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Chelsea Senior Living Names New Chief Financial Officer

Kathy Powers

FANWOOD, NJ – Chelsea Senior Living (“Chelsea”), a leader in senior housing and care, has named Kathy Powers as its new Chief Financial Officer (CFO).

In her role, she will be responsible for budling a sustainable and profitable long-term growth plan, allocating capital to maximize value creation, managing risk for the entire company, overseeing the utilization and effectiveness of applied systems, and forecasting the company’s finances for short-term and long-term success.

Prior to this role, she was the Chief Financial Officer for Matheny Medical and Educational Center. Before that, she was the Senior Account Manager for Baker Tilly. She has more than 30 years of experience in finance.

She currently serves as President of the New Jersey Society of Certified Public Accountants (NJCPA).

Kathy is a 2023 NJBiz Leaders in Finance award recipient, on the 2023 ROI Influencers Power List, and has been on the NJBiz Accounting Power 50 list for two straight years from 2021-22.

Additionally, she has been appointed to the Governor’s Independent Developmental Disability Fee for Service Transition Oversight Board, which she served from 2018-22, and appointed to the Governor’s Independent Mental Health & Addiction Fee for Service Transition Oversight Board, which she also served from 2018-22.

Deena Schaffer, Chelsea’s former CFO, is the new Vice President of Finance and Management Oversight.


For more than 30 years, Chelsea Senior Living has provided premium services and amenities for older adults in New York and New Jersey. Chelsea offers apartments for Assisted Living, Independent Living, and Memory Care with personalized lifestyle and health care services in 21 communities. Each beautiful all-in-one community is unique to its local environment. Chelsea also owns and operates Mt. Bethel Village, a residence for adults with special needs, and Inglemoor Rehabilitation and Care Center. To learn more, visit