Civic Intelligence

The Remy Healthcare Foundation Inc.

EIN 86-2956020 • 501(c)3 • New York, NY

Pub. 78 Eligible990-N CoverageNTEE G01

Profile

To render support to the special needs community and to assist special needs midical providers to establish and/or improve their operations.

224 W 35th St Suite 500New York, NY 10001

n/A

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.80x

Higher debt load relative to assets than 92% of similar nonprofits.

NTEE G • <$500k nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

0.08x

Higher debt load relative to revenue than 83% of similar nonprofits.

NTEE G • <$500k nonprofits • Source year 2021

Net Margin

37th percentile

-0.9%

Higher net margin than 37% of similar nonprofits.

NTEE G • <$500k nonprofits • Source year 2021

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE G • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$12,486

No earlier filing loaded for comparison.

Liabilities

$9,999

No earlier filing loaded for comparison.

Net Assets

$2,487

No earlier filing loaded for comparison.

Revenue

$121,010

No earlier filing loaded for comparison.

Expenses

$122,055

No earlier filing loaded for comparison.

Net Income

-$1,045

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$15K$10K$5.0K$0Assets 2021: $12,486Liabilities 2021: $9,999Net Assets 2021: $2,4872021

Highlighted filing

2021

Assets$12,486
Liabilities$9,999
Net Assets$2,487

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2021: $121,010Expenses 2021: $122,055Net Income 2021: -$1,0452021

Highlighted filing

2021

Revenue$121,010
Expenses$122,055
Net Income-$1,045

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.12$0.10$0.02$1.21$1.22$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$121,010
Mission and Program Overview

Mission

To render support to the special needs community and to assist special needs midical providers to establish and/or improve their operations.

Program Services

DescriptionGrantsExpenses
SEE SCHEDULE O--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JACOB SACKSPresident-$0--
CHAIM BREITKOPFTreasurer-$0--
JEREMY STERNSecretary-$0--
Filing and Contact Details

Filer

Filer Name
The Remy Healthcare Foundation Inc
EIN
86-2956020
Phone
3475605093
Address
224 W 35TH ST SUITE 500, NEW YORK, NY 10001

Signing Officer

Name
Jacob Sacks
Title
President
Phone
4123912920
Signed
2022-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Eliezer Alperstein CPA
Address
IS
Preparer
Eliezer Alperstein CPA
Phone
6106681808
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses marketing and promotion 19,500 consulting 33,200 bank fees 56 total 52,756

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 9,999

Form 990-ez, Part III

Remy healthcare foundation is undertaking to establish a federally qualified healthcare center to further the goals of the foundation for helping children with disabilities. In this connection, the foundation has incurred substantial legal and advisory expenses to ensure that its healthcare center complies with applicable regulations. Specifically, payments were made to accountants and consultants regarding regulatory issues, including setting up the corporate structure as well as making introductions to third parties in the healthcare industry; assistance in having the health care center become a "covered entity-; setting up the operating structure; and regulatory and legal advice on compliance with legal requirements and providing guidance with respect to qualifying as a "covered entity". All of these expenses, which ultimately will allow for program services to be provided to the special needs community, have been classified as general and administrative expenses since no direct program service expenses have yet been incurred. All expenses incurred so far have been to set up the legal and regulatory framework allowing for the establishment of a federally qualfied healthcare center.

Form 990-ez, Part III

To render support to the special needs community and to assist special needs midical providers to establish and/or improve their operations.

Raw XML Appendix125 raw XML fields

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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IRS990ScheduleA/TotalSupportAmt0171010
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING AND PROMOTION 19,500 CONSULTING 33,200 BANK FEES 56 TOTAL 52,756
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 9,999
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REMY HEALTHCARE FOUNDATION IS UNDERTAKING TO ESTABLISH A FEDERALLY QUALIFIED HEALTHCARE CENTER TO FURTHER THE GOALS OF THE FOUNDATION FOR HELPING CHILDREN WITH DISABILITIES. IN THIS CONNECTION, THE FOUNDATION HAS INCURRED SUBSTANTIAL LEGAL AND ADVISORY EXPENSES TO ENSURE THAT ITS HEALTHCARE CENTER COMPLIES WITH APPLICABLE REGULATIONS. SPECIFICALLY, PAYMENTS WERE MADE TO ACCOUNTANTS AND CONSULTANTS REGARDING REGULATORY ISSUES, INCLUDING SETTING UP THE CORPORATE STRUCTURE AS WELL AS MAKING INTRODUCTIONS TO THIRD PARTIES IN THE HEALTHCARE INDUSTRY; ASSISTANCE IN HAVING THE HEALTH CARE CENTER BECOME A "COVERED ENTITY-; SETTING UP THE OPERATING STRUCTURE; AND REGULATORY AND LEGAL ADVICE ON COMPLIANCE WITH LEGAL REQUIREMENTS AND PROVIDING GUIDANCE WITH RESPECT TO QUALIFYING AS A "COVERED ENTITY". ALL OF THESE EXPENSES, WHICH ULTIMATELY WILL ALLOW FOR PROGRAM SERVICES TO BE PROVIDED TO THE SPECIAL NEEDS COMMUNITY, HAVE BEEN CLASSIFIED AS GENERAL AND ADMINISTRATIVE EXPENSES SINCE NO DIRECT PROGRAM SERVICE EXPENSES HAVE YET BEEN INCURRED. ALL EXPENSES INCURRED SO FAR HAVE BEEN TO SET UP THE LEGAL AND REGULATORY FRAMEWORK ALLOWING FOR THE ESTABLISHMENT OF A FEDERALLY QUALFIED HEALTHCARE CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO RENDER SUPPORT TO THE SPECIAL NEEDS COMMUNITY AND TO ASSIST SPECIAL NEEDS MIDICAL PROVIDERS TO ESTABLISH AND/OR IMPROVE THEIR OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE REMY HEALTHCARE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0REMY
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ReturnHeader/Filer/PhoneNum03475605093
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ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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