2025-01-31T13:51:33-05:00 2023-12-31 660703468 GALINDEZ LLC PO BOX 364152 SAN JUAN PR 009364152 990 2023-01-01 660407821 RYDER HEALTH PLAN INC RYDE 7878520846 PO BOX 859 HUMACAO RQ 00791-0092 CARMEN COLN MELNDEZ EXECUTIVE DIRECTOR 7878520846 2025-01-31 false EDGARDO R ROSA-ORTIZ P01766694 7877254545 2025-01-31 2023 2025-03-06 01:10:19Z CARMEN COLN MELNDEZ PO BOX 859 HUMACAO PR 00792 1226311 false X N/A X 1984 PR PROVIDING COMPREHENSIVE HEALTH CARE SERVICES ON A PREPAID AND AT A LOW COST TO SUBSCRIBERS 17 17 6 0 0 1317758 1210871 3557 12043 93318 3397 1414633 1226311 0 0 175696 106831 0 0 1660736 1996380 1836432 2103211 -421799 -876900 1856498 1589723 1321048 1536976 535450 52747 PROVIDING COMPREHENSIVE HEALTH CARE SERVICES ON A PREPAID AND AT A LOW COST TO SUBSCRIBERS false false 957632 1210871 RYDER HEALTH PLAN, INC. (THE PLAN) WAS CREATED FOR THE PURPOSE OF PROVIDING COMPREHENSIVE HEALTH CARE SERVICES ON A PREPAID BASIS AND FOR THE PURPOSE OF ESTABLISHING AND OPERATING ORGANIZED HEALTH MAINTENANCE AND HEALTH CARE DELIVERY SYSTEMS. 957632 true false false false false false false false false false true false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 false 6 true false false false false false false false false X 17 17 false false false false true true true true true false false false true true true false false true true false X ANGEL L RIVERA MARTINEZ 7878520846 353 AVE FONT MARTELO SUITE 1 HUMACAO PR 007910092 X ADELIA I ACEVEDO DIRECTOR 2.00 X 0 0 0 CARMEN S ALBINO DIRECTOR 2.00 X 0 0 0 ESTHER ALEMN SECRETARY 4.00 X X 0 0 0 BRBARA T BAYLOR DIRECTOR 2.00 X 0 0 0 BENJAMN BERROS DIRECTOR 2.00 X 0 0 0 MIRIAM ALICEA CALDERN DIRECTOR 2.00 X 0 0 0 NGEL E CEPEDA DIRECTOR 2.00 X 0 0 0 PEDRO J DIAZ TREASURER 4.00 X X 0 0 0 ELIZABETH DILLEY DIRECTOR 2.00 X 0 0 0 CARMEN SARA GARCIA VICE-PRESIDE 4.00 X X 0 0 0 JESS JUSINO DIRECTOR 2.00 X 0 0 0 CARLOS A LPEZ DIRECTOR 2.00 X 0 0 0 CARMEN A NEBOT DIRECTOR 2.00 X 0 0 0 JUAN M MNDEZ ROSA PRESIDENT 4.00 X X 0 0 0 ELDA E ROSARIO DIRECTOR 2.00 X 0 0 0 ELBA L SANTANA ROTGER DIRECTOR 2.00 X 0 0 0 JESUS M REINA VAZQUEZ DIRECTOR 2.00 X 0 0 0 CARMEN COLN MELNDEZ EXECUTIVE DI 4.00 X 0 0 0 false false false SMART HEALTH PLUGINS INC 1302 AVE ASHFORD ASHFORD IMPERIAL SAN JUAN PR 00907 MANAGEMENT SERV 137000 1 PROGRAM SERVICE REVENUE 900099 1210871 1210871 1210871 9543 9543 2500 2500 2500 2500 PHARMACY REBATES 2512 2512 OTHER INCOME 885 885 3397 1226311 1226311 X 89908 89908 3502 3502 3001 3001 10420 10420 1179662 957632 222030 4875 4875 3059 3059 3224 3224 4283 4283 MEDICAL CLAIMS OVER CAPIT 692802 692802 ADMINISTRATIVE 83251 83251 RENT EXPENSE 24000 24000 BAD DEBT EXPENSE 1224 1224 2103211 957632 1145579 0 654055 384331 355708 357659 95515 85863 129151 29420 4066 4619 155992 143453 15763 12539 602240 715292 1856498 1589723 653384 815682 67664 13920 600000 707374 1321048 1536976 X 535450 52747 535450 52747 1856498 1589723 X -876900 394197 X false true X true false X 1842593 1850868 1575836 1317758 1210871 7797926 1842593 1850868 1575836 1317758 1210871 7797926 7797926 9543 9543 9543 9543 15334 21338 9894 96875 3397 146838 1857927 1872206 1585730 1414633 1223811 7954307 0.98030 0.98120 0.00000 0.00000 X PART III, LINE 12 146,838 41792 32282 9510 114200 111171 3029 12539 MANDATORY CERTIFICATE OF DEPOSIT 600000 OPERATING LEASE RIGHT-OF-USE ASSETS 107374 INREREST RECEIVABLE FROM BANKS 7918 715292 MANDATORY RESERVE 600000 OPERANTING LEASE LIABILITY, NET OF C 87574 CURRENT PORTION OF OPERATING LEASE L 19800 707374 1226311 1226311 1226311 2103286 75 75 2103211 2103211 SCHEDULE D, PAGE 4, PART XII, LINE 2D BOOK / TAX DEPRECIATION DIFFERENCE 75 SCHEDULE D, PAGE 4, PART XIII AS REQUIRED BY THE COMMISSIONER, THE PLAN MAINTAINS A STATUTORY DEPOSIT UNDER THE CUSTODY OF THE SECRETARY OF TREASURY OF THE COMMOWEALTH OF PUERTO RICO, AMOUNTING 600,000 AS OF DECEMBER 31,2023 AND 2022, AND CONSISTED OF CERTIFICATES OF DEPOSITS BEARING INTERESTS RANGING FROM 0.05% TO 0.60% FOR BOTH YEARS, WITH AN ORIGINAL MATURITY FROM ONE (1) TO THREE (3) YEARS. THE DEPOSIT IS REQUIRED TO GURANTEE THE FULFILLMENT OF OBLIGATION, TOWARD SUBSCRIBERS, PROVIDERS AND OTHER CREDITORS. AS OF DECEMBER 31, 2023 AND 2021, ACCUMULATED INTEREST EARNED ON RESTRICTED DEPOSIT INCLUDED IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION, WHICH ARE ALSO INVESTED IN THE ABOVE-MENTIONED CERTIFICATE OF DEPOSITS, AMOUNTED TO 9,543 AND 3,557, RESPECTIVELY. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERSHIP IN THE BOARD OF DIRECTORS SHALL BE LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF THE BOARD OF DIRECTORS OF RYDER HEALTH PLAN, INC. OR NON-MEMBERS WHO HAVE THE APPROVAL OF SAID SPONSORING ORGANIZATION. THE BOARD OF DIRECTORS SHALL CONSIST OF SEVENTEEN (17) DIRECTORS. TWO ALTERNATE DIRECTORS ARE ALSO APPOINTED TO REPRESENT TWO DIRECTORS THAT LIVED IN THE UNITED STATES WHEN THEY CAN NOT TRAVEL TO PUERTO RICO. UNTIL THE FIRST ANNUAL MEETING OF THE MEMBERS AND/OR UNTIL SUCCESSORS ARE DULY ELECTED AND QUALIFIED THE BOARD OF DIRECTORS SHALL CONSIST OF NINETEEN (19) PERSONS AT MOST WHO QUALIFY AS PREVIOUSLY MENTIONED AND WHO SHALL BE ELECTED AS SUCH BY THE INCORPORATORS WHO EXECUTE AND FILED THE CHARTER. AT THE FIRST ANNUAL MEETING OF THE MEMBERS AND AT EACH ANNUAL MEETING THEREAFTER, MEMBERS SHALL ELECT DIRECTORS TO HOLD OFFICE UNTIL THEIR TERM EXPIRES OR UNTIL THEIR SUCCESSORS ARE ELECTED AND QUALIFIED. FORM 990, PAGE 6, PART VI, LINE 7B 1) INCREASE THE NUMBER OF MEMBERS OF THE BOD. 2) AMENDMENT BY-LAWS OF THE CORPORATION. 3) APPROVAL OF ANY PLAN FOR DISSOLUTION, MERGER OR DISPOSITION OF THE ASSETS OF THE CORPORATION. 4) SELECTION OF THE INDEPENDENT AUDITORS OF THE CORPORATION. 5) THE BOD SHALL ELECT THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 11B THE REVIEW PROCESS OF THE FORM 990 IS UNDER THE RESPONSIBILITY OF THE BOARD OF DIRECTORS FINANCE COMMITTEE. SUCH COMMITTEE AT THE SAME TIME, DELEGATES THIS TASK TO THE ADMINISTRATIVE DIRECTOR, WHO PERFORMS THE REVIEW OF THE 990 FORM AND IS AUTHORIZED TO PROVIDE THE RELEASE FOR THE FINAL ISSUANCE OF THE FORM. FORM 990, PAGE 6, PART VI, LINE 12C THE PROPER GOVERNANCE OF RYDER HEALTH PLAN, INC. GOVERNING BOARD MEMBERS WHO GIVE THEIR TIME FOR THE BENEFIT OF THE COMMUNITY SERVED BY THIS CORPORATION; AND BECAUSE THE VARIED INTEREST AND BACKGROUND OF THE GOVERNING BOARD MEMBERS, MAY RESULT IN SITUATIONS INVOLVING A DUAL INTEREST THAT MIGHT APPEAR AS CONFLICT OF INTEREST; AND SERVICES SHOULD NOT BE RENDERED IMPOSSIBLE SOLELY BY REASON OF DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST; AND SERVICE CARRIES A REQUIREMENT OF LOYALTY AND FIDELITY TO THE CORPORATION KNOWN AS RYDER HEALTH PLAN, INC. IT IS THE RESPONSIBILITY OF THE BOARD MEMBERS TO GOVERN THE INSTITUTION'S AND THE COMMUNITY INTEREST WITH HONESTY, EXERCISING THEIR BEST CARE, SKILL AND JUDGEMENT FOR THE BENEFIT OF THE INSTITUTION AND ITS MEMBERS, AND THE MATTER OF ANY DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST CAN BEST BE HANDLED THROUGH FULL DISCLOSURE OF ANY SUCH INTEREST, TOGETHER WITH ABSTENTION IN ANY VOTE WHERE IN THE INTEREST IS INVOLVED. THE FOLLOWING POLICY OF DUALITY AND CONFLICT OF INTEREST IS HEREBY ADOPTED: 1. ANY DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST OF THE PART OF ANY GOVERNING MEMBER SHOULD BE DISCLOSED TO THE OTHER BOARD MEMBERS AND MADE A MATTER OF RECORD, EITHER THROUGH AN ANNUAL PROCEDURE OR WHEN THE INTEREST BECOMES A MATTER OF BOARD ACTION. 2. ANY BOARD MEMBER HAVING A DUALITY OR POSSIBLE CONFLICT OF INTEREST ON ANY MATTER SHOULD NOT VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER, AND HE OR SHE SHOULD NOT BE COUNTED IN DETERMINING THE QUORUM FOR THE MEETING, EVEN WHEN PERMITTED BY LAW. THE MINUTES OF THE MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE, THE ABSTENTATION FROM VOTING AND THE QUORUM SITUATION. 3. THE ABOVE MENTIONED REQUIREMENTS SHOULD NOT BE CONSTRUED AS PREVENTING THE BOARD MEMBERS FROM STATING THEIR POSITION IN THE MATTER, NOR FROM ANSWERING PERTINENT QUESTIONS IN SUCH MATTER. THAT THIS POLICY BE REVISED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF THE BOARD MEMBERS, AND THAT ANY NEW MEMBER BE ADVISED OF THE POLICY UPON ENTERING ON THE DUTIES OF HIS OR HER OFFICE. FORM 990, PAGE 6, PART VI, LINE 15A THE PROCESS TO DETERMINE THE COMPENSATION TO TOP OFFICERS IS BASED ON: 1) JOB DESCRIPTIONS 2) MINIMUM QUALIFICATIONS FOR THE POSITION 3) EXPERIENCE 4) EDUCATION THE ORGANIZATION COMPLIES WITH MANDATORY DECREES BY THE GOVERNMENT. FORM 990, PAGE 6, PART VI, LINE 15B THE PROCESS TO DETERMINE THE COMPENSATION TO OFFICERS IS BASED ON: 1) JOB DESCRIPTIONS 2) MINIMUM QUALIFICATIONS FOR THE POSITION 3) EXPERIENCE 4) EDUCATION THE ORGANIZATION ALSO PERFORMS BENCHMARKING OF THE INDUSTRY AND THE MARKET IN THE GENERAL TO SET AND OFFER COMPETITIVE SALARIES. THE ORGANIZATION REVIEWS ANNUALLY THE SALARIES GRANTED TO EMPLOYEES AND RAISES ARE APPROVED DEPENDING IN THE FINANCIAL POSITION OF THE ORGANIZATION. RAISES MUST BE APPROVED BY THE BOD. THE ORGANIZATION ALSO COMPLIES WITH MADATORY DECREES BY THE GOVERNMENT. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS OR BYLAWS AVAILABLE TO THE MEMBERS OF THE BOARD OF DIRECTORS AND TOP MANAGEMENT. THE POLICY OF CONFLICTS OF INTEREST IS AVAILABLE TO THE ORGANIZATION'S BOARD OF DIRECTORS, TOP MANAGEMENT AND EMPLOYEES IN ORDER THAT ALL BE AWARE OF SUCH IN THE PERFORMANCE OF THEIR FUNCTIONS. IN CASE OF THE FINANCIAL STATEMENTS, THESE ARE MADE AVAILABLE TO CERTAIN PARTIES IN ADDITION TO THE ORGANIZATION'S MANAGEMENT, SUCH AS THE FEDERAL GOVERNMENT AND CREDITORS. FORM 990, PART IX, LINE 11G OTHER EXPENSES 957,632 222,030 0 FORM 990, PART XI, LINE 9 EQUITY TRANSFER FROM AFFILIATED ENTITY 394,197 RYDER MEMORIAL HOSPITAL INC PO BOX 859 HUMACAO PUERTO RICO RQ 00791-0000 660258919 HEALTHCARE PR 501C3 3 NA false EGIDA RYDER INC PO BOX 859 HUMACAO PUERTO RICO RQ 00792-0000 660461792 HOUSING PR 501C3 3 NA false RYDER ASSISTED CARE INC PO BOX 859 HUMACAO PUERTO RICO RQ 00792-0000 660537553 HOUSING PR 501C3 3 NA false RYDER ASSISTED CARE II INC PO BOX 859 HUMACAO PUERTO RICO RQ 00792-0000 660548321 HOUSING PR 501C3 3 NA false RYDER ASSISTED CARE III INC PO BOX 859 HUMACAO PUERTO RICO RQ 00792-0000 660550405 HOUSING PR 501C3 3 NA false RYDER VILLAGE INC PO BOX 859 HUMACAO PUERTO RICO RQ 00792-0000 660537554 HOUSING PR 501C3 3 NA false RYDER VILLAGE II INC PO BOX 859 HUMACAO PUERTO RICO RQ 00792-0000 660550404 HOUSING PR 501C3 3 NA false FUNDACIN DR JOHN A & VIRGINIA PO BOX 859 HUMACAO PUERTO RICO RQ 00792-0000 660524612 FUNDRAISIN PR 501C3 3 NA false RYDER HOME FOR THE ELDERLY INC PO BOX 859 HUMACAO PUERTO RICO RQ 00792-0000 660706107 HEALTHCARE PR 501C3 3 NA false false false false false false false false false false false true false true false false true false false false RYDER MEMORIAL HOSPITAL INC P 30000 RYDER MEMORIAL HOSPITAL INC K 24000 RYDER MEMORIAL HOSPITAL INC M 1650434