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Sephardic Home For The Aged Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Nursing, Convalescent Facilities (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.61M (2023)

Expenses
$6.24M (2023)

Total Assets
$67.6M (2023)

Total Liabilities
$263k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,607,289
Expenses
$6,239,341
Net Income
-$4,632,052
Net Assets
$67,338,940
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,207
0.4%
Interest Revenue $0
Dividends $1,549,820
96.4%
Sales of Assets $51,262
3.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,849,419
93.8%
Compensation of Officers* $360,385
5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $67,601,683
Total Liabilities $262,743
Net Assets $67,338,940
Compensation
Key Employees and Officers Compensation Other
Joshua Hoffman (Executive Director) $359,047 $44,705
Janice Stolar (Dir Grants) $200,286 $53,534
Elisabeth Stevens (Grants Coord.) $110,912 $27,670
Michael Lopez (Chair) $0 $0
Joe Halio (President) $0 $0
Neil Crespi (Treasurer) $0 $0
James Khani (Secretary) $0 $0
Laurie Kahmi (Director) $0 $0
James Caspi (Director) $0 $0
Alan Matarasso (Director) $0 $0
Clifton Russo (Director) $0 $0
Louis Rousso (Director) $0 $0
Henry Perahia (Director) $0 $0
Ira Rousso (Director) $0 $0
Robert Cohen (Director) $0 $0
Raymond Cohen (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$65,434
Expenses
$5,899,098
Net Income
-$5,833,664
Net Assets
$64,060,298
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $11,414
17.4%
Interest Revenue $0
Dividends $1,460,947
> 100%
Sales of Assets -$1,406,927
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,377,374
91.2%
Compensation of Officers* $340,288
5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $64,414,372
Total Liabilities $354,074
Net Assets $64,060,298
Compensation
Key Employees and Officers Compensation Other
Joshua Hoffman (Executive Dir.) $331,380 $41,432
Janice Stolar (Dir Grants) $183,786 $48,437
Elisabeth Stevens (Grants Coord.) $99,893 $25,833
Michael Lopez (Chair) $0 $0
Joe Halio (President) $0 $0
Neil Crespi (Treasurer) $0 $0
James Khani (Secretary) $0 $0
Laurie Kahmi (Director) $0 $0
James Caspi (Director) $0 $0
Alan Matarasso (Director) $0 $0
Clifton Russo (Director) $0 $0
Louis Rousso (Director) $0 $0
Henry Perahia (Director) $0 $0
Ira Rousso (Director) $0 $0
Robert Cohen (Director) $0 $0
Raymond Cohen (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,891,819
Expenses
$5,562,907
Net Income
$1,328,912
Net Assets
$80,726,316
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $29,085
0.4%
Interest Revenue $0
Dividends $2,611,658
37.9%
Sales of Assets $4,245,620
61.6%
Other Income $5,456
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,418,099
97.4%
Compensation of Officers* $311,250
5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $80,900,595
Total Liabilities $174,279
Net Assets $80,726,316
Compensation
Key Employees and Officers Compensation Other
Joshua Hoffman (Executive Dir.) $303,880 $40,709
Janice Stolar (Dir Grants) $167,286 $46,504
Elisabeth Stevens (Grants Coord.) $84,466 $24,160
Louis Rousso (Chairman) $0 $0
Michael Lopez (President) $0 $0
Neil Crespi (Treasurer) $0 $0
Joe Halio (Secretary) $0 $0
Laurie Kahmi (Director) $0 $0
James Khani (Director) $0 $0
Alan Matarasso (Director) $0 $0
Clifton Russo (Director) $0 $0
James Caspi (Director) $0 $0
Henry Perahia (Director) $0 $0
Ira Rousso (Director) $0 $0
Robert Cohen (Director) $0 $0
Raymond Cohen (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,941,879
Expenses
$4,007,652
Net Income
-$65,773
Net Assets
$77,533,499
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $221,383
5.6%
Interest Revenue $0
Dividends $1,385,450
35.1%
Sales of Assets $2,253,009
57.2%
Other Income $82,037
2.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,512,298
> 100%
Compensation of Officers* $247,775
6.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $77,815,708
Total Liabilities $282,209
Net Assets $77,533,499
Compensation
Key Employees and Officers Compensation Other
Joshua Hoffman (Executive Dir.) $247,775 $30,027
Janice Stolar (Dir Grants) $138,955 $41,981
Elisabeth Stevens (Grants Coord.) $69,211 $21,223
Louis Rousso (Chairman) $0 $0
Michael Lopez (President) $0 $0
Neil Crespi (Treasurer) $0 $0
Joe Halio (Secretary) $0 $0
Laurie Kahmi (Director) $0 $0
James Khani (Director) $0 $0
Alan Matarasso (Director) $0 $0
Clifton Russo (Director) $0 $0
James Caspi (Director) $0 $0
Henry Perahia (Director) $0 $0
Ira Rousso (Director) $0 $0
Robert Cohen (Director) $0 $0
Raymond Cohen (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,303,672
Expenses
$3,950,705
Net Income
$352,967
Net Assets
$74,186,747
Notable Sources of Revenue Percent of Total Revenue
Contributions $489,877
11.4%
Program Services $0
Investment Income $2,110,843
49.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,198,270
27.8%
Net Inventory Sales $0
Other Revenue $504,682
11.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $238,812
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $204,269
5.2%
Assets/Debt
Total Assets $75,460,951
Total Liabilities $1,274,204
Net Assets $74,186,747

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,236,340
Expenses
$3,132,203
Net Income
$2,104,137
Net Assets
$65,728,668
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,261
0.5%
Program Services $0
Investment Income $3,575,208
68.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,131,443
21.6%
Net Inventory Sales $0
Other Revenue $505,428
9.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $213,206
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $68,346,938
Total Liabilities $2,618,270
Net Assets $65,728,668

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,067,010
Expenses
$4,163,581
Net Income
-$1,096,571
Net Assets
$71,653,805
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,062
0.1%
Program Services $0
Investment Income $1,872,627
61.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $686,639
22.4%
Net Inventory Sales $0
Other Revenue $504,682
16.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $204,645
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $73,716,740
Total Liabilities $2,062,935
Net Assets $71,653,805

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,303,442
Expenses
$770,000
Net Income
$3,533,442
Net Assets
$68,071,749
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,885
0.3%
Program Services $0
Investment Income $2,000,331
46.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,278,863
29.7%
Net Inventory Sales $0
Other Revenue $1,009,363
23.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $170,693
22.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $68,204,722
Total Liabilities $132,973
Net Assets $68,071,749

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,858,533
Expenses
$869,644
Net Income
$25,988,889
Net Assets
$64,538,307
Notable Sources of Revenue Percent of Total Revenue
Contributions $43,396
0.2%
Program Services $0
Investment Income $2,159,759
8.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $24,641,971
91.7%
Net Inventory Sales $0
Other Revenue $13,407
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $136,066
15.6%
Professional Fundraising Fees $0
Other Salaries and Wages $10,187
1.2%
Assets/Debt
Total Assets $64,610,117
Total Liabilities $71,810
Net Assets $64,538,307

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,384,396
Expenses
$39,560,981
Net Income
-$1,176,585
Net Assets
$41,109,998
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,426,874
14.1%
Program Services $32,584,384
84.9%
Investment Income $300,463
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,420
0.0%
Net Inventory Sales $0
Other Revenue $65,255
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,362,151
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $16,974,696
42.9%
Assets/Debt
Total Assets $49,813,069
Total Liabilities $8,703,071
Net Assets $41,109,998
Compensation
Key Employees and Officers Compensation Related Other
Arthur New (Executive Director) $328,943 $0 $61,775
Norman Cohen (Senior Vice President) $222,872 $0 $56,136
Jay Mostel (Vice President Of Finance) $216,701 $0 $63,608
Gertrudes De Guzman (Director Of Nursing) $148,936 $0 $35,448
Kenny Chen (Nurse Practitioner) $147,200 $0 $32,520
Neil Schlissel (Director Of Finance) $143,156 $0 $35,049
Linda Hunter (Vp Of Human Resources) $142,665 $0 $28,086
Arlene Kakoulas (Asst. Director Of Finance) $134,996 $0 $22,906
Laurie Kamhi (Chairman Of The Board) $0 $0 $0
Louis Rousso (President) $0 $0 $0
Raymond Cohen (Second Vice President) $0 $0 $0
Neil Crespi (Treasurer) $0 $0 $0
Joe Halio (Secretary) $0 $0 $0
Michael Lopez (Board Member) $0 $0 $0
James Caspi (Board Member) $0 $0 $0
Alan Matarasso (Board Member) $0 $0 $0
Albert Maleh (Board Member) $0 $0 $0
Clifton Russo (Board Member) $0 $0 $0
Edward Alcosser (Board Member) $0 $0 $0
Henry Perahia (Board Member) $0 $0 $0
Ira Rousso (Board Member) $0 $0 $0
James Khani (Board Member) $0 $0 $0
Joel Weidman (Board Member) $0 $0 $0
Marc Tenzer (Board Member) $0 $0 $0
Reginald Matsil (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,552,114
Expenses
$36,784,588
Net Income
-$1,232,474
Net Assets
$42,483,223
Notable Sources of Revenue Percent of Total Revenue
Contributions $37,811
0.1%
Program Services $35,216,388
99.1%
Investment Income $148,037
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $149,878
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $924,329
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $15,606,195
42.4%
Assets/Debt
Total Assets $48,726,665
Total Liabilities $6,243,442
Net Assets $42,483,223
Compensation
Key Employees and Officers Compensation Related Other
Arthur New (Executive Director) $321,561 $0 $58,572
Norman Cohen (Senior Vice President) $218,650 $0 $55,208
Jay Mostel (Vice President Of Finance) $211,500 $0 $63,429
Kenny Chen (Nurse Practitioner) $149,423 $0 $19,938
Gertrudes De Guzman (Director Of Nursing) $145,800 $0 $33,068
Linda Hunter (Vp Of Human Resources) $141,051 $0 $26,520
Neil Schlissel (Director Of Finance) $140,072 $0 $32,352
Arlene Kakoulas (Asst. Director Of Finance) $132,244 $0 $22,512
Laurie Kamhi (Chairman Of The Board) $0 $0 $0
Louis Rousso (President) $0 $0 $0
Raymond Cohen (Second Vice President) $0 $0 $0
Neil Crespi (Treasurer) $0 $0 $0
Michael Lopez (Board Member) $0 $0 $0
James Caspi (Board Member) $0 $0 $0
Alan Matarasso (Board Member) $0 $0 $0
Albert Maleh (Board Member) $0 $0 $0
Clifton Russo (Board Member) $0 $0 $0
Edward Alcosser (Board Member) $0 $0 $0
Henry Perahia (Board Member) $0 $0 $0
Ira Rousso (Board Member) $0 $0 $0
James Khani (Board Member) $0 $0 $0
Joel Weidman (Board Member) $0 $0 $0
Marc Tenzer (Board Member) $0 $0 $0
Reginald Matsil (Board Member) $0 $0 $0
Robert Cohen (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,914,991
Expenses
$36,274,716
Net Income
-$359,725
Net Assets
$43,715,697
Notable Sources of Revenue Percent of Total Revenue
Contributions $488,635
1.4%
Program Services $35,138,144
97.8%
Investment Income $201,205
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,299
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $80,708
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $938,880
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $15,374,235
42.4%
Assets/Debt
Total Assets $50,078,476
Total Liabilities $6,362,779
Net Assets $43,715,697

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,345,742
Expenses
$35,591,124
Net Income
$754,618
Net Assets
$44,075,422
Notable Sources of Revenue Percent of Total Revenue
Contributions $74,386
0.2%
Program Services $35,958,898
98.9%
Investment Income $303,619
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,839
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $919,257
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $16,000,862
45.0%
Assets/Debt
Total Assets $50,403,649
Total Liabilities $6,328,227
Net Assets $44,075,422

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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