HEBREW OLD AGE CENTER OF ATLANTIC CITY DBA SEASHORE GARDENS LIVING CENTER

EIN: 210634576 501(c)(3)

GALLOWAY TOWNSHIP, NJ

Total Revenue
$18,663,892
Total Expenses
$18,585,078
Total Assets
$14,713,634
Net Assets
$-9,843,074
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1916
Legal Domicile
NJ
Principal Officer
MARTIN KLEIN
Phone
6094044848
Tax Period
2023-01-01 to 2023-12-31

HEBREW OLD AGE CENTER OF ATLANTIC CITY DBA SEASHORE GARDENS LIVING CENTER, founded in 1916, is a mid-sized nonprofit that reported $18.7M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

THE SIMON & SYLVIA ZISMAN SEASHORE GARDENS LIVING CENTER (SEASHORE GARDENS LIVING CENTER) IS A NONPROFIT HOME FOR THE AGED, GUIDED BY JEWISH TRADITION, LAW AND CHARITY, AND DEDICATED TO ENRICHING THE QUALITY OF LIFE FOR EACH OF OUR RESIDENTS. WE CONTINUOUSLY STRIVE TO PROVIDE THE FINEST QUALITY OF HEALTHCARE AND SUPPORTIVE SERVICES. WE REMAIN PROACTIVE IN MEETING THE CHALLENGES WE FACE WITH THE UNDERSTANDING THAT WE ARE IN EXISTENCE FOR OUR RESIDENTS.

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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 $1,798,464
Program Service Revenue $16,832,779
Investment Income $7,005
Other Revenue $25,644
TOTAL REVENUE $18,663,892

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,051,671
Fundraising Expenses $0
Program Expenses $14,878,919
Other Expenses $7,533,407
TOTAL EXPENSES $18,585,078

Year-over-Year Comparison

2023 2022 Change
Revenue $18,663,892 $13,719,443 +0.4%
Expenses $18,585,078 $16,367,625 +0.1%
Net Income $78,814 $-2,648,182 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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

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Governance

Voting Members
15
Independent Members
15
Employees
252
Volunteers
26

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
7
$403,609
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN J FELDMAN TREASURER 1.00
Officer Director
$0 $0 $0
CY BALTUS BOARD MEMBER 1.00
Director
$0 $0 $0
DEAN L SCARPA BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC J SHARE BOARD MEMBER 1.00
Director
$0 $0 $0
HOWARD J BERNSTEIN BOARD MEMBER 1.00
Director
$0 $0 $0
JASON S GOLDSTEIN VICE CHAIR 1.00
Officer Director
$0 $0 $0
JEFFREY R DELSON BOARD MEMBER 1.00
Director
$0 $0 $0
NORMAN ZLOTNICK BOARD MEMBER 1.00
Director
$0 $0 $0
RABBI AARON H KRAUSS BOARD MEMBER 1.00
Director
$0 $0 $0
RABBI DAVID WEIS BOARD MEMBER 1.00
Director
$0 $0 $0
SHARON HARRIS-ZLOTNICK SECRETARY 1.00
Officer Director
$0 $0 $0
SHIRLEY LABOV BERNSTEIN BOARD MEMBER 1.00
Director
$0 $0 $0
SINDY O FINKELSON BOARD MEMBER 1.00
Director
$0 $0 $0
TED RICH CLU VICE CHAIR 1.00
Officer Director
$0 $0 $0
WILLIAM KOHLER BOARD MEMBER 1.00
Director
$0 $0 $0
ALYSIA PRICE ASSISTANT SECRETARY 40.00
Officer
$185,490 $0 $185,490
MARTIN H KLEIN PRESIDENT/CEO 1.00
Officer
$0 $0 $218,119
MICHAEL STARK CHAIR 1.00
Officer
$0 $0 $0
DELMA LATOJA RN 40.00
Highest
$266,969 $0 $266,969
MARIA LUZ SARDENA SALOMON MDS COORDINATOR 40.00
Highest
$141,892 $0 $141,892
MARYANN GALLOFIN RN 40.00
Highest
$133,269 $0 $133,269
SANDRA BUZBY DON 40.00
Highest
$117,764 $0 $117,764
NDIFREKE AKPAN CNA 40.00
Highest
$122,486 $0 $122,486
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 $18,663,892 $18,585,078 $14,713,634 $78,814
2022 $13,719,443 $16,367,625 $15,389,232 $-2,648,182
2021 $15,088,221 $15,061,198 $17,102,783 $27,023
2020 $15,151,547 $16,182,549 $18,960,412 $-1,031,002
2019 $15,373,039 $15,843,479 $19,219,942 $-470,440
2018 $15,028,588 $15,628,638 $19,491,224 $-600,050
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