2024-11-14T21:26:41-06:00 2023-12-31 330700332 VASQUEZ COMPANY LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2023-01-01 753046480 WATTS HEALTHCARE CORPORATION WATT 3235683093 10300 COMPTON AVENUE LOS ANGELES CA 90002 EMMANUEL PARAKATI CHIEF FINANCE OFFICER 3235683093 2024-11-14 1 0 REGINA PRINCE CPA P00576936 2138731700 2023 2024-10-15 13:58:12Z BARRETT HATCHES PHD 10300 COMPTON AVENUE LOS ANGELES CA 90002 36937251 0 X WWW.WATTSHEALTH.ORG X 2002 CA TO IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE AND COMMUNITIES THAT WE SERVE BY ENSURING ACCESS TO COMPASSIONATE, QUALITY, CULTURALLY-SENSITIVE PREVENTIVE AND PRIMARY HEALTH CARE SERVICES. 13 13 338 13 0 0 18906919 16996338 20689235 19786030 0 154883 0 0 39596154 36937251 0 0 0 0 22728881 22439101 0 0 44724 13530526 15666337 36259407 38105438 3336747 -1168187 33455671 34588116 11359596 13660228 22096075 20927888 X TO OPERATE A MEDICAL CLINICS AND SHALL PROMOTE HEALTH AND OTHER PROGRAMS WITHIN THE CITY OF LOS ANGELES AND THE IMMEDIATELY SURROUNDING AREAS. 0 0 22014836 19786030 WATTS HEALTHCARE CORPORATION PROVIDES PRIMARY CARE PROGRAM SERVICES UNDER THE FEDERAL HRSA GRANT SECTION 330 OF THE DEPARTMENT OF HEALTH AND HUMAN SERVICES. THROUGH THIS PROGRAM WITH ADDED STATE MEDI-CAL REVENUE AND FEDERAL FUNDING SUCH AS MEDICARE, WHCC PROVIDES PRIMARY MEDICAL CARE, DENTAL SERVICES, BEHAVIORAL HEALTH AND SPECIALTY SERVICES SUCH AS PODIATRY, OPTHALMOLOGY, AND OPTOMETRY. TOTAL NUMBER OF PATIENTS SERVED WERE AS FOLLOWS:MEDICAL SERVICES: 31,525 CLINIC VISITS AND 9,068 VIRTUAL VISITS.DENTAL SERVICES: 14,032 CLINIC VISITS. 3405294 WIC PROGRAM - WATTS HEALTHCARE CORPORATION OFFERS WIC SERVICES IN FIVE LOCATIONS IN LOS ANGELES, COMPTON, AND HUNTINGTON PARK. WIC IS THE WOMEN, INFANTS AND CHILDREN (WIC) SUPPLEMENTAL NUTRITION PROGRAM WHICH SERVES LOW INCOME PREGNANT, BREASTFEEDING, AND POSTPARTUM WOMEN AND CHILDREN UNDER AGE FIVE WHO HAVE A NUTRITIONAL NEED. WIC IS A FEDERALLY FUNDED PROGRAM AND IS ADMINISTERED BY THE CALIFORNIA DEPARTMENT OF HEALTH SERVICES.WIC SERVICES ARE AVAILABLE TO ANYONE WHO LIVES IN CALIFORNIA AND MEETS THE PROGRAM GUIDELINES REGARDLESS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, RELIGION, AGE, DISABILITY OR IMMIGRATION STATUS. WOMEN ARE ENCOURAGED TO ENROLL INTO WIC AS SOON AS THEY LEARN THEY ARE PREGNANT.THE GOALS OF THE WIC PROGRAM ARE: - TO DECREASE THE COMPLICATIONS OF PREGNANCY; - TO PREVENT LOW BIRTH WEIGHT BABIES; - TO DECREASE IRON DEFICIENCY ANEMIA; AND - TO PROMOTE OPTIMUM GROWTH AND DEVELOPMENT OF INFANTS AND YOUNG CHILDREN.WIC PROGRAM SERVICES INCLUDE: - WIC BENEFITS FOR NUTRITIOUS FOODS, - NUTRITION EDUCATION - BREASTFEEDING EDUCATION AND SUPPORT - REFERRALS TO HEALTH CARE AND OTHER COMMUNITY SERVICES.TOTAL NUMBER OF FAMILIES SERVED DURING 2023 IS 9,741. 3826372 WATTS HEALTHCARE CORP INC HOUSE OF UHURU IS A RESIDENTIAL AND OUT-PATIENT SUBSTANCE USE DISORDER PROGRAM CENTER LOCATED AT 8005 SOUTH FIGUEROA STREET IN THE 90003 ZIP CODE IN LOS ANGELES, CA. SOME OF THE TREATMENT APPROACHES USED INCLUDE RATIONAL EMOTIVE BEHAVIORAL THERAPY, AND THE 12-STEP REHAB AND TRAUMA COUNSELING. THE CENTER PROVIDES LONG-TERM REHAB, INTENSIVE OUT-PATIENT TREATMENT PROGRAMS AND REGULAR OUT-PATIENT TREATMENT. THE CENTER ALSO PROVIDES INPATIENT TREATMENT FOR DRUG/ALCOHOL ADDICTION, MENTAL HEALTH DIAGNOSIS, AND RESIDENTIAL SUBSTANCE USE TREATMENT. THE CENTER OPERATES 24/7 AND IS LICENSED FOR 66 BEDS. TOTAL NUMBER OF PATIENTS SERVED IS 1,952 CLINIC VISITS AND 619 VIRTUAL VISITS. 29246502 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 114 0 1 338 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X EMMANUEL PARAKATI 3235644331 10300 COMPTON AVENUE LOS ANGELES CA 90002 REV DR JOE H WALLER BOARD MEMBER 1.00 X 0 0 0 REV DR TICEY BROWN BOARD MEMBER 1.00 X 0 0 0 DR OSAZUWA OMEDE BOARD MEMBER 1.00 X 0 0 0 LINDA DANIELS BOARD MEMBER 1.00 X 0 0 0 GLENN C FORD VICE CHAIR 1.00 X X 0 0 0 SARA HEALEY BOARD MEMBER 1.00 X 0 0 0 JOAN HUGHES BOARD MEMBER-RESIGNED 1.00 X 0 0 0 VICTOR CORTEZ BOARD CHAIR 1.00 X X 0 0 0 LILIBETH CASTANEDA SECRETARY 1.00 X X 0 0 0 MATTIE SANDERS TREASURER 1.00 X X 0 0 0 TAMIKA HENRY BOARD MEMBER 1.00 X 0 0 0 SHANY VELA BOARD MEMBER 1.00 X 0 0 0 RUDY JAIME BOARD MEMBER 1.00 X 0 0 0 YOANA ESTRADA BOARD MEMBER 1.00 X 0 0 0 HAREGEWOIN YOHANNES CHIEF FINANCIAL OFFICER-RETIRED 40.00 X 212407 0 25636 MICHAEL JOHNSON CHIEF EXECUTIVE OFFICER-TERMINATED 40.00 X 78497 0 7730 BARRET HATCHES PHD ACTING CHIEF EXECUTIVE OFFICER 40.00 X 206131 0 0 EMMANUEL PARAKATI CHIEF FINANCIAL OFFICER 40.00 X 1669 0 0 OLIVER BROOKS CHIEF MEDICAL DIRECTOR 40.00 X 315506 0 42131 VILMA GONZALEZ-BARRETO CHIEF PHYSICIAN OB/GYN 40.00 X 254940 0 37765 LYNN DEWGARDE CHIEF PHYSICIAN PEDIATRICS 40.00 X 227897 0 29482 REGINALD MOORE DIRECTOR OF DENTAL & ENVIR OF CARE 40.00 X 212253 0 35349 OLUSHEYI LAWOYIN CHIEF OPERATING OFFICER 40.00 X 186596 0 18521 DAWN BERNARD DIRECTOR OF QUALITY 40.00 X 162071 0 25474 KHANG HOANG STAFF PHYSICIAN URGENT CARE 40.00 X 219667 0 19626 RUTH YOON STAFF PHYSICIAN PEDIATRICS 40.00 X 210392 0 25255 RACHEL BARANCO STAFF PHSICIAN PEDIATRICS 40.00 X 180288 0 40589 KOSAL SEK PHYSICIAN ASSISTANT 40.00 X 163005 0 8150 ERICA DENLEY STAFF DENTIST 40.00 X 162225 0 8495 2793544 0 324203 30 0 1 0 BETA HEALTHCARE GROUP 1443 DANVILLE BLVD ALAMO CA 94507 HEALTHCARE CONSULTANTS 778032 COMPHEALTH 7259 S BINGHAM JCT BLVD MIDVALE UT 84047 MEDICAL STAFFING 601078 UNISERVE FACILITIES SCVS CORP 2363 S ATLANTIC BL COMMERCE CA 90040 JANITORIAL SERVICES 575680 MEDICUS IT LLC 100 NORTH POINT CENTER EAST ALPHARETTA GA 30022 IT SERVICES 324892 BARTKO ZANKEL BUNZEL & MILLER ONE EMBARCADERO CENTER STE 800 SAN FRANCISCO CA 94111 LEGAL SERVICES 123067 10 16727405 268933 16996338 NET PATIENT SERVICES 624100 12953945 12953945 CAPITATION REVENUES 624100 5155157 5155157 PHARMACY REVENUES 624100 1375872 1375872 OTHER PROGRAM REVENUE 624100 297531 297531 MEDICAL RECORDS 624100 3525 3525 19786030 154883 154883 36937251 19786030 0 154883 2080053 1705724 374329 14906621 12221846 2684775 577306 474114 103192 3630367 2981447 648920 1244754 1022257 222497 1914442 212977 1701465 123123 74490 48633 2171175 1313564 812887 44724 912790 789048 123742 617339 336275 281064 3814128 3400799 413329 422710 108550 314160 3058 3024 34 672552 645640 26912 686344 174792 511552 MEDICAL SUPPLIES 1949200 1949200 OTHER PROGRAM SUPPLIES 618694 618694 0 EQUIPMENT MAINTENANCE 537239 381674 155565 BAD DEBT EXPENSE 454262 454262 769281 378125 391156 38105438 29246502 8814212 44724 13475300 18383220 4646628 2288060 2320464 1371452 414677 501310 18577436 8950493 10079795 9626943 2518807 2417131 33455671 34588116 3804019 5051311 178647 299538 3365430 3215475 4011500 5093904 11359596 13660228 X 20096075 18927888 2000000 2000000 22096075 20927888 33455671 34588116 -1168187 0 X 0 1 X 1 1 1 X 8708405 10434222 23313309 18906919 16996338 78359193 8708405 10434222 23313309 18906919 16996338 78359193 78359193 154883 154883 78514076 111368461 0.99800 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5386653 5386653 2897716 1182392 1715324 1680779 786933 893846 4992521 3733461 1259060 3619767 3247707 372060 9626943 SECURITY DEPOSIT 250775 LEASES, RIGHT OF USE ASSETS 2166356 2417131 CLAIMS PAYABLE 561928 ESTIMATED SETTLEMENT AMOUNTS DUE TO THIRD PARTY PAYERS 2422767 LEASE LIABILITIES 2109209 5093904 X 36937251 0 36937251 0 36937251 38105438 0 38105438 0 38105438 PART X, LINE 2: WHCC IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. THE ORGANIZATION IS FURTHER DESCRIBED UNDER IRC SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) AS A PUBLIC CHARITY. WHCC, HOWEVER, IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS ACTIVITY, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANAGEMENT, IT IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. WHC HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED RELATE TO THE ORGANIZATION'S COMPLIANCE WITH THE IRC SECTION 501(C)(3) OPERATIONAL REQUIREMENTS, INCLUDING WHETHER THERE ARE SUBSTANTIAL UNRELATED TRADE OR BUSINESS INCOME ACTIVITIES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS, BASED ON THE TECHNICAL MERITS OF THE POSITION, WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION. THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. WHCC'S INCOME TAX RETURNS REMAIN SUBJECT TO EXAMINATION GENERALLY FOR THREE AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY. X X X X 0 0 0 0 0 0 0 0 0 OLIVER BROOKS CHIEF MEDICAL DIRECTOR 301831 0 13675 0 0 0 25241 0 16890 0 357637 0 0 0 VILMA GONZALEZ-BARRETO CHIEF PHYSICIAN OB/GYN 253940 0 1000 0 0 0 20395 0 17370 0 292705 0 0 0 LYNN DEWGARDE CHIEF PHYSICIAN PEDIATRICS 224797 0 3100 0 0 0 18232 0 11250 0 257379 0 0 0 REGINALD MOORE DIRECTOR OF DENTAL & ENVIR OF CARE 211253 0 1000 0 0 0 12735 0 22614 0 247602 0 0 0 KHANG HOANG STAFF PHYSICIAN URGENT CARE 218667 0 1000 0 0 0 10983 0 8643 0 239293 0 0 0 HAREGEWOIN YOHANNES CHIEF FINANCIAL OFFICER-RETIRED 211407 0 1000 0 0 0 16993 0 8643 0 238043 0 0 0 RUTH YOON STAFF PHYSICIAN PEDIATRICS 210392 0 0 0 0 0 16831 0 8424 0 235647 0 0 0 RACHEL BARANCO STAFF PHSICIAN PEDIATRICS 179288 0 1000 0 0 0 14423 0 26166 0 220877 0 0 0 BARRET HATCHES PHD ACTING CHIEF EXECUTIVE OFFICER 206131 0 0 0 0 0 0 0 0 0 206131 0 0 0 OLUSHEYI LAWOYIN CHIEF OPERATING OFFICER 181809 0 4787 0 0 0 9878 0 8643 0 205117 0 0 0 DAWN BERNARD DIRECTOR OF QUALITY 161071 0 1000 0 0 0 8104 0 17370 0 187545 0 0 0 KOSAL SEK PHYSICIAN ASSISTANT 162005 0 1000 0 0 0 8150 0 0 0 171155 0 0 0 ERICA DENLEY STAFF DENTIST 161225 0 1000 0 0 0 8495 0 0 0 170720 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE WHCC FINANCE AND AUDIT COMMITTEE REVIEWS THE 990 WITH THE ASSISTANCE OF THE TAX PREPARER, PARTNER AND STAFF, I.E. THE WHCC CFO. THE 990 DRAFT IS FORWARDED FOR BOARD REVIEW AT THE NEXT AVAILABLE MEETING PRIOR TO THE FILING DEADLINE. IF ANY FACTS, GRAMMAR OR STYLE ARE REQUESTED FOR CHANGE ON THE DRAFT FORMS, THE CHANGES ARE MADE, AND AFTER FULL BOARD REVIEW, THE 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE COVERED PERSONS UNDER WHCC'S CONFLICT OF INTEREST POLICY. AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM IS REQUIRED TO BE COMPLETED BY ALL COVERED PERSONS WHEREIN THEY AFFIRM THAT THEY 1) HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; 2) HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY; 3) AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY; 4) AFFIRM ANY TRANSACTIONS THEY OR A FAMILY MEMBER HAVE ENTERED INTO, DIRECTLY OR INDIRECTLY, WITH WHCC; 5) AFFIRM WHETHER THEY OR A FAMILY MEMBER HELD A POSITION WITH AN ORGANIZATION THE WHCC HAS ANY BUSINESS RELATIONSHIP WITH; 6) AFFIRM WHETHER THEY OR A FAMILY MEMBER HAD A FINANCIAL INTEREST IN ANY ORGANIZATION THAT WHCC HAS OR IS CONTEMPLATING ENTERING INTO A BUSINESS RELATIONSHIP WITH; AND 7) AFFIRM WHETHER THEY OR A FAMILY MEMBER RECEIVED ANY GIFTS, MONEY, LOANS OR OTHER TYPE OF SERVICE OR FAVOR WITH A MARKET VALUE OF $200 OR MORE FROM ANY PERSON OR ORGANIZATION THAT HAS, OR IS SEEKING TO HAVE, A BUSINESS RELATIONSHIP WITH THE WHCC. THE BOARD OF DIRECTORS REVIEWS THE ANNUAL DISCLOSURES AND ADDRESSES ANY POTENTIAL CONFLICTS OF INTEREST, WITH ANY INTERESTED PERSON ABSTAINING FROM THE DELIBERATION AND DISCUSSION OF THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 WHCC USES AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW THE SALARIES OF THE CEO, OFFICERS, AND KEY EMPLOYEES PER THE CALIFORNIA NOT-FOR-PROFIT INTEGRITY ACT AND IRS IMPLIED GOAL THAT ALL NOT-FOR-PROFITS USE INDEPENDENT JUDGEMENT IN COMPENSATION MATTERS FOR THE TOP MANAGEMENT PERSONNEL. USUALLY THE CEO AND DIRECTOR OF THE HUMAN RESOURCES PLUS THE INDEPENDENT CONSULTANT REVIEW THE COMPENSATION REPORT RESULTS WITH THE BOARD IN EXECUTIVE SESSION. ALSO BOARD MEMBERS APPROVE THE CEO'S COMPENSATION PURSUANT TO CEO'S CONTRACT PROVISIONS. THE DOCUMENTATION OF THE BOARD INCLUDES THE TERMS OF THE TRANSACTION, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABLE DATA AND HOW IT WAS OBTAINED, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 SOME OR ALL OF THESE ITEMS MAY BE AVAILABLE UPON REQUEST.