Bronxwood Home For The Aged Inc
- Assets
- $8.7m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 139
- Location
- Bronx, NY
- Founding
- 12/1978
- Data as of
- 09/2023
- EIN
- 13-2911684
Organization Overview
Bronxwood Home For The Aged Inc is located in Bronx, NY. The organization was established in 1978. 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 09/2023, Bronxwood Home For The Aged Inc employed 139 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bronxwood Home For The Aged 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, Bronxwood Home For The Aged Inc generated $11.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $11.2m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bronxwood Home For The Aged Inc has awarded 56 individual grants totaling $13,899,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRONXWOOD HOME FOR THE AGED, INC., A VOLUNTARY, NOT-FOR-PROFIT FACILITY, IS LOCATED IN BRONX, NY. THE FACILITY IS LICENSED BY N.Y.S. FOR 320 ADULT HOME BEDS, OF WHICH 177 ARE ASSISTED LIVING (ALP) BEDS. OPERATIONS BEGAN IN 1977. THEY ARE ALSO LICENSED TO PROVIDE HOME CARE SERVICES IN THE BRONX, BROOKLYN, QUEENS, AND MANHATTAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENT CARE SERVICES FOR 320 ADULT HOME BEDS, OF WHICH 177 ARE ASSISTED LIVING (ALP) BEDS. OPERATIONS BEGAIN IN 1977.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Sacks Administrator | 40 | $131,800 | |
Daniel Berkowicz President | OfficerTrustee | 2 | $0 |
Yerachmiel Milstein Secretary | OfficerTrustee | 2 | $0 |
Robert Lichtenstein Director | Trustee | 2 | $0 |
Arthur Weinstein Director | Trustee | 2 | $0 |
Abe Biderman Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
W Group Bronxwood Opco Llc Management Co. | 9/29/23 | $2,447,098 |
Ace Endico Food Vendor | 9/29/23 | $162,049 |
Duso Food Dist Food Vendor | 9/29/23 | $127,439 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $209,911 |
| 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 | $209,911 |
| Total Program Service Revenue | $11,312,459 |
| Investment income | $4,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,060 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,634,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,438,706 |
| 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 | $4,172,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $142,853 |
| Payroll taxes | $415,263 |
| Fees for services: Management | $2,388,540 |
| Fees for services: Legal | $154,855 |
| Fees for services: Accounting | $36,032 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $186,584 |
| Advertising and promotion | $61,440 |
| Office expenses | $247,220 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $535,449 |
| Travel | $16,285 |
| 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 | $396,276 |
| Insurance | $326,643 |
| All other expenses | $0 |
| Total functional expenses | $11,235,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,666 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,993,715 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $75,200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $231,221 |
| Net Land, buildings, and equipment | $5,123,209 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $226,261 |
| Total assets | $8,742,272 |
| Accounts payable and accrued expenses | $1,001,750 |
| 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 | $5,142,611 |
| Total liabilities | $6,144,361 |
| Net assets without donor restrictions | $2,597,911 |
| Net assets with donor restrictions | $0 |
| 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 | $8,742,272 |
Grants Awarded
Over the last fiscal year, Bronxwood Home For The Aged Inc has awarded $1,436,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BATYA GIRLS INC PURPOSE: Program for elderly individuals | $25,000 |
CONG AHAVAS TZEDOKAH VCHESED PURPOSE: Support indigent elderly | $350,000 |
CONG KHAL TORATH CHAIM VIZNIT PURPOSE: Building Fund | $36,000 |
CONGREGATION KEREN SHIVIM PURPOSE: Helping the needy | $350,000 |
GEMILOS CHASODIM CHASDEL MOSH PURPOSE: Helping widows and orphans | $150,000 |
MESAMCHE LEV PURPOSE: Financial assistance for the poor | $500,000 |