Chelsea Jewish Charitable Foundation Inc
- Assets
- $6.5m
- Revenue
- $697.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Peabody, MA
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 26-1244471
Organization Overview
Chelsea Jewish Charitable Foundation Inc is located in Peabody, MA. The organization was established in 2008. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chelsea Jewish Charitable Foundation Inc 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, Chelsea Jewish Charitable Foundation Inc generated $697.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $296.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (25.5%) 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 PROVIDES FUNDRAISING AND SUPPORT SERVICES TO RELATEDORGANIZATIONS WITHIN CHELSEA JEWISH LIFECARE, INC. GROUP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Berman Treasurer | OfficerTrustee | 1 | $0 |
Gilda Richman Chair, Fundraiser | OfficerTrustee | 26 | $0 |
Adam Berman President And CEO | OfficerTrustee | 1 | $0 |
Jeffrey Landa CFO | Officer | 1 | $0 |
Elizabeth Mullen COO And Clerk | Officer | 1 | $0 |
Joel Mazer Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nixon Peabody Legal | 12/30/14 | $201,746 |
Riemer & Braunstein Legal | 12/30/14 | $114,551 |
Altman & Company Llc Management Advisors | 12/30/14 | $206,421 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $141,691 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $299,939 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,630 |
| Total Program Service Revenue | $0 |
| Investment income | $237,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,892 |
| Net Income from Fundraising Events | -$11,149 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $697,425 |
| 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 | $233,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,389 |
| Payroll taxes | $19,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,379 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,848 |
| Information technology | $660 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,797 |
| Insurance | $2,278 |
| All other expenses | $2,593 |
| Total functional expenses | $296,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $713,070 |
| Savings and temporary cash investments | $28,171 |
| Pledges and grants receivable | $240,334 |
| Accounts receivable, net | $0 |
| 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 | $2,519 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,450,830 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,755 |
| Total assets | $6,483,679 |
| Accounts payable and accrued expenses | $32,913 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,913 |
| Net assets without donor restrictions | $5,291,950 |
| Net assets with donor restrictions | $1,158,816 |
| 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 | $6,483,679 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chelsea Jewish Charitable Foundation Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $100,000 |
Endowment Analysis
Peer Organizations
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|---|---|---|
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Circle Health Physicians Inc Lowell, MA | $24,693,078 | $78,082,073 |
Cancer Care Co-Payment Assistance Foundation Inc New York, NY | $80,171,765 | $74,806,659 |
Hss Properties Corporation New York, NY | $595,585,404 | $72,958,189 |
Royal Charter Properties - East Inc New York, NY | $212,621,601 | $60,926,484 |
Northeast Professional Registry Of Nurses Inc Beverly, MA | $69,495,666 | $57,554,389 |
Childrens Hospital Radiology Foundation Inc Boston, MA | $61,711,142 | $41,980,369 |
Marcus Avenue Medical Pc Westbury, NY | $15,403,274 | $17,010,236 |
Health & Welfare Fund Of Intern Tional Union Of Operating Engi Quincy, MA | $26,422,414 | $20,857,874 |
Rhode Island Hospital Foundation Providence, RI | $69,328,658 | $16,409,972 |
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |