Overview
What is Somos Healthcare Providers Inc?
Somos Healthcare Providers Inc is a New York-based nonprofit organization with a mission to expand healthy equity and ensure the sustainability of an independent network of providers. They focus on delivering exceptional, accessible, community-based, patient-centered, culturally competent, preventive, and value-based care to the most vulnerable communities in the Bronx, Kings, New York, Queens counties, and Long Island. Their workforce of 101 employees is dedicated to advancing value-based healthcare and improving patient outcomes while lowering costs through supportive provider collaboration, proactive population health management, care coordination, care management, and robust data collection and analytics. Somos also engages in community-based public health engagement and education, forming partnerships with local religious institutions and community-based organizations for comprehensive social assistance. Their trusted voices have reached millions through strategic communications, contributing significantly to population health success and data dissemination from participatory research and community needs assessments. During the COVID-19 pandemic, Somos operated language testing sites, administered thousands of antibody tests, established multilingual call centers, and launched vital strategic communication campaigns, testing over 1 million people, vaccinating over 1 million, and serving over 2 million free, nutritious meals to the city's most at-risk residents.
Official website here: www.somoscommunitycare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96%
Somos Healthcare Providers Inc has earned a Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The rating is based entirely on a thorough assessment of financial practices, demonstrating a commitment to transparency and responsible management. The organization has performed exceptionally well in all evaluated categories, with a perfect score in several key areas.
One of the notable strengths of Somos Healthcare is its governance structure, featuring a fully independent board of directors. This independence enhances the organization's accountability and decision-making processes. Additionally, the financial oversight mechanisms in place, including an active Audit and Oversight Committee, contribute to a solid framework for maintaining the integrity of its financial reporting.
Moreover, the nonprofit showcases impressive program efficiency with a program expense ratio of 92.22%, indicating that a significant portion of its funds is allocated directly to its mission-related activities. This focus on minimizing administrative costs while maximizing programmatic impact is a strong point for potential donors and supporters. Overall, Somos Healthcare Providers Inc exemplifies effective nonprofit management in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Somos Healthcare Providers Inc legitimate?
Somos Healthcare Providers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somos Healthcare Providers Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,661,618
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,651,523
For more financial information, click here
Official website here: www.somoscommunitycare.org
What is the mission statement of Somos Healthcare Providers Inc?
Somos Healthcare Providers Inc is dedicated to expanding healthcare equity and ensuring the sustainability of an independent network of providers in underserved communities in New York. Their mission in action involves delivering exceptional, accessible, community-based, patient-centered, culturally competent care to the most vulnerable populations in the Bronx, Kings, New York, Queens Counties, and Long Island. Through a multifaceted approach, Somos Healthcare Providers continues to advance a crucial reform roadmap towards value-based care and simultaneously improves patient outcomes and lowers costs. By focusing on preventive care and value-based care, they are making a positive impact on the health and well-being of those they serve.
Official website here: www.somoscommunitycare.org
Who is the CEO of Somos Healthcare Providers Inc?
Mario J Paredes is the Chairman of Somos Healthcare Providers Inc. The CEO's salary of Somos Healthcare Providers Inc is $475,010 and their total compensation is $503,595.
Official website here: www.somoscommunitycare.org
What is the revenue of Somos Healthcare Providers Inc?
Somos Healthcare Providers Inc's revenue in 2022 was $77,520,445.
Official website here: www.somoscommunitycare.org
Who are the executives of Somos Healthcare Providers Inc and what are their salaries?
The average compensation at Somos Healthcare Providers Inc during 2022 was $92,209. There are 101 employees and 11 volunteers at Somos Healthcare Providers Inc.
Here are 23 key members and their salaries (Somos Healthcare Providers Inc's CEO's salary is $475,010 and their total compensation is $503,595):
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- Compensation: $475,010
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- Other: $28,585
- Compensation: $399,395
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- Other: $25,341
- Compensation: $500,803
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- Other: $25,664
- Compensation: $173,661
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- Other: $6,919
- Compensation: $476,898
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- Other: $15,055
- Compensation: $93,199
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- Compensation: $400,171
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- Other: $25,112
- Compensation: $365,863
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- Other: $27,536
- Compensation: $351,592
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- Other: $25,305
- Compensation: $249,570
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- Compensation: $225,356
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- Other: $4,050
- Compensation: $223,962
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- Other: $18,021
- Compensation: $174,308
- Related: $0
- Other: $0
Official website here: www.somoscommunitycare.org
Where can I find the form 990 for Somos Healthcare Providers Inc?
Somos Healthcare Providers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.somoscommunitycare.org
Learn more at the official website: www.somoscommunitycare.org
Mission Statement of Somos Healthcare Providers Inc
Somos Healthcare Providers Inc, a mission-driven organization, strives to expand healthy equity and ensure the sustainability of an independent network of providers in New York. In their pursuit to fulfill this objective, they deliver exceptional, accessible, community-based, patient-centered, culturally competent, preventative, and value-based care to the most vulnerable communities in the Bronx, Kings, New York, Queens counties, and Long Island.
By advancing a multi-year, comprehensive reform roadmap towards value-based care, Somos Healthcare Providers Inc continues to improve patient outcomes and lower costs. Their network providers are dedicated to delivering care that is highly accessible, ensuring that individuals in underserved communities receive the medical attention they need. This care is community-based, meaning it is provided in settings that are familiar and convenient for patients, making it more effective.
Patient-centered care is at the heart of Somos Healthcare Providers Inc's mission. They believe in empowering patients to take an active role in their healthcare, and this is reflected in their culturally competent approach. Their team understands the importance of cultural sensitivity and tailors their services to meet the unique needs of diverse populations. Preventative care is another key area of focus for Somos Healthcare Providers Inc, as they recognize that early intervention can lead to better health outcomes and significant cost savings in the long run.
Value-based care is the guiding principle behind Somos Healthcare Providers Inc's operations. By aligning provider payments with patient outcomes, they incentivize high-quality healthcare and efficient use of resources. This approach not only benefits patients but also contributes to the long-term sustainability of the healthcare system. Somos Healthcare Providers Inc's commitment to this mission has been a crucial factor in improving healthcare access and outcomes for underserved communities in New York.
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Impact
October, 2024
Somos Healthcare Providers Inc significantly enhances health equity and quality of care in underserved communities across New York. By building a strong network of healthcare providers, they focus on delivering culturally competent, patient-centered, and preventive care tailored to the needs of vulnerable populations. This proactive approach not only addresses immediate health care needs but also emphasizes sustainable practices that improve long-term health outcomes.
The organization's efforts include improving population health through care coordination, community engagement, and robust data analytics. This ensures that healthcare providers can effectively measure quality and performance while adapting to the specific needs of the communities they serve. Through strategic partnerships with local organizations and religious institutions, Somos extends vital social assistance beyond medical care, addressing broader social determinants of health like housing and food security.
During the COVID-19 pandemic, Somos played a crucial role in providing in-language testing and vaccination services, specifically targeting communities hardest hit by the crisis. Their initiative to establish testing and vaccination sites in neighborhoods of color, alongside launching a multilingual call center, demonstrates their commitment to breaking down barriers and fostering trust in healthcare systems among populations with historically low health literacy.
Ultimately, Somos Healthcare Providers Inc leads the way in advancing value-based care and innovative health delivery models, ensuring that all community members have access to the resources they need for a healthier life. Through effective communication strategies and community-driven public health initiatives, they continue to make a profound impact on population health and overall community well-being.
This information is meant to be a general summary of Somos Healthcare Providers Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $875,037
- Program Service Revenue: $46,663,365
- Gross Receipts: $77,709,910
Assets and Liabilities:
- Total Assets: $86,975,574
- Total Liabilities: $13,148,689
- Net Assets: $73,826,885
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COVID TESTING
Revenue
$46,663,365
Organization Details
Founding Year
2014
Phone
(646) 979-7613Principal Officer
Mario J Paredes
Main Address
2910 EXTERIOR STREET 1ST FLOOR, BRONX, NY, 10463
Website
www.somoscommunitycare.orgNTEE Category
Code: E70 - Health
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