Homeplus Care
- Assets
- $4.3m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 314
- Location
- Upper Darby, PA
- Founding
- 01/2016
- Data as of
- 12/2023
- EIN
- 47-5223294
Organization Overview
Homeplus Care is located in Upper Darby, PA. The organization was established in 2016. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 12/2023, Homeplus Care employed 314 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homeplus Care 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 12/2023, Homeplus Care generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 64.5% each year . All expenses for the organization totaled $9.7m during the year ending 12/2023. While expenses have increased by 62.2% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOME HEALTH CARE AND SOCIAL SERVICES TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE PERSONAL CARE SERVICES, WHICH INCLUDES ASSISTANCE WITH BATHING, GROOMING, DRESSING, PERSONAL HYGIENCE, MEDICATION REMINDERS, AND OTHER ACTIVITIES OF DAILY LIVING. THESE SERVICES ARE PROVIDED TO PEOPLE WHO ARE AT RISK OF HOSPITALIZATION OR INSTITUTIONALIZATION, SUCH AS THE ELEDERLY, CHRONICALLY ILL AND DISABLED. THE ORGANIZATION PARTICIPATES IN MEDICAID HCPS PROGRAMS TO PROVIDE COMPREHENSIVE PERSONAL CARE SERVICES FOR THE FRAIL ELDERLY, THE PHYSICALLY DISABLED, DEVELOPMENTALLY DISABLED, AND THOSE WITH TRAUMATIC BRAIN INJURY.
HOMEPLUS CARE OFFERS COMMUNITY BASED SOCIAL SERVICES FOR THOSE IN NEED OF VARIOUS SOCIAL BENEFITS, INCLUDING COURSES IN ENGLISH AS A SECOND LANGUAGE, JOB SEEKING ASSISTANCE, HEALTH LITERACY EDUCATION, AND FINANCE LITERACY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyong-Jin Min Executive Director | Trustee | 40 | $110,057 |
Willie Pai Member | Trustee | 1 | $0 |
Sang Soo Park President | Officer | 1 | $0 |
Seung-Hoon Lee Treasurer | Officer | 1 | $0 |
Felicia Troutman Secretary | Officer | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,485,287 |
| Investment income | $16,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,908 |
| Net Gain/Loss on Asset Sales | $69,561 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,598,365 |
| 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. | $110,057 |
| Compensation of current officers, directors, key employees. | $110,057 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,661,268 |
| Pension plan accruals and contributions | $105,676 |
| Other employee benefits | $0 |
| Payroll taxes | $395,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,365 |
| Advertising and promotion | $63,552 |
| Office expenses | $74,638 |
| Information technology | $12,031 |
| Royalties | $0 |
| Occupancy | $21,682 |
| Travel | $19,786 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,592 |
| Interest | $3,103 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,150 |
| Insurance | $102,333 |
| All other expenses | $0 |
| Total functional expenses | $9,712,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,532,291 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $244,976 |
| 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 | $11,627 |
| Net Land, buildings, and equipment | $2,535,708 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,324,602 |
| Accounts payable and accrued expenses | $409,746 |
| 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 | $86,185 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $495,931 |
| Net assets without donor restrictions | $3,828,671 |
| 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 | $4,324,602 |