NEW YORK FOUNDATION FOR SENIOR CIT… - 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

1981

Legal Domicile

Principal Officer

LINDA R HOFFMAN

Phone

2129627653

Tax Period

2024-07-01 to 2025-06-30

NEW YORK FOUNDATION FOR SENIOR CITIZENS HOME ATTENDANT SERVICES INC, founded in 1981, is a mid-sized nonprofit that reported $48.2M in total revenue in fiscal year 2024. Expenses of $44.0M left a modest 9% surplus.

Mission

UNDER THE SUPERVISION OF PROFESSIONAL SOCIAL WORK ADMINISTRATORS, THE AGENCY PROVIDES HOMECARE SERVICES THAT INCLUDE HEALTH-RELATED PERSONAL CARE, HOUSEKEEPING, SHOPPING, COOKING AND MEDICATION MONITORING AS WELL AS ACCOMPANYING CLIENTS TO MEDICAL APPOINTMENTS. REGISTERED NURSES AND LICENSED PRACTICAL NURSES VISIT CLIENTS AT HOME TO ASSESS THEIR NEEDS AND SUPERVISE AND TRAIN THE HOME CARE WORKERS.

Program Service Accomplishments

Program 1

Expenses: $42,233,190 Revenue: $21,692,292

NEW YORK FOUNDATION FOR SENIOR CITIZENS HOME ATTENDANT SERVICES IS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH AND PROVIDES OVER 1,300 NEW YORKERS, WHO ARE ELIGIBLE FOR MEDICAID, EISEP, OR...

NEW YORK FOUNDATION FOR SENIOR CITIZENS HOME ATTENDANT SERVICES IS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH AND PROVIDES OVER 1,300 NEW YORKERS, WHO ARE ELIGIBLE FOR MEDICAID, EISEP, OR MEDICARE/MEDICAID, WITH HOME HEALTH AIDES, PERSONAL CARE AIDES, HOUSEKEEPING AND NURSING SUPERVISION SERVICES. NEW YORK FOUNDATION FOR SENIOR CITIZENS HOME ATTENDANT SERVICES ALSO ADMINISTERS A CONSUMER DIRECTED PERSONAL ASSISTANCE PROGRAM BY ISSUING PAYCHECKS FOR PERSONAL ASSISTANTS WHO ARE DIRECTLY EMPLOYED BY INDIVIDUALS TO PROVIDE CARE IN THEIR HOMES. WHILE THE HOME ATTENDANT PROGRAM DOES NOT EMPLOY PERSONAL ASSISTANTS, IT PLAYS AN IMPORTANT ROLE BY SERVING AS A CONDUIT FOR MEDICAID FUNDS ALLOCATED TO COMPENSATE THEM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $25,669,407

Program Service Revenue $21,692,292

Investment Income $876,649

Other Revenue $0

TOTAL REVENUE $48,238,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,256,142

Fundraising Expenses $0

Program Expenses $42,233,190

Other Expenses $1,732,648

TOTAL EXPENSES $43,988,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,238,348	$46,296,412	+0.0%
Expenses	$43,988,790	$44,951,211	0.0%
Net Income	$4,249,558	$1,345,201	+2.2%

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

1487

Volunteers

N/A

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

$1,518,909

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH R TOZER	PRESIDENT	0.20	Officer Director	$0	$0	$0
DEBORAH SMITH BERNSTEIN	EXECUTIVE SECRETARY/TREASURER	0.20	Officer Director	$0	$0	$0
PEARL CHANG	BOARD MEMBER	0.20	Director	$0	$0	$0
JOAN FINKELSTEIN	BOARD MEMBER	0.20	Director	$0	$0	$0
WILLIAM N HUBBARD III	BOARD MEMBER	0.20	Director	$0	$0	$0
JANICE MARKLIN	BOARD MEMBER	0.20	Director	$0	$0	$0
WILLIAM G PARRETT	BOARD MEMBER	0.20	Director	$0	$0	$0
ANN VAN NESS	BOARD MEMBER	0.20	Director	$0	$0	$0
LINDA R HOFFMAN	CHIEF EXECUTIVE OFFICER	1.00	Officer	$234,443	$35,976	$820,576
ROLANDO A BLANCO	CHIEF FINANCIAL OFFICER	1.00	Officer	$104,002	$34,530	$364,030
LISA ALLI	VICE PRESIDENT	30.00	Officer	$284,459	$30,027	$334,303
EDUARDO SINGERMAN	CONTROLLER	6.00	Highest	$121,167	$14,961	$250,970
JESSICA RODRIGUEZ	ASSISTANT CONTROLLER	1.00	Highest	$27,776	$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	$48,238,348	$43,988,790	$33,443,581	$4,249,558
2024	$46,296,412	$44,951,211	$29,815,947	$1,345,201
2023	$45,378,982	$44,243,923	$28,275,048	$1,135,059
2022	$41,026,669	$40,509,802	$25,526,855	$516,867
2021	$43,263,283	$42,692,242	$24,976,445	$571,041
2020	$46,945,105	$43,857,369	$23,116,444	$3,087,736
2019	$45,781,121	$43,470,905	$19,847,481	$2,310,216
2018	$39,859,576	$37,028,744	$19,176,460	$2,830,832

NEW YORK FOUNDATION FOR SENIOR CITIZENS HOME ATTENDANT SERVICES INC