Greatcare Inc
- Assets
- $4.3m
- Revenue
- $43.1m
- Investments
- $0.0
- Employees
- 2,169
- Location
- New York, NY
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 20-2310333
Organization Overview
Greatcare Inc is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2023, Greatcare Inc employed 2,169 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greatcare Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOME HEALTH CARE TO INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME HEALTH CARE TO INDIVIDUALS (UBI)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jian Peng President | OfficerTrustee | 40 | $894,000 |
Barbara Wang Vice President | OfficerTrustee | 40 | $871,500 |
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 | $40,897,754 |
| Investment income | $8 |
| 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 | $43,084,551 |
| 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. | $1,499,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,014,133 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,165,380 |
| Payroll taxes | $2,694,474 |
| Fees for services: Management | $1,225,000 |
| Fees for services: Legal | $1,230 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $807,303 |
| Advertising and promotion | $348,636 |
| Office expenses | $66,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $772,306 |
| Travel | $14,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,224 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219,426 |
| Insurance | $312,024 |
| All other expenses | $65,082 |
| Total functional expenses | $40,905,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,821,009 |
| Savings and temporary cash investments | $39,368 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,500 |
| 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 | $2,341,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,200 |
| Total assets | $4,284,136 |
| Accounts payable and accrued expenses | $1,888,386 |
| 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 | $1,888,386 |
| Net assets without donor restrictions | $2,395,750 |
| 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 | $4,284,136 |