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New York Foundation For Senior Citizens Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 132618568 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is New York Foundation For Senior Citizens Inc?

New York Foundation for Senior Citizens Inc is a dedicated nonprofit organization based in New York, focusing on improving the quality of life for the elderly. Established in 1968, the foundation has grown from humble beginnings into a leading agency with over 1,200 employees. They provide housing and social service programs for tens of thousands of elderly New Yorkers city-wide annually. One of their successful initiatives is the Enriched Housing Program, which offers apartment-based living for frail and handicapped seniors, complete with specialized services such as personal care assistance, shopping, meal preparation, and medical appointments help. The foundation's staff also organizes various social and recreational activities. With a mission to help seniors enjoy healthier, safer, more productive, and dignified lives in their own homes and communities, the organization has grown from two employees and no funds to over 800 units of housing and 35 professionally administered social service programs.


Official website here: www.nyfsc.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 81%, Three-Star out of Four Star rating.

The New York Foundation for Senior Citizens Inc has earned an overall score of 81%, reflecting a strong commitment to accountability and finance. This rating is significant as it is solely derived from the charity's performance in these areas, indicating effective financial practices. The organization boasts a fully independent board, with 30 members, and has implemented robust policies related to conflict of interest and whistleblower protections.

Strengths highlighted include an impressive program expense ratio of 88.39%, demonstrating that a substantial portion of resources is directed towards programs benefiting seniors. Additionally, the foundation's financial oversight mechanisms, such as having an Audit and Oversight Committee, contribute positively to its accountability metrics. However, the compensation of key personnel is noteworthy, with the President's salary at $755,318, which may raise questions about executive pay in relation to the organization's mission and programmatic impact.

Overall, while the New York Foundation for Senior Citizens Inc shows commendable financial health and governance practices, potential donors might want to consider the implications of high executive compensation alongside the organization's strong programmatic focus.


This AI summary has been generated from information found on Charity Navigator.

Is New York Foundation For Senior Citizens Inc legitimate?

New York Foundation For Senior Citizens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Foundation For Senior Citizens 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,119,084
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,921,669

For more financial information, click here


Official website here: www.nyfsc.org

What is the mission statement of New York Foundation For Senior Citizens Inc?

The New York Foundation for Senior Citizens is committed to enhancing the lives of the elderly population. Established in 1968, this non-profit organization aims to help seniors live healthier, safer, more productive, and dignified lives in their own homes and communities. With a dedication to preventing premature institutionalization, the foundation has expanded from humble beginnings to employ over 1,200 staff and provide over 800 housing units and 35 professionally-administered social service programs for tens of thousands of elderly New Yorkers each year. Innovative projects developed by the foundation serve as models for similar services worldwide. The foundation remains eager to undertake new initiatives that benefit the senior population.


Official website here: www.nyfsc.org

Who is the CEO of New York Foundation For Senior Citizens Inc?

Linda Hoffman is the Chairman of New York Foundation For Senior Citizens Inc.


Official website here: www.nyfsc.org

What is the revenue of New York Foundation For Senior Citizens Inc?

New York Foundation For Senior Citizens Inc's revenue in 2022 was $12,804,878.


Official website here: www.nyfsc.org

Who are the executives of New York Foundation For Senior Citizens Inc and what are their salaries?

The average compensation at New York Foundation For Senior Citizens Inc during 2022 was $37,854. There are 186 employees and 29 volunteers at New York Foundation For Senior Citizens Inc.


Here are 37 key members and their salaries:


William N Hubbard Iii (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Smith Bernstein Phd (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alma Rangel (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth F Tozer (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Lepow (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lesley Horton Campbell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine B Arace (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Calvina Bostick (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pearl Chang (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason F Cohen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Decker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William S Eakins Esq (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Finkelstein (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Gelalich (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Hamburg (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William N Hubbard Iv (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eileen Weiler Judell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meredith J Kane Esq (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janice Markin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcella Maxwell Phd (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Metz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bettina P Murray Phd (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William G Parrett Cpa (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dara P Richardson Md (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Salvatore M Salibello Cpa (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Evelyn F Salzberg (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Van Ness (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David J Wine (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James R Price (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda R Hoffman (President)
  • Compensation: $540,435
  • Related: $152,283
  • Other: $31,344
Rolando Blanco (Cfo/Asst. Treasurer)
  • Compensation: $232,753
  • Related: $52,846
  • Other: $25,497
Lisa Alli (Vice President)
  • Compensation: $48,762
  • Related: $199,477
  • Other: $25,497
Amanda Forsman (Director Of Programs)
  • Compensation: $182,324
  • Related: $18,353
  • Other: $11,026
Alexis Leven (Director Of Programs For Ltc)
  • Compensation: $216,889
  • Related: $0
  • Other: $27,682
Jaimeson Champion (Chief Of Staff)
  • Compensation: $135,955
  • Related: $20,586
  • Other: $8,955
Jessica Rodriguez (Asst. Controller)
  • Compensation: $94,672
  • Related: $24,846
  • Other: $26,603
Eduardo Singerman (Controller)
  • Compensation: $151,374
  • Related: $34,715
  • Other: $11,251


Official website here: www.nyfsc.org

Where can I find the form 990 for New York Foundation For Senior Citizens Inc?

New York Foundation For Senior Citizens Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nyfsc.org

Learn more at the official website: www.nyfsc.org

Mission Statement of New York Foundation For Senior Citizens Inc

New York Foundation for Senior Citizens Inc, a pioneering non-profit organization, is dedicated to enhancing the quality of life for the elderly population in New York. Established in 1968, the foundation has spent the last five decades helping seniors lead healthier, safer, more productive, and dignified lives in their own homes and communities. With a team of over 1,200 employees, the foundation has grown from modest beginnings into New York City's leading non-profit, non-sectarian agency for the elderly.

The New York Foundation for Senior Citizens Inc aims to help seniors avoid the need for premature institutionalization and provides over 800 units of housing and 35 professionally administered social service programs. These innovative projects serve as models for similar services for the elderly across the world. The foundation's mission is threefold: to help seniors live independently, to provide essential services that promote their well-being, and to create a community where they can thrive.

The foundation's team offers a comprehensive range of services tailored to the unique needs of seniors. These include social activities, transportation services, health and wellness programs, and support groups. The organization also provides critical resources to ensure seniors have access to nutritious meals, essential medical care, and financial assistance. By addressing the physical, emotional, and social needs of seniors, the New York Foundation for Senior Citizens Inc creates an environment where they can live with dignity and respect. The organization is always eager to develop and implement innovative programs to benefit the senior population and make a positive impact on their lives.

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Impact




October, 2024

New York Foundation For Senior Citizens Inc. plays a crucial role in enhancing the quality of life for the elderly in New York City. Through its Enriched Housing Program, it provides a supportive apartment-based lifestyle tailored for frail and handicapped seniors. Residents benefit from specialized services that address their unique needs, such as assistance with personal care, shopping, meal preparation, and support for medical appointments.

The foundation's commitment extends beyond basic services; it fosters a vibrant community atmosphere by organizing social and recreational activities, allowing seniors to engage and connect with others. With seven enriched housing buildings, the foundation successfully serves up to 304 residents, ensuring they lead healthier, safer, and more productive lives while maintaining dignity and independence in their own homes.

Established in 1968, it has grown significantly from a small operation to an influential agency with over 1,200 employees, providing more than 800 housing units and 35 expertly managed social service programs. This extensive outreach touches tens of thousands of elderly New Yorkers each year, setting a standard for similar initiatives globally. The foundation’s innovative approach continues to be a beacon of hope for seniors, offering them not only a place to live but a community of care and support.




This information is meant to be a general summary of New York Foundation For Senior Citizens 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.

Revenue
$12,804,878 (2022)
201120122013201420152016201720182019202020212022$0$3.5M$7M$10.5M$14M
Expenses
$12,709,022 (2022)
201120122013201420152016201720182019202020212022$0$3.5M$7M$10.5M$14M
Efficiency
2011201220132014201520162017201820192020202120220%15%30%58%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $33,810
  • Program Service Revenue: $5,755,396
  • Gross Receipts: $24,734,040

Assets and Liabilities:

  • Total Assets: $13,430,449
  • Total Liabilities: $2,080,936
  • Net Assets: $11,349,513

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICES

Revenue

$5,062,888

MANAGEMENT FEE

Revenue

$692,508

Organization Details

Founding Year

1968

Principal Officer

Linda Hoffman

Main Address

11 PARK PLACE 1416, NEW YORK, NY, 10007

NTEE Category

Code: P810 - Human services

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