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Simcha INC EIN 20-8287637

Simcha INC

EIN  20-8287637 Public charity (501(c)(3)) Pepper Pike, OH Founded 2006
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Size
$100K–1M
What they do
Provides housing for low-income individuals with developmental disabilities.
Leadership
Robert Danzinger · President
Money in and out
$156K revenue, $184K expenses
Bottom line
75% program efficiency

Provides housing for low-income individuals with developmental disabilities. For fiscal year 2024 it reported $156K in revenue, $184K in expenses, and $-317K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$156K
Pt VIII · Ln 12
Total expenses
$184K
Pt IX · Ln 25
Net assets
$-317K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$28K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.25
Program efficiency
75%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
1.8mo
months of highly liquid reserves at operating expense rate▲ +6% vs prior filing year
Surplus margin
-18%
revenue over expenses, this year▼ -170% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$156K
FY2024▼ -2%
Expenses
$184K
FY2024▲ +9%
Total assets
$861K
FY2024▼ -1%
Total liabilities
$1.2M
FY2024▲ +1%
Total revenue
$156K
Pt VIII · Ln 12
Total expenses
$184K
Pt IX · Ln 25
Net assets
$-317K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$28K
Total assetsPt X · Ln 16$861K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

1 program service account for $137K of program spending, described in the organization's own filed words · FY2024.
01

Residential apartment providing housing for eleven low-income individuals with serious developmental disabilities that allow the individuals to continue living in the community and thereby keeping them from having to be maintained at more expensive government operated facilities

$137Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSimcha INC
EINHdr · item D20-8287637
Principal addressHdr · item CPepper Pike, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2006
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFJun 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Adam Gimbel
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Dick Halle
Director
$0Pt VII · Sec A

David Hlavac’s $5K as Vice President and CFO is at the 4th percentile of top reported officer pay among 849 $100K–1M housing 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 · 1 named individual · Part VII

NameFY2021FY2020
David Hlavac$5,181$5,283

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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Statement of Revenue

Part VIII
Program service revenue100%$156K
Investment income$7
Total revenueLn 12$156K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.25
Program services75%$137K
Management & general25%$47K
Total functional expensesLn 25$184K

Balance Sheet

Part X · end of year
CashLn 1$27K
Total assetsLn 16$861K
Total liabilitiesLn 26$1.2M
Total net assetsLn 32$-317K
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $27K · Operating expenses/yr $184K
1.8 months
Where the money goes
Program services
Program services $137K · Total expenses $184K
75%
Management & General
Management & general $47K · Total expenses $184K
25%
Fundraising
Fundraising $0 · Total expenses $184K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $8K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $156K
0%
Government reliance
Government grants — · Total revenue $156K
—
Earned-income share
Program service revenue $156K · Total revenue $156K
100%
Investment reliance
Investment income $7 · Total revenue $156K
0%
Program self-sufficiency
Program service revenue $156K · Total expenses $184K
85%
Growth & trend
Revenue growth (YoY)
This year $156K · Prior year $158K
-2%
Revenue CAGR
FY2019 $106K · FY2024 $156K
+8%
Net-asset trend (YoY)
End of year $-317K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $156K · Expenses $184K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $861K
—
Net-asset ratio
Net assets $-317K · Total assets $861K
-37%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $861K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert Danzinger · Reported title President · Highest reported compensation $0 · Total expenses $184K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $29K · Total expenses $184K
16%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%——
Overhead ratio 25%——
Revenue growth -2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$158K revenue · ⤓ 990 PDF
FY2023$128K revenue · ⤓ 990 PDF
FY2022$122K revenue · ⤓ 990 PDF
FY2021$110K revenue · ⤓ 990 PDF
FY2020$106K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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