CHELSEA JEWISH NORTH SHORE ASSISTED LIVING INC

EIN: 043274643 501(c)(3) Housing & Shelter

PEABODY, MA

Total Revenue
$9,553,135
Total Expenses
$8,579,945
Total Assets
$19,127,912
Net Assets
$3,410,507
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MA
Principal Officer
ADAM BERMAN
Phone
9785324411
Tax Period
2023-01-01 to 2023-12-31

CHELSEA JEWISH NORTH SHORE ASSISTED LIVING INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $9.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $8.6M left a modest 10% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO ENRICH THE LIFE OF EACH OF OUR RESIDENTS AND PROGRAM PARTICIPANTS.

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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 $9,306,244
Investment Income $48,728
Other Revenue $198,163
TOTAL REVENUE $9,553,135

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,442,851
Fundraising Expenses $0
Program Expenses $6,789,518
Other Expenses $4,137,094
TOTAL EXPENSES $8,579,945

Year-over-Year Comparison

2023 2022 Change
Revenue $9,553,135 $8,588,347 +0.1%
Expenses $8,579,945 $7,424,892 +0.2%
Net Income $973,190 $1,163,455 -0.2%
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
5
Independent Members
1
Employees
N/A
Volunteers
1

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
5
$2,268,705
Total Directors
5
$2,038,964
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY BERMAN CEO EMERITUS/TREASURER 1.00
Officer Director
$0 $10,548 $903,917
ADAM BERMAN PRESIDENT & CEO 1.00
Officer Director
$0 $21,326 $750,987
ELIZABETH MULLEN COO & CLERK 1.00
Officer Director
$0 $8,407 $301,271
GILDA RICHMAN CHAIR 1.00
Officer Director
$0 $107 $82,789
JUDY WEISS DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER SANTERRE CFO 1.00
Officer
$0 $20,813 $229,741
RONILO ANGLO CHIEF CLINICAL OFFICER 1.00
Highest
$0 $20,890 $276,528
KAREN PETRUCELLI VP CLINICAL QUALITY IMPROVEMENT 1.00
Highest
$0 $7,906 $216,037
THERESA HALLIDAY-BURRI CHIEF BUSINESS DEVELOPEMENT OFFICER 1.00
Highest
$0 $7,219 $202,340
KATHERINE SANTOS VP OF STRATEGY & OPERATION 1.00
Highest
$0 $0 $197,110
MARIA CHAMPA CHIEF HUMAN RESOURCE OFFICER 1.00
Highest
$0 $20,387 $224,709
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 No data No data No data No data
2023 $9,553,135 $8,579,945 $19,127,912 $973,190
2022 $8,588,347 $7,424,892 $16,878,545 $1,163,455
2021 $7,776,728 $6,972,095 $16,839,970 $804,633
2020 $7,516,955 $7,082,861 $22,705,057 $434,094
2019 $8,165,052 $6,947,251 $22,985,844 $1,217,801
2018 $8,013,075 $7,039,330 $14,831,613 $973,745
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