Civic Intelligence

Hebrew Homes Management Services Inc.

990 • Fiscal year 2017 • EIN 65-1040928

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 02, 2018

1800 NE 168th Street Suite 200N Miami Beach, FL 33162

(305) 917-0460

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

2.22x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • NTEE E • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.40x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • NTEE E • $1M-$5M nonprofits • Source year 2017

Net Margin

38th percentile

-0.3%

Higher net margin than 38% of similar nonprofits.

2017 filings • NTEE E • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

81st percentile

$337,425

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2017 filings • NTEE E • $1M-$5M nonprofits • Source year 2017

Asset Growth

99th percentile

392%

Faster asset growth than 99% of similar nonprofits.

2017 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

26th percentile

-6.7%

Faster revenue growth than 26% of similar nonprofits.

2017 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$839,975

Up $669,421 (+392%) from 2016

Net Assets

Down

-$1,028,482

Down $15,543 (-1.5%) from 2016

Liabilities

Up

$1,868,457

Up $684,964 (+58%) from 2016

Revenue

Down

$4,620,129

Down $332,040 (-6.7%) from 2016

Expenses

Down

$4,635,672

Down $345,644 (-6.9%) from 2016

Net Income

Up

-$15,543

Up $13,604 (+47%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $748,605Liabilities 2010: $754,364Net Assets 2010: -$5,7592010Assets 2011: $907,877Liabilities 2011: $913,636Net Assets 2011: -$5,7592011Assets 2012: $891,748Liabilities 2012: $897,504Net Assets 2012: -$5,7562012Assets 2013: $1,009,693Liabilities 2013: $1,015,452Net Assets 2013: -$5,7592013Assets 2014: $1,169,819Liabilities 2014: $2,300,573Net Assets 2014: -$1,130,7542014Assets 2015: $877,682Liabilities 2015: $1,861,474Net Assets 2015: -$983,7922015Assets 2016: $170,554Liabilities 2016: $1,183,493Net Assets 2016: -$1,012,9392016Assets 2017: $839,975Liabilities 2017: $1,868,457Net Assets 2017: -$1,028,4822017Assets 2018: $376,979Liabilities 2018: $1,405,939Net Assets 2018: -$1,028,9602018Assets 2019: $523,371Liabilities 2019: $1,561,526Net Assets 2019: -$1,038,1552019Assets 2020: $501,647Liabilities 2020: $1,075,632Net Assets 2020: -$573,9852020Assets 2021: $274,077Liabilities 2021: $848,061Net Assets 2021: -$573,9842021Assets 2022: $32,254Liabilities 2022: $1,691,475Net Assets 2022: -$1,659,2212022Assets 2023: $11,670Liabilities 2023: $1,914,065Net Assets 2023: -$1,902,3952023Assets 2024: $11,998Liabilities 2024: $2,120,240Net Assets 2024: -$2,108,2422024

Highlighted filing

2017

Assets$839,975
Liabilities$1,868,457
Net Assets-$1,028,482

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $5,020,1452010Expenses 2011: $5,511,9972011Expenses 2012: $5,376,2202012Revenue 2013: $5,868,512Expenses 2013: $5,868,508Net Income 2013: $42013Revenue 2014: $6,476,331Expenses 2014: $7,601,330Net Income 2014: -$1,124,9992014Revenue 2015: $4,817,679Expenses 2015: $4,670,717Net Income 2015: $146,9622015Revenue 2016: $4,952,169Expenses 2016: $4,981,316Net Income 2016: -$29,1472016Revenue 2017: $4,620,129Expenses 2017: $4,635,672Net Income 2017: -$15,5432017Revenue 2018: $4,495,149Expenses 2018: $4,495,627Net Income 2018: -$4782018Revenue 2019: $4,209,461Expenses 2019: $4,218,656Net Income 2019: -$9,1952019Revenue 2020: $4,554,645Expenses 2020: $4,090,475Net Income 2020: $464,1702020Revenue 2021: $3,519,227Expenses 2021: $3,519,226Net Income 2021: $12021Revenue 2022: $0Expenses 2022: $1,085,237Net Income 2022: -$1,085,2372022Revenue 2023: $0Expenses 2023: $243,174Net Income 2023: -$243,1742023Revenue 2024: $0Expenses 2024: $205,847Net Income 2024: -$205,8472024

Highlighted filing

2017

Revenue$4,620,129
Expenses$4,635,672
Net Income-$15,543
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 2, 2018
Return Version
2017v2.3
Gross Receipts
$4,620,129
Mission and Program Overview

Mission

To provide management services to and support the overall missions of hebrew homes health network, inc. And its affiliated 501(c)(3) organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$121,245$449,841▲ $328,596
Accounts Receivable$0$336,849▲ $336,849
Cash and Non-Interest-Bearing Accounts$22,450$34,247▲ $11,797
Prepaid Expenses and Deferred Charges$11,859$1,423▼ $10,436
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$170,554$839,975▲ $669,421
Other Assets Total$15,000$17,615▲ $2,615
Liabilities
Accounts Payable and Accrued Expenses$1,015,022$945,896▼ $69,126
Deferred Revenue$148,238$618,110▲ $469,872
Mortgage Notes Payable Secured by Investment Property$0$332,681▲ $332,681
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Other Liabilities$20,233$-28,230▼ $48,463
Total Liabilities$1,183,493$1,868,457▲ $684,964
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-1,012,939$-1,028,482▼ $15,543
Total Net Assets Fund Balance$-1,012,939$-1,028,482▼ $15,543
Total Liabilities and Net Assets / Fund Balance$170,554$839,975▲ $669,421

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$448,538$539,408$987,946
Other Land Buildings$0$64,988$64,988
Leasehold Improvements$1,303$55,651$56,954
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elaine BloomCEO & PresidentFT$331,828$5,597$337,425
Harry FruhmanChief Financial OfficerFT$298,658$37,506$336,164
Lashondra ReschChief Compliance OfficerFT$170,658$35,771$206,429
Daniel GalbutDirector of OperationsFT$170,658$35,494$206,152
Joseph TempelbergDirector of Busn DevelopmentFT$166,849$33,459$200,308
Roosevelt MooreRehabilitation DirectorFT$128,149$35,228$163,377
Rafael CollazoDirector of Plant OperationsFT$126,543$25,110$151,653
Captain Marvin GreenwaldDirector of Prof. ServicesFT$123,760$2,467$126,227

Board Members and Trustees

NameTitle
Ronald S LowyChairman
Ben RozsanskyVice Chairman
Alan JotkoffDirector
Danylle RossDirector
Mickey MinagorriDirector
Rachel SchusterEVP FACILITY OP. - eff 6/14/17
Joan BrentSecretary
Martin WassermanTreasurer/secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Kronos INCPayroll Services297 BILLERICA ROAD, Chelmsford, MA 01824$164,863
Cole Scott Kissane PaLegal9150 SOUTH DADELAND BOULEVARD, Miami, FL 33156$121,115
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,620,129
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-15,543
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,841,168
Other Expenses$794,504
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$194,413$1,959,423-$2,153,836
Current Officers, Directors, Trustees, and Key Employees$73,627$806,114$0$879,741
Other Employee Benefits-$539,127-$539,127
Payroll Taxes$20,658$193,667-$214,325
Fees for Services Other$37,838$168,752-$206,590
Fees for Services Legal-$161,301-$161,301
Office Expenses$6,460$125,758-$132,218
Depreciation Depletion$87,381--$87,381
Insurance-$69,194-$69,194
Comp Disqual Persons-$35,776-$35,776
Occupancy-$23,622-$23,622
Fees for Services Accounting-$22,177-$22,177
Pension Plan Contributions$2,279$16,084-$18,363
Interest$12,785--$12,785
Travel$410$8,477-$8,887
Other Expenses$1,018$3,452-$1,018
Advertising-$488-$488
Total Functional Expenses$477,779$4,157,893$0$4,635,672
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Abraham Galbutsee part vNontaxable Employee BenefitsNo$23,287
Lowy and Cook Pasee part vLegalNo$12,489

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$-28,230
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 6:

The sole member of the organization is hebrew homes health network, inc.

FORM 990, PART VI, SECTION B, LINE 11B:

Form 990 is prepared by a nationally renowned accounting firm in conjunction with the organization's controller. Draft form 990 is provided to the controller who conducts a comprehensive review and distributes it to all members of the board of directors before it is filed with the internal revenue service.

FORM 990, PART VI, SECTION B, LINE 12C:

The organizations conflict committee monitors and enforces compliance with the conflict of interest policy annually. The committee reviews actual conflicts that are identified by the annual disclosure process and prohibits officers and directors from voting on matters where actual conflicts of interest exist.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

The compensation committee determines the compensation and benefits of the chief executive officer and other top management officials. The committee potentially includes the ceo and other top management officials. However, the committee is independent with respect to all compensation related decisions in that committee members refrain from voting on the compensation if a conflict arises. The committee utilizes comparability surveys provided by an independent accountant. The review and approval process is documented in committee meeting minutes.

FORM 990, PART VI, SECTION C, LINE 19:

Upon request, the organization will make available only those documents required to be disclosed under the public inspection laws.

Filing and Contact Details

Filer

Filer Name
Hebrew Homes Management Services Inc
EIN
65-1040928
In Care Of
% JACKIE LOPEZ
Phone
3059170460
Address
1800 NE 168th Street Suite 200, N Miami Beach, FL 33162

Signing Officer

Name
Harry Fruhman
Title
CFO
Phone
3059170428
Signed
2018-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harry Fruhman
Formed
2000
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
33
Volunteers
7

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Angelo Pirozzi cpa
Phone
2128858000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

The Board of Directors is responsible for the selection, monitoring and evaluation of an independent audit firm and oversight of the audit of its financial statements. There was no change in this process from the prior year.

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IRS990/Form990PartVIISectionAGrp/PersonNm11JOSEPH TEMPELBERG
IRS990/Form990PartVIISectionAGrp/PersonNm12RAFAEL COLLAZO
IRS990/Form990PartVIISectionAGrp/PersonNm13ROOSEVELT MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm14LASHONDRA RESCH
IRS990/Form990PartVIISectionAGrp/PersonNm15CAPTAIN MARVIN GREENWALD
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO & PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt10EVP FACILITY OP. - eff 6/14/17
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR OF BUSN DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF PLANT OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt13REHABILITATION DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF COMPLIANCE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF PROF. SERVICES
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01423
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IRS990/PYOtherRevenueAmt00
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IRS990/PYSalariesCompEmpBnftPaidAmt04013793
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.01$2.12$2.11$0.00$0.21$0.21
2023Detailed filing. Detailed filing data is available for this year.$0.01$1.91$1.90$0.00$0.24$0.24
2022Detailed filing. Detailed filing data is available for this year.$0.03$1.69$1.66$0.00$1.09$1.09
2021Detailed filing. Detailed filing data is available for this year.$0.27$0.85$0.57$3.52$3.52$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.50$1.08$0.57$4.55$4.09$0.46
2019Detailed filing. Detailed filing data is available for this year.$0.52$1.56$1.04$4.21$4.22$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.38$1.41$1.03$4.50$4.50$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.84$1.87$1.03$4.62$4.64$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.17$1.18$1.01$4.95$4.98$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.88$1.86$0.98$4.82$4.67$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.17$2.30$1.13$6.48$7.60$1.12
2013Detailed filing. Detailed filing data is available for this year.$1.01$1.02$0.01$5.87$5.87$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.90$0.01$5.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.91$0.01$5.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.75$0.01$5.02