Civic Intelligence

Montefiore Foundation

990 • Fiscal year 2023 • EIN 34-1788055

Jul 01, 2022 to Jun 30, 2023 • Filed on Mar 11, 2024

Organization Profilewww.menorahpark.org
27100 Cedar RoadBeachwood, OH 44122

(216) 831-6500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.03x

Higher debt load relative to assets than 23% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

75th percentile

0.73x

Higher debt load relative to revenue than 75% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

1st percentile

-564%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

7th percentile

-12%

Faster asset growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-73%

Faster revenue growth than 3% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Down

$11,119,326

Down $1,540,895 (-12%) from 2022

Net Assets

Down

$10,800,216

Down $1,526,139 (-12%) from 2022

Liabilities

Down

$319,110

Down $14,756 (-4.4%) from 2022

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin1st percentile

Revenue

Down

$437,613

Down $1,200,632 (-73%) from 2022

Expenses

Up

$2,904,955

Up $1,558,522 (+116%) from 2022

Net Income

Down

-$2,467,342

Down $2,759,154 (-946%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $13,393,027Liabilities 2010: $761,110Net Assets 2010: $12,631,9172010Assets 2011: $15,646,726Liabilities 2011: $733,110Net Assets 2011: $14,913,6162011Assets 2012: $14,487,287Liabilities 2012: $607,464Net Assets 2012: $13,879,8232012Assets 2013: $16,077,799Liabilities 2013: $613,494Net Assets 2013: $15,464,3052013Assets 2014: $16,391,145Liabilities 2014: $653,361Net Assets 2014: $15,737,7842014Assets 2015: $14,092,626Liabilities 2015: $701,452Net Assets 2015: $13,391,1742015Assets 2016: $12,490,403Liabilities 2016: $704,993Net Assets 2016: $11,785,4102016Assets 2017: $13,270,048Liabilities 2017: $648,271Net Assets 2017: $12,621,7772017Assets 2018: $12,841,546Liabilities 2018: $586,029Net Assets 2018: $12,255,5172018Assets 2019: $12,333,227Liabilities 2019: $543,029Net Assets 2019: $11,790,1982019Assets 2020: $11,476,335Liabilities 2020: $581,353Net Assets 2020: $10,894,9822020Assets 2021: $14,958,715Liabilities 2021: $357,695Net Assets 2021: $14,601,0202021Assets 2022: $12,660,221Liabilities 2022: $333,866Net Assets 2022: $12,326,3552022Assets 2023: $11,119,326Liabilities 2023: $319,110Net Assets 2023: $10,800,2162023Assets 2024: $10,964,934Liabilities 2024: $336,438Net Assets 2024: $10,628,4962024

Highlighted filing

2023

Assets$11,119,326
Liabilities$319,110
Net Assets$10,800,216
Open 2023 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $2,097,5602010Expenses 2011: $1,446,6322011Expenses 2012: $1,439,3202012Expenses 2013: $1,224,5242013Revenue 2014: $1,089,811Expenses 2014: $2,877,563Net Income 2014: -$1,787,7522014Revenue 2015: $1,550,531Expenses 2015: $3,794,155Net Income 2015: -$2,243,6242015Revenue 2016: $1,026,665Expenses 2016: $2,067,230Net Income 2016: -$1,040,5652016Revenue 2017: $827,422Expenses 2017: $1,684,334Net Income 2017: -$856,9122017Revenue 2018: $1,520,823Expenses 2018: $2,634,801Net Income 2018: -$1,113,9782018Revenue 2019: $895,709Expenses 2019: $1,533,480Net Income 2019: -$637,7712019Revenue 2020: $723,034Expenses 2020: $1,313,435Net Income 2020: -$590,4012020Revenue 2021: $649,266Expenses 2021: $531,765Net Income 2021: $117,5012021Revenue 2022: $1,638,245Expenses 2022: $1,346,433Net Income 2022: $291,8122022Revenue 2023: $437,613Expenses 2023: $2,904,955Net Income 2023: -$2,467,3422023Revenue 2024: $214,277Expenses 2024: $346,771Net Income 2024: -$132,4942024

Highlighted filing

2023

Revenue$437,613
Expenses$2,904,955
Net Income-$2,467,342
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Mar 11, 2024
Return Version
2022v5.0
Gross Receipts
$571,998
Mission and Program Overview

Mission

The Montefiore Foundation was established to preserve endowment funds, to provide for proper investment of endowment funds, to allocate funds to Montefiore in accordance with its needs and donors wishes, to increase charitable support through endowment and other fundraising, and to increase community awareness and support.

The Montefiore Foundation's mission is to support Menorah Park Center for Senior Living Bet Moshav Zekenim Hadati (the "Center"), and to aid and support the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$10,328,814$8,734,053▼ $1,594,761
Cash and Non-Interest-Bearing Accounts$469,672$1,006,216▲ $536,544
Accounts Receivable$681,491$104,276▼ $577,215
Pledges and Grants Receivable$29,683$72,524▲ $42,841
Prepaid Expenses and Deferred Charges$22,396$22,396→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$12,660,221$11,119,326▼ $1,540,895
Other Assets Total$1,128,165$1,179,861▲ $51,696
Liabilities
Other Liabilities$332,108$318,171▼ $13,937
Accounts Payable and Accrued Expenses$1,758$939▼ $819
Total Liabilities$333,866$319,110▼ $14,756
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,434,262$10,853,984▼ $580,278
Net Assets Without Donor Restrictions$892,093$-53,768▼ $945,861
Total Net Assets Fund Balance$12,326,355$10,800,216▼ $1,526,139
Total Liabilities and Net Assets / Fund Balance$12,660,221$11,119,326▼ $1,540,895

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$14,791$14,791
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Other Assets Org$1,179,861--
Other Securities$195,790--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$9,138,204$73,029▲ $722,562$1,550,692$8,383,103
2021$10,249,002$755,420▼ $1,456,633$409,585$9,138,204
2020$8,489,906$38,764▲ $2,127,151$406,819$10,249,002
2019$10,424,789$-61,486▼ $159,000$1,714,397$8,489,906
2018$10,541,810$16,827▲ $159,239$293,087$10,424,789
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Ken MarblestonePresident
Harry SingerTrustee
Judy WillenskyTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$503,300
Program Service Revenue
$0
Investment Income
$48,918
Other Revenue
$-114,605
All Other Contributions
$90,051
Change in Net Assets
$-2,467,342
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,840,170
Other Expenses$64,785
Total Fundraising Expense$1,786
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,840,170--$2,840,170
Fees for Services Legal-$62,999-$62,999
Office Expenses--$1,286$1,286
Occupancy--$500$500
Total Functional Expenses$2,840,170$62,999$1,786$2,904,955
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Montefiore HomeBeachwood, OH501(c)(3)Program Support$2,246,845
Menorah Park Center for Senior LivingBeachwood, OH501(c)(3)Program Support$589,123

International Summary

Offices
0
Employees
0
Spending
$195,790

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaInvestments-00$195,790
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$134,385
Fundraising Gross Income$19,780
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Shining Star CLE$372,039$19,780$43,514$-23,734
Total Events$372,039$19,780$134,385$-114,605
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuity Obligations$318,171
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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 B, Line 11B

“A sub-committee of the Audit Committee of Menorah Park Center for Senior Living and an independent CPA firm, as the board designees, review the Form 990 prior to submission. Senior management reviews and approves the form while completing and overseeing the process for completion. The Board of Trustees is provided a copy of the return prior to filing with the IRS.”

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

“Annually, the Montefiore Foundation sends a copy of its Conflict of Interest policy to all trustees, officers, committee members and key employees. These "Key Individuals" are required to disclose any transactions where the interests of the Foundation and the Key Individual (or spouse or other family member of a Key Individual) could potentially be in conflict. The Conflict of Interest policy is reviewed annually at the initial meeting of the Board of Trustees following the Foundation's annual meeting, and each Key Individual is provided with a copy of the policy upon commencement of his or her position as such Key Individual. Non compliance with the conflict of interest policy could result in disciplinary action including removal from association with the Montefiore Foundation. The Conflict of Interest policy is regularly and consistently monitored and enforced by the compliance officer.”

Form 990, Part VI, Section C, Line 19

“Montefiore Foundation maintains copies of all governing documents and financial reports at its main offices in Beachwood, OH. Copies of these documents are available to the public upon request, for the same period of time as set forth in IRC section 6104(d).”

Filing and Contact Details

Filer

Filer Name
Montefiore Foundation
EIN
34-1788055
Phone
2168316500
Address
27100 Cedar Road, Beachwood, OH 44122

Signing Officer

Name
Jodi Naderhoff
Title
CFO
Phone
2168396672
Signed
2024-03-11

Organization Details

Principal Officer
Diane Liliestedt
Formed
1994
Legal Domicile
Oh
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Change in Value of Assets Held by Others $51,696 Change in Value of Charitable Gift Annuities $44,105”

Financial Statement Notes

Schedule D, Part V, Line 4

“The eligible portions of the endowment funds are used to help fund special activities and certain expenses incurred by the Montefiore Home and Montefiore Housing Corporation.”

Schedule D, Part X, Line 2

“The Foundation adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Foundation, and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At June 30, 2023, there were no unrecognized tax benefits identified or recorded as liabilities.”

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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/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0523080
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01166116
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0681363
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0837946
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0935738
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04144243
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt048918
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0530681
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt070796
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt082535
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0108829
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0841759
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67110
IRS990ScheduleA/PublicSupportPY170Pct00.75066
IRS990ScheduleA/PublicSupportTotal170Amt03349160
IRS990ScheduleA/SubstantialContributorsTotAmt0795083
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0523080
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01166116
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0681363
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0837946
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0935738
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04144243
IRS990ScheduleA/TotalSupportAmt04990532
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt02192
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt02338
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt04530
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt09138204
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt073029
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt08383103
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0722562
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt01550692
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt010249002
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0755420
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt09138204
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1456633
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0409585
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt08489906
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt038764
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt010249002
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02127151
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0406819
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt010424789
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0-61486
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt08489906
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-159000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt01714397
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt010541810
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt016827
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt010424789
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0159239
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0293087
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014791
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014791
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01179861
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Assets Held by Others
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0318171
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Charitable Gift Annuity Obligations
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt08538263
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1195790
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Global Equity Funds - Pooled Funds at JFC
IRS990ScheduleD/OtherSecuritiesGrp/Desc1State of Israel Bonds
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The eligible portions of the endowment funds are used to help fund special activities and certain expenses incurred by the Montefiore Home and Montefiore Housing Corporation.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Foundation adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Foundation, and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At June 30, 2023, there were no unrecognized tax benefits identified or recorded as liabilities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part V, Line 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part X, Line 2
IRS990ScheduleD/TermEndowmentBalanceEOYPct01
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01179861
IRS990ScheduleD/TotalBookValueSecuritiesAmt08734053
IRS990ScheduleD/TotalLiabilityAmt0318171
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0195790
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Middle East and North Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Investments
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0195790
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt021000
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt021000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0352259
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0352259
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0134385
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt028700
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt028700
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Shining Star CLE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt016171
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt016171
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0372039
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0372039
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt019780
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt019780
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-114605
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt043514
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt043514
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt025000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt025000
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt02246845
IRS990ScheduleI/RecipientTable/CashGrantAmt1589123
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Program Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Program Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Montefiore Home

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,119,326
Liabilities
$319,110
Net assets
$10,800,216
Revenue
$437,613
Expenses
$2,904,955
Net income
-$2,467,342
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.0$0.34$10.6$0.21$0.35$0.13
2023Detailed filing. Detailed filing data is available for this year.$11.1$0.32$10.8$0.44$2.90$2.47
2022Detailed filing. Detailed filing data is available for this year.$12.7$0.33$12.3$1.64$1.35$0.29
2021Detailed filing. Detailed filing data is available for this year.$15.0$0.36$14.6$0.65$0.53$0.12
2020Detailed filing. Detailed filing data is available for this year.$11.5$0.58$10.9$0.72$1.31$0.59
2019Detailed filing. Detailed filing data is available for this year.$12.3$0.54$11.8$0.90$1.53$0.64
2018Detailed filing. Detailed filing data is available for this year.$12.8$0.59$12.3$1.52$2.63$1.11
2017Detailed filing. Detailed filing data is available for this year.$13.3$0.65$12.6$0.83$1.68$0.86
2016Detailed filing. Detailed filing data is available for this year.$12.5$0.70$11.8$1.03$2.07$1.04
2015Detailed filing. Detailed filing data is available for this year.$14.1$0.70$13.4$1.55$3.79$2.24
2014Detailed filing. Detailed filing data is available for this year.$16.4$0.65$15.7$1.09$2.88$1.79
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$0.61$15.5$1.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.5$0.61$13.9$1.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$0.73$14.9$1.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$0.76$12.6$2.10