New York Armenian Home Inc

Organization Overview

New York Armenian Home Inc is located in Forest Hills, NY. The organization was established in 1950. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Armenian Home Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, New York Armenian Home Inc generated $91.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.4%) each year. All expenses for the organization totaled $49.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION PROVIDED CUSTODIAL AND PERSONAL CARE SERVICES FOR ELDERLY INDIVIDUALS THROUGH APRIL OF 2018 WHEN IT CEASED OPERATIONS AND SOLD ITS PROPERTY. THE ORGANIZATION IS CURRENTLY PURSUING VARIOUS PLANS TO USE THE PROCEEDS FROM THE SALE OF THEIR FORMER PROPERTY IN OTHER LOCATIONS CONSISTENT WITH IT'S MISSION AND PURPOSE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2018, THE ORGANIZATION SOLD ITS PROPERTY UTILIZED TO CARRY OUT ITS EXEMPT PURPOSE AND WILL BE USING PROCEEDS TO BUILD ANOTHER ADULT CARE FACILITY. THE ORGANIZATION IS CURRENTLY IN THE PLANNING STAGE OF CONSTRUCTION AND WILL BE CARRYING OUT ITS MISSION WHEN THE BUILDING IS COMPLETED.


THE ORGANIZATION CONTRIBUTED TO THE FOUNDATION OF THE NEW YORK ARMENIAN HOME INC AND ARMENIAN HOME OF NEW YORK , INC IN FURTHERANCE OF ITS MISSION.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $31,780
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $60,144
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $91,924

Grants Awarded

Over the last fiscal year, New York Armenian Home Inc has awarded $49,098,772 in support to 2 organizations.

Grant RecipientAmount

FOUNDATION OF NEW YORK ARMENIAN HOME INC

Org PageRecipient Profile

Forest Hills, NY

PURPOSE: THE ORGANIZATION CONTRIBUTED TO THE FOUNDATION OF THE NEW YORK ARMENIAN HOME INC IN FURTHERANCE OF ITS MISSION.

$35,097,422

ARMENIAN HOME OF NEW YORK INC

Org PageRecipient Profile

Forest Hills, NY

PURPOSE: THE ORGANIZATION CONTRIBUTED TO THE ARMENIAN HOME OF NEW YORK, INC IN FURTHERANCE OF ITS MISSION.

$14,001,350
View Grant Profile

Peer Organizations

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