Fhmc Inc
- Assets
- $45.9m
- Revenue
- $1.9m
- Investments
- $53.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1996
- Data as of
- 06/2022
- EIN
- 13-3809029
Organization Overview
Fhmc Inc is located in New York, NY. The organization was established in 1996. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fhmc 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, Fhmc Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $336.3k during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 7 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
FHMC, INC., IS ORGANIZED TO PROVIDE FINANCIAL; TECHNICAL; REAL ESTATE HOLDING, LEASING, OPERATION AND DEVELOPMENT; MANAGEMENT; ADMINISTRATIVE; AND SIMILAR SUPPORT AND ASSISTANCE IN RESPECT TO THE ACTIVITIES AND INITIATIVES DIRECTED BY ITS SOLE MEMBER, POSTGRADUATE CENTER FOR MENTAL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FHMC, INC., IS ORGANIZED AND OPERATES TO PROVIDE FINANCIAL; TECHNICAL; REAL ESTATE HOLDING, LEASING, OPERATION AND DEVELOPMENT; MANAGEMENT; ADMINISTRATIVE; AND SIMILAR SUPPORT AND ASSISTANCE IN RESPECT OF ACTIVITIES AND INITIATIVES DIRECTED BY ITS SOLE MEMBER, POSTGRADUATE CENTER FOR MENTAL HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Barak PHD President CEO Of Pcmh, Fhmc, & Chc | OfficerTrustee | 9 | $0 |
Luis Marte Vice President | OfficerTrustee | 3 | $0 |
Edawne Mcintosh Secretary & Treasurer | OfficerTrustee | 1 | $0 |
Alan Harry Pollak Chairman | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $962,657 |
| Investment income | $550,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $356,847 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,870,332 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,808 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $188 |
| Advertising and promotion | $0 |
| Office expenses | $49,897 |
| Information technology | $1,653 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $290 |
| 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 | $1 |
| Insurance | $2,754 |
| All other expenses | $0 |
| Total functional expenses | $336,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,526,573 |
| 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 | $0 |
| Net Land, buildings, and equipment | $872,774 |
| Investments—publicly traded securities | $25,335,583 |
| Investments—other securities | $53 |
| Investments—program-related | $1,765,753 |
| Intangible assets | $0 |
| Other assets | $16,398,925 |
| Total assets | $45,899,661 |
| Accounts payable and accrued expenses | $120,397 |
| Grants payable | $0 |
| Deferred revenue | $1,141,955 |
| 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 | $1,262,352 |
| Net assets without donor restrictions | $44,637,309 |
| 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 | $45,899,661 |