Heart Share Wellness Ltd
- Assets
- $7.0m
- Revenue
- $477.9k
- Investments
- $0.0
- Employees
- 25
- Location
- Brooklyn, NY
- Founding
- 04/2001
- Data as of
- 06/2021
- 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 06/2021, Heart Share Wellness Ltd employed 25 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 06/2021, Heart Share Wellness Ltd generated $477.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (34.9%) each year. All expenses for the organization totaled $796.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (28.9%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST QUALITY PRIMARY AND PREVENTIVE HEALTH CARE SERVICES FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THIS YEAR, 391 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 | 3.5 | $15,937 |
Joseph A Caruana DO Chairman | OfficerTrustee | 3 | $0 |
Robert F Calciano Vice Chairman | OfficerTrustee | 2 | $0 |
Carl P Campagna Secretary | OfficerTrustee | 0.5 | $0 |
Michael J Abatemarco Treasurer - Thru 6/2021 | OfficerTrustee | 0.5 | $0 |
Peter Ungaro Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Promila Thakker Psychiatry | 6/29/17 | $140,063 |
Global Communications Therapy Services | 6/29/17 | $112,108 |
Heartshare Human Services Of Ny Management Services | 6/29/17 | $468,207 |
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 | $111,870 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,190 |
| Total Program Service Revenue | $243,348 |
| Investment income | $44,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,653 |
| 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 | $477,914 |
| 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. | $16,421 |
| Compensation of current officers, directors, key employees. | $16,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $325,917 |
| Pension plan accruals and contributions | $25,379 |
| Other employee benefits | $52,692 |
| Payroll taxes | $37,303 |
| Fees for services: Management | $73,218 |
| Fees for services: Legal | $594 |
| 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 | $36,934 |
| Advertising and promotion | $0 |
| Office expenses | $11,972 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $182,729 |
| Travel | $240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,701 |
| Insurance | $8,992 |
| All other expenses | $221 |
| Total functional expenses | $796,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,506 |
| 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 | $25,651 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,612,106 |
| Total assets | $6,981,265 |
| Accounts payable and accrued expenses | $459,258 |
| 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 | $308,603 |
| Other liabilities | $3,478,391 |
| Total liabilities | $4,246,252 |
| Net assets without donor restrictions | $2,735,013 |
| 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 | $6,981,265 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Marys Hospital For Children Inc Bayside, NY | $163,358,524 | $102,313,252 |
Blythedale Childrens Hospital Valhalla, NY | $271,989,720 | $102,411,458 |
Gaylord Hospital Inc Wallingford, CT | $128,915,259 | $93,864,811 |
Good Shepherd Rehabilitation Hosp Allentown, PA | $57,653,412 | $80,489,930 |
Fox Chase Cancer Center Medical Group Inc Philadelphia, PA | $37,947,929 | $82,329,773 |
Magee Rehabilitation Hospital Philadelphia, PA | $274,504,681 | $82,150,847 |
Franciscan Hospital For Children Inc Brighton, MA | $82,570,015 | $89,147,333 |
Sunnyview Hospital And Rehabilitation Center Schenectady, NY | $57,470,156 | $63,251,505 |
Magee-Womens Research Institute And Foundation Pittsburgh, PA | $105,422,061 | $58,233,606 |
Bacharach Institute For Rehabilitation Inc Pomona, NJ | $75,857,509 | $36,251,929 |
Pennsylvania Psychiatric Institute Harrisburg, PA | $10,777,137 | $42,493,217 |
Allied Services Institute Of Rehabilitation Medicine Clarks Summit, PA | $48,032,668 | $30,513,476 |