BORINQUEN HEALTH CARE CENTER INC

EIN: 591417397 501(c)(3)

MIAMI, FL

Total Revenue
$69,095,710
Total Expenses
$68,395,378
Total Assets
$40,742,754
Net Assets
$27,944,254
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
FL
Principal Officer
PAUL CARL VELEZ
Phone
3055766611
Tax Period
2024-02-01 to 2025-01-31

BORINQUEN HEALTH CARE CENTER INC, founded in 1972, is a mid-sized nonprofit that reported $69.1M in total revenue in fiscal year 2024.

Mission

BORINQUEN MEDICAL CENTERS PROVIDE A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES TO OUR CULTURALLY DIVERSE COMMUNITY IN MIAMI-DADE COUNTY. OUR QUALITY SERVICES ARE ACCESSIBLE TO ALL PEOPLE THROUGHOUT THE AREA THROUGH A MULTI-DISCIPLINE APPROACH.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,068,211
Program Service Revenue $45,121,436
Investment Income $318,563
Other Revenue $587,500
TOTAL REVENUE $69,095,710

Expense Breakdown

Grants Paid $41,645
Salaries & Benefits $34,999,651
Fundraising Expenses $0
Program Expenses $59,182,850
Other Expenses $33,354,082
TOTAL EXPENSES $68,395,378

Year-over-Year Comparison

2024 2023 Change
Revenue $69,095,710 $67,605,536 +0.0%
Expenses $68,395,378 $59,566,352 +0.1%
Net Income $700,332 $8,039,184 -0.9%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
443
Volunteers
12

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
4
$1,919,825
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA WOLPER BOARD MEMBER 3.00
Director
$0 $0 $0
EVA PEREZ CHAIRPERSON OF THE BOARD 3.00
Director
$0 $0 $0
HECTOR COLLAZO BOARD MEMBER 3.00
Director
$0 $0 $0
IVAN NASER BOARD MEMBER 3.00
Director
$0 $0 $0
IVETTE VELEZ VICE CHAIRPERSON 3.00
Director
$0 $0 $0
JOCELYN MICHEL BOARD MEMBER 3.00
Director
$0 $0 $0
LUIS DE ROSA BOARD MEMBER 3.00
Director
$0 $0 $0
MARGARET LAFOREST RN SECRETARY 3.00
Director
$0 $0 $0
MARIE ASTRIDE BOBO BOARD MEMBER 3.00
Director
$0 $0 $0
NESTOR CHARDON BOARD MEMBER 3.00
Director
$0 $0 $0
VICTOR ALBA BOARD MEMBER 3.00
Director
$0 $0 $0
DIEGO SHMUELS CHIEF QUALITY OFFICER 40.00
Officer
$313,812 $33,776 $347,588
SINDIA ROSENAY CHIEF FINANCIAL OFFICER 40.00
Officer
$318,714 $9,200 $327,914
DEBORAH GRACIA CHIEF MEDICAL OFFICER 40.00
Officer
$471,472 $46,199 $517,671
PAUL CARL VELEZ CHIEF EXECUTIVE OFFICER 40.00
Officer
$680,746 $45,906 $726,652
ALBERTO MESTRE MEDICAL DIRECTOR OF SPECIALTY CARE 40.00
Highest
$226,701 $29,657 $256,358
HARRY ARCHER PHYSICIAN 40.00
Highest
$245,820 $12,075 $257,895
FRANCISCO RICART PSYCHIATRIST 40.00
Highest
$280,292 $18,787 $299,079
MICHAEL ROSE DIRECTOR OF PHARMACY 40.00
Highest
$287,232 $40,822 $328,054
MICHELLE SOHEIL DENTAL DIRECTOR 40.00
Highest
$306,600 $20,183 $326,783
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
2025 $69,095,710 $68,395,378 $40,742,754 $700,332
2024 $67,605,536 $59,566,352 $39,798,606 $8,039,184
2023 $57,118,026 $55,536,356 $31,720,943 $1,581,670
2022 $55,017,243 $52,619,390 $25,345,345 $2,397,853
2021 $51,658,172 $48,530,989 $23,009,091 $3,127,183
2020 $45,853,409 $43,825,076 $19,537,439 $2,028,333
2019 $38,246,263 $38,656,437 $12,909,033 $-410,174
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