Concerned Home Managers For The Elderly Inc
- Assets
- $1.8m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 181
- Location
- New York, NY
- Founding
- 09/1986
- Data as of
- 12/2023
- EIN
- 13-3275504
Organization Overview
Concerned Home Managers For The Elderly Inc is located in New York, NY. The organization was established in 1986. According to its NTEE Classification (P44) the organization is classified as: In-Home Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Concerned Home Managers For The Elderly Inc employed 181 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concerned Home Managers For The Elderly 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 12/2023, Concerned Home Managers For The Elderly Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $4.7m during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOME CARE SERVICES AS WELL AS EMPLOYMENT AND PROFESSIONAL OPPORTUNITIES FOR HEALTH AIDES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. COHME, INC. PROVIDED HOME CARE SERVICES TO 101 CLIENTS THROUGHOUT FOUR OF THE FIVE BOROUGHS.2. THE PROGRAM PROVIDED EMPLOYMENT TO MORE THAN 154 STAFF, MOST OF WHOM ARE LOW INCOME AND ALSO PROVIDED A SOCIAL WORK/CAREER SPECIALIST TO HELP WITH HOUSING NEEDS, LEGAL ISSUES AND ENTITLEMENT ASSISTANCE. 3. 6 SMALL LOANS AND ASSISTANCE TO ACCESS FUNDS FOR HOUSING ASSISTANCE WERE ALSO PROVIDED AS NEEDED. 4. 2 AIDES RECEIVED SCHOLARSHIP FUNDS IN ORDER TO COMPLETE FURTHER EDUCATIONAL DEGREES OR CERTIFICATION FOR CAREER ADVANCEMENT.5. INDIVIDUAL COUNSELING AS WELL AS MONTHLY SUPPORT GROUPS WERE PROVIDED BY THE SOCIAL WORK/CAREER SPECIALIST IN ADDITION TO PROVIDING REFERRALS TO OTHER BENEFITS AND SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Kellen Chair | OfficerTrustee | 1 | $0 |
Nancy Aikens Treasurer/secretary | OfficerTrustee | 1 | $0 |
Leonard Bayer Director | Trustee | 1 | $0 |
Sharon Goodstine Director | Trustee | 1 | $0 |
Rachel Chalmer Director | Trustee | 1 | $0 |
Laura Colin Klein Director | 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 | $428,477 |
| Noncash contributions included in lines 1a–1f | $11,571 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $428,477 |
| Total Program Service Revenue | $4,463,605 |
| Investment income | $565 |
| 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 | $4,987,365 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,874 |
| Compensation of current officers, directors, key employees. | $90,937 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,514,499 |
| Pension plan accruals and contributions | $304 |
| Other employee benefits | $191,459 |
| Payroll taxes | $286,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $152,361 |
| Advertising and promotion | $17,424 |
| Office expenses | $80,918 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,528 |
| Travel | $21,407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,449 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,588 |
| Insurance | $72,482 |
| All other expenses | $0 |
| Total functional expenses | $4,714,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $506,038 |
| Savings and temporary cash investments | $425,333 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $163,587 |
| 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 | $161,451 |
| Net Land, buildings, and equipment | $40,510 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $506,219 |
| Total assets | $1,803,138 |
| Accounts payable and accrued expenses | $137,083 |
| 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 | $695,058 |
| Total liabilities | $832,141 |
| Net assets without donor restrictions | $970,997 |
| 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 | $1,803,138 |