Overview
What is Hamaspik Choice Inc?
Hamaspik Choice Inc is a nonprofit organization based in Monsey, New York, with a workforce of 293 employees. They specialize in providing managed long-term care, offering eligible members healthcare-related products and services on a partially capitated basis. Hamaspik Choice is dedicated to delivering quality healthcare coverage in a culturally sensitive, efficient, and responsive manner. Their mission centers around providing accessible and excellent healthcare solutions to their community.
Official website here: www.hamaspikchoice.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Hamaspik Choice Inc demonstrates a strong commitment to accountability and financial transparency, as evidenced by its impressive 96% score in this category. The organization has an independent board with 100% of members being independent, indicating robust governance practices and minimal conflict of interest. The charity also scored perfectly in areas such as financial audits and material management of assets, showcasing its sound financial practices.
The organization allocates a significant portion of its expenses towards its programs, with 89.18% of its spending directed to program services. This high program expense ratio reflects Hamaspik Choice Inc's focus on its mission and effective resource management. Furthermore, the presence of comprehensive policies, such as those regarding whistleblowers and conflict of interest, demonstrates a proactive approach to transparency and ethical governance.
While the ratings highlight the charity's strengths in financial health and governance, specific programmatic impact or client outcomes were not assessed in this summary. Therefore, while the financial aspects are commendable, potential donors may want to research further into the organization's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Hamaspik Choice Inc legitimate?
Hamaspik Choice Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hamaspik Choice 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: $2,185,797
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,044,841
For more financial information, click here
Official website here: www.hamaspikchoice.org
What is the mission statement of Hamaspik Choice Inc?
Hamaspik Choice Inc is dedicated to delivering quality-driven healthcare coverage with a culturally-sensitive, prompt, and responsive approach. As a managed long-term care plan, they offer eligible members various healthcare-related products and services on a partially capitated basis. Their commitment extends to ensuring access to essential health care for their members. The organization prioritizes providing its services in a manner that caters to diverse cultural backgrounds, making it a reliable choice for many individuals seeking healthcare coverage. With a focus on quality care and timely responses, Hamaspik Choice Inc strives to meet the healthcare needs of its members effectively.
Official website here: www.hamaspikchoice.org
Who is the CEO of Hamaspik Choice Inc?
Yoel Bernath is the President of Hamaspik Choice Inc.
Official website here: www.hamaspikchoice.org
What is the revenue of Hamaspik Choice Inc?
Hamaspik Choice Inc's revenue in 2022 was $92,626,820.
Official website here: www.hamaspikchoice.org
Who are the executives of Hamaspik Choice Inc and what are their salaries?
The average compensation at Hamaspik Choice Inc during 2022 was $41,743. There are 293 employees and 5 volunteers at Hamaspik Choice Inc.
Here are 16 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $718,639
- Related: $0
- Other: $8,221
- Compensation: $156,268
- Related: $0
- Other: $13,845
- Compensation: $397,040
- Related: $0
- Other: $0
- Compensation: $295,204
- Related: $0
- Other: $19,475
- Compensation: $223,633
- Related: $0
- Other: $43,682
- Compensation: $279,530
- Related: $0
- Other: $30,260
- Compensation: $192,027
- Related: $0
- Other: $9,633
- Compensation: $354,025
- Related: $0
- Other: $15,857
- Compensation: $189,043
- Related: $0
- Other: $18,568
- Compensation: $207,728
- Related: $0
- Other: $20,405
- Compensation: $217,145
- Related: $0
- Other: $11,101
Official website here: www.hamaspikchoice.org
Where can I find the form 990 for Hamaspik Choice Inc?
Hamaspik Choice Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hamaspikchoice.org
Learn more at the official website: www.hamaspikchoice.org
Mission Statement of Hamaspik Choice Inc
Hamaspik Choice Inc is a managed long-term care plan dedicated to delivering quality-driven healthcare coverage in a culturally-sensitive, efficient, and responsive manner. In simpler terms, this organization goes above and beyond to ensure eligible members have access to essential healthcare products and services when they need it most.
With a strong commitment to excellence, Hamaspik Choice Inc provides a wide range of healthcare-related offerings on a partially capitated basis. This means that, as a responsible and caring organization, Hamaspik Choice Inc takes the responsibility of managing the financial aspects of its members' healthcare needs, allowing them to focus on their well-being.
Hamaspik Choice Inc's mission is rooted in cultural sensitivity and understanding, recognizing the importance of tailoring healthcare services to meet the unique needs of various communities. By prioritizing timely and responsive care, the organization demonstrates its dedication to making a real difference in the lives of those it serves.
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Impact
October, 2024
Hamaspik Choice Inc significantly enhances the health care landscape by providing eligible members access to quality-driven health care coverage. Operating in Monsey, NY, it focuses on delivering managed long-term care plans that cater to the unique needs of its community. By ensuring that health care services and products are delivered in a culturally-sensitive, timely, and responsive manner, Hamaspik Choice empowers individuals to navigate their health care journey with greater confidence and support. Its commitment to excellence not only improves individual health outcomes but also fosters a more inclusive and equitable health care system for those it serves.
This information is meant to be a general summary of Hamaspik Choice 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: $1,308,161
- Program Service Revenue: $91,318,659
- Gross Receipts: $93,609,588
Assets and Liabilities:
- Total Assets: $66,121,497
- Total Liabilities: $17,911,477
- Net Assets: $48,210,020
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAID REVENUE
Revenue
$89,758,038
QUALITY INCENTIVE POOL AWARD
Revenue
$1,016,986
PATIENT SURPLUS
Revenue
$543,635
Organization Details
Founding Year
2012
Phone
(855) 552-4642Principal Officer
Yoel Bernath
Main Address
58 ROUTE 59 1, MONSEY, NY, 10952
Website
www.hamaspikchoice.orgNTEE Category
Code: E92 - Health
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