Pesach Tikvah-Hope Development Inc
- Assets
- $9.3m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 441
- Location
- Brooklyn, NY
- Founding
- 06/1987
- Data as of
- 06/2022
- EIN
- 11-2642641
Organization Overview
Pesach Tikvah-Hope Development Inc is located in Brooklyn, NY. The organization was established in 1987. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Pesach Tikvah-Hope Development Inc employed 441 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pesach Tikvah-Hope Development 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, Pesach Tikvah-Hope Development Inc generated $18.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $17.8m during the year ending 06/2022. While expenses have increased by 10.8% 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
TO PROVIDE SERVICES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES AND PERSONS WITH MENTAL ILLNESS. THE ORGANIZATION ALSO PROVIDES SERVICES TO HOLOCAUST SURVIVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICS - PESACH TIKVAH, WITH THE ENCOURAGEMENT AND SUPPORT OF THE NYS OFFICE OF MENTAL HEALTH, HAS ESTABLISHED SATELLITE CLINICS IN LOCAL PRIVATE SCHOOLS. THESE SATELLITES HAVE ENABLED STUDENTS TO RECEIVE THE HIGH-QUALITY SERVICES AVAILABLE AT OUR FLAGSHIP CLINIC IN WILLIAMSBURG, WITHOUT HAVING TO LEAVE THE SCHOOL BUILDING. THIS IS PARTICULARLY BENEFICIAL TO THE STUDENTS WHOSE LONG DAY OF STUDIES OFTEN LEAVE THEM WITH LITTLE TIME TO ATTEND THERAPY SESSIONS. ADDITIONALLY, IT PRECLUDES THE NECESSITY OF PARENTS HAVING TO BRING THEIR CHILDREN TO WEEKLY APPOINTMENTS. THE PESACH TIKVAH FAMILY SERVICES CENTER, AN OUTPATIENT CLINIC, OFFERS A FULL RANGE OF MENTAL HEALTH SERVICES, INCLUDING ASSESSMENT, DIAGNOSIS, PSYCHOTHERAPY, PSYCHIATRIC SERVICES AND MEDICATION THERAPY. THE CLINIC SERVICES A BROAD RANGE OF INDIVIDUALS. OUR LICENSED THERAPISTS ARE TRAINED TO HELP PEOPLE DEAL WITH MARITAL STRIFE, AS WELL AS HELPING CHILDREN WITH BEHAVIORAL ISSUES. OUR STAFF ARE ALSO WELL TRAINED TO TREAT MORE ACUTE PROBLEMS SUCH AS DEPRESSION, ANXIETY, OCD, PHOBIAS AND EATING DISORDERS. MANY OF OUR THERAPISTS ARE MULTI-LINGUAL, AND ALL KEEP UP TO DATE WITH NEW RESEARCH, DIFFERENT MODALITIES OF TREATMENT, AND IMPROVED METHODS. BY PROVIDING SUPERIOR SERVICES AND COUNSELING, PESACH TIKVAH HELPS PEOPLE FUNCTION BETTER IN SOCIAL, PROFESSIONAL, AND ACADEMIC SETTINGS.
INTERMEDIATE CARE FACILITIES PROVIDE SERVICES FOR 14 ADULT CONSUMERS WITH MILD TO PROFOUND DEVELOPMENTAL DISABILITIES IN A WARM AND PERSONALIZED RESIDENTIAL SETTING.
COMMUNITY HABILITATION PROVIDES SUPPORTS THAT ARE INTENDED TO INCREASE THE PERSON'S INDEPENDENT LIVING SKILLS WITHIN THE FAMILY HOME, AS WELL AS INCREASE THEIR CAPACITY TO FUNCTION AS A MEMBER OF THEIR COMMUNITY. THE COMMUNITY HABILITATION SERVICES HELP RETAIN AND IMPROVE SELF-HELP SKILLS RELATED TO ACTIVITIES OF DAILY LIVING IN AN INCLUSIVE ENVIRONMENT OF SAFETY AND INDEPENDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wolf Friedman President | OfficerTrustee | 1 | $0 |
David Niederman Chairman | OfficerTrustee | 1 | $0 |
Marvin Ryba Treasurer | OfficerTrustee | 1 | $0 |
Dr Irwin Shindler CEO (through September 2022) | Officer | 36 | $367,495 |
Chananya Raitzik COO | Officer | 36 | $211,587 |
Steven Rosenberg CFO | Officer | 36 | $152,756 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
926 Bedford Avenue Llc Rent | 6/29/22 | $380,285 |
5309 18th Avenue Besyata Llc Rent | 6/29/22 | $193,035 |
Tu 620 Foster Llc Rent | 6/29/22 | $152,750 |
Hindy Langer Inc Consulting | 6/29/22 | $135,200 |
Camp Baiseinu Recreation | 6/29/22 | $134,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,866,267 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,286,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,152,946 |
| Total Program Service Revenue | $12,709,553 |
| Investment income | $16,746 |
| 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 | $17,950,569 |
| 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. | $774,678 |
| Compensation of current officers, directors, key employees. | $774,678 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,132,324 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $189,919 |
| Payroll taxes | $1,000,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104,631 |
| Fees for services: Accounting | $70,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $456,148 |
| Advertising and promotion | $181,407 |
| Office expenses | $439,893 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,027,020 |
| Travel | $144,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,761 |
| Interest | $42,266 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $286,826 |
| Insurance | $123,081 |
| All other expenses | $22,437 |
| Total functional expenses | $17,794,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,004,121 |
| Savings and temporary cash investments | $3,015,322 |
| Pledges and grants receivable | $1,076,252 |
| Accounts receivable, net | $1,956,255 |
| 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 | $22,070 |
| Net Land, buildings, and equipment | $1,958,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $226,602 |
| Total assets | $9,259,359 |
| Accounts payable and accrued expenses | $1,305,121 |
| Grants payable | $0 |
| Deferred revenue | $2,578,663 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $52,774 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $683,203 |
| Unsecured mortgages and notes payable | $165,659 |
| Other liabilities | $172,522 |
| Total liabilities | $4,957,942 |
| Net assets without donor restrictions | $4,301,417 |
| 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 | $9,259,359 |