JEWISH HOME LIFECARE UNIVERSITY AVENUE ASSISTED LIVING INC

EIN: 273960910 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$3,104,232
Total Expenses
$4,329,081
Total Assets
$21,138,313
Net Assets
$18,651,770
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
DE
Principal Officer
JEFFREY FARBER MD
Phone
2128705000
Tax Period
2023-01-01 to 2023-12-31

JEWISH HOME LIFECARE UNIVERSITY AVENUE ASSISTED LIVING INC, founded in 2010, is a community nonprofit in the Housing & Shelter sector that reported $3.1M in total revenue in fiscal year 2023. Expenses of $4.3M exceeded revenue, resulting in a 39% operating deficit.

Mission

JEWISH HOME LIFECARE, UNIVERSITY AVENUE ASSISTED LIVING, INC (D/B/A THE NEW JEWISH HOME, UNIVERSITY AVENUE ASSISTED LIVING) ("UNIVERSITY AVENUE ASSISTED LIVING"), WAS FORMED FOR THE PURPOSE OF OPERATING A MEDICAID ASSISTED LIVING FACILITY IN THE BRONX UNDER THE SUPERVISION OF THE NEW YORK STATE DEPARTMENT OF HEALTH THE BUILDING WAS COMPLETED IN 2014.

Program Service Accomplishments

Program 1
Expenses: $3,857,998 Revenue: $3,042,973

UNIVERSITY AVENUE ASSISTED LIVING IS A HIGH-QUALITY LIVING OPTION FOR MEDICALLY AND INCOME ELIGIBLE BRONX SENIORS AGED 65 AND OLDER WHO ARE INDEPENDENT YET REQUIRE SUPPORT SERVICES. THE BUILDING IS...

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UNIVERSITY AVENUE ASSISTED LIVING IS A HIGH-QUALITY LIVING OPTION FOR MEDICALLY AND INCOME ELIGIBLE BRONX SENIORS AGED 65 AND OLDER WHO ARE INDEPENDENT YET REQUIRE SUPPORT SERVICES. THE BUILDING IS LOCATED AT 2553 UNIVERSITY AVENUE, BRONX, NY 10468 COMPLETED IN FALL OF 2013, THE 72-BED FACILITY FEATURES HANDICAPPED ACCESSIBLE STUDIO APARTMENTS, EACH WITH A KITCHENETTE AND PRIVATE BATHROOM. THE BUILDING HAS DINING AND PROGRAM SPACES. RESIDENTS RECEIVE THREE MEALS DAILY, WEEKLY HOUSEKEEPING, PERSONAL CARE AND MEDICATION ASSISTANCE, ON-SITE NURSING SERVICES AND PHYSICIAN VISITS, SOCIAL WORK SERVICES AND 24-HOUR SECURITY. INDIVIDUALS CONTINUE TO ENJOY THEIR INDEPENDENT LIFESTYLE WHILE RECEIVING THE CARE AND SUPPORT THEY NEED. FOR MORE INFORMATION, VISIT: WWW JEWISHHOME.ORG.

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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 $61,259
Program Service Revenue $3,042,871
Investment Income $0
Other Revenue $102
TOTAL REVENUE $3,104,232

Expense Breakdown

Grants Paid $0
Salaries & Benefits $935,971
Fundraising Expenses $0
Program Expenses $3,857,998
Other Expenses $3,393,110
TOTAL EXPENSES $4,329,081

Year-over-Year Comparison

2023 2022 Change
Revenue $3,104,232 $2,991,650 +0.0%
Expenses $4,329,081 $4,310,912 +0.0%
Net Income $-1,224,849 $-1,319,262 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
13
Volunteers
4

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
$1,810,340
Total Directors
5
$1,810,340
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN ALTSCHULER TREASURER 0.20
Officer Director
$0 $0 $0
ELIZABETH PAGEL SEREBRANSKY CO-CHAIR 0.20
Officer Director
$0 $0 $0
JEFFREY I FARBER MD PRESIDENT AND CEO 0.95
Officer Director
$0 $61,538 $1,212,894
MARK WEISS CFO 0.95
Officer Director
$0 $22,692 $597,446
TAMI J SCHNEIDER CO-CHAIR 0.20
Officer Director
$0 $0 $0
LYNN OBERLANDER SECRETARY 0.20
Officer
$0 $0 $0
CATHERINE BURKE DIRECTOR, ASSISTED LIVING 35.00
Highest
$119,240 $6,268 $125,508
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 $3,104,232 $4,329,081 $21,138,313 $-1,224,849
2022 $2,991,650 $4,310,912 $21,741,373 $-1,319,262
2021 $3,662,269 $4,145,747 $22,438,750 $-483,478
2020 $3,300,658 $4,066,879 $23,167,203 $-766,221
2019 $4,024,773 $4,051,685 $24,057,331 $-26,912
2018 $3,227,664 $3,964,272 $24,664,537 $-736,608
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