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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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

PESACH TIKVAH HOPE DEVELOPMENT, INC. (THE ORGANIZATION) WAS INCORPORATED IN 1983 IN THE STATE OF NEW YORK FOR THE PURPOSE OF PROVIDING SERVICES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES AND PERSONS WITH MENTAL ILLNESS.

Program Service Accomplishments

Program 1
Expenses: $12,536,386 Revenue: $11,412,271

CLINICS - PESACH TIKVAH, WITH THE ENCOURAGEMENT AND SUPPORT OF THE NYS OFFICE OF MENTAL HEALTH, HAS ESTABLISHED SATELLITE CLINICS IN LOCAL PRIVATE SCHOOLS. THESE SATELLITES HAVE ENABLED STUDENTS TO...

Read more

CLINICS - PESACH TIKVAH, WITH THE ENCOURAGEMENT AND SUPPORT OF THE NYS OFFICE OF MENTAL HEALTH, HAS ESTABLISHED SATELLITE CLINICS IN LOCAL PRIVATE SCHOOLS. THESE SATELLITES HAVE ENABLED STUDENTS TO RECEIVE THE HIGH-QUALITY SERVICES AVAILABLE AT OUR FLAGSHIP CLINIC IN WILLIAMSBURG, WITHOUT HAVING TO LEAVE THE SCHOOL BUILDING. THIS IS PARTICULARLY BENEFICIAL TO THE STUDENTS WHOSE LONG DAY OF STUDIES OFTEN LEAVE THEM WITH LITTLE TIME TO ATTEND THERAPY SESSIONS. ADDITIONALLY, IT PRECLUDES THE NECESSITY OF PARENTS HAVING TO BRING THEIR CHILDREN TO WEEKLY APPOINTMENTS. THE PESACH TIKVAH FAMILY SERVICES CENTER, AN OUTPATIENT CLINIC, OFFERS A FULL RANGE OF MENTAL HEALTH SERVICES, INCLUDING ASSESSMENT, DIAGNOSIS, PSYCHOTHERAPY, PSYCHIATRIC SERVICES AND MEDICATION THERAPY. THE CLINIC SERVICES A BROAD RANGE OF INDIVIDUALS. OUR LICENSED THERAPISTS ARE TRAINED TO HELP PEOPLE DEAL WITH MARITAL STRIFE, AS WELL AS HELPING CHILDREN WITH BEHAVIORAL ISSUES. OUR STAFF ARE ALSO WELL TRAINED TO TREAT MORE ACUTE PROBLEMS SUCH AS DEPRESSION, ANXIETY, OCD, PHOBIAS AND EATING DISORDERS. MANY OF OUR THERAPISTS ARE MULTI-LINGUAL, AND ALL KEEP UP TO DATE WITH NEW RESEARCH, DIFFERENT MODALITIES OF TREATMENT, AND IMPROVED METHODS. BY PROVIDING SUPERIOR SERVICES AND COUNSELING, PESACH TIKVAH HELPS PEOPLE FUNCTION BETTER IN SOCIAL, PROFESSIONAL, AND ACADEMIC SETTINGS.

Program 2
Expenses: $10,865,629 Revenue: $21,175,063

CFTSS - PESACH TIKVAH'S CHILDREN AND FAMILY TREATMENT AND SUPPORT SERVICES (CFTSS) ARE A UNIQUE SUITE OF REHABILITATIVE SERVICES AVAILABLE TO CHILDREN AND ADOLESCENTS. MENTORS USE COLLABORATIVE...

Read more

CFTSS - PESACH TIKVAH'S CHILDREN AND FAMILY TREATMENT AND SUPPORT SERVICES (CFTSS) ARE A UNIQUE SUITE OF REHABILITATIVE SERVICES AVAILABLE TO CHILDREN AND ADOLESCENTS. MENTORS USE COLLABORATIVE APPROACHES TO HELP CHILDREN ACQUIRE AND IMPROVE SOCIAL, EMOTIONAL, BEHAVIORAL AND EXPRESSIVE SKILLS. THE SERVICES ARE PROVIDED OUTSIDE OF AN OFFICE SETTING IN EACH INDIVIDUAL'S PLACE OF COMFORT SUCH AS THEIR HOME OR SCHOOL. IN FY 2025 WE SERVICED OVER 1,590 CHILDREN IN THIS PROGRAM.

Program 3
Expenses: $2,029,136 Revenue: $3,744,696

HEALTH HOME CARE MANAGEMENT PROVIDES CARE PLANS AND CONNECTS INDIVIDUALS WITH LONG-TERM SERVICES WITHIN THEIR COMMUNITY.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare PESACH TIKVAH HOPE DEVELOPMENT INC with other nonprofits in New York and across the country.