Elderly Services Inc
- Assets
- $6.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 53
- Location
- Middlebury, VT
- Founding
- 09/1993
- Data as of
- 06/2022
- EIN
- 03-0280968
Organization Overview
Elderly Services Inc is located in Middlebury, VT. The organization was established in 1993. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Elderly Services Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elderly Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Elderly Services Inc generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DAY CARE AND ADVOCACY FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY CARE AND ADVOCACY FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Corbett Executive Director | Officer | 40 | $125,984 |
Sonja Olson Vice President | OfficerTrustee | 1 | $0 |
Kathy Starr Treasurer | OfficerTrustee | 1 | $0 |
Peggy Keith Secretary | OfficerTrustee | 1 | $0 |
Betsy Etchells President | OfficerTrustee | 1 | $0 |
Mary Sullivan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,225,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $308,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,533,199 |
| Total Program Service Revenue | $688,304 |
| Investment income | $42,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,300 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,278,743 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,620 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,041,097 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $77,392 |
| Payroll taxes | $89,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,890 |
| Office expenses | $6,782 |
| Information technology | $12,675 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,867 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,769 |
| Insurance | $32,705 |
| All other expenses | $200,697 |
| Total functional expenses | $1,938,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,204,618 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $133,853 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,840 |
| Net Land, buildings, and equipment | $2,856,932 |
| Investments—publicly traded securities | $1,689,309 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,919,552 |
| Accounts payable and accrued expenses | $132,840 |
| Grants payable | $0 |
| Deferred revenue | $50,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $182,840 |
| Net assets without donor restrictions | $6,411,712 |
| Net assets with donor restrictions | $325,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,919,552 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Elderly Services Inc has recieved totaling $75,097.
| Awarding Organization | Amount |
|---|---|
Amy E Tarrant Foundation Inc Ocala, FL PURPOSE: GENERAL SUPPORT | $75,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $97 |
Endowment Analysis
| Beg. Balance | $1,181,938 |
| Net Contributions | -$856,938 |
| Ending Balance | $325,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aging Services Of North Central Massachusetts Inc Leominster, MA | $14,624,606 | $19,675,001 |
Elder Services Of Berkshire County Inc Pittsfield, MA | $9,516,425 | $19,015,967 |
Health And Social Services Consortium Inc Sharon, MA | $5,836,726 | $15,789,545 |
Regional Aid For Interim Needs Inc Bronx, NY | $8,633,241 | $14,474,585 |
Lifespan Of Greater Rochester Inc Rochester, NY | $9,941,084 | $14,510,334 |
New York Foundation For Senior Citizens Inc New York, NY | $13,582,730 | $12,552,678 |
Greater Boston Chinese Golden Age Center Inc Boston, MA | $9,742,938 | $12,906,257 |
Dorot Inc New York, NY | $35,059,991 | $15,081,294 |
United Presbyterian & Reformed Adult Ministries Inc Flushing, NY | $13,773,181 | $9,913,948 |
Bergen Basin Commmunity Development Corporation Brooklyn, NY | $2,562,211 | $8,388,294 |
Age Well Inc Colchester, VT | $4,778,126 | $7,728,758 |
Community Agency For Senior Citizens Inc Staten Island, NY | $3,047,533 | $6,260,081 |