THE BRONX VETERANS MEDICAL RESEARCH FOUNDATION INC

EIN: 133699250 501(c)(3)

BRONX, NY

Total Revenue
$5,615,927
Total Expenses
$6,183,310
Total Assets
$5,318,767
Net Assets
$4,933,011
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
JOHANE SIMELANE MPH MS
Phone
7187414442
Tax Period
2025-01-01 to 2025-12-31

THE BRONX VETERANS MEDICAL RESEARCH FOUNDATION INC, founded in 1992, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $6.2M exceeded revenue, resulting in a 10% operating deficit.

Mission

BVMRF ADVANCES RESEARCH AND EDUCATION ACTIVITIES TO ENHANCE THE QUALITY OF CARE AND HEALTH FOR VETERANS. WE STRIVE TO SERVE OUR VETERANS WITH THE SAME LOYALTY, HONESTY, AND INTEGRITY THEY DISPLAYED SERVING US.

Program Service Accomplishments

Program 1
Expenses: $5,208,006

RESEARCH AND EDUCATION PROGRAM THE FOUNDATION HAD RESEARCH ACTIVITIES THAT ENCOMPASSES BIOMEDICAL, HEALTH SERVICES, REHABILITATION ENGINEERING, MENTAL HEALTH AND GERIATRIC RESEARCH ENDEAVORS. THESE...

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RESEARCH AND EDUCATION PROGRAM THE FOUNDATION HAD RESEARCH ACTIVITIES THAT ENCOMPASSES BIOMEDICAL, HEALTH SERVICES, REHABILITATION ENGINEERING, MENTAL HEALTH AND GERIATRIC RESEARCH ENDEAVORS. THESE RESEARCH ACTIVITIES WERE DIRECTLY FUNDED THROUGH FEDERAL PROGRAMS OR PASS THROUGH ENTITIES, AND BY PARTICIPATING PHARMACEUTICAL COMPANIES. THERE WERE VARIOUS STUDIES COMPLETED AND ON-GOING DURING THE YEAR. THE FOUNDATION ALSO HAD HEALTH EDUCATION ACTIVITIES AIMED AT IMPROVING VETERANS- AND CAREGIVERS' HEALTH AWARENESS IN VARIOUS AREAS, SUCH AS KNOWLEDGE IN SUICIDE PREVENTION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $4,088,043
Program Service Revenue $1,424,374
Investment Income $95,906
Other Revenue $7,604
TOTAL REVENUE $5,615,927

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,731,059
Fundraising Expenses $0
Program Expenses $5,208,006
Other Expenses $2,452,251
TOTAL EXPENSES $6,183,310

Year-over-Year Comparison

2025 2024 Change
Revenue $5,615,927 $4,742,936 +0.2%
Expenses $6,183,310 $5,933,755 +0.0%
Net Income $-567,383 $-1,190,819 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
3
Employees
52
Volunteers
3

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
2
$560,997
Total Directors
9
$1,799,759
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BALAVENKATESH KANNA MD MPH CHAIRMAN 5.00
Officer Director
$0 $0 $384,985
DAVID NG MD BOARD MEMBER 1.00
Director
$0 $0 $371,155
MEENAKSHI ZAIDI MD BOARD MEMBER 5.00
Director
$0 $0 $323,759
GREGORY ELDER MD PHD BOARD MEMBER 1.00
Director
$0 $0 $267,092
SHELDON BROWN MD BOARD MEMBER 4.00
Director
$0 $0 $249,529
DAWN M SCHAAL MS BOARD MEMBER 1.00
Director
$0 $0 $203,239
JOHANE SIMELANE MPH MS EXECUTIVE DI 40.00
Officer
$176,012 $0 $176,012
HEIDY SYKES MBA CHIEF ACCOUN 40.00
Highest
$117,696 $0 $117,696
CANDACE GRANT MD PUBLIC BOARD 1.00
Director
$0 $0 $0
WHITNEY GRUHIN MPH PUBLIC BOARD 1.00
Director
$0 $0 $0
MARY SANO PHD PUBLIC BOARD 1.00
Director
$0 $0 $0
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 $5,615,927 $6,183,310 $5,318,767 $-567,383
2024 $4,742,936 $5,933,755 $5,950,213 $-1,190,819
2023 $4,807,680 $5,877,880 $7,091,358 $-1,070,200
2022 $4,590,701 $5,529,808 $7,921,801 $-939,107
2021 $8,272,955 $6,293,043 $9,078,068 $1,979,912
2021 $8,272,955 $6,293,043 $9,078,068 $1,979,912
2020 $6,039,487 $4,017,843 $6,658,495 $2,021,644
2019 $3,747,756 $3,347,547 $4,587,205 $400,209
2018 $5,524,030 $3,166,235 $4,129,276 $2,357,795
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