Chelsea Jewish Lifecare

Legal name: Chelsea Jewish North Shore Assisted Living Inc

Overview

Mission

Chelsea Jewish Lifecare provides compassionate care in “real” home settings while envisioning a world in which high quality long-term care is accessible to all. With deep expertise in strategy, finance, operations and support systems management, Legacy Lifecare enables its not-for-profit affiliates to preserve their missions and identities while gaining access to sophisticated managerial services and collaborative opportunities ordinarily only available to larger organizations. The organization was founded in 2018 by Chelsea Jewish Lifecare and JGS Lifecare, two highly respected leaders in senior living. Together these mission-driven non-profits have over 200 years of combined experience in serving their communities. Both organizations operate award-winning skilled nursing facilities, traditional and memory care assisted living residences and indepe.

What it reported doing in 2024

Assisted living - operations of a 134-unit assisted living facility in peabody, ma. 40 units were specially designed and designated for care specializing in memory issues.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
043274643
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Headquarters
Peabody, MA, United States
Phone
978-532-4411
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities
Affiliation
Judaism

Official website

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 60
  • Accountability: 44
  • Sustainability: 66
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.5%; rating input score 64
  • Program expense ratio: 78.5%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 20%; rating input score 20; 6th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 17.6%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 2.15; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0.72; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 2.9%; rating input score 68; 68th percentile among comparable filings

Growth

  • Program expense growth: 0.3% per year; rating input score 100; 12th percentile among comparable filings
  • Revenue growth: 1.9% per year; rating input score 100; 17th percentile among comparable filings
  • Asset growth: 1.1% per year; rating input score 100; 14th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 3 operating locations identified
  • Where the money goes: 63.5% of revenue deployed · 78.5% of spending went to programs
  • Governance: 1 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7M in reported program spending
  • Leadership: top reported pay $926K · 11 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $551K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes executive pay
  • Filing history: 12 annual filings from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 15 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

11 people listed

Highest reported compensation

  • BARRY BERMAN (CEO EMERITUS/TREASURER): $925,530 total reported compensation
  • ADAM BERMAN (PRESIDENT & CEO): $777,533 total reported compensation
  • ELIZABETH MULLEN (COO & CLERK): $321,438 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.