Boom Health
- Assets
- $10.9m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 139
- Location
- Bronx, NY
- Founding
- 10/1994
- Data as of
- 06/2023
- EIN
- 13-3599121
Organization Overview
Boom Health is located in Bronx, NY. The organization was established in 1994. According to its NTEE Classification (G81) the organization is classified as: AIDS, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2023, Boom Health employed 139 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boom Health 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 06/2023, Boom Health generated $7.5m 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 (6.4%) each year. All expenses for the organization totaled $8.7m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BOOM!HEALTH IS A HARM REDUCTION ORGANIZATION DEDICATED TO EMPOWERING NEW YORKERS LIVING WITH AND AT HIGHEST RISK FOR ILLNESS, SUBSTANCE ABUSE, HOMELESSNESS, AND POVERTY TO REALIZE THEIR FULL POTENTIAL BY INTEGRATING HEALTH, LEGAL AND SOCIAL SERVICES TO CREATE A SEAMLESS CONTINUUM OF PREVENTION AND CARE. IT IS OUR MISSION TO TRANSFORM LIVES THROUGH HEALTH AND WELLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREVENTION SERVICES PROVIDE OUTREACH, EDUCATION AND PREVENTION SERVICES TO INDIVIDUALS CONSIDERED TO BE AT RISK OF GETTING INFECTED OR TRANSMITTING THE HIV VIRUS. ANNUALLY, THE PREVENTION DEPT SERVES OVER 3,000 PEOPLE IN OUR COMBINED PROGRAMMING EFFORTS. WE PROMOTE AND CONDUCT HIV TESTING, ENSURE LINKAGE TO CARE AND PROVIDE COMPREHENSIVE HIV EDUCATION. CURRENTLY, WE HAVE PROGRAMS THAT FOCUS ON ADOLESCENT GIRLS, YOUNG GAY MEN, ADULT GAY MEN, AFRICAN AMERICAN, LATINO WOMEN AND SUBSTANCE USERS. WE USE EVIDENCE BASED RISK REDUCTION MODELS ADAPTED TO THE SPECIFIC NEEDS OF THE POPULATION TARGETED.
LEGAL SERVICES PROVIDE LEGAL REPRESENTATION, ADVICE AND ADVOCACY WITHOUT CHARGE TO PEOPLE LIVING WITH HIV/AIDS. WE PROVIDE LEGAL ASSISTANCE TO OUR CLIENTS IN A BROAD RANGE OF CIVIL MATTERS, INCLUDING HOMELESSNESS PREVENTION, DENIAL OR TERMINATION OF PUBLIC BENEFITS, DOMESTIC VIOLENCE, FUTURE CARE AND PLANNING AND CUSTODY AND CARE FOR CHILDREN EACH YEAR. WE HELP HUNDREDS OF CLIENTS AVOID EVICTION, KEEP THEMSELVES SAFE AND FAMILIES INTACT, AND MAINTAIN THE INCOME NECESSARY FOR THEM TO MEET THEIR BASIC NEEDS. OVER 100 INDIVIDUALS SERVED.
CARE COORDINATION SERVICES PROVIDE ASSESSMENT, SERVICE PLANNING AND REFERRALS AND WORK TO CREATE AN INDIVIDUALIZED SERVICE PLAN TO MEET THE UNIQUE NEEDS, CHALLENGES AND CIRCUMSTANCES OF PEOPLE LIVING WITH HIV/AIDS AND OTHER CHRONIC DISEASES. OUR CARE COORDINATION STAFF PROVIDES ASSISTANCE TO ITS CLIENTS TO OBTAIN PRIMARY AND PREVENTIVE HEALTH CARE SERVICES, HOUSING, MEDICATION AND MEDICATION ADHERENCE, HOME HEALTH AIDE AND OTHER SUPPORTIVE SERVICES. WE ALSO ARRANGE REFERRALS TO OTHER PROGRAMS AND SERVICES TO ASSIST IN OBTAINING JOB TRAINING, FINANCIAL MANAGEMENT, LEGAL SERVICES, AND NUTRITION COUNSELING AND FOOD PANTRY SERVICES. OVER 500 INDIVIDUALS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Friedman Chair | OfficerTrustee | 1 | $0 |
Marion Katzive Vice Chair | OfficerTrustee | 1 | $0 |
Leslie Ross Vice Chair | OfficerTrustee | 1 | $0 |
Diane Pollard Director | Trustee | 1 | $0 |
Peter Samuels Director | Trustee | 1 | $0 |
Ayanna Thomas Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,042,644 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,102,014 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,144,658 |
| Total Program Service Revenue | $1,265,138 |
| Investment income | $50 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,599 |
| 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 | $7,452,445 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,250,920 |
| Pension plan accruals and contributions | $42,946 |
| Other employee benefits | $315,984 |
| Payroll taxes | $458,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,476 |
| Fees for services: Accounting | $58,506 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $334,981 |
| Advertising and promotion | $0 |
| Office expenses | $169,724 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,022,558 |
| Travel | $30,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $559,960 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $528,255 |
| Insurance | $66,815 |
| All other expenses | $0 |
| Total functional expenses | $8,697,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,145,840 |
| Accounts receivable, net | $73,468 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,685,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $327,946 |
| Net Land, buildings, and equipment | $1,550,462 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,260 |
| Total assets | $10,850,976 |
| Accounts payable and accrued expenses | $1,302,104 |
| Grants payable | $0 |
| Deferred revenue | $287,116 |
| 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 | $5,350,213 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,968,590 |
| Total liabilities | $14,908,023 |
| Net assets without donor restrictions | -$4,057,047 |
| 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 | $10,850,976 |