JOSEPH P ADDABBO FAMILY HEALTH CEN… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

RENEE MOTES

Phone

7189457150

Tax Period

2024-01-01 to 2024-12-31

JOSEPH P ADDABBO FAMILY HEALTH CENTER INC, founded in 1987, is a mid-sized nonprofit that reported $46.4M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

THE ORGANIZATION OPERATES FREESTANDING DIAGNOSTIC AND TREATMENT CENTERS, LICENSED UNDER ARTICLE 28 OF THE NYS HEALTH LAW, LOCATED IN THE BOROUGHS OF QUEENS, BROOKLYN, AND NEW YORK. THE CENTER PROVIDES A BROAD RANGE OF HEALTH SERVICES TO A LARGELY MEDICALLY UNDERSERVED POPULATION.

Program Service Accomplishments

Program 1

Expenses: $41,853,956 Revenue: $35,462,802

THE ORGANIZATION'S PROGRAM IS THAT OF PROVIDING PRIMARY HEALTH CARE SERVICES INCLUDING THE GRANT REVENUE FROM THE RYAN WHITE PROGRAM. THIS IS DONE UNDER THE DIRECT SUPERVISION OF THE FEDERAL...

THE ORGANIZATION'S PROGRAM IS THAT OF PROVIDING PRIMARY HEALTH CARE SERVICES INCLUDING THE GRANT REVENUE FROM THE RYAN WHITE PROGRAM. THIS IS DONE UNDER THE DIRECT SUPERVISION OF THE FEDERAL GOVERNMENT, DEPARTMENT OF HEALTH AND HUMAN SERVICES (HHS),AND HEALTH RESOURCES AND SERVICES ADMINISTRATION (HRSA). A SIGNIFICANT NUMBER OF OUR VISITS ARE PROVIDED AT A DEEP DISCOUNT AND IN MANY INSTANCES FREE. BECAUSE OF OUR FQHC STATUS WE ARE NOT ALLOWED TO TURN AWAY PATIENTS, THEREFORE, WE ARE REIMBURSED FOR THESE LOSSES BY A GRANT FROM THE FEDERAL GOVERNMENT AND CHARITY CARE GRANT FROM THE NEW YORK STATE DEPARTMENT OF HEALTH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,661,576

Program Service Revenue $34,706,680

Investment Income $167,659

Other Revenue $848,709

TOTAL REVENUE $46,384,624

Expense Breakdown

Grants Paid $957,615

Salaries & Benefits $26,497,940

Fundraising Expenses $0

Program Expenses $41,853,956

Other Expenses $21,201,274

TOTAL EXPENSES $48,656,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,384,624	$52,365,957	-0.1%
Expenses	$48,656,829	$46,173,237	+0.1%
Net Income	$-2,272,205	$6,192,720	-1.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

300

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$442,166

Total Directors

Key Employees

$317,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY A LEON	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
CAMILLE EADDY	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANNE MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
GLENN GREENIDGE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JASON PIERRE	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
LEONOR REINA	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
NANCY MARTINEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
SYLVESTER OKONKWO	BOARD MEMBER	1.00	Director	$0	$0	$0
WALTER SANCHEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY LAWRENCE	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
LAWRENCE WOJCIK	OUTGOING CHIEF FINANCIAL OFFICER	35.00	Officer	$66,430	$9,781	$76,211
MIRIAM DABBAH	OUTGOING CHIEF EXECUTIVE OFFICER	35.00	Officer	$122,478	$29,509	$151,987
THOMAS MEYERS	CHIEF COMPLIANCE OFFICER/VP OF WELLNESS	35.00	Officer	$206,268	$7,700	$213,968
ARI BENJAMIN	CHIEF MEDICAL OFFICER	35.00	Key Emp	$284,307	$33,293	$317,600
CARLENE MONDESIR-HAREWOOD	DIRECTOR OF OB/GYN	35.00	Highest	$222,952	$9,739	$232,691
IFEANYI OGUAGHA	DIRECTOR OF INTERNAL MEDICINE	35.00	Highest	$201,647	$68,124	$269,771
LUIS VELASQUEZ	DIRECTOR OF PEDIATRICS	35.00	Highest	$207,160	$53,222	$260,382
MALLIKHARJANUDU KALEPU	FAMILY PRACTITIONER	35.00	Highest	$215,029	$31,039	$246,068
SERGELYNE CADET-VALEUS	INTERNIST	35.00	Highest	$240,379	$43,806	$284,185

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$46,384,624	$48,656,829	$45,605,933	$-2,272,205
2023	$52,365,957	$46,173,237	$46,255,317	$6,192,720
2022	$50,943,191	$49,216,302	$42,490,397	$1,726,889
2021	$54,271,976	$48,846,165	$41,766,834	$5,425,811
2020	$60,556,562	$51,958,618	$35,971,549	$8,597,944
2019	$58,577,956	$61,333,963	$33,404,988	$-2,756,007
2018	$54,576,967	$61,057,188	$35,726,024	$-6,480,221

JOSEPH P ADDABBO FAMILY HEALTH CENTER INC