Skip to content
Nonprofiteer
← YAD CHESSED FUND INC

Form 990 for tax year 2023

Filed by YAD CHESSED FUND INC.

Totals

Total revenue
$1,850,757
Total expenses
$1,909,054
Contributions and grants received
$1,783,667
Grants paid
$687,043
Program service revenue
$0
Investment income
$67,090
Other revenue
$0
Total assets, end of year
$1,948,545
Total liabilities, end of year
$43,347
Net assets or fund balances, end of year
$1,905,198
Program services expenses (Part IX)
$1,506,896
Management and general expenses
$192,659
Fundraising expenses
$209,499
Program service expenses (Part III)
$1,506,896

Program services were 78.9% 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.

  • 1f · All other contributions, gifts and grants

    $1,783,667

  • 1g · Noncash contributions included above

    $10,232

  • 3 · Investment income

    total $52,157 · excluded $52,157

  • 7a · Gross sales of assets other than inventory

    securities $14,933

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $14,933

  • 7d · Net gain or loss

    total $14,933 · excluded $14,933

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $687,043 · program services $687,043

  • 5 · Compensation of officers, directors and key employees

    total $158,151 · program services $55,353 · management and general $15,815 · fundraising $86,983

  • 7 · Other salaries and wages

    total $515,969 · program services $428,298 · management and general $48,068 · fundraising $39,603

  • 9 · Other employee benefits

    total $35,028 · program services $20,725 · management and general $5,328 · fundraising $8,975

  • 10 · Payroll taxes

    total $55,219 · program services $39,605 · management and general $5,241 · fundraising $10,373

  • 11c · Fees: accounting

    total $40,910 · management and general $40,910

  • 11f · Fees: investment management

    total $4,238 · management and general $4,238

  • 11g · Fees: other

    total $318,526 · program services $221,539 · management and general $62,392 · fundraising $34,595

  • 13 · Office expenses

    total $18,644 · program services $12,473 · management and general $1,672 · fundraising $4,499

  • 16 · Occupancy

    total $33,600 · program services $23,856 · management and general $2,688 · fundraising $7,056

  • 23 · Insurance

    total $5,572 · program services $3,965 · management and general $437 · fundraising $1,170

  • 24a · Other expenses: PRINTING AND MAILING

    total $14,694 · program services $4,851 · management and general $522 · fundraising $9,321

  • 24b · Other expenses: OTHER FEES

    total $8,661 · program services $2,141 · management and general $4,026 · fundraising $2,494

  • 24c · Other expenses: OTHER EXPENSES

    total $7,560 · program services $3,312 · management and general $913 · fundraising $3,335

  • 24d · Other expenses: COMMUNICATIONS

    total $5,239 · program services $3,735 · management and general $409 · fundraising $1,095

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $127,501 · end of year $100,118

  • 2 · Savings and temporary cash investments

    beginning of year $1,047,884 · end of year $882,968

  • 3 · Pledges and grants receivable

    beginning of year $15,000 · end of year $201,078

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,063 · end of year $42,836

  • 11 · Investments: publicly traded securities

    beginning of year $566,148 · end of year $647,927

  • 15 · Other assets

    beginning of year $84,140 · end of year $73,618

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,128 · end of year $43,347

  • 27 · Net assets without donor restrictions

    beginning of year $879,896 · end of year $926,293

  • 28 · Net assets with donor restrictions

    beginning of year $1,016,712 · end of year $978,905

Mission and programs · 2023

Mission

TO PROVIDE EMERGENCY FINANCIAL ASSISTANCE AND ADVICE AND GUIDANCE, WITH COMPASSION AND PRESERVING DIGNITY, TO JEWISH INDIVIDUALS IN GREATER BOSTON AND OTHER PARTS OF MASSACHUSETTS WHO ARE EXPERIENCING FINANCIAL DISTRESS AND FOOD INSECURITY.

Activities or mission (Part I)

TO PROVIDE EMERGENCY FINANCIAL ASSISTANCE AND ADVICE AND GUIDANCE, WITH COMPASSION AND PRESERVING DIGNITY, TO JEWISH INDIVIDUALS IN THE GREATER BOSTON AND OTHER PARTS OF MASSACHUSETTS WHO ARE EXPERIENCING FINANCIAL DISTRESS AND FOOD INSECURITY.

  • YAD CHESSED FUND, INC. PROVIDES FINANCIAL ASSISTANCE TO INDIVIDUALS BY PAYING FOR NECESSITIES SUCH AS FOOD, HOUSING, UTILITIES, AND OTHER ESSENTIALS. PAYMENTS FOR SUCH ESSENTIALS ARE MADE ON BEHALF OF CLIENTS TO THIRD PARTY PAYEES. YAD CHESSED ALSO SENDS SUPERMARKET GIFT CARDS DIRECTLY TO CLIENTS FACING FOOD INSECURITY. YAD CHESSED SOCIAL WORKERS ASSESS EACH CLIENT'S INDIVIDUAL NEEDS AND OFFER GUIDANCE, ADVICE AND REFERRALS TO OTHER AGENCIES AS APPROPRIATE. THE FUND SUPPORTED 1,419 HOUSEHOLDS CONSISTING OF 2,317 INDIVIDUALS DURING FISCAL 2024.

    Expenses $1,506,896 · Grants $687,043

As filed on the 2023 return.

Listed in Part VII

  • Cheryl Nissenbaum Sanders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Edward Musmon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janet Goldenberg

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Lori Silver

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Neal Karasic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kathy Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Shani Winton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rebecca Kotkin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Black

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Friedman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Housman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sandy Remz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Linda Skolnik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jacob Teich

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Susan Shanske

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Susan Steinhardt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Paul Furer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nancy Kriegel

    EXECUTIVE DIRECTOR

    Total calculated
    $165,227
    From this org
    $144,243
    From related orgs
    $0
    Other
    $20,984
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,243
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,984
    Filer's total
    $165,227

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 · 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.

Provenance

Return type
form_990
Tax year
2023
Filed
21 March 2025
IRS schema version
2023v6.0
Source object
202500809349300545

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.