Masada Home Care Inc
- Assets
- $4.9m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 349
- Location
- Miami, FL
- Founding
- 08/1997
- Data as of
- 06/2022
- EIN
- 65-0736904
Organization Overview
Masada Home Care Inc is located in Miami, FL. The organization was established in 1997. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Masada Home Care Inc employed 349 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masada Home Care 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 06/2022, Masada Home Care Inc generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $9.6m during the year ending 06/2022. While expenses have increased by 11.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 HOME HEALTH CARE SERVICES TO ELDERLY AND DISABLED PERSONS RESIDING IN MIAMI-DADE COUNTY. (SEE SCHEDULE O FOR CONTINUATION)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCY, WHICH OPERATES IN MIAMI DADE COUNTY, PROVIDES HOME HEALTH CARE ASSISTANCE TO THE FRAIL ELDERLY IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Althea Malone Administrator | Officer | 40 | $103,303 |
Mark W Gordon MD Chair | OfficerTrustee | 0.5 | $0 |
Elinor Ganz Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Miriam Singer President And CEO | OfficerTrustee | 0.5 | $0 |
Leopoldo F Coronado Sada Cao/interim CFO Thru 2/22 | Officer | 0.5 | $0 |
Michael Myers 222 Controller | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jewish Community Services Management | 6/29/19 | $1,000,000 |
United Healthcare Insurance Company Healthcare Insurance | 6/29/19 | $383,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,623 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,466 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,089 |
| Total Program Service Revenue | $10,082,890 |
| Investment income | $84 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $10,155,063 |
| 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. | $115,179 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,799,159 |
| Pension plan accruals and contributions | $25,751 |
| Other employee benefits | $786,225 |
| Payroll taxes | $509,131 |
| Fees for services: Management | $946,319 |
| Fees for services: Legal | $0 |
| 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 | $30,355 |
| Advertising and promotion | $150 |
| Office expenses | $48,274 |
| Information technology | $57,679 |
| Royalties | $0 |
| Occupancy | $153,782 |
| Travel | $86,212 |
| 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 | $2,450 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,621,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,031 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $288,643 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,578,618 |
| Total assets | $4,929,292 |
| Accounts payable and accrued expenses | $411,482 |
| Grants payable | $0 |
| Deferred revenue | $7,306 |
| 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 | $0 |
| Total liabilities | $418,788 |
| Net assets without donor restrictions | $4,510,504 |
| 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 | $4,929,292 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Masada Home Care Inc has recieved totaling $17,077.
| Awarding Organization | Amount |
|---|---|
Alliance For Aging Inc Miami, FL PURPOSE: TO PROVIDE GRANTS TO ORGANIZATIONS ASSISTING THE ELDERLY | $17,077 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vna Hospice Of Indian River County Inc Vero Beach, FL | $12,034,382 | $15,330,911 |
Visiting Nurse Association Of The Treasure Coast Inc Vero Beach, FL | $5,261,799 | $19,481,405 |
Visiting Nurse Association Of Indian River County Inc Vero Beach, FL | $1,262,114 | $11,055,720 |
Masada Home Care Inc Miami, FL | $4,929,292 | $10,155,063 |
Sjc Home Health Services Inc Savannah, GA | $1,827,558 | $8,843,081 |
Vna Space Coast Inc Melbourne, FL | $718,424 | $3,863,253 |
Ogeechee Area Hospice Inc Statesboro, GA | $8,712,419 | $5,645,851 |
Catholic Home Health Services Of Broward Inc Lauderdale Lakes, FL | $956,877 | $2,050,953 |
Princeton Professional Services Inc Orlando, FL | $108,518,957 | $9,338,074 |
Daystar Inc Fort Lauderdale, FL | $14,163,385 | $8,545,928 |
Public Health Home Health Inc Valdosta, GA | $991,117 | $2,062,041 |
Brrh Home Health Services Inc Boca Raton, FL | $30,472 | $1,891,443 |