2025-11-04T14:40:15-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2024-01-01 134078893 KENNETH GLADSTONE BUILDING HOUSING DEVELOPMENT FUND COMPANY INC KENN 2128705000 120 WEST 106TH ST NEW YORK NY 10025 MARK WEISS CFO 2128705000 2025-11-03 1 1 LORI ROTHE YOKOBOSKY P01273422 2122970400 2025-10-29 2024 2025-03-06 01:10:19Z JEFFREY FARBER MD 120 WEST 106TH ST NEW YORK NY 10025 1004623 0 X WWW.JEWISHHOME.ORG X 1997 NY OUR MISSION IS TO EMPOWER OLDER ADULTS TO ENHANCE PURPOSE AND WELL-BEING THROUGH A PORTFOLIO OF INNOVATIVE HEALTH CARE SERVICES. 7 5 0 5 0 0 0 0 902898 961899 30326 42688 8 36 933232 1004623 0 0 0 0 0 0 0 0 0 1172053 1242830 1172053 1242830 -238821 -238207 7279103 7189884 7906280 8055268 -627177 -865384 OUR MISSION IS TO EMPOWER OLDER ADULTS TO ENHANCE PURPOSE AND WELL-BEING THROUGH A PORTFOLIO OF INNOVATIVE HEALTH CARE SERVICES. 0 0 1165667 961935 THE GLADSTONE BUILDING, AN AFFILIATE OF JEWISH HOME LIFECARE (D/B/A THE NEW JEWISH HOME), REFLECTS JEWISH HOME'S COMMITMENT TO PROVIDING AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES IN THE COMMUNITY. THIS IS JEWISH HOME'S SECOND HOUSING AND URBAN DEVELOPMENT (HUD) SECTION 202 RENT-SUBSIDIZED HOUSING FOR LOW-INCOME SENIORS. THE 49 ONE-BEDROOM APARTMENT BUILDING FEATURES COMMUNITY SPACES, LAUNDRY, PARKING AND LANDSCAPED GROUNDS. ALL APARTMENTS HAVE FULL KITCHENS AND ARE ADAPTABLE FOR USE BY DISABLED PERSONS. THE GLADSTONE BUILDING, LOCATED AT 2620 UNIVERSITY AVENUE, BRONX, NY, OPENED IN 2005. 1165667 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MARK WEISS 2128705000 120 WEST 106TH ST NEW YORK NY 10025 ALAN ALTSCHULER TREASURER 0.20 2.60 X X 0 0 0 ARAN RON MD VICE-CHAIR 0.20 2.60 X X 0 0 0 JEFFREY FARBER MD PRESIDENT AND CEO 0.20 44.80 X X 0 1048790 67610 LISA FEINER SECRETARY 0.20 2.60 X X 0 0 0 MARK WEISS CFO 0.20 44.80 X X 0 536009 32592 PETER HESS DIRECTOR 0.20 1.20 X 0 0 0 WILLIAM BLUMSTEIN CHAIR 0.20 2.60 X X 0 0 0 0 1584799 100202 0 0 1 0 0 APARTMENT RENTALS 532000 961899 961899 961899 42688 42688 36 36 36 1004623 961935 0 42688 268499 207603 60896 27017 27017 16267 16267 10840 10840 278067 278067 269987 269987 5752 5752 REPAIRS AND MAINTENANCE 321521 321521 RENT FREE UNIT 19452 19452 BAD DEBTS 10904 10904 TAXES 767 767 13757 13757 1242830 1165667 77163 0 42786 107637 1185 1240 24113 25554 154 127 10534795 4566848 6235083 5967947 975782 1087379 7279103 7189884 277586 427734 5888 3047 12506 14187 7610300 7610300 7906280 8055268 X -713511 -951718 86334 86334 -627177 -865384 7279103 7189884 -238207 0 X 0 1 X 1 1 1 X 921826 896395 967403 902898 961899 4650421 921826 896395 967403 902898 961899 4650421 0 0 0 4650421 5821 1790 8394 30326 42688 89019 5821 1790 8394 30326 42688 89019 11150 8 36 11194 927647 909335 975797 933232 1004623 4750634 0.97890 0.98570 0.01870 0.01190 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2023 AMOUNT: $ 8. 2024 AMOUNT: $ 36. BAD DEBT RECOVERY - 2021 AMOUNT: $ 11,150. 0 1 X 40000 40000 10377752 4525100 5852652 59022 41748 17274 58021 58021 5967947 RESERVE FOR REPLACEMENTS 822641 OTHER RESERVES 93270 RESIDUAL RECEIPTS RESERVE 87600 ESCROW DEPOSITS 67795 TENANT SECURITY DEPOSITS 16073 1087379 X 1004623 0 1004623 0 1004623 1242830 0 1242830 0 1242830 PART IV, LINE 2B: GLADSTONE BUILDING IS REQUIRED TO PLACE TENANT SECURITY DEPOSITS INTO AN INTEREST-BEARING ACCOUNT. ALL TENANT SECURITY DEPOSITS ARE CONSIDERED THE PROPERTY OF THE TENANT AND MAY NOT BE COMMINGLED WITH PERSONAL MONIES OR BECOME AN ASSET OF GLADSTONE BUILDING. UPON CESSATION OF EACH TENANT'S STAY AT GLADSTONE BUILDING, THE SECURITY DEPOSIT IS RETURNED TO THE TENANT OR A FAMILY MEMBER. PART X, LINE 2: THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN. 0 1 0 0 0 0 0 0 0 JEFFREY FARBER MD PRESIDENT AND CEO 0 987548 0 60000 0 1242 0 13800 0 53810 0 1116400 0 0 MARK WEISS CFO 0 533728 0 0 0 2281 0 13800 0 18792 0 568601 0 0 PART I, LINE 3 THE PRESIDENT AND CEO'S COMPENSATION IS DETERMINED BY RELATED ORGANIZATION, JHL CORPORATE SERVICES, INC. PART I, LINE 4B THE PRESIDENT AND CEO PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN WITH A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF DIRECTORS OF KENNETH GLADSTONE BUILDING HDFC HAS OUTSOURCED THE MANAGEMENT OF THE PROPERTY TO A PROPERTY MANAGEMENT COMPANY WHICH IS RESPONSIBLE FOR THE COLLECTION OF RENTS, PAYMENT OF BILLS, MAKING PERIODIC INSPECTIONS OF THE BUILDING, MAKING ANY NECESSARY REPAIRS TO THE BUILDING, PREPARING MONTHLY FINANCIAL STATEMENTS AND SUBMITTING THEM TO THE OWNER. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS JEWISH HOME LIFECARE, HARRY AND JEANETTE WEINBERG CAMPUS, BRONX, A NEW YORK NOT-FOR-PROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A JEWISH HOME LIFECARE D/B/A THE NEW JEWISH HOME MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE COMPLETED RETURN IS REVIEWED BY MANAGEMENT. ANY COMMENTS ARISING FROM THE REVIEW ARE DISCUSSED AND IF REQUIRED, CHANGES ARE MADE. THE DRAFT IS SUBMITTED TO THE AUDIT AND COMPLIANCE CHAIR OF THE NEW JEWISH HOME AND SUBSIDIARIES FOR ITS REVIEW AND APPROVAL. ONCE THE AUDIT AND COMPLIANCE CHAIR COMPLETES HIS REVIEW, A COPY OF THE DRAFT RETURN WAS PROVIDED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY AND ARE ASKED TO REVIEW THE POLICY AND TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY HAVE OCCURRED SINCE THE LAST DISCLOSURE. THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD REVIEWS THE DISCLOSURES AS SUMMARIZED BY THE COMPLIANCE DEPARTMENT. ALL IDENTIFIED CONFLICTS OF INTEREST ARE DISCUSSED AND EITHER APPROVED OR REJECTED BY THE BOARD. IF THE BOARD OF DIRECTORS OR THE GOVERNANCE COMMITTEE DETERMINES THAT A CONFLICT OF INTEREST EXISTS, THE DIRECTOR WITH THE CONFLICT MAY NOT TAKE PART IN THE DECISION PROCESS TO WHICH THE CONFLICT RELATES. SUCH DISCLOSURE AND THE FACT THAT THE DIRECTOR DID NOT VOTE OR PARTICIPATE IN THE DELIBERATIONS IS RECORDED IN THE RELEVANT MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. 156 WEST 106TH STREET 120 WEST 106TH ST NEW YORK NY 10025 270308650 HEALTH SERVICES NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE 0 FUND FOR THE AGED 120 WEST 106TH ST NEW YORK NY 10025 133603516 FUNDRAISING NY 501(C)(3) LINE 7 JEWISH HOME LIFECARE 0 GERIATRIC CAREER DEVELOPMENT PROGRAM INC 120 WEST 106TH ST NEW YORK NY 10025 462452619 HEALTH SERVICES NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE 0 HARRY & JEANETTE WEINBERG GARDENS HDFC 120 WEST 106TH ST NEW YORK NY 10025 204981328 AFFORDABLE HOUSING NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE HARRY & JEANETTE WEINBERG BRONX 0 HARRY & JEANETTE WEINBERG RIVERDALE HDFC 120 WEST 106TH ST NEW YORK NY 10025 133865179 AFFORDABLE HOUSING NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE HARRY & JEANETTE WEINBERG BRONX 0 JEWISH HOME LIFECARE 120 WEST 106TH ST NEW YORK NY 10025 133267073 HEALTH SERVICES NY 501(C)(3) LINE 10 N/A 0 JEWISH HOME LIFECARE COMMUNITY SERVICES 120 WEST 106TH ST NEW YORK NY 10025 270158524 HOME HEALTH AGENCY NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE 0 JEWISH HOME LIFECARE HARRY & JEANETTE WEINBERG BRONX 120 WEST 106TH ST NEW YORK NY 10025 237071900 HEALTH SERVICES NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE 0 JEWISH HOME LIFECARE MANHATTAN 120 WEST 106TH ST NEW YORK NY 10025 131624033 HEALTH SERVICES NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE 0 JEWISH HOME LIFECARE SARAH NEUMAN CENTER 120 WEST 106TH ST NEW YORK NY 10025 133620568 HEALTH SERVICES NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE HARRY & JEANETTE WEINBERG BRONX 0 JEWISH HOME LIFECARE UNIVERSITY AVE ASSISTED LIVING 120 WEST 106TH ST NEW YORK NY 10025 273960910 ASSISTED LIVING NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE 0 JHL CORPORATE SERVICES 120 WEST 106TH ST NEW YORK NY 10025 263385174 HEALTH SERVICES NY 501(C)(3) LINE 12A, I JEWISH HOME LIFECARE 0 KITTAY HOUSE 120 WEST 106TH ST NEW YORK NY 10025 132619576 AFFORDABLE HOUSING NY 501(C)(3) LINE 10 JEWISH HOME LIFECARE 0 W K DIAGNOSTIC & TREATMENT CENTER 120 WEST 106TH ST NEW YORK NY 10025 133527664 HEALTH SERVICES NY 501(C)(3) PF JEWISH HOME LIFECARE 0 102 WEST 107TH STREET CORPORATION 120 WEST 106TH STREET NEW YORK NY 10025 132760057 PARKING GARAGE NY N/A C 0 2614 KINGSBRIDGE CORP 120 WEST 106TH STREET NEW YORK NY 10025 132749776 PARKING GARAGE NY N/A C 0 GC DEVELOPMENT HOLDINGS 120 WEST 106TH STREET NEW YORK NY 10025 883338772 PERSONAL CARE WORKER NY N/A C 0 JEWISH HOME LIFECARE MANAGEMENT LLC 120 WEST 106TH STREET NEW YORK NY 10025 320359277 PERSONAL CARE WORKER NY N/A C 0 JEWISH HOME LIFECARE TRANSPORTATION 120 WEST 106TH STREET NEW YORK NY 10025 134188218 PARKING GARAGE NY N/A C 0 JEWISH HOME LIFECARE HOME ASSISTANCE 120 WEST 106TH STREET NEW YORK NY 10025 133267068 PERSONAL CARE WORKER NY N/A C 0 JEWISH HOME LIFECARE SPECTRUM SERVICES 120 WEST 106TH STREET NEW YORK NY 10025 453563804 PERSONAL CARE WORKER NY N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0