Borinquen Health Care Center Inc
- Assets
- $19.5m
- Revenue
- $45.9m
- Investments
- $74.2k
- Employees
- 422
- Location
- Miami, FL
- Founding
- 03/1973
- Data as of
- 01/2020
- EIN
- 59-1417397
Organization Overview
Borinquen Health Care Center Inc is located in Miami, FL. The organization was established in 1973. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 01/2020, Borinquen Health Care Center Inc employed 422 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 01/2020, Borinquen Health Care Center Inc generated $45.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $43.8m during the year ending 01/2020. While expenses have increased by 9.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
BORINQUEN HEALTH CARE CENTER PROVIDES INTERNAL MEDICINE, RAPID ACCESS TREATMENT, PEDIATRICS, OB/GYN, FAMILY PLANNING, PRE/POST-NATAL SERVICES, LABORATORY SERVICES, AND PHARMACY TO UN-INSURED AND UNDER-INSURED PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BORINQUEN HEALTH CARE CENTER OPERATES MEDICAL CENTERS IN MIAMI-DADE COUNTY SERVING PATIENTS AND UNDERSERVED POPULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gca Inc Construction Management | 1/30/20 | $273,033 |
Vista Security Services International Security Services | 1/30/20 | $195,732 |
Rackspace Virtual Hosting Service | 1/30/20 | $170,780 |
Laboratory Corporation Of America Holdings Laboratory Services | 1/30/20 | $168,210 |
Quest Diagnostics Laboratory Services | 1/30/20 | $350,015 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,373,684 |
| Investment income | $140,948 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $167,225 |
| Net Gain/Loss on Asset Sales | -$1,222 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,853,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,000,147 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,495,522 |
| Pension plan accruals and contributions | $99,587 |
| Other employee benefits | $3,170,427 |
| Payroll taxes | $1,289,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,507 |
| Fees for services: Accounting | $95,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,333,506 |
| Advertising and promotion | $58,131 |
| Office expenses | $783,985 |
| Information technology | $339,534 |
| Royalties | $0 |
| Occupancy | $2,271,041 |
| Travel | $379,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $214,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $841,674 |
| Insurance | $246,463 |
| All other expenses | $0 |
| Total functional expenses | $43,825,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,022,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,087,620 |
| Accounts receivable, net | $1,137,059 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $729,230 |
| Prepaid expenses and deferred charges | $87,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $74,216 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $292,563 |
| Total assets | $19,537,439 |
| Accounts payable and accrued expenses | $1,215,604 |
| Grants payable | $0 |
| Deferred revenue | $1,410,911 |
| 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 | $5,692,287 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,318,802 |
| 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 | $11,218,637 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Borinquen Health Care Center Inc has recieved totaling $907,728.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: COVID19-US, COVID19-ABBOTT | $237,500 |
Direct Relief Santa Barbara, CA PURPOSE: COVID19-US, COVID19-ABBOTT | $237,500 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $216,364 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $216,364 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Outpatient Services Inc Coral Gables, FL | $72,512,245 | $111,118,872 |
Cooperative Healthcare Services Inc Brunswick, GA | $15,602,072 | $70,139,895 |
Mcr Health Inc Palmetto, FL | $41,828,718 | $105,343,908 |
Columbus Ambulatory Healthcare Services Inc Columbus, GA | $6,921,321 | $46,222,968 |
Collier Health Services Inc Immokalee, FL | $80,535,583 | $55,057,802 |
St Marys Medical Group Inc Athens, GA | $9,565,452 | $27,669,036 |
Borinquen Health Care Center Inc Miami, FL | $19,537,439 | $45,853,409 |
Careconnect Health Inc Richland, GA | $44,589,327 | $52,960,883 |
Florida Community Health Centers Inc West Palm Beach, FL | $24,175,857 | $37,149,762 |
Brevard Health Alliance Inc West Melbourne, FL | $22,397,296 | $33,738,621 |
Genesis Health Development Inc Jacksonville, FL | $21,359,364 | $34,452,093 |
Medlink Georgia Inc Colbert, GA | $13,673,314 | $31,681,551 |