New York Armenian Home Inc
- Assets
- $920.2k
- Revenue
- $91.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Forest Hills, NY
- Founding
- 03/1950
- Data as of
- 12/2021
- EIN
- 11-1733759
Organization Overview
New York Armenian Home Inc is located in Forest Hills, NY. The organization was established in 1950. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Armenian Home Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, New York Armenian Home Inc generated $91.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.4%) each year. All expenses for the organization totaled $49.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDED CUSTODIAL AND PERSONAL CARE SERVICES FOR ELDERLY INDIVIDUALS THROUGH APRIL OF 2018 WHEN IT CEASED OPERATIONS AND SOLD ITS PROPERTY. THE ORGANIZATION IS CURRENTLY PURSUING VARIOUS PLANS TO USE THE PROCEEDS FROM THE SALE OF THEIR FORMER PROPERTY IN OTHER LOCATIONS CONSISTENT WITH IT'S MISSION AND PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2018, THE ORGANIZATION SOLD ITS PROPERTY UTILIZED TO CARRY OUT ITS EXEMPT PURPOSE AND WILL BE USING PROCEEDS TO BUILD ANOTHER ADULT CARE FACILITY. THE ORGANIZATION IS CURRENTLY IN THE PLANNING STAGE OF CONSTRUCTION AND WILL BE CARRYING OUT ITS MISSION WHEN THE BUILDING IS COMPLETED.
THE ORGANIZATION CONTRIBUTED TO THE FOUNDATION OF THE NEW YORK ARMENIAN HOME INC AND ARMENIAN HOME OF NEW YORK , INC IN FURTHERANCE OF ITS MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neiri Amirian Chairperson | Trustee | 15 | $0 |
Craig Kallem Vice Chairman | Trustee | 10 | $0 |
Armen Caprielian Treasurer | Trustee | 4 | $0 |
Mardiros Anatasian Board Members | Trustee | 1 | $0 |
Arousiag Markarian Secretary | Trustee | 3 | $0 |
Aggie Ellian Board Members | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $31,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,144 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,098,772 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $533,474 |
| Fees for services: Accounting | $19,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,210 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,875 |
| All other expenses | $65 |
| Total functional expenses | $49,678,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,052 |
| Savings and temporary cash investments | $428,146 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $291,039 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $920,237 |
| Accounts payable and accrued expenses | $19,669 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,753 |
| Total liabilities | $48,422 |
| Net assets without donor restrictions | $871,815 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $920,237 |
Grants Awarded
Over the last fiscal year, New York Armenian Home Inc has awarded $49,098,772 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Forest Hills, NY PURPOSE: THE ORGANIZATION CONTRIBUTED TO THE FOUNDATION OF THE NEW YORK ARMENIAN HOME INC IN FURTHERANCE OF ITS MISSION. | $35,097,422 |
Forest Hills, NY PURPOSE: THE ORGANIZATION CONTRIBUTED TO THE ARMENIAN HOME OF NEW YORK, INC IN FURTHERANCE OF ITS MISSION. | $14,001,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Willow Valley Communities Lancaster, PA | $552,338,395 | $126,609,439 |
Isabella Geriatric Center Inc Brooklyn, NY | $130,669,713 | $93,043,151 |
Seabrook Village Inc Tinton Falls, NJ | $317,428,948 | $63,950,386 |
Spiritrust Lutheran York, PA | $151,346,375 | $71,838,005 |
Humangood Pennsylvania Lafayette Hill, PA | $322,351,436 | $66,729,303 |
Newbridge On The Charles Inc Boston, MA | $302,355,064 | $54,466,975 |
Menno-Haven Inc Chambersburg, PA | $224,712,119 | $60,604,024 |
Kendal-Crosslands Communities Kennett Square, PA | $254,475,918 | $64,274,930 |
Old Colony Elder Services Inc Brockton, MA | $21,708,151 | $57,499,133 |
United Church Of Christ Homes Camp Hill, PA | $133,046,183 | $59,846,484 |
Masonicare Health Center Wallingford, CT | $30,328,856 | $51,314,223 |
Trustees Of The Masonic Hall And Asylum Fund New York, NY | $379,711,052 | $51,080,560 |