Overview
What is Fhmc Inc?
Fhmc Inc, situated in New York City, New York, serves as a charitable organization with a primary focus on offering financial, technical, real estate, operational, and administrative support to its sole member, the Postgraduate Center for Mental Health. As a nonprofit entity, Fhmc Inc operates under Section 501(c)(3) of the Internal Revenue Code, contributing to initiatives directed by its member. The organization's mission is to enhance and support the activities of the Postgraduate Center for Mental Health, thereby contributing to the broader mental health sector.
Official website here: www.pgcmh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating
Fhmc Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in various areas of accountability and governance. While the organization excels in financial management, as evidenced by a high program expense ratio and an excellent audit score, it falls short in critical governance practices. Key areas such as board independence and conflict of interest policies were not adequately addressed, which raises concerns about oversight and transparency.
The financial aspects of Fhmc Inc are notably strong, particularly in their program expenses, suggesting that a significant portion of their funding is directed towards their mission. However, the lack of independent board members and the absence of critical governance policies may compromise the organization's overall integrity and effectiveness. Such deficiencies could impact donor confidence and long-term sustainability.
In summary, while Fhmc Inc demonstrates strong financial performance, the absence of proper governance measures could hinder its operational effectiveness. Addressing these limitations would be essential for enhancing their accountability and ensuring that they can fulfill their mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Fhmc Inc legitimate?
Fhmc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fhmc Inc 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: $0
For more financial information, click here
Official website here: www.pgcmh.org
What is the mission statement of Fhmc Inc?
Fhmc Inc, as a charitable organization, is established with the primary purpose of providing financial, technical, real estate, operational, and administrative support to the initiatives directed by its sole member, the Postgraduate Center for Mental Health. Operating under Section 501(C)(3) of the Internal Revenue Code, Fhmc Inc's mission is to offer assistance in various capacities to further the activities and projects of the Postgraduate Center for Mental Health. The organization's objectives are aligned with charitable intentions, aiming to contribute to the betterment of mental health services and related endeavors.
Official website here: www.pgcmh.org
Who is the CEO of Fhmc Inc?
Jacob Barak Phd is the Ceo Of Pcmh, Fhmc, & Chc of Fhmc Inc. The CEO's salary of Fhmc Inc is $0 and their total compensation is $927,435.
Official website here: www.pgcmh.org
What is the revenue of Fhmc Inc?
Fhmc Inc's revenue in 2022 was $1,870,332.
Official website here: www.pgcmh.org
Who are the executives of Fhmc Inc and what are their salaries?
There 4 volunteers at Fhmc Inc.
Here are 4 key members and their salaries (Fhmc Inc's CEO's salary is $0 and their total compensation is $927,435):
- Compensation: $0
- Related: $769,110
- Other: $158,325
- Compensation: $0
- Related: $139,978
- Other: $9,313
- Compensation: $0
- Related: $106,256
- Other: $13,650
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pgcmh.org
Where can I find the form 990 for Fhmc Inc?
Fhmc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pgcmh.org
Learn more at the official website: www.pgcmh.org
Mission Statement of Fhmc Inc
FHMC Inc, a nonprofit organization, is established with a charitable purpose, as per the Internal Revenue Code of 1986. Its primary mission is to provide financial, technical, real estate holding, leasing, operation, and development, management, and administrative support and assistance to the activities and initiatives directed by its sole member, the Postgraduate Center for Mental Health. In simpler terms, FHMC Inc exists to aid and assist the Postgraduate Center for Mental Health in its various projects and initiatives, contributing financially and with its expertise in various areas. The organization operates with the goal of making a positive impact on mental health-related activities, demonstrating its commitment to charitable causes.
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Impact
October, 2024
Fhmc Inc plays a significant role in supporting the Postgraduate Center for Mental Health by providing a wide range of essential services. The organization focuses on delivering financial and technical assistance, as well as real estate holding, leasing, and development. Through these activities, Fhmc Inc facilitates the effective management and operation of initiatives aimed at enhancing mental health services.
By ensuring that the Postgraduate Center has the necessary resources and support, Fhmc Inc contributes to the broader mission of improving mental health care. Its activities not only support administrative and operational functions, but also enhance the overall capacity of mental health programs, ultimately benefiting the community in New York and beyond.
The impact of Fhmc Inc is felt through the elevation of mental health services, creating an environment where dedicated initiatives can thrive. This, in turn, fosters better mental health outcomes for individuals and families seeking support, leading to a healthier society.
This information is meant to be a general summary of Fhmc Inc. 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: $907,675
- Program Service Revenue: $962,657
- Gross Receipts: $7,750,549
Assets and Liabilities:
- Total Assets: $45,899,661
- Total Liabilities: $1,262,352
- Net Assets: $44,637,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPERS FEES
Revenue
$962,657
Organization Details
Founding Year
1995
Phone
(212) 889-5500Principal Officer
Jacob Barak Phd
Main Address
158 EAST 35TH STREET, NEW YORK, NY, 10016
Website
www.pgcmh.orgNTEE Category
Code: J30 - Employment
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