NEW YORK FOUNDATION FOR SENIOR CITIZENS INC

EIN: 132618568 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$14,033,733
Total Expenses
$12,864,602
Total Assets
$17,315,303
Net Assets
$14,906,941
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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
LINDA HOFFMAN
Phone
2129627653
Tax Period
2024-07-01 to 2025-06-30

NEW YORK FOUNDATION FOR SENIOR CITIZENS INC, founded in 1968, is a mid-sized nonprofit in the Human Services sector that reported $14.0M in total revenue in fiscal year 2024. Expenses of $12.9M left a modest 8% surplus.

Mission

NEW YORK FOUNDATION FOR SENIOR CITIZENS IS DEDICATED TO HELPING NEW YORK'S SENIORS ENJOY HEALTHIER, SAFER, MORE PRODUCTIVE, AND DIGNIFIED LIVES IN THEIR OWN HOMES AND COMMUNITIES AND TO HELP THEM AVOID THE NEED FOR PREMATURE INSTITUTIONALIZATION. ESTABLISHED IN 1968, THE FOUNDATION IS THE ONLY NON-PROFIT, NON-SECTARIAN ORGANIZATION SERVING NEW YORK'S SENIORS IN ALL FIVE BOROUGHS. OVER THE PAST FOUR DECADES, THE AGENCY HAS GROWN FROM TWO EMPLOYEES AND NO FUNDS FOR THE PROVISION OF DIRECT SOCIAL SERVICES TO NEW YORK CITY'S ONLY NON-PROFIT, NON-SECTARIAN AGENCY, WITH OVER 1,200 EMPLOYEES. THE FOUNDATION NOW PROVIDES OVER 800 UNITS OF HOUSING AND 35 PROFESSIONALLY ADMINISTERED SOCIAL SERVICE PROGRAMS FOR TENS OF THOUSANDS OF ELDERLY NEW YORKERS CITY-WIDE ANNUALLY. THESE INNOVATIVE PROJECTS SERVE AS MODELS FOR THE DEVELOPMENT OF SIMILAR SERVICES FOR THE ELDERLY THROUGHOUT THE WORLD. WE'RE ALWAYS EAGER TO UNDERTAKE INNOVATIVE PROGRAMS THAT BENEFIT THE SENIOR POPULATION.

Program Service Accomplishments

Program 1
Expenses: $5,705,319 Revenue: $5,436,126

THE ENRICHED HOUSING PROGRAM PROVIDES AN APARTMENT-BASED LIFESTYLE FOR FRAIL AND HANDICAPPED SENIORS, COMPLETE WITH THE SPECIALIZED SERVICES THAT MANY REQUIRE IN SEVEN BUILDINGS. ENRICHED HOUSING...

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THE ENRICHED HOUSING PROGRAM PROVIDES AN APARTMENT-BASED LIFESTYLE FOR FRAIL AND HANDICAPPED SENIORS, COMPLETE WITH THE SPECIALIZED SERVICES THAT MANY REQUIRE IN SEVEN BUILDINGS. ENRICHED HOUSING SERVICES INCLUDE ASSISTANCE WITH PERSONAL CARE, SHOPPING, MEAL PREPARATION, AND WITH MEDICAL APPOINTMENTS AND OTHER PERSONAL NEEDS. THE STAFF ORGANIZES VARIOUS SOCIAL AND RECREATIONAL SERVICES. THE FOUNDATION'S SEVEN ENRICHED HOUSING PROGRAMS ARE SUCCESSFULLY SERVING UP TO IS 314 RESIDENTS.

Program 2
Expenses: $2,417,891 Revenue: $87,421

THE FOUNDATION SPONSORS THREE SENIOR CENTERS THAT PROVIDE MEALS, HEALTH AND WELLNESS, RECREATION AND SOCIALIZATION ACTIVITIES, AS WELL AS, CASE MANAGEMENT SERVICES FOR THEIR MEMBERS.UNDER THE...

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THE FOUNDATION SPONSORS THREE SENIOR CENTERS THAT PROVIDE MEALS, HEALTH AND WELLNESS, RECREATION AND SOCIALIZATION ACTIVITIES, AS WELL AS, CASE MANAGEMENT SERVICES FOR THEIR MEMBERS.UNDER THE FOUNDATION'S SPONSORSHIP AND THROUGH STAFF'S OUTREACH AND RECRUITMENT ENDEAVORS, LAGUARDIA OLDERADULT CENTER'S MEMBERSHIP HAS INCREASED FROM 8,549 TO 8,736, OF WHICH 1,086 HAVE BEEN ACTIVE BETWEEN JULY 1,2025 AND OCTOBER 31, 2025. THE CENTER HAS BEEN OPERATING AT 85% OF ITS PRE-COVID ON-SITE MEMBERSHIPCAPACITY AND EXCEEDED ITS CONTRACT GOALS OF PROVIDING A DAILY AVERAGE OF 30 BREAKFASTS AND 100 LUNCHES BYHAVING PROVIDED A DAILY AVERAGE OF 134 BREAKFASTS AND 137 LUNCHES BETWEEN JULY 1, 2025 AND OCTOBER 31, 2025.ADDITIONALLY, THE CENTER'S STAFF HAS CONTINUOUSLY AND SUCCESSFULLY PROVIDED IN-PERSON AND VIRTUAL ACTIVITIES,INCLUDING ARTS AND CRAFTS, INCLUDING INK WASH PAINTING, COOKING/BAKING CLASSES, CHAIR YOGA, TAI CHI, MUSICAPPRECIATION, KARAOKE, TECHNOLOGY CLASS CALLED "GET ON SOCIAL" WHERE MEMBERS LEARN HOW TO USE FACEBOOK ANDWECHAT, HEALTH & WELLNESS PRESENTATIONS, CURRENT EVENT DISCUSSIONS, HEALTHY BRAIN EXERCISES, AND DANCE CLASSES.

Program 3
Expenses: $2,239,013 Revenue: $0

LONG TERM CASE MANAGEMENT PROGRAM - BETWEEN JULY 1, 2024 AND JUNE 30, 2025, LONG TERM CASE MANAGEMENT WAS PROVIDED TO 1,365 FRAIL ELDERLY RESIDENTS OF COMMUNITY DISTRICTS #1, #2, #5 AND #6, INCLUDING...

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LONG TERM CASE MANAGEMENT PROGRAM - BETWEEN JULY 1, 2024 AND JUNE 30, 2025, LONG TERM CASE MANAGEMENT WAS PROVIDED TO 1,365 FRAIL ELDERLY RESIDENTS OF COMMUNITY DISTRICTS #1, #2, #5 AND #6, INCLUDING 801 CAUCASIANS, 154 AFRICAN-AMERICANS, 240 HISPANICS, 140 ASIANS AND 30 CLIENTS WITH OTHER/UNKNOWN ETHNICITIES. DURING THAT SAME PERIOD, SHORT TERM COUNSELING, INTAKE SCREENING, INFORMATION AND REFERRAL SERVICES WERE PROVIDED TO 2,489 ELDERLY PERSONS AND THEIR FAMILIES, INCLUDING 1,043 CAUCASIANS, 306 AFRICAN-AMERICANS, 351 HISPANICS, 348 ASIANS AND 441 CLIENTS WITH UNKNOWN ETHNICITIES. BETWEEN JULY 1, 2025 AND OCTOBER 31, 2025, LONG TERM CASE MANAGEMENT WAS PROVIDED TO 1,072 FRAIL ELDERLY RESIDENTS OF COMMUNITY DISTRICTS #1, #2, #5 AND #6, INCLUDING 686 CAUCASIANS, 125AFRICAN-AMERICANS, 124 HISPANICS, 115 ASIANS AND 22 CLIENTS WITH OTHER/UNKNOWN ETHNICITIES. DURING THATSAME PERIOD, SHORT TERM COUNSELING, INTAKE SCREENING, INFORMATION AND REFERRAL SERVICES WERE PROVIDED TO 1,895ELDERLY PERSONS AND THEIR FAMILIES, INCLUDING 811 CAUCASIANS, 194 AFRICAN-AMERICANS, 199 HISPANICS, 190ASIANS AND 501 CLIENTS WITH UNKNOWN ETHNICITIES.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,798,116
Program Service Revenue $6,438,018
Investment Income $727,909
Other Revenue $69,690
TOTAL REVENUE $14,033,733

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,716,504
Fundraising Expenses $0
Program Expenses $11,233,028
Other Expenses $4,148,098
TOTAL EXPENSES $12,864,602

Year-over-Year Comparison

2024 2023 Change
Revenue $14,033,733 $14,392,756 0.0%
Expenses $12,864,602 $12,856,629 +0.0%
Net Income $1,169,131 $1,536,127 -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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Governance

Voting Members
29
Independent Members
29
Employees
192
Volunteers
30

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
9
$1,520,230
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM N HUBBARD III CHAIRMAN 0.20
Officer Director
$0 $0 $0
WILLIAM S EAKINS ESQ VICE CHAIRPERSON 0.20
Officer Director
$0 $0 $0
ALMA RANGEL VICE CHAIRPERSON, THRU 9/2024 0.20
Officer Director
$0 $0 $0
ELIZABETH R TOZER VICE CHAIRPERSON 0.20
Officer Director
$0 $0 $0
HOWARD LEPOW TREASURER 0.20
Officer Director
$0 $0 $0
LESLEY CAMPBELL HORTON EXECUTIVE SECRETARY 0.20
Officer Director
$0 $0 $0
ELAINE B ARACE BOARD MEMBER 0.20
Director
$0 $0 $0
DEBORAH SMITH BERNSTEIN PHD BOARD MEMBER 0.20
Director
$0 $0 $0
CALVINA BOSTICK BOARD MEMBER 0.20
Director
$0 $0 $0
PEARL CHANG BOARD MEMBER 0.20
Director
$0 $0 $0
JASON F COHEN BOARD MEMBER 0.20
Director
$0 $0 $0
BRIAN DECKER BOARD MEMBER 0.20
Director
$0 $0 $0
JOAN FINKELSTEIN BOARD MEMBER 0.20
Director
$0 $0 $0
JOAN HAMBURG BOARD MEMBER 0.20
Director
$0 $0 $0
WILLIAM N HUBBARD IV BOARD MEMBER 0.20
Director
$0 $0 $0
CYNTHIA GELALICH BOARD MEMBER 0.20
Director
$0 $0 $0
MEREDITH J KANE ESQ BOARD MEMBER 0.20
Director
$0 $0 $0
VIRGINIA MALONEY BOARD MEMBER 0.20
Director
$0 $0 $0
JANICE MARKIN BOARD MEMBER 0.20
Director
$0 $0 $0
TIM METZ BOARD MEMBER 0.20
Director
$0 $0 $0
BETTINA P MURRAY PHD BOARD MEMBER 0.20
Director
$0 $0 $0
WILLIAM G PARRETT CPA BOARD MEMBER 0.20
Director
$0 $0 $0
JAMES R PRICE BOARD MEMBER 0.20
Director
$0 $0 $0
DARA P RICHARDSON MD BOARD MEMBER 0.20
Director
$0 $0 $0
SALVATORE M SALIBELLO CPA BOARD MEMBER 0.20
Director
$0 $0 $0
EVELYN F SALZBERG BOARD MEMBER 0.20
Director
$0 $0 $0
ANN VAN NESS BOARD MEMBER 0.20
Director
$0 $0 $0
RACHEL WANG BOARD MEMBER 0.20
Director
$0 $0 $0
EILEEN WEILER JUDELL BOARD MEMBER 0.20
Director
$0 $0 $0
DAVID J WINE BOARD MEMBER 0.20
Director
$0 $0 $0
LINDA R HOFFMAN PRESIDENT 23.00
Officer
$519,619 $35,975 $820,575
ROLANDO A BLANCO CHIEF CFO/ASSISTANT TREASURER 23.00
Officer
$210,574 $35,966 $365,466
LISA ALLI VICE PRESIDENT 1.00
Officer
$19,817 $29,913 $334,189
ALEXIS LEVEN DIRECTOR OF PROGRAMS, LTC 35.00
Highest
$242,298 $29,786 $272,084
AMANDA FORSMAN DIRECTOR OF PROGRAMS 33.00
Highest
$212,737 $11,977 $252,602
EDUARDO SINGERMAN CONTROLLER 29.00
Highest
$114,842 $14,961 $250,970
MAXINE WU CHIEF OF STAFF 33.00
Highest
$164,782 $12,259 $200,904
JESSICA RODRIGUEZ ASST. CONTROLLER 33.00
Highest
$102,158 $28,563 $176,679
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 $14,033,733 $12,864,602 $17,315,303 $1,169,131
2024 No data No data No data No data
2023 $14,209,702 $13,415,546 $47,094,122 $794,156
2022 $12,804,878 $12,709,022 $13,430,449 $95,856
2021 $12,552,678 $12,426,681 $13,582,730 $125,997
2020 $13,540,349 $13,010,263 $13,564,543 $530,086
2019 $13,485,697 $13,010,104 $12,701,618 $475,593
2018 $12,359,868 $12,290,916 $12,275,878 $68,952
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