronx, NY | $143,305,579 | $92,293,737 |
Valley Health System Inc Ridgewood, NJ | $53,555,711 | $105,850,190 |
Health Resources In Action Inc Boston, MA | $33,816,788 | $35,069,519 |
Fair Health Inc New York, NY | $43,905,293 | $32,401,678 |
Chmc Otolaryngologic Foundation Inc Boston, MA | $56,250,065 | $28,964,394 |
Cicatelli Associates Inc New York, NY | $5,888,559 | $27,747,071 |
Onecare Vermont Accountable Care Organization Llc Colchester, VT | $43,985,225 | $27,384,795 |
Center For Community Resources Incorporated Butler, PA | $7,781,042 | $25,238,032 |
Finger Lakes Migrant Health Care Project Inc Penn Yan, NY | $24,796,436 | $20,780,428 |
Visiting Nurse Association Of Southeastern Connecticut Inc Waterford, CT | $35,601,025 | $17,245,104 |
Spectrum Health Service Inc Philadelphia, PA | $21,459,031 | $22,165,615 |