Jewish Community Facilities Corp
- Assets
- $15.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 25
- Location
- Boca Raton, FL
- Founding
- 06/1994
- Data as of
- 08/2021
- EIN
- 65-0446896
Organization Overview
Jewish Community Facilities Corp is located in Boca Raton, FL. The organization was established in 1994. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 08/2021, Jewish Community Facilities Corp employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewish Community Facilities Corp is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 08/2021, Jewish Community Facilities Corp generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $6.3m during the year ending 08/2021. 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
HOLD TITLE TO, COLLECT INCOME FROM AND MANAGE REAL PROPERTY FOR THE JEWISH FEDERATION OF SOUTH PALM BEACH COUNTY, INC. (ID# 59-1945109)
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND OPERATIONS OF REAL ESTATE PROPERTIES AND THEIR RELATED ACTIVITIES FOR THE BENEFIT OF THE JEWISH FEDERATION OF SOUTH PALM BEACH COUNTY AND ITS AFFILIATED AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Levin Ex Officio Director | Trustee | 5 | $258,101 |
Mel Lowell Chief Professional Officer (cpo) | Trustee | 7 | $205,475 |
Barry Podolsky Secretary | Trustee | 2 | $0 |
Albert Gortz Director | Trustee | 2 | $0 |
Bob Cook Director | Trustee | 5 | $0 |
Wes Finch President | Trustee | 7 | $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 | $250,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,000 |
| Total Program Service Revenue | $2,674,033 |
| Investment income | $0 |
| 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 | $2,924,033 |
| 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 | $2,302,590 |
| 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 | $287 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,251,323 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,821 |
| Interest | -$436 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $679,639 |
| Insurance | $537,333 |
| All other expenses | $0 |
| Total functional expenses | $6,308,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $503,437 |
| 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 | $578,634 |
| Net Land, buildings, and equipment | $14,725,108 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,807,779 |
| Accounts payable and accrued expenses | $795,183 |
| Grants payable | $0 |
| Deferred revenue | $15,227 |
| 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 | $40,125,911 |
| Total liabilities | $40,936,321 |
| Net assets without donor restrictions | -$30,284,456 |
| Net assets with donor restrictions | $5,155,914 |
| 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 | $15,807,779 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Miami Hebrew Academy Miami Beach, FL | $19,271,856 | $16,534,439 |
Toras Emes Academy Of Miami Inc N Miami Beach, FL | $8,095,050 | $13,123,794 |
Mandel Jewish Community Center Of The Palm Beaches Inc Boynton Beach, FL | $23,146,908 | $13,871,829 |
Honeymoon Israel Foundation Inc Atlanta, GA | $4,189,661 | $5,124,058 |
Jewish Community Facilities Corp Boca Raton, FL | $15,807,779 | $2,924,033 |
Imagination Productions Inc Sunrise, FL | $7,951,961 | $5,736,510 |
Jcc Charitable Project Inc Tampa, FL | $28,872,010 | $4,404,693 |
Jack & Lee Rosen Jewish Community Center Inc Orlando, FL | $831,670 | $3,340,565 |
Isralight South Florida Inc Boynton Beach, FL | $1,622,861 | $3,379,169 |
Jewish Educational Alliance Of Savannah Georgia Inc Savannah, GA | $5,007,722 | $4,068,323 |
Hillels Of Georgia Inc Atlanta, GA | $11,406,142 | $2,806,351 |
Center For The Advancement Of Jewish Education Inc Miami, FL | $4,602,440 | $3,125,243 |