Homefirst LHCSA Inc

EIN: 611501623 501(c)(3) Health Care

Brooklyn, NY

Total Revenue
$27,648
Total Expenses
$616,921
Total Assets
$102,261
Net Assets
$82,510
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
ALEXANDER BALKO
Phone
7184917261
Tax Period
2020-01-01 to 2020-12-31

Homefirst LHCSA Inc, founded in 2008, is a micro nonprofit in the Health Care sector that reported $28K in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $617K exceeded revenue, resulting in a 2131% operating deficit.

Mission

TO PROVIDE NOT-FOR-PROFIT LICENSED HOME CARE AND SUPPLEMENTAL SERVICES IN ORDER TO ASSIST THE ILL, AGED AND DISABLED TO REMAIN IN THEIR HOME.

Program Service Accomplishments

Program 1
Expenses: $529,669 Revenue: $27,039

OPERATING AS MJHS HOME CARE SOLUTIONS, IT IS A NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES HOME HEALTH AIDES AND PERSONAL CARE WORKERS FOR ITS PATIENTS. IN 2020, MJHS HOME CARE SOLUTIONS PROVIDED 24...

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OPERATING AS MJHS HOME CARE SOLUTIONS, IT IS A NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES HOME HEALTH AIDES AND PERSONAL CARE WORKERS FOR ITS PATIENTS. IN 2020, MJHS HOME CARE SOLUTIONS PROVIDED 24 VISITS OF SKILLED NURSING SERVICES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $27,039
Investment Income $0
Other Revenue $609
TOTAL REVENUE $27,648

Expense Breakdown

Grants Paid $500,000
Salaries & Benefits $85,226
Fundraising Expenses $0
Program Expenses $529,669
Other Expenses $31,695
TOTAL EXPENSES $616,921

Year-over-Year Comparison

2020 2019 Change
Revenue $27,648 $6,952,908 -1.0%
Expenses $616,921 $6,167,894 -0.9%
Net Income $-589,273 $785,014 -1.8%
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

Financial Distress Indicator

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
7
Independent Members
6
Employees
451
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
6
$2,915,651
Total Directors
7
$1,440,526
Key Employees
1
$464,271
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXANDER BALKO CEO, President 0.5
Officer Director
$0 $143,612 $1,440,526
ROBERT LEAMER ASSISTANT SECRETARY 0.5
Officer
$0 $117,775 $738,142
JEFFREY DAVIS Chief Financial Officer 0.5
Officer
$0 $95,142 $736,983
TERESE ACAMPORA COO MJHS Hospice & Home Care 0.5
Key Emp
$0 $68,975 $464,271
RONALD MILCH CHAIR 0.5
Officer Director
$0 $0 $0
STEVEN TOPAL VICE CHAIR 0.5
Officer Director
$0 $0 $0
WILLIAM GORMLEY SR Secretary/Treasurer 0.5
Officer Director
$0 $0 $0
ELI FELDMAN Director 0.5
Director
$0 $0 $0
ARTHUR GOSHIN Director 0.5
Director
$0 $0 $0
SHMUEL LEFKOWITZ DIRECTOR 0.5
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
2020 $27,648 $616,921 $102,261 $-589,273
2019 $6,952,908 $6,167,894 $2,187,902 $785,014
2018 $5,777,460 $5,716,566 $1,645,234 $60,894
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