Neomed Center Inc
- Assets
- $52.6m
- Revenue
- $69.9m
- Investments
- $0.0
- Employees
- 346
- Location
- Gurabo, PR
- Founding
- 09/1994
- Data as of
- 06/2022
- EIN
- 66-0485440
Organization Overview
Neomed Center Inc is located in Gurabo, PR. The organization was established in 1994. 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 06/2022, Neomed Center Inc employed 346 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neomed 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 06/2022, Neomed Center Inc generated $69.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $65.2m during the year ending 06/2022. While expenses have increased by 11.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PUBLIC HELATH CARE SERVICES PRIMARY AMBULATORY SUPPLEMENTAL ENVIRONMENTAL HEALTH SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEDERAL GRANT - SECTION 330. FEDERAL GRANT - RYAN WHITE TITLE I PART A FEDERAL GRANT - RYAN WHITE TITLE III PART C.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daisy Perez Montanez President | Trustee | 3 | $0 |
Natividad Flores Velazquez Vice President | Trustee | 3 | $0 |
Deliris Montanez Caceres Treasurer | Trustee | 3 | $0 |
Jose R Rivera Ayala Secretary | Trustee | 3 | $0 |
Rosa Castro Avila Chief Executive Office | Officer | 40 | $300,701 |
Miguel Gonzalez Gonzalez Chief Financial Office | Officer | 40 | $147,843 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laboratorio Clinico Toledo Laboratory | 6/29/22 | $490,942 |
Marvin Diaz Ferrer Legal Services | 6/29/22 | $482,327 |
North Janitorial Cleaning And Maintenance | 6/29/22 | $407,980 |
Hbn Professional Staffing Staffing Services | 6/29/22 | $349,272 |
Virtual Image X Rays | 6/29/22 | $329,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,154,071 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $3,047,241 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,154,071 |
| Total Program Service Revenue | $53,713,774 |
| Investment income | $80,995 |
| 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 | $69,948,840 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,451,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,083,985 |
| Payroll taxes | $1,924,981 |
| Fees for services: Management | $26,860,781 |
| Fees for services: Legal | $22,017 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $373,195 |
| Office expenses | $816,790 |
| Information technology | $82,666 |
| Royalties | $0 |
| Occupancy | $2,788,577 |
| Travel | $93,183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $450,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $940,207 |
| Insurance | $439,851 |
| All other expenses | $0 |
| Total functional expenses | $65,195,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,356 |
| Savings and temporary cash investments | $7,504,489 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,353,893 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $848,757 |
| Prepaid expenses and deferred charges | $403,967 |
| Net Land, buildings, and equipment | $23,195,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,153,679 |
| Total assets | $52,594,342 |
| Accounts payable and accrued expenses | $4,856,888 |
| Grants payable | $0 |
| Deferred revenue | $726,204 |
| 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 | $6,649,210 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,232,302 |
| Net assets without donor restrictions | $39,362,040 |
| Net assets with donor restrictions | $1,000,000 |
| 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 | $52,594,342 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Med Centro Inc Mercedita, PR | $118,831,684 | $140,692,210 |
Neomed Center Inc Gurabo, PR | $52,594,342 | $69,948,840 |
Camuy Health Services Inc Camuy, PR | $33,241,924 | $38,813,439 |
Centro De Servicios Primarios De Salud De Patillas Inc Patillas, PR | $23,027,156 | $33,956,662 |
Morovis Community Health Center Inc Morovis, PR | $14,587,864 | $26,897,589 |
Health Care Integrated Program Services Inc Humacao, PR | $1,647,715 | $5,105,203 |