NEW YORK FOUNDATION FOR ELDER CARE

EIN: 132569218 501(c)(3)

BROOKLYN, NY

Total Revenue
$364,620
Total Expenses
$696,097
Total Assets
$8,877,678
Net Assets
$8,872,345
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
NY
Phone
2122132788
Tax Period
2025-01-01 to 2025-12-31

NEW YORK FOUNDATION FOR ELDER CARE, founded in 1966, is a small nonprofit that reported $365K in total revenue in fiscal year 2025. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $696K exceeded revenue, resulting in a 91% operating deficit.

Mission

TO RAISE FUNDS TO DEVELOP AND CARRY ON PROGRAMS THAT BENEFIT THE ELDERLY AND DISABLED IN BOTH AN INSTITUTIONAL SETTING AND A COMMUNITY BASED SETTING. SOME OF THESE PROGRAMS INCLUDE GERIATRIC AND PSYCHOGERIATRIC MEDICINE PROGRAMS, CRISES INTERVENTION, MEDICATION REDUCTION, AND TRANSPORTATION FOR THE ELDERLY TO AND FROM CLINIC AND DOCTOR APPOINTMENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $24,157
Program Service Revenue $0
Investment Income $340,463
Other Revenue $0
TOTAL REVENUE $364,620

Expense Breakdown

Grants Paid $546,865
Salaries & Benefits $0
Fundraising Expenses $948
Program Expenses $589,805
Other Expenses $149,232
TOTAL EXPENSES $696,097

Year-over-Year Comparison

2025 2024 Change
Revenue $364,620 $641,128 -0.4%
Expenses $696,097 $651,645 +0.1%
Net Income $-331,477 $-10,517 +30.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVA-MARIA TAUSIG Vice President 3.00
Officer Director
$0 $0 $0
DR VALERIE ABEL Director 3.00
Director
$0 $0 $0
ELIZABETH SCHEINES President 3.00
Officer Director
$0 $0 $0
KAREN C FANG Treasurer 3.00
Officer Director
$0 $0 $0
JILL FERRARI Director 3.00
Director
$0 $0 $0
DR JEPHTHA TAUSIG Director 3.00
Director
$0 $0 $0
DINA ZEMPSKY Secretary 3.00
Officer 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
2025 $364,620 $696,097 $8,877,678 $-331,477
2024 $641,128 $651,645 $8,691,951 $-10,517
2023 $229,775 $543,364 $8,101,506 $-313,589
2022 $406,740 $641,984 $7,495,277 $-235,244
2021 $588,953 $586,756 $9,285,805 $2,197
2020 $546,305 $638,714 $8,814,234 $-92,409
2019 $605,426 $489,555 $8,535,713 $115,871
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