The Hebrew Home for the Aged at Riverdale Foundation Inc

EIN: 204352212 501(c)(3) Crime & Legal

Bronx, NY

Total Revenue
$8,541,307
Total Expenses
$28,685,019
Total Assets
$67,039,928
Net Assets
$22,362,417
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NY
Phone
7185811000
Tax Period
2023-01-01 to 2023-12-31

The Hebrew Home for the Aged at Riverdale Foundation Inc, founded in 2006, is a community nonprofit in the Crime & Legal sector that reported $8.5M in total revenue in fiscal year 2023. Expenses of $28.7M exceeded revenue, resulting in a 236% operating deficit.

Mission

TO PROVIDE ASSISTANCE TO PROGRAMS FOR OLDER ADULTS IN THE NEW YORK AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,004,180
Program Service Revenue $0
Investment Income $897,118
Other Revenue $-359,991
TOTAL REVENUE $8,541,307

Expense Breakdown

Grants Paid $25,849,491
Salaries & Benefits $1,047,965
Fundraising Expenses $1,262,023
Program Expenses $26,076,813
Other Expenses $1,699,009
TOTAL EXPENSES $28,685,019

Year-over-Year Comparison

2023 2022 Change
Revenue $8,541,307 $8,204,989 +0.0%
Expenses $28,685,019 $20,153,215 +0.4%
Net Income $-20,143,712 $-11,948,226 +0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
6
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
4
$2,447,247
Total Directors
5
$0
Key Employees
1
$943,821
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Chairman 1.0
Officer Director
$0 $0 $0
N/A Treasurer/Secretary 1.0
Officer Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Interim CFO 1.0
Officer
$0 $62,127 $381,356
N/A President, CEO 1.0
Officer
$0 $66,119 $2,065,891
N/A Chief Operating Officer 1.0
Key Emp
$0 $32,203 $943,821
N/A Chief Development Officer 35.0
Highest
$442,514 $43,115 $485,629
N/A VP of Development 35.0
Highest
$118,283 $17,253 $135,536
N/A Grants Manager 35.0
Highest
$137,529 $33,663 $171,192
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 No data No data No data No data
2023 $8,541,307 $28,685,019 $67,039,928 $-20,143,712
2022 $8,204,989 $20,153,215 $98,422,846 $-11,948,226
2021 $14,129,144 $10,437,442 $107,017,435 $3,691,702
2020 $20,564,214 $33,634,523 $109,444,221 $-13,070,309
2019 $9,825,209 $18,494,689 $90,644,460 $-8,669,480
2018 $6,716,842 $2,050,874 $83,000,118 $4,665,968
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