Jewish Federation Senior Housing Inc
- Assets
- $924.0k
- Revenue
- $1.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Cherry Hill, NJ
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 31-1654257
Organization Overview
Jewish Federation Senior Housing Inc, operating under the name Gesher House, is located in Cherry Hill, NJ. The organization was established in 1999. 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. Gesher House 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, Gesher House generated $1.5k 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 (61.0%) each year. All expenses for the organization totaled $1.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (63.0%) 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
TO PROVIDE SAFE, CLEAN, AND AFFORDABLE HOUSING TO VERY LOW INCOME PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JEWISH FEDERATION SENIOR HOUSING, INC. (THE CORPORATION), A NEW JERSEY NONPROFIT CORPORATION, OWNED AND OPERATED A 75-UNIT APARTMENT PROJECT FOR LOW-INCOME SENIOR CITIZENS, KNOWN AS GESHER HOUSE (THE PROJECT), LOCATED IN CHERRY HILL, NEW JERSEY. THE PROJECT WAS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHANGES, OPERATING EXPENSES, DISTRIBUTIONS TO OFFICERS OR DIRECTORS AND OPERATING METHODS. THE CORPORATION'S MAJOR PROGRAM WAS SECTION 202, SUPPORTIVE HOUSING FOR THE ELDERLY.CONTINUED ON SCHEDULE O.DURING 2019, AN ASSET PURCHASE AGREEMENT (APA) WAS ENTERED INTO WITH CAPITAL REALTY GROUP, INC. (AN UNRELATED BUYER) AND THE CORPORATION AND A RELATED ENTITY, BERNARD DUBIN HOUSE, L.P. (THE PARTNERSHIP). EFFECTIVE JUNE 1, 2020, THE CORPORATION CLOSED THE APA AND SOLD SUBSTANTIALLY ALL ASSETS AND TRANSFERRED CERTAIN LIABILITIES USED IN OR INCIDENTAL TO THE CONDUCT OF THE BUSINESS TO THE BUYER AND THIS REPORTING ENTITY IS WINDING DOWN. THE BUYER ASSUMED THE MORTGAGE FOR THE CORPORATION. THE CORPORATION WILL CONTINUE UNTIL THE FILING REQUIREMENTS FOR THIS REPORTING ENTITY ARE COMPLETED, AT WHICH TIME THERE WILL THEN BE NO REMAINING NET ASSETS IN THIS REPORTING ENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Zell MD President | OfficerTrustee | 0.25 | $0 |
Mark Adler Vice President | OfficerTrustee | 0.25 | $0 |
Ian D Meklinsky ESQ Vice President | OfficerTrustee | 0.25 | $0 |
Mark R Rosen ESQ Vice President | OfficerTrustee | 0.25 | $0 |
Michael Frankel Treasurer | OfficerTrustee | 0.25 | $0 |
Naomi Schimmer Secretary | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,534 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $1,417 |
| Information technology | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $913,677 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $8,734 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,574 |
| Total assets | $923,985 |
| Accounts payable and accrued expenses | $10,745 |
| Grants payable | $0 |
| Deferred revenue | $2,891 |
| 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 | $13,636 |
| Net assets without donor restrictions | $910,349 |
| Net assets with donor restrictions | $0 |
| 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 | $923,985 |
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