The Hovsep Foundation

EIN 84-2377028 • Union, NJ

855 Rahway AveUnion, NJ 07083

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE B20 • $1M-$5M nonprofits • Source year 2024

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE B20 • $1M-$5M nonprofits • Source year 2024

-3325%

Higher net margin than 1% of similar nonprofits.

NTEE B20 • $1M-$5M nonprofits • Source year 2024

Higher top officer pay than 37% of similar nonprofits.

NTEE B20 • $1M-$5M nonprofits • Source year 2025

-8.2%

Faster asset growth than 24% of similar nonprofits.

NTEE B20 • $1M-$5M nonprofits • Annualized from 2023 to 2024

1.3%

Faster revenue growth than 23% of similar nonprofits.

NTEE B20 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet

Liabilities / Assets10th percentile

Assets

Down

$1,008,862

Down $90,618 (-8.2%) from 2023

Liabilities

Flat

Flat from 2023

Net Assets

Down

$1,008,862

Down $90,618 (-8.2%) from 2023

Operations

Liabilities / Revenue10th percentile Net Margin1st percentile

Revenue

$7,767

Up $100 (+1.3%) from 2023

Expenses

$266,000

Up $178,440 (+204%) from 2023

Net Income

Down

-$258,233

Down $178,340 (-223%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

Highlighted filing

2024

Assets$1,008,862

Liabilities$0

Net Assets$1,008,862

Open 2024 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

Highlighted filing

2024

Revenue$7,767

Expenses$266,000

Net Income-$258,233

Open 2024 Filing

Filings

Most recent year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $1,008,862
Liabilities: $0
Net assets: $1,008,862
Revenue: $7,767
Expenses: $266,000
Net income: -$258,233

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$1.01	$0.00	$1.01	$0.01	$0.27	$0.26
2023Detailed filing. Detailed filing data is available for this year.	$1.10	$0.00	$1.10	$0.01	$0.09	$0.08
2022Detailed filing. Detailed filing data is available for this year.	$1.08	$0.00	$1.08	$0.01	$0.08	$0.07
2021Detailed filing. Detailed filing data is available for this year.	$1.15	$0.00	$1.15	$0.44	$0.27	$0.18
2020Detailed filing. Detailed filing data is available for this year.	$0.97	$0.00	$0.97	$1.00	$0.03	$0.97

Latest Filing Detail

Jump To

Filing Snapshot

Filing Period: Jan 1, 2024 to Dec 31, 2024
Signed: Apr 22, 2025
Return Version: 2024v5.0

Compensation and Service Providers

Top Officer Pay37th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
ERROL KARAKASH	Executive Di	-	$0	-	-
SERGE KARAKASH	Trustee	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: The Hovsep Foundation
EIN: 84-2377028
Phone: 9086886111
Address: 855 RAHWAY AVE, UNION, NJ 07083

Signing Officer

Name: Errol Karakash
Title: Executive Director
Phone: 9086886111
Signed: 2025-04-22
Discuss with paid preparer: Yes

Preparer

Firm: Tonelli Sheedy & Co LLC
Address: 11 UNION PLACE STE 1A, SUMMIT, NJ 07901
Preparer: James Tonelli CPA
Phone: 9739023000

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BuildTS	0	2025-03-06 01:10:19Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	SUMMIT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	07901
ReturnHeader/PreparerPersonGrp/PhoneNum	0	9739023000
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2025-04-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	JAMES TONELLI CPA
ReturnHeader/ReturnTs	0	2025-04-22T13:58:55-04:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/TaxPeriodBeginDt	0	2024-01-01
ReturnHeader/TaxPeriodEndDt	0	2024-12-31
ReturnHeader/TaxYr	0	2024