The Hebrew Home for Aged at Riverdale

EIN: 131739971 501(c)(3) Health Care

BRONX, NY

Total Revenue
$104,853,438
Total Expenses
$122,977,721
Total Assets
$173,421,768
Net Assets
$67,464,377
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1917
Legal Domicile
NY
Phone
7185811000
Tax Period
2023-01-01 to 2023-12-31

The Hebrew Home for Aged at Riverdale, founded in 1917, is a major nonprofit in the Health Care sector that reported $104.9M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $123.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE LONG TERM RESIDENTIAL HEALTHCARE, SHORT TERM REHAB, ASSISTED LIVING, AND ALZHEIMER'S CARE FOR OLDER ADULTS.

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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 $19,788,355
Program Service Revenue $81,533,253
Investment Income $-416,379
Other Revenue $3,948,209
TOTAL REVENUE $104,853,438

Expense Breakdown

Grants Paid $433,226
Salaries & Benefits $55,961,158
Fundraising Expenses $0
Program Expenses $114,642,743
Other Expenses $66,583,337
TOTAL EXPENSES $122,977,721

Year-over-Year Comparison

2023 2022 Change
Revenue $104,853,438 $119,447,899 -0.1%
Expenses $122,977,721 $114,951,758 +0.1%
Net Income $-18,124,283 $4,496,141 -5.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
774
Volunteers
139

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
$2,447,247
Total Directors
15
$0
Key Employees
1
$943,821
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Vice Chairman 1.0
Officer Director
$0 $0 $0
N/A CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A TREASURER & SECRETARY 1.0
Officer Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Interim CFO 1.0
Officer
$0 $62,127 $381,356
N/A PRESIDENT, CEO 1.0
Officer
$0 $66,119 $2,065,891
N/A Chief Operating Officer 1.0
Key Emp
$0 $32,203 $943,821
N/A QI and Risk Management 35.0
Highest
$243,013 $60,441 $303,454
N/A Registered Nurse 35.0
Highest
$236,972 $30,352 $267,324
N/A CHIEF DEVELOPMENT OFFICER 35.0
Highest
$442,514 $40,865 $483,379
N/A VP - Nursing Services 35.0
Highest
$239,476 $30,798 $270,274
N/A Medical Director 35.0
Highest
$327,927 $63,040 $390,967
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 $104,853,438 $122,977,721 $173,421,768 $-18,124,283
2022 $119,447,899 $114,951,758 $194,700,407 $4,496,141
2021 $117,684,279 $113,477,487 $191,925,368 $4,206,792
2020 $144,555,185 $121,811,111 $194,926,703 $22,744,074
2019 $137,449,765 $127,360,732 $175,998,059 $10,089,033
2018 $117,521,917 $118,336,109 $147,324,714 $-814,192
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