Ifh Foundation

Overview

Mission

The ifh foundation was established for purposes of devoting and applying its assets exclusively for the support and benefit of the institute for family health. The applicant's principal project at this time is the ownership, renovation and leasing to the institute for family health of a community health center in harlem, New York community. For nearly thirty years a key provider of health care to residents of the harlem community of New York city was north general hospital. Unfortunately, north general hospital entered bankruptcy in 2010 and closed shortly thereafter. The hospital's closure was a serious blow to the harlem community. The dormitory authority of New York ("dasny"), a governmental agency that provides bond financing for numerous non-profit facilities in New York was a significant secured creditor of north general hospital, acquired the hospital's real property in the bankruptcy proceedings. This special purpose subsidiary is called nghp holding corporati

What it reported doing in 2024

The ifh foundation was established for purposes of devoting and applying its assets exclusively for the support and benefit of the institute for family health.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
453769292
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Headquarters
New York, NY, USA
Phone
2126330800
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 60
  • Accountability: 72
  • Sustainability: 35
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 89.8%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 18th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -320.7%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 22.44; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 6.2%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: -7.6% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -41.2% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -3.4% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 89.8% of spending went to programs
  • Governance: 2 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $750K in reported program spending
  • Leadership: top reported pay $753K · 4 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 6 annual filings from 2018 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

4 people listed

Highest reported compensation

  • NEIL CALMAN (PRESIDENT): $752,952 total reported compensation
  • CAROLINE DICIOCCIO (VP, CHIEF FINANCIAL OFFICER): $257,642 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.