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← MERAKEY CHILDRENS SERVICES

Form 990 for tax year 2024

Filed by MERAKEY CHILDRENS SERVICES.

Totals

Total revenue
$6,924,210
Total expenses
$8,075,635
Contributions and grants received
$6,284
Grants paid
$0
Program service revenue
$6,915,217
Investment income
$0
Other revenue
$2,709
Total assets, end of year
$1,876,398
Total liabilities, end of year
$3,340,967
Net assets or fund balances, end of year
-$1,464,569
Program services expenses (Part IX)
$7,204,751
Management and general expenses
$870,884
Fundraising expenses
$0
Program service expenses (Part III)
$7,204,751

Program services were 89.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $6,284

  • 2a · Program service revenue: MANAGED CARE

    total $6,185,446 · related or exempt $6,185,446

  • 2b · Program service revenue: GOVERNMENT

    total $681,904 · related or exempt $681,904

  • 2c · Program service revenue: THIRD PARTY

    total $47,230 · related or exempt $47,230

  • 2d · Program service revenue: SELF PAY

    total $636 · related or exempt $636

  • 2e · Program service revenue: MEDICAL ASSISTANCE

    total $1 · related or exempt $1

  • 11a · Other revenue: MEDICAL RECORDS INCOME

    total $2,709 · excluded $2,709

  • 11e · Other revenue, total

    $2,709

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $4,297,261 · program services $4,297,261

  • 8 · Pension plan contributions

    total $11,572 · program services $11,572

  • 9 · Other employee benefits

    total $793,317 · program services $793,317

  • 10 · Payroll taxes

    total $479,278 · program services $479,278

  • 11b · Fees: legal

    total $10,000 · program services $10,000

  • 11c · Fees: accounting

    total $6,506 · program services $6,506

  • 11g · Fees: other

    total $411,844 · program services $411,844

  • 12 · Advertising and promotion

    total $220 · program services $220

  • 13 · Office expenses

    total $53,749 · program services $53,749

  • 14 · Information technology

    total $28,091 · program services $28,091

  • 16 · Occupancy

    total $127,293 · program services $127,293

  • 17 · Travel

    total $11,890 · program services $11,890

  • 19 · Conferences, conventions and meetings

    total $342 · program services $342

  • 20 · Interest

    total $659 · program services $659

  • 22 · Depreciation, depletion and amortization

    total $25,208 · program services $25,208

  • 23 · Insurance

    total $89,313 · program services $89,313

  • 24a · Other expenses: CORPORATE ALLOCATION

    total $796,281 · management and general $796,281

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $366,847 · program services $366,847

  • 24c · Other expenses: EDUCATION MANAGEMENT

    total $154,023 · program services $154,023

  • 24d · Other expenses: EXEC DIRECTOR - INTERCO

    total $115,865 · program services $115,865

  • 24e · All other expenses

    total $296,076 · program services $221,473 · management and general $74,603

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,944,836 · end of year $1,801,017

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,389 · end of year $4,002

  • 10a · Land, buildings and equipment: cost or other basis

    $1,915,910

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,844,531

  • 10c · Land, buildings and equipment, net

    beginning of year $77,745 · end of year $71,379

  • 15 · Other assets

    beginning of year $2,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $390,875 · end of year $399,101

  • 25 · Other liabilities

    beginning of year $1,949,339 · end of year $2,941,866

  • 27 · Net assets without donor restrictions

    beginning of year -$313,144 · end of year -$1,464,569

Mission and programs · 2024

Mission

PROVIDE BEHAVIORAL HEALTH SERVICES TO CHILDREN AND THEIR FAMILIES. THE RANGE OF SERVICES INCLUDE CASE MANAGEMENT, OUTPATIENT, IN SCHOOL, COMMUNITY BASED AND WRAP AROUND SERVICES.

Activities or mission (Part I)

PROVIDE BEHAVIORAL HEALTH SERVICES TO CHILDREN AND FAMILIES.

  • INTENSIVE BEHAVIORAL HEALTH SERVICES (IBHS) PROVIDES TARGETED INTERVENTIONS AND SUPPORT FOR CHILDREN, YOUTH, AND YOUNG ADULTS UNDER THE AGE OF 21 WHO ARE EXPERIENCING MENTAL HEALTH, EMOTIONAL, OR BEHAVIORAL CHALLENGES. THIS SHORT-TERM, COMMUNITY-BASED PROGRAM IS DELIVERED IN HOMES, SCHOOLS, AND OTHER COMMUNITY SETTINGS TO PROMOTE STABILITY, SKILL DEVELOPMENT, AND OVERALL WELL-BEING.MERAKEY IBHS PARTNERS WITH 13 SCHOOLS ACROSS THE PHILADELPHIA AREA AND CURRENTLY SERVES MORE THAN 200 CHILDREN RESIDING IN THE 19120 AND 19133 ZIP CODES. OUR COMMITMENT TO HIGH-QUALITY, OUTCOMES-DRIVEN CARE HAS CONSISTENTLY YIELDED STRONG PERFORMANCE UNDER VALUE-BASED PAYMENT MODELS. IN THE PRIOR YEAR, IBHS EARNED VALUE-BASED BONUS PAYMENTS IN ALL QUARTERS FOR EXCEEDING CLINICAL QUALITY BENCHMARKS AND ACHIEVED LOW RATES OF CONCURRENT USE OF ACUTE INPATIENT OR PARTIAL HOSPITALIZATION SERVICES DEMONSTRATING THE EFFECTIVENESS OF OUR COMMUNITY-BASED INTERVENTIONS. SINCE THAT TIME, IBHS HAS CONTINUED TO DEMONSTRATE SUSTAINED CLINICAL EXCELLENCE, EARNING VALUE-BASED INCENTIVE PAYMENTS EVERY QUARTER FOR MEETING ESTABLISHED CLINICAL METRICS. NOTABLY, DURING THE FIRST QUARTER OF THE CURRENT FISCAL YEAR, THE PROGRAM MET ALL CLINICAL METRICS FOR THE FIRST TIME, MARKING A SIGNIFICANT MILESTONE IN PROGRAM PERFORMANCE AND ONGOING QUALITY IMPROVEMENT EFFORTS.

    Expenses $7,204,751 · Revenue $6,915,217

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Derrick Yacovelli

    CFO/TREASURER/SECRETARY

    Total calculated
    $818,642
    From this org
    $0
    From related orgs
    $772,981
    Other
    $45,661
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $647,981 related
    Bonus
    $0
    Other
    $0 + $125,000 related
    Deferred
    $0 + $6,923 related
    Nontaxable benefits
    $0 + $38,738 related
    Filer's total
    $0 + $818,642 related

  • Malcolm Musgrove

    VP/VP, ABH

    Total calculated
    $354,903
    From this org
    $0
    From related orgs
    $322,519
    Other
    $32,384
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $322,519 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $32,384 related
    Filer's total
    $0 + $354,903 related

  • Slyvia Purnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Robert Nix III Esq

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 11 related

  • Rebecca Richwine

    DIRECTOR/SVP, C&FS

    Total calculated
    $485,982
    From this org
    $0
    From related orgs
    $464,628
    Other
    $21,354
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $405,147 related
    Bonus
    $0
    Other
    $0 + $59,481 related
    Deferred
    $0 + $7,058 related
    Nontaxable benefits
    $0 + $14,296 related
    Filer's total
    $0 + $485,982 related

  • Leah Pason

    DIRECTOR/CPO

    Total calculated
    $568,535
    From this org
    $0
    From related orgs
    $542,494
    Other
    $26,041
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $473,602 related
    Bonus
    $0
    Other
    $0 + $68,892 related
    Deferred
    $0 + $7,547 related
    Nontaxable benefits
    $0 + $18,494 related
    Filer's total
    $0 + $568,535 related

  • Ayesha Waheed

    PSYCHOLOGIST

    Total calculated
    $327,512
    From this org
    $302,707
    From related orgs
    $0
    Other
    $24,805
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $302,707
    Bonus
    $0
    Other
    $0
    Deferred
    $3,060
    Nontaxable benefits
    $21,745
    Filer's total
    $327,512

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THIS ORGANIZATION DOES NOT DIRECTLY PAY ITS OFFICERS AND DIRECTORS. ALL COMPENSATION TO THE OFFICERS AND DIRECTORS REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, MERAKEY USA. MERAKEY USA UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIALS IS REASONABLE GIVEN THE MARKET IN WHICH THE ORGANIZATION OPERATES. MERAKEY USA CHECKS THE FOLLOWING BOXES FOR SCHEDULE J, PART I, QUESTION 3 ON ITS FORM 990: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE
PART I, LINE 4B
THE FOLLOWING OFFICERS AND DIRECTORS PARTICIPATED IN A 457(F) NONQUALIFIED RETIREMENT PLAN IN FY2025: DERRICK YACOVELLI - $ 125,000 LEAH PASON - $ 68,892 REBECCA RICHWINE - $ 59,481

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SENTRY MANAGEMENT SERVICES

    REAL ESTATE HOLDING COMPANY · PA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NORTHWESTERN ENTERPRISES INC

    C · HOLDING COMPANY · PA

  • THE AMICA COMPANY

    C · INACTIVE · PA

  • VOITHOS MANAGEMENT SERVICES COMPANY

    C · HOLDING COMPANY · PA

  • LIFE TREE PHARMACY SERVICES INC

    C · PHARMACY · PA

  • HOUSE NEXT DOOR INC

    C · INACTIVE · PA

  • NORTHWESTERN INTRASYSTEMS INC

    C · MANAGEMENT COMPANY · PA

  • LUMICARE INC

    C · HEALTH CONSULTING · PA

  • FRESH START NOW INC

    C · RECOVERY HOUSING · PA

  • CONSULTING FOR HUMAN SERVICES INC

    C · CONSULTING SERVICES · PA

  • WATERS & SIMS EMPLOYMENT SERVICES INC

    S · EMPLOYMENT AGENCY · NJ

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202611339349303706

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