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Nonprofiteer
← MENORAH PARK CENTER FOR SENIOR LIVING

Form 990 for tax year 2024

Filed by MENORAH PARK CENTER FOR SENIOR LIVING.

Totals

Total revenue
$5,325,461
Total expenses
$5,010,708
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,570,852
Other revenue
$3,754,609
Total assets, end of year
$34,401,709
Total liabilities, end of year
$11,812,875
Net assets or fund balances, end of year
$22,588,834
Program services expenses (Part IX)
$0
Management and general expenses
$5,010,708
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $1,570,852 · excluded $1,570,852

  • 11a · Other revenue: VENDOR SETTLEMENTS

    total $2,514,791 · excluded $2,514,791

  • 11b · Other revenue: RECOVERED BAD DEBTS

    total $1,126,008 · related or exempt $1,126,008

  • 11c · Other revenue: REPAYMENTS RECEIVED

    total $113,028 · excluded $113,028

  • 11d · All other revenue

    total $782 · excluded $782

  • 11e · Other revenue, total

    $3,754,609

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $94,421 · management and general $94,421

  • 9 · Other employee benefits

    total $2,903 · management and general $2,903

  • 10 · Payroll taxes

    total $323,516 · management and general $323,516

  • 11b · Fees: legal

    total $278,885 · management and general $278,885

  • 11g · Fees: other

    total $612,274 · management and general $612,274

  • 12 · Advertising and promotion

    total $799 · management and general $799

  • 13 · Office expenses

    total $29,220 · management and general $29,220

  • 16 · Occupancy

    total $540,000 · management and general $540,000

  • 20 · Interest

    total $22,136 · management and general $22,136

  • 23 · Insurance

    total $3,106,554 · management and general $3,106,554

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,415,560 · end of year $2,909,636

  • 2 · Savings and temporary cash investments

    beginning of year $49,947,396 · end of year $30,922,961

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,897,915 · end of year $569,112

  • 11 · Investments: publicly traded securities

    beginning of year $40,155 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,547,182 · end of year $6,355,513

  • 19 · Deferred revenue

    beginning of year $220,317 · end of year $159,090

  • 24 · Unsecured notes and loans payable

    beginning of year $2,594,655 · end of year $1,761,828

  • 25 · Other liabilities

    beginning of year $8,914,791 · end of year $3,536,444

  • 27 · Net assets without donor restrictions

    beginning of year $21,024,081 · end of year $22,588,834

Mission and programs · 2024

Mission

THE ORGANIZATION SOLD ITS OPERATIONS IN DECEMBER 2023 AND IS NOW IN WINDUP MODE. IT IS NO LONGER CONDUCTING NEW BUSINESS, FOCUSING INSTEAD ON SETTLING REMAINING ASSETS AND LIABILITIES AND CLOSING OUT EXISTING MATTERS.

  • THE ORGANIZATION SOLD ITS OPERATIONS IN DECEMBER 2023 AND IS NOW IN WINDUP MODE. IT IS NO LONGER CONDUCTING NEW BUSINESS, FOCUSING INSTEAD ON SETTLING REMAINING ASSETS AND LIABILITIES AND CLOSING OUT EXISTING MATTERS.

    Revenue $1,126,008

As filed on the 2024 return.

Listed in Part VII

  • Harry Singer

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Adam Wieder

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Marc Silverstein

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Larry Mack

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Peter Meisel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Idelle Wolf

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ira Kaplan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jodi Naderhoff

    CFO

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Diane Liliestedt

    PRESIDENT & COO - FORMER

    Total calculated
    $277,207
    From this org
    $277,144
    From related orgs
    $0
    Other
    $63
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $277,115
    Bonus
    $0
    Other
    $29
    Deferred
    $0
    Nontaxable benefits
    $63
    Filer's total
    $277,207

  • Isaac Lifschutz

    VP - OPERATIONS - FORMER

    Total calculated
    $152,308
    From this org
    $152,308
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $152,308
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $152,308

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

  • MONTEFIORE HOME

    501(C)3 · SKILLED NURSING FACILITY · OH · controlled entity

    Directly controlled by MENORAH PARK CENTER FOR SENIOR LIVING

  • MONTEFIORE HOUSING CORPORATION

    501(C)3 · ASSISTED LIVING & SKILLED NURSING · OH · controlled entity

    Directly controlled by MONTEFIORE HOME

  • MONTEFIORE FOUNDATION

    501(C)3 · FUNDRAISING · OH · controlled entity

    Directly controlled by MONTEFIORE HOME

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • R H MYERS APARTMENTS LLC

    IL APARTMENTS · OH · income $0 · assets $0

    Directly controlled by MENORAH PARK CENTER FOR SENIOR LIVING

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.5
Source object
202601359349307305

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