Hamaspik Care Inc
98% goes to programs Strong reserves Growing revenue
Hamaspik Care Inc is a 501(c)(3) organization based in Spring Valley, New York, registered in 2015, with $318,649,790 in FY2024 revenue. CharityIndex grades it A, and it directs about 98% of spending to programs.
5 Perlman Dr, Spring Valley, NY, 10977 EIN 27-4628760 Since 2015
Revenue (FY2024)
$318.6M
▲ 25.9% vs prior year
Health median: $840K
Expenses (FY2024)
$278.7M
Net assets
$147.8M
Employees
10,777
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating98% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Hamaspik Care Inc: 98% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hamaspik Care Inc: 6 mo reserves · +13% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Hamaspik Care Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hamaspik Care Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The organization provides personal care aides (home attendants) and home health aides to chronically ill or physically disabled individuals who have a medical need for help with activities of daily living or skilled nursing services. the organization also services the opwdd community.
Contact & location
- Address
- 5 Perlman Dr, Spring Valley, NY, 10977
- City
- Spring Valley
- State
- New York
- Category
- Health Care
- Subcategory
- Nursing & Home Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $31.0M (FY2018) to $318.6M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $41.8MNet assets $147.8M
Operating margin
12.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$189.6M
Total liabilities
$41.8M
Net assets
$147.8M
Salaries & benefits
$248.3M
89% of expenses
Board members
4
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $318,649,790▲25.9% | $278,734,467▲31.6% | $147,824,750▲36.8% | $189,622,713▲29.9% | 990 |
| 2023 | $253,154,516▲31.7% | $211,815,085▲23.0% | $108,086,746▲61.2% | $145,940,623▲48.6% | 990 |
| 2022 | $192,223,326▲25.7% | $172,196,549▲33.5% | $67,039,261▲41.0% | $98,187,557▲43.8% | 990 |
| 2021 | $152,953,737▲42.4% | $128,943,389▲15.0% | $47,536,335▲98.5% | $68,287,663▲79.8% | 990 |
| 2020 | $107,432,953▲103% | $112,131,438▲200% | $23,948,999▼16.4% | $37,971,920▼2.3% | 990 |
| 2019 | $53,003,883▲71.1% | $37,323,121▲107% | $28,647,484▲121% | $38,861,619▲80.9% | 990 |
| 2018 | $30,976,888 | $18,010,166 | $12,966,722 | $21,487,068 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Asher Katz — $600,739 (0.22% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Asher Katz | Executive Director | 46 | $600,739 |
| Joseph Podrigal | Chief Financial Officer | 39 | $411,822 |
| Meyer Wertheimer | Former Board Member | 2 | $398,254 |
| Chanie Cziment | Director Coordination | 40 | $235,502 |
| David Krasner | Patient Liaison | 38 | $232,656 |
| Devora Basya Nass | Hr Supervisor | 36 | $193,199 |
| Marina Pines | Admin Human Resources Director | 36 | $180,087 |
| Hadassah Abergil | Hr Supervisor | 35 | $167,411 |
| Eugene Porges | Board Member | 2 | — |
| Pinchas Teichman | Vice President | 2 | — |
| Shulem Lowinger | Secretary & Treasurer | 2 | — |
| Yitzchok Kornbluh | President | 2 | — |
Grants received · $5.6M total
1 grant to Hamaspik Care Inc totaling $5.6M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Hamaskpik of Rockland County Inc | To assist in establishing care | 2018 | $5,597,567 |
Grants made · $25.0M in FY2024
1 grant totaling $25.0M in FY2024. All grants made by Hamaspik Care Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Nysha Inc | General support | $25,000,000 |
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Frequently asked questions
- Is Hamaspik Care Inc a legitimate nonprofit?
- Yes. Hamaspik Care Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-4628760, based in Spring Valley, New York. Donations are tax-deductible.
- What is Hamaspik Care Inc's EIN?
- Hamaspik Care Inc's Employer Identification Number (EIN) is 27-4628760.
- How much revenue does Hamaspik Care Inc report?
- Hamaspik Care Inc reported $318,649,790 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Hamaspik Care Inc's spending goes to programs?
- Hamaspik Care Inc spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hamaspik Care Inc have?
- CharityIndex grades Hamaspik Care Inc A, based on program efficiency and fundraising cost.
- How much does Hamaspik Care Inc's highest-paid employee make?
- The highest reported compensation on Hamaspik Care Inc's latest Form 990 is $600,739, paid to Asher Katz (Executive Director).
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Explore more
Data for Hamaspik Care Inc (EIN 27-4628760) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.