Jewish Healthcare Center Inc
- Assets
- $10.8m
- Revenue
- $28.3m
- Investments
- $0.0
- Employees
- 515
- Location
- Worcester, MA
- Founding
- 01/1942
- Data as of
- 12/2023
- EIN
- 04-2103803
Organization Overview
Jewish Healthcare Center Inc is located in Worcester, MA. The organization was established in 1942. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2023, Jewish Healthcare Center Inc employed 515 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewish Healthcare Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Jewish Healthcare Center Inc generated $28.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $28.6m during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE JEWISH HEALTHCARE CENTER IS TO ENRICH THE LIVES AND CONTRIBUTE TO THE WELL-BEING OF SENIOR ADULTS AND ADULTS WITH SPECIAL MEDICAL NEEDS IN THE GREATER WORCESTER COMMUNITY BY PROVIDING THE HIGHEST QUALITY RESIDENTIAL AND COMMUNITY-BASED HEALTHCARE SERVICES GUIDED BY JEWISH VALUES AND TRADITIONS IN AN ENVIRONMENT THAT IS SAFE, WELCOMING, RESPECTFUL AND OPEN TO ALL. THE CENTER OWNS AND OPERATES A 141 BED NURSING HOME THAT CONDUCTS INPATIENT LONG-TERM CARE AND RECUPERATIVE SERVICES. THE CENTER PROVIDES A WIDE RANGE OF CARE, INCLUDING COMPREHENSIVE MEDICAL CARE, HOSPICE SERVICES, ANCILLARY HEALTH SERVICES AND AN INTEGRATED THERAPIES PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER OWNS AND OPERATES A 141 BED NURSING HOME THAT PROVIDES INPATIENT LONG-TERM CARE AND RECUPERATIVE SERVICES FOR ITS PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Kashuk Director | Trustee | 0 | $0 |
David Cohen Director | Trustee | 0 | $0 |
Steven Tankanow Director | Trustee | 0 | $0 |
Ivan Green Director | Trustee | 0 | $0 |
Minna Gregerman Director | Trustee | 0 | $0 |
David Meyers Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $101,237 |
| Fundraising events | $0 |
| Related organizations | $945,417 |
| Government grants | $779,536 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,905,346 |
| Total Program Service Revenue | $25,865,222 |
| Investment income | $102,014 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,200 |
| Net Income from Fundraising Events | $82,204 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,281,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,183,979 |
| Pension plan accruals and contributions | $177,242 |
| Other employee benefits | $288,305 |
| Payroll taxes | $1,479,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,811 |
| Fees for services: Accounting | $93,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $154,881 |
| Office expenses | $519,696 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $524,366 |
| Travel | $83,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $293,748 |
| Insurance | $1,584,103 |
| All other expenses | $1,855,426 |
| Total functional expenses | $28,637,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,476,271 |
| Savings and temporary cash investments | $2,143,909 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,325,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,338 |
| Net Land, buildings, and equipment | $2,735,651 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $49,445 |
| Other assets | $88,950 |
| Total assets | $10,839,916 |
| Accounts payable and accrued expenses | $2,006,799 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $90,247 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,097,046 |
| Net assets without donor restrictions | $8,605,270 |
| Net assets with donor restrictions | $137,600 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,839,916 |