JHC ASSISTED LIVING CORP

EIN: 043323502 501(c)(3) Health Care

WORCESTER, MA

Total Revenue
$5,608,197
Total Expenses
$5,697,851
Total Assets
$4,507,358
Net Assets
$-774,582
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MA
Principal Officer
LISA COHEN
Phone
5087988653
Tax Period
2023-01-01 to 2023-12-31

JHC ASSISTED LIVING CORP, founded in 1996, is a community nonprofit in the Health Care sector that reported $5.6M in total revenue in fiscal year 2023.

Mission

TO SERVE AND ASSIST THE ELDERLY MAINTAIN INDEPENDENCE BY OPERATING A CONTINUING CARE FACILITY.

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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 $810
Program Service Revenue $5,568,935
Investment Income $38,452
Other Revenue $0
TOTAL REVENUE $5,608,197

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,100,089
Fundraising Expenses $0
Program Expenses $4,782,989
Other Expenses $2,597,762
TOTAL EXPENSES $5,697,851

Year-over-Year Comparison

2023 2022 Change
Revenue $5,608,197 $5,243,241 +0.1%
Expenses $5,697,851 $5,444,175 +0.0%
Net Income $-89,654 $-200,934 -0.6%
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
27
Independent Members
27
Employees
122
Volunteers
28

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
3
$0
Total Directors
24
$0
Key Employees
1
$256,354
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN TANKANOW DIRECTOR 0.00
Director
$0 $0 $0
DAVID COHEN DIRECTOR 0.00
Director
$0 $0 $0
GERALD KASHUK DIRECTOR 0.00
Director
$0 $0 $0
IVAN GREEN DIRECTOR 0.00
Director
$0 $0 $0
DOROTHY STAR DIRECTOR 0.00
Director
$0 $0 $0
DAVID MEYERS DIRECTOR 0.00
Director
$0 $0 $0
STEVEN KRINTZMAN DIRECTOR 0.00
Director
$0 $0 $0
BLANCHE LONSTEIN DIRECTOR 0.00
Director
$0 $0 $0
JUDY MARKOWITZ DIRECTOR 0.00
Director
$0 $0 $0
NEIL PATRICK DIRECTOR 0.00
Director
$0 $0 $0
JROBERT SEDER DIRECTOR 0.00
Director
$0 $0 $0
ALAN YOFFIE DIRECTOR 0.00
Director
$0 $0 $0
STEVEN SOSNOFF DIRECTOR 0.00
Director
$0 $0 $0
MATT SHWACHMAN DIRECTOR 0.00
Director
$0 $0 $0
BARBARA SALITSKY DIRECTOR 0.00
Director
$0 $0 $0
WARREN PALLWEY VICE PRESIDENT 0.00
Director
$0 $0 $0
ALAN FEIGOLD VICE PRESIDENT 0.00
Director
$0 $0 $0
JAY AFRAME DIRECTOR 0.00
Director
$0 $0 $0
HARRIETTE CHANDLER DIRECTOR 0.00
Director
$0 $0 $0
EDWARD GLICK DIRECTOR 0.00
Director
$0 $0 $0
PETER HERMAN DIRECTOR 0.00
Director
$0 $0 $0
PHILIP SHER DIRECTOR 0.00
Director
$0 $0 $0
JOEL GREENBERG DIRECTOR 0.00
Director
$0 $0 $0
ALAN YAFFE DIRECTOR 0.00
Director
$0 $0 $0
LISA COHEN PRESIDENT 0.00
Officer
$0 $0 $0
PHILIP OSTROW TREASURER 0.00
Officer
$0 $0 $0
BRUCE WAHLE SECRETARY 0.00
Officer
$0 $0 $0
VINCENT LIBRANDI CEO 20.00
Key Emp
$216,436 $39,918 $256,354
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 $5,608,197 $5,697,851 $4,507,358 $-89,654
2022 $5,243,241 $5,444,175 $4,936,354 $-200,934
2021 $5,215,221 $5,040,294 $4,487,436 $174,927
2020 $4,705,903 $5,328,561 $5,468,003 $-622,658
2019 $4,964,657 $5,208,106 $6,146,163 $-243,449
2018 $5,018,136 $5,117,086 $6,571,931 $-98,950
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