Daughters Of Sarah Housing Company Inc, operating under the name The Massry Residence, is located in Albany, NY. The organization was established in 2000. 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. As of 12/2021, Massry Residence employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massry Residence 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, Massry Residence generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE DAUGHTERS OF SARAH HOUSING COMPANY, INC. IS TO ENHANCE THE QUALITY OF LIFE, ASSURE THE SAFETY AND DIGNITY, AND FOSTER THE INDEPENDENCE OF THOSE WE SERVE, THROUGH RESIDENTIAL, PERSONAL CARE, HEALTH AND OTHER SERVICES, CONSISTENT WITH JEWISH VALUES AND TRADITIONS. IT'S AUTHORIZED ACTIVITIES INCLUDE OPERATING AN ENRICHED HOUSING PROGRAM, ASSISTED LIVING FACILITY, AND ENHANCED ASSISTED LIVING FACILITY FOR ELDERLY ADULTS AS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH, AND AN INDEPENDENT HOUSING FACILITY FOR SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAUGHTERS OF SARAH HOUSING COMPANY IS AUTHORIZED TO OPERATE AN ENRICHED HOUSING PROGRAM AND ASSISTED LIVING FACILITY FOR ELDERLY ADULTS AS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH AND AN INDEPENDENT HOUSING FACILITY FOR SENIOR CITIZENS. DAUGHTERS IS A 56 UNIT FACILITY PROVIDING FOR THE PERSONAL CARE AND SECURITY NEEDS OF FRAIL AND DISABLED SENIORS, A NUMBER OF WHOM ARE INDIGENT. BY MEETING ALL OF THE PERSONAL CARE NEEDS OF OUR RESIDENTS IN A WARM, CLEAN, LOVING AND INVITING ENVIRONMENT, DAUGHTERS INSURES THAT ITS RESIDENTS ARE ABLE TO LIVE AND AGE IN A DIGNIFIED, RESPECTFUL, AND SELF-INDEPENDENT MANNER APPROPRIATE TO THEIR HEALTH CONDITION AND PERSONAL REQUIREMENTS. THE GOAL OF THE SERVICES PROVIDED IS TO ENABLE THE RESIDENTS TO MAXIMIZE THEIR INDEPENDENCE AND ENRICH THE QUALITY OF THEIR LIVES. PROGRAMS THAT ALL MELD TO ACHIEVE OUR GOAL INCLUDE: THE AVAILABILITY OF ROUND THE CLOCK PERSONAL CARE STAFF, CASE MANAGEMENT, KOSHER MEALS PREPARED IN ACCORDANCE WITH JEWISH DIETARY LAWS, DAILY ACTIVITY PROGRAMMING FOR BOTH PHYSICAL AND MENTAL STIMULATION APPROPRIATE TO RESIDENT ACUITY LEVELS, REGULAR ENTERTAINMENT PROGRAMS, WEEKLY JEWISH SABBATH SERVICES, CELEBRATION OF ALL JEWISH HOLIDAYS (AND COORDINATION OF ACTIVITIES AROUND THE HOLIDAY THEMES), TRIPS AND EXCURSIONS TO COMMUNITY PROGRAMS AND OTHER SCHEDULED EVENTS CALCULATED TO BRING HAPPINESS TO THE LIVES OF OUR RESIDENTS. RESIDENTS ARE TREATED AS UNIQUE INDIVIDUALS AND ALL HAVE PERSONALIZED CARE PLANS THAT IDENTIFY THE SERVICES THAT THEY WILL RECEIVE. AS THEIR CARE NEEDS CHANGE THE PLANS ARE ADJUSTED ACCORDINGLY. THE ORGANIZATION IS ALSO INVOLVED IN THE PROCESS OF STUDYING THE FEASIBILITY, DESIRABILITY, AND PRACTICALITY, OF EXPANDING TO OTHER LEVELS OF ASSISTED LIVING AND/OR ENGAGING IN INDEPENDENT LIVING PROGRAMS FOR SENIORS. DAUGHTERS FURTHER OFFERS RESPITE CARE TO ADULTS IN THE COMMUNITY. THIS SHORT-TERM SERVICE PROVIDES UP TO THIRTY DAYS OF A LOVING, SAFE, APPROPRIATELY MONITORED CARE IN AN ASSISTED LIVING FACILITY FOR INDIVIDUALS NEEDING AND DESIRING TO EXPERIENCE SUCH A LEVEL OF CARE.
WE PROVIDE SCHOLARSHIPS TO RESIDENTS WHOSE ABILITY TO PAY FOR THE COST OF THEIR CARE IS DIMINISHED, AND WHOSE OVERALL FINANCIAL RESOURCES ARE GENERALLY LESS THAN FIFTY PERCIENT (50%) OF THE AVERAGE RESOURCES OF THE GENERAL POPULATION IN THE SURROUNDING AREAS. THE SCHOLARSHIPS ARE BASED ON A FIVE (5) YEAR RETROSPECTIVE REVIEW OF AN APPLICANT'S BANK AND RELATED RECORDS. QUALIFYING APPLICANTS WILL RECEIVE SCHOLARSHIPS THROUGH SUPPORT FROM THE HARRY AND JEANETTE WEINBERG SCHOLARSHIP ENDOWMENT, WHICH WAS ESTABLISHED AND IS MAINTAINED FOR THIS PURPOSE WITH THE DAUGHTERS OF SARAH JEWISH FOUNDATION, INC. THESE SCHOLARSHIPS ENABLE RESIDENTS TO REMAIN IN A CARE SETTING MORE APPROPRIATE TO THEIR PERSONAL NEEDS. WITHOUT SCHOLARSHIP SUPPORT, QUALIFYING RESIDENTS MIGHT OTHERWISE BE COMPELLED TO TRANSFER TO A MORE RESTRICTIVE, MORE EXPENSIVE, AND UNNECESSARY HEALTH CARE SETTING -- BUT ONE THAT IS PAID FOR BY FEDERAL AND STATE GOVERNMENTS, SUCH AS A NURSING HOME. THE SCHOLARSHIPS ENABLE US TO HELP REDUCE THE BURDEN ON GOVERNMENTAL RESOURCES AND PRESERVE THE DIGNITY AND INDEPENDENCE OF RESIDENTS.
WE ARE ENGAGED IN AN ONGOING PROCESS TO REVIEW CAMPUS-WIDE OPERATIONS AND STUDY THE FEASABILITY, DESIRABILITY, AND VIABILITY OF EXPANDING SUCH OPERATIONS TO INCORPORATE OTHER LEVELS OF ASSISTED LIVING, INDEPENDENT LIVING, COMMUNITY BASED MATTERS, AND OTHER POTENTIAL MISSION RELATED LINES OF HEALTH CARE SERVICES. IN THAT CONTEXT, DAUGHTERS HAS BEEN LICENSED BY THE NYS DEPARTMENT OF HEALTH AS AN ENHANCED ASSISTED LIVING FACILITY, WHICH ENABLES US TO FURTHER ASSIST ELDER RESIDENTS WITH THE CHALLENGES OF DAILY LIVING WITHOUT REQUIRING THEM TO TRANSFER TO MORE EXPENSIVE AND MORE RESTRICTIVE LEVELS OF HEALTH CARE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stuart Rosenberg MD President | OfficerTrustee | 2 | $0 |
Lynda Shrager Vice-President | OfficerTrustee | 2 | $0 |
Ellie Safranko Secretary | OfficerTrustee | 2 | $0 |
Daniel Sanders Treasurer | OfficerTrustee | 2 | $0 |
Mark Koblenz CEO | Officer | 11 | $0 |
Courtney Mulson CFO | Officer | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $20,000 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $140,545 |
Government grants | $480,724 |
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 | $641,269 |
Total Program Service Revenue | $3,838,023 |
Investment income | $78,427 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $4,741,567 |
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. | $130,358 |
Compensation of current officers, directors, key employees. | $130,358 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,820,114 |
Pension plan accruals and contributions | $24,724 |
Other employee benefits | $123,020 |
Payroll taxes | $103,514 |
Fees for services: Management | $0 |
Fees for services: Legal | $386 |
Fees for services: Accounting | $16,660 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,000 |
Office expenses | $2,947 |
Information technology | $9,033 |
Royalties | $0 |
Occupancy | $139,833 |
Travel | $1,481 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $282,687 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $283,246 |
Insurance | $27,456 |
All other expenses | $0 |
Total functional expenses | $3,564,299 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,501,820 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $30,848 |
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 | $15,763 |
Net Land, buildings, and equipment | $4,934,583 |
Investments—publicly traded securities | $5,854,466 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,956,189 |
Total assets | $16,293,669 |
Accounts payable and accrued expenses | $521,117 |
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 | $3,664,435 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $4,185,552 |
Net assets without donor restrictions | $8,485,613 |
Net assets with donor restrictions | $3,622,504 |
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 | $16,293,669 |
Over the last fiscal year, we have identified 1 grants that Daughters Of Sarah Housing Company Inc has recieved totaling $140,545.
Awarding Organization | Amount |
---|---|
Daughters Of Sarah Jewish Foundation Inc Albany, NY PURPOSE: $140,545 IN SCHOLARSHIP | $140,545 |
Organization Name | Assets | Revenue |
---|---|---|
The Evergreens Fort Washington, PA | $100,353,926 | $21,284,774 |
Reformed Church Ministries To The Aging The Particular Synod Of The Old Bridge, NJ | $46,050,388 | $18,196,179 |
Bristol Glen Inc Neptune, NJ | $77,949,384 | $23,074,416 |
Artman Lutheran Home Ambler, PA | $58,762,001 | $19,567,052 |
New Horizons Inc Farmington, CT | $23,361,586 | $23,057,821 |
Bethlen Home Of The Hungarian Reformed Federation Of America Ligonier, PA | $24,911,659 | $19,095,488 |
Evangelical Services For The Aging Warminster, PA | $46,788,382 | $16,687,453 |
The Pines At Whiting Whiting, NJ | $28,869,676 | $19,824,900 |
Loomis Housing Corporation South Hadley, MA | $99,172,957 | $19,770,909 |
Evangelical Manor Warminster, PA | $21,826,536 | $16,413,421 |
Springpoint Senior Living Inc Wall, NJ | $91,116,877 | $20,222,460 |
Heron Point Of Chestertown Inc Fort Washington, PA | $70,848,712 | $18,371,788 |