DAUGHTERS OF SARAH HOUSING COMPANY INC

EIN: 141805236 501(c)(3) Human Services

ALBANY, NY

Total Revenue
$5,331,616
Total Expenses
$4,756,864
Total Assets
$15,163,816
Net Assets
$14,513,933
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Principal Officer
COURTNEY MULSON
Phone
5186890454
Tax Period
2024-01-01 to 2024-12-31

DAUGHTERS OF SARAH HOUSING COMPANY INC, founded in 1998, is a community nonprofit in the Human Services sector that reported $5.3M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $4.8M left a modest 11% surplus.

Mission

THE MISSION OF THE DAUGHTERS OF SARAH HOUSING COMPANY, INC. IS TO ENHANCE THE QUALITY OF LIFE , ASSURE THE SAFETY AND DIGNITY, AND FOSTER THE INDEPENDENCE OF THOSE WE SERVE , THROUGH RESIDENTIAL, PERSONAL CARE, HEALTH AND OTHER SERVICES, CONSISTENT WITH JEWISH VALUES AND TRADITIONS. ITS AUTHORIZED ACTIVITIES INCLUDE OPERATING AN ENRICHED HOUSING PROGRAM, ASSISTED LIVING FACILITY, AND ENHANCED ASSISTED LIVING FACILITY FOR ELDERLY ADULTS AS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH AND AN INDEPENDENT HOUSING FACILITY FOR SENIOR CITIZENS.

Program Service Accomplishments

Program 1
Expenses: $3,944,550 Revenue: $5,278,243

DAUGHTERS OF SARAH HOUSING COMPANY IS AUTHORIZED TO OPERATE AN ENRICHED HOUSING PROGRAM AND ASSISTED LIVING FACILITY FOR ELDERLY ADULTS AS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH AND AN...

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DAUGHTERS OF SARAH HOUSING COMPANY IS AUTHORIZED TO OPERATE AN ENRICHED HOUSING PROGRAM AND ASSISTED LIVING FACILITY FOR ELDERLY ADULTS AS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH AND AN INDEPENDENT HOUSING FACILITY FOR SENIOR CITIZENS. DAUGHTERS IS A 56 UNIT FACILITY PROVIDING FOR THE PERSONAL CARE AND SECURITY NEEDS OF FRAIL AND DISABLED SENIORS, A NUMBER OF WHOM ARE INDIGENT. BY MEETING ALL OF THE PERSONAL CARE NEEDS OF OUR RESIDENTS IN A WARM, CLEAN, LOVING AND INVITING ENVIRONMENT, DAUGHTERS INSURES THAT ITS RESIDENTS ARE ABLE TO LIVE AND AGE IN A DIGNIFIED, RESPECTFUL, AND SELF-INDEPENDENT MANNER APPROPRIATE TO THEIR HEALTH CONDITION AND PERSONAL REQUIREMENTS. THE GOAL OF THE SERVICES PROVIDED IS TO ENABLE THE RESIDENTS TO MAXIMIZE THEIR INDEPENDENCE AND ENRICH THE QUALITY OF THEIR LIVES. PROGRAMS THAT ALL MELD TO ACHIEVE OUR GOAL INCLUDE: THE AVAILABILITY OF ROUND THE CLOCK PERSONAL CARE STAFF, CASE MANAGEMENT, KOSHER MEALS PREPARED IN ACCORDANCE WITH JEWISH DIETARY LAWS, DAILY ACTIVITY PROGRAMMING FOR BOTH PHYSICAL AND MENTAL STIMULATION APPROPRIATE TO RESIDENT ACUITY LEVELS, REGULAR ENTERTAINMENT PROGRAMS, WEEKLY JEWISH SABBATH SERVICES, CELEBRATION OF ALL JEWISH HOLIDAYS (AND COORDINATION OF ACTIVITIES AROUND THE HOLIDAY THEMES), TRIPS AND EXCURSIONS TO COMMUNITY PROGRAMS AND OTHER SCHEDULED EVENTS CALCULATED TO BRING HAPPINESS TO THE LIVES OF OUR RESIDENTS. RESIDENTS ARE TREATED AS UNIQUE INDIVIDUALS AND ALL HAVE PERSONALIZED CARE PLANS THAT IDENTIFY THE SERVICES THAT THEY WILL RECEIVE. AS THEIR CARE NEEDS CHANGE THE PLANS ARE ADJUSTED ACCORDINGLY. DAUGHTERS FURTHER OFFERS RESPITE CARE TO ADULTS IN THE COMMUNITY. THIS SHORT-TERM SERVICE PROVIDES UP TO THIRTY DAYS OF A LOVING, SAFE, APPROPRIATELY MONITORED CARE IN AN ASSISTED LIVING FACILITY FOR INDIVIDUALS NEEDING AND DESIRING TO EXPERIENCE SUCH A LEVEL OF CARE.

Program 2
Expenses: $11,004 Revenue: $11,004

WE PROVIDE SCHOLARSHIPS TO RESIDENTS WHOSE ABILITY TO PAY FOR THE COST OF THEIR CARE IS DIMINISHED, AND WHOSE OVERALL FINANCIAL RESOURCES ARE GENERALLY LESS THAN FIFTY PERCIENT (50%) OF THE AVERAGE...

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WE PROVIDE SCHOLARSHIPS TO RESIDENTS WHOSE ABILITY TO PAY FOR THE COST OF THEIR CARE IS DIMINISHED, AND WHOSE OVERALL FINANCIAL RESOURCES ARE GENERALLY LESS THAN FIFTY PERCIENT (50%) OF THE AVERAGE RESOURCES OF THE GENERAL POPULATION IN THE SURROUNDING AREAS. THE SCHOLARSHIPS ARE BASED ON A FIVE (5) YEAR RETROSPECTIVE REVIEW OF AN APPLICANT'S BANK AND RELATED RECORDS. QUALIFYING APPLICANTS WILL RECEIVE SCHOLARSHIPS THROUGH SUPPORT FROM THE HARRY AND JEANETTE WEINBERG SCHOLARSHIP ENDOWMENT, WHICH WAS ESTABLISHED AND IS MAINTAINED FOR THIS PURPOSE WITH THE DAUGHTERS OF SARAH JEWISH FOUNDATION, INC. THESE SCHOLARSHIPS ENABLE RESIDENTS TO REMAIN IN A CARE SETTING MORE APPROPRIATE TO THEIR PERSONAL NEEDS. WITHOUT SCHOLARSHIP SUPPORT, QUALIFYING RESIDENTS MIGHT OTHERWISE BE COMPELLED TO TRANSFER TO A MORE RESTRICTIVE, MORE EXPENSIVE, AND UNNECESSARY HEALTH CARE SETTING -- BUT ONE THAT IS PAID FOR BY FEDERAL AND STATE GOVERNMENTS, SUCH AS A NURSING HOME. THE SCHOLARSHIPS ENABLE US TO HELP REDUCE THE BURDEN ON GOVERNMENTAL RESOURCES AND PRESERVE THE DIGNITY AND INDEPENDENCE OF RESIDENTS.

Program 3
Expenses: $0 Revenue: $0

WE ARE ENGAGED IN AN ONGOING PROCESS TO REVIEW CAMPUS-WIDE OPERATIONS AND STUDY THE FEASABILITY, DESIRABILITY, AND VIABILITY OF EXPANDING SUCH OPERATIONS TO INCORPORATE OTHER LEVELS OF ASSISTED...

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WE ARE ENGAGED IN AN ONGOING PROCESS TO REVIEW CAMPUS-WIDE OPERATIONS AND STUDY THE FEASABILITY, DESIRABILITY, AND VIABILITY OF EXPANDING SUCH OPERATIONS TO INCORPORATE OTHER LEVELS OF ASSISTED LIVING, INDEPENDENT LIVING, COMMUNITY BASED MATTERS, AND OTHER POTENTIAL MISSION RELATED LINES OF HEALTH CARE SERVICES. IN THAT CONTEXT, DAUGHTERS HAS BEEN LICENSED BY THE NYS DEPARTMENT OF HEALTH AS AN ENHANCED ASSISTED LIVING FACILITY, WHICH ENABLES US TO FURTHER ASSIST ELDER RESIDENTS WITH THE CHALLENGES OF DAILY LIVING WITHOUT REQUIRING THEM TO TRANSFER TO MORE EXPENSIVE AND MORE RESTRICTIVE LEVELS OF HEALTH CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $42,369
Program Service Revenue $5,097,226
Investment Income $191,656
Other Revenue $365
TOTAL REVENUE $5,331,616

Expense Breakdown

Grants Paid $600,000
Salaries & Benefits $2,829,176
Fundraising Expenses $0
Program Expenses $3,955,554
Other Expenses $1,327,688
TOTAL EXPENSES $4,756,864

Year-over-Year Comparison

2024 2023 Change
Revenue $5,331,616 $4,678,578 +0.1%
Expenses $4,756,864 $3,645,168 +0.3%
Net Income $574,752 $1,033,410 -0.4%
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
12
Independent Members
12
Employees
94
Volunteers
20

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
12
$0
Key Employees
2
$834,493
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK KOBLENZ CEO - See Schedule J Part III 11
Key Emp Highest
$0 $51,923 $464,904
COURTNEY MULSON CFO - see Schedule J Part III 5
Key Emp Highest
$0 $49,359 $369,589
KAREN LOBEL CHAIR 2
Officer Director
$0 $0 $0
ROBERT FINKLE VICE-CHAIR 2
Officer Director
$0 $0 $0
DANIEL SANDERS TREASURER 2
Officer Director
$0 $0 $0
ELLEN SCHWARTZ SECRETARY 2
Officer Director
$0 $0 $0
JODY FERENCE BOARD MEMBER 1
Director
$0 $0 $0
ED MARINSTEIN BOARD MEMBER 1
Director
$0 $0 $0
KAREN GLASER BOARD MEMBER 1
Director
$0 $0 $0
ZALMAN SIMON BOARD MEMBER 1
Director
$0 $0 $0
IRA LOBEL BOARD MEMBER 1
Director
$0 $0 $0
CARYN POSKANZER BOARD MEMBER 1
Director
$0 $0 $0
RICH SOKOLER BOARD MEMBER 1
Director
$0 $0 $0
DEBORAH STAYMAN BOARD MEMNER 1
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 $5,331,616 $4,756,864 $15,163,816 $574,752
2023 $4,678,578 $3,645,168 $14,151,192 $1,033,410
2022 $4,473,161 $3,887,402 $12,850,964 $585,759
2021 $4,741,567 $3,564,299 $16,293,669 $1,177,268
2020 $4,294,333 $3,658,592 $15,727,335 $635,741
2019 $4,370,747 $3,477,541 $15,053,422 $893,206
2018 $4,183,927 $3,440,765 $14,136,152 $743,162
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