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Nonprofiteer
← DAUGHTERS OF SARAH HOUSING COMPANY INC

Form 990 for tax year 2023

Filed by DAUGHTERS OF SARAH HOUSING COMPANY INC.

Totals

Total revenue
$4,678,578
Total expenses
$3,645,168
Contributions and grants received
$27,810
Grants paid
$0
Program service revenue
$4,568,837
Investment income
$74,931
Other revenue
$7,000
Total assets, end of year
$14,151,192
Total liabilities, end of year
$486,614
Net assets or fund balances, end of year
$13,664,578
Program services expenses (Part IX)
$2,913,571
Management and general expenses
$731,597
Fundraising expenses
$0
Program service expenses (Part III)
$2,913,571

Program services were 79.9% 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.

  • 1a · Federated campaigns

    $15,000

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $12,810

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

    total $4,568,837 · related or exempt $4,568,837 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $74,931 · related or exempt $74,931 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11d · All other revenue

    total $7,000 · related or exempt $7,000 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $7,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $151,104 · program services $0 · management and general $151,104 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $2,053,438 · program services $1,628,754 · management and general $424,684 · fundraising $0

  • 8 · Pension plan contributions

    total $17,269 · program services $15,611 · management and general $1,658 · fundraising $0

  • 9 · Other employee benefits

    total $143,226 · program services $128,522 · management and general $14,704 · fundraising $0

  • 10 · Payroll taxes

    total $122,262 · program services $111,525 · management and general $10,737 · fundraising $0

  • 11b · Fees: legal

    total $1,610 · program services $0 · management and general $1,610 · fundraising $0

  • 11c · Fees: accounting

    total $16,200 · program services $0 · management and general $16,200 · fundraising $0

  • 12 · Advertising and promotion

    total $34,279 · program services $34,279 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $5,976 · program services $2,510 · management and general $3,466 · fundraising $0

  • 14 · Information technology

    total $10,522 · program services $0 · management and general $10,522 · fundraising $0

  • 16 · Occupancy

    total $127,406 · program services $127,406 · management and general $0 · fundraising $0

  • 17 · Travel

    total $3,040 · program services $3,040 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $323,592 · program services $323,592 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $32,208 · program services $0 · management and general $32,208 · fundraising $0

  • 24a · Other expenses: SUPPLIES

    total $350,061 · program services $346,892 · management and general $3,169 · fundraising $0

  • 24b · Other expenses: PURCHASED SERVICES

    total $216,111 · program services $179,002 · management and general $37,109 · fundraising $0

  • 24c · Other expenses: OTHER DIRECT EXPENSE

    total $36,864 · program services $12,438 · management and general $24,426 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,239,196 · end of year $1,758,976

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $45,986 · end of year $40,477

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,536 · end of year $64,535

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

    $11,092,786

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

    $6,059,577

  • 10c · Land, buildings and equipment, net

    beginning of year $4,683,816 · end of year $5,033,209

  • 11 · Investments: publicly traded securities

    beginning of year $4,288,911 · end of year $4,360,514

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,579,519 · end of year $2,893,481

  • 17 · Accounts payable and accrued expenses

    beginning of year $533,758 · end of year $486,614

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $9,091,372 · end of year $10,117,782

  • 28 · Net assets with donor restrictions

    beginning of year $3,225,834 · end of year $3,546,796

Mission and programs · 2023

Mission

THE MISSION OF THE DAUGHTERS OF SARAH HOUSING COMPANY, INC. IS TO ENHANCE THE QUALITY OF LIFE , ASSURE THE SAFETY AND DIGNITY, AND FOSTER THE INDEPENDENCE OF THOSE WE SERVE , THROUGH RESIDENTIAL, PERSONAL CARE, HEALTH AND OTHER SERVICES, CONSISTENT WITH JEWISH VALUES AND TRADITIONS. ITS AUTHORIZED ACTIVITIES INCLUDE OPERATING AN ENRICHED HOUSING PROGRAM, ASSISTED LIVING FACILITY, AND ENHANCED ASSISTED LIVING FACILITY FOR ELDERLY ADULTS AS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH AND AN INDEPENDENT HOUSING FACILITY FOR SENIOR CITIZENS.

Activities or mission (Part I)

THE MISSION OF THE DAUGHTERS OF SARAH HOUSING COMPANY, INC. IS TO ENHANCE THE QUALITY OF LIFE, ASSURE THE SAFETY AND DIGNITY, AND FOSTER THE INDEPENDENCE OF THOSE WE SERVE, THROUGH RESIDENTIAL, PERSONAL CARE, HEALTH AND OTHER SERVICES, CONSISTENT WITH JEWISH VALUES AND TRADITIONS. IT'S AUTHORIZED ACTIVITIES INCLUDE OPERATING AN ENRICHED HOUSING PROGRAM, ASSISTED LIVING FACILITY, AND ENHANCED ASSISTED LIVING FACILITY FOR ELDERLY ADULTS AS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH, AND AN INDEPENDENT HOUSING FACILITY FOR SENIOR CITIZENS.

  • DAUGHTERS OF SARAH HOUSING COMPANY IS AUTHORIZED TO OPERATE AN ENRICHED HOUSING PROGRAM AND ASSISTED LIVING FACILITY FOR ELDERLY ADULTS AS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH AND AN INDEPENDENT HOUSING FACILITY FOR SENIOR CITIZENS. DAUGHTERS IS A 56 UNIT FACILITY PROVIDING FOR THE PERSONAL CARE AND SECURITY NEEDS OF FRAIL AND DISABLED SENIORS, A NUMBER OF WHOM ARE INDIGENT. BY MEETING ALL OF THE PERSONAL CARE NEEDS OF OUR RESIDENTS IN A WARM, CLEAN, LOVING AND INVITING ENVIRONMENT, DAUGHTERS INSURES THAT ITS RESIDENTS ARE ABLE TO LIVE AND AGE IN A DIGNIFIED, RESPECTFUL, AND SELF-INDEPENDENT MANNER APPROPRIATE TO THEIR HEALTH CONDITION AND PERSONAL REQUIREMENTS. THE GOAL OF THE SERVICES PROVIDED IS TO ENABLE THE RESIDENTS TO MAXIMIZE THEIR INDEPENDENCE AND ENRICH THE QUALITY OF THEIR LIVES. PROGRAMS THAT ALL MELD TO ACHIEVE OUR GOAL INCLUDE: THE AVAILABILITY OF ROUND THE CLOCK PERSONAL CARE STAFF, CASE MANAGEMENT, KOSHER MEALS PREPARED IN ACCORDANCE WITH JEWISH DIETARY LAWS, DAILY ACTIVITY PROGRAMMING FOR BOTH PHYSICAL AND MENTAL STIMULATION APPROPRIATE TO RESIDENT ACUITY LEVELS, REGULAR ENTERTAINMENT PROGRAMS, WEEKLY JEWISH SABBATH SERVICES, CELEBRATION OF ALL JEWISH HOLIDAYS (AND COORDINATION OF ACTIVITIES AROUND THE HOLIDAY THEMES), TRIPS AND EXCURSIONS TO COMMUNITY PROGRAMS AND OTHER SCHEDULED EVENTS CALCULATED TO BRING HAPPINESS TO THE LIVES OF OUR RESIDENTS. RESIDENTS ARE TREATED AS UNIQUE INDIVIDUALS AND ALL HAVE PERSONALIZED CARE PLANS THAT IDENTIFY THE SERVICES THAT THEY WILL RECEIVE. AS THEIR CARE NEEDS CHANGE THE PLANS ARE ADJUSTED ACCORDINGLY. DAUGHTERS FURTHER OFFERS RESPITE CARE TO ADULTS IN THE COMMUNITY. THIS SHORT-TERM SERVICE PROVIDES UP TO THIRTY DAYS OF A LOVING, SAFE, APPROPRIATELY MONITORED CARE IN AN ASSISTED LIVING FACILITY FOR INDIVIDUALS NEEDING AND DESIRING TO EXPERIENCE SUCH A LEVEL OF CARE.

    Expenses $2,907,761 · Revenue $4,644,958

  • WE PROVIDE SCHOLARSHIPS TO RESIDENTS WHOSE ABILITY TO PAY FOR THE COST OF THEIR CARE IS DIMINISHED, AND WHOSE OVERALL FINANCIAL RESOURCES ARE GENERALLY LESS THAN FIFTY PERCIENT (50%) OF THE AVERAGE RESOURCES OF THE GENERAL POPULATION IN THE SURROUNDING AREAS. THE SCHOLARSHIPS ARE BASED ON A FIVE (5) YEAR RETROSPECTIVE REVIEW OF AN APPLICANT'S BANK AND RELATED RECORDS. QUALIFYING APPLICANTS WILL RECEIVE SCHOLARSHIPS THROUGH SUPPORT FROM THE HARRY AND JEANETTE WEINBERG SCHOLARSHIP ENDOWMENT, WHICH WAS ESTABLISHED AND IS MAINTAINED FOR THIS PURPOSE WITH THE DAUGHTERS OF SARAH JEWISH FOUNDATION, INC. THESE SCHOLARSHIPS ENABLE RESIDENTS TO REMAIN IN A CARE SETTING MORE APPROPRIATE TO THEIR PERSONAL NEEDS. WITHOUT SCHOLARSHIP SUPPORT, QUALIFYING RESIDENTS MIGHT OTHERWISE BE COMPELLED TO TRANSFER TO A MORE RESTRICTIVE, MORE EXPENSIVE, AND UNNECESSARY HEALTH CARE SETTING -- BUT ONE THAT IS PAID FOR BY FEDERAL AND STATE GOVERNMENTS, SUCH AS A NURSING HOME. THE SCHOLARSHIPS ENABLE US TO HELP REDUCE THE BURDEN ON GOVERNMENTAL RESOURCES AND PRESERVE THE DIGNITY AND INDEPENDENCE OF RESIDENTS.

    Expenses $5,810 · Grants $5,810 · Revenue $5,810

  • WE ARE ENGAGED IN AN ONGOING PROCESS TO REVIEW CAMPUS-WIDE OPERATIONS AND STUDY THE FEASABILITY, DESIRABILITY, AND VIABILITY OF EXPANDING SUCH OPERATIONS TO INCORPORATE OTHER LEVELS OF ASSISTED LIVING, INDEPENDENT LIVING, COMMUNITY BASED MATTERS, AND OTHER POTENTIAL MISSION RELATED LINES OF HEALTH CARE SERVICES. IN THAT CONTEXT, DAUGHTERS HAS BEEN LICENSED BY THE NYS DEPARTMENT OF HEALTH AS AN ENHANCED ASSISTED LIVING FACILITY, WHICH ENABLES US TO FURTHER ASSIST ELDER RESIDENTS WITH THE CHALLENGES OF DAILY LIVING WITHOUT REQUIRING THEM TO TRANSFER TO MORE EXPENSIVE AND MORE RESTRICTIVE LEVELS OF HEALTH CARE.

As filed on the 2023 return.

Listed in Part VII

  • Mark Koblenz

    CEO - See Schedule J Part III

    Total calculated
    $512,776
    From this org
    $0
    From related orgs
    $463,562
    Other
    $49,214
    Hours/week
    11 + 27 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,583 related
    Bonus
    $0
    Other
    $0 + $124,979 related
    Deferred
    $0 + $17,292 related
    Nontaxable benefits
    $0 + $31,922 related
    Filer's total
    $0 + $512,776 related

  • Courtney Mulson

    CFO - see Schedule J Part III

    Total calculated
    $404,778
    From this org
    $0
    From related orgs
    $355,952
    Other
    $48,826
    Hours/week
    5 + 33 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,750 related
    Bonus
    $0
    Other
    $0 + $114,202 related
    Deferred
    $0 + $21,172 related
    Nontaxable benefits
    $0 + $27,654 related
    Filer's total
    $0 + $404,778 related

  • Lynda Shrager

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Karen Lobel

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Daniel Sanders

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ellen Schwartz

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jody Ference

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Finkle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Glaser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Litynski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ira Lobel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Caryn Poskanzer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rich Sokoler

    BOARD MEMBER

    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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

The filer's explanations (Part III)

Schedule J, Part II
The "Other Reportable Compensation" figures in Column (B)(iii) represent the payout of the staff's accrued but unused paid time off. These figures reflect receipt of this one-time payment made to the organization's eligible staff.

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
20 June 2024
IRS schema version
2023v5.0
Source object
202401729349300335

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