Beth Israel Senior Citizens Housing Inc
- Assets
- $4.5m
- Revenue
- $326.4k
- Investments
- $3.4m
- Employees
- 0
- Location
- Malden, MA
- Founding
- 01/1996
- Data as of
- 09/2023
- EIN
- 04-2377136
Organization Overview
Beth Israel Senior Citizens Housing Inc is located in Malden, MA. The organization was established in 1996. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beth Israel Senior Citizens Housing 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 09/2023, Beth Israel Senior Citizens Housing Inc generated $326.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $226.1k during the year ending 09/2023. While expenses have increased by 1.2% per year over the past 6 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.
Since 2018, Beth Israel Senior Citizens Housing Inc has awarded 92 individual grants totaling $1,253,286. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD PANTRIES (6 ORGANIZATIONS)
HOMELESS SHELTERS (2 ORGANIZATIONS)
RELIGIOUS ORGANIZATIONS (1 ORGANIZATION)
LOW INCOME HOUSING (1 ORGANIZATION)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Weiner President | 1 | $0 | |
Jay Lamport Treasurer | 3 | $0 | |
Joel Adler Clerk | 2.25 | $0 | |
Robert Brown Director | 1 | $0 | |
Harvey Goldman Director | 1 | $0 | |
Richard Garcia Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $244 |
| Dividends & Interest | $77,699 |
| Net Rental Income | $146,775 |
| Net Gain on Sale of Assets | $52,065 |
| Capital Gain Net Income | $52,065 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $49,623 |
| Total Revenue | $326,406 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,951 |
| Total operating and administrative expenses | $49,751 |
| Contributions, gifts, grants paid | $176,318 |
| Total expenses and disbursements | $226,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,466 |
| Savings and temporary cash investments | $49,874 |
| Net Accounts receivable | $52,500 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $779,819 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $1 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,380,290 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $223,108 |
| Total assets | $4,534,058 |
| Accounts payable and accrued expenses | $21,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,631 |
| Total liabilities | $25,631 |
Grants Awarded
Over the last fiscal year, Beth Israel Senior Citizens Housing Inc has awarded $176,318 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BETH ISREAL SYNAGOGUE PURPOSE: REGULAR GENERAL PURPOSE GRANT | $6,000 |
BREAD OF LIFE PURPOSE: CAPITAL IMPROVEMENTS FOR ORGANIZATION | $50,000 |
CENTRE STREET FOOD PANTRY PURPOSE: CAPITAL IMPROVEMENTS FOR ORGANIZATION | $15,000 |
HARVEST ON VINE FOOD PANTRY PURPOSE: COVID 19 EMERGENCY FUNDS | $10,000 |
THE CHARITY GUILD INC PURPOSE: CAPITAL IMPROVEMENTS FOR ORGANIZATION | $3,518 |
WEST END HOUSE PURPOSE: CAPITAL IMPROVEMENTS FOR THE ORGANIZATION | $25,000 |