Homenetmen NYC Inc
Nonprofit profile at a glance
- EIN
- 825343481
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024
- Location
- Garden City, NY, USA
- Phone
- 9174350176
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $42,469
- Expenses
- $44,407
- Assets
- $85,832
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Karekin Shamlian (President)
- Serge Avakian (Vice President)
People named in this filing
- Karekin Shamlian (President)
- Talar Aprahamian (Treasurer)
- Serge Avakian (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide support and funding for youth sports and scout programs. Support and funding will be provided to programs that are based on integrity, fair play and the right to all individuals to participate. The programs are to offer more than mere teaching of athletic skills, they are to offer the opportunity to develop moral standards in all young people
What it reported doing in 2024
Programs held to bring members together and provideeducational and fun sports programs in effort to help buildgood character in youth
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 82
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.2%; rating input score 84
- Program expense ratio: 79.4%; rating input score 79
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4.6%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 1.93; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 42.5% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 15.8% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 10.1% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 84.2% of revenue deployed · 79.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $35K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 37/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.