Overview
What is Foundation For The Elderly?
The Foundation For The Elderly is a licensed nonprofit organization based in Inwood, New York, with a workforce of 1,873 employees. Their primary mission is to provide home healthcare services and operate a residential adult care facility for the elderly population. Through these initiatives, they aim to help seniors maintain their independence by offering assistance with daily tasks such as bathing, laundry, and light housekeeping. This care enables elderly individuals to remain in their own homes, promoting their overall well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star rating
The Foundation For The Elderly holds a Three-Star rating from Charity Navigator, reflecting a commendable level of accountability and finance management. The charity's score is bolstered by strong governance indicators, such as having a fully independent board and a solid conflict of interest policy. Additionally, the organization effectively allocates a high percentage of its expenses directly to program services, which is a positive sign for its operational efficiency.
While the organization excels in areas like board independence and auditing of financial statements, it has a notably high liabilities-to-assets ratio at 97.59%, which raises concerns about its financial stability. This could impact its ability to respond to future challenges or invest further in its programs. Nevertheless, the absence of material diversions of assets is a strong point in its favor.
Overall, the Foundation For The Elderly demonstrates a commitment to transparency and responsible financial practices, making it a trustworthy option for potential donors looking to support elder care initiatives. However, its financial health warrants monitoring, particularly in terms of liability management.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For The Elderly legitimate?
Foundation For The Elderly is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For The Elderly 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: $184,716
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,734,195
For more financial information, click here
What is the mission statement of Foundation For The Elderly?
The Foundation For The Elderly is dedicated to providing essential services to the elderly population. It operates both a licensed home healthcare service and a residential adult care facility. The mission of the foundation is to help elderly individuals remain in their home environment by offering assistance with daily tasks and activities. These services include personal care, such as bathing and laundry, as well as light housekeeping. By providing these services, the foundation enables elderly patients to maintain their independence and improve their overall quality of life. The foundation's goal is to ensure that the elderly receive the care they need to live comfortably and safely in their own homes. It aims to make a positive difference in their lives by offering a supportive and caring environment.
Who is the CEO of Foundation For The Elderly?
Simcha Strohli is the President of Foundation For The Elderly.
What is the revenue of Foundation For The Elderly?
Foundation For The Elderly's revenue in 2022 was $38,184,077.
Who are the executives of Foundation For The Elderly and what are their salaries?
The average compensation at Foundation For The Elderly during 2022 was $14,906. There are 1873 employees at Foundation For The Elderly.
Here are 12 key members and their salaries:
- Compensation: $201,832
- Related: $0
- Other: $0
- Compensation: $184,716
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- Other: $0
- Compensation: $182,946
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- Other: $0
- Compensation: $154,051
- Related: $0
- Other: $0
- Compensation: $130,162
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Foundation For The Elderly?
Foundation For The Elderly's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation For The Elderly
The Foundation for the Elderly is a licensed organization dedicated to providing essential services to elderly individuals, enabling them to reside in their home environment with comfort and independence. With a mission to operate both a home healthcare service and a residential adult care facility, the Foundation prioritizes the needs of the elderly community.
Through its home healthcare services, the Foundation offers assistance to clients requiring help with daily living tasks. These tasks may include bathing, laundry, and light housekeeping. By providing such services, the Foundation empowers its clients to maintain their independence and remain in the familiar surroundings of their own homes. In essence, the Foundation for the Elderly bridges the gap between the need for care and the desire for self-sufficiency, allowing elderly individuals to age gracefully in the comfort of their own homes.
The residential adult care facility run by the Foundation serves as an essential resource for elderly individuals who require more comprehensive care. This facility offers a supportive environment where elderly residents can receive round-the-clock care and attention, ensuring their overall well-being. By providing both home healthcare services and residential care facilities, the Foundation for the Elderly caters to the diverse needs of the elderly population, allowing them to age with dignity and comfort.
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Impact
October, 2024
Foundation For The Elderly significantly enhances the quality of life for seniors in the community by providing essential home healthcare services and support through its residential adult care facility. By assisting clients with personal care tasks such as bathing, laundry, and light housekeeping, the organization empowers elderly individuals to maintain their independence and remain comfortable in their own homes for as long as possible. This compassionate approach not only addresses the physical needs of seniors but also fosters their emotional well-being, allowing them to live with dignity in a familiar environment. Located in Inwood, NY, Foundation For The Elderly plays a crucial role in promoting a healthier, more supportive living experience for aging populations, ultimately contributing to greater overall community health.
This information is meant to be a general summary of Foundation For The Elderly. 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: $6,087
- Program Service Revenue: $37,564,033
- Gross Receipts: $38,184,077
Assets and Liabilities:
- Total Assets: $10,974,165
- Total Liabilities: $10,710,716
- Net Assets: $263,449
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME HEALTH CARE
Revenue
$37,564,033
Organization Details
Founding Year
1992
Phone
(516) 239-8693Principal Officer
Simcha Strohli
Main Address
260 DOUGHTY BLVD, INWOOD, NY, 11096
NTEE Category
Code: P81Z - Human services
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