Lsa Recovery INC

Brooklyn, NYUnknown exempt organization EIN 47-3362066Revenue $1.3M in FY2021

On file with the IRSinterborough.org1623 Kings Highway · Brooklyn, NY

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To provide chemical dependence, alcoholism and substance abuse services.

87¢ of each $1 spent went to programs.
Run by 1 volunteers and 33 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $345K a year · 16% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$285K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
-57% vs prior year
Spent
$1.3M
To programs
87%
Net assets
$0
By yearFY2020–FY2021
Revenue
$1.3M
FY2021▼ -57%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$1.3M
Expenses
$1.3M
FY2021▼ -45%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$1.3M
Net assets
$0
FY2021▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2020−$606K
FY2021$0

From the FY2021 Form 990 (year ending January 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.2M Management & general 13% · $174K

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

9 people listed on the 990; $285K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Medical Doctor
$203,132Pt VII · Sec A
Chief Operating Officer
$34,414Pt VII · Sec A
Chief Financial Officer
$26,633Pt VII · Sec A
Chief Executive Officer
$21,181Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2021FY2020
Inna Markhasina$203,132$131,625
Stephen Gersten$21,181$37,461
Abram Gersten$34,414$20,947
Mordechai Schechter$26,633$11,964

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers services for chemical dependence, alcoholism, and substance abuse.

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2020
01

Provide substance abuse services to all segments of the community. An average of 1,620 sessions were performed monthly, and 584 clients were seen during fiscal year ended jan 06, 2021.

$1.2Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$199K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.2M
Managementcol C$174K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$199K
Government grantsLn 1e$174K
Fees for servicesLn 2g$1.1M
Gains on assetsLn 7$0
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 533
VolunteersI 61
Fiscal year endsHeaderJanuary
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$308K$0
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$113K$0
Total assetsLn 16$1.3M$0
LiabilitiesLn 26$1.9M$0
Net assetsLn 32−$606K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$47K$47K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$567K$567K
Pension plan contributionsLn 8$1K$1K
Other employee benefitsLn 9$36K$36K
Payroll taxesLn 10$43K$43K
Management feesLn 11a$65K$65K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$19K$19K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$109K$107K$3K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$41K$41K$240
Information technologyLn 14$16K$16K
RoyaltiesLn 15$0
OccupancyLn 16$167K$167K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$19K$19K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$42K$21K$21K
InsuranceLn 23$11K$11K$456
Other expenses (24a–d)Ln 24$132K$132K$0$0
Total functional expensesLn 25$1.3M$1.2M$174K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $1.3M$1.3M−$4K$0 990 PDF
FY2020 $3.1M$2.4M$694K−$606K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,321,171 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $75,000$199,389
I-9 Program service revenuePrior year $1,719,231$1,121,782
I-10 Investment incomePrior year $208$0
I-11 Other revenuePrior year $1,301,216$0
I-12 Total revenuePrior year $3,095,655$1,321,171
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 $1,313,262$694,405
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,088,453$630,339
I-18 Total expensesPrior year $2,401,715$1,324,744
I-19 Revenue less expensesPrior year $693,940−$3,573
Part VI · Governance 4 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,321,171 across 10 lines filed
VIII-1e Government grants$174,389
VIII-1f All other contributions, gifts and grants$25,000
VIII-1h Total contributions, gifts and grants$199,389
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,121,782$1,121,782
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,121,782$1,321,171
Part IX · Statement of functional expenses $1,324,744 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $46,998$46,998
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $567,297$567,297
IX-8 Pension plan contributionsPrograms $1,097$1,097
IX-9 Other employee benefitsPrograms $35,950$35,950
IX-10 Payroll taxesPrograms $43,063$43,063
IX-11a Management feesManagement $65,349$65,349
IX-11b Legal feesPrograms $5,782$5,782
IX-11c Accounting feesManagement $19,051$19,051
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $106,522 · Management $2,909$109,431
IX-12 Advertising and promotionPrograms $1,811$1,811
IX-13 Office expensesPrograms $40,829 · Management $240$41,069
IX-14 Information technologyPrograms $16,395$16,395
IX-15 Royalties$0
IX-16 OccupancyPrograms $167,117$167,117
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $1,137$1,137
IX-20 InterestManagement $18,701$18,701
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $21,196 · Management $20,667$41,863
IX-23 InsurancePrograms $10,515 · Management $456$10,971
IX-24 Other expenses (24a–d)Programs $131,662 · Management $0 · Fundraising $0$131,662
IX-25 Total functional expensesPrograms $1,150,373 · Management $174,371 · Fundraising $0$1,324,744
Part X · Balance sheet $0 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $129,094$0
X-2 Savings and temporary cash investmentsStart of year $179,377$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $395,909$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $19,064$0
X-10c Land, buildings and equipment, netStart of year $113,082$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $436,939$0
X-16 Total assetsStart of year $1,273,465$0
X-17 Accounts payable and accrued expensesStart of year $78,504$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $81,327$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $1,720,066$0
X-26 Total liabilitiesStart of year $1,879,897$0
X-27 Net assets without donor restrictionsStart of year −$606,432$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$606,432$0
X-33 Total liabilities and net assetsStart of year $1,273,465$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$1,321,171
XI-2 Total expenses$1,324,744
XI-3 Revenue less expenses−$3,573
XI-4 Net assets at start of year−$606,432
XI-9 Other changes in net assets$609,996
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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