Armenian Home Of New York Inc
- Assets
- $14.0m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Forest Hills, NY
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 83-0666955
Organization Overview
Armenian Home Of New York Inc is located in Forest Hills, NY. The organization was established in 2019. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armenian Home Of New York 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, Armenian Home Of New York Inc generated $14.1m in total revenue. All expenses for the organization totaled $2.1k during the year ending 12/2021. While expenses have increased by 314.6% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION HAS BEEN CREATED AND WILL BE OPERATED EXCLUSIVELY FOR THE CHARITABLE PURPOSES OF GIVING AID AND ASSISTANCE, DIRECTLY AND INDIRECTLY, TO ALL PERSON WHO ARE DESTITUTE, NEGLECTED OR OTHERWISE IN NEED OF HELP, SUPPORT AND ASSISTANCE, MORE PARTICULARLY, ELDERLY FOLK OF ARMENIAN NATIONALITY, WHO ARE IN NEED, WITHOUT REGARD TO THEIR POLITICAL AND RELIGIOUS AFFILIATIONS AND BELIEFS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2019 WAS THE INITIAL YEAR OF THE ORGANIZATION AND PROGRAM SERVICES HAVE NOT COMMENCED AS OF YET.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Kallem Vice Chairman | Trustee | 1 | $0 |
Neiri Amirian Chairperson | Trustee | 2 | $0 |
Arousiag Markarian Secretary | Trustee | 1 | $0 |
Alice Movsesian Treasurer | Trustee | 1 | $0 |
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 | $14,001,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,001,350 |
| Total Program Service Revenue | $0 |
| Investment income | $68,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,904 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,067,379 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $712 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $76 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,633,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $10,362,225 |
| Intangible assets | $0 |
| Other assets | $40,426 |
| Total assets | $14,036,214 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $14,036,214 |
| 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 | $14,036,214 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Armenian Home Of New York Inc has recieved totaling $14,001,350.
| Awarding Organization | Amount |
|---|---|
New York Armenian Home Inc Forest Hills, NY PURPOSE: THE ORGANIZATION CONTRIBUTED TO THE ARMENIAN HOME OF NEW YORK, INC IN FURTHERANCE OF ITS MISSION. | $14,001,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chs Of Waltham Inc Waltham, MA | $8,156,502 | $8,981,090 |
Madonna Manor Inc North Attleboro, MA | $3,390,766 | $9,186,999 |
Orchard Manor Grove City, PA | $8,380,993 | $11,061,466 |
St Joseph Manor Health Care Inc Brockton, MA | $6,980,662 | $8,977,109 |
Concordia Of Monroeville Monroeville, PA | $14,124,064 | $9,879,230 |
New Bedford Jewish Convalescent Home Inc New Bedford, MA | $7,152,066 | $9,275,124 |
Bronxwood Home For The Aged Inc Bronx, NY | $8,611,345 | $8,452,055 |
Bethany Nursing Home And Health Related Facility Inc Horseheads, NY | $9,235,158 | $10,577,157 |
Bryn Mawr Terrace Bryn Mawr, PA | $9,525,391 | $7,813,669 |
Visiting Nurse & Hospice Of Litchfield County Inc Winsted, CT | $28,841,530 | $11,942,495 |
Community Healthcare Operator Inc Windber, PA | $7,449,324 | $11,021,812 |
Clarview Rest Home Inc Sligo, PA | $11,252,883 | $9,978,055 |