Overview
What is Boomhealth?
Boomhealth is a harm reduction organization situated in New York, specifically in the Bronx, with a mission to empower individuals at risk of illness, substance abuse, homelessness, and poverty. Their primary focus is on HIV prevention, serving over 3,000 individuals annually through outreach, education, and prevention services. Their programs cater to diverse populations, such as adolescent girls, young gay men, adult gay men, African American and Latino women, and substance users. Boomhealth promotes HIV testing, ensures linkage to care, and provides comprehensive HIV education using evidence-based risk reduction models tailored to each population's specific needs. With a workforce of 123 employees, Boomhealth integrates health, legal, and social services to create a seamless continuum of prevention and care, aiming to transform lives through health and wellness.
Official website here: www.boomhealth.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 72%, Two-Star out of Four Star rating.
Boomhealth has received a Two-Star rating, reflecting a score of 72% based solely on its Accountability & Finance metrics. The organization demonstrates strong governance practices, with a fully independent board and effective oversight, receiving top marks for its conflict of interest and whistleblower policies. Key strengths include a high program expense ratio of 80.84%, indicating a significant portion of funds directed towards its programs.
However, the organization faces notable limitations in its financial health metrics, particularly with a liabilities-to-assets ratio of 137.38% and a negative working capital ratio of -0.49 years. These financial challenges suggest potential sustainability issues that may impact its operations in the long term. Additionally, the fundraising efficiency ratio is extremely low at $0.002, indicating that the organization may not be effectively generating revenue through fundraising initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Boomhealth?
90% of 40 reviewers on Facebook recommend Boomhealth. Here is a summary of their reviews:
Overall sentiment towards Boomhealth is mixed. While many appreciate the services offered and the positive impact they believe the organization has on the community, there are significant concerns raised by some users. Specific grievances include issues with cleanliness and the effectiveness of appointments, suggesting that some clients have had negative experiences that overshadow the positive aspects.
While a majority of reviewers see the potential in Boomhealth’s mission and support its effectiveness, the notable complaints indicate that improvements may be needed in certain areas to ensure a better experience for all patrons.
This AI summary has been generated from reviews found on Facebook.
Is Boomhealth legitimate?
Boomhealth is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boomhealth submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,006,938
For more financial information, click here
Official website here: www.boomhealth.org
What is the mission statement of Boomhealth?
Boomhealth is a harm reduction organization with a mission to empower individuals who are living with illness, substance abuse, homelessness, and poverty, and are at the highest risk, to achieve their full potential. They accomplish this by integrating health, legal, and social services to create a seamless continuum of prevention and care. The goal is to transform lives through health and wellness, aiming to improve the overall quality of life for these individuals.
Official website here: www.boomhealth.org
Who is the CEO of Boomhealth?
Richard Weiss is the Chair of Boomhealth. The CEO's salary of Boomhealth is $0 and their total compensation is $486,838.
Official website here: www.boomhealth.org
What is the revenue of Boomhealth?
Boomhealth's revenue in 2022 was $8,495,955.
Official website here: www.boomhealth.org
Who are the executives of Boomhealth and what are their salaries?
The average compensation at Boomhealth during 2022 was $32,577. There are 123 employees and 10 volunteers at Boomhealth.
Here are 14 key members and their salaries (Boomhealth's CEO's salary is $0 and their total compensation is $486,838):
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- Related: $430,046
- Other: $56,792
- Compensation: $0
- Related: $259,235
- Other: $38,859
- Compensation: $0
- Related: $277,797
- Other: $29,911
- Compensation: $115,710
- Related: $0
- Other: $8,824
Official website here: www.boomhealth.org
Where can I find the form 990 for Boomhealth?
Boomhealth's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.boomhealth.org
Learn more at the official website: www.boomhealth.org
Mission Statement of Boomhealth
Boomhealth, a harm reduction organization, is committed to empowering individuals living with or at high risk of illness, substance abuse, homelessness, and poverty in New York City. Their mission is to help these individuals realize their full potential by integrating health, legal, and social services to create a seamless continuum of prevention and care. Boomhealth's ultimate goal is to transform lives through health and wellness. The organization is dedicated to empowering its clients, providing them with the tools and resources needed to overcome their challenges and improve their overall quality of life.
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Impact
August, 2024
Boomhealth's impact is significant in empowering New Yorkers living with and at the highest risk for illness, substance abuse, homelessness, and poverty to realize their full potential. By integrating health, legal, and social services to create a seamless continuum of prevention and care, Boomhealth aims to transform lives through health and wellness. Their prevention services provide outreach, education, and prevention services to individuals considered at risk of contracting or transmitting the HIV virus. Annually, the prevention department serves over 3,000 people through various programs tailored to specific populations such as adolescent girls, young gay men, adult gay men, African American and Latino women, and substance users. Boomhealth's evidence-based risk reduction models have a direct and positive impact on these communities in the Bronx, NY.
This information is meant to be a general summary of Boomhealth. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $306,000
- Program Service Revenue: $1,686,801
- Gross Receipts: $8,605,089
Assets and Liabilities:
- Total Assets: $11,488,774
- Total Liabilities: $14,300,648
- Net Assets: -$2,811,874
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAID
Revenue
$1,686,801
Organization Details
Founding Year
1990
Phone
(718) 401-5700Principal Officer
Richard Weiss
Main Address
760 EAST 160TH STREET, BRONX, NY, 10456
Website
www.boomhealth.orgNTEE Category
Code: G81 - Disease
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