Promesa Residential Health Care Fa… - 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

1992

Legal Domicile

Principal Officer

Lymaris Albors

Phone

7182991100

Tax Period

2023-01-01 to 2023-12-31

Promesa Residential Health Care Facility Inc, founded in 1992, is a mid-sized nonprofit in the Health Care sector that reported $10.7M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $15.7M exceeded revenue, resulting in a 47% operating deficit.

Mission

PROMESA RESIDENTIAL HEALTH CARE FACILITY OPERATES A 108 BED LONG TERM CARE FACILITY THAT PROVIDES COMPREHENSIVE, HOLISTIC, CULTURALLY AND LINGUISTICALLY COMPETENT SERVICES TO INDIVIDUALS LIVING WITH ACQUIRED IMMUNE DEFICIENCY SYNDROME (AIDS) OR OTHER HIV RELATED ILLNESSES.

Program Service Accomplishments

Program 1

Expenses: $13,580,148 Revenue: $10,551,922

PROMESA RHCF PROVIDES HEALTH CARE AND RESIDENTIAL CARE FOR ADULTS WHO TEST POSITIVE FOR THE HUMAN IMMUNODEFICIENCY VIRUS (HIV) AND ARE DIAGNOSED AS HAVING ACQUIRED IMMUNE DEFICIENCY SYNDROME (AIDS). TOTAL CAPACITY FOR THE FACILITY IS 108 BEDS. DURING 2023, THE FACILITY PROVIDED 27,091 DAYS OF SKILLED NURSING CARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $131,510

Program Service Revenue $10,551,922

Investment Income $28,161

Other Revenue $30,049

TOTAL REVENUE $10,741,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,725,172

Fundraising Expenses $0

Program Expenses $13,580,148

Other Expenses $5,023,677

TOTAL EXPENSES $15,748,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,741,642	$14,073,894	-0.2%
Expenses	$15,748,849	$15,575,276	+0.0%
Net Income	$-5,007,207	$-1,501,382	+2.3%

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

133

Volunteers

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

$3,146,489

Total Directors

Key Employees

$157,088

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAUL RUSSI	PRESIDENT	2.0	Officer	$0	$70,634	$980,006
LYMARIS ALBORS	chief executive officer	2.0	Officer	$0	$39,079	$842,965
JOSE A RODRIGUEZ	chief legal officer/exec. vp	2.0	Officer	$0	$37,084	$639,637
Vicky Gatell	CHIEF FINANCIAL OFFICER	2.0	Officer	$0	$42,707	$497,576
KINGSLEY NWOKEJI	PSYCHIATRIST	35.0	Highest	$212,034	$9,214	$221,248
MEKONNEN ABEBE	MEDICAL DIRECTOR	35.0	Officer	$155,622	$30,683	$186,305
Alejandro Quintana-Velasquez	Director of Nursing	35.0	Highest	$126,373	$33,047	$159,420
Belinda Morton	MDS Coordinator	35.0	Highest	$139,706	$19,373	$159,079
Kalani M Peterson	Senior Administrator	35.0	Key Emp	$144,567	$12,521	$157,088
Guillermo Noriega	Director of Social Services	35.0	Highest	$110,113	$38,523	$148,636
FEDERICO PEREZ	CHAIR	1.0	Officer Director	$0	$0	$0
FRANK QUILES	VICE CHAIR	1.0	Officer Director	$0	$0	$0
CARMEN J VILLA-LUGO ESQ	BOARD MEMBER	1.0	Director	$0	$0	$0
Alma R CANDELAS	BOARD MEMBER	1.0	Director	$0	$0	$0
GILBERT HERNANDEZ	BOARD MEMBER	1.0	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$10,741,642	$15,748,849	$21,455,179	$-5,007,207
2022	$14,073,894	$15,575,276	$26,195,930	$-1,501,382
2021	$12,177,375	$15,805,161	$29,811,678	$-3,627,786
2020	$15,544,385	$17,873,367	$33,357,767	$-2,328,982
2020	$15,544,385	$17,873,367	$32,388,580	$-2,328,982
2019	$15,067,700	$16,690,015	$35,191,861	$-1,622,315
2018	$17,016,986	$16,938,707	$37,413,625	$78,279
2018	$17,016,986	$16,938,707	$37,413,625	$78,279

Promesa Residential Health Care Facility Inc