Foundation for the Elderly FY2022 filing

Tax-deductible

Inwood, NY501(c)(3)Since 1992Human ServicesEIN 22-3183035

To operate a licensed home healthcare service and a residential adult care facility for the elderly.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$854K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $261K a year · under 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$854K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10.7M
98% of total assets
Concern: liabilities are 98% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$38.2M
+5% vs prior year
Spent
$37.9M
To programs
89%
Net assets
$263K
By yearFY2020–FY2024
Revenue
$38.2M
FY2022▲ +5%
Revenue by fiscal year
FY2020$36.3M
FY2021$36.3M
FY2022$38.2M
FY2023$45.1M
FY2024$52.2M
Expenses
$37.9M
FY2022▲ +6%
Expenses by fiscal year
FY2020$35.6M
FY2021$35.7M
FY2022$37.9M
FY2023$45.9M
FY2024$51.7M
Net assets
$263K
FY2022▲ +648%
Net assets by fiscal year
FY2020−$660K
FY2021−$48K
FY2022$263K
FY2023−$577K
FY2024−$109K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $33.9M Management & general 11% · $4.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990; $854K paid to officers and key staff.

Part VII, Section A · reportable compensation
Financial Manager
$201,832Pt VII · Sec A
Executive Dir.
$184,716Pt VII · Sec A
$182,946Pt VII · Sec A
Intake Director
$154,051Pt VII · Sec A
Dir. Patient Serv.
$130,162Pt VII · Sec A
Director-Financ
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Maurice Meisels’s $186K as Executive Dir. is at the 38th percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Pinchas Faska—$222,012$201,832$272,824$211,640
Shmuel Hirsch—$205,697$182,946$206,045$199,350
Maurice Meisels$186,391$174,158$184,716$162,216$143,429
Mark M Berger—$175,040———
Avrohom Zlotnick——$154,051$128,693$113,111
Maxine Fried$152,254————
Maxine Fried—$127,786$130,162$130,466$128,310

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides licensed home healthcare and residential care for the elderly.

Provided by the organization

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2 program services account for $33.9M of program spending, described in the organization's own filed words · FY2022.
01

The foundation is a licensed home care provider. It provides services to clients that can benefit from assistance with personal skills such as bathing, laundry, light housekeeping and other activities that can enable patients to remain in their home environment.

$33.7Mprogram expense
02

The foundation operates a residential adult care facility for the indigent elderly. Throughout the tax period, the facility was not in operation as it is under renovations due to storm damage.

$193Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $1.4M · 2020–2024
Zichron ShlomoFY2021$200,000
Bonei Olam INCNY · FY2021$10,850
Zichron ShlomoFY2020$225,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$38.2M
Ln 12
Fees for servicesLn 2g$37.6M
Gifts and grantsLn 1h$529K
Other incomeLn 4–11$85K
Money outPt IX
$37.9M
Ln 25
Programscol B$33.9M
Managementcol C$4.0M
Owns and owesPt X
$263K
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$11.0M
LiabilitiesLn 26$10.7M
PeoplePt VI, VII
12
listed · VII A
PaidVII A5
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$529K
Government grantsLn 1e$529K
Fees for servicesLn 2g$37.6M
Investment incomeLn 3$6K
Other incomeLn 4–11$85K
Gains on assetsLn 7$0
Total revenueLn 12$38.2M
Assets in detailPt X, end of year
CashLn 1$380K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3.0M
Other assetsLn 15$119K
Total assetsLn 16$11.0M
LiabilitiesLn 26$10.7M
Net assetsLn 32$263K
OperationsPt I, VI
EmployeesI 51,677
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$3.7M$1.4M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.9M$3.0M
Total assetsLn 16$9.3M$11.0M
LiabilitiesLn 26$9.4M$10.7M
Net assetsLn 32−$48K$263K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$252K$252K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$185K$172K$13K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$27.7M$25.8M$1.9M
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$3.3M$3.0M$228K
Payroll taxesLn 10$2.7M$2.5M$188K
Management feesLn 11a$0
Legal feesLn 11b$131K$131K
Accounting feesLn 11c$140K$140K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$143K$143K
Advertising and promotionLn 12$356K$356K
Office expensesLn 13$54K$54K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$110K$102K$8K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$125K$117K$8K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$41K$37K$4K
InsuranceLn 23$990K$921K$69K
Other expenses (24a–d)Ln 24$1.5M$415K$1.1M
All other expensesLn 24e$188K$176K$11K
Total functional expensesLn 25$37.9M$33.9M$4.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $52.2M$51.7M$469K−$109K 990 PDF
FY2023 $45.1M$45.9M−$841K−$577K 990 PDF
FY2022 Viewing $38.2M$37.9M$312K$263K 990 PDF
FY2021 $36.3M$35.7M$613K−$48K 990 PDF
FY2020 $36.3M$35.6M$754K−$660K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $38,184,077 across 10 lines filed
VIII-1e Government grants$528,957
VIII-1h Total contributions, gifts and grants$528,957
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,564,033$37,564,033
VIII-3 Investment incomeExcluded from tax $6,087$6,087
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $85,000$85,000
VIII-12 Total revenueRelated to mission $37,649,033 · Excluded from tax $6,087$38,184,077
Part IX · Statement of functional expenses $37,872,547 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $251,560$251,560
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $171,786 · Management $12,930$184,716
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $25,792,802 · Management $1,941,393$27,734,195
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $3,030,730 · Management $228,119$3,258,849
IX-10 Payroll taxesPrograms $2,495,400 · Management $187,826$2,683,226
IX-11a Management fees$0
IX-11b Legal feesManagement $130,817$130,817
IX-11c Accounting feesManagement $140,159$140,159
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $142,767$142,767
IX-12 Advertising and promotionPrograms $356,150$356,150
IX-13 Office expensesManagement $54,123$54,123
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $102,464 · Management $7,712$110,176
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $117,439 · Management $8,014$125,453
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $37,140 · Management $3,621$40,761
IX-23 InsurancePrograms $921,125 · Management $69,332$990,457
IX-24 Other expenses (24a–d)Programs $415,471 · Management $1,066,159$1,481,630
IX-24e All other expensesPrograms $176,066 · Management $11,442$187,508
IX-25 Total functional expensesPrograms $33,868,133 · Management $4,004,414 · Fundraising $0$37,872,547
Part X · Balance sheet $10,974,165 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $752,574$379,981
X-2 Savings and temporary cash investmentsStart of year $2,961,874$1,001,179
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $3,580,985$6,410,563
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $116,815$78,891
X-10c Land, buildings and equipment, netStart of year $1,852,527$2,984,638
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $825$0
X-15 Other assetsStart of year $58,847$118,913
X-16 Total assetsStart of year $9,324,447$10,974,165
X-17 Accounts payable and accrued expensesStart of year $6,697,568$7,477,852
X-19 Deferred revenue$559,490
X-24 Unsecured notes and loans payableStart of year $1,025,000$1,025,000
X-26 Total liabilitiesStart of year $9,372,528$10,710,716
X-27 Net assets without donor restrictionsStart of year −$48,081$263,449
X-32 Total net assets or fund balancesStart of year −$48,081$263,449
X-33 Total liabilities and net assetsStart of year $9,324,447$10,974,165
Part XI · Reconciliation of net assets $263,449 net assets at year end
XI-1 Total revenue$38,184,077
XI-2 Total expenses$37,872,547
XI-3 Revenue less expenses$311,530
XI-4 Net assets at start of year−$48,081
XI-10 Net assets at end of year$263,449

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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