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Nonprofiteer
← CHELSEA JEWISH CHARITABLE FOUNDATION INC

Form 990 for tax year 2023

Filed by CHELSEA JEWISH CHARITABLE FOUNDATION INC.

Totals

Total revenue
$300,924
Total expenses
$638,195
Contributions and grants received
$734,448
Grants paid
$0
Program service revenue
$0
Investment income
-$398,973
Other revenue
-$34,551
Total assets, end of year
$8,053,144
Total liabilities, end of year
$1,590,987
Net assets or fund balances, end of year
$6,462,157
Program services expenses (Part IX)
$132
Management and general expenses
$378,076
Fundraising expenses
$259,987
Program service expenses (Part III)
$132

Program services were 0.0% 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.

  • 1c · Fundraising events

    $94,443

  • 1f · All other contributions, gifts and grants

    $640,005

  • 3 · Investment income

    total $225,473 · excluded $225,473

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

    securities $624,446

  • 7c · Gain or loss

    securities -$624,446

  • 7d · Net gain or loss

    total -$624,446 · excluded -$624,446

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $94,443

  • 8b · Fundraising events: direct expenses

    $34,551

  • 8c · Net income from fundraising events

    total -$34,551 · excluded -$34,551

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $525,170 · management and general $288,056 · fundraising $237,114

  • 9 · Other employee benefits

    total $11,163 · management and general $6,123 · fundraising $5,040

  • 10 · Payroll taxes

    total $39,498 · management and general $21,665 · fundraising $17,833

  • 11c · Fees: accounting

    total $11,391 · management and general $11,391

  • 11f · Fees: investment management

    total $30 · management and general $30

  • 11g · Fees: other

    total $10,281 · management and general $10,281

  • 14 · Information technology

    total $8,318 · management and general $8,318

  • 17 · Travel

    total $3,320 · management and general $3,320

  • 20 · Interest

    total $92 · program services $92

  • 23 · Insurance

    total $5,034 · management and general $5,034

  • 24a · Other expenses: STORE EXPENSE

    total $18,967 · management and general $18,967

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $2,988 · management and general $2,988

  • 24c · Other expenses: BANK CHARGES

    total $1,862 · management and general $1,862

  • 24d · Other expenses: STAFF RECRUITMENT

    total $41 · management and general $41

  • 24e · All other expenses

    total $40 · program services $40

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $567,397 · end of year $321,514

  • 3 · Pledges and grants receivable

    beginning of year $322,100 · end of year $322,603

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,811 · end of year $8,699

  • 11 · Investments: publicly traded securities

    beginning of year $4,838,121 · end of year $3,117,453

  • 15 · Other assets

    beginning of year $0 · end of year $4,282,875

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,079 · end of year $65,987

  • 25 · Other liabilities

    beginning of year $596,190 · end of year $1,525,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,769,023 · end of year $3,719,612

  • 28 · Net assets with donor restrictions

    beginning of year $1,316,137 · end of year $2,742,545

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO ENGAGE IN FUNDRAISING ACTIVITIES AND PROVIDE SUPPORT SERVICES TO SPONSOR RELATED NON-PROFIT ENTITIES WHICH ARE ENGAGED TO ENRICH THE LIFE OF EACH OF THEIR RESIDENTS AND PROGRAM PARTICIPANTS, SO THAT EACH CAN CONTINUE TO LIVE HIS OR HER LIFE WITH A SENSE OF MEANING AND PURPOSE.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES FUNDRAISING AND SUPPORT SERVICES TO RELATED ORGANIZATIONS WITHIN CHELSEA JEWISH LIFECARE, INC. GROUP.

  • FUNDRAISING & SUPPORT SERVICES - SPONSOR ASSISTED LIVING & REHABILITATION NON-PROFIT AFFILIATES CHELSEA JEWISH LIFECARE, INC. THROUGH EQUITY/DEFICIT FUNDING, LOAN GUARANTEE AND WORKING CAPITAL FUNDING, AS NEEDED.

    Expenses $132

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Barry Berman

    CEO EMERITUS/TREASURER

    Total calculated
    $903,917
    From this org
    $0
    From related orgs
    $893,369
    Other
    $10,548
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $721,164 related
    Bonus
    $0 + $150,000 related
    Other
    $0 + $22,205 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,548 related
    Filer's total
    $0 + $903,917 related

  • Adam Berman

    PRESIDENT AND CEO

    Total calculated
    $750,987
    From this org
    $0
    From related orgs
    $729,661
    Other
    $21,326
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $514,355 related
    Bonus
    $0 + $200,000 related
    Other
    $0 + $15,306 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,326 related
    Filer's total
    $0 + $750,987 related

  • Elizabeth Mullen

    COO AND CLERK

    Total calculated
    $301,271
    From this org
    $0
    From related orgs
    $292,864
    Other
    $8,407
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $292,864 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,407 related
    Filer's total
    $0 + $301,271 related

  • Gilda Richman

    CHAIR

    Total calculated
    $82,789
    From this org
    $0
    From related orgs
    $82,682
    Other
    $107
    Hours/week
    1 + 39 related

  • Judy Weiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Jennifer Santerre

    CFO

    Total calculated
    $229,741
    From this org
    $0
    From related orgs
    $208,928
    Other
    $20,813
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,928 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,813 related
    Filer's total
    $0 + $229,741 related

  • Ronilo Anglo

    CHIEF CLINICAL OFFICER

    Total calculated
    $276,528
    From this org
    $0
    From related orgs
    $255,638
    Other
    $20,890
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,638 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,890 related
    Filer's total
    $0 + $276,528 related

  • Karen Petruccelli

    VP OF CLINICAL QUALITY IMP

    Total calculated
    $216,037
    From this org
    $0
    From related orgs
    $208,131
    Other
    $7,906
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,131 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,906 related
    Filer's total
    $0 + $216,037 related

  • Theresa Halliday-Burri

    CHIEF BUSINESS DEVELOPEMENT

    Total calculated
    $202,340
    From this org
    $0
    From related orgs
    $195,121
    Other
    $7,219
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,121 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,219 related
    Filer's total
    $0 + $202,340 related

  • Katherine Santos

    VP OF STRATEGY & OPERATION

    Total calculated
    $197,110
    From this org
    $0
    From related orgs
    $197,110
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,110 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $197,110 related

  • Maria Champa

    CHIEF HUMAN RESOURCE OFFICER

    Total calculated
    $224,709
    From this org
    $0
    From related orgs
    $204,322
    Other
    $20,387
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,322 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,387 related
    Filer's total
    $0 + $224,709 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

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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S CEO IS PAID BY A RELATED ORGANIZATION, CHELSEA JEWISH LIFECARE. CHELSEA JEWISH LIFECARE USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: -COMPENSATION COMMITTEE -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443199349302874

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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