JEWISH HOME FOR AGED FOUNDATION INC

EIN: 042921313 501(c)(3) Human Services

WORCESTER, MA

Total Revenue
$1,048,057
Total Expenses
$591,654
Total Assets
$17,595,846
Net Assets
$17,577,096
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MA
Principal Officer
JAY AFRAME
Phone
5087988653
Tax Period
2024-01-01 to 2024-12-31

JEWISH HOME FOR AGED FOUNDATION INC, founded in 1986, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $456K, a strong 44% operating margin.

Mission

TO MAKE GRANTS TO THE JEWISH HEALTHCARE CENTER, INC. TO SUPPLEMENT 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,048,057
Other Revenue $0
TOTAL REVENUE $1,048,057

Expense Breakdown

Grants Paid $537,310
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $537,310
Other Expenses $54,344
TOTAL EXPENSES $591,654

Year-over-Year Comparison

2024 2023 Change
Revenue $1,048,057 $572,384 +0.8%
Expenses $591,654 $541,838 +0.1%
Net Income $456,403 $30,546 +13.9%
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
11
Independent Members
11
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY AFRAME PRESIDENT 0.00
Officer Director
$0 $0 $0
BRUCE WAHLE DIRECTOR 0.00
Director
$0 $0 $0
LISA COHEN DIRECTOR 0.00
Director
$0 $0 $0
ALAN FEINGOLD DIRECTOR 0.00
Director
$0 $0 $0
ALAN STOLL VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
WAYNE USHMAN DIRECTOR 0.00
Director
$0 $0 $0
STEVEN WILLENS DIRECTOR 0.00
Director
$0 $0 $0
WARREN PALLEY DIRECTOR 0.00
Director
$0 $0 $0
PHILIP OSTROW TREASURER 0.00
Officer Director
$0 $0 $0
HARRIET ROBBINS SECRETARY 0.00
Officer Director
$0 $0 $0
ALAN YAFFE DIRECTOR 0.00
Director
$0 $0 $0
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 $1,048,057 $591,654 $17,595,846 $456,403
2023 $572,384 $541,838 $16,997,417 $30,546
2022 $168,190 $559,354 $14,939,023 $-391,164
2021 $4,962,459 $49,300 $17,212,247 $4,913,159
2020 $917,352 $524,034 $11,621,275 $393,318
2019 $707,596 $575,640 $11,611,738 $131,956
2018 $846,103 $372,302 $10,456,146 $473,801
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