Form 990 for tax year 2024
Filed by JEWISH COMMUNITY FACILITIES CORP.
Totals
- Total revenue
- $3,752,191
- Total expenses
- $7,117,077
- Contributions and grants received
- $500,000
- Grants paid
- $0
- Program service revenue
- $3,256,592
- Investment income
- -$4,401
- Other revenue
- $0
- Total assets, end of year
- $14,132,729
- Total liabilities, end of year
- $54,701,308
- Net assets or fund balances, end of year
- -$40,568,579
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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
$500,000
-
2a · Program service revenue: MANAGEMENT FEES
total $3,008,185 · related or exempt $3,008,185
-
2b · Program service revenue: COMMUNITY PTP SVCS
total $197,141 · related or exempt $197,141
-
2c · Program service revenue: INTER-AGENCY RENT
total $50,960 · related or exempt $50,960
-
2d · Program service revenue: PROGRAM REVENUE
total $306 · related or exempt $306
-
7b · Less cost or other basis and sales expenses
other assets $4,401
-
7c · Gain or loss
other assets -$4,401
-
7d · Net gain or loss
total -$4,401 · related or exempt -$4,401
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $2,652,281
-
13 · Office expenses
total $1,646
-
16 · Occupancy
total $1,620,532
-
19 · Conferences, conventions and meetings
total $4,080
-
20 · Interest
total $1,195
-
22 · Depreciation, depletion and amortization
total $417,275
-
23 · Insurance
total $485,716
-
24a · Other expenses: BUILDING & EQUIPMENT
total $1,398,804
-
24b · Other expenses: SERVICES & PROGRAMS
total $519,116
-
24c · Other expenses: ADMINISTRATION
total $13,676
-
24d · Other expenses: PRINTING & PUBLICITY
total $2,756
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $850 · end of year $850
-
4 · Accounts receivable
beginning of year $514,920 · end of year $495,036
-
9 · Prepaid expenses and deferred charges
beginning of year $476,029 · end of year $522,489
-
10a · Land, buildings and equipment: cost or other basis
$58,319,718
-
10b · Land, buildings and equipment: accumulated depreciation
$45,205,364
-
10c · Land, buildings and equipment, net
beginning of year $12,794,815 · end of year $13,114,354
-
17 · Accounts payable and accrued expenses
beginning of year $751,078 · end of year $761,330
-
25 · Other liabilities
beginning of year $50,239,229 · end of year $53,939,978
-
27 · Net assets without donor restrictions
beginning of year -$42,359,607 · end of year -$45,724,493
-
28 · Net assets with donor restrictions
beginning of year $5,155,914 · end of year $5,155,914
Mission and programs · 2024
Mission
AS LANDLORD, THE MISSION IS TO PROVIDE OPERATIONAL SERVICES TO ALL OCCUPANTS AND FACILITIES ON OUR 100-ACRE CAMPUS.
Activities or mission (Part I)
HOLD TITLE TO, COLLECT INCOME FROM AND MANAGE REAL PROPERTY FOR THE JEWISH FEDERATION OF SOUTH PALM BEACH COUNTY, INC. (ID# 59-1945109)
-
MANAGEMENT AND OPERATIONS OF REAL ESTATE PROPERTIES AND THEIR RELATED ACTIVITIES FOR THE BENEFIT OF THE JEWISH FEDERATION OF SOUTH PALM BEACH COUNTY AND ITS AFFILIATED AGENCIES.
As filed on the 2024 return.
Listed in Part VII
-
ALBERT GORTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
BARRY PODOLSKY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KAREN DERN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
LAWRENCE FELDMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 3 related
-
MICHAEL BECKERMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
JILL ROSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3 + 8 related
-
ROBERT COOK
CO-CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 3 + 3 related
-
ARTHUR GOLDBERG
PRESIDENT AND CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 15 + 11 related
-
BARRY WINOGRAD
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
WES FINCH
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 13 related
-
TODD POLIKOFF
FORMER CHIEF PROFESSIONAL OFFICER
- Total calculated
- $315,415
- From this org
- $208,674
- From related orgs
- $89,848
- Other
- $16,893
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $169,733 + $72,743 related
- Bonus
- $15,674 + $6,718 related
- Other
- $23,267 + $10,387 related
- Deferred
- $1,820 + $780 related
- Nontaxable benefits
- $10,005 + $4,288 related
- Filer's total
- $220,499 + $94,916 related
-
KAREN MILLOY-GOBRECHT
CHIEF PROFESSIONAL OFFICER
- Total calculated
- $274,866
- From this org
- $0
- From related orgs
- $262,002
- Other
- $12,864
- Hours/week
- 1 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $207,679 related
- Bonus
- $0 + $18,918 related
- Other
- $0 + $35,405 related
- Deferred
- $0 + $4,311 related
- Nontaxable benefits
- $0 + $8,553 related
- Filer's total
- $0 + $274,866 related
-
IGOR ALTERMAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 3 + 37 related
-
MATTHEW LEVIN
FORMER VICE PRESIDENT
- Total calculated
- $872,020
- From this org
- $0
- From related orgs
- $850,052
- Other
- $21,968
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $229,722 related
- Bonus
- $0
- Other
- $0 + $620,330 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $21,968 related
- Filer's total
- $0 + $872,020 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 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINES 4A-B
- MATTHEW LEVIN RECEIVED SEVERANCE PAYMENTS TOTALING $217,350 AND $392,633 OF 457F PAYOUTS FROM ALL ORGANIZATIONS.
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 FEDERATION OF SOUTH PALM BEACH COUNTY INC
501(C)(3) · FURTHER THE WELFARE OF THE JEWISH COMMUNITY IN SOUTH PALM BEACH COUNTY · FL
-
FEDERATION CCRC OPERATIONS CORP
501(C)(3) · PROVIDE A CONTINUING CARE RETIREMENT COMMUNITY · FL
Directly controlled by FEDERATION CCRC DEVELOPMENT LLC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 July 2026
- IRS schema version
- 2024v5.5
- Source object
- 202631969349300208
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