Hebrew Seniorlife Inc
- Assets
- $314.4m
- Revenue
- $14.6m
- Investments
- $58.7m
- Employees
- 125
- Location
- Boston, MA
- Founding
- 06/2005
- Data as of
- 09/2023
- EIN
- 90-0183119
Organization Overview
Hebrew Seniorlife Inc is located in Boston, MA. The organization was established in 2005. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2023, Hebrew Seniorlife Inc employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hebrew Seniorlife 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 09/2023, Hebrew Seniorlife Inc generated $14.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $24.0m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Dir.; Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Tres. & Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Board Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Chair Elect | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maxim Healthcare Services Agency Staffing | 9/29/23 | $3,920,068 |
American Quality Property Service Property Management Services | 9/29/23 | $951,490 |
Crothall Healthcare Inc Housekeeping Services | 9/29/23 | $2,588,075 |
Century Linen & Uniform Laundry Services | 9/29/23 | $1,390,699 |
Tegria Services Group-us Inc Consulting Services | 9/29/23 | $938,070 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $361,786 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,050,539 |
| Noncash contributions included in lines 1a–1f | $996,875 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,412,325 |
| Total Program Service Revenue | $8,362,808 |
| Investment income | $578,718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,498,626 |
| Net Income from Fundraising Events | $1,938 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,582,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $103,735 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,153,042 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,562,918 |
| Pension plan accruals and contributions | $176,596 |
| Other employee benefits | $1,125,902 |
| Payroll taxes | $921,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $170,227 |
| Fees for services: Accounting | $128,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $665,738 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,408,548 |
| Office expenses | $982,172 |
| Information technology | $8,138 |
| Royalties | $0 |
| Occupancy | $615,589 |
| Travel | $2,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,321 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,057,400 |
| Insurance | $89,955 |
| All other expenses | $0 |
| Total functional expenses | $24,025,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,372,062 |
| Savings and temporary cash investments | $12,159,810 |
| Pledges and grants receivable | $17,983,771 |
| 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 | $1,161,485 |
| Net Land, buildings, and equipment | $10,438,373 |
| Investments—publicly traded securities | $39,888,376 |
| Investments—other securities | $58,717,347 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,706,170 |
| Total assets | $314,427,394 |
| Accounts payable and accrued expenses | $15,896,924 |
| 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 | $652,280 |
| Total liabilities | $16,549,204 |
| Net assets without donor restrictions | $249,915,670 |
| Net assets with donor restrictions | $47,962,520 |
| 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 | $314,427,394 |
Grants Awarded
Over the last fiscal year, Hebrew Seniorlife Inc has awarded $236,072 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HRCA HOUSING FOR ELDERLY INC PURPOSE: UNRESTRICTED | $57,609 |
CENTER COMMUNITIES OF BROOKLINE INC PURPOSE: UNRESTRICTED | $20,000 |
HRCA SENIOR HOUSING INC PURPOSE: UNRESTRICTED | $40,427 |
CENTER COMMUNITIES OF BROOKLINE INC PURPOSE: UNRESTRICTED | $20,000 |
HRCA HOUSING FOR ELDERLY INC PURPOSE: UNRESTRICTED | $57,609 |
HRCA SENIOR HOUSING INC PURPOSE: UNRESTRICTED | $40,427 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hebrew Seniorlife Inc Boston, MA | $314,427,394 | $14,582,927 |
Center For Effective Philanthropy Inc Cambridge, MA | $22,242,124 | $13,668,584 |
Flatbush Community Fund Inc Cedarhurst, NY | $922,014 | $3,559,858 |
Worldwide Initiatives For Grantmaker Support Inc New York, NY | $3,016,260 | $2,087,417 |
Allied Community Services Inc Enfield, CT | $1,613,743 | $1,317,373 |
New Voices Foundation Amityville, NY | $25,035,874 | $6,147,881 |
Social Movement Technologies Foundation Inc Bloomfield, CT | $1,300,212 | $760,578 |
Innovative Solutions For Non-Profits Inc Cranston, RI | $0 | $7,797 |
Partners For Public Good New York, NY | $0 | $281,198 |
Ocean State Charity Events Inc Coventry, RI | $2,250 | $245,942 |
Capital City Education Foundation Inc Glastonbury, CT | $2,261,544 | $347,995 |
Hyde Management Company Inc Glens Falls, NY | $0 | $0 |