Synagogue Name: Congregation Shearith Israel Date: July 16, 2014 Address


Part III: Synagogue Finances and Housing Remuneration



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Part III: Synagogue Finances and Housing Remuneration
We ask you to indicate either a specific figure(s) or a specific range. The “Proposed Salary” section should read, for example, “the salary range is $120,000 to $150,000” or “the minimum salary base is $150,000 or the maximum salary is $200,000.” We ask you not to write “negotiable” with no numbers attached.

 


  1. Proposed salary (does not include the value of benefits):  Please See Below Comments


Comments: $ 90,000 - $ 110,000 plus use of the Parsonage House

$ 115,000 - $ 135,000 without use of the Parsonage House





  1. Standard benefits for the rabbi in addition to salary (not included in “A” above):

We are pleased to structure a benefits package based on the rabbi’s individual needs that is valued up to $25,000. Components of this package could include:


Pension contribution: Contributions to the Joint Retirement Board for Conservative Judaism, to provide a pension program for the rabbi.
Major Medical Insurance – Hospitalization: A monthly stipend to go towards Major Medical Insurance. The rabbi would be responsible for arranging and paying his/her own health insurance policy.
Convention Allowance/Continuing Education: Annual allotment of money for attending convention and continuing education opportunities. These funds could be used for registration and travel expenses.
Income – Disability Insurance: Payment of the premium, within reasonable limits, for disability insurance through the Group Disability Insurance Policy sponsored by the Rabbinical Assembly, or a similar plan.
Professional Dues: Funds for professional dues and publications.
Vacation: 2 – 4 weeks paid vacation.
Maternity/Paternity Leave: Yes
Is FICA (Federal Insurance Contributions Tax) covered or reimbursed (not applicable outside the U.S.)?
No
Other benefits (e.g. Vacation apartment in Jerusalem, Canada Health Act plus provincial programs, etc.):
No other benefits are included

Describe the benefits arrangements:
As stated above, we seek to work with the rabbi to structure a package that meets his/her individual needs. If certain benefits are available to him/her through other sources, then we can allocate funds more heavily in other areas.
Total value of benefits for the rabbi: $ 25,000

Housing (in addition to proposed salary)


  1. Is housing provided by the congregation?



Yes, a parsonage is available for the Rabbi’s use.
If yes, what is the distance from the synagogue? 0 miles: the parsonage is adjacent to the main shul property.
Describe the parsonage:
Our parsonage is a 3 bedroom, 2 ½ bath home located on the synagogue’s campus in the Morningside district within walking distance to shops and restaurants. The home features hardwood floors, a marble foyer that leads to a large living room with a fireplace and built-in shelves and a dining room. Also on the main floor is a good-sized, updated eat-in kitchen, a master suite with a whirlpool tub and 2 other bedrooms with a Jack and Jill bathroom. The powder room, mudroom with washer/dryer and an enclosed sunroom with skylights complete the first floor. The home includes a partially finished lower level with a den, bedroom, and full bathroom. Located on about a quarter of an acre, the home boasts a spacious front yard and a fenced-in back yard.
Address of the parsonage: 1205 Spring Valley Lane, Atlanta, GA 30306
What is the estimated value of the parsonage? $ 400,000 +/-



  1. Where housing not provided by the Congregation, please describe :




  1. The Minimum cost of housing: $1,000/month rental; $90,000 purchase.


Please list:


Type of Housing

Cost

Distance from Synagogue

Rental apartments

Beginning at $1,000/month for a one bedroom apt.

0.5 – 1.0 miles

Condominium apartments

$90,000 - $160,000

0.7 – 1.0 miles

Town homes

$150,000 - $319,000

0.5 – 1.0 miles

Single family detached homes

$350,000 - $1,700,000

0 – 1.0 miles




  1. Websites to check on housing in your community:


http://www.realtor.com/realestateagency/Atlanta-Board-Of-Realtors_Atlanta_GA__458894117?source=web
http://www.zacsellsatlanta.com/ Zac Pasmanick is a member of CSI
http://www.pasmanick.com/ Robert and Vicky Pasmanick are members of CSI
http://www.atlantacommunities.net/ (Greg Williamson lives on University Drive)
http://www.harrynorman.com/Home.aspx (Ken Altshuler lives on University Drive)



  1. Have previous rabbis felt the need to drive on Shabbat?

No
4. Are you willing to help the Rabbi purchase a residence?    



No
If yes, please explain how:



Total Compensation:
Estimate the total value of compensation (salary + benefits + housing) = $ 140,000 - $ 160,000
Budget:
What is the size of the congregational budget? $ 916,000
What percentage of your budget is devoted to

    1. Operations/infrastructure: 34%

    2. Staff: 56%

    3. Programming: 8% (Education budget is mainly staff included above.)

    4. Other (please elaborate): 2% (Internal loan repayment plus miscellaneous expenses.)


Does the congregation currently have a deficit? Fiscal year 2012 ended with a surplus intended to fund a re-roofing project scheduled in 2013. With the transfer forward from 2012, revenues and expenditures were in balance in Fiscal Year 2013. Fiscal Year 2014 is on track to end in balance.

If so, how is it met?
N.A.

Part IV: Additional Info
If you are looking for an interim rabbi, please indicate why:
N/A

What special needs do you have at this time?

If you are looking for a second rabbi, please indicate what special responsibilities they may have:
N/A


Questions or concerns?
Contact Rabbi Elliot Salo Schoenberg at eschoenberg@rabbinicalassembly.org, 212-280-6000

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