HRCA Brookline Housing 112-120 Centre Court Inc

EIN: 030372998 501(c)(3) Housing & Shelter

Boston, MA

Total Revenue
$2,543,753
Total Expenses
$2,726
Total Assets
$13,959,614
Net Assets
$13,959,614
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MA
Phone
6173258000
Tax Period
2023-10-01 to 2024-09-30

HRCA Brookline Housing 112-120 Centre Court Inc, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 158885% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 100% operating margin.

Mission

As an affiliate of Hebrew Seniorlife, Inc. (HSL), the mission of HRCA Brookline Housing 112-120 Centre Court, Inc. (DBA The Julian and Carol Feinberg Cohen Residences) is to honor our elders, by respecting and promoting their independence, spiritual vigor, dignity and choice, and recognizing that they are a resource to be cherished. As part of our mission, we accept special responsibility for the frailest and neediest members of our community who are most dependent on our care. The Julian and Carol Feinberg Cohen Residences seeks to fulfill its mission by: - Building and leasing quality senior housing through innovation and leadership, - Providing quality health care for resident via an on-site clinic and 24/7 on-call services, - Facilitating positive social interaction to improve physical, mental, and social health, - Creating opportunities for residents to connect with local educational and assistance programs.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,942,064
Investment Income $601,689
Other Revenue $0
TOTAL REVENUE $2,543,753

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $2,726
TOTAL EXPENSES $2,726

Year-over-Year Comparison

2023 2022 Change
Revenue $2,543,753 $1,600 +1588.8%
Expenses $2,726 $2,713 +0.0%
Net Income $2,541,027 $-1,113 -2284.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
2
Employees
N/A
Volunteers
2

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$2,569,781
Total Directors
6
$2,569,781
Key Employees
11
$4,513,071
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES D HART SECRETARY & CHIEF FIN. OFFICER 0.5
Officer Director
$0 $82,599 $580,366
LOUIS J WOOLF PRESIDENT AND CEO (THRU 7/2023, RETURNED 5/2024 TO CURRENT) 0.5
Officer Director
$0 $84,903 $1,111,402
MARSHA COHEN TREASURER 0.1
Officer Director
$0 $0 $0
MELISSA BAYER TEARNEY BOARD CHAIR (THRU 9/30/23) 0.1
Officer Director
$0 $0 $0
RICHARD J HENKEN CHAIR ELECT (EFFECTIVE 10/1/23) 0.1
Officer Director
$0 $0 $0
STEVEN LANDERS PRESIDENT AND CEO (7/2023 - 5/2024) 0.5
Officer Director
$0 $39,841 $878,013
ERIC ROGERS CHIEF INFORMATION OFFICER 0.5
Key Emp
$0 $87,189 $438,323
JAMES BROWN EXECUTIVE DIRECTOR OF CCB 2.5
Key Emp
$0 $30,657 $224,449
KATELYN QUYNN CHIEF DEV OFF & VP BOARD REL 0.5
Key Emp
$0 $59,137 $439,718
KATHYRN W TASKER CHIEF SPONSORED AWARDS OFFICER 1.0
Key Emp
$0 $84,279 $362,109
KIMBERLY J BROOKS CHIEF OP. OFFICER, SEN LIVING 1.0
Key Emp
$0 $71,184 $446,384
LEWIS LIPSITZ MD DIR, HMIFAR & CHIEF ACAD. OFF 1.0
Key Emp
$0 $93,718 $509,310
LINDA THOMPSON CHIEF PEOPLE OFFICER 0.5
Key Emp
$0 $77,367 $432,449
MANDEL I ERNEST MD CHIEF MEDICAL OFFICER 0.5
Key Emp
$0 $63,347 $437,179
RACHEL LERNER ESQUIRE GEN. CNSL. & CHIEF COMP. OFF 0.5
Key Emp
$0 $74,001 $465,082
SARAH L SYKORA CHIEF COMM. & PLAN OFFICER 0.5
Key Emp
$0 $71,659 $381,463
TAMMY B RETALIC MS RN CHIEF NURSING OFF. & VP PCS 1.0
Key Emp
$0 $80,270 $376,605
DAMIAN ISCHOP ASSISTANT DIRECTOR OF MAINTENANCE 2.5
Highest
$0 $20,956 $95,689
JAMES DORMADY DIRECTOR OF FACILITIES 2.5
Highest
$0 $27,775 $151,078
JILL MACDONALD ASSOCIATE EXECUTIVE DIRECTOR, CCB 2.5
Highest
$0 $19,246 $127,341
MASANO MURATA DIRECTOR OF FINANCE 2.5
Highest
$0 $19,726 $165,280
SOPHIA F SMITH DIRECTOR OF SUPPORTIVE HOUSING COMP & OCCUPAN 2.5
Highest
$0 $45,647 $160,710
MARY MOSCATO FACHE PRESIDENT, HSL HC SVCS. & HRC 1.0
$0 $47,510 $765,256
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,543,753 $2,726 $13,959,614 $2,541,027
2023 $1,600 $2,713 $11,904,194 $-1,113
2022 $2,438,009 $2,879 $11,905,307 $2,435,130
2021 $2,373,754 $5,146 $10,453,513 $2,368,608
2020 No data No data $7,595,224 No data
2019 No data No data $7,595,224 No data
2018 $13,076,715 $5,979 $7,610,905 $13,070,736
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