Health Initiative Inc
- Assets
- $8.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Boston, MA
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 83-1490111
Organization Overview
Health Initiative Inc is located in Boston, MA. The organization was established in 2019. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2021, Health Initiative Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Initiative 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 12/2021, Health Initiative Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HEALTH INITIATIVE (THI) WILL EDUCATE THE GENERAL PUBLIC REGARDING HOW DRIVERS OF HEALTH (E.G., FOOD, HOUSING) IMPACT HEALTH. IN DOING SO, THI WILL HELP TO LEAD THE NATION IN TAKING STEPS TO INVEST IN THESE DRIVERS, THUS IMPROVING THE QUALITY OF LIFE IN THE U.S.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILT STRATEGIC RELATIONSHIPS WITH KEY LEADERS ACROSS SECTORS TO ADDRESS THE BASIC DRIVERS OF HEALTH (E.G., FOOD, HOUSING) AND BEGAN DEVELOPING THE TOOLS AND LANGUAGE NEEDED TO BUILD GREATER PUBLIC UNDERSTANDING OF THE IMPORTANCE AND FEASIBILITY OF ADDRESSING THE DRIVERS OF HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rocco Perla Co-Founder | OfficerTrustee | 40 | $288,705 |
Rebecca Onie Milder Co-Founder | OfficerTrustee | 40 | $288,676 |
Diane Felicio Chief Operating Officer | Officer | 40 | $227,925 |
Brittany Hume Charm VP Of Strategic Partnerships | 40 | $140,000 | |
Jacqueline Shen Kim Chief Of Staff | 40 | $110,833 | |
Alice Chen President | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sonia Sarkar Consulting | 12/30/21 | $107,654 |
Deloitte Consulting Lp Consulting | 12/30/21 | $129,222 |
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 | $782,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $782,250 |
| Total Program Service Revenue | $1,707,497 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,489,772 |
| 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. | $920,148 |
| Compensation of current officers, directors, key employees. | $158,422 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $538,861 |
| Pension plan accruals and contributions | $17,683 |
| Other employee benefits | $84,192 |
| Payroll taxes | $91,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,665 |
| Fees for services: Accounting | $105,171 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $626,359 |
| Advertising and promotion | $0 |
| Office expenses | $11,428 |
| Information technology | $74,577 |
| Royalties | $0 |
| Occupancy | $8,800 |
| Travel | $5,950 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $230 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,220 |
| All other expenses | $2,068 |
| Total functional expenses | $2,505,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $770,425 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,101,500 |
| Accounts receivable, net | $320,579 |
| 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 | $4,726 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,575,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $873,980 |
| Total assets | $8,647,089 |
| Accounts payable and accrued expenses | $34,483 |
| Grants payable | $0 |
| Deferred revenue | $237,500 |
| 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 | $271,983 |
| Net assets without donor restrictions | $5,402,856 |
| Net assets with donor restrictions | $2,972,250 |
| 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 | $8,647,089 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Health Initiative Inc has recieved totaling $810,000.
| Awarding Organization | Amount |
|---|---|
New Profit Inc Boston, MA PURPOSE: PROGRAM EXPANSION | $400,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $400,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schenectady Family Health Services Inc Schenectady, NY | $19,045,497 | $22,478,656 |
Clifford W Beers Guidance Clinic Incorporated New Haven, CT | $9,137,010 | $18,265,945 |
Bob Woodruff Family Foundation Inc New York, NY | $14,267,455 | $13,208,242 |
Vna At Hcs Inc Keene, NH | $9,766,426 | $18,124,886 |
Hospice & Palliative Care Buffalo Inc Cheektowaga, NY | $16,859,718 | $13,710,188 |
Independence Care System Inc Brooklyn, NY | $10,653,055 | $18,543,015 |
Service Employees International Union Hartford, CT | $21,649,035 | $16,938,166 |
Bridging Access To Care Inc Brooklyn, NY | $3,861,592 | $15,321,105 |
Committee Of Interns & Residents Long Island City, NY | $15,857,435 | $14,995,112 |
Clara Martin Center Inc Randolph, VT | $9,599,904 | $14,620,066 |
Catholic Health System Infusion Pharmacy Inc Buffalo, NY | $8,707,877 | $12,748,117 |
Mass Insight Education And Research Institute Inc Boston, MA | $4,863,947 | $10,520,737 |