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Yad Chessed Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 300588290 ✦ Waltham, MA ✦ Designated as a 501(c)(3)

Overview

What is Yad Chessed Fund Inc?

Yad Chessed Fund Inc is a compassionate nonprofit organization based in Waltham, Massachusetts. Its primary mission is to offer emergency financial assistance to Jewish individuals in Greater Boston and various parts of Massachusetts who are grappling with financial hardship and food insecurity. The fund provides essentials such as food, housing, utilities, and other necessities by making direct payments to third-party payees or distributing supermarket gift cards. Yad Chessed's dedicated social workers assess each client's unique needs, offering guidance, advice, and referring them to appropriate agencies as necessary. During fiscal 2022, the fund supported 1,136 households, benefiting a total of 1,927 individuals. With a staff of 8, Yad Chessed upholds its commitment to preserving dignity while offering assistance to those in need.


Official website here: www.yadchessed.org

Is Yad Chessed Fund Inc legitimate?

Yad Chessed Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yad Chessed Fund Inc 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.

Here are some key statistics you may want to consider:

Executive Compensation: $162,217
Professional Fundraising Fees: $0
Other Salaries and Wages: $362,852

For more financial information, click here


Official website here: www.yadchessed.org

What is the mission statement of Yad Chessed Fund Inc?

The mission of Yad Chessed Fund Inc is centered around providing emergency financial assistance and guidance with compassion and dignity to individuals experiencing financial distress and food insecurity. This organization operates in various parts of Massachusetts, including Greater Boston. Their primary goal is to alleviate the financial burdens of these individuals by covering essential expenses such as food, housing, utilities, and other necessities. Payments are made on behalf of clients to third-party payees, and in some cases, supermarket gift cards are directly sent to clients facing food insecurity. Yad Chessed's social workers assess each client's individual needs and offer guidance, advice, and referrals to other agencies as necessary. During fiscal 2022, the fund supported 1,136 households comprising 1,927 individuals.


Official website here: www.yadchessed.org

Who is the CEO of Yad Chessed Fund Inc?

Neal Karasic is the President of Yad Chessed Fund Inc.


Official website here: www.yadchessed.org

What is the revenue of Yad Chessed Fund Inc?

Yad Chessed Fund Inc's revenue in 2022 was $2,079,229.


Official website here: www.yadchessed.org

Who are the executives of Yad Chessed Fund Inc and what are their salaries?

The average compensation at Yad Chessed Fund Inc during 2022 was $65,634. There are 8 employees and 83 volunteers at Yad Chessed Fund Inc.

Here are 17 key members and their salaries:

    Nancy Kriegel (Executive Director)
  • Compensation: $125,652
  • Related: $0
  • Other: $24,758

    • Cheryl Niessenbaum Sanders (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Farbman (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edward Musmon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jacklyn Liberman (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janet Goldenberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lori Silver (Executive Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Neal Karasic (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Cohen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shani Winton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rebecca Kotkin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Black (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Friedman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Housman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sandy Remz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Ross (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Skolnik (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.yadchessed.org

    Where can I find the form 990 for Yad Chessed Fund Inc?

    The Yad Chessed Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.yadchessed.org

    Learn more at the official website: www.yadchessed.org

    Mission Statement of Yad Chessed Fund Inc

    Yad Chessed Fund Inc, a nonprofit organization, is dedicated to providing emergency financial assistance and offering compassionate guidance to Jewish individuals facing financial distress and food insecurity in Greater Boston and other parts of Massachusetts. Their mission is to alleviate the financial burdens of these individuals by covering essential expenses such as food, housing, utilities, and other necessities. Payments for these expenses are made directly to third-party payees on behalf of the clients. Furthermore, Yad Chessed Fund Inc also provides supermarket gift cards to those struggling with food insecurity.

    The organization's social workers conduct individual assessments for each client, evaluating their unique needs. Based on these assessments, they offer guidance, advice, and referrals to other appropriate agencies to ensure comprehensive support. In fiscal year 2022, Yad Chessed Fund Inc helped 1,136 households, aiding a total of 1,927 individuals. This underscores their commitment to making a tangible impact on the lives of those in need. Through their assistance, these families and individuals are able to navigate through challenging financial circumstances with dignity and hope.

    Impact

    This information is meant to be a general summary of Yad Chessed Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Yad Chessed Fund Inc's impact can be seen in the tangible support and guidance it provides to Jewish individuals in Greater Boston and other parts of Massachusetts experiencing financial distress and food insecurity. By offering emergency financial assistance for necessities like food, housing, and utilities, as well as distributing supermarket gift cards directly to those facing food insecurity, Yad Chessed Fund ensures that individuals are able to meet their basic needs. Additionally, the organization's social workers assess each client's needs, offer guidance, advice, and referrals to other agencies as necessary, ultimately upholding their dignity and providing compassionate support during challenging times. In fiscal year 2022, Yad Chessed Fund supported 1,136 households, encompassing 1,927 individuals, showcasing the significant impact it has in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $223
  • Program Service Revenue: $0
  • Gross Receipts: $2,079,229

    • Assets and Liabilities:
  • Total Assets: $1,792,394
  • Total Liabilities: $88,939
  • Net Assets: $1,703,455
  • Organization Details

    Founding Year

    2008

    Principal Officer

    Neal Karasic

    Main Address

    440 TOTTEN POND ROAD, WALTHAM, MA, 02451

    NTEE Category

    Code: P60 - Human services

    If you are a representative of Yad Chessed Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.