PESACH TIKVAH HOPE DEVELOPMENT INC

EIN: 112642641 501(c)(3)

BROOKLYN, NY

Total Revenue
$47,229,725
Total Expenses
$35,355,011
Total Assets
$32,106,040
Net Assets
$18,899,484
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NY
Principal Officer
YERACHMIEL STERN
Phone
7188756900
Tax Period
2024-07-01 to 2025-06-30

PESACH TIKVAH HOPE DEVELOPMENT INC, founded in 1983, is a mid-sized nonprofit that reported $47.2M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.9M, a strong 25% operating margin.

Mission

TO PROVIDE SERVICES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES AND PERSONS WITH MENTAL ILLNESS. THE ORGANIZATION ALSO PROVIDES SERVICES TO HOLOCAUST SURVIVORS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,851,068
Program Service Revenue $40,725,583
Investment Income $2,588,870
Other Revenue $64,204
TOTAL REVENUE $47,229,725

Expense Breakdown

Grants Paid $0
Salaries & Benefits $28,927,308
Fundraising Expenses $156,844
Program Expenses $31,546,324
Other Expenses $6,427,703
TOTAL EXPENSES $35,355,011

Year-over-Year Comparison

2024 2023 Change
Revenue $47,229,725 $29,970,967 +0.6%
Expenses $35,355,011 $26,556,516 +0.3%
Net Income $11,874,714 $3,414,451 +2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
895
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$622,298
Total Directors
6
$0
Key Employees
4
$915,774
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID NIEDERMAN CHAIRMAN/ TREASURER 1.00
Officer Director
$0 $0 $0
RABBI ARON S JACOBOWITZ BOARD MEMBER/ VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ZEVI STEINMETZ BOARD MEMBER/ SECRETARY 1.00
Officer Director
$0 $0 $0
RABBI NAFTULI WEISS BOARD MEMBER 1.00
Director
$0 $0 $0
AVIGDER MENDELOWITZ BOARD MEMBER 1.00
Director
$0 $0 $0
YOEL ROSENFELD BOARD MEMBER 1.00
Director
$0 $0 $0
YERACHMIEL STERN CEO (AS OF 4/24) 36.00
Officer
$324,297 $52,744 $377,041
ETHAN KAHN CEO (UNTIL 3/24) FORMER OFFICER 36.00
$139,990 $17,562 $157,552
STEVEN ROSENBERG CFO 36.00
Officer
$243,501 $1,756 $245,257
BRUCHY ENDZWEIG PROGRAM DIRECTOR 36.00
Key Emp
$399,650 $0 $399,650
ZACHARY L TEPER HUMAN RESOURCES 36.00
Key Emp
$173,439 $5,162 $178,601
ESTHER DEUTSCH PROGRAM DIRECTOR 36.00
Key Emp
$177,176 $2,225 $179,401
GITTY KAHN PROGRAM DIRECTOR 36.00
Key Emp
$158,122 $0 $158,122
EKATHERINA M OSMAN PSYCHIATRIST 36.00
Highest
$293,536 $0 $293,536
DAVID BINYAMINOV NURSE PRACTITIONER 36.00
Highest
$292,970 $0 $292,970
AVRUM GRUNWALD SCHOOL COORDINATOR 36.00
Highest
$221,846 $0 $221,846
LEA SCHARF PROGRAM DIRECTOR 36.00
Highest
$225,788 $0 $225,788
SARA NEWMAN MENTAL HEALTH COUNSELOR 36.00
Highest
$213,620 $0 $213,620
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $47,229,725 $35,355,011 $32,106,040 $11,874,714
2024 $29,970,967 $26,556,516 $20,104,856 $3,414,451
2023 $20,559,561 $21,250,659 $17,198,099 $-691,098
2022 $17,950,569 $17,794,652 $9,259,359 $155,917
2021 $17,661,052 $15,538,331 $9,161,657 $2,122,721
2020 $13,725,139 $14,356,541 $6,680,292 $-631,402
2019 $13,381,464 $13,126,883 $5,037,264 $254,581
2018 $11,804,039 $11,113,909 $4,420,603 $690,130
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