Bronxwood Home for the Aged Inc

EIN: 132911684 501(c)(3) Health Care

Bronx, NY

Total Revenue
$13,593,826
Total Expenses
$15,075,332
Total Assets
$6,581,263
Net Assets
$1,116,405
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NY
Principal Officer
Daniel Berkowicz
Phone
7188819100
Tax Period
2023-10-01 to 2024-09-30

Bronxwood Home for the Aged Inc, founded in 1973, is a mid-sized nonprofit in the Health Care sector that reported $13.6M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $15.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

Bronxwood Home for the Aged, Inc., a voluntary, not-for-profit facility, is located in Bronx, NY. The facility is licensed by N.Y.S. for 320 adult home beds, of which 177 are assisted living (ALP) beds. Operations began in 1977. They are also licensed to provide home care services in the Bronx, Brooklyn, Queens, and Manhattan.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $101,981
Program Service Revenue $13,396,110
Investment Income $759
Other Revenue $94,976
TOTAL REVENUE $13,593,826

Expense Breakdown

Grants Paid $1,788,000
Salaries & Benefits $5,066,318
Fundraising Expenses $0
Program Expenses $11,045,328
Other Expenses $8,221,014
TOTAL EXPENSES $15,075,332

Year-over-Year Comparison

2023 2022 Change
Revenue $13,593,826 $11,634,632 +0.2%
Expenses $15,075,332 $11,235,040 +0.3%
Net Income $-1,481,506 $399,592 -4.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
154
Volunteers
5

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
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Vlady Rubin Administrator 40.00
$210,100 $0 $210,100
Alla Hretskaya Dir of Patient Ser 40.00
$126,904 $0 $126,904
Daniel Berkowicz President 2.00
Officer Director
$0 $0 $0
Yerachmiel Milstein Secretary 2.00
Officer Director
$0 $0 $0
Robert Lichtenstein Director 2.00
Director
$0 $0 $0
Arthur Weinstein Director 2.00
Director
$0 $0 $0
Abe Biderman Treasurer 2.00
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
2024 $13,593,826 $15,075,332 $6,581,263 $-1,481,506
2023 $11,634,632 $11,235,040 $8,742,272 $399,592
2022 $9,156,398 $9,627,056 $8,750,376 $-470,658
2021 $8,452,055 $9,666,493 $8,611,345 $-1,214,438
2020 $9,524,746 $9,297,949 $9,836,933 $226,797
2019 $21,921,928 $21,401,487 $9,732,978 $520,441
2018 $20,810,718 $21,943,067 $12,164,436 $-1,132,349
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Bronxwood Home for the Aged Inc with other nonprofits in New York and across the country.