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Nonprofiteer
← GURWIN JEWISH GERIATRIC FOUNDATION INC

Form 990 for tax year 2024

Filed by GURWIN JEWISH GERIATRIC FOUNDATION INC.

Totals

Total revenue
$2,738,671
Total expenses
$1,408,340
Contributions and grants received
$508,041
Grants paid
$190,599
Program service revenue
$0
Investment income
$1,908,905
Other revenue
$321,725
Total assets, end of year
$32,790,021
Total liabilities, end of year
$7,062,669
Net assets or fund balances, end of year
$25,727,352
Program services expenses (Part IX)
$190,599
Management and general expenses
$1,134,616
Fundraising expenses
$83,125
Program service expenses (Part III)
$190,599

Program services were 13.5% 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

    $508,041

  • 3 · Investment income

    total $1,263,355 · excluded $1,263,355

  • 7a · Gross sales of assets other than inventory

    securities $6,379,264

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

    securities $5,733,714

  • 7c · Gain or loss

    securities $645,550

  • 7d · Net gain or loss

    total $645,550 · related or exempt $645,550

  • 8a · Fundraising events: gross income

    $490,089

  • 8b · Fundraising events: direct expenses

    $168,364

  • 8c · Net income from fundraising events

    total $321,725 · excluded $321,725

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $190,599 · program services $190,599

  • 5 · Compensation of officers, directors and key employees

    total $326,739 · management and general $326,739

  • 7 · Other salaries and wages

    total $265,170 · management and general $265,170

  • 8 · Pension plan contributions

    total $22,869 · management and general $22,869

  • 9 · Other employee benefits

    total $66,457 · management and general $66,457

  • 10 · Payroll taxes

    total $36,213 · management and general $36,213

  • 11a · Fees: management

    total $43,500 · management and general $43,500

  • 11b · Fees: legal

    total $2,250 · management and general $2,250

  • 11f · Fees: investment management

    total $68,849 · management and general $68,849

  • 11g · Fees: other

    total $3,503 · management and general $3,503

  • 12 · Advertising and promotion

    total $32,127 · fundraising $32,127

  • 13 · Office expenses

    total $3,831 · management and general $3,831

  • 18 · Travel or entertainment for public officials

    total $5,732 · fundraising $5,732

  • 19 · Conferences, conventions and meetings

    total $112,138 · management and general $112,138

  • 22 · Depreciation, depletion and amortization

    total $5,431 · fundraising $5,431

  • 23 · Insurance

    total $3,004 · fundraising $3,004

  • 24a · Other expenses: CREDIT LOSS EXPENSE

    total $122,560 · management and general $122,560

  • 24b · Other expenses: SERVICE CONTRACTS

    total $54,991 · management and general $54,991

  • 24c · Other expenses: CREDIT CARD PROCESSING

    total $22,980 · fundraising $22,980

  • 24d · Other expenses: PRINTING

    total $10,987 · fundraising $10,987

  • 24e · All other expenses

    total $8,410 · management and general $5,546 · fundraising $2,864

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $500 · end of year $500

  • 2 · Savings and temporary cash investments

    beginning of year $1,051,066 · end of year $910,924

  • 4 · Accounts receivable

    beginning of year $1,261,666 · end of year $1,206,298

  • 7 · Other notes and loans receivable

    beginning of year $11,853,355 · end of year $12,656,191

  • 9 · Prepaid expenses and deferred charges

    beginning of year $258 · end of year $7,742

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

    $273,127

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

    $226,077

  • 10c · Land, buildings and equipment, net

    beginning of year $49,181 · end of year $47,050

  • 11 · Investments: publicly traded securities

    beginning of year $16,540,270 · end of year $17,677,393

  • 15 · Other assets

    beginning of year $421,161 · end of year $283,923

  • 17 · Accounts payable and accrued expenses

    beginning of year $122,412 · end of year $133,539

  • 18 · Grants payable

    beginning of year $60,905 · end of year $36,436

  • 23 · Secured mortgages and notes payable

    beginning of year $6,565,247 · end of year $5,503,612

  • 24 · Unsecured notes and loans payable

    beginning of year $900,000 · end of year $600,000

  • 25 · Other liabilities

    beginning of year $783,816 · end of year $789,082

  • 27 · Net assets without donor restrictions

    beginning of year $21,738,948 · end of year $24,629,644

  • 28 · Net assets with donor restrictions

    beginning of year $1,006,129 · end of year $1,097,708

Mission and programs · 2024

Mission

TO RAISE, INVEST AND ALLOCATE FUNDS TO ENHANCE AND/OR PROVIDE SERVICES TO THE ELDERLY ALONG WITH STEWARDSHIP RESPONSIBILITIES OF A FOUNDATION.

Activities or mission (Part I)

SEE SCHEDULE O.

  • ASSIST AND SPONSOR PROGRAMS IN THE FIELD OF AGING AND TO DEVELOP AND EXPAND COMMUNITY INVOLVEMENT AND PARTICIPATION IN THE FIELD OF AGING BY MOBILIZING AND COORDINATING THE EFFORTS OF COMMUNITY LEADERS.

    Expenses $190,599 · Grants $190,599

As filed on the 2024 return.

Listed in Part VII

  • Gerald I Angowitz

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Bert Brodsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sheldon Ratner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Peter W Rosenthal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Terence E Smolev

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Carol Wolowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Paul Woldar

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Stuart B Almer

    PRESIDENT,CEO, ASST. SECRE

    Total calculated
    $0
    Hours/week
    0.5

  • Stephen Levy

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Tim Matejka

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $326,739
    From this org
    $286,124
    From related orgs
    $0
    Other
    $40,615
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $285,688
    Bonus
    $0
    Other
    $436
    Deferred
    $11,666
    Nontaxable benefits
    $28,949
    Filer's total
    $326,739

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

None.

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

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202503149349304440

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