Gemach Chessed Inc
- Assets
- $65.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-3315577
Organization Overview
Gemach Chessed Inc is located in Baltimore, MD. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Gemach Chessed 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, Gemach Chessed Inc generated $1.1m in total revenue. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 144.7% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PASTORAL COUNSELING, FINANCIAL SUPPORT AND INTEREST FREE LOANS TO HELP INDIVIDUALS GET AND STAY MARRIED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANY PEOPLE WERE ADVISED, COUNSELED, HELPED AND ENCOURAGED TO GET AND STAY MARRIED AND SUPPORT THEIR HOUSEHOLDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yosef Neuberger Treasurer | Officer | 10 | $0 |
Shrago Neuberger President | Officer | 20 | $0 |
David Cynamon Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,085,017 |
| 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 | $1,085,017 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,085,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $163,170 |
| Grants and other assistance to domestic individuals. | $923,542 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $58 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $264 |
| Total functional expenses | $1,087,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Total assets | $65,739 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $444,096 |
| Other liabilities | $0 |
| Total liabilities | $444,096 |
| Net assets without donor restrictions | -$378,357 |
| 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 | $65,739 |
Grants Awarded
Over the last fiscal year, Gemach Chessed Inc has awarded $163,170 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: Further charitable causes | $95,000 |
Baltimore, MD PURPOSE: Further charitable causes | $22,000 |
Baltimore, MD PURPOSE: Further charitable causes | $15,170 |
San Francisco, CA PURPOSE: Further charitable causes | $10,000 |
Lakewood, NJ PURPOSE: Further charitable causes | $5,500 |
Baltimore, MD PURPOSE: Further charitable causes | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Gemach Chessed Inc has recieved totaling $63,500.
| Awarding Organization | Amount |
|---|---|
Associated Jewish Charities Of Baltimore Baltimore, MD PURPOSE: GENERAL SUPPORT | $27,000 |
Foundation For The Preservation & Perpetuation Of Torah Laws & Custo Baltimore, MD PURPOSE: General Support | $12,500 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $12,000 |
| $11,000 | |
Lee And Maxine Peck Foundation Farmington Hills, MI PURPOSE: TO HELP FUND GRANTS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Planned Parenthood Federation - Worldwide Inc Washington, DC | $12,892,390 | $8,172,775 |
Fund For Charitable Giving Pittsburgh, PA | $174,176,180 | $114,342,351 |
International Initiative For Impact Evaluation Inc Washington, DC | $36,732,624 | $4,478,166 |
Washington Lawyers Committee For Civil Rights & Urban Affairs Washington, DC | $6,938,100 | $7,098,758 |
Adira Foundation Richmond, VA | $46,085 | $190,912 |
Rubin Family Foundation Bensalem, PA | $4,953,491 | $893,762 |
Ruth And Jo Stone Foundation Wilmington, DE | $38,423,105 | $10,158,893 |
Westmoreland Cultural Trust Greensburg, PA | $14,583,491 | $2,146,840 |
Tudor Place Foundation Inc Washington, DC | $3,166,856 | $2,256,203 |
The Beirne Carter Foundation Richmond, VA | $25,189,504 | $3,003,577 |
Homes For Hope Lancaster, PA | $4,138,617 | $1,481,409 |
Comcast Spectacor Charities Philadelphia, PA | $2,242,195 | $1,546,757 |