Liabilities / Assets
83rd percentile
Higher debt load relative to assets than 83% of similar nonprofits.
Harry and Jeanette Weinberg Gardens Housing Development Fund Co Inc
EIN 13-3865179 • 501(c)3 • New York, NY
Profile
The purpose of the Harry and Jeanette Weinberg Riverdale House (referred to as Riverdale House) is to provide safe, affordable, independent living for income-eligible older adults.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
1.48x
Liabilities / Revenue
80th percentile
Higher debt load relative to revenue than 80% of similar nonprofits.
Net Margin
30th percentile
Higher net margin than 30% of similar nonprofits.
Top Officer Pay
100th percentile
Higher top officer pay than 100% of similar nonprofits.
Top officer pay equals 108.3% of source-year revenue.
Asset Growth
48th percentile
Faster asset growth than 48% of similar nonprofits.
Revenue Growth
65th percentile
Faster revenue growth than 65% of similar nonprofits.
Balance Sheet
Assets
Down$4,859,724
Down $82,965 (-1.7%) from 2023
Liabilities
Up$7,199,327
Up $124,600 (+1.8%) from 2023
Net Assets
Down-$2,339,603
Down $207,565 (-9.7%) from 2023
Revenue
Up$1,030,624
Up $70,569 (+7.4%) from 2023
Expenses
Up$1,238,189
Up $28,762 (+2.4%) from 2023
Net Income
Up-$207,565
Up $41,807 (+17%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $4,859,724
- Liabilities
- $7,199,327
- Net assets
- -$2,339,603
- Revenue
- $1,030,624
- Expenses
- $1,238,189
- Net income
- -$207,565
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 4, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $1,030,624
Mission and Program Overview
Mission
The purpose of the harry and jeanette weinberg riverdale house (referred to as riverdale house) is to provide safe, affordable, independent living for income-eligible older adults.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $3,622,829 | $3,456,903 | ▼ $165,926 |
| Cash and Non-Interest-Bearing Accounts | $13,294 | $110,713 | ▲ $97,419 |
| Savings and Temporary Cash Investments | $135,047 | $70,602 | ▼ $64,445 |
| Accounts Receivable | $18,199 | $7,187 | ▼ $11,012 |
| Prepaid Expenses and Deferred Charges | $192 | $162 | ▼ $30 |
| Total Assets | $4,942,689 | $4,859,724 | ▼ $82,965 |
| Other Assets Total | $1,153,128 | $1,214,157 | ▲ $61,029 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $6,335,700 | $6,335,700 | → $0 |
| Accounts Payable and Accrued Expenses | $621,753 | $722,623 | ▲ $100,870 |
| Other Liabilities | $94,111 | $117,115 | ▲ $23,004 |
| Escrow Account Liability | $17,212 | $19,278 | ▲ $2,066 |
| Deferred Revenue | $5,951 | $4,611 | ▼ $1,340 |
| Total Liabilities | $7,074,727 | $7,199,327 | ▲ $124,600 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-2,132,038 | $-2,339,603 | ▼ $207,565 |
| Total Net Assets Fund Balance | $-2,132,038 | $-2,339,603 | ▼ $207,565 |
| Total Liabilities and Net Assets / Fund Balance | $4,942,689 | $4,859,724 | ▼ $82,965 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,183,784 | $5,444,965 | $8,628,749 |
| Land | $250,000 | - | $250,000 |
| Equipment | $23,119 | $117,820 | $140,939 |
| Other Assets Org | $19,456 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| William Blumstein | Chair |
| Jeffrey Farber Md | President and CEO |
| Aran Ron Md | Vice-chair |
| Peter Hess | Director |
| Mark Weiss | CFO |
| Lisa Feiner | Secretary |
| Alan Altschuler | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $977,881
- Investment Income
- $51,037
- Other Revenue
- $1,706
- Change in Net Assets
- $-207,565
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $1,030,624
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $1,030,624
- Total Revenue per Form 990
- $1,030,624
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,238,189 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $375,367 | - | - | $375,367 |
| Fees for Services Management | $195,750 | $72,080 | - | $267,830 |
| Fees for Services Other | $242,865 | - | - | $242,865 |
| Depreciation Depletion | $221,342 | - | - | $221,342 |
| Office Expenses | $30,157 | - | - | $30,157 |
| Fees for Services Accounting | - | $16,400 | - | $16,400 |
| Fees for Services Legal | $5,975 | - | - | $5,975 |
| Insurance | $4,616 | - | - | $4,616 |
| Other Expenses | $446 | - | - | $446 |
| Total Functional Expenses | $1,149,709 | $88,480 | $0 | $1,238,189 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,238,189 |
| Total Expenses per Audited Statements | $1,238,189 |
| Total Expenses per Form 990 | $1,238,189 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Due to Related Organizations | $117,115 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- 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
- Yes
Governance Explanations
Form 990, Part VI, Section A, Line 3
“The board of directors of harry & jeanette weinberg riverdale housing hdfc has outsourced the management of the property to a property management company which is responsible for the collection of rents, payment of bills, making periodic inspections of the building, making any necessary repairs to the building, preparing monthly financial statements and submitting them to the owner.”
Form 990, Part VI, Section A, Line 6
“The sole member of the organization is jewish home lifecare, harry and jeanette weinberg campus, bronx, a new york not-for-profit corporation.”
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, officers, and key employees are provided a copy of the conflict of interest policy and are asked to review the policy and to disclose any potential or actual conflicts that may have occurred since the last disclosure. The audit and compliance committee of the board reviews the disclosures as summarized by the compliance committee. 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 decision 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 governing documents, conflict of interest policy, and financial statements are available to the public upon request”
Filing and Contact Details
Filer
- Filer Name
- Harry & Jeanette Weinberg Riverdale
- EIN
- 13-3865179
- Phone
- 2128705000
- Address
- 120 WEST 106TH ST, NEW YORK, NY 10025
- Doing Business As
- The New Jewish Home Harry and Jeanette Weinberg Riverdale House
Signing Officer
- Name
- Mark Weiss
- Title
- CFO
- Phone
- 2128705000
- Signed
- 2025-11-04
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Jeffrey Farber Md
- Formed
- 1995
- Legal Domicile
- Ny
- Voting Board Members
- 7
- Independent Board Members
- 5
- Employees
- 0
- 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
Additional Explanations
Form 990, Part I, Item C
“Dba: the new jewish home harry and jeanette weinberg riverdale house dba: the new jewish home harry and jeanette weinberg riverdale house”
Form 990, Part IX, Line 11G
“Other fees: program service expenses 242,865. Management and general expenses 0. Fundraising expenses 0. Total expenses 242,865.”
Financial Statement Notes
PART IV, LINE 2B:
“Riverdale house is required to place tenant security deposits into an interest-bearing account. All tenant security deposits are considered the property of the tenant and may not be commingled with personal monies or become an asset of riverdale house. Upon cessation of each tenant's stay at riverdale house, the security deposit is returned to the tenant or a family member.”
PART X, LINE 2:
“The corporation has applied for and received a determination letter from the internal revenue service ("irs") to be treated as a tax-exempt entity pursuant to section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the year ended december 31, 2024. Due to its tax-exempt status, the corporation is not subject to income taxes. Management has analyzed the tax positions taken by the corporation 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 financial statements. The corporation is required to file and does file informational returns with the irs and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Informational returns filed by the corporation are subject to examination by the internal revenue service for a period of three years. While no informational returns are currently being examined by the irs, tax years since 2021 remain open.”
Raw XML AppendixShowing 400 of 760 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.
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 722623 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 18199 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 7187 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THE PURPOSE OF THE HARRY AND JEANETTE WEINBERG RIVERDALE HOUSE (REFERRED TO AS RIVERDALE HOUSE) IS TO PROVIDE SAFE, AFFORDABLE, INDEPENDENT LIVING FOR INCOME-ELIGIBLE OLDER ADULTS. |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2128705000 |
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| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NEW YORK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10025 |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 110713 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
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| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 1 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 51037 |
| IRS990/CYOtherExpensesAmt | 0 | 1238189 |
| IRS990/CYOtherRevenueAmt | 0 | 1706 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 977881 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -207565 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 1238189 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1030624 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
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| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 4611 |
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| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 221342 |
| IRS990/Desc | 0 | THE RIVERDALE HOUSE IS AN AFFILIATE OF JEWISH HOME LIFECARE (D/B/A THE NEW JEWISH HOME) JEWISH HOME WAS ONE OF THE FIRST HEALTH SYSTEMS TO PROVIDE SUBSIDIZED HOUSING FOR INDEPENDENT ELDERS WITH SUPPORTIVE SERVICES, THIS BUILDING REPRESENTS JEWISH HOME'S FIRST SECTION 202 HUD PROGRAM. THE RIVERDALE HOUSE IS A HOUSING AND URBAN DEVELOPMENT (HUD) SECTION 202 RENT-SUBSIDIZED APARTMENT BUILDING FOR LOW-INCOME SENIORS. THE 63 ONE-BEDROOM APARTMENT BUILDING OFFERS SECURE LIVING IT IS LOCATED AT 6477 BROADWAY, RIVERDALE NY, 10471. THE BUILDING WAS MADE POSSIBLE BY A GRANT FROM THE HARRY AND JEANETTE WEINBERG FOUNDATION, ONE OF THE LARGEST PRIVATE FOUNDATIONS IN THE UNITED STATES. THE WEINBERG FOUNDATION PROVIDES GRANTS TO NOT-FOR-PROFITS THAT OFFER SERVICES TO LOW-INCOME AND VULNERABLE INDIVIDUALS AND FAMILIES. |
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| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DoingBusinessAsName/BusinessNameLine1Txt | 0 | THE NEW JEWISH HOME HARRY AND JEANETTE WEINBERG RIVERDALE HOUSE |
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| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
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| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 19278 |
| IRS990/ExpenseAmt | 0 | 1149709 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
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| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 16400 |
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| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 5975 |
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| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 267830 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 2.60 |
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| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 55 |
| IRS990/MissionDesc | 0 | THE PURPOSE OF THE HARRY AND JEANETTE WEINBERG RIVERDALE HOUSE (REFERRED TO AS RIVERDALE HOUSE) IS TO PROVIDE SAFE, AFFORDABLE, INDEPENDENT LIVING FOR INCOME-ELIGIBLE OLDER ADULTS. |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 2,087. 2021 AMOUNT: $ 4,638. 2022 AMOUNT: $ 952. 2023 AMOUNT: $ 952. 2024 AMOUNT: $ 55. LAUNDRY AND VENDING - 2020 AMOUNT: $ 2,751. 2021 AMOUNT: $ 1,540. 2022 AMOUNT: $ 1,885. 2023 AMOUNT: $ 1,949. 2024 AMOUNT: $ 1,651. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | REPLACEMENT RESERVES |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | RESIDUAL RECEIPTS RESERVE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | ESCROWS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | TENANT DEPOSIT |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO RELATED ORGANIZATIONS |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | RIVERDALE HOUSE IS REQUIRED TO PLACE TENANT SECURITY DEPOSITS INTO AN INTEREST-BEARING ACCOUNT. ALL TENANT SECURITY DEPOSITS ARE CONSIDERED THE PROPERTY OF THE TENANT AND MAY NOT BE COMMINGLED WITH PERSONAL MONIES OR BECOME AN ASSET OF RIVERDALE HOUSE. UPON CESSATION OF EACH TENANT'S STAY AT RIVERDALE HOUSE, THE SECURITY DEPOSIT IS RETURNED TO THE TENANT OR A FAMILY MEMBER. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION 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 FINANCIAL STATEMENTS. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE INFORMATIONAL RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INFORMATIONAL RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INFORMATIONAL RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART IV, LINE 2B: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART X, LINE 2: |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | JEFFREY FARBER MD |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | MARK WEISS |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT AND CEO |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | CFO |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 1 | 0 |
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| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | THE PRESIDENT AND CEO'S COMPENSATION IS DETERMINED BY RELATED ORGANIZATION, JHL CORPORATE SERVICES, INC. |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 1 | THE PRESIDENT AND CEO PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN WITH A RELATED ORGANIZATION. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 3 |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART I, LINE 4B |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 1 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DBA: THE NEW JEWISH HOME HARRY AND JEANETTE WEINBERG RIVERDALE HOUSE DBA: THE NEW JEWISH HOME HARRY AND JEANETTE WEINBERG RIVERDALE HOUSE |
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