The Hebrew Home for Aged at Riverd… - Form 990 Financial Data

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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

1917

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $95,353,102 Revenue: $70,002,075

THE HEBREW HOME OPERATES A NURSING AND REHABILITATION CARE CENTER FOR 607 ELDERLY RESIDENTS. THE HOME PROVIDED 184,721 BED DAYS OF NURSING FACILITY CARE FOR THE YEAR ENDED 12/31/23.

Program 2

Expenses: $10,583,499 Revenue: $8,815,258

Certified Home health agency which had 66,318 visits for 2023.

Program 3

Expenses: $8,706,142 Revenue: $2,533,747

THE HOME'S ASSISTED LIVING PROGRAM PROVIDES ITS 35 RESIDENTS WITH COMFORTABLE APARTMENTS ALONG WITH CLINICAL AND SUPPORT SERVICES TO MAINTAIN THEIR HIGHEST LEVEL OF INDEPENDENCE ON ITS 32 ACRE...

THE HOME'S ASSISTED LIVING PROGRAM PROVIDES ITS 35 RESIDENTS WITH COMFORTABLE APARTMENTS ALONG WITH CLINICAL AND SUPPORT SERVICES TO MAINTAIN THEIR HIGHEST LEVEL OF INDEPENDENCE ON ITS 32 ACRE CAMPUS. THE APARTMENTS, DECORATED WITH DESIGNER FURNISHINGS, OFFER AN ARRAY OF DAILY SERVICES AND AMENITIES TO HELP RESIDENTS WITH THE ASSISTANCE THEY MAY NEED. THESE INCLUDE: NURSING AND MEDICAL SERVICES, SOCIAL, RECREATIONAL AND CULTURAL ACTIVITIES, DAILY SERVICE OF THREE KOSHER MEALS, AS WELL AS PERSONAL CARE SERVICES TO ASSIST WITH DRESSING, BATHING AND GROOMING, HOUSEKEEPING AND LAUNDRY SERVICES ROUND OUT A HOME-LIKE LIVING EXPERIENCE.

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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%)

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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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

Governance

Voting Members

Independent Members

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

$2,447,247

Total Directors

Key Employees

$943,821

Highest Compensated

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

The Hebrew Home for Aged at Riverdale