Hudson East River Systems Llc

Organization Overview

Hudson East River Systems Llc is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson East River Systems Llc 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 12/2020, Hudson East River Systems Llc generated $81.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $10.0m during the year ending 12/2020. While expenses have increased by 22.0% per year over the past 3 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE, HOLD, MANAGE AND INVEST THE NON-ERISA INVESTMENT ASSETS OF THE COMPANY'S MEMBERS AND TO SUPPORT THE DELIVERY OF HEALTH CARE TO THE PUBLIC BY ITS SUPPORT OF THE MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RECEIVE, HOLD, MANAGE AND INVEST THE NON-ERISA INVESTMENT ASSETS OF THE COMPANY'S MEMBERS AND TO SUPPORT THE DELIVERY OF HEALTH CARE TO THE PUBLIC BY ITS SUPPORT OF THE COMPANY'S MEMBERS AND TO CONDUCT ANY OTHER ACTIVITIES THAT MAY BE NECESSARY, USEFUL, OR DESIRABLE FOR THE FURTHERANCE OR ACCOMPLISHMENT OF THE FOREGOING PURPOSES, PROVIDED THOSE ACTIVITIES WOULD NOT ENDANGER THE COMPANY'S TAX EXEMPT STATUS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Chief Investment Officer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Payden & Rygel Investment Management
Investment Management
$1,452,357
Pimco
Investment Management
$1,173,813
Goldman Sachs
Investment Management
$717,157
Income Research Management
Investment Management
$679,358
Longview Partners Assets Management
Investment Management
$781,618
View All Vendors

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$0
Investment income $84,715,173
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$2,899,540
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $81,815,633

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