Hamaspik Choice Inc
95% goes to programs Thin reserves Growing revenue
Hamaspik Choice Inc is a 501(c)(3) organization based in Monsey, New York, registered in 2013, with $406,161,724 in FY2024 revenue. CharityIndex grades it B+, and it directs about 95% of spending to programs.
58 Route 59 Ste 1, Monsey, NY, 10952 EIN 45-4781328 Since 2013
Revenue (FY2024)
$406.2M
▲ 91.3% vs prior year
Health median: $840K
Expenses (FY2024)
$399.2M
Net assets
$29.1M
Employees
489
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating95% 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 Choice Inc: 95% to programs earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +2% 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 Choice Inc: 1 mo reserves · +2% margin earns a C+ 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 Choice 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 Choice Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Hamaspik choice is committed to excellence in providing access to quality-driven health care coverage in a culturally-sensitive, timely and responsive manner.
Contact & location
- Address
- 58 Route 59 Ste 1, Monsey, NY, 10952
- City
- Monsey
- State
- New York
- Category
- Health Care
- Subcategory
- Nursing & Home Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $177K (FY2013) to $406.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $75.8MNet assets $29.1M
Operating margin
1.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$104.9M
Total liabilities
$75.8M
Net assets
$29.1M
Salaries & benefits
$36.0M
9% of expenses
Board members
4
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $406,161,724▲91.3% | $399,207,788▲67.5% | $29,133,489▲31.4% | $104,933,038▲6.2% | 990 |
| 2023 | $212,315,320▲129% | $238,345,787▲159% | $22,179,553▼54.0% | $98,799,870▲49.4% | 990 |
| 2022 | $92,626,820▼16.8% | $92,178,236▲4.5% | $48,210,020▲0.9% | $66,121,497▼1.1% | 990 |
| 2021 | $111,265,945▼1.1% | $88,248,283▼13.8% | $47,761,438▲93.0% | $66,826,438▲24.8% | 990 |
| 2020 | $112,476,918▼3.9% | $102,342,754▼17.3% | $24,743,776▲69.4% | $53,540,409▲37.2% | 990 |
| 2019 | $117,042,239▲1.5% | $123,825,377▲18.1% | $14,609,612▼31.7% | $39,017,680▲2.0% | 990 |
| 2018 | $115,269,613▲17.5% | $104,842,557▲18.6% | $21,392,750▲95.1% | $38,251,719▲45.3% | 990 |
| 2017 | $98,126,891▲35.8% | $88,417,493▲22.8% | $10,965,694▲773% | $26,326,558▲61.6% | 990 |
| 2016 | $72,254,941▲92.5% | $72,010,406▲102% | $1,256,296▲24.2% | $16,290,603▲20.8% | 990 |
| 2015 | $37,531,222▲181% | $35,572,138▲170% | $1,011,761▲207% | $13,487,123▲118% | 990 |
| 2014 | $13,375,970▲7466% | $13,179,520▲898% | -$947,323▲17.2% | $6,181,887▲114% | 990 |
| 2013 | $176,779 | $1,320,552 | -$1,143,773 | $2,890,825 | 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: Yoel Bernath — $1,026,691 (0.26% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Yoel Bernath | Executive Director | 40 | $1,026,691 |
| Tziporah Schwartz | Chief Business Development Officer | 40 | $724,931 |
| Hammad Rizvi | Medical Director | 40 | $376,392 |
| David Friedman | Chief Operating Officer | 40 | $365,927 |
| Karl Dehm | Vp of Compliance & Regulatory Affairs | 40 | $327,333 |
| Ka Ho Lee | Enrollment Supervisor | 40 | $258,769 |
| Simi Fliegman | Chief of Strategic Initiatives | 34 | $237,247 |
| David Landau | Manager of Facility Enrollments | 40 | $217,562 |
| Chaya Schlesinger | Vp of Human Resources | 40 | $205,631 |
| Mendel Ornstein | Comptroller | 40 | $202,190 |
| Emily Manning | Chief Technology Officer | 40 | $196,981 |
| Chaya Back | Chief Financial Officer | 40 | $191,319 |
| Lindsay Larocque | Vp of Care Management | 40 | $188,873 |
| Eric Kabel | Vp of Provider Relations and Contracting | 40 | $171,885 |
| Shoshana Bernal | Vp of Provider Relations & Network Development | 40 | $153,846 |
| David Gorbacz | Chief Operating Officer | 36 | $47,957 |
| Abraham Hershkovitz | Secretary | 1 | — |
| Herschel Weiss | President | 1 | — |
| Israel Stein | Treasurer | 1 | — |
| Jacob Cohn | Vice President | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Community Home Health Care | Medical and Health Care | $25,430,240 |
| Golden Touch Home Health LLC | Medical and Health Care | $15,363,461 |
| Longevity Health Services | Medical and Health Care | $14,403,599 |
| Js Homecare Agency of Ny Inc | Medical and Health Care | $12,484,602 |
| Infinicare Inc | Medical and Health Care | $10,757,983 |
Grants made · $380K in FY2022
1 grant totaling $380K in FY2022. All grants made by Hamaspik Choice Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| The Ojc Fund | General support | $380,000 |
Similar organizations in Health
Health
Wyckoff Heights Medical Center
Brooklyn, NY
$406.3M
C+annual revenue
Health
Planned Parenthood Federation of
New York, NY
$392.3M
B+annual revenue
- Health
Cayuga Medical Center At Ithaca
Ithaca, NY
$426.2M
Aannual revenue
Health
Canton-potsdam Hospital
Potsdam, NY
$385.7M
Aannual revenue
Health
Montefiore Health System Inc
Bronx, NY
$383.1M
B+annual revenue
Health
Montefiore Nyack Hospital
Nyack, NY
$378.0M
Aannual revenue
Health
Samaritan Medical Center
Watertown, NY
$376.6M
Aannual revenue
Health
Physicians of University Hospital PC
Westbury, NY
$375.9M
C+annual revenue
Health
Episcopal Health Services Inc
Garden City, NY
$441.2M
Aannual revenue
North Shore-lij Anesthesiology PC
Westbury, NY
$442.8M
C+annual revenue
Compare Hamaspik Choice Inc
Frequently asked questions
- Is Hamaspik Choice Inc a legitimate nonprofit?
- Yes. Hamaspik Choice Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-4781328, based in Monsey, New York. Donations are tax-deductible.
- What is Hamaspik Choice Inc's EIN?
- Hamaspik Choice Inc's Employer Identification Number (EIN) is 45-4781328.
- How much revenue does Hamaspik Choice Inc report?
- Hamaspik Choice Inc reported $406,161,724 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Hamaspik Choice Inc's spending goes to programs?
- Hamaspik Choice Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hamaspik Choice Inc have?
- CharityIndex grades Hamaspik Choice Inc B+, based on program efficiency and fundraising cost.
- How much does Hamaspik Choice Inc's highest-paid employee make?
- The highest reported compensation on Hamaspik Choice Inc's latest Form 990 is $1,026,691, paid to Yoel Bernath (Executive Director).
More nonprofits in Monsey
Explore more
Data for Hamaspik Choice Inc (EIN 45-4781328) 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.