Helping Hands Food Ko Op Inc
- Assets
- $1.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Miami Beach, FL
- Founding
- 06/2010
- Data as of
- 12/2022
- EIN
- 27-0556674
Organization Overview
Helping Hands Food Ko Op Inc is located in Miami Beach, FL. The organization was established in 2010. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Helping Hands Food Ko Op Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Helping Hands Food Ko Op 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 12/2022, Helping Hands Food Ko Op Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 11.7% per year over the past 5 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
TO PROVIDE AND FACILITATE NEEDS RELATING TO FOOD AND OTHER HOUSEHOLD ESSENTIALS IN A DIGNIFIED MANNER TO NEEDY FAMILIES FOLLOWING KOSHER DIETARY RESTRICTIONS. ITEMS ARE DISTRIBUTED FREE OF CHARGE OR GREATLY DISCOUNTED. INTEREST FREE LOANS ARE ALSO PROVIDED. ALL ACTIVITIES ARE FOR EXEMPT PURPOSES OF CHARITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELPING HANDS DISTRIBUTED FOOD FREE OF CHARGE OR AT COST TO OVER 550 NEEDY FAMILIES. WE SERVE UP TO 80 FAMILIES EACH WEEK. DURING THE HOLIDAYS WE SERVE OVER 500 FAMILIES. WE PROVIDE FOOD FOR LESS THAN 50 ON AVERAGE OF THE RETAIL COSTS TO OUR CLIENTS. WE ESTIMATE THAT THE TOTAL SAVINGS TO OUR MEMBER FAMILIES IS GREATER THAN $1,000,000 EACH YEAR.
HELPING HANDS PROVIDES UNCOLATERALIZED INTEREST FREE LOANS TO MIAMI-DADE COUNTY RESIDENTS WITH 2 APPROVED CO-SIGNERS. LOANS ARE APPROVED BETWEEN $3,000 AND $50,000 AT THE DISCRETION OF THE LOAN COMMITTEE. APPROVAL IS DEPENDENT ON THE FINANCIAL STABILITY OF THE BORROWERS AND THE CO-SIGNERS. LOANS CAN LAST UP TO 24 MONTHS.
HELPING HANDS RECLAIMS FOOD FROM PASSOVER HOTEL PROGRAMS AND OTHER CATERED EVENTS. WE RECEIVED AND DISTRIBUTED OVER $40,000 OF FOOD WHICH WAS DISTRIBUTED TO THE NEEDY AND OTHER NOT FOR PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aharon Greenberg President | Officer | 30 | $25,700 |
Yehuda Zweig Director | Officer | 2 | $0 |
Howard Ash Treasurer | Officer | 2 | $0 |
Joseph Friedman Director | Officer | 2 | $0 |
David Herman Director | Officer | 1 | $0 |
Matthew Turetsky Director | Officer | 2 | $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 | $1,008,765 |
| Noncash contributions included in lines 1a–1f | $40,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,008,765 |
| Total Program Service Revenue | $859,282 |
| 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 | $1,868,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $101,459 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,700 |
| Compensation of current officers, directors, key employees. | $7,710 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,703 |
| Fees for services: Management | $5,453 |
| Fees for services: Legal | $61 |
| Fees for services: Accounting | $6,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,450 |
| Office expenses | $32,242 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,011 |
| 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 | $15,104 |
| Insurance | $4,355 |
| All other expenses | $4,665 |
| Total functional expenses | $1,809,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,452 |
| Savings and temporary cash investments | $14,725 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,813 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $267,102 |
| Inventories for sale or use | $48,631 |
| Prepaid expenses and deferred charges | $6,388 |
| Net Land, buildings, and equipment | $86,226 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,012,337 |
| Accounts payable and accrued expenses | $68,267 |
| 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 | $207,800 |
| Other liabilities | $0 |
| Total liabilities | $276,067 |
| Net assets without donor restrictions | $570,776 |
| Net assets with donor restrictions | $165,494 |
| 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 | $1,012,337 |