H-Cap Inc
- Assets
- $1.5m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 13
- Location
- New York, NY
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 13-4240990
Organization Overview
H-Cap Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, H-Cap Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H-Cap Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, H-Cap Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 23.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE ORGANIZATION'S MISSION ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABOR-MANAGEMENT PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Bustillo Executive Dir. | Officer | 35 | $151,500 |
Rebecca Von Loewenfeldt Associate Director | 35 | $126,562 | |
Rita Mercieca Employer Chair | OfficerTrustee | 1 | $0 |
Diane Sosne Labor Chair | OfficerTrustee | 1 | $0 |
Monica Morris Secretary | OfficerTrustee | 1 | $0 |
Maria Castaneda Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
District 1199c Training & Upgrading Fund Direct Serv/support | 12/30/17 | $108,715 |
Anne Marie Wetmore Subj Matter Expert | 12/30/17 | $259,243 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $290,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,077,528 |
| All other contributions, gifts, grants, and similar amounts not included above | $742,131 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,109,659 |
| Total Program Service Revenue | $294,503 |
| 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 | $3,404,162 |
| 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. | $326,812 |
| Compensation of current officers, directors, key employees. | $6,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $686,841 |
| Pension plan accruals and contributions | $118,798 |
| Other employee benefits | $224,113 |
| Payroll taxes | $80,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $810 |
| Fees for services: Accounting | $8,257 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,377,977 |
| Advertising and promotion | $0 |
| Office expenses | $31,981 |
| Information technology | $14,817 |
| Royalties | $0 |
| Occupancy | $2,002 |
| Travel | $2,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $385 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,078 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,877,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,763 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $609,943 |
| Accounts receivable, net | $262,378 |
| 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 | $57,215 |
| Net Land, buildings, and equipment | $3,817 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,548,116 |
| Accounts payable and accrued expenses | $138,363 |
| 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 | $138,363 |
| Net assets without donor restrictions | $855,822 |
| Net assets with donor restrictions | $553,931 |
| 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 | $1,548,116 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that H-Cap Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
1199seiu United Healthcare Workers East New York, NY PURPOSE: SOLIDARITY CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Social Care Head Start Brooklyn, NY | $6,318,610 | $20,235,501 |
Race Forward New York, NY | $41,775,681 | $35,206,795 |
Doris Duke Management Foundation New York, NY | $16,535,132 | $14,155,611 |
Friends Retirement Concepts Inc East Brunswick, NJ | $1,909,950 | $77,429,648 |
Loomis Senior Living Inc Springfield, MA | $28,913,416 | $11,456,759 |
St Barnabas Health System Inc Gibsonia, PA | $11,393,428 | $11,432,241 |
Jasa Corporation New York, NY | $81,684,696 | $37,717,694 |
Managed Health Resources Inc Somerville, MA | $3,938,917 | $10,079,712 |
Corporation For Public Management Springfield, MA | $4,685,257 | $9,157,820 |
Repair The World Inc New York, NY | $12,187,078 | $15,959,640 |
Greenlight Fund Inc Boston, MA | $42,352,502 | $25,826,646 |
Arts Business Collaborative Inc Long Island City, NY | $8,659,572 | $7,475,051 |