Nysha Inc
- Assets
- $58.0m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 69
- Location
- Monroe, NY
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 26-4085718
Organization Overview
Nysha Inc, operating under the name Hamaspik Theragen, is located in Monroe, NY. The organization was established in 2010. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Hamaspik Theragen employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hamaspik Theragen 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 12/2021, Hamaspik Theragen generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 6.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AN ARTICLE 16 CLINIC LICENSED BY THE NEW YORK STATE OFFICE OF PEOPLE WITH DEVELOPMENTAL DISABILITIES, AND TO ASSIST PEOPLE WITH DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES IN GAINING ACCESS TO SERVICES AND SUPPORTS APPROPRIATE TO THEIR NEEDS.
Describe the Organization's Program Activity:
WE OPERATED AN ARTICLE 16 CLINIC LICENSED BY THE NEW YORK STATE OFFICE OF PEOPLE WITH DEVELOPMENTAL DISABILITIES, WITH OFFICES IN BROOKLYN, MONROE AND MONSEY NY.
WE FURNISHED AND OPERATED AN OVERNIGHT CAMP ON OUR BEAUTIFUL RESORT PREMISES. THE CAMP OPERATES DURING THE SUMMER MONTHS AND IS GEARED SPECIFICALLY FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
WE ISSUED A MONTHLY GAZETTE FEATURING HEALTH AND MEDICAL RELATED NEWS, ARTICLES AND STUDIES, DISTRIBUTED FREE IN THE NY METROPOLITAN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meyer Wertheimer Executive Di | Officer | 40 | $229,849 |
Eliezer Appel Resort Direc | 40 | $155,833 | |
Joel Brecher Director | 40 | $147,881 | |
Aron B Wieder Director Of | 40 | $146,671 | |
Brenda Katina Events Coord | 38 | $140,041 | |
Rechama Reisman Psychologist | 36 | $134,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glatt Geshmak Weekend Retreat | 6/29/17 | $137,250 |
Mailway Services Printing | 6/29/17 | $108,428 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $432,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $447,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $879,647 |
| Total Program Service Revenue | $968,662 |
| Investment income | $131,055 |
| 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 | $5,671,874 |
| 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. | $128,992 |
| Compensation of current officers, directors, key employees. | $128,992 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $466,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,468 |
| Payroll taxes | $41,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,341 |
| Fees for services: Accounting | $12,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,383 |
| Advertising and promotion | $6,479 |
| Office expenses | $35,426 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $230,990 |
| Travel | $12,407 |
| 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 | $157,278 |
| Insurance | $16,896 |
| All other expenses | $136,991 |
| Total functional expenses | $2,272,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,779,180 |
| Savings and temporary cash investments | $9,270,659 |
| Pledges and grants receivable | $1,551,081 |
| Accounts receivable, net | $421,889 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,103,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,428,386 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $24,446,875 |
| Intangible assets | $0 |
| Other assets | $2,100 |
| Total assets | $58,003,170 |
| Accounts payable and accrued expenses | $166,700 |
| 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 | $8,090,660 |
| Total liabilities | $8,257,360 |
| Net assets without donor restrictions | $49,745,810 |
| 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 | $58,003,170 |
Grants Awarded
Over the last fiscal year, Nysha Inc has awarded $372,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Monroe, NY | | $100,000 |
Monroe, NY | | $100,000 |
Brooklyn, NY | | $50,000 |
Brooklyn, NY | | $50,000 |
Monroe, NY | | $36,000 |
Monroe, NY | | $36,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nysha Inc has recieved totaling $2,500,000.
| Awarding Organization | Amount |
|---|---|
Hamaskpik Of Rockland County Inc Monsey, NY PURPOSE: PROGRAM SERVICES | $2,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Veterans Inc Worcester, MA | $18,236,837 | $18,440,204 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |