Neomed Center Inc
- Assets
- $65.8m
- Revenue
- $60.5m
- Investments
- $0.0
- Employees
- 318
- Location
- Gurabo, PR
- Founding
- 09/1994
- Data as of
- 06/2021
- 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 06/2021, Neomed Center Inc employed 318 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 06/2021, Neomed Center Inc generated $60.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $57.0m during the year ending 06/2021. While expenses have increased by 10.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PUBLIC HEALTH 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.
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 |
|---|---|---|---|
Carlos M Acevedo Vila General Physician | Officer | 40 | $277,918 |
Rosa Castro Avila Chief Executive Officer | Officer | 40 | $236,625 |
Hector Rodriguez Medina Chief Medical Officer | Officer | 40 | $161,930 |
Miguel Gonzalez Gonzalez Chief Financial Director | Officer | 40 | $135,576 |
Alexis M Maisonet Ventur Human Resources Director | Officer | 40 | $97,256 |
Jose Rivera Ayala Secretary | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pedro J Palou Bosch Obgyn | 6/29/21 | $239,122 |
Laboratorio Clinico Toledo External Laboratory | 6/29/21 | $157,255 |
Aminta Rivera Rodriguez Psychiatry Specialist | 6/29/21 | $202,000 |
Integra Security Solution Inc Security Services | 6/29/21 | $531,416 |
Aminta Rivera Rodriguez Psychiatry Specialist | 6/29/21 | $202,000 |
Laboratorio Clinico Toledo External Laboratory | 6/29/21 | $157,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,825,284 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $3,007,361 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,825,284 |
| Total Program Service Revenue | $47,652,244 |
| Investment income | $9,184 |
| 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 | $60,486,712 |
| 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 | $15,125,726 |
| Pension plan accruals and contributions | $167,611 |
| Other employee benefits | $992,592 |
| Payroll taxes | $1,560,458 |
| Fees for services: Management | $23,936,587 |
| Fees for services: Legal | $742,368 |
| 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 | $346,054 |
| Office expenses | $302,432 |
| Information technology | $56,899 |
| Royalties | $0 |
| Occupancy | $3,176,347 |
| Travel | $18,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $404,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $854,736 |
| Insurance | $346,643 |
| All other expenses | $2,268 |
| Total functional expenses | $57,024,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $802,058 |
| Savings and temporary cash investments | $7,499,954 |
| Pledges and grants receivable | $16,336,879 |
| Accounts receivable, net | $12,189,980 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $560,962 |
| Prepaid expenses and deferred charges | $322,664 |
| Net Land, buildings, and equipment | $27,941,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $153,773 |
| Total assets | $65,808,264 |
| Accounts payable and accrued expenses | $4,272,198 |
| Grants payable | $0 |
| Deferred revenue | $17,573,821 |
| 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 | $8,353,880 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,199,899 |
| Net assets without donor restrictions | $35,608,365 |
| 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 | $65,808,264 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Neomed Center Inc has recieved totaling $24,209.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $24,209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Med Centro Inc Mercedita, PR | $93,853,999 | $116,715,570 |
Neomed Center Inc Gurabo, PR | $65,808,264 | $60,486,712 |
Centro De Servicios Primarios De Patillas, PR | $20,090,214 | $32,883,712 |
Camuy Health Services Inc Camuy, PR | $28,544,713 | $30,381,657 |
Morovis Community Health Center Inc Morovis, PR | $11,235,423 | $23,868,160 |