HOMEBOUND CHESED INC

EIN: 884402083 501(c)(3) Human Services

BROOKLYN, NY

Total Revenue
$339,680
Total Expenses
$391,522
Total Assets
$49,794
Net Assets
$-9,126
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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
2022
Legal Domicile
NY
Principal Officer
EDWARD BERGER
Phone
7184359229
Tax Period
2023-12-01 to 2024-11-30

HOMEBOUND CHESED INC, founded in 2022, is a small nonprofit in the Human Services sector that reported $340K in total revenue in fiscal year 2023. Expenses of $392K exceeded revenue, resulting in a 15% operating deficit.

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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 (2023)

Revenue Breakdown

Contributions & Grants $339,680
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $339,680

Expense Breakdown

Grants Paid $0
Salaries & Benefits $202,984
Fundraising Expenses $6,423
Program Expenses $330,346
Other Expenses $188,538
TOTAL EXPENSES $391,522

Year-over-Year Comparison

2023 2022 Change
Revenue $339,680 $357,391 0.0%
Expenses $391,522 $314,675 +0.2%
Net Income $-51,842 $42,716 -2.2%
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
3
Independent Members
3
Employees
6
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
3
$0
Total Directors
3
$0
Key Employees
1
$37,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD BERGER PRESIDENT 5.00
Officer Director
$0 $0 $0
ZAEV SILBERSTEIN TRUSTEE 5.00
Officer Director
$0 $0 $0
HENRY KAUFTHEIL TRUSTEE 5.00
Officer Director
$0 $0 $0
MENACHEM BLOCK DIRECTOR OF OPERATIONS 35.00
Key Emp
$37,500 $0 $37,500
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
2024 $339,680 $391,522 $49,794 $-51,842
2023 $357,391 $314,675 $83,278 $42,716
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