Chayim Vchesed Inc
- Assets
- $4.6m
- Revenue
- $20.6m
- Investments
- $616.4k
- Employees
- 4
- Location
- Brooklyn, NY
- Founding
- 07/2005
- Data as of
- 01/2022
- EIN
- 20-0703181
Organization Overview
Chayim Vchesed Inc is located in Brooklyn, NY. The organization was established in 2005. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 01/2022, Chayim Vchesed Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chayim Vchesed 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 01/2022, Chayim Vchesed Inc generated $20.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $19.2m during the year ending 01/2022. While expenses have increased by 10.3% 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.
Since 2015, Chayim Vchesed Inc has awarded 571 individual grants totaling $17,039,704. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FUNCTION OF THE ORGANIZATION IS TO COLLECT MONEY FOR THE INDIGENT. SUCH COLLECTIONS ARE FROM THOSE WHOSE HEART POURS OUT IN SYMPATHY TO THOSE LESS FORTUNATE WHO CANNOT GET BY ON A DAILY BASIS WITH BASIC LIVING NECESSITIES. THE OFFICERS OF THE ORGANIZATION, THE DIRECTORS, AND THEIR FAMILIES ARE NOT IN ANY WAY ELIGIBLE FOR ANY ASSISTANCE. .
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE FUNDS TO DISTRIBUTE TO REPUTABLE ORGANIZATIONS AND INDIVIDUALS IN THE US AND ABROAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shimon Fischer Director | OfficerTrustee | $0 | |
Joseph Weissmandl Director | OfficerTrustee | $0 | |
Yechiel Mendlowitz Director | OfficerTrustee | $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 | $20,574,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,574,504 |
| Total Program Service Revenue | $0 |
| Investment income | $4,246 |
| 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 | $20,578,750 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,408,033 |
| Grants and other assistance to domestic individuals. | $196,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,403,987 |
| 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 | $48,153 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $0 |
| Office expenses | $78,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,055 |
| Travel | $0 |
| 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 | $2,119 |
| Insurance | $1,821 |
| All other expenses | $0 |
| Total functional expenses | $19,186,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,948,693 |
| Savings and temporary cash investments | $0 |
| 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 | $59,572 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $616,444 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,624,709 |
| Accounts payable and accrued expenses | $1,140 |
| 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 | $149,900 |
| Total liabilities | $151,040 |
| Net assets without donor restrictions | $4,473,669 |
| 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 | $4,624,709 |
Grants Awarded
Over the last fiscal year, Chayim Vchesed Inc has awarded $3,180,068 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
Monsey, NY PURPOSE: GENERAL SUPPORT | $286,000 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $230,433 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $228,906 |
FRIENDS OF CHOCHMAS LEV INC PURPOSE: GENERAL SUPPORT | $182,232 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $137,132 |
CONG AHAVAS CHAVEIRIM PURPOSE: GENERAL SUPPORT | $112,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chayim Vchesed Inc has recieved totaling $24,000.
| Awarding Organization | Amount |
|---|---|
Cornerstone Foundation Monroe, NY PURPOSE: RELIGIOUS & CHARITABLE | $24,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Word Of Life Fellowship Inc Schroon Lake, NY | $120,358,230 | $77,023,933 |
Vision Benefits Of America Inc Suite 400 Carnegie, PA | $64,908,622 | $38,442,292 |
Diakon Child Family & Community Ministries Topton, PA | $23,881,449 | $28,006,448 |
Mercy Life Inc West Springfield, MA | $6,533,362 | $24,380,335 |
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Church Of God Home Inc Carlisle, PA | $19,131,303 | $10,297,438 |
The Pottstown Cluster Of Religious Communities Pottstown, PA | $2,620,724 | $10,453,372 |
Evangelical Lutheran Church In America Bala Cynwyd, PA | $32,181,411 | $7,233,386 |
Liberty Ministries Schwenksville, PA | $7,484,398 | $10,564,649 |
Infaith Exton, PA | $8,050,176 | $8,512,203 |
Faith And Liberty Discovery Center Llc Philadelphia, PA | $52,138,123 | $36,453,224 |
The Lehigh Conference Of Churches Allentown, PA | $5,159,637 | $6,852,485 |