Hpm Foundation INC FY2021 filing

Tax-deductible

San Juan, PR501(c)(3)Since 1987Health CareEIN 66-0437924Revenue $53.2M in FY2021

On file with the IRShealthpromed.orgPo Box 14557, 00916-0000 · San Juan, PRTax-exempt since Apr 1993Hospital or medical research org — 170(b)(1)(A)(iii)

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Provide primary ambulatory, supplemental and environmental health services to the medically underserved residents in the Santurce Ward.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$846K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.1M a year · 5% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$846K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $291K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$53.2M
Spent
$49.4M
To programs
90%
Net assets
$23.4M
By yearFY2021–FY2025
Revenue
$53.2M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$53.2M
FY2022$56.8M
FY2023$60.9M
FY2024$61.1M
FY2025$60.5M
Expenses
$49.4M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$49.4M
FY2022$52.8M
FY2023$57.1M
FY2024$57.9M
FY2025$59.6M
Net assets
$23.4M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$23.4M
FY2022$27.4M
FY2023$31.2M
FY2024$34.3M
FY2025$35.2M

From the FY2021 Form 990 (year ending March 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $44.3M Management & general 10% · $5.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $846K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$155,805Pt VII · Sec A
Senior Medical Consultant
$135,350Pt VII · Sec A
Medical Director
$135,248Pt VII · Sec A
General Practitioner
$108,617Pt VII · Sec A
$105,182Pt VII · Sec A
General Practitioner
$104,014Pt VII · Sec A
$101,740Pt VII · Sec A
$0Pt VII · Sec A

Ivonne Rivera Hernandez’s $230K as Executive Director is at the 29th percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Ivonne Rivera Hernandez$229,581$201,108$231,909$152,495$155,805
Jorge F Vazquez Perez$184,725$174,553$175,728$156,744$135,248
Hector L Villanueva Rodriguez$175,026$147,528$149,890$129,483$135,350
Alwin L Torres Ortiz$152,111$145,777$136,751$114,797$108,617
Juan M Roman Vega$149,267$129,971$106,528——
Ivonne M Rosario Calderon$135,823$133,693$107,685——
Beltran Shuck Jose J—$131,797$116,533$100,820—
Deborah Mendez Gines$129,447————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers healthcare and health services to underserved residents.

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Provided by the organization

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1 program · $44.3M · in their own filed words · FY2020
01

Provide primary ambulatory, supplemental and environmental health services to the medically underserved residents in the Santurce Ward of the Municipality of San Juan, Carolina and the Municipal island, Vieques and Culebra.

$44.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Yale UniversityFY2023$291K
Total grants receivedfrom 1 funder$291K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$53.2M
Ln 12
Fees for servicesLn 2g$41.5M
Gifts and grantsLn 1h$8.3M
Other incomeLn 4–11$3.4M
Money outPt IX
$49.4M
Ln 25
Programscol B$44.3M
Managementcol C$5.1M
Owns and owesPt X
$23.4M
net assets · Ln 32
Cash and savingsLn 1–2$5.9M
Total assetsLn 16$26.0M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
18
listed · VII A
PaidVII A7
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.3M
Government grantsLn 1e$7.8M
Noncash giftsLn 1g$211K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$41.5M
Investment incomeLn 3$12K
Other incomeLn 4–11$3.4M
Total revenueLn 12$53.2M
Assets in detailPt X, end of year
CashLn 1$5.9M
Cash and savings togetherLn 1–2$5.9M
Land, buildings, equipmentLn 10c$16.9M
Other assetsLn 15$400K
Total assetsLn 16$26.0M
LiabilitiesLn 26$2.6M
Net assetsLn 32$23.4M
OperationsPt I, VI
EmployeesI 5219
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.8M$5.9M
Land, buildings, equipmentLn 10c$17.3M$16.9M
Total assetsLn 16$22.1M$26.0M
LiabilitiesLn 26$2.6M$2.6M
Net assetsLn 32$19.5M$23.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$7.1M$5.5M$1.6M$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$1.3M$754K$557K$0
Payroll taxesLn 10$613K$440K$173K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$276K$0$276K$0
Accounting feesLn 11c$319K$191K$128K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$2.0M$1.7M$238K$0
Advertising and promotionLn 12$10K$0$10K$0
Office expensesLn 13$539K$329K$210K$0
Information technologyLn 14$862K$229K$633K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$165K$99K$66K$0
TravelLn 17$126K$31K$95K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$54K$0$54K$0
InterestLn 20$41K$0$41K$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$862K$533K$328K$0
InsuranceLn 23$223K$134K$89K$0
Other expenses (24a–d)Ln 24$34.7M$34.3M$414K$0
All other expensesLn 24e$234K$17K$217K$0
Total functional expensesLn 25$49.4M$44.3M$5.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $60.5M$59.6M$901K$35.2M 990 PDF
FY2024 $61.1M$57.9M$3.1M$34.3M 990 PDF
FY2023 $60.9M$57.1M$3.8M$31.2M 990 PDF
FY2022 $56.8M$52.8M$4.0M$27.4M 990 PDF
FY2021 Viewing $53.2M$49.4M$3.9M$23.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $53,248,661 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,490,777$8,285,666
I-9 Program service revenuePrior year $29,532,253$41,531,823
I-10 Investment incomePrior year $13,256$12,063
I-11 Other revenuePrior year $3,334,033$3,419,109
I-12 Total revenuePrior year $39,370,319$53,248,661
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,623,685$9,016,441
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $29,956,184$40,372,385
I-18 Total expensesPrior year $38,579,869$49,388,826
I-19 Revenue less expensesPrior year $790,450$3,859,835
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $53,248,661 across 13 lines filed
Lines not itemized here account for $213,449 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$7,792,807
VIII-1f All other contributions, gifts and grants$492,859
VIII-1g Noncash contributions (included above)$211,405
VIII-1h Total contributions, gifts and grants$8,285,666
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $41,531,823 · Unrelated business $0 · Excluded from tax $0$41,531,823
VIII-3 Investment incomeRelated to mission $12,063 · Unrelated business $0 · Excluded from tax $0$12,063
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,205,660 · Unrelated business $0 · Excluded from tax $0$3,205,660
VIII-12 Total revenueRelated to mission $44,962,995 · Unrelated business $0 · Excluded from tax $0$53,248,661
Part IX · Statement of functional expenses $49,388,826 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $5,495,206 · Management $1,596,767 · Fundraising $0$7,091,973
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $754,051 · Management $557,285 · Fundraising $0$1,311,336
IX-10 Payroll taxesPrograms $440,101 · Management $173,031 · Fundraising $0$613,132
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $276,427 · Fundraising $0$276,427
IX-11c Accounting feesPrograms $191,278 · Management $127,519 · Fundraising $0$318,797
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $1,715,447 · Management $237,771 · Fundraising $0$1,953,218
IX-12 Advertising and promotionPrograms $0 · Management $10,275 · Fundraising $0$10,275
IX-13 Office expensesPrograms $328,619 · Management $210,323 · Fundraising $0$538,942
IX-14 Information technologyPrograms $228,705 · Management $633,118 · Fundraising $0$861,823
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $98,907 · Management $65,938 · Fundraising $0$164,845
IX-17 TravelPrograms $31,329 · Management $94,800 · Fundraising $0$126,129
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $53,630 · Fundraising $0$53,630
IX-20 InterestPrograms $0 · Management $40,655 · Fundraising $0$40,655
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $533,114 · Management $328,444 · Fundraising $0$861,558
IX-23 InsurancePrograms $134,006 · Management $89,337 · Fundraising $0$223,343
IX-24 Other expenses (24a–d)Programs $34,294,569 · Management $414,213 · Fundraising $0$34,708,782
IX-24e All other expensesPrograms $16,524 · Management $217,437 · Fundraising $0$233,961
IX-25 Total functional expensesPrograms $44,261,856 · Management $5,126,970 · Fundraising $0$49,388,826
Part X · Balance sheet $26,018,115 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,791,482$5,943,552
X-3 Pledges and grants receivableStart of year $197,462$243,282
X-4 Accounts receivableStart of year $1,702,517$2,204,213
X-8 Inventories for sale or useStart of year $76,611$249,835
X-9 Prepaid expenses and deferred charges$62,623
X-10c Land, buildings and equipment, netStart of year $17,345,157$16,914,610
X-15 Other assetsStart of year $33,436$400,000
X-16 Total assetsStart of year $22,146,665$26,018,115
X-17 Accounts payable and accrued expensesStart of year $1,918,746$2,328,928
X-26 Total liabilitiesStart of year $2,607,658$2,619,273
X-27 Net assets without donor restrictionsStart of year $19,252,140$23,286,669
X-28 Net assets with donor restrictionsStart of year $286,867$112,173
X-32 Total net assets or fund balancesStart of year $19,539,007$23,398,842
X-33 Total liabilities and net assetsStart of year $22,146,665$26,018,115
Part XI · Reconciliation of net assets $23,398,842 net assets at year end
XI-1 Total revenue$53,248,661
XI-2 Total expenses$49,388,826
XI-3 Revenue less expenses$3,859,835
XI-4 Net assets at start of year$19,539,007
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$23,398,842

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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