Hasc Center Inc
- Assets
- $81.4m
- Revenue
- $80.4m
- Investments
- $14.6m
- Employees
- 1,708
- Location
- Brooklyn, NY
- Founding
- 10/1994
- Data as of
- 06/2022
- EIN
- 11-2630071
Organization Overview
Hasc Center Inc is located in Brooklyn, NY. The organization was established in 1994. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Hasc Center Inc employed 1,708 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hasc Center 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 06/2022, Hasc Center Inc generated $80.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $76.6m during the year ending 06/2022. While expenses have increased by 9.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HASC CENTER MISSION IS TO ADVOCATE FOR, EDUCATE AND ASSIST INDIVIDUALS WITH DEVELOPMENTAL AND INTELLECTUAL CHALLENGES TO MAKE LIFE CHOICES, EXERCISE INDEPENDENCE AND DEVELOP RESPONSIBILITY. IN THIS ENDEAVOR, HASC CENTER ENCOURAGES ALL INDIVIDUALS TO MAXIMIZE THEIR POTENTIAL AND LEAD MEANINGFUL AND PRODUCTIVE LIVES. THIS IS ACCOMPLISHED BY PROVIDING AN ARRAY OF INDIVIDUAL AND FAMILY SUPPORTS THROUGH A DEDICATED TEAM OF PROFESSIONALS AND SUPPORT STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HASC RESIDENTIAL SERVICES ARE DEDICATED TO ENSURING QUALITY OF LIFE FOR INDIVIDUALS WITH DEVELOPMENTAL AND INTELLECTUAL CHALLENGES TO ENSURE EACH INDIVIDUAL HAS A WARM AND HOMELIKE ATMOSPHERE WHERE THEIR UNIQUE NEEDS ARE MET. INDIVIDUALS ARE GIVEN OPPORTUNITIES TO ACQUIRE GREATER INDEPENDENCE, LEARN NEW SKILLS AND BECOME INTEGRATED MEMBERS OF THEIR COMMUNITIES.
HASC DAY HABILITATION PROGRAM PROVIDES INDIVIDUALS THE OPPORTUNITY TO LEARN PRACTICAL LIFE SKILLS, DEVELOP FRIENDSHIPS, AND EXPLORE AREAS OF PERSONAL INTEREST WITHIN THE COMMUNITY AND ON SITE.
SELF- DIRECTION SERVICES: INDIVIDUALS AND FAMILIES RECEIVE ASSISTANCE IN MANAGING THEIR SUPPORTS AND SERVICES AND ASSISTANCE IN ALLOCATING THEIR FUNDS TOWARD MEMBERSHIPS, CLASSES, CAMP, TRANSPORTATION OR ANY OTHER OPWDD SERVICE THEY PREFER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yeshaya Schwartz Treasurer | Trustee | 0 | $0 |
Abe Eisner President | Trustee | 0 | $0 |
Chaim Lefkowitz Vice President | Trustee | 0 | $0 |
Rabbi Chaim Israel Director | Trustee | 0 | $0 |
Shloimie Goldner Secretary | Trustee | 0 | $0 |
Mordechai Perlstein Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J Gliksman Cpa Pc Accounting | 6/29/22 | $295,879 |
Attending Home Care Home Health Aides | 6/29/22 | $147,452 |
All 2 Services Inc Fi Support Broker | 6/29/22 | $146,890 |
Care At Home Home Health Aides | 6/29/22 | $113,457 |
Stacey Gomes Fi Support Broker | 6/29/22 | $110,340 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $494,844 |
| 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 | $494,844 |
| Total Program Service Revenue | $68,096,690 |
| Investment income | $299,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,407,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $2,143,318 |
| Compensation of current officers, directors, key employees. | $1,020,639 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,039,254 |
| Pension plan accruals and contributions | $162,709 |
| Other employee benefits | $4,381,882 |
| Payroll taxes | $3,548,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $145,774 |
| Fees for services: Accounting | $402,483 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,578 |
| Fees for services: Other | $2,971,189 |
| Advertising and promotion | $107,083 |
| Office expenses | $1,422,597 |
| Information technology | $176,095 |
| Royalties | $0 |
| Occupancy | $2,641,663 |
| Travel | $2,828,279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $257,826 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,310,035 |
| Insurance | $350,108 |
| All other expenses | $931,641 |
| Total functional expenses | $76,643,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,471,685 |
| Savings and temporary cash investments | $560,976 |
| Pledges and grants receivable | $14,834,842 |
| Accounts receivable, net | $7,949,889 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,701,016 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,289,967 |
| Net Land, buildings, and equipment | $21,619,944 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,639,347 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,337,453 |
| Total assets | $81,405,119 |
| Accounts payable and accrued expenses | $9,143,820 |
| Grants payable | $0 |
| Deferred revenue | -$3,294 |
| Tax-exempt bond liabilities | $6,413,534 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,702,287 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,341,516 |
| Total liabilities | $32,597,863 |
| Net assets without donor restrictions | $0 |
| 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 | $48,807,256 |
| Total liabilities and net assets/fund balances | $81,405,119 |