Hamaspik of Kings County

Legal name: Hamaspik of Kings County Inc

Nonprofit profile at a glance

EIN
161522895
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Brooklyn, NY, USA
Phone
718-587-8400
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Residential Care & Adult Day Programs

Official website

Reported finances

Revenue
$195,518,191
Expenses
$189,150,931
Assets
$180,328,352
Liabilities
$104,354,220

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • MOSHE COHN (PRESIDENT)

Highest reported compensation

  • TZVI WERTHEIMER (EXECUTIVE DI): $1,067,911 total reported compensation
  • ABRAHAM SOLOMON (CLINIC DIREC): $660,070 total reported compensation
  • NAFTALI TESSLER (CHEIF OF STA): $564,330 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide services, support, and hope to people going through challenges so they can lead a fulfilling, productive life. Our mission is more than a statement We provide services, support, and hope to people going through. It’s a mission rooted in passion Life is challenging enough with the everyday juggle of family, work, home, and social responsibilities. For someone with a disability or mental health challenge – even more so! We’re here for thousands of families from all backgrounds, connecting them to support services in their language and in the setting most comfortable to them. Our greatest joy? What keeps us pushing forward every day?

What it reported doing in 2024

Child & youth hcbs consolidated waiver caregiver/family supports & services: to maintain individuals under the age of 21 with serious emotional disturbance (sed) in their homes and communities who would otherwise be in hospital levels of care by reimbursing for non-traditional services. This service enhances the individuals ability to function as part of a caregiver/family unit and enhances the caregiver/familys ability to care for the individual in the home and/or community. Services may include: interact and engage to offer educational, advocacy, and support resources to develop familys ability to independently access community services and activities; maintain and encourage self-sufficiency in caring for the individual in the home and community, and educate and train the caregiver unit on resource availability so that they might better support and advocate for the needs of the child and appropriately access needed services.

Operating model

Revenue model
Earned-program. 99% 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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 83
  • Accountability: 90
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91%; rating input score 91
  • Program expense ratio: 94.9%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.3%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 0.95; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0.58; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 2%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 25.7% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 21.3% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 22.2% per year; rating input score 100; 95th percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 91% of revenue deployed · 94.9% of spending went to programs
  • Governance: 4 of 4 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $179.6M in reported program spending
  • Leadership: top reported pay $1.1M · 10 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $15.2M reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 49/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.