Heart Share Wellness Ltd
- Assets
- $6.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 21
- Location
- Brooklyn, NY
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 11-3538646
Organization Overview
Heart Share Wellness Ltd is located in Brooklyn, NY. The organization was established in 2001. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Heart Share Wellness Ltd employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Share Wellness Ltd 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 06/2022, Heart Share Wellness Ltd generated $1.0m 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 (22.7%) each year. All expenses for the organization totaled $948.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (23.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST QUALITY LONG TERM THERAPY SERVICES, BOTH HABILITATIVE AND REHABILITATIVE SERVICES FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THIS YEAR, 359 PATIENTS RECEIVED HEALTHCARE SERVICES FROM HEARTSHARE WELLNESS' ARTICLE 16 CLINICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Levin Executive Director | Officer | 0.15 | $16,031 |
Joseph A Caruana DO Board Chairman | OfficerTrustee | 0.15 | $0 |
Robert F Calciano MD Vice Chairman | OfficerTrustee | 0.15 | $0 |
Carl P Campagna Secretary | OfficerTrustee | 0.15 | $0 |
Peter Ungaro Treasurer | OfficerTrustee | 0.15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heartshare Human Services Of Ny Management Services | 6/29/17 | $468,207 |
Promila Thakker Psychiatry | 6/29/17 | $140,063 |
Global Communications Therapy Services | 6/29/17 | $112,108 |
Loeb & Troper Llp Audit And Consulting | 6/29/17 | $105,633 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $361,030 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,855 |
| Total Program Service Revenue | $551,732 |
| Investment income | $33,991 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,534 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,027,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $14,814 |
| Compensation of current officers, directors, key employees. | $14,814 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $453,054 |
| Pension plan accruals and contributions | $12,819 |
| Other employee benefits | $74,638 |
| Payroll taxes | $45,796 |
| Fees for services: Management | $91,090 |
| Fees for services: Legal | $775 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,313 |
| Advertising and promotion | $0 |
| Office expenses | $21,457 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $173,423 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,959 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,632 |
| Insurance | $8,746 |
| All other expenses | $0 |
| Total functional expenses | $948,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $336,441 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,464 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,028,432 |
| Total assets | $6,442,230 |
| Accounts payable and accrued expenses | $537,426 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,090,117 |
| Total liabilities | $3,627,543 |
| Net assets without donor restrictions | $2,814,687 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,442,230 |