BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOUSING WORKS HEALTH SERVICES III INC, founded in 1995, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $43.4M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Expenses of $38.1M left a modest 12% surplus.
HOUSING WORKS HEALTH SERVICES III IS A FEDERALLY QUALIFIED HEALTH CARE CENTER (FQHC) PROVIDING A BROAD RANGE OF HEALTH SERVICES TO PERSONS LIVING WITH AIDS, HIV-RELATED ILLNESSES AND CHRONIC DISEASES.IN ADDITION, HOUSING WORKS HEALTH SERVICES III PROMOTES AND CARRIES ON CERTAIN SCIENTIFIC RESEARCH AND EDUCATIONAL ACTIVITIES RELATED TO PROVIDING CARE TO THE SICK, INJURED AND DISABLED AND PROMOTING THE HEALTH OF THE PUBLIC.
HOUSING WORKS HEALTH SERVICES III OPERATES A FACILITY THAT PROVIDES A BROAD RANGE OF HEALTH SERVICES TO PERSONS LIVING WITH AIDS OR HIV-RELATED ILLNESSES. THE FACILITY IS LOCATED AT 2626 PITKIN...
HOUSING WORKS HEALTH SERVICES III OPERATES A FACILITY THAT PROVIDES A BROAD RANGE OF HEALTH SERVICES TO PERSONS LIVING WITH AIDS OR HIV-RELATED ILLNESSES. THE FACILITY IS LOCATED AT 2626 PITKIN AVENUE, BROOKLYN, NEW YORK. IN ADDITION TO PROVIDING A WEALTH OF HEALTHCARE SERVICES, HOUSING WORKS HEALTH SERVICES III PROMOTES AND CARRIES ON CERTAIN RESEARCH AND EDUCATIONAL ACTIVITIES RELATED TO PROVIDING CARE TO THE SICK, INJURED AND DISABLED. HOUSING WORKS HEALTH SERVICES III ("HWS3") PARTICIPATES IN THE UNITED STATES FEDERAL PROGRAM REQUIRING DRUG MANUFACTURERS TO PROVIDE OUTPATIENT DRUGS TO ELIGIBLE HEALTH CARE ORGANIZATIONS AT SIGNIFICANTLY REDUCED PRICES. THE INTENT OF THE PROGRAM IS TO ALLOW ENTITIES TO STRETCH FEDERAL RESOURCES, REACHING MORE ELIGIBLE PATIENTS AND PROVIDING MORE COMPREHENSIVE SERVICES TO THEM. HWS3 HAS CONTRACTED WITH COMMUNITY PHARMACIES TO ADMINISTER THESE SERVICES TO THEIR PATIENTS FOR A FEE. THESE CONTRACTS AUTHORIZE THE PHARMACY TO BILL MEDICAID, MEDICARE AND THIRD-PARTY INSURANCE REMITTING THE COLLECTED FUNDS LESS THEIR FEES TO HWS3. THE PHARMACY FEES COVER THE COST OF DRUGS AND ADMINISTRATIVE FEES, AND ALLOW THE PHARMACY TO PURCHASE DIRECTLY FROM THE DRUG WHOLESALERS THE DRUGS WHICH REPLENISH THEIR STOCK.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $43,436,596 | $50,102,906 | -0.1% |
| Expenses | $38,115,937 | $41,560,460 | -0.1% |
| Net Income | $5,320,659 | $8,542,446 | -0.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALISON RICHARDS | CLIENT REP | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNIE SUGGS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CESAR FIGUEROA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHENELLE NIXON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DR BILLY E JONES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FRANK QUINTERO | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GEORGE MACKLIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GERMAINE NORRIS | CLIENT REP | 1.00 |
Director
|
$0 | $0 | $0 |
| HOLLAND GIVANCHI | CLIENT REP | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHY GUEYE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KISHOR MALAVADE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LADAWN SEBASTIAN | CLIENT REP | 1.00 |
Director
|
$0 | $0 | $0 |
| MARION CONDE | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAMELA DECUIR JOHNSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| REV MICHELLE TAYLOR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RUTH GARCIA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TYWAN MATA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| YVONNE TELESFORD | CLIENT REP | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES KING | MEMBER EX OFFICIO | 1.00 |
Officer
|
$0 | $16,962 | $473,043 |
| JESSICA DIAMOND | EXECUTIVE DIRECTOR | 1.00 |
Officer
|
$0 | $0 | $0 |
| JOLANTA ILCZUK | CHIEF FINANCIAL OFFICER | 1.00 |
Officer
|
$273,242 | $5,416 | $278,658 |
| MATTHEW BERNARDO | EXECUTIVE DIRECTOR | 1.00 |
Officer
|
$339,453 | $29,779 | $369,232 |
| ARCHIMEDES JAO | MEDICAL DIRECTOR | 40.00 |
Highest
|
$256,224 | $27,401 | $283,625 |
| DEEPAK VASISHTHA | MEDICAL DOCTOR | 40.00 |
Highest
|
$276,383 | $0 | $276,383 |
| PIERRE ARTY | CHIEF PSYCHIATRIC OFFICER | 40.00 |
Highest
|
$360,782 | $28,110 | $388,892 |
| SERGE ANDREYEFF | REGISTERED NURSE | 40.00 |
Highest
|
$236,271 | $1,787 | $238,058 |
| VATY POITEVIEN | CHIEF MEDICAL OFFICER | 1.00 |
Highest
|
$331,528 | $17,649 | $349,177 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $43,436,596 | $38,115,937 | $57,736,344 | $5,320,659 |
| 2022 | $50,102,906 | $41,560,460 | $57,336,713 | $8,542,446 |
| 2021 | $44,924,434 | $34,859,279 | $47,891,694 | $10,065,155 |
| 2020 | $23,083,437 | $16,028,762 | $34,926,493 | $7,054,675 |
| 2019 | $20,342,072 | $15,005,408 | $23,093,458 | $5,336,664 |
| 2018 | $19,606,647 | $13,260,683 | $17,150,401 | $6,345,964 |
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