Garfield Health Center
- Assets
- $36.4m
- Revenue
- $22.0m
- Investments
- $0.0
- Employees
- 163
- Location
- Monterey Park, CA
- Founding
- 12/2003
- Data as of
- 12/2023
- EIN
- 76-0733752
Organization Overview
Garfield Health Center is located in Monterey Park, CA. The organization was established in 2003. 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 12/2023, Garfield Health Center employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garfield Health Center 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 12/2023, Garfield Health Center generated $22.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $17.6m during the year ending 12/2023. While expenses have increased by 20.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A COMMUNITY HEALTH CENTER THAT PROVIDES COMPREHENSIVE, CULTURALLY COMPETENT QUALITY PRIMARY HEALTH CARE TO MEDICALLY UNDERSERVED AND VULNERABLE INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING OUTPATIENT COMPREHENSIVE HEALTH CARE TO THE LOW-INCOME AND UNINSURED MEMBERS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Francis Yu CEO | Officer | 40 | $380,259 |
Lionel Yu COO | Officer | 40 | $309,854 |
Jamie Thai CFO | Officer | 40 | $216,595 |
My An Nguyen Pediatrician | 40 | $231,076 | |
Nina Tsai Pediatrcian | 40 | $226,579 | |
Lynn J Xu Nurse Practitioner | 40 | $183,834 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Liang-yu Tai Osteopathic Corp Health Care Provider | 12/30/23 | $378,593 |
We Care Health Clinic Health Care Provider | 12/30/23 | $232,637 |
Suk Ying Lau Dds Inc Health Care Provider | 12/30/23 | $208,401 |
Pearline P Chong O A Professional Corporation Health Care Provider | 12/30/23 | $233,833 |
Kenneth M Chan Health Care Provider | 12/30/23 | $252,613 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,477,603 |
| 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 | $1,477,603 |
| Total Program Service Revenue | $20,019,302 |
| Investment income | $496,419 |
| 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 | $21,993,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $308,000 |
| 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. | $906,708 |
| Compensation of current officers, directors, key employees. | $184,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,259,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $624,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,475 |
| Fees for services: Accounting | $28,805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,024 |
| Advertising and promotion | $0 |
| Office expenses | $634,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,643,894 |
| Travel | $56,670 |
| 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 | $511,722 |
| Insurance | $1,532,103 |
| All other expenses | $1,257,249 |
| Total functional expenses | $17,635,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,081,275 |
| Savings and temporary cash investments | $6,219,367 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $676,752 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $90,530 |
| Net Land, buildings, and equipment | $3,708,071 |
| Investments—publicly traded securities | $2,465,799 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,173,090 |
| Total assets | $36,414,884 |
| Accounts payable and accrued expenses | $3,050,477 |
| 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 | $10,366,727 |
| Total liabilities | $13,417,204 |
| Net assets without donor restrictions | $22,433,189 |
| Net assets with donor restrictions | $564,491 |
| 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 | $36,414,884 |
Grants Awarded
Over the last fiscal year, Garfield Health Center has awarded $305,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RENJI RELIEF INC PURPOSE: Charitable | $300,000 |
BOYS AND GIRLS CLUB PURPOSE: Charitable | $5,000 |