GREENWOOD HOUSE HOME FOR THE JEWISH AGED

EIN: 210639867 501(c)(3) Health Care

EWING, NJ

Total Revenue
$18,088,932
Total Expenses
$20,500,538
Total Assets
$21,653,509
Net Assets
$17,966,506
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1940
Legal Domicile
NJ
Principal Officer
RICHARD S GOLDSTEIN
Phone
6098835391
Tax Period
2023-01-01 to 2023-12-31

GREENWOOD HOUSE HOME FOR THE JEWISH AGED, founded in 1940, is a mid-sized nonprofit in the Health Care sector that reported $18.1M in total revenue in fiscal year 2023. Expenses of $20.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO MEET THE PHYSICAL, EMOTIONAL, SOCIAL AND SPIRITUAL NEEDS OF THE ELDERLY

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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 $874,413
Program Service Revenue $16,834,814
Investment Income $136,994
Other Revenue $242,711
TOTAL REVENUE $18,088,932

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,506,929
Fundraising Expenses $248,286
Program Expenses $17,881,044
Other Expenses $9,993,609
TOTAL EXPENSES $20,500,538

Year-over-Year Comparison

2023 2022 Change
Revenue $18,088,932 $16,841,682 +0.1%
Expenses $20,500,538 $18,402,238 +0.1%
Net Income $-2,411,606 $-1,560,556 +0.5%
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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Governance

Voting Members
23
Independent Members
22
Employees
286
Volunteers
27

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
6
$277,063
Total Directors
27
$277,063
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD GOLDSTEIN CHIEF EXECUTIVE DIRECTOR 50.00
Officer Director
$260,607 $16,456 $277,063
MARISA CARLI PRESIDENT 0.50
Officer Director
$0 $0 $0
JOSHUA HORNSTEIN VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
DINA SHAW VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JEFFREY SUSSMAN SECRETARY 0.50
Officer Director
$0 $0 $0
DENNIS WALSINGHAM TREASURER THRU NOV 2023 0.50
Officer Director
$0 $0 $0
DONALD BARRACK TRUSTEE 0.50
Director
$0 $0 $0
HOWARD DEUTSCH TRUSTEE 0.50
Director
$0 $0 $0
JENNIFER FREEDMAN TRUSTEE 0.50
Director
$0 $0 $0
DANIEL GOODMAN TRUSTEE 0.50
Director
$0 $0 $0
LINDA GRENIS TRUSTEE 0.50
Director
$0 $0 $0
NAOMI HAUSER TRUSTEE 0.50
Director
$0 $0 $0
HOWARD HENSCHEL TRUSTEE 0.50
Director
$0 $0 $0
LEON KAPLAN TRUSTEE 0.50
Director
$0 $0 $0
RANDALL KRAKAUER TRUSTEE THRU JULY 2023 0.50
Director
$0 $0 $0
JANET KUSHNER TRUSTEE 0.50
Director
$0 $0 $0
JAMES LEVY TRUSTEE THRU AUG 2023 0.50
Director
$0 $0 $0
ROBERT NORMAN TRUSTEE 0.50
Director
$0 $0 $0
CRAIG MORGENSTERN TRUSTEE 0.50
Director
$0 $0 $0
JOEL ORLAND TRUSTEE 0.50
Director
$0 $0 $0
DANIELLE PERLMAN TRUSTEE 0.50
Director
$0 $0 $0
TRAVIS ROBINS TRUSTEE 0.50
Director
$0 $0 $0
HEDY SHAVEL TRUSTEE 0.50
Director
$0 $0 $0
DENISE SIEGEL TRUSTEE THRU JUNE 2023 0.50
Director
$0 $0 $0
ALLEN SILK TRUSTEE 0.50
Director
$0 $0 $0
WILLIAM WARREN TRUSTEE 0.50
Director
$0 $0 $0
DOUGLAS ZELTT IMMEDIATE PAST PRESIDENT 0.50
Director
$0 $0 $0
MOSES ALLIE RN - MDS COORDINATOR 40.00
Highest
$104,933 $21,772 $126,705
NEIL WISE DIRECTOR OF DEVELOPMENT 40.00
Highest
$105,966 $13,682 $119,648
DAISY S NAVARRO REGISTERED NURSE 40.00
Highest
$115,243 $11,869 $127,112
ANNE MARIE CHIPOWSKY PHYSICAL THERAPY SUPERVISOR 40.00
Highest
$107,909 $11,901 $119,810
IRENE MORILLA REGISTERED NURSE 40.00
Highest
$110,965 $12,837 $123,802
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 $18,088,932 $20,500,538 $21,653,509 $-2,411,606
2022 $16,841,682 $18,402,238 $34,003,649 $-1,560,556
2021 $17,061,446 $18,335,571 $36,305,309 $-1,274,125
2020 $18,046,444 $17,430,605 $23,916,970 $615,839
2019 $17,387,082 $17,835,170 $22,376,446 $-448,088
2018 $16,332,881 $17,807,267 $19,919,456 $-1,474,386
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