Skip to the page content
Your donations
Passes our checks

Mount Sinai Eldercare Inc

EIN 86-1888783 · Miami Beach, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak33 out of 100GovernanceGood75 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO AID SENIORS IN REMAINING IN THE COMMUNITY THROUGH TEAM-BASED, QUALITY CARE AND SUPPORT THAT ADDRESSES THEIR INDIVIDUAL NEEDS AND PREFERENCES WITH PROFESSIONALISM AND COMPASSION.

Income
$6.2 million
Spending
$7.9 million
Spent on programs
64%
Reserves
-0.4 months of spending
Largest source of income
fees for its services, 99%
Employees
0
Volunteers
1
Highest pay
$2.5 million, president/ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 33 out of 100. Higher than 8% of charities in its peer group (health care, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    10 of 20

    It owes 32% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 27% of income.

  • Income trend

    15 of 15

    Income rose 1322% on the year before.

  • Spending floor

    8 of 15

    64% of spending went to programs.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 75 out of 100. Higher than 23% of charities in its peer group (health care, $1m to $10m).

  • Independent board

    5 of 25

    1 of 6 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $5.0 million spent. SEPTEMBER 1, 2024 MARKED MOUNT SINAI ELDERCARE, INC.'S FIRST YEAR AS AN OPERATIONAL PROGRAM FOR ALL-INCLUSIVE CARE FOR THE ELDERLY ORGANIZATION. MOUNT SINAI ELDERCARE'S ENROLLMENT AND CARE TEAMS WERE VERY BUSY IN OUR FIRST YEAR. BY DECEMBER, MOUNT SINAI ELDERCARE, INC. HAD ENROLLED 85 PARTICIPANTS AND HAD A TOTAL OF 14 DISENROLLMENTS. OF THE DISENROLLMENTS 5 WERE DUE TO DEATH OR 31%. AT YEAR END THE TOTAL CENSUS WAS 89.THE ENROLLMENT GOAL REMAINS FIVE NET POSITIVE ENROLLMENTS PER MONTH AND OUR ACTUAL ENROLLMENT PER MONTH WAS SEVEN MEMBERS FOR 2024. LOOKING A LITTLE DEEPER INTO THE ENROLLMENT NUMBERS, 22% WERE MEDICAID ONLY FUNDED WHILE 67% WERE DUAL OR MEDICARE AND MEDICAID FUNDED ENROLLEES. MOUNT SINAI ELDERCARE, INC. HAS MORE MEDICAID ONLY FUNDED ENROLLED MEMBERS THAN THE NATIONAL AVERAGE OF 19.1%. DUE TO ELECTRONIC ENROLLMENT REPORTING DELAYS BETWEEN THE MEDICARE AND STATE OF FLORIDA MEDICAID SYSTEM, MOUNT SINAI ELDERCARE, INC. HAD TO WRITE OFF $65,000 OF UNFUNDED MEDICAID CAPITATION PAYMENTS.DAILY DAYCARE CENTER ATTENDANCE GREW FROM NINE TO A HIGH OF THIRTY BY THE END OF THE YEAR. THE INCREASE IN DAYCARE CENTER ATTENDANCE ALSO GREATLY INCREASED THE NUMBER OF MEAL AND TRIPS MADE BY THE TRANSPORTATION TEAM. FOR EXAMPLE, IN JANUARY OUR DEDICATED DRIVERS PUT IN A TOTAL OF 310 HOURS TRANSPORTING OUR MEMBERS TO AND FROM THE ELDERCARE CENTER FOR VISITS WITH PRIMARY CARE PROVIDERS, TO COMPLETE PHYSICAL OR OCCUPATIONAL THERAPY SESSIONS, ATTEND THE DAY CARE CENTER AND/OR TRANSPORTATION TO AND FROM MEDICAL SPECIALISTS, HOSPITALS AND IMAGING APPOINTMENTS. BY THE END OF THE YEAR THESE HOURS INCREASED TO 575 FOR THE MONTH OF DECEMBER. THE TRANSPORTATION FLEET GREW FROM ONE TO THREE FULL TIME DRIVERS PLUS THE USE OF FIVE ON DEMAND DRIVERS.MOUNT SINAI ELDERCARE, INC. HAD A SUCCESSFUL 2024 ENDING THE YEAR AHEAD OF ENROLLMENT GOALS. AS WE LOOK TO 2025 THE ORGANIZATION PLANS TO INCREASE THE NUMBER OF OUTREACH LIAISON IN THE FIELD TO HELP FURTHER GROW ENROLLMENT AND ADD ADDITIONAL STAFF TO SUPPORT THE PROJECTED GROWTH.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.