Fhmc INC FY2020 filing

Tax-deductible

New York, NY501(c)(3)Since 1995EmploymentEIN 13-3809029Revenue $6.3M in FY2020

On file with the IRSpgcmh.org158 E 35th St, 10016-4102 · New York, NYTax-exempt since Oct 1996Publicly supported — 509(a)(2)

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Fhmc, INC., is organized and shall be operated exclusively for charitable purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as now in effect or as may hereafter be amended (the "code"). The specific purposes for which Fhmc, INC., is organized and shall be operated are providing financial; technical; real estate holding, leasing, operation and development; management; administrative; and similar support and assistance in respect of activities and initiatives directed by its sole member, postgraduate center for mental health.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$110K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.9M a year · 89% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$110K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
411 mo
of spending, in cash
Looks good: 411.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 4 voting members
Worth a look: 1 of 4 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.3M
Spent
$328K
To programs
99%
Net assets
$43.4M
By yearFY2020–FY2024
Revenue
$6.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$6.3M
FY2021$824K
FY2022$1.9M
FY2023$5.0M
FY2024$2.5M
FY2024$2.4M
Expenses
$328K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$328K
FY2021$301K
FY2022$336K
FY2023$457K
FY2024$466K
FY2024$371K
Net assets
$43.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$43.4M
FY2021$44.7M
FY2022$44.6M
FY2023$49.9M
FY2024$51.9M
FY2024$53.9M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $325K Management & general 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $110K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Secretary & Treasurer
$93,287Pt VII · Sec A
Former Vice President Thru January 2019
$17,183Pt VII · Sec A
CEO of Pcmh, Fhmc, & Chc
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Edawne McIntosh’s $101K as Secretary & Treasurer is at the 27th percentile of top reported officer pay among 1246 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Edawne McIntosh$100,958$93,287
William Leonelli—$17,183

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides financial, technical, and real estate support for mental health initiatives.

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Provided by the organization

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1 program · $325K · in their own filed words · FY2019
01

FHMC, inc., is organized and operates to provide financial; technical; real estate holding, leasing, operation and development; management; administrative; and similar support and assistance in respect of activities and initiatives directed by its sole member, postgraduate center for mental health.

$325Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6.3M
Ln 12
Fees for servicesLn 2g$5.6M
Investment incomeLn 3$675K
Money outPt IX
$328K
Ln 25
Programscol B$325K
Managementcol C$3K
Owns and owesPt X
$43.4M
net assets · Ln 32
Cash and savingsLn 1–2$11.2M
Total assetsLn 16$44.6M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.6M
Investment incomeLn 3$675K
Gains on assetsLn 7−$99K
Total revenueLn 12$6.3M
Assets in detailPt X, end of year
SavingsLn 2$11.2M
Cash and savings togetherLn 1–2$11.2M
InvestmentsLn 11–13$17.4M
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$16.0M
Total assetsLn 16$44.6M
LiabilitiesLn 26$1.2M
Net assetsLn 32$43.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$10.7M$11.2M
InvestmentsLn 11–13$13.5M$17.4M
Land, buildings, equipmentLn 10c$9K$3K
Total assetsLn 16$37.7M$44.6M
LiabilitiesLn 26$350K$1.2M
Net assetsLn 32$37.4M$43.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$188$188
Office expensesLn 13$27K$27K
Information technologyLn 14$1K$1K
TravelLn 17$872$872
Conferences, conventions and meetingsLn 19$11K$11K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$276K$276K
Total functional expensesLn 25$328K$325K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.5M$466K$2.0M$51.9M 990 PDF
FY2023 $5.0M$457K$4.5M$49.9M 990 PDF
FY2022 $1.9M$336K$1.5M$44.6M 990 PDF
FY2021 $824K$301K$524K$44.7M 990 PDF
FY2020 Viewing $6.3M$328K$6.0M$43.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $6,279,568 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,449,600$5,604,302
I-10 Investment incomePrior year $683,309$675,266
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,132,909$6,279,568
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $632,653$327,746
I-18 Total expensesPrior year $632,653$327,746
I-19 Revenue less expensesPrior year $1,500,256$5,951,822
Part VI · Governance 1 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $6,279,568 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,604,302$5,604,302
VIII-3 Investment incomeExcluded from tax $774,654$774,654
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$99,388−$99,388
VIII-12 Total revenueRelated to mission $5,604,302 · Unrelated business $0 · Excluded from tax $675,266$6,279,568
Part IX · Statement of functional expenses $327,746 across 9 lines filed
IX-11c Accounting feesManagement $3,000$3,000
IX-11g Other fees for servicesManagement $188$188
IX-13 Office expensesPrograms $26,923$26,923
IX-14 Information technologyPrograms $1,257$1,257
IX-17 TravelPrograms $872$872
IX-19 Conferences, conventions and meetingsPrograms $11,377$11,377
IX-22 Depreciation, depletion and amortizationPrograms $6,246$6,246
IX-23 InsurancePrograms $1,605$1,605
IX-24 Other expenses (24a–d)Programs $276,278$276,278
IX-25 Total functional expensesPrograms $324,558 · Management $3,188 · Fundraising $0$327,746
Part X · Balance sheet $44,615,481 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $10,693,989$11,234,739
X-10c Land, buildings and equipment, netStart of year $9,369$3,123
X-11 Publicly traded securitiesStart of year $12,914,540$13,882,852
X-12 Other securities$418,314
X-13 Program-related investmentsStart of year $536,356$3,061,287
X-15 Other assetsStart of year $13,582,498$16,015,166
X-16 Total assetsStart of year $37,736,752$44,615,481
X-17 Accounts payable and accrued expensesStart of year $57,776$57,994
X-19 Deferred revenueStart of year $292,454$1,142,236
X-26 Total liabilitiesStart of year $350,230$1,200,230
X-27 Net assets without donor restrictionsStart of year $37,386,522$43,415,251
X-32 Total net assets or fund balancesStart of year $37,386,522$43,415,251
X-33 Total liabilities and net assetsStart of year $37,736,752$44,615,481
Part XI · Reconciliation of net assets $43,415,251 net assets at year end
XI-1 Total revenue$6,279,568
XI-2 Total expenses$327,746
XI-3 Revenue less expenses$5,951,822
XI-4 Net assets at start of year$37,386,522
XI-5 Net unrealized gains (losses) on investments$76,907
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$43,415,251

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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