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FUND FOR THE AGED INC
NEW YORK, NY · EIN 133603516 · Form 990 · FY2024 · NTEE P120 · Human Services · Medium ($1M-$10M)
revenue
$7.3M
expenses
$7.8M
net assets
$94.9M
employees
10
volunteers
5
program ratio
78%
mission · from form 990

OUR MISSION IS TO EMPOWER OLDER ADULTS TO ENHANCE PURPOSE AND WELL-BEING THROUGH A PORTFOLIO OF INNOVATIVE HEALTH CARE SERVICES.

profile · synthesized from sources

FUND FOR THE AGED INC is a New York-based nonprofit focused on enhancing the well-being of older adults through innovative healthcare services. The organization operates with a mission to empower aging individuals to maintain purpose and quality of life. With annual revenue around $7 million, it functions within the human services sector, specifically targeting elderly populations.

named programs · 1 · from sources

What they call their work

Innovative Health Care Services
Portfolio of health care programs designed to support older adults in maintaining well-being and purpose; specific services not detailed in available records
activities · 1 group

What they do

  • Elder Care Financial Support 1 activity
    • Provides health care services to older adults
      Delivers innovative health care services aimed at enhancing the purpose and well-being of older adults.
financials · form 990 · fy2024
revenue
Total revenue$7.26M
Contributions & grants$4.25M59%
Program service revenue$00%
Investment income$3.33M46%
Other revenue$-320K
expenses
Total expenses$7.82M
Program expenses78%
Admin / overhead6%
Fundraising16%
Salaries & benefits$891K
Grants paid out$6.09M
Largest expense lineCompensation
balance sheet
Total assets$95.10M
Cash$3.91M
Investments$42.39M
Liabilities$195K
Net assets$94.91M
Liquid reserves71.1 mo
4 years on record · 2020–2024 · YoY revenue +21.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 5
NameTitleHours/wkCompensation
JEFFREY I FARBER MD PRESIDENT & CEO 1 $1.12M
MARK WEISS CFO 1 $569K
ALYSSA HERMAN CHIEF DEVELOPMENT OFFICER 35 $380K
TAMARA THOMPSON SENIOR DIRECTOR 35 $180K
TAMAR MAJOR VP OF DEVELOPMENT 35 $151K
board members · 5
  • ALAN ALTSCHULER — TREASURER
  • ARAN RON MD — VICE CHAIR
  • JONATHAN HOCHBERG — DIRECTOR
  • MICHAEL LUSKIN — DIRECTOR
  • WILLIAM BLUMSTEIN — CHAIR
strategies · 1

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.

  • Innovative Healthcare Services for Purpose and Well-being
    methodology: innovative_healthcare_services
    By delivering innovative healthcare services, the organization enhances purpose and well-being among older adults, because these services are designed to empower them as active participants in their health journey.