Jgs Lifecare Corporation
- Assets
- $6.2m
- Revenue
- -$57.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Longmeadow, MA
- Founding
- 05/1947
- Data as of
- 12/2021
- EIN
- 04-2129128
Organization Overview
Jgs Lifecare Corporation is located in Longmeadow, MA. The organization was established in 1947. According to its NTEE Classification (G94) the organization is classified as: Geriatrics, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jgs Lifecare Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NON-PROFIT ORGANIZATION DEDICATED TO IMPROVING THE PHYSICAL, SPIRITUAL AND EMOTIONAL HEALTH OF INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE PROGRAMS THAT ARE CHARITABLE, EDUCATIONAL AND THAT WILL ADVANCE THE KNOWLEDGE AND PRACTICE OF GERIATRIC NURSING, HEALTH, REHABILITATIVE CARE AND OTHER SERVICES IN WESTERN MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Berman CEO Emeritus- Chief Philanthropy Officer | OfficerTrustee | 1 | $0 |
Adam Berman President And CEO | OfficerTrustee | 1 | $0 |
Carol Casartello Clerk | OfficerTrustee | 1 | $0 |
Rudy D'agostino Treasurer | OfficerTrustee | 1 | $0 |
Stuart Anfang Chair | OfficerTrustee | 1 | $0 |
Jeffrey Landa CFO | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Da Sullivan Construction | 12/30/16 | $9,142,952 |
Perkins Eastman Architect | 12/30/16 | $180,734 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,280 |
| All other contributions, gifts, grants, and similar amounts not included above | $883 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,163 |
| Total Program Service Revenue | $0 |
| Investment income | $1,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$87,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$57,278 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,400 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,633 |
| Fees for services: Other | $965 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $229 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,048 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $432,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $979,700 |
| Savings and temporary cash investments | $1,047,607 |
| Pledges and grants receivable | $32,785 |
| Accounts receivable, net | $2,098 |
| 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 | $2,519 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,137,668 |
| Total assets | $6,233,942 |
| Accounts payable and accrued expenses | $451,608 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,877,076 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $130 |
| Total liabilities | $15,328,814 |
| Net assets without donor restrictions | -$10,028,592 |
| Net assets with donor restrictions | $933,720 |
| 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 | $6,233,942 |
Grants Awarded
Over the last fiscal year, Jgs Lifecare Corporation has awarded $1,971,015 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Longmeadow, MA PURPOSE: SUPPORT PROVIDED TO RELATED TAX-EXEMPT ORGANIZATION. | $1,851,014 |
Longmeadow, MA PURPOSE: SUPPORT PROVIDED TO RELATED TAX-EXEMPT ORGANIZATION. | $120,001 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Jgs Lifecare Corporation has recieved totaling $49,037.
| Awarding Organization | Amount |
|---|---|
Jewish Federation Of Western Massachusetts Inc Springfield, MA PURPOSE: GENERAL SUPPORT | $38,532 |
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: GENERAL HEALTH | $10,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $742,207 |
| Earnings | $34,631 |
| Ending Balance | $776,838 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Carmelite System Inc Germantown, NY | $17,222,585 | $9,589,225 |
The American Geriatrics Society Inc New York, NY | $10,794,639 | $6,464,305 |
Our Lady Of Victory Renaissance Corporation Buffalo, NY | $12,786,574 | $5,671,961 |
Association For The Relief Of Aged Women Of New Bedford New Bedford, MA | $21,657,616 | $2,022,067 |
Leadingage Connecticut Inc Wallingford, CT | $1,294,076 | $1,003,019 |
Association On Aging In New York Albany, NY | $292,722 | $689,758 |
New York Memory Center Inc Brooklyn, NY | $242,536 | $602,792 |
Avila Institute Of Gerontology Inc Germantown, NY | $429,382 | $540,136 |
Jgs Lifecare Corporation Longmeadow, MA | $6,233,942 | -$57,278 |
Louis F Payn Foundation For Aged People Chatham, NY | $203,161 | $289,937 |
Ellen Jeanne Goldfarb Memorial Charitable Tr Farmington, CT | $1,681,390 | $368,599 |
Newburyport Society For The Relief Of Aged Women Newburyport, MA | $4,768,934 | $433,500 |