2018-11-13T11:47:56-06:00 2017-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2017-01-01 133603516 FUND FOR THE AGED INC FUND 2128705000 120 WEST 106TH ST NEW YORK NY 10025 JEFFREY FARBER MD PRESIDENT/CEO 2128705000 2018-11-13 1 THOMAS LANNING P00851654 2122970400 2018-11-13 209.3.217.20 2018-11-13 08:53:01 ES P BDC1D328B1542266B99CA0306E6119044BD8DE95 A999648B7C0F94429496C189B46642AFC33E1A30 2017 2019-02-21 02:37:17Z JEFFREY FARBER MD 120 WEST 106TH ST NEW YORK NY 10025 154673225 0 X WWW.JEWISHHOME.ORG X 1991 NY FUND FOR THE AGED, INC WAS ESTABLISHED TO ENABLE EXCELLENCE IN THE PROVISION OF CARE FOR THE ELDERLY IT IS THE FUNDRAISING ENTITY FOR JEWISH HOME LIFECARE (D B A THE NEW JEWISH HOME) 8 7 16 6 0 0 3932053 3789680 0 0 3510934 5490486 -76596 -147333 7366391 9132833 4880698 10637232 0 0 1584512 1635156 37139 90004 3465804 1172932 2628791 7675281 14991183 -308890 -5858350 133286152 131631013 1755164 1328164 131530988 130302849 X FUND FOR THE AGED, INC (D/B/A JEWISH HOME AND HOSPITAL FOUNDATION) (THE "FOUNDATION") WAS ESTABLISHED TO ENABLE EXCELLENCE IN THE PROVISION OF CARE FOR THE ELDERLY. IT IS THE FUNDRAISING ENTITY FOR JEWISH HOME LIFECARE. IN ADDITION TO ATTRACTING FUNDS FOR A MYRIAD OF CAPITAL PROJECTS, JEWISH HOME LIFECARE RELIES ON THE GENEROSITY OF ITS SUPPORTERS FOR IMPORTANT ENRICHMENT PROGRAMS FOR ELDERS AS WELL AS TO SUPPORT RESEARCH, EMPLOYEE RECOGNITION, MENTORING FOR CAREGIVERS AND EDUCATIONAL PROGRAMS. THE FOUNDATION ALSO FUNDS THE DEVELOPMENT EFFORTS OF JEWISH HOME LIFECARE. THE FOUNDATION IS FUNDED PRIMARILY BY CONTRIBUTIONS FROM THE GENERAL PUBLIC, FOUNDATIONS, AND GOVERNMENT GRANTS. 0 0 10637232 10637232 THE FOUNDATION CREATES MEANINGFUL PHILANTHROPIC PARTNERSHIPS WITH INDIVIDUAL DONORS, FOUNDATIONS, CORPORATIONS, AND AGENCIES. DONATIONS FUND A WIDE ARRAY OF PROGRAMS INCLUDING BUT NOT LIMITED TO PALLIATIVE CARE, VOLUNTEER SUPPORT, INTERGENERATIONAL YOUTH PROGRAMS, TECHNOLOGY INITIATIVES, DINNING ASSISTANCE, AND RELIGIOUS LIFE PROGRAMMING. 10637232 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 30 0 1 16 1 0 0 0 0 0 1 1 0 0 0 0 X 8 7 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 NY X JEFFREY FRABER 2128705000 120 WEST 106TH ST NEW YORK NY 10025 ALAN ALTSCHULER TREASURER 0.20 X X 0 0 0 AUDREY S WEINER PRESIDENT/CEO 0.20 38.00 X X 0 1574164 66010 DAVID A JONES CHAIR 0.20 X X 0 0 0 ELIZABETH GRAYER DIRECTOR 0.20 3.20 X 0 0 0 FRED M LOWENFELS DIRECTOR 0.20 X 0 0 0 GENE D RESNICK MD VICE PRESDIENT 0.20 X X 0 0 0 MICHAEL LUSKIN DIRECTOR 0.20 3.40 X 0 0 0 STANLEY H PANTOWICH SECRETARY 0.20 X X 0 0 0 ELLIOT J HAGLER CFO 0.20 38.00 X 0 361496 47437 CHERISSE CLEARY DIRECTOR OF SPECIAL EVENTS 35.00 X 114071 0 6460 ELENA QUEVEDO SENIOR VP ADVANCEMENT 35.00 X 224030 0 7710 KAY BOONSHOFT DIRECTOR, GOV'T LIASON 35.00 X 149332 0 23888 MONICA CADY DIRECTOR OF DEVELOPMENT 35.00 X 116873 0 20131 604306 1935660 171636 4 0 1 0 OPTIMITY ADVISORS LLC 350 EAST DEVON AVE ITASCA IL 60143 CONSULTING SERVICES 275964 MANATT PHELPS & PHILLIPS LLP 11355 W OLYMPIC BLVD LOS ANGELES CA 90064 CONSULTING SERVICES 243164 2 1096714 2692966 3789680 2646269 2646269 148173076 145328859 2844217 2844217 2844217 64200 1096714 211533 -147333 -147333 9132833 0 0 5343153 10637232 10637232 1351171 1351171 82635 82635 81919 81919 119431 119431 511571 511571 7338 7338 90004 90004 396571 396571 203772 203772 42556 42556 85304 85304 124574 124574 15519 15519 5690 5690 4990 4990 BAD DEBTS 680545 680545 HOME OFFICE TRANSFERS 491576 491576 CATERING & ENTERTAINMEN 29401 29401 FOOD 26041 26041 3343 3343 14991183 10637232 888147 3465804 1924244 1454004 3839277 2530000 6556484 4548489 43594 27889 12490 7722 15399 92533507 86352997 28055101 36365006 369817 321524 133286152 131631013 215089 356774 1540075 971390 1755164 1328164 X 80476556 80883665 45537218 43887747 5517214 5531437 131530988 130302849 133286152 131631013 -5858350 4630211 0 X X 0 1 X 1 0 X 10694719 7357370 8227333 3932053 3789680 34001155 10694719 7357370 8227333 3932053 3789680 34001155 4120240 29880915 961936 1343725 874398 1083905 2646269 6910233 111999 107250 102750 64200 386199 41297587 0.72360 0.79650 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2014 AMOUNT: $ 111,999. 2015 AMOUNT: $ 107,250. 2016 AMOUNT: $ 102,750. 2017 AMOUNT: $ 64,200. 7899094 14223 1364261 437521 8840057 7822829 3600 160189 -87524 7899094 8227073 11111 -222451 192793 7822829 6835456 30256 1497678 136317 8227073 5973960 211753 721987 72244 6835456 0.62570 0.37430 0 0 27889 12490 15399 15399 LIMITED LIABILITY COMPANY 10067330 F CORPORATE AND FOREIGN BONDS 2562485 F LIMITED PARTNERSHIP 23735191 F 36365006 DUE TO AFFILIATES 752515 ANNUITY OBLIGATIONS 159372 PENSION PAYABLE 59503 971390 X 13366473 4630211 4630211 8736262 396571 396571 9132833 14594612 0 14594612 396571 396571 14991183 PART X, LINE 2: THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDED DECEMBER 31, 2014 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, THE FOUNDATION WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF GENERAL AND ADMINISTRATIVE EXPENSES IN THE CONSOLIDATED STATEMENT OF ACTIVITIES AND INCLUDE ACCRUED INTEREST AND PENALTIES IN ACCRUED EXPENSES IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 25281762 0 0 0 0 0 0 25281762 0 25281762 0 0 0 0 0 0 X X X X X X 1 EVENT ASSOCIATES INC 162 WEST 56TH STREET SUITE 405 NEW YORK NY 10019 GALA PLANNER 0 0 90004 -90004 90004 -90004 NY GALA 1160914 1096714 64200 5 23550 187978 1160914 1096714 64200 5 23550 187978 211533 -147333 1 JEWISH HOME LIFECARE COMMUNITY SERVICES 120 WEST 106TH ST NEW YORK NY 10025 270158524 501(C)(3) 26451 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATIONS MISSION JEWISH HOME LIFECARE HOME ASSISTANCE PERSONNEL INC 120 WEST 106TH ST NEW YORK NY 10025 133267068 63484 GENERAL SUPPORT JEWISH HOME LIFECARE MANHATTAN 120 WEST 106TH ST NEW YORK NY 10025 131624033 501(C)(3) 8964174 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATIONS MISSION JEWISH HOME LIFECARE SARAH NEUMAN CENTER 120 WEST 106TH ST NEW YORK NY 10025 133620568 501(C)(3) 256194 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATIONS MISSION JEWISH HOME LIFECARE SPECTRUM SERVICES INC AND SUBSIDIARIES 120 WEST 106TH ST NEW YORK NY 10025 453563804 5114 GENERAL SUPPORT KITTAY HOUSE 120 WEST 106TH ST NEW YORK NY 10025 132619576 501(C)(3) 256194 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATIONS MISSION 4 2 PART I, LINE 2: FUND FOR THE AGED INC. PROVIDES RESOURCES TO THE CONSTITUENT SYSTEM ENTITIES AND OTHER ORGANIZATIONS THAT PROVIDE MULTIFACETED GERIATRIC SERVICES IN THE NEW YORK METROPOLITAN AREA. THE SERVICES PROVIDED BY THESE CONSTITUENT ENTITIES ARE SET FORTH IN AN ANNUAL REPORT THAT PROVIDES AN INTEGRATED OVERVIEW, AS WELL AS A DETAILED REPORT ON THE SPECIFIC SERVICES AND ACHIEVEMENTS OF EACH SUCH ENTITY. THE ORGANIZATION MONITORS THE GRANTS THROUGH SET BUDGETS FOR THE DEPARTMENTS IN THE RELATED ORGANIZATIONS AND REVIEW THE EXPENSES AGAINST THE BUDGET ON A MONTHLY BASIS. 0 1 0 0 0 0 0 1 0 AUDREY S WEINER PRESIDENT/CEO 0 1367556 0 199750 0 6858 0 47125 0 18885 0 1640174 0 0 ELLIOT J HAGLER CFO 0 346410 0 12764 0 2322 0 25445 0 21992 0 408933 0 0 ELENA QUEVEDO SENIOR VP ADVANCEMENT 218637 0 4500 0 893 0 0 0 7710 0 231740 0 0 0 KAY BOONSHOFT DIRECTOR, GOV'T LIASON 140171 0 7181 0 1980 0 8366 0 15522 0 173220 0 0 0 PART I, LINE 7 THE BONUSES ARE BASED UPON EMPLOYEES ACHIEVING GOALS SET AT THE BEGINNING OF THE YEAR. THE BONUS IS RECOMMENDED TO THE COMPENSATION COMMITTEE CHAIRED BY THE CHAIR OF THE BOARD OF DIRECTORS OF THE NEW JEWISH HOME. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGNAIZATION IS JEWISH HOME LIFECARE, A NEW YORK NOT-FOR-PROFIT. FORM 990, PART VI, SECTION A, LINE 7A JEWISH HOME LIFECARE MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE COMPLETED RETURN IS REVIEWED BY MANAGEMENT. ANY COMMENTS ARISING FROM THE REVIEW ARE DISCUSSED AND IF REQUIRED, CHANGES ARE MADE. THE DRAFT IS SUBMITTED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE NEW JEWISH HOME AND SUBSIDIARIES FOR ITS REVIEW AND APPROVAL. ONCE THE AUDIT AND COMPLIANCE COMMITTEE COMPLETE ITS REVIEW, A COPY OF THE DRAFT RETURN WAS PROVIDED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD MEMBERS, OFFICER, AND KEY EMPLOYEES ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY AND ARE ASKED TO REVIEW THE POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST THAT MADE HAVE OCCURRED SINCE THE LAST DISCLOSURE. THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD REVIEWS THE DISCLOSURES AS SUMMARIZED BY THE COMPLIANCE DEPARTMENT. ALL IDENTIFIED CONFLICTS OF INTEREST ARE DISCUSSED AND EITHER APPROVED OR REJECTED BY THE BOARD. IF THE BOARD OF DIRECTORS OR THE GOVERNANCE COMMITTEE DETERMINES THAT A CONFLICT OF INTEREST EXISTS, THE DIRECTOR WITH THE CONFLICT MAY NOT TAKE PART IN THE DISCUSSION PROCESS TO WHICH THE CONFLICT RELATES. SUCH DISCLOSURE AND THE FACT THAT THE DIRECTOR DID NOT VOTE OR PARTICIPATE IN THE DELIBERATIONS IS RECORDED IN THE RELEVANT MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL DOCUMENTS AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: THE AUDIT AND COMPLIANCE COMMITTEE OF THE ORGANIZATION HAS THE OVERSIGHT RESPONSIBILITY FOR THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AS PART OF THE FINANCIAL STATEMENT AUDIT PROCESS, THE AUDIT AND COMPLIANCE COMMITTEE IS RESPONSIBLE TO 1 SELECT THE INDEPENDENT AUDIT FIRM 2 REVIEW AND APPROVE AUDIT SCOPE AND FEES 3 OVERSEE THE FINANCIAL REPORTING PROCESS 4 ENSURE OPEN COMMUNICATIONS BETWEEN MANAGEMENT, AUDIT FIRM, AND THE AUDIT AND COMPLIANCE COMMITTEE 5 REVIEW OF INDEPENDENT AUDIT FIRM'S ANNUAL PERFORMANCE 6 MEET IN EXECUTIVE SESSION (ABSENT MANAGEMENT) WITH THE AUDIT FIRM TO DISCUSS ANY POTENTIAL CONCERNS WITH MANAGEMENT'S PERFORMANCE. FUND FOR THE AGED HOLDING LLC 120 WEST 106TH ST NEW YORK NY 10025 OWNS PROPERTY OF TWO DELAWARE LLC'S NY 0 0 FUND FOR THE AGED 156 WEST 106TH STREET 120 WEST 106TH ST NEW YORK NY 10025 270308650 HEALTH SERVICES NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE 1 GERIATRIC CAREER DEVELOPMENT PROGRAM INC 120 WEST 106TH ST NEW YORK NY 10025 462452619 HEALTH SERVICES NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE 1 HARRY & JEANETTE WEINBERG GARDENS HDFC 120 WEST 106TH ST NEW YORK NY 10025 204981328 AFFORDABLE HOUSING NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE HARRY & JEANETTE WEINBERG BRONX 1 HARRY & JEANETTE WEINBERG RIVERDALE HDFC 120 WEST 106TH ST NEW YORK NY 10025 133865179 AFFORDABLE HOUSING NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE HARRY & JEANETTE WEINBERG BRONX 1 JEWISH HOME LIFECARE 120 WEST 106TH ST NEW YORK NY 10025 133267073 HEALTH SERVICES NY 501(C)(3) LINE 10 N/A 1 JEWISH HOME LIFECARE COMMUNITY SERVICES 120 WEST 106TH ST NEW YORK NY 10025 270158524 HOME HEALTH AGENCY NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE 1 JEWISH HOME LIFECARE HARRY & JEANETTE WEINBERG BRONX 120 WEST 106TH ST NEW YORK NY 10025 237071900 HEALTH SERVICES NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE 1 JEWISH HOME LIFECARE MANHATTAN 120 WEST 106TH ST NEW YORK NY 10025 131624033 HEALTH SERVICES NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE 1 JEWISH HOME LIFECARE SARAH NEUMAN CENTER 120 WEST 106TH ST NEW YORK NY 10025 133620568 HEALTH SERVICES NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE HARRY & JEANETTE WEINBERG BRONX 1 JEWISH HOME LIFECARE UNIVERSITY AVE ASSISTED LIVING 120 WEST 106TH ST NEW YORK NY 10025 273960910 ASSISTED LIVING NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE 1 KENNETH GLADSTONE BUILDING HDFC 120 WEST 106TH ST NEW YORK NY 10025 134078893 AFFORDABLE HOUSING NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE HARRY & JEANETTE WEINBERG BRONX 1 KITTAY HOUSE 120 WEST 106TH ST NEW YORK NY 10025 132619576 AFFORDABLE HOUSING NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE 1 W K DIAGNOSTIC & TREATMENT CENTER 120 WEST 106TH ST NEW YORK NY 10025 133527664 HEALTH SERVICES NY 501(C)(3) PF JEWISH HOME LIFECARE 1 JEWISH HOME LIFECARE HOME ASSISTANCE PERSONNELL INC 120 WEST 106TH STREET NEW YORK NY 10025 133267068 PERSONAL CARE WORKER NY N/A C 0 JEWISH HOME LIFECARE SPECTRUM SERVICES 120 WEST 106TH STREET NEW YORK NY 10025 453563804 PERSONAL CARE WORKER NY N/A C 0 2614 KINGSBRIDGE CORP 120 WEST 106TH STREET NEW YORK NY 10025 132749776 PARKING GARAGE NY N/A C 0 102 WEST 107TH STREET CORPORATION 120 WEST 106TH STREET NEW YORK NY 10025 132760057 PARKING GARAGE NY N/A C 0 JEWISH HOME LIFECARE MANAGEMENT LLC 120 WEST 106TH STREET NEW YORK NY 10025 320359277 PERSONAL CARE WORKER NY N/A C 0 JHHA MEDICAL GROUP PC 120 WEST 106TH STREET NEW YORK NY 10025 133364558 HEALTH SERVICES NY N/A C 0 0 1 0 1 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0