Innovative Care Solutions INC

Tax-deductible

Brooklyn, NY501(c)(3)Human ServicesEIN 82-2880211Revenue $449K in FY2024

On file with the IRSicstrustservices.org1817 60th St 1st Floor, 11204-2321 · Brooklyn, NYTax-exempt since Jun 2018Publicly supported charity — 170(b)(1)(A)(vi)

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The organization provides various social service programs for the benefit of disabled and special needs individuals as well as helping promote orthodox jewish religious education.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 1 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
0 of 5
filings with a surplus
Average deficit $39K a year · 8% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$130K
to officers and key staff · 28% of spending
Top officer’s pay higher than 61% of similar orgs
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$191K
×2168 of total assets
Concern: liabilities are 216800% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$449K
-23% vs prior year
Spent
$466K
To programs
72%
Net assets
−$191K
By yearFY2020–FY2024
Revenue
$449K
FY2024▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$302K
FY2021$382K
FY2022$642K
FY2023$584K
FY2024$449K
Expenses
$466K
FY2024▼ -22%
Tap a bar for its year
Expenses by fiscal year
FY2020$315K
FY2021$501K
FY2022$671K
FY2023$601K
FY2024$466K
Net assets
−$191K
FY2024▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020−$11K
FY2021−$129K
FY2022−$158K
FY2023−$174K
FY2024−$191K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2018.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $335K Management & general 28% · $130K

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

3 people listed on the 990; $130K paid to officers and key staff.

Part VII, Section A · reportable compensation
$70,000Pt VII · Sec A
$59,500Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Chaim Pollak’s $70K as CEO is at the 61st percentile of top reported officer pay among 2168 $100K–1M human services 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

NameFY2024FY2023FY2022FY2021FY2020
Chaim Pollak$70,000$120,000$120,000$112,840$102,000
Florence Pollak$59,500$102,000$102,000$80,260$75,000

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 social services for disabled individuals and promotes Orthodox Jewish religious education.

Provided by the organization

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2 programs · $335K · in their own filed words · FY2024
01

The organization generates revenue from managing pooled medicaid trusts service programs for the benefit of disabled and special needs individuals in new york. The organization was established to manage pooled medicaid trusts pursuant to ny social services law section 366(2)(B)(III).

$234Kprogram expense
02

The organization uses its proceeds to promote orthodox jewish religious education and to provide various social service programs for the benefit of the disabled and special needs individuals.

$102Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 20 grants · $323K · 2020–2024
Ohel Sholmo DovNY · FY2024$57,925
Cong Beis Meir INCNY · FY2024$11,650
Congregation Bnos ChayaNY · FY2024$7,350
Ohel Sholmo DovNY · FY2023$53,825
Cong Beis Meir INCNY · FY2023$10,600
Congregation Bnos ChayaNY · FY2023$7,700
Ohel Sholmo DovNY · FY2022$26,800
Congregation Bnos ChayaNY · FY2022$9,000
Cong Beis Meir INCNY · FY2022$5,400
Rayim of Hudson Valley INCNY · FY2021$18,000
Congregation Bnos ChayaNY · FY2021$9,875
See all 20 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$449K
Ln 12
Fees for servicesLn 2g$449K
Money outPt IX
$466K
Ln 25
Programscol B$335K
Managementcol C$130K
Owns and owesPt X
−$191K
net assets · Ln 32
Cash and savingsLn 1–2$88
Total assetsLn 16$88
LiabilitiesLn 26$191K
PeoplePt VI, VII
3
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$449K
Total revenueLn 12$449K
Assets in detailPt X, end of year
CashLn 1$88
Cash and savings togetherLn 1–2$88
Total assetsLn 16$88
LiabilitiesLn 26$191K
Net assetsLn 32−$191K
OperationsPt I, VI
EmployeesI 53
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4K$88
Total assetsLn 16$4K$88
LiabilitiesLn 26$178K$191K
Net assetsLn 32−$174K−$191K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$102K$102K
Pay of current officers, directors and key staffLn 5$157K$111K$46K
Pay of disqualified personsLn 6$52K$52K
Payroll taxesLn 10$14K$11K$3K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$25K$25K
Advertising and promotionLn 12$199$199
Office expensesLn 13$15K$8K$7K
Information technologyLn 14$10K$7K$3K
OccupancyLn 16$7K$4K$4K
TravelLn 17$16K$16K
InterestLn 20$59K$59K
Total functional expensesLn 25$466K$335K$130K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $449K$466K−$16K−$191K 990 PDF
FY2023 $584K$601K−$16K−$174K 990 PDF
FY2022 $642K$671K−$29K−$158K 990 PDF
FY2021 $382K$501K−$118K−$129K 990 PDF
FY2020 $302K$315K−$13K−$11K 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 FY2024 990 (6 parts)
Part I · Summary $449,496 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $584,325$449,496
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $584,325$449,496
I-13 Grants and similar amounts paidPrior year $96,269$101,606
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $369,289$223,803
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $135,002$140,246
I-18 Total expensesPrior year $600,560$465,655
I-19 Revenue less expensesPrior year −$16,235−$16,159
Part VI · Governance 0 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $449,496 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $449,496$449,496
VIII-12 Total revenueRelated to mission $449,496 · Unrelated business $0 · Excluded from tax $0$449,496
Part IX · Statement of functional expenses $465,655 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $101,606$101,606
IX-5 Pay of current officers, directors and key staffPrograms $111,159 · Management $46,221$157,380
IX-6 Pay of disqualified personsPrograms $52,500$52,500
IX-10 Payroll taxesPrograms $11,005 · Management $2,918$13,923
IX-11c Accounting feesManagement $9,000$9,000
IX-11g Other fees for servicesPrograms $24,820$24,820
IX-12 Advertising and promotionManagement $199$199
IX-13 Office expensesPrograms $7,764 · Management $6,878$14,642
IX-14 Information technologyPrograms $6,508 · Management $3,000$9,508
IX-16 OccupancyPrograms $3,653 · Management $3,653$7,306
IX-17 TravelPrograms $16,243$16,243
IX-20 InterestManagement $58,528$58,528
IX-25 Total functional expensesPrograms $335,258 · Management $130,397 · Fundraising $0$465,655
Part X · Balance sheet $88 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $3,757$88
X-16 Total assetsStart of year $3,757$88
X-17 Accounts payable and accrued expensesStart of year $12,488$15,331
X-24 Unsecured notes and loans payableStart of year $15,720$25,367
X-26 Total liabilitiesStart of year $178,208$190,698
X-27 Net assets without donor restrictionsStart of year −$174,451−$190,610
X-32 Total net assets or fund balancesStart of year −$174,451−$190,610
X-33 Total liabilities and net assetsStart of year $3,757$88
Part XI · Reconciliation of net assets −$190,610 net assets at year end
XI-1 Total revenue$449,496
XI-2 Total expenses$465,655
XI-3 Revenue less expenses−$16,159
XI-4 Net assets at start of year−$174,451
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$190,610

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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