Oxbow Senior Independence Program Inc
- Assets
- $977.8k
- Revenue
- $387.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Newbury, VT
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 03-0313835
Organization Overview
Oxbow Senior Independence Program Inc is located in Newbury, VT. The organization was established in 1992. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oxbow Senior Independence Program 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 12/2021, Oxbow Senior Independence Program Inc generated $387.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $438.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE OWN AND OPERATE THREE HOUSING PROJECTS FOR THE LOW INCOME ELDERLY AND DISABLED, TWO OF WHICH ARE FEDERALLY SUBSIDIZED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
15 UNIT LOW INCOME HOUSING PROJECT FOR THE ELDERLY KNOWN AS SPEAR HOUSE APARTMENTS.
14 UNIT LOW INCOME HOUSING PROJECT FOR THE ELDERLY KNOWN AS MONTEBELLO HILL APARTMENTS.
3 UNIT PROPERTY LOCATED IN WELLS RIVER, VT KNOWN AS SPEAR HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Robin Barone President | OfficerTrustee | 10 | $0 |
Michael Kolakowski Vice President | OfficerTrustee | 0.5 | $0 |
Priscilla Connolly Secretary | OfficerTrustee | 1 | $0 |
Susan Goodell Treasurer | OfficerTrustee | 1 | $0 |
Penelope Carrier Director | Trustee | 0.25 | $0 |
Michael Heffernan Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $88,003 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,003 |
| Total Program Service Revenue | $298,915 |
| Investment income | $830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $387,748 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $24,894 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,592 |
| Advertising and promotion | $597 |
| Office expenses | $5,660 |
| Information technology | $4,308 |
| Royalties | $0 |
| Occupancy | $81,199 |
| Travel | $384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,663 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,596 |
| Insurance | $13,028 |
| All other expenses | $0 |
| Total functional expenses | $437,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,224 |
| Savings and temporary cash investments | $140,156 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,615 |
| 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 | $13,751 |
| Net Land, buildings, and equipment | $771,098 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $977,844 |
| Accounts payable and accrued expenses | $59,403 |
| Grants payable | $0 |
| Deferred revenue | $6,084 |
| 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 | $1,228,520 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,457 |
| Total liabilities | $1,305,464 |
| Net assets without donor restrictions | -$327,620 |
| Net assets with donor restrictions | $0 |
| 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 | $977,844 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oxbow Senior Independence Program Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Element Care Inc Lynn, MA | $83,865,974 | $102,077,849 |
Mystic Valley Elder Services Inc Malden, MA | $29,895,171 | $79,691,071 |
Central Boston Elder Services Inc Boston, MA | $36,084,793 | $71,391,953 |
Springwell Inc Waltham, MA | $26,869,035 | $61,604,301 |
Jewish Association For Services For The Aged New York, NY | $34,581,080 | $57,474,811 |
Southwest Boston Senior Services Inc Jamaica Plain, MA | $18,738,837 | $50,976,438 |
Boston Senior Home Care Inc Boston, MA | $18,709,649 | $46,611,722 |
Riseboro Community Partnership Inc Brooklyn, NY | $38,504,143 | $46,795,171 |
Elder Services Of Cape Cod And The Islands Inc South Dennis, MA | $14,977,853 | $43,360,495 |
Serenity Care Inc Andover, MA | $11,753,267 | $39,517,689 |
Foundation For The Elderly Inwood, NY | $9,324,447 | $36,299,710 |
Bristol Elder Services Inc Fall River, MA | $23,803,109 | $36,848,253 |