Chelsea Jewish North Shore Assisted Living Inc
- Assets
- $16.8m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Peabody, MA
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 04-3274643
Organization Overview
Chelsea Jewish North Shore Assisted Living Inc, operating under the name Harriett & Ralph Kaplan Estates, is located in Peabody, MA. The organization was established in 1995. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harriett & Ralph Kaplan Estates is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Harriett & Ralph Kaplan Estates generated $7.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $7.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO ENRICH THE LIFE OF EACH OF OUR RESIDENTS AND PROGRAM PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED LIVING - OPERATION OF A 130-UNIT ASSISTED LIVING FACILITY IN PEABODY, MA. 32 UNITS WERE SPECIALLY DESIGNED AND DESIGNATED FOR CARE SPECIALIZING IN MEMORY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Berman President And CEO | OfficerTrustee | 1 | $0 |
Barry Berman Treasurer | OfficerTrustee | 1 | $0 |
Gilda Richman Chair | OfficerTrustee | 1 | $0 |
Elizabeth Mullen COO And Clerk | Officer | 1 | $0 |
Jeffrey Landa CFO | Officer | 1 | $0 |
Joel Mazer Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landmark Structures Construction Contractor | 12/30/20 | $355,979 |
Ktm Exteriors Construction Contractor | 12/30/20 | $130,936 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $658,140 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $680,722 |
| Total Program Service Revenue | $7,300,551 |
| Investment income | $46,442 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,013 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,776,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,366,586 |
| Pension plan accruals and contributions | $2,989 |
| Other employee benefits | $292,105 |
| Payroll taxes | $247,201 |
| Fees for services: Management | $442,248 |
| Fees for services: Legal | $27,215 |
| Fees for services: Accounting | $23,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $243,622 |
| Advertising and promotion | $398 |
| Office expenses | $70,953 |
| Information technology | $9,193 |
| Royalties | $0 |
| Occupancy | $394,102 |
| Travel | $12,353 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,536 |
| Interest | $311,080 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $618,862 |
| Insurance | $158,875 |
| All other expenses | $2,972 |
| Total functional expenses | $6,972,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,324,896 |
| Savings and temporary cash investments | $68,585 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $365,412 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $228,286 |
| Net Land, buildings, and equipment | $12,493,535 |
| Investments—publicly traded securities | $1,315,289 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,967 |
| Total assets | $16,839,970 |
| Accounts payable and accrued expenses | $1,004,896 |
| Grants payable | $0 |
| Deferred revenue | $116,199 |
| Tax-exempt bond liabilities | $11,545,132 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $711,290 |
| Other liabilities | $2,513,844 |
| Total liabilities | $15,891,361 |
| Net assets without donor restrictions | $733,521 |
| Net assets with donor restrictions | $215,088 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,839,970 |
Endowment Analysis
| Beg. Balance | $215,088 |
| Ending Balance | $215,088 |
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