Homeplus Care FY2021 filing

Tax-deductible

Upper Darby, PA501(c)(3)Since 2015Health CareEIN 47-5223294

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Provide affordable home health Care & social services to the community of southeastern pennsylvania. Creating jobs in the community.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$115K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
4 of 5
filings with a surplus
Average surplus $225K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$115K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$321K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.6M
+26% vs prior year
Spent
$5.1M
To programs
86%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$5.6M
FY2021▲ +26%
Revenue by fiscal year
FY2020$4.4M
FY2021$5.6M
FY2022$8.1M
FY2023$10.6M
FY2024$12.9M
Expenses
$5.1M
FY2021▲ +46%
Expenses by fiscal year
FY2020$3.5M
FY2021$5.1M
FY2022$7.1M
FY2023$9.7M
FY2024$15.2M
Net assets
$1.9M
FY2021▲ +38%
Net assets by fiscal year
FY2020$1.4M
FY2021$1.9M
FY2022$2.9M
FY2023$3.8M
FY2024$1.5M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2016.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $4.4M Management & general 14% · $685K

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

6 people listed on the 990; $115K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$114,539Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Kyong-Jin Min’s $98K as Executive Director is at the 1st percentile of top reported officer pay among 2901 $10–100M health care 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

NameFY2024FY2023FY2022FY2021FY2020
Kyong-Jin Min$97,648$110,057$123,154$114,539$80,790

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.

See Homeplus Care executive salaries →

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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

Offers affordable home health care and social services, creating local jobs.

Provided by the organization

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2 program services account for $4.4M of program spending, described in the organization's own filed words · FY2021.
01

We provide personal care services, which includes assistance with bathing, grooming, dressing, personal hygience, medication reminders, and other activities of daily living. These services are provided to people who are at risk of hospitalization or institutionalization, such as the elederly, chronically ill and disabled.

$3.1Mprogram expense
02

Homeplus care offers community based social services for those in need of various social benefits, including courses in english as a second language, job seeking assistance, health literacy education, and finance literacy education.

$1.2Mprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.6M
Ln 12
Fees for servicesLn 2g$5.6M
Money outPt IX
$5.1M
Ln 25
Programscol B$4.4M
Managementcol C$685K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$2.2M
LiabilitiesLn 26$321K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.6M
Total revenueLn 12$5.6M
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$856K
Total assetsLn 16$2.2M
LiabilitiesLn 26$321K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 5106
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$1.2M$1.1M
Land, buildings, equipmentLn 10c$76K$856K
Total assetsLn 16$1.6M$2.2M
LiabilitiesLn 26$211K$321K
Net assetsLn 32$1.4M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$4.4M$3.8M$524K
Other employee benefitsLn 9$3K$2K$320
Payroll taxesLn 10$376K$331K$45K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$19K$17K$2K
Information technologyLn 14$11K$11K
OccupancyLn 16$12K$12K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$4K$4K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$197K$173K$24K
Other expenses (24a–d)Ln 24$37K$1K$36K
Total functional expensesLn 25$5.1M$4.4M$685K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $12.9M$15.2M−$2.3M$1.5M 990 PDF
FY2023 $10.6M$9.7M$886K$3.8M 990 PDF
FY2022 $8.1M$7.1M$1.0M$2.9M 990 PDF
FY2021 Viewing $5.6M$5.1M$525K$1.9M 990 PDF
FY2020 $4.4M$3.5M$963K$1.4M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $5,594,206 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $5,594,206$5,594,206
VIII-12 Total revenueRelated to mission $0 · Unrelated business $5,594,206 · Excluded from tax $0$5,594,206
Part IX · Statement of functional expenses $5,069,559 across 15 lines filed
IX-7 Other salaries and wagesPrograms $3,842,830 · Management $524,022$4,366,852
IX-9 Other employee benefitsPrograms $2,345 · Management $320$2,665
IX-10 Payroll taxesPrograms $330,650 · Management $45,088$375,738
IX-11c Accounting feesManagement $6,750$6,750
IX-11g Other fees for servicesManagement $6,392$6,392
IX-12 Advertising and promotionPrograms $13,785$13,785
IX-13 Office expensesPrograms $16,503 · Management $2,250$18,753
IX-14 Information technologyManagement $11,483$11,483
IX-16 OccupancyManagement $12,000$12,000
IX-17 TravelManagement $2,316$2,316
IX-19 Conferences, conventions and meetingsPrograms $4,117$4,117
IX-20 InterestManagement $3,465$3,465
IX-22 Depreciation, depletion and amortizationManagement $11,271$11,271
IX-23 InsurancePrograms $173,290 · Management $23,631$196,921
IX-24 Other expenses (24a–d)Programs $1,499 · Management $35,552$37,051
IX-25 Total functional expensesPrograms $4,385,019 · Management $684,540 · Fundraising $0$5,069,559
Part X · Balance sheet $2,217,738 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,195,841$1,139,103
X-4 Accounts receivableStart of year $309,709$217,582
X-9 Prepaid expenses and deferred chargesStart of year $1,688$4,850
X-10c Land, buildings and equipment, netStart of year $75,561$856,203
X-16 Total assetsStart of year $1,582,799$2,217,738
X-17 Accounts payable and accrued expensesStart of year $122,473$231,024
X-24 Unsecured notes and loans payableStart of year $88,259$90,000
X-26 Total liabilitiesStart of year $210,732$321,024
X-27 Net assets without donor restrictionsStart of year $1,372,067$1,896,714
X-32 Total net assets or fund balancesStart of year $1,372,067$1,896,714
X-33 Total liabilities and net assetsStart of year $1,582,799$2,217,738
Part XI · Reconciliation of net assets $1,896,714 net assets at year end
XI-1 Total revenue$5,594,206
XI-2 Total expenses$5,069,559
XI-3 Revenue less expenses$524,647
XI-4 Net assets at start of year$1,372,067
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,896,714

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

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