Hebrew Homes Captive Services Inc
- Assets
- $1.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 2
- Location
- N Miami Beach, FL
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 65-1040931
Organization Overview
Hebrew Homes Captive Services Inc is located in N Miami Beach, FL. The organization was established in 2003. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2021, Hebrew Homes Captive Services Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hebrew Homes Captive Services 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, Hebrew Homes Captive Services Inc generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROVIDE SELF-INSURANCE TO AFFILIATED 501(C)(3) ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SELF-FUNDED LIABILITY AND WORKERS' COMPENSATION INSURANCE TO THE HEBREW HOMES HEALTH NETWORK, INC. AND AFFILIATED 501(C)(3) ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abraham Galbut Administrator | Officer | 0.25 | $196,000 |
Martin Wasserman Secretary/treasurer | OfficerTrustee | 0.25 | $0 |
Joan Brent Secretary | OfficerTrustee | 0.25 | $0 |
Ben Rozasansky Vice Chairman | OfficerTrustee | 0.25 | $0 |
Elaine Bloom CEO & President | Officer | 0.25 | $0 |
Daniel Galbut Director Of Operations | Officer | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lukes Santaniello Petrillo Jone Legal Fees | 12/30/19 | $187,027 |
Galbut Walters Associates Legal Fees | 12/30/19 | $144,211 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $300,000 |
| 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 | $300,000 |
| Total Program Service Revenue | $2,169,567 |
| Investment income | $0 |
| 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 | $2,469,567 |
| 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. | $196,000 |
| Compensation of current officers, directors, key employees. | $196,000 |
| Compensation to disqualified persons | $182,340 |
| Other salaries and wages | $54,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,018 |
| Fees for services: Accounting | $45,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $367 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $991,136 |
| All other expenses | $0 |
| Total functional expenses | $2,442,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $828,633 |
| 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 | $506,369 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $120,000 |
| Intangible assets | $0 |
| Other assets | $20,000 |
| Total assets | $1,581,867 |
| Accounts payable and accrued expenses | $1,538,067 |
| 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 | $1,329,281 |
| Total liabilities | $2,867,348 |
| Net assets without donor restrictions | -$1,285,481 |
| 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 | $1,581,867 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jupiter Medical Center Physicians Group Inc Jupiter, FL | $7,041,500 | $16,868,605 |
Florida Association Of Free And Charitable Clinics Inc Jacksonville, FL | $451,895 | $10,115,345 |
Phoebe Foundation Inc Albany, GA | $20,206,779 | $3,551,981 |
Impact Health Sharing Inc Davie, FL | $573,808 | $3,439,853 |
Visiting Nurse Association & Hospice Foundation Inc Vero Beach, FL | $33,852,759 | $9,788,467 |
Hebrew Homes Captive Services Inc N Miami Beach, FL | $1,581,867 | $2,469,567 |
Suncoast Health Council Inc St Petersburg, FL | $957,545 | $1,940,129 |
Kenyarelief Org Cullman, AL | $1,331,657 | $1,506,038 |
Alabama Community Care - Region C Inc Huntsville, AL | $0 | $524,343 |
Health Occupations Students Of America Inc Georgia Watkinsville, GA | $257,092 | $1,030,364 |
Walton County Health Care Foundation Inc Monroe, GA | $50,639,691 | $2,072,620 |
Chcp Real Estate Holding Company Inc Clearwater, FL | $21,061,211 | $447,525 |