Skip to content
Nonprofiteer
← HEBREW HOME HOUSING DEVELOPMENT FUND CO INC

Form 990 for tax year 2024

Filed by HEBREW HOME HOUSING DEVELOPMENT FUND CO INC.

Totals

Total revenue
$5,812,001
Total expenses
$8,212,067
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,800,567
Investment income
$0
Other revenue
$11,434
Total assets, end of year
$7,876,130
Total liabilities, end of year
$16,110,142
Net assets or fund balances, end of year
-$8,234,012
Program services expenses (Part IX)
$6,793,486
Management and general expenses
$1,418,581
Fundraising expenses
$0
Program service expenses (Part III)
$6,793,486

Program services were 82.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SENIOR HOUSING

    total $5,800,567 · related or exempt $5,800,567

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: MISCELLANEOUS

    total $11,434 · excluded $11,434

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $11,434

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,090,727 · program services $473,900 · management and general $616,827

  • 8 · Pension plan contributions

    total $190,534 · program services $82,783 · management and general $107,751

  • 9 · Other employee benefits

    total $233,015 · program services $101,241 · management and general $131,774

  • 10 · Payroll taxes

    total $83,440 · program services $36,253 · management and general $47,187

  • 11a · Fees: management

    total $134,111 · management and general $134,111

  • 11c · Fees: accounting

    total $30,957 · management and general $30,957

  • 11g · Fees: other

    total $2,960,628 · program services $2,689,601 · management and general $271,027 · fundraising $0

  • 12 · Advertising and promotion

    total $8,282 · program services $8,282

  • 13 · Office expenses

    total $61,172 · management and general $61,172

  • 14 · Information technology

    total $17,605 · management and general $17,605

  • 16 · Occupancy

    total $2,103,182 · program services $2,103,182

  • 17 · Travel

    total $170 · management and general $170

  • 20 · Interest

    total $459,393 · program services $459,393

  • 22 · Depreciation, depletion and amortization

    total $725,693 · program services $725,693

  • 23 · Insurance

    total $82,220 · program services $82,220

  • 24a · Other expenses: Bad Debt

    total $30,938 · program services $30,938

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $205,947 · end of year $345,789

  • 4 · Accounts receivable

    beginning of year $129,775 · end of year $78,714

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $17,332 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $156,633 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $35,199,709

  • 10b · Land, buildings and equipment: accumulated depreciation

    $28,612,504

  • 10c · Land, buildings and equipment, net

    beginning of year $6,978,761 · end of year $6,587,205

  • 11 · Investments: publicly traded securities

    beginning of year $1,332,305 · end of year $69,473

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $607,945 · end of year $794,949

  • 17 · Accounts payable and accrued expenses

    beginning of year $916,844 · end of year $1,496,707

  • 21 · Escrow or custodial account liability

    beginning of year $575,855

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $12,340,535 · end of year $11,516,100

  • 25 · Other liabilities

    beginning of year $1,461,577 · end of year $3,097,335

  • 27 · Net assets without donor restrictions

    beginning of year -$5,866,113 · end of year -$8,234,012

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO PROVIDE INDEPENDENT SENIOR HOUSING IN A SAFE, CONGENIAL ENVIRONMENT.

  • HOUSING AND OTHER SERVICES PROVIDED TO AN AVERAGE OF 103 RESIDENTS. THE MONTHLY FEE INCLUDES MEALS, ACTIVITIES, TRANSPORTATION, A FITNESS CENTER, ALL UTILITIES, BASIC CABLE, AS WELL AS HOUSEKEEPING AND LINEN SERVICE.

    Expenses $6,793,486 · Revenue $5,800,567

As filed on the 2024 return.

Listed in Part VII

  • Jeffrey S Maurer

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 9 related

  • Joseph Wygoda

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • David Sable

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • James A Shifren

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Martin Hoffman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Carl Willner

    SVP, FINANCE

    Total calculated
    $482,681
    From this org
    $0
    From related orgs
    $419,816
    Other
    $62,865
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,720 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $3,096 related
    Deferred
    $0 + $26,812 related
    Nontaxable benefits
    $0 + $36,053 related
    Filer's total
    $0 + $482,681 related

  • Daniel Reingold

    PRESIDENT, CEO

    Total calculated
    $1,826,440
    From this org
    $0
    From related orgs
    $1,759,233
    Other
    $67,207
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,739,722 related
    Bonus
    $0
    Other
    $0 + $19,511 related
    Deferred
    $0 + $30,314 related
    Nontaxable benefits
    $0 + $36,893 related
    Filer's total
    $0 + $1,826,440 related

  • David Pomeranz

    CHIEF OPERATING OFFICER

    Total calculated
    $933,009
    From this org
    $0
    From related orgs
    $898,166
    Other
    $34,843
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $746,800 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $51,366 related
    Deferred
    $0 + $30,496 related
    Nontaxable benefits
    $0 + $4,347 related
    Filer's total
    $0 + $933,009 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE CEO AND OFFICERS AND SELECT KEY EMPLOYEES' COMPENSATION IS PAID THROUGH A RELATED MANAGEMENT SERVICE ORGANIZATION, RIVERSPRING SERVICES CORP. COMPENSATION IS ALLOCATED TO EACH RELATED ENTITY BASED ON AN APPROVED METHODOLOGY. DETERMINATION OF THE COMPENSATION IS BASED ON INDEPENDENT COMPARATIVE ANALYSIS OF COMPENSATION LEVELS FOR OTHER CEO'S AND OFFICERS IN ORGANIZATIONS OF SIMILAR SIZE IN THE LONG-TERM CARE INDUSTRY PRIMARILY IN THE NY METROPOLITAN AREA. THIS IS DONE BY AN INDEPENDENT COMPENSATION CONSULTANT AND THE INFORMATION IS THEN REVIEWED BY A COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD OF THE RELATED ENTITIES PAYING THE COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • RIVERSPRING POOLED ASSET FUND

    MANAGES INVESTMENTS · NY

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202503189349303950

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.