Overview
What is Jewish Home For Aged Foundation Inc?
Jewish Home for Aged Foundation Inc, located in Worcester, Massachusetts, serves as a supporting entity for the Jewish Healthcare Center, Inc. The primary role of the Foundation is to grant funds to this center, aiming to boost and enhance their existing programs. The Foundation's mission is to contribute to the center's initiatives, ultimately benefiting the community it serves. The Jewish Healthcare Center, Inc. likely offers various healthcare services, but the specifics of its programs are not provided in the given information. The Foundation's contributions help supplement these services, ensuring the center can cater to the community's needs more effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 73%
The Jewish Home For Aged Foundation Inc has received a two-star rating from Charity Navigator, which indicates areas needing improvement. While it achieved a high score in accountability and finance, its overall rating reflects concerns regarding governance policies. The organization has a strong board structure and a low liabilities to assets ratio, showcasing financial stability and responsible management.
Strengths include a completely independent board and a commendable program expense ratio of 88.14%, indicating that a significant portion of its funds is directed towards its charitable programs. Additionally, the foundation demonstrates transparency by documenting board meeting minutes and maintaining no material diversion of assets. However, the absence of critical governance policies, such as a conflict of interest policy, whistleblower policy, and document retention policies, has adversely affected its score.
These limitations highlight the need for improvement in governance practices to enhance accountability and trust among stakeholders. Although the foundation shows strong financial health, addressing these governance gaps is crucial for building confidence and securing better future ratings.
This AI summary has been generated from information found on Charity Navigator.
Is Jewish Home For Aged Foundation Inc legitimate?
Jewish Home For Aged Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jewish Home For Aged Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Jewish Home For Aged Foundation Inc?
The Jewish Home for Aged Foundation Inc. is an organization that focuses on grant-making. Its mission is to support the Jewish Healthcare Center Inc., by providing funds to enhance their existing programs. This financial assistance aims to enhance the quality and scope of services offered by the Jewish Healthcare Center, ultimately benefiting those who utilize their services. The Foundation's purpose is aligned with the goal of improving healthcare for the community it serves.
Who is the CEO of Jewish Home For Aged Foundation Inc?
Jay Aframe is the President of Jewish Home For Aged Foundation Inc.
What is the revenue of Jewish Home For Aged Foundation Inc?
Jewish Home For Aged Foundation Inc's revenue in 2022 was $168,190.
Who are the executives of Jewish Home For Aged Foundation Inc and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Jewish Home For Aged Foundation Inc?
Jewish Home For Aged Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jewish Home For Aged Foundation Inc
Jewish Home for Aged Foundation Inc, as stated in its mission, is dedicated to providing financial aid to the Jewish Healthcare Center Inc. This support is aimed at enhancing and expanding the existing programs at the Jewish Healthcare Center. The primary objective of the Foundation is to contribute to the Center's efforts in providing comprehensive healthcare services to the community, ensuring that the Center can continue to offer high-quality care to those in need. By making grants to the Jewish Healthcare Center, the Foundation plays a crucial role in supplementing and strengthening the Center's programs, thereby enhancing its capacity to serve the community effectively.
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Impact
October, 2024
Jewish Home For Aged Foundation Inc plays a crucial role in enhancing healthcare services within the Jewish community in Worcester, MA. By making grants to the Jewish Healthcare Center, Inc., the foundation supports vital programs that improve the quality of care and well-being for elderly residents. This financial backing allows the center to expand and enrich its offerings, ensuring that seniors receive comprehensive and compassionate care that meets their unique needs. The foundation's impact is felt not only through the direct benefits to the elderly but also by fostering a sense of community and support within the healthcare framework, ultimately enhancing the lives of those it serves.
This information is meant to be a general summary of Jewish Home For Aged Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $65,917
- Gross Receipts: $2,771,529
Assets and Liabilities:
- Total Assets: $14,939,023
- Total Liabilities: $15,863
- Net Assets: $14,923,160
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Organization Details
Founding Year
1986
Phone
(508) 798-8653Principal Officer
Jay Aframe
Main Address
629 SALISBURY STREET, WORCESTER, MA, 016091120
NTEE Category
Code: P75I - Human services
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