Masada Home Care Inc
- Assets
- $5.2m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 365
- Location
- Miami, FL
- Founding
- 08/1997
- Data as of
- 06/2023
- EIN
- 65-0736904
Organization Overview
Masada Home Care Inc is located in Miami, FL. The organization was established in 1997. 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 06/2023, Masada Home Care Inc employed 365 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masada Home Care 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 06/2023, Masada Home Care Inc generated $9.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $9.7m during the year ending 06/2023. While expenses have increased by 9.6% per year over the past 8 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 HOME CARE ASSISTANCE AND PERSONALIZED LIFE SUSTAINING SERVICES TO ELDERLY AND DISABLED CLIENTS RESIDING IN MIAMI, DADE COUNTY (SEE SCH O).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCY, WHICH OPERATES IN MIAMI DADE COUNTY, PROVIDES HOME HEALTH CARE ASSISTANCE TO THE FRAIL ELDERLY IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miriam Singer President And CEO | OfficerTrustee | 0.5 | $0 |
Leopoldo F Coronado Sada Chief Administrative Officer | Officer | 0.5 | $0 |
Michael Myers Controller | Officer | 0.5 | $0 |
Althea Malone Administrator | Officer | 40 | $113,600 |
Mark W Gordon MD Immediate Past Chairman | OfficerTrustee | 0.5 | $0 |
Elinor Ganz Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jewish Community Services Management | 6/29/19 | $1,000,000 |
United Healthcare Insurance Company Healthcare Insurance | 6/29/19 | $383,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,553 |
| 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 | $99,553 |
| Total Program Service Revenue | $9,581,080 |
| Investment income | $16 |
| 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 | $9,680,649 |
| 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. | $118,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,889,600 |
| Pension plan accruals and contributions | $20,682 |
| Other employee benefits | $679,390 |
| Payroll taxes | $604,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,250 |
| Office expenses | $101,493 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,306 |
| Travel | $78,905 |
| 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 | $7,649 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,662,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,103 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $656,206 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,399,886 |
| Total assets | $5,156,195 |
| Accounts payable and accrued expenses | $624,678 |
| Grants payable | $0 |
| Deferred revenue | $2,688 |
| 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 | $627,366 |
| Net assets without donor restrictions | $4,528,829 |
| 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 | $5,156,195 |