Affinity Health Plan Inc
- Assets
- $104.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Bronx, NY
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 13-3330672
Organization Overview
Affinity Health Plan Inc is located in Bronx, NY. The organization was established in 1987. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affinity Health Plan 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 12/2022, Affinity Health Plan Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (56.1%) each year. All expenses for the organization totaled $6.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (48.4%) per year over the past 8 years. 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
IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY GRANT PROGRAM : DURING 2022, AFFINITY ESTABLISHED A COMMUNITY GRANT PROGRAM (THE PROGRAM) FUNDED BY A PORTION OF THE PROCEEDS FROM THE SALE TO MOLINA HEALTHCARE. UNDER THE PROGRAM, GRANTS ARE DISTRIBUTED TO ELIGIBLE COMMUNITY-BASED ORGANIZATIONS THROUGH AN APPLICATION PROCESS. GRANT FUNDING IS MADE AVAILABLE FOR PROJECTS THAT ARE PROVIDED FOR THE BENEFIT OF RESIDENTS WITHIN THE 10-COUNTY SERVICE AREA PREVIOUSLY SERVED BY AFFINITY HEALTH PLAN AND THAT ARE FOCUSED ON ONE OF FOUR FUNDING PRIORITIES: 1) MENTAL HEALTH; 2) FOOD INSECURITY; 3) FORMERLY INCARCERATED INDIVIDUALS; AND 4) WORKFORCE ADVANCEMENT AND CONSUMER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Knapp Trustee | Trustee | 1 | $11,000 |
John Sardelis Trustee | Trustee | 1 | $25,000 |
Yvette Walker MD Trustee | Trustee | 1 | $25,000 |
Nanette Falkenberg Trustee | Trustee | 1 | $24,000 |
Verona Greenland Trustee | Trustee | 1 | $17,000 |
Paloma Izquierdo-Hernandez Trustee & Chair | OfficerTrustee | 1 | $25,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenberg Traurig Llp Legal Services | 12/30/22 | $297,734 |
Kpmg Llp Accounting Services | 12/30/22 | $272,500 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $864,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$507,240 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,879,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000,000 |
| 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. | $797,414 |
| Compensation of current officers, directors, key employees. | $797,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$142,196 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $410,209 |
| Fees for services: Accounting | -$43,137 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,669 |
| Fees for services: Other | $211,127 |
| Advertising and promotion | $490 |
| Office expenses | $4,719 |
| Information technology | $69,104 |
| Royalties | $0 |
| Occupancy | $858 |
| Travel | $55 |
| 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 | $0 |
| Insurance | $349,055 |
| All other expenses | -$13,625 |
| Total functional expenses | $6,745,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,341,212 |
| Savings and temporary cash investments | $15,010,783 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,723,631 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,402,569 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,766,385 |
| Total assets | $104,244,580 |
| Accounts payable and accrued expenses | $437,739 |
| 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 | $0 |
| Total liabilities | $437,739 |
| Net assets without donor restrictions | $103,806,841 |
| 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 | $104,244,580 |
Grants Awarded
Over the last fiscal year, Affinity Health Plan Inc has awarded $5,000,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BRONXCARE DR MARTIN LUTHER KING JR HEALTH CENTER PURPOSE: COMMUNITY GRANT PROGRAM | $1,000,000 |
BRONX COMMUNITY HEALTH NETWORK INC PURPOSE: COMMUNITY GRANT PROGRAM | $1,000,000 |
COMMUNITY HEALTHCARE NETWORK INC PURPOSE: COMMUNITY GRANT PROGRAM | $1,000,000 |
BROWNSVILLE COMMUNITY DEVELOPMENT CORPORATION PURPOSE: COMMUNITY GRANT PROGRAM | $1,000,000 |
PLANNED PARENTHOOD OF GREATER NEW YORK INC PURPOSE: COMMUNITY GRANT PROGRAM | $1,000,000 |