Overview
What is Hudson East River Systems Llc?
Hudson East River Systems Llc is a New York-based nonprofit organization dedicated to managing and investing the non-ERISA investment assets of its members. Their primary mission is to support the delivery of healthcare to the public by championing the efforts of the company's members. The organization conducts various activities to further and accomplish these purposes, ensuring their initiatives do not compromise their tax-exempt status.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39% (Zero-Star out of Four Stars)
Hudson East River Systems LLC has received a low rating of 39% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization lacks independent board members, which has heavily impacted its score, especially in the areas of governance and oversight. The absence of independent members suggests potential conflicts of interest and raises questions about the board's effectiveness.
Despite some positive aspects, such as the presence of key policies like conflict of interest and whistleblower protections, the nonprofit struggles with transparency. Important documents, including the tax form and financial statements, are not made readily available on its website, which is critical for building trust with donors and stakeholders.
Furthermore, the financial metrics indicate troubling signs, with a program expense ratio of 0.00%. This suggests that the organization may not be allocating funds towards its intended programs, which is a serious concern for supporters and funders alike. Overall, the rating reflects a need for substantial improvements in governance, transparency, and program funding.
This AI summary has been generated from information found on Charity Navigator.
Is Hudson East River Systems Llc legitimate?
Hudson East River Systems Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hudson East River Systems Llc 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
What is the mission statement of Hudson East River Systems Llc?
Hudson East River Systems Llc is dedicated to managing and investing the non-ERISA investment assets of its members, while supporting the delivery of healthcare to the public. The organization's primary mission is to use its resources to further this cause and accomplish related purposes. It may conduct any additional activities that are beneficial to the achievement of these objectives, as long as they do not jeopardize the company's tax-exempt status. Essentially, Hudson East River Systems Llc serves its members by managing their investments and contributing to healthcare efforts for the greater good.
Who is the CEO of Hudson East River Systems Llc?
Unavailable
What is the revenue of Hudson East River Systems Llc?
Hudson East River Systems Llc's revenue in 2022 was $13,155,793.
Who are the executives of Hudson East River Systems Llc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $1,981,141
- Other: $36,245
- Compensation: $0
- Related: $2,214,819
- Other: $78,240
- Compensation: $0
- Related: $739,004
- Other: $87,735
- Compensation: $0
- Related: $1,140,433
- Other: $100,243
- Compensation: $0
- Related: $893,657
- Other: $37,967
Where can I find the form 990 for Hudson East River Systems Llc?
Hudson East River Systems Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hudson East River Systems Llc
Hudson East River Systems Llc, a mission-driven organization, is dedicated to managing and investing the non-ERISA investment assets of its members. By doing so, it plays a crucial role in supporting the delivery of healthcare to the public. The company's primary focus is on ensuring the financial well-being of its members, enabling them to devote their resources and energy toward the provision of healthcare services.
In addition to its investment functions, Hudson East River Systems Llc extends its support to its members in various ways. It conducts activities that are useful, desirable, or necessary for furthering the organization's purposes, as long as these activities do not jeopardize its tax-exempt status. These additional endeavors may include offering operational support, facilitating collaboration among members, or providing guidance on best practices within the healthcare industry. Through its multifaceted efforts, Hudson East River Systems Llc acts as a vital partner to its members, fostering their success and, in turn, contributing to the overall improvement of healthcare delivery to the public.
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Impact
October, 2024
Hudson East River Systems LLC plays a significant role in supporting the healthcare sector by managing and investing the non-ERISA investment assets of its members. Through its activities, it aims to enhance the delivery of healthcare services to the public. By efficiently managing investment assets, the organization contributes to the financial stability and growth of its members, enabling them to focus on providing critical health services.
Moreover, Hudson East River Systems LLC engages in various supportive activities that further its mission, ensuring that its members have the resources they need to operate effectively. This strategic focus not only enhances the operational capabilities of its members but also positively impacts the overall healthcare landscape in the community it serves. By fostering a robust financial foundation for its members, the organization ultimately helps improve healthcare outcomes for the public.
This information is meant to be a general summary of Hudson East River Systems Llc. 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: $13,155,793
- Gross Receipts: $2,171,868,621
Assets and Liabilities:
- Total Assets: $9,508,016,816
- Total Liabilities: $9,508,016,816
- Net Assets: $0
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Organization Details
Founding Year
2017
Phone
(212) 297-4255Main Address
525 EAST 68TH STREET BOX 156, NEW YORK, NY, 10065
NTEE Category
Code: E12 - Health
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