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← GURWIN JEWISH-FAY J LINDNER RESIDENCES INC

Form 990 for tax year 2023

Filed by GURWIN JEWISH-FAY J LINDNER RESIDENCES INC.

Totals

Total revenue
$14,790,589
Total expenses
$14,552,704
Contributions and grants received
$150,000
Grants paid
$88,005
Program service revenue
$14,493,224
Investment income
$7
Other revenue
$147,358
Total assets, end of year
$16,077,149
Total liabilities, end of year
$30,893,603
Net assets or fund balances, end of year
-$14,816,454
Program services expenses (Part IX)
$12,258,299
Management and general expenses
$2,294,405
Fundraising expenses
$0
Program service expenses (Part III)
$12,258,299

Program services were 84.2% 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

    $150,000

  • 2a · Program service revenue: RENTAL AND CARE INCOME

    total $14,176,144 · related or exempt $14,176,144

  • 2b · Program service revenue: COMMUNITY FEES

    total $317,080 · related or exempt $317,080

  • 3 · Investment income

    total $7 · excluded $7

  • 11a · Other revenue: OTHER

    total $59,789 · excluded $59,789

  • 11b · Other revenue: BARBER & BEAUTY

    total $46,346 · excluded $46,346

  • 11c · Other revenue: TELEPHONE

    total $41,223 · excluded $41,223

  • 11e · Other revenue, total

    $147,358

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $88,005 · program services $88,005

  • 7 · Other salaries and wages

    total $4,713,171 · program services $4,215,394 · management and general $497,777

  • 8 · Pension plan contributions

    total $137,103 · program services $122,623 · management and general $14,480

  • 9 · Other employee benefits

    total $867,297 · program services $775,698 · management and general $91,599

  • 10 · Payroll taxes

    total $388,859 · program services $347,790 · management and general $41,069

  • 11a · Fees: management

    total $829,000 · management and general $829,000

  • 11b · Fees: legal

    total $18,582 · management and general $18,582

  • 11c · Fees: accounting

    total $27,000 · management and general $27,000

  • 11f · Fees: investment management

    total $4,000 · management and general $4,000

  • 12 · Advertising and promotion

    total $153,920 · program services $1,502 · management and general $152,418

  • 13 · Office expenses

    total $3,613,430 · program services $3,240,803 · management and general $372,627

  • 16 · Occupancy

    total $1,098,976 · program services $982,909 · management and general $116,067

  • 17 · Travel

    total $100,672 · program services $100,672

  • 19 · Conferences, conventions and meetings

    total $6,062 · program services $445 · management and general $5,617

  • 20 · Interest

    total $1,190,902 · program services $1,190,902

  • 22 · Depreciation, depletion and amortization

    total $989,452 · program services $884,952 · management and general $104,500

  • 23 · Insurance

    total $287,845 · program services $268,176 · management and general $19,669

  • 24a · Other expenses: BEAUTY SALON

    total $43,428 · program services $43,428

  • 24b · Other expenses: CREDIT LOSSES

    total -$5,000 · program services -$5,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,048 · end of year $2,048

  • 2 · Savings and temporary cash investments

    beginning of year $1,281,181 · end of year $796,916

  • 3 · Pledges and grants receivable

    beginning of year $722,426 · end of year $860,426

  • 4 · Accounts receivable

    beginning of year $186,328 · end of year $248,670

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,099 · end of year $44,863

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

    $58,842,685

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

    $47,229,363

  • 10c · Land, buildings and equipment, net

    beginning of year $12,324,051 · end of year $11,613,322

  • 11 · Investments: publicly traded securities

    beginning of year $1,996,703 · end of year $1,991,774

  • 15 · Other assets

    beginning of year $504,130 · end of year $519,130

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,017,402 · end of year $2,073,065

  • 20 · Tax-exempt bond liabilities

    beginning of year $26,837,874 · end of year $25,598,068

  • 25 · Other liabilities

    beginning of year $3,273,029 · end of year $3,222,470

  • 27 · Net assets without donor restrictions

    beginning of year -$15,054,339 · end of year -$14,816,454

Mission and programs · 2023

Mission

GURWIN JEWISH-FAY J. LINDNER RESIDENCES WAS FORMED TO ESTABLISH, MAINTAIN AND OPERATE AN ASSISTED LIVING RESIDENCE WITH THE WRITTEN APPROVAL OF THE NEW YORK STATE DEPARTMENT OF HEALTH.

Activities or mission (Part I)

TO PROVIDE A SUPPORTIVE RESIDENTIAL ENVIRONMENT FOR THE ELDERLY.

  • GURWIN JEWISH-FAY J. LINDNER RESIDENCES PROVIDES HOUSING AND SUITABLE CARE FOR ADULTS THAT REQUIRE THE SERVICES OF ATTENDANTS TO ENSURE THEIR SAFETY AND COMFORT.

    Expenses $12,258,299 · Grants $88,005 · Revenue $14,702,584

As filed on the 2023 return.

Listed in Part VII

  • BERT BRODSKY

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • STEPHEN LEVY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • STUART ALMER

    PRESIDENT AND CEO

    Total calculated
    $0
    Hours/week
    0.5

  • SANDY STOLL

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • GERALD ANGOWITZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • LEE LAUNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DAVID LEIMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CARY WOLF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ADAM NOVAK

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • JOEL GALI

    ADMINISTRATOR

    Total calculated
    $221,508
    From this org
    $94,232
    From related orgs
    $94,231
    Other
    $33,045
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $93,677 + $93,677 related
    Bonus
    $0
    Other
    $555 + $554 related
    Deferred
    $3,800 + $3,800 related
    Nontaxable benefits
    $12,723 + $12,722 related
    Filer's total
    $110,755 + $110,753 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349312103

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