Foundation Of The New York Armenian Home Inc

Organization Overview

Foundation Of The New York Armenian Home Inc is located in Forest Hills, NY. The organization was established in 2019. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The New York Armenian Home 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 12/2023, Foundation Of The New York Armenian Home Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 66.2% each year .

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION CARRIES OUT ITS CHARITABLE PURPOSES PRIMARILY BY UTILIZING ITS FUNDS AND RAISING ADDITIONAL FUNDS FROM THE GENERAL PUBLIC TO DIRECTLY AND INDIRECTLY AID AND ASSIST PERSONS WHO ARE DESTITUTE, NEGLECTED OR OTHERWISE IN NEED OF HELP, AND MORE PARTICULARLY, ELDERLY FOLK OF ARMENIAN NATIONALITY WHO ARE IN NEED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DIRECTLY AND INDIRECTLY AID AND ASSIST PERSONS WHO ARE DESTITUTE, NEGLECTED OR OTHERWISE IN NEED OF HELP, AND MORE PARTICULARLY, ELDERLY FOLK OF ARMENIAN NATIONALITY WHO ARE IN NEED.


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Board, Officers & Key Employees

Name (title)Compensation
Neiri Amirian
Chairperson
$0
Craig Kallem
Vice Chairman
$0
Alice Movsesian
Treasurer
$0
Arousiag Markarian
Secretary
$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$778,747
Noncash contributions included in lines 1a–1f $261,540
Total Revenue from Contributions, Gifts, Grants & Similar$778,747
Total Program Service Revenue$0
Investment income $946,773
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$194,550
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,530,970

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