irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $11KWE PROVIDE SCHOLARSHIPS TO RESIDENTS WHOSE ABILITY TO PAY FOR THE COST OF THEIR CARE IS DIMINISHED, AND WHOSE OVERALL FINANCIAL RESOURCES ARE GENERALLY LESS THAN FIFTY PERCIENT (50%) OF THE AVERAGE RESOURCES OF THE GENERAL POPULATION IN THE SURROUNDING AREAS. THE SCHOLARSHIPS ARE BASED ON A FIVE (5) YEAR RETROSPECTIVE REVIEW OF AN APPLICANT'S BANK AND RELATED RECORDS. QUALIFYING APPLICANTS WILL RECEIVE SCHOLARSHIPS THROUGH SUPPORT FROM THE HARRY AND JEANETTE WEINBERG SCHOLARSHIP ENDOWMENT, WHICH WAS ESTABLISHED AND IS MAINTAINED FOR THIS PURPOSE WITH THE DAUGHTERS OF SARAH JEWISH FOUNDATION, INC. THESE SCHOLARSHIPS ENABLE RESIDENTS TO REMAIN IN A CARE SETTING MORE APPROPRIATE TO THEIR PERSONAL NEEDS. WITHOUT SCHOLARSHIP SUPPORT, QUALIFYING RESIDENTS MIGHT OTHERWISE BE COMPELLED TO TRANSFER TO A MORE RESTRICTIVE, MORE EXPENSIVE, AND UNNECESSARY HEALTH CARE SETTING -- BUT ONE THAT IS PAID FOR BY FEDERAL AND STATE GOVERNMENTS, SUCH AS A NURSING HOME. THE SCHOLARSHIPS ENABLE US TO HELP REDUCE THE BURDEN ON GOVERNMENTAL RESOURCES AND PRESERVE THE DIGNITY AND INDEPENDENCE OF RESIDENTS.
- #2 $0WE ARE ENGAGED IN AN ONGOING PROCESS TO REVIEW CAMPUS-WIDE OPERATIONS AND STUDY THE FEASABILITY, DESIRABILITY, AND VIABILITY OF EXPANDING SUCH OPERATIONS TO INCORPORATE OTHER LEVELS OF ASSISTED LIVING, INDEPENDENT LIVING, COMMUNITY BASED MATTERS, AND OTHER POTENTIAL MISSION RELATED LINES OF HEALTH CARE SERVICES. IN THAT CONTEXT, DAUGHTERS HAS BEEN LICENSED BY THE NYS DEPARTMENT OF HEALTH AS AN ENHANCED ASSISTED LIVING FACILITY, WHICH ENABLES US TO FURTHER ASSIST ELDER RESIDENTS WITH THE CHALLENGES OF DAILY LIVING WITHOUT REQUIRING THEM TO TRANSFER TO MORE EXPENSIVE AND MORE RESTRICTIVE LEVELS OF HEALTH CARE.
named programs · 2 · from sources
What they call their work
Enhanced Assisted Living Facility
Licensed by the New York State Department of Health to provide higher levels of personal and health care support for elderly residents, enabling them to age in place with dignity.
Harry and Jeanette Weinberg Scholarship Program
Provides need-based scholarships to residents with financial resources below 50% of the local average, determined by a five-year review of financial records, allowing them to remain in appropriate care settings.
activities · 3 groups
What they do
-
Continuing Care Retirement Communities 2 activities
- Conduct feasibility studies for expanding elder care servicesPerforms ongoing review and feasibility studies to expand campus operations to include additional levels of assisted living, independent living, and community-based health care services.
- Operate a licensed Enhanced Assisted Living FacilityProvides ongoing support for elderly residents with daily living challenges through a licensed Enhanced Assisted Living Facility, allowing them to remain in less restrictive care settings.
-
-
Local High School Scholarship Programs 1 activity
- Provide need-based scholarships for elderly residentsOffers scholarships to elderly residents with financial resources below 50% of the average in surrounding areas, determined through a five-year review of financial records.
-
-
Senior Independence Support Services 1 activity
- Support elderly residents in remaining in appropriate care settingsEnables qualifying elderly residents to stay in non-institutional, community-based care environments, preserving their independence and avoiding unnecessary transfers to government-funded nursing homes.
-
financials · form 990 · fy2024
revenue
Total revenue$5.33M
Contributions & grants$42K1%
Program service revenue$5.10M96%
Investment income$192K4%
Other revenue$365
expenses
Total expenses$4.76M
Program expenses83%
Admin / overhead17%
Fundraising0%
Salaries & benefits$2.83M
Grants paid out$600K
Largest expense lineCompensation
balance sheet
Total assets$15.16M
Cash$2.71M
Investments$4.35M
Liabilities$650K
Net assets$14.51M
Liquid reserves17.8 mo
5 years on record · 2020–2024 · YoY revenue +14.0%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MARK KOBLENZ | CEO - See Schedule J Part III | 11 | $465K |
| COURTNEY MULSON | CFO - see Schedule J Part III | 5 | $370K |
board members · 12
- CARYN POSKANZER — BOARD MEMBER
- DANIEL SANDERS — TREASURER
- DEBORAH STAYMAN — BOARD MEMNER
- ED MARINSTEIN — BOARD MEMBER
- ELLEN SCHWARTZ — SECRETARY
- IRA LOBEL — BOARD MEMBER
- JODY FERENCE — BOARD MEMBER
- KAREN GLASER — BOARD MEMBER
- KAREN LOBEL — CHAIR
- RICH SOKOLER — BOARD MEMBER
- ROBERT FINKLE — VICE-CHAIR
- ZALMAN SIMON — BOARD MEMBER
relationships · 3
Who they work with
- Daughters of Sarah Jewish Foundation, Inc. Partner — Hosts and maintains the Harry and Jeanette Weinberg Scholarship Endowment used to fund resident scholarships.
- Harry and Jeanette Weinberg Scholarship Endowment Partner — Provides scholarship funding administered through the Daughters of Sarah Jewish Foundation, Inc. for residents with limited financial resources.
- New York State Department of Health Government — Licenses the organization as an Enhanced Assisted Living Facility and regulates its operations.
strategies · 2
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Aging-in-Place Support to Prevent Institutionalizationmethodology: aging-in-place_supportBy providing financial support, the organization enables older residents to remain in familiar, less restrictive environments, because maintaining continuity in living settings improves well-being and reduces the personal and systemic costs of institutional care.
- Need-Based Financial Assessment for Scholarshipsmethodology: need-based_financial_assessmentBy conducting a five-year financial review, the organization identifies residents with limited financial resources and directs scholarship support to those most in need, because targeted aid ensures equitable access and sustainability of assistance.