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Nonprofiteer
← AMIGOUR ASSET MANAGEMENT LTD

Form 990 for tax year 2023

Filed by AMIGOUR ASSET MANAGEMENT LTD.

Totals

Total revenue
$50,394,040
Total expenses
$47,992,683
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$50,394,040
Investment income
$0
Other revenue
$0
Total assets, end of year
$34,233,911
Total liabilities, end of year
$27,361,731
Net assets or fund balances, end of year
$6,872,180
Program services expenses (Part IX)
$42,918,970
Management and general expenses
$4,811,838
Fundraising expenses
$261,875
Program service expenses (Part III)
$42,918,970

Program services were 89.4% 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: PROJ MGMT & SALES FEES

    total $18,241,734 · related or exempt $18,241,734

  • 2b · Program service revenue: SHELTERED HOUSING REV

    total $17,326,833 · related or exempt $17,326,833

  • 2c · Program service revenue: GOV'T OWNED APARTMENTS

    total $12,827,371 · related or exempt $12,827,371

  • 2d · Program service revenue: TENANTS REIM. OF COSTS

    total $1,113,008 · related or exempt $1,113,008

  • 2e · Program service revenue: JEWISH AGENCY HOMES FOR THE ELDER

    total $845,528 · related or exempt $845,528

  • 2f · All other program service revenue

    total $39,566 · related or exempt $39,566

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,178,129 · program services $296,246 · management and general $620,008 · fundraising $261,875

  • 7 · Other salaries and wages

    total $9,664,419 · program services $7,881,803 · management and general $1,782,616

  • 11b · Fees: legal

    total $75,531 · management and general $75,531

  • 11c · Fees: accounting

    total $48,132 · management and general $48,132

  • 12 · Advertising and promotion

    total $76,152 · management and general $76,152

  • 16 · Occupancy

    total $498,645 · management and general $498,645

  • 22 · Depreciation, depletion and amortization

    total $202,439 · program services $202,439

  • 24a · Other expenses: OLD AGE HOME OPERATING

    total $14,293,767 · program services $14,293,767

  • 24b · Other expenses: NURSING WARDS

    total $12,169,919 · program services $12,169,919

  • 24c · Other expenses: ORGANIZATIONAL EXPENSE

    total $5,079,588 · program services $3,642,818 · management and general $1,436,770

  • 24d · Other expenses: REPAIR AND MAINTENANCE

    total $2,805,149 · program services $2,805,149

  • 24e · All other expenses

    total $1,900,813 · program services $1,626,829 · management and general $273,984

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $919,577 · end of year $854,150

  • 4 · Accounts receivable

    beginning of year $23,888,891 · end of year $27,874,000

  • 5 · Loans and receivables from officers and key people

    beginning of year $186,132 · end of year $132,892

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

    $1,595,046

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

    $386,500

  • 10c · Land, buildings and equipment, net

    beginning of year $1,464,855 · end of year $1,208,546

  • 12 · Investments: other securities

    beginning of year $1,616,653 · end of year $2,456,851

  • 15 · Other assets

    beginning of year $1,739,698 · end of year $1,707,472

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,134,697 · end of year $12,122,140

  • 25 · Other liabilities

    beginning of year $16,210,286 · end of year $15,239,591

  • 28 · Net assets with donor restrictions

    beginning of year $4,470,823 · end of year $6,872,180

Mission and programs · 2023

Mission

THE AMIGOUR ASSET MANAGEMENT, LTD IS A NOT-FOR-PROFIT CORPORATION DEDICATED TO PROVIDING LOW INCOME HOUSING FOR IMMIGRANTS, ESPECIALLY THE MOST VULNERABLE, SUCH AS THE ELDERLY OR THOSE LACKING FINANCIAL MEANS AND ASSISTS THEM IN MASTERING HEBREW, KNOW-HOW AND INTEGRATION.

Activities or mission (Part I)

THE AMIGOUR ASSET MANAGEMENT, LTD IS A NOT-FOR-PROFIT CORPORATION DEDICATED TO PROVIDING LOW INCOME HOUSING FOR IMMIGRANTS, ESPECIALLY THE MOST VULNERABLE, SUCH AS THE ELDERLY OR THOSE LACKING FINANCIAL MEANS.

  • THE EXPENDITURES FOR THE YEAR FURTHERED THE ACCOMPLISHMENT OF THE ORGANIZATION'S PURPOSE IN PROVIDING LOW INCOME HOUSING FOR IMMIGRANTS, ESPECIALLY THE MOST VULNERABLE, SUCH AS THE ELDERLY OR THOSE LACKING FINANCIAL MEANS.

    Expenses $42,918,970 · Revenue $50,394,040

As filed on the 2023 return.

Listed in Part VII

  • Josh Schwartz

    DIRECTOR

    Total calculated
    $298,346
    From this org
    $0
    From related orgs
    $259,240
    Other
    $39,106
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,240 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $39,106 related
    Filer's total
    $0 + $298,346 related

  • Yitzhak Brick

    DIRECTOR

    Total calculated
    $867
    From this org
    $867
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Eran Agay

    DIRECTOR

    Total calculated
    $1,106
    From this org
    $1,106
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Moshe Shiff

    DIRECTOR

    Total calculated
    $276,131
    From this org
    $0
    From related orgs
    $228,757
    Other
    $47,374
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,757 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $47,374 related
    Filer's total
    $0 + $276,131 related

  • Amira Dotan

    DIRECTOR

    Total calculated
    $1,695
    From this org
    $1,695
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Yithak Rosenberg

    DIRECTOR

    Total calculated
    $2,514
    From this org
    $2,514
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Helna Glazer

    DIRECTOR

    Total calculated
    $1,257
    From this org
    $1,257
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Doron Cohen

    DIRECTOR

    Total calculated
    $3,232
    From this org
    $3,232
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Yair Gabbai

    DIRECTOR

    Total calculated
    $1,616
    From this org
    $1,616
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Eliyahu Barda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rachel Abecassis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Moshe Ashirie

    CHAIRMAN OF THE BOARD

    Total calculated
    $291,873
    From this org
    $0
    From related orgs
    $253,253
    Other
    $38,620
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $253,253 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $38,620 related
    Filer's total
    $0 + $291,873 related

  • Erez Shani

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $261,876
    From this org
    $213,835
    From related orgs
    $0
    Other
    $48,041
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,835
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $48,041
    Filer's total
    $261,876

  • Rachel Elroi

    VP REGULATORY

    Total calculated
    $206,076
    From this org
    $172,777
    From related orgs
    $0
    Other
    $33,299
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,777
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,299
    Filer's total
    $206,076

  • Guy Tennanbaum

    VP ENGINEERING

    Total calculated
    $208,309
    From this org
    $174,968
    From related orgs
    $0
    Other
    $33,341
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,968
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,341
    Filer's total
    $208,309

  • Ofer Arussi

    CHIEF FINANCIAL OFFICER

    Total calculated
    $207,196
    From this org
    $173,901
    From related orgs
    $0
    Other
    $33,295
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,901
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,295
    Filer's total
    $207,196

  • Shai Kagan

    LEGAL COUNSEL

    Total calculated
    $206,734
    From this org
    $173,422
    From related orgs
    $0
    Other
    $33,312
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,422
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,312
    Filer's total
    $206,734

  • Carmit Savion

    EMPLOYEE

    Total calculated
    $174,302
    From this org
    $146,687
    From related orgs
    $0
    Other
    $27,615
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,687
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,615
    Filer's total
    $174,302

  • David Muzikenski

    EMPLOYEE

    Total calculated
    $176,827
    From this org
    $149,630
    From related orgs
    $0
    Other
    $27,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,630
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,197
    Filer's total
    $176,827

  • Tamar Katzir

    EMPLOYEE

    Total calculated
    $171,725
    From this org
    $144,182
    From related orgs
    $0
    Other
    $27,543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,182
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,543
    Filer's total
    $171,725

  • Benjamin Strisfeld

    EMPLOYEE

    Total calculated
    $146,687
    From this org
    $124,980
    From related orgs
    $0
    Other
    $21,707
    Hours/week
    40

  • Avidan Vaknin

    EMPLOYEE

    Total calculated
    $150,075
    From this org
    $130,518
    From related orgs
    $0
    Other
    $19,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,518
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,557
    Filer's total
    $150,075

  • Arieh Abir

    FORMER CHAIRMAN OF THE BOARD

    Total calculated
    $75,650
    From this org
    $75,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 40 related

    Schedule J breakdown matched by us

    Base
    $75,650
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $75,650

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

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.

  • JEWISH AGENCY FOR ISRAEL

    501 C 3 · BUILDING A THRIVING JEWISH FUTURE AND A STRONG ISRAEL. · IS

    Directly controlled by PARENT ENTITY

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202423129349302217

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