Form 990 for tax year 2023
Filed by ALBERT EINSTEIN RESIDENCE CENTER.
Totals
- Total revenue
- $20,599,607
- Total expenses
- $1,229,604
- Contributions and grants received
- $760,912
- Grants paid
- $0
- Program service revenue
- $309,409
- Investment income
- $19,524,343
- Other revenue
- $4,943
- Total assets, end of year
- $19,869,312
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $19,869,312
- Program services expenses (Part IX)
- $781,324
- Management and general expenses
- $448,280
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $781,324
Program services were 63.5% 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.
-
1e · Government grants (contributions)
$759,417
-
1f · All other contributions, gifts and grants
$1,495
-
2a · Program service revenue: TENANT RENTS AND MEALS
total $309,409 · related or exempt $309,409
-
3 · Investment income
total $219,634 · excluded $219,634
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
other assets $22,100,000
-
7b · Less cost or other basis and sales expenses
other assets $2,795,291
-
7c · Gain or loss
other assets $19,304,709
-
7d · Net gain or loss
total $19,304,709 · excluded $19,304,709
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: LAUNDRY AND VENDING
total $2,476 · related or exempt $2,476
-
11b · Other revenue: MISCELLANEOUS REVENUE
total $244 · related or exempt $244
-
11c · Other revenue: TENANT CHARGES
total $2,223 · related or exempt $2,223
-
11e · Other revenue, total
$4,943
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $158,770 · management and general $158,770
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $123,933 · program services $34,548 · management and general $89,385
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $38,335 · program services $38,335
-
10 · Payroll taxes
total $25,966 · program services $25,966
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $75,331 · management and general $75,331
-
11c · Fees: accounting
total $7,103 · management and general $7,103
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $21,000 · management and general $21,000
-
12 · Advertising and promotion
total $2,263 · management and general $2,263
-
13 · Office expenses
total $53,523 · management and general $53,523
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $152,949 · program services $152,949
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $84,312 · program services $84,312
-
23 · Insurance
total $33,926 · program services $33,926
-
24a · Other expenses: PROGRAM EXPENSES
total $137,989 · program services $137,989
-
24b · Other expenses: ASSISTED LIVING EXPENSES
total $115,513 · program services $115,513
-
24c · Other expenses: CONTRACTS
total $112,106 · program services $112,106
-
24d · Other expenses: SUPPLIES
total $28,656 · program services $28,656
-
24e · All other expenses
total $57,929 · program services $17,024 · management and general $40,905
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $43,433 · end of year $9,803
-
2 · Savings and temporary cash investments
end of year $19,859,509
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $6,225 · end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $8,900 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $33,962 · end of year $0
-
10c · Land, buildings and equipment, net
beginning of year $2,124,354 · end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $678,084 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $72,389
-
23 · Secured mortgages and notes payable
beginning of year $2,291,410
-
25 · Other liabilities
beginning of year $31,850
-
27 · Net assets without donor restrictions
beginning of year $499,309 · end of year $19,869,312
Mission and programs · 2023
Mission
To enhance the quality of life of seniors and disabled persons through innovative housing, food security, health and social services.
-
Providing quality low-income housing for seniors and disabled persons as well as programs promoting the well-being of seniors and disabled persons through food security, health and social services.
Expenses $781,324
As filed on the 2023 return.
Listed in Part VII
-
Rabbi Matt Rosenberg
Executive Dir.
- Total calculated
- $158,770
- From this org
- $135,000
- From related orgs
- $0
- Other
- $23,770
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $23,770
- Filer's total
- $158,770
-
Harold Feinberg
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Judi Turtletaub
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Elliot Mazer
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Monica Shapiro
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kay Crumb
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Phil Spilberg
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Lynn Belzer
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Miriam Simon
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jan Linver
Past President
- Total calculated
- $0
- Hours/week
- 1
-
Susan Stieber
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Levy
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Bob Mandelson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Steve Lewis
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Stan Leff
President
- Total calculated
- $0
- Hours/week
- 1
-
Hope Rabinovitz
Vice President
- Total calculated
- $0
- Hours/week
- 1
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.
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
EINSTEIN PRESERVATION LP
$22,100,000
Disposition · BUILDING · Mar 26, 2024 · LP
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413189349311421
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