North East Medical Services
- Assets
- $312.0m
- Revenue
- $167.8m
- Investments
- $0.0
- Employees
- 826
- Location
- Daly City, CA
- Founding
- 01/1971
- Data as of
- 12/2020
- EIN
- 94-1722562
Organization Overview
North East Medical Services is located in Daly City, CA. The organization was established in 1971. 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 12/2020, North East Medical Services employed 826 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North East Medical Services 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 12/2020, North East Medical Services generated $167.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $134.1m during the year ending 12/2020. While expenses have increased by 7.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
NORTH EAST MEDICAL SERVICES (NEMS) IS A FAMILY-ORIENTED, COMPREHENSIVE HEALTH CENTER WHICH OFFERS A WIDE RANGE OF HEALTH SERVICES TO A PREDOMINANTLY ASIAN AMERICAN POPULATION.
Describe the Organization's Program Activity:
PRIMARY AND SPECIALTY MEDICAL SERVICES PROVIDED FOR 267,478 ENCOUNTERS.
PHARMACY SERVED/FILLED 515,662 PRESCRIPTIONS.
DENTAL SERVICES PROVIDED FOR 23,703 ENCOUNTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eddie W Chan CEO | Officer | 40 | $718,353 |
Kenneth Tai MD Cho | Officer | 40 | $539,947 |
Jerry Jew Cso | Officer | 40 | $456,440 |
Johnson Wong CFO | Officer | 40 | $412,016 |
Diana Kawasaki-Yee COO | Officer | 40 | $394,942 |
Richard Huynh MD Physician Team Le. | 40 | $354,134 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hillhouse Construction Company Construction | 12/30/20 | $2,093,184 |
Transworld Construction Construction | 12/30/20 | $908,713 |
Am One Corporation Construction | 12/30/20 | $4,447,345 |
Old Republic Title Company Title Company | 12/30/20 | $7,654,221 |
E A Davidovits & Co Construction | 12/30/20 | $1,472,947 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,030,171 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,328,357 |
| Noncash contributions included in lines 1a–1f | $1,483,132 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,358,528 |
| Total Program Service Revenue | $135,125,865 |
| Investment income | $383,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$67,339 |
| 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 | $167,783,663 |
| 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. | $4,529,484 |
| Compensation of current officers, directors, key employees. | $1,137,001 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,575,631 |
| Pension plan accruals and contributions | $3,005,113 |
| Other employee benefits | $7,456,876 |
| Payroll taxes | $3,779,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $919,495 |
| Fees for services: Accounting | $91,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,618,103 |
| Advertising and promotion | $392,249 |
| Office expenses | $3,873,844 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,597,106 |
| Travel | $130,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $181,318 |
| Interest | $253,777 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,407,269 |
| Insurance | $2,060,790 |
| All other expenses | $367,034 |
| Total functional expenses | $134,142,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,225,915 |
| Savings and temporary cash investments | $16,162,626 |
| Pledges and grants receivable | $137,867 |
| Accounts receivable, net | $12,312,591 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $505,348 |
| Prepaid expenses and deferred charges | $2,173,035 |
| Net Land, buildings, and equipment | $174,433,595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $400,000 |
| Other assets | $8,627,955 |
| Total assets | $311,978,932 |
| Accounts payable and accrued expenses | $55,254,136 |
| Grants payable | $0 |
| Deferred revenue | $4,444,990 |
| 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 | $4,437,640 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,484,902 |
| Total liabilities | $65,621,668 |
| Net assets without donor restrictions | $244,419,122 |
| Net assets with donor restrictions | $1,938,142 |
| 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 | $311,978,932 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that North East Medical Services has recieved totaling $766,460.
| Awarding Organization | Amount |
|---|---|
The Quest Diagnostics Foundation Inc Secaucus, NJ PURPOSE: TO ELIMINATE HEPATITIS B AND LATENT TUBERCULOSIS AT NEMS, INCLUDING FUNDING FOR PERSONNEL, LAB SUPPLIES AND INDIRECT COSTS. | $339,828 |
Public Health Institute Oakland, CA PURPOSE: Technical Assistance | $150,000 |
American College Of Preventive Medicine Inc Washington, DC PURPOSE: Capacity-building for COVID 19 prevention, treatment, & education | $125,000 |
California Primary Care Association Sacramento, CA PURPOSE: COVID-19 CARE, TESTING, AND ADVOCACY | $100,000 |
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Nems Santa Clara County Covid-19 Vaccine Outreach | $25,000 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $12,640 |
Endowment Analysis
| Beg. Balance | $22,118,947 |
| Ending Balance | $22,118,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Banner-University Medical Group Phoenix, AZ | $97,355,267 | $467,538,007 |
Usc Care Medical Group Inc Los Angeles, CA | $62,184,923 | $406,914,000 |
Hoag Clinic Inc Newport Beach, CA | $124,813,423 | $211,626,917 |
Satellite Healthcare Inc San Jose, CA | $555,073,330 | $281,086,278 |
Family Health Centers Of San Diego Inc San Diego, CA | $437,320,216 | $305,619,808 |
On Lok Senior Health Service San Francisco, CA | $192,120,006 | $211,805,666 |
Golden Valley Health Center Merced, CA | $178,530,255 | $163,166,361 |
Clinicas Del Camino Real Inc Ventura, CA | $207,265,824 | $142,076,134 |
Prima Medical Foundation Novato, CA | $59,866,922 | $134,953,752 |
North East Medical Services Daly City, CA | $311,978,932 | $167,783,663 |
Packard Childrens Health Alliance Palo Alto, CA | $36,765,810 | $119,394,567 |
La Clinica De La Raza Inc Oakland, CA | $148,316,145 | $121,956,055 |