Home Health Management Services Inc
- Assets
- $13.0m
- Revenue
- $29.0m
- Investments
- $0.0
- Employees
- 1,195
- Location
- Bronx, NY
- Founding
- 03/1982
- Data as of
- 06/2021
- EIN
- 13-3020559
Organization Overview
Home Health Management Services Inc is located in Bronx, NY. The organization was established in 1982. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 06/2021, Home Health Management Services Inc employed 1,195 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Health Management Services 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 06/2021, Home Health Management Services Inc generated $29.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $28.6m during the year ending 06/2021. While expenses have increased by 2.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AGENCY PROVIDES HOME CARE SERVICES TO MEDICAID ELIGIBLE NEW YORK CITY RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME HEALTH MANAGEMENT SERVICES, INC. PROVDES HOME CARE SERVICES TO MEDICAID ELIGIBLE RESIDENTS OF NEW YORK CITY. SERVICES ARE PROVIDED PURSUANT TO A CONTRACT WITH THE CITY OF NEW YORK HUMAN RESOURCES ADMINISTRATION, AS WELL AS UNDER VARIOUS CONTRACTS WITH MEDICAID FUNDED MANAGED CARE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria King Dir Patient Svc | Officer | 35 | $136,267 |
Vanessa Sanchez Director Of Operations | 35 | $100,574 | |
Samuel Kornitzer Acting Executive Dir | Officer | 35 | $78,903 |
Gabriele Sofos Asst Director | Officer | 20 | $34,000 |
Amy White Director Of Operations | Officer | 35 | $7,212 |
Moshe Silberstein Chairman | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $653,005 |
| 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 | $653,005 |
| Total Program Service Revenue | $28,383,732 |
| Investment income | $7 |
| 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 | $29,036,744 |
| 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. | $385,613 |
| Compensation of current officers, directors, key employees. | $385,613 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,073,234 |
| Pension plan accruals and contributions | $351,267 |
| Other employee benefits | $2,543,791 |
| Payroll taxes | $1,636,422 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $33,358 |
| Information technology | $293,986 |
| Royalties | $0 |
| Occupancy | $312,055 |
| 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 | $7,206 |
| Insurance | $167,604 |
| All other expenses | $95,437 |
| Total functional expenses | $28,611,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,239,597 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,238,425 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,353,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $48,711 |
| Net Land, buildings, and equipment | $93,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,973,416 |
| Accounts payable and accrued expenses | $2,667,200 |
| 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 | $5,918,305 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,585,505 |
| Net assets without donor restrictions | $4,387,911 |
| 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 | $12,973,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellspan Surgery And Rehabilitation Hospital York, PA | $85,216,385 | $93,901,214 |
Hamaspik Choice Inc Monsey, NY | $66,826,438 | $111,265,945 |
Genesee Region Home Care Association Inc Rochester, NY | $62,523,238 | $88,633,237 |
Visiting Nursing Association Of Western New York Inc Cheektowaga, NY | $57,829,171 | $111,105,902 |
Nursing Sisters Home Care Inc Farmingdale, NY | $82,721,495 | $86,717,260 |
Walnut Home Therapeutics Inc Philadelphia, PA | $66,661,852 | $70,874,075 |
Mercy Home Health Newtown Square, PA | $31,188,534 | $98,244,790 |
Visiting Nurse Association Health Group Inc Holmdel, NJ | $45,946,793 | $52,174,723 |
Valley Home Care Inc Paramus, NJ | $68,097,114 | $64,068,063 |
Sunnyside Home Care Project Inc Long Island City, NY | $13,373,084 | $45,663,585 |
Masonicare Home Health And Hospice Inc Wallingford, CT | $8,766,172 | $39,986,641 |
Concordia Visiting Nurses Cabot, PA | $20,143,291 | $45,332,880 |