Hebrew Senior Life Inc

EIN: 900183119 501(c)(3) Philanthropy & Grantmaking

Boston, MA

Total Revenue
$29,812,104
Total Expenses
$29,375,821
Total Assets
$332,383,415
Net Assets
$312,987,244
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MA
Phone
6173638000
Tax Period
2023-10-01 to 2024-09-30

Hebrew Senior Life Inc, founded in 2003, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $29.8M in total revenue in fiscal year 2023. Revenue surged 104% from the prior year, signaling strong growth momentum. Net assets of $313.0M represent 126 months of operating reserves.

Mission

Louis J. Woolf, President and CEO, received a housing allowance and gross-up payments related to life insurance premiums. Both payments were treated as taxable wages and included in his calendar year 2023 form W-2.

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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 $4,476,439
Program Service Revenue $9,161,085
Investment Income $9,960,934
Other Revenue $6,213,646
TOTAL REVENUE $29,812,104

Expense Breakdown

Grants Paid $124,311
Salaries & Benefits $14,549,442
Fundraising Expenses $4,065,430
Program Expenses $23,947,233
Other Expenses $14,702,068
TOTAL EXPENSES $29,375,821

Year-over-Year Comparison

2023 2022 Change
Revenue $29,812,104 $14,582,927 +1.0%
Expenses $29,375,821 $24,025,879 +0.2%
Net Income $436,283 $-9,442,952 -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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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
19
Independent Members
19
Employees
152
Volunteers
325

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
$2,569,781
Total Directors
22
$2,569,781
Key Employees
10
$4,288,622
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES D HART SECRETARY & CHIEF FIN. OFFICER 30.0
Officer Director
$497,767 $82,599 $580,366
JAY L WEBBER VICE CHAIR 45.0
Officer Director
$0 $0 $0
LOUIS J WOOLF PRESIDENT AND CEO (THRU 7/2023, RETURNED 5/2024 TO CURRENT) 30.0
Officer Director
$1,026,499 $84,903 $1,111,402
MARSHA COHEN TREASURER 2.0
Officer Director
$0 $0 $0
MELISSA BAYER TEARNEY BOARD CHAIR (THRU 9/30/23) 2.0
Officer Director
$0 $0 $0
RICHARD J HENKEN CHAIR ELECT (EFFECTIVE 10/1/23) 2.0
Officer Director
$0 $0 $0
STEVEN LANDERS PRESIDENT AND CEO (7/2023 - 5/2024) 30.0
Officer Director
$838,172 $39,841 $878,013
DAVID D ROSENTHAL MD DIRECTOR 1.0
Director
$0 $0 $0
ELLEN ZANE DIRECTOR 1.0
Director
$0 $0 $0
HAROLD G KOTLER DIRECTOR 1.0
Director
$0 $0 $0
HARRISON BANE DIRECTOR 1.0
Director
$0 $0 $0
HINDA L MARCUS DIRECTOR 1.0
Director
$0 $0 $0
HOWARD E COHEN DIRECTOR 1.0
Director
$0 $0 $0
JANE EDMONDS DIRECTOR 1.0
Director
$0 $0 $0
JEFFREY D DRUCKER DIRECTOR 1.0
Director
$0 $0 $0
MARK ZEIDEL MD DIRECTOR 1.0
Director
$0 $0 $0
REESE GENSER DIRECTOR 1.0
Director
$0 $0 $0
ROBERTA S WEINER DIRECTOR 1.0
Director
$0 $0 $0
STEVEN FLIER MD DIRECTOR 1.0
Director
$0 $0 $0
SUSAN FLORENCE SMITH DIRECTOR 1.0
Director
$0 $0 $0
THOMAS J DESIMONE DIRECTOR 1.0
Director
$0 $0 $0
TODD FINARD DIRECTOR 1.0
Director
$0 $0 $0
ERIC ROGERS CHIEF INFORMATION OFFICER 30.0
Key Emp
$351,134 $87,189 $438,323
KATELYN QUYNN CHIEF DEV OFF & VP BOARD REL 30.0
Key Emp
$380,581 $59,137 $439,718
KATHYRN W TASKER CHIEF SPONSORED AWARDS OFFICER 5.0
Key Emp
$0 $84,279 $362,109
KIMBERLY J BROOKS CHIEF OP. OFFICER, SEN LIVING 10.0
Key Emp
$375,200 $71,184 $446,384
LEWIS LIPSITZ MD DIR, HMIFAR & CHIEF ACAD. OFF 5.0
Key Emp
$0 $93,718 $509,310
LINDA THOMPSON CHIEF PEOPLE OFFICER 30.0
Key Emp
$355,082 $77,367 $432,449
MANDEL I ERNEST MD CHIEF MEDICAL OFFICER 10.0
Key Emp
$0 $63,347 $437,179
RACHEL LERNER ESQUIRE GEN. CNSL. & CHIEF COMP. OFF 30.0
Key Emp
$391,081 $74,001 $465,082
SARAH L SYKORA CHIEF COMM. & PLAN OFFICER 30.0
Key Emp
$309,804 $71,659 $381,463
TAMMY B RETALIC MS RN CHIEF NURSING OFF. & VP PCS 5.0
Key Emp
$0 $80,270 $376,605
DEBORAH MORSE VICE PRESIDENT OF REAL ESTATE 45.0
Highest
$251,280 $74,603 $325,883
LAURA KATZ LEACU SR. DIRECTOR, INSTITUTIONAL GIVING AND PRJTS 45.0
Highest
$239,078 $30,247 $269,325
MARSHA T SLOTNICK SENIOR MAJOR GIFTS OFFICER 45.0
Highest
$232,964 $31,882 $264,846
STACEY R WEINBAUM VP, BOARD RELATIONS, EVENTS, & LEADERSHIP ENG 45.0
Highest
$241,044 $58,807 $299,851
TERESA LISEK SR. DIRECTOR OF DEVELOPMENT & DONOR STRATEGY 45.0
Highest
$301,613 $79,643 $381,256
MARY MOSCATO FACHE PRESIDENT, HSL HC SVCS. & HRC 5.0
$0 $47,510 $765,256
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 $29,812,104 $29,375,821 $332,383,415 $436,283
2023 $14,582,927 $24,025,879 $314,427,394 $-9,442,952
2022 $30,511,901 $18,823,558 $304,176,064 $11,688,343
2021 $30,020,374 $19,081,361 $317,172,780 $10,939,013
2020 $21,516,879 $16,133,628 $277,983,076 $5,383,251
2019 $26,663,901 $17,661,191 $256,029,882 $9,002,710
2018 $19,418,226 $15,894,625 $245,748,741 $3,523,601
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