SOMOS Community Care

Legal name: Somos Healthcare Providers Inc

Nonprofit profile at a glance

EIN
472528627
IRS 990 coverage
2018–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Bronx, NY, USA
Phone
6469797613
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Health Program (Includes General Health and Wellness Promotion Services)

Official website

Reported finances

Revenue
$21,817,906
Expenses
$32,932,354
Assets
$44,665,012
Liabilities
$7,510,243

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • MARIO PAREDES (CEO)
  • HENRY CHEN MD (PRESIDENT - DIRECTOR)

Highest reported compensation

  • MARIO PAREDES (CEO): $434,117 total reported compensation
  • MICHELLE YOLANDA MORAZAN (VP POLICY & STRAT DEVLOP.): $368,941 total reported compensation
  • LIDIA VIRGIL (COO): $356,577 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the health and well-being of underserved communities by providing integrated, value-based healthcare and social care services.

What it reported doing in 2024

In 2024, SOMOS continued to build the capacity of network providers to engage in value-based care initiatives including practice transformation and capacity building; secure bidirectional exchanges and critical connectivity; and engage in strategic communications and community education. The organization is engaged in supporting a growing network of Health Related Social Needs (HRSN) providers in an innovative Social Care Network 1115 waiver funded program in New York State. The organization engaged in sustainable, critical practice transformation and capacity-building activities including expanding Patient-Centered Medical Homes (PCMH), assisting in closing care gaps, care management, care coordination, and deploying Community Health Workers (CHWs). The organization secured bidirectional exchanges and ensured critical connectivity, centralized Information Technology (IT) system, and enhanced the Electronic Health Record (EHR) systems. SOMOS also facilitated data warehouse and data analytics for providers to improve the quality of care and identify gaps in care. SOMOS has facilitated the growth of a diverse network of providers dedicated to whole-person integrated care and addressing health inequities amongst underserved residents of New York City. SOMOS reached, meaningfully engaged, and sustained the active participation of patients in their health, by engaging in advertising, marketing, communications, education, events, digital marketing, patient-use tools, health fairs and events, research and data, and strategic partnerships.

Operating model

Revenue model
Grant-funded. 91% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 80.9%; rating input score 81
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 65.5%; rating input score 66; 13th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -50.9%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 1.36; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 9.3%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: -16.8% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -29.5% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -26.7% per year; rating input score 0; 0th percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 100% of revenue deployed · 80.9% of spending went to programs
  • Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $26.7M in reported program spending
  • Leadership: top reported pay $434K · 21 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $16.9M reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 19 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.