The Jewish Home For Aged Foundation Inc
- Assets
- $17.2m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 04-2921313
Organization Overview
The Jewish Home For Aged Foundation Inc, operating under the name Na, is located in Worcester, MA. The organization was established in 1988. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Na 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 12/2021, Na generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.3% each year . All expenses for the organization totaled $49.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE GRANTS TO THE JEWISH HEALTHCARE CENTER, INC. TO SUPPLEMENT PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE FOUNDATION IS TO MAKE GRANTS TO THE JEWISH HEALTHCARE CENTER, INC. TO SUPPLEMENT PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Aframe President | OfficerTrustee | 0 | $0 |
Alan Stoll Vice President | OfficerTrustee | 0 | $0 |
Harriet Robbins Secretary | OfficerTrustee | 0 | $0 |
Philip Ostrow Treasurer | OfficerTrustee | 0 | $0 |
Bruck Wahle Director | Trustee | 0 | $0 |
Alan Feingold Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,437,851 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,437,851 |
| Total Program Service Revenue | $0 |
| Investment income | $363,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $161,083 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,962,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,953 |
| 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,797 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $50 |
| Total functional expenses | $49,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,723,713 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,447,664 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,870 |
| Total assets | $17,212,247 |
| Accounts payable and accrued expenses | $29,275 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,870 |
| Total liabilities | $70,145 |
| Net assets without donor restrictions | $12,163,178 |
| Net assets with donor restrictions | $4,978,924 |
| 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 | $17,212,247 |
Grants Awarded
Over the last fiscal year, The Jewish Home For Aged Foundation Inc has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Worcester, MA PURPOSE: TO SUPPLEMENT PROGRAMS | $0 |
Worcester, MA PURPOSE: TO SUPPLEMENT PROGRAMS | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Jewish Home For Aged Foundation Inc has recieved totaling $126,675.
| Awarding Organization | Amount |
|---|---|
Center For Community Recovery Innovations Inc Boston, MA PURPOSE: HOUSING ASSISTANCE | $126,675 |
Endowment Analysis
| Beg. Balance | $4,654,617 |
| Earnings | $329,260 |
| Grants | $4,953 |
| Ending Balance | $4,978,924 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home For Aged Women Inc Brookline, MA | $69,014,213 | $13,592,277 |
Complete Senior Care Inc Niagara Falls, NY | $5,431,648 | $11,923,845 |
St Anns Senior Housing Inc Rochester, NY | $34,990,884 | $11,488,120 |
Alice Peck Day Lifecare Center Inc Lebanon, NH | $30,340,457 | $9,958,367 |
Vista On 5th Corp New York, NY | $11,821,624 | $8,647,077 |
The Bradley Home Meriden, CT | $29,520,019 | $7,057,563 |
New Hampshire Odd Fellows Home Concord, NH | $10,208,376 | $10,203,382 |
Chestnut Hill Benevolent Assoc Chestnut Hill, MA | $47,006,612 | $9,612,021 |
Senior Living Of Bedford Bedford, NH | $40,223,791 | $3,821,536 |
Menorah Campus Independent Senior Apartments Inc Getzville, NY | $230,603 | $5,718,292 |
Ithacare Center Service Co Inc Ithaca, NY | $28,833,397 | $7,510,183 |
Glen Eddy Inc Niskayuna, NY | $19,303,888 | $7,432,124 |