Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $543,578

• 1f · All other contributions, gifts and grants

  $999,422

• 1g · Noncash contributions included above

  $715,130

• 2a · Program service revenue: MANAGEMENT FEES

  total $9,171,636 · related or exempt $9,171,636

• 2b · Program service revenue: LAND LEASE REVENUE FROM AFFILIATES

  total $720,000 · related or exempt $720,000

• 2f · All other program service revenue

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

• 3 · Investment income

  total $1,415,211 · unrelated business $188,394 · excluded $1,226,817

• 6a · Gross rents

  real property $1,010,235

• 6c · Rental income or loss

  real property $1,010,235 · personal property $0

• 6d · Net rental income or loss

  total $1,010,235 · excluded $1,010,235

• 7a · Gross sales of assets other than inventory

  securities $2,102,842

• 7c · Gain or loss

  securities $2,102,842 · other assets $0

• 7d · Net gain or loss

  total $2,102,842 · excluded $2,102,842

• 8a · Fundraising events: gross income

  $117,375

• 8a · Fundraising events: contributions included on line 1c

  $543,578

• 8b · Fundraising events: direct expenses

  $349,389

• 8c · Net income from fundraising events

  total -$232,014 · excluded -$232,014

• 11a · Other revenue: PROPERTY DEVELOPMENT OVERHEAD FEE

  total $926,932 · related or exempt $926,932

• 11b · Other revenue: LEGAL SETTLEMENT

  total $163,942 · related or exempt $163,942

• 11c · Other revenue: DIETIC INTERN REVENUE

  total $79,302 · related or exempt $79,302

• 11d · All other revenue

  total $49,952 · related or exempt $49,952 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $1,220,128

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $121,662 · program services $121,662

• 5 · Compensation of officers, directors and key employees

  total $6,253,690 · program services $6,253,690

• 7 · Other salaries and wages

  total $6,970,247 · program services $4,639,944 · fundraising $2,330,303

• 8 · Pension plan contributions

  total $272,642 · program services $206,064 · fundraising $66,578

• 9 · Other employee benefits

  total $2,551,820 · program services $2,021,015 · fundraising $530,805

• 10 · Payroll taxes

  total $1,332,250 · program services $965,010 · fundraising $367,240

• 11a · Fees: management

  total $51,057 · management and general $51,057

• 11b · Fees: legal

  total $78,680 · management and general $78,680

• 11c · Fees: accounting

  total $136,798 · management and general $136,798

• 11f · Fees: investment management

  total $704,683 · management and general $704,683

• 11g · Fees: other

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

• 12 · Advertising and promotion

  total $1,636,298 · program services $1,636,298

• 13 · Office expenses

  total $608,191 · program services $490,235 · fundraising $117,956

• 14 · Information technology

  total $9,137 · program services $9,137

• 16 · Occupancy

  total $750,075 · program services $675,075 · fundraising $75,000

• 17 · Travel

  total $2,720 · program services $2,720

• 19 · Conferences, conventions and meetings

  total $33,754 · program services $21,691 · fundraising $12,063

• 20 · Interest

  total $207,749 · program services $207,749

• 22 · Depreciation, depletion and amortization

  total $2,048,159 · program services $2,048,159

• 23 · Insurance

  total $105,098 · program services $105,098

• 24a · Other expenses: PURCHASED SERVICES / LABOR

  total $7,276,699 · program services $7,269,758 · fundraising $6,941

• 24b · Other expenses: PAYROLL PROCESSING SERVICES

  total $617,922 · management and general $617,922

• 24c · Other expenses: SUPPLIES & MISCELLANEOUS

  total $466,174 · program services $228,651 · fundraising $237,523

• 24d · Other expenses: REPAIRS & MAINTENANCE

  total $42,101 · program services $42,101

• 24e · All other expenses

  total $13,226 · program services $13,226 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,304,089 · end of year $3,911,140

• 2 · Savings and temporary cash investments

  beginning of year $13,740,606 · end of year $15,213,693

• 3 · Pledges and grants receivable

  beginning of year $15,967,170 · end of year $12,864,530

• 4 · Accounts receivable

  beginning of year $10,280 · end of year -$5,999

• 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

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,311,335 · end of year $3,336,416

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

  $20,970,170

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

  $8,381,373

• 10c · Land, buildings and equipment, net

  beginning of year $10,974,645 · end of year $12,588,797

• 11 · Investments: publicly traded securities

  beginning of year $44,017,605 · end of year $48,848,490

• 12 · Investments: other securities

  beginning of year $54,389,163 · end of year $50,614,692

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $184,668,522 · end of year $186,217,494

• 17 · Accounts payable and accrued expenses

  beginning of year $18,332,738 · end of year $15,346,994

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $1,063,433 · end of year $10,013,514

• 27 · Net assets without donor restrictions

  beginning of year $264,051,873 · end of year $259,044,638

• 28 · Net assets with donor restrictions

  beginning of year $48,935,371 · end of year $49,184,107

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A TAX INDEMNIFICATION AND GROSS-UP PAYMENTS

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 2024 FORM W-2.

SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE

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 2024 FORM W-2.

SCHEDULE J, PART I, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION

HEBREW SENIORLIFE, INC. (HSL), THE PARENT ORGANIZATION, ESTABLISHES COMPENSATION OF THE ORGANIZATION'S PRESIDENT/CEO AND CFO. HSL UTILIZES THE FOLLOWING IN ESTABLISHING SUCH COMPENSATION: COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACT, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, & APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

SCHEDULE J, PART I, LINE 4A SEVERANCE OR CHANGE-OF-CONTROL PAYMENT

THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS FROM THE LISTED ORGANIZATION. THESE PAYMENTS WERE TREATED AS TAXABLE WAGES AND INCLUDED IN THEIR CALENDAR YEAR 2024 FORM W-2S. STEVE LANDERS - $593,752 - HEBREW SENIOR LIFE, INC

Disregarded entities

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

• CCB TOWNHOMES 120 CENTRE LLC

  ELDER HOUSING · MA · income $388,548 · assets $2,238,390

  Directly controlled by HSL

• HSL GUARANTOR LLC

  GUARANTOR · MA · income $45,156 · assets $1,131,837

  Directly controlled by HSL

• HSL CONSTRUCTION GUARANTOR LLC

  GUARANTOR · MA · income $44,979 · assets $1,127,304

  Directly controlled by HSL

• HSL 370 HARVARD ST LLC

  ELDER HOUSING · MA · income $0 · assets $0

  Directly controlled by HSL

• HSL FIREMAN PARTNER LLC

  ELDER HOUSING · MA · income $0 · assets $0

  Directly controlled by HSL

• FIREMAN EXPANSION MANAGER LLC

  ELDER HOUSING · MA · income $0 · assets $0

  Directly controlled by HSL

• FIREMAN EXPANSION LLC

  ELDER HOUSING · MA · income -$617,215 · assets $15,477,378

  Directly controlled by HSL

• HSL LEYLAND MM LLC

  ELDER HOUSING · MA · income $0 · assets $0

  Directly controlled by HSL

• HSL STOUGHTON LLC

  ELDER HOUSING · MA · income $0 · assets $0

  Directly controlled by HSL

• HSL STOUGHTON MM LLC

  ELDER HOUSING · MA · income $0 · assets $0

  Directly controlled by HSL

• HSL ROSLINDALE LLC

  ELDER HOUSING · MA · income $0 · assets $0

  Directly controlled by HSL

• HSL ROSLINDALE MM LLC

  ELDER HOUSING · MA · income $0 · assets $0

  Directly controlled by HSL

Related partnerships

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

• CCB COHEN 112 CENTRE MM LLC

  RELATED · ELDER HOUSING · MA · 55% owned · share of income $4,576,330 · share of assets $15,750,507 · general or managing partner

  Directly controlled by HSL

• HSL FIREMAN OPERATING LP

  N/A · ELDER HOUSING · MA · 99.99% owned · share of income $4,851,661 · share of assets $15,234,883 · general or managing partner

  Directly controlled by HSL

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• HSL PAYROLL SERVICES INC

  C CORPORATION · PAYROLL SERVICES · MA · 100% owned · share of income $0 · share of assets $132,109 · controlled entity

  Directly controlled by CCB

• HEBREW SENIORLIFE REAGE SOLUTIONS INC

  C CORPORATION · MGMT & CONS. SVCS · DE · 100% owned · share of income $0 · share of assets $23,485 · controlled entity

  Directly controlled by HSL