Home Health Management Services Inc
- Assets
- $8.3m
- Revenue
- $29.8m
- Investments
- $0.0
- Employees
- 808
- Location
- Bronx, NY
- Founding
- 03/1982
- Data as of
- 06/2022
- 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 06/2022, Home Health Management Services Inc employed 808 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 06/2022, Home Health Management Services Inc generated $29.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $29.6m during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 5 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 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 |
|---|---|---|---|
Gabriele Sofos Asst Director | Officer | 20 | $7,958 |
Samuel Kornitzer Acting Executive Dir | Officer | 20 | $82,914 |
Maria King Dir Patient Svc | Officer | 35 | $124,811 |
Amy White Director Of Operations | Officer | 35 | $75,745 |
Vanessa Sanchez Director Of Operations | 35 | $86,566 | |
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 | $6,033,336 |
| 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 | $6,033,336 |
| Total Program Service Revenue | $23,763,007 |
| Investment income | $0 |
| 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 | $29,796,343 |
| 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. | $339,842 |
| Compensation of current officers, directors, key employees. | $339,842 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,815,559 |
| Pension plan accruals and contributions | $273,943 |
| Other employee benefits | $1,971,294 |
| Payroll taxes | $1,282,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $401,264 |
| Fees for services: Accounting | $15,000 |
| 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 | $33,879 |
| Information technology | $179,726 |
| 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 | $14,413 |
| Insurance | $179,695 |
| All other expenses | $198,608 |
| Total functional expenses | $29,618,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,405,845 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,611,584 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,224 |
| Net Land, buildings, and equipment | $79,270 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,875,000 |
| Total assets | $8,260,923 |
| Accounts payable and accrued expenses | $2,044,805 |
| 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 | $1,650,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,694,805 |
| Net assets without donor restrictions | $3,191,448 |
| Net assets with donor restrictions | $1,374,670 |
| 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 | $8,260,923 |