Yad Chessed Fund Inc
Nonprofit profile at a glance
- EIN
- 300588290
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Newton, MA, USA
- Phone
- 7814872693
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Emergency Assistance
- Affiliation
- Judaism
Reported finances
- Revenue
- $1,978,450
- Expenses
- $1,845,844
- Assets
- $2,337,083
- Liabilities
- $221,391
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- JANET GOLDENBERG (VICE PRESIDENT)
- LORI SILVER (PRESIDENT/CHAIR)
- KATHY COHEN (VICE PRESIDENT)
- NANCY KRIEGEL (EXECUTIVE DIRECTOR)
Highest reported compensation
- NANCY KRIEGEL (EXECUTIVE DIRECTOR): $162,345 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide emergency financial assistance and advice and guidance, with compassion and preserving dignity, to jewish individuals in the greater boston and other parts of Massachusetts who are experiencing financial distress and food insecurity.
What it reported doing in 2024
Yad chessed fund inc. Provides support to individuals in need by paying for necessities such as food, housing, utilities, and other essentials. Payments for such essentials are made on behalf of clients to third party payees. Yad chessed also sends supermarket gift cards directly to clients facing food insecurity. Yad chessed social workers assess each client's individual needs and offer guidance, advice and referrals to other agencies as appropriate. The fund supported 1,491 households consisting of 2,419 individuals during fiscal 2025.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 49% for direct work, and 51% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 75
- Accountability: 95
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.9%; rating input score 67
- Program expense ratio: 69.6%; rating input score 70
- Fundraising efficiency: $4.34 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.7%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 1.27; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 8.8%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: 6.2% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: 7% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 17.3% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 66.9% of revenue deployed · 69.6% of spending went to programs
- Governance: 18 of 18 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $162K · 19 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $104K reported
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 14/100.
- Review — Sustainability: Operating margin scored 54/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.