Civic Intelligence

Fund for the Aged Inc

EIN 13-3603516 • 501(c)3 • New York, NY

Profile

Our mission is to empower older adults to enhance purpose and well-being through a portfolio of innovative health care services.

Refreshing map…

120 West 106th StNew York, NY 10025

www.jewishhome.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

NTEE P • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

10th percentile

0.03x

Higher debt load relative to revenue than 10% of similar nonprofits.

NTEE P • $50M-$100M nonprofits • Source year 2024

Net Margin

10th percentile

-7.7%

Higher net margin than 10% of similar nonprofits.

NTEE P • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

95th percentile

$1,116,400

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

NTEE P • $50M-$100M nonprofits • Source year 2024

Asset Growth

22nd percentile

0.9%

Faster asset growth than 22% of similar nonprofits.

NTEE P • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

22%

Faster revenue growth than 79% of similar nonprofits.

NTEE P • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$95,100,235

Up $865,542 (+0.9%) from 2023

Liabilities

Up

$194,508

Up $93,631 (+93%) from 2023

Net Assets

Up

$94,905,727

Up $771,911 (+0.8%) from 2023

Operations
Liabilities / Revenue10th percentileNet Margin10th percentile

Revenue

Up

$7,258,050

Up $1,293,762 (+22%) from 2023

Expenses

Down

$7,819,001

Down $3,194,127 (-29%) from 2023

Net Income

Up

-$560,951

Up $4,487,889 (+89%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth22nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $89,060,950Liabilities 2010: $4,641,359Net Assets 2010: $84,419,5912010Assets 2011: $81,171,869Liabilities 2011: $4,525,829Net Assets 2011: $76,646,0402011Assets 2012: $89,915,923Liabilities 2012: $4,624,713Net Assets 2012: $85,291,2102012Assets 2013: $93,386,371Liabilities 2013: $3,840,901Net Assets 2013: $89,545,4702013Assets 2014: $88,610,365Liabilities 2014: $2,340,942Net Assets 2014: $86,269,4232014Assets 2015: $79,369,270Liabilities 2015: $1,404,391Net Assets 2015: $77,964,8792015Assets 2016: $133,286,152Liabilities 2016: $1,755,164Net Assets 2016: $131,530,9882016Assets 2017: $131,631,013Liabilities 2017: $1,328,164Net Assets 2017: $130,302,8492017Assets 2018: $126,415,205Liabilities 2018: $6,832,877Net Assets 2018: $119,582,3282018Assets 2019: $109,638,229Liabilities 2019: $2,982,864Net Assets 2019: $106,655,3652019Assets 2020: $109,939,296Liabilities 2020: $2,302,810Net Assets 2020: $107,636,4862020Assets 2021: $112,659,825Liabilities 2021: $840,507Net Assets 2021: $111,819,3182021Assets 2022: $97,079,912Liabilities 2022: $749,759Net Assets 2022: $96,330,1532022Assets 2023: $94,234,693Liabilities 2023: $100,877Net Assets 2023: $94,133,8162023Assets 2024: $95,100,235Liabilities 2024: $194,508Net Assets 2024: $94,905,7272024

Highlighted filing

2024

Assets$95,100,235
Liabilities$194,508
Net Assets$94,905,727
Open 2024 Filing

Operations Trend

Revenue Growth79th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$20M$0-$20MExpenses 2010: $5,656,4372010Expenses 2011: $7,680,7712011Expenses 2012: $7,964,0942012Revenue 2013: $13,731,674Expenses 2013: $16,148,733Net Income 2013: -$2,417,0592013Revenue 2014: $12,032,484Expenses 2014: $17,930,784Net Income 2014: -$5,898,3002014Revenue 2015: $11,580,097Expenses 2015: $13,766,270Net Income 2015: -$2,186,1732015Revenue 2016: $7,366,391Expenses 2016: $7,675,281Net Income 2016: -$308,8902016Revenue 2017: $9,132,833Expenses 2017: $14,991,183Net Income 2017: -$5,858,3502017Revenue 2018: $8,729,547Expenses 2018: $15,352,778Net Income 2018: -$6,623,2312018Revenue 2019: $8,799,825Expenses 2019: $26,477,972Net Income 2019: -$17,678,1472019Revenue 2020: $8,972,478Expenses 2020: $12,535,556Net Income 2020: -$3,563,0782020Revenue 2021: $9,285,685Expenses 2021: $6,222,986Net Income 2021: $3,062,6992021Revenue 2022: $5,125,717Expenses 2022: $9,688,721Net Income 2022: -$4,563,0042022Revenue 2023: $5,964,288Expenses 2023: $11,013,128Net Income 2023: -$5,048,8402023Revenue 2024: $7,258,050Expenses 2024: $7,819,001Net Income 2024: -$560,9512024

Highlighted filing

2024

Revenue$7,258,050
Expenses$7,819,001
Net Income-$560,951
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$95,100,235
Liabilities
$194,508
Net assets
$94,905,727
Revenue
$7,258,050
Expenses
$7,819,001
Net income
-$560,951
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.1$0.19$94.9$7.26$7.82$0.56
2023Detailed filing. Detailed filing data is available for this year.$94.2$0.10$94.1$5.96$11.0$5.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.1$0.75$96.3$5.13$9.69$4.56
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$0.84$112$9.29$6.22$3.06
2020Detailed filing. Detailed filing data is available for this year.$110$2.30$108$8.97$12.5$3.56
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$110$2.98$107$8.80$26.5$17.7
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$126$6.83$120$8.73$15.4$6.62
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$132$1.33$130$9.13$15.0$5.86
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$133$1.76$132$7.37$7.68$0.31
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$79.4$1.40$78.0$11.6$13.8$2.19
2014Detailed filing. Detailed filing data is available for this year.$88.6$2.34$86.3$12.0$17.9$5.90
2013Detailed filing. Detailed filing data is available for this year.$93.4$3.84$89.5$13.7$16.1$2.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.9$4.62$85.3$7.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.2$4.53$76.6$7.68
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.1$4.64$84.4$5.66
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 15, 2025
Return Version
2024v5.2
Gross Receipts
$69,646,038
Mission and Program Overview

Mission

Our mission is to empower older adults to enhance purpose and well-being through a portfolio of innovative health care services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$23,472,768$23,638,975▲ $166,207
Investments Other Securities$27,389,292$18,749,942▼ $8,639,350
Savings and Temporary Cash Investments$6,262,338$3,374,607▼ $2,887,731
Pledges and Grants Receivable$600,585$958,931▲ $358,346
Cash and Non-Interest-Bearing Accounts$884,430$538,645▼ $345,785
Prepaid Expenses and Deferred Charges$125,789$102,743▼ $23,046
Accounts Receivable$39,710$23,334▼ $16,376
Land, Buildings, and Equipment, Net$519,975$15,713▼ $504,262
Total Assets$94,234,693$95,100,235▲ $865,542
Other Assets Total$34,939,806$47,697,345▲ $12,757,539
Liabilities
Accounts Payable and Accrued Expenses$11,612$115,224▲ $103,612
Other Liabilities$89,265$79,284▼ $9,981
Total Liabilities$100,877$194,508▲ $93,631
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$54,829,069$57,323,750▲ $2,494,681
Net Assets With Donor Restrictions$39,304,747$37,581,977▼ $1,722,770
Total Net Assets Fund Balance$94,133,816$94,905,727▲ $771,911
Total Liabilities and Net Assets / Fund Balance$94,234,693$95,100,235▲ $865,542

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,713$71,212$86,925
Other Assets Org$5,280--
Other Securities$18,749,942--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$9,625,766$1,500▲ $667,619$629,763$9,665,122
2023$9,619,053$1,500▲ $708,697$-703,484$9,625,766
2022$10,508,447$1,000▼ $728,031$-162,363$9,619,053
2021$9,679,826$3,250▲ $1,232,058$406,687$1,050,844
2020$8,375,413$2,250▲ $1,374,010$71,847$9,679,826
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alyssa HermanChief Development OfficerFT$316,450$64,046$380,496
Tamara ThompsonSenior DirectorFT$149,247$30,719$179,966
Tamar MajorVP of DevelopmentFT$119,166$32,302$151,468

Board Members and Trustees

NameTitle
William BlumsteinChair
Jeffrey I Farber MdPresident & CEO
Aran Ron MdVice Chair
Jonathan HochbergDirector
Michael LuskinDirector
Mark WeissCFO
Lisa FeinerSecretary
Alan AltschulerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Core Z Operations LLCConsulting Services1450 BROADWAY 40TH FLOOR, New York, NY 10018$130,913
Bolton-st Johns LLCBusiness Development Service146 STATE ST, Albany, NY 12207$104,500
Revenue and Support

Revenue Composition

Contributions and Grants
$4,246,909
Program Service Revenue
$0
Investment Income
$3,331,622
Other Revenue
$-320,481
All Other Contributions
$2,528,110
Change in Net Assets
$-560,951

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,032,427
Revenue Not Reported on Financial Statements
$225,623
Revenue Not Reported on Form 990
$153,491,127
Other Revenue Adjustments
$-42,360
Total Revenue per Audited Statements
$160,523,554
Total Revenue per Form 990
$7,258,050
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,092,342
Total Fundraising Expense$1,270,405
Salaries, Compensation, and Employee Benefits$890,549
Other Expenses$836,110
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,092,342--$6,092,342
Other Salaries and Wages--$658,451$658,451
Fees for Service Investment Mgmnt Fees-$267,983-$267,983
Fees for Services Other--$177,735$177,735
Other Employee Benefits--$156,811$156,811
Fees for Services Management--$64,906$64,906
Occupancy--$59,176$59,176
Payroll Taxes--$45,235$45,235
Pension Plan Contributions--$30,052$30,052
Advertising--$23,000$23,000
Office Expenses--$16,162$16,162
Information Technology--$11,020$11,020
Travel--$8,808$8,808
Depreciation Depletion--$8,466$8,466
Other Expenses-$188,271$5,039$5,039
Fees for Services Legal--$4,127$4,127
Conferences and Meetings--$1,167$1,167
All Other Expenses--$250$250
Total Functional Expenses$6,092,342$456,254$1,270,405$7,819,001

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$176,447,426
Expenses Not Reported on Form 990$168,896,408
Total Expenses per Form 990$7,819,001
Expenses per Audited Statements$7,551,018
Expenses Not Reported on Financial Statements$267,983
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jewish Home Lifecare Harry and Jeanette Weinberg Bronx CampusNew York, NY501(c)(3)Unrestricted Grant to Support the Organizations Mission$0
Jewish Home Lifecare ManhattanNew York, NY501(c)(3)Unrestricted Grant to Support the Organizations Mission$0
Jewish Home Lifecare Sarah Neuman CenterNew York, NY501(c)(3)Unrestricted Grant to Support the Organizations Mission$0
Jewish Home Lifecare Spectrum Services IncNew York, NY-Home Assistant Support$0
Jewish Home Lifecare University Avenue Assisted Living IncNew York, NY501(c)(3)Unrestricted Grant to Support the Organizations Mission$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$371,931
Fundraising Gross Income$51,450
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$1,077,530$51,450$89,231$-37,781
Total Events$1,077,530$51,450$371,931$-320,481
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Insurance Claim$79,284
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The sole member of the organization is jewish home lifecare, a new york not-for-profit.”

Form 990, Part VI, Section A, Line 7A

“Jewish home lifecare may elect one or more members of the governing body.”

Form 990, Part VI, Section B, Line 11B

“A draft of the completed return is reviewed by management. Any comments arising from the review are discussed and if required, changes are made. The draft is submitted to the audit and compliance chair of the new jewish home and subsidiaries for its review and approval. Once the audit and compliance chair completes his review, a copy of the draft return was provided to all board members.”

Form 990, Part VI, Section B, Line 12C

“Annually all board members, officer, and key employees are provided a copy of the conflict of interest policy and are asked to review the policy and disclose any potential or actual conflicts of interest that made have occurred since the last disclosure. The audit and compliance committee of the board reviews the disclosures as summarized by the compliance department. All identified conflicts of interest are discussed and either approved or rejected by the board. If the board of directors or the governance committee determines that a conflict of interest exists, the director with the conflict may not take part in the discussion process to which the conflict relates. Such disclosure and the fact that the director did not vote or participate in the deliberations is recorded in the relevant minutes.”

Form 990, Part VI, Section C, Line 19

“The organization makes all documents available upon request”

Filing and Contact Details

Filer

Filer Name
Fund for the Aged Inc
EIN
13-3603516
Phone
2128705000
Address
120 WEST 106TH ST, NEW YORK, NY 10025

Signing Officer

Name
Mark Weiss
Title
CFO
Phone
2128705000
Signed
2025-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Farber Md
Formed
1991
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
10
Volunteers
5

Preparer

Firm
Cohnreznick Advisory LLC
Address
1301 AVENUE OF THE AMERICAS, NEW YORK, NY 10019
Preparer
Lori Rothe Yokobosky
Phone
2122970400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Management has analyzed the tax positions taken by the home and has concluded that, as of december 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. The home's federal and state income tax returns prior to fiscal year 2021 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. If applicable, the home would recognize interest and penalties associated with tax matters as part of general and administrative expenses in the consolidated statements of activities and include accrued interest and penalties in accrued expenses in the consolidated statements of financial position.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Related organization revenues 167,936,986. Intercompany eliminations -15,778,721.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Reclassed fundraising expenses -42,360.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Related organization expenses 188,393,745. Intercompany eliminations -19,539,697. Reclassed fundraising expenses 42,360.”

Raw XML AppendixShowing 400 of 939 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0115224
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IRS990/AccountsReceivableGrp/EOYAmt023334
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0OUR MISSION IS TO EMPOWER OLDER ADULTS TO ENHANCE PURPOSE AND WELL-BEING THROUGH A PORTFOLIO OF INNOVATIVE HEALTH CARE SERVICES.
IRS990/AdvertisingGrp/FundraisingAmt023000
IRS990/AdvertisingGrp/TotalAmt023000
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IRS990/AllOtherExpensesGrp/TotalAmt0250
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IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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