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Fund For The Aged Inc

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

EIN: 133603516 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Fund For The Aged Inc?

Fund for the Aged Inc, located in New York City, is a nonprofit organization that fosters meaningful philanthropic partnerships with various donors, foundations, corporations, and agencies. Their primary mission is to empower older adults, enhancing their purpose and well-being through an array of innovative healthcare services. This encompasses palliative care, volunteer support, intergenerational youth programs, technology initiatives, dining assistance, and religious life programming. The organization's activities and mission are all geared towards improving the lives of older adults. With a team of nine dedicated individuals, Fund for the Aged Inc continues to make a significant impact in its community.


Official website here: www.jewishhome.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Star rating) from Charity Navigator.

Fund For The Aged Inc has achieved a commendable 96% rating from Charity Navigator, earning it a prestigious Four-Star designation. This rating indicates a strong performance in accountability and finance, reflecting the organization's commitment to transparency and effective management of resources. The overall score is based entirely on the Accountability & Finance beacon, highlighting the charity's focus on these critical areas.

The organization boasts an impressive governance structure, with 80% of its board members being independent, which enhances its decision-making integrity. Additionally, the charity demonstrates excellent fiscal health, with a low liabilities-to-assets ratio of 0.74%, and a robust program expense ratio of 81.27%, suggesting that a significant portion of its funds are directed toward its mission-related programs.

While the charity showcases exceptional accountability practices, such as a comprehensive conflict of interest policy and a whistleblower policy, no significant limitations or issues are noted in the available data. Overall, Fund For The Aged Inc stands out as a reliable and responsible choice for donors looking to support aging initiatives.


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

Is Fund For The Aged Inc legitimate?

Fund For The Aged Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fund For The Aged 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $767,371

For more financial information, click here


Official website here: www.jewishhome.org

What is the mission statement of Fund For The Aged Inc?

Fund for the Aged Inc's mission is centered around empowering older adults. This is achieved through the provision of innovative healthcare services. The organization's goal is to enhance the purpose and well-being of older adults. To fulfill this mission, they establish meaningful philanthropic partnerships with various donors, foundations, corporations, and agencies. These collaborations fund a diverse range of programs, including palliative care, volunteer support, intergenerational youth programs, technology initiatives, dining assistance, and religious life programming.


Official website here: www.jewishhome.org

Who is the CEO of Fund For The Aged Inc?

Jeffrey I Farber Md is the CEO of Fund For The Aged Inc The CEO's salary of Fund For The Aged Inc is $0 and their total compensation is $1,212,894.


Official website here: www.jewishhome.org

What is the revenue of Fund For The Aged Inc?

Fund For The Aged Inc's revenue in 2023 was $5,964,288.


Official website here: www.jewishhome.org

Who are the executives of Fund For The Aged Inc and what are their salaries?

The average compensation at Fund For The Aged Inc during 2023 was $85,263. There are 9 employees and 6 volunteers at Fund For The Aged Inc.

Here are 11 key members and their salaries (Fund For The Aged Inc's CEO's salary is $0 and their total compensation is $1,212,894):


Alan Altschuler (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Pagel Serebransky (Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey I Farber Md (President & Ceo)
  • Compensation: $0
  • Related: $1,151,356
  • Other: $61,538
Jonathan Hochberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Luskin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tami Schneider (Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Oberlander (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Weiss (Cfo)
  • Compensation: $0
  • Related: $574,754
  • Other: $22,692
Alyssa Herman (Chief Development Officer)
  • Compensation: $324,551
  • Related: $0
  • Other: $57,843
Tamar Major (Vp Of Development)
  • Compensation: $244,210
  • Related: $0
  • Other: $53,453
Tamara Thompson (Senior Director)
  • Compensation: $146,226
  • Related: $0
  • Other: $27,036


Official website here: www.jewishhome.org

Where can I find the form 990 for Fund For The Aged Inc?

Fund For The Aged Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.jewishhome.org

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

Mission Statement of Fund For The Aged Inc

Fund for the Aged Inc is committed to empowering older adults, promoting their purpose and well-being. They achieve this goal through an array of innovative healthcare services. The organization's mission is to enhance the lives of elderly individuals, providing them with a sense of fulfillment and improved health. This is accomplished through strategic philanthropic partnerships with various donors, foundations, corporations, and agencies. The donations collected by Fund for the Aged Inc fund a diverse range of programs, including palliative care, volunteer support, intergenerational youth programs, technology initiatives, dining assistance, and religious life programming. These initiatives are designed to improve the quality of life for older adults, ensuring they can live with dignity and joy.

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Impact




October, 2024

Fund For The Aged Inc significantly enhances the quality of life for older adults by providing a diverse range of innovative health care services. By fostering meaningful philanthropic partnerships with various donors, foundations, corporations, and agencies, it secures funding to support essential programs.

The organization offers vital services such as palliative care, which prioritizes comfort and quality of life for individuals with serious illnesses. It also encourages community involvement through volunteer support and intergenerational youth programs that bridge the gap between generations, fostering understanding and connection.

Additionally, technology initiatives are implemented to help older adults engage with digital tools, improving their access to information and services. Dining assistance ensures that nutritional needs are met, while religious life programming offers spiritual support, promoting holistic well-being. Through these multifaceted efforts, Fund For The Aged Inc empowers older adults to pursue fulfilling lives, enhancing their sense of purpose and well-being in the community.




This information is meant to be a general summary of Fund For The Aged 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
$5,964,288 (2023)
Expenses
$11,013,128 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $692,335
  • Gross Receipts: $82,909,772

Assets and Liabilities:

  • Total Assets: $97,079,912
  • Total Liabilities: $749,759
  • Net Assets: $96,330,153

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Organization Details

Founding Year

1991

Principal Officer

Jeffrey Farber Md

NTEE Category

Code: P120 - Human services

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