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Hebrew Homes Captive Services Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 651040931 ✦ East brunswick, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Hebrew Homes Captive Services Inc?

Hebrew Homes Captive Services Inc is a small-scale nonprofit organization situated in East Brunswick, New Jersey. With just two employees, this entity focuses on offering self-funded liability and workers' compensation insurance services to the Hebrew Homes Health Network, Inc. and related 501(C)(3) entities. Their primary mission is to provide self-insurance solutions to their affiliated nonprofit entities.

Is Hebrew Homes Captive Services Inc legitimate?

Hebrew Homes Captive Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hebrew Homes Captive Services 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: $250,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Hebrew Homes Captive Services Inc?

Hebrew Homes Captive Services Inc is committed to offering self-insurance solutions to its affiliated 501(C)(3) entities. This mission is centered around providing financial protection for these entities, specifically through liability and workers' compensation insurance. By doing so, Hebrew Homes Captive Services Inc contributes to the financial stability and risk management of its network. The organization primarily caters to the Hebrew Homes Health Network, Inc. and other associated 501(C)(3) entities, providing them with customized insurance solutions.

Who is the CEO of Hebrew Homes Captive Services Inc?

Harry Fruhman is the Chief Executive Officer of Hebrew Homes Captive Services Inc. The CEO's salary of Hebrew Homes Captive Services Inc is $0 and their total compensation is $285,022.

What is the revenue of Hebrew Homes Captive Services Inc?

Hebrew Homes Captive Services Inc's revenue in 2022 was $400,000.

Who are the executives of Hebrew Homes Captive Services Inc and what are their salaries?

The average compensation at Hebrew Homes Captive Services Inc during 2022 was $125,000. There are 2 employees at Hebrew Homes Captive Services Inc.


Here are 8 key members and their salaries (Hebrew Homes Captive Services Inc's CEO's salary is $0 and their total compensation is $285,022):


Harry Fruhman (Chief Executive Officer)
  • Compensation: $0
  • Related: $285,022
  • Other: $0
Ben Rozasansky (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Wasserman (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Brent (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Jotkoff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mickey Minagorri (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danylle Ross (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Abraham Galbut (Administrator)
  • Compensation: $196,000
  • Related: $0
  • Other: $0
Where can I find the form 990 for Hebrew Homes Captive Services Inc?

Hebrew Homes Captive Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Hebrew Homes Captive Services Inc

Hebrew Homes Captive Services Inc is an organization with a unique mission. Its primary objective is to offer self-insurance services to its affiliated 501(C)(3) entities. This means that the organization provides liability and workers' compensation insurance on a self-funded basis. Among the entities it serves is Hebrew Homes Health Network, Inc., further underscoring its commitment to supporting non-profit organizations. By providing this service, Hebrew Homes Captive Services Inc plays a crucial role in safeguarding these organizations from potential financial liabilities, thereby enabling them to focus on their respective missions and serve their communities effectively.

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Impact




October, 2024

Hebrew Homes Captive Services Inc plays a crucial role in ensuring the financial stability and risk management of the Hebrew Homes Health Network and its associated 501(c)(3) entities. By offering self-funded liability and workers' compensation insurance, the organization helps mitigate the financial risks faced by these health care providers. This capability allows affiliated entities to focus on delivering quality care without the added burden of fluctuating insurance costs.

Operating out of East Brunswick, NJ, Hebrew Homes Captive Services Inc has a significant impact on the sustainability of healthcare services in the community. By providing tailored insurance solutions, it fosters an environment where healthcare organizations can operate more efficiently, ultimately benefiting patients and staff alike. This self-insurance model not only enhances the financial resilience of these entities but also promotes a culture of shared responsibility and commitment within the health network, contributing positively to the overall healthcare landscape.




This information is meant to be a general summary of Hebrew Homes Captive Services 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.

Revenue
$400,000 (2022)
Expenses
$1,277,855 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $400,000

Assets and Liabilities:

  • Total Assets: $131,392
  • Total Liabilities: $2,294,728
  • Net Assets: -$2,163,336

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Organization Details

Founding Year

2000

Principal Officer

Harry Fruhman

Main Address

4 FRANKLIN COURT, East Brunswick, NJ, 08816

NTEE Category

Code: E190 - Health

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