Vinalhaven Eldercare Services- Resources
- Assets
- $869.8k
- Revenue
- $760.1k
- Investments
- $0.0
- Employees
- 27
- Location
- Vinalhaven, ME
- Founding
- 04/1998
- Data as of
- 06/2023
- EIN
- 04-3380438
Organization Overview
Vinalhaven Eldercare Services- Resources is located in Vinalhaven, ME. The organization was established in 1998. 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 06/2023, Vinalhaven Eldercare Services- Resources employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vinalhaven Eldercare Services- Resources 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 06/2023, Vinalhaven Eldercare Services- Resources generated $760.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $820.6k during the year ending 06/2023. While expenses have increased by 6.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VINALHAVEN ELDERCARE SERVICES' MISSION IS TO PROVIDE THE OPPORTUNITY FOR VINALHAVEN ELDERS TO AGE IN PLACE: IN THEIR HOMES, IN THE COMMUNITY, ON THE ISLAND, TO MAINTAIN ELDER'S CONNECTIONS TO ISLAND TRADITIONS, COMMUNITY AND FAMILY, TO PROMOTE DIGNITY, SAFETY, HEALTH, COMFORT AND A RESPECTABLE QUALITY OF LIFE AND TO BE A SUSTAINABLE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES THE IVAN CALDERWOOD HOMESTEAD, AN EIGHT-PERSON ASSISTED LIVING FACILITY. EIGHT ROOMS PROVIDE HOUSING TO ELDERS OF VINALHAVEN WHO ARE NO LONGER ABLE TO REMAIN IN THEIR HOMES. THE HOMESTEAD ALSO HOUSES A SENIOR CENTER PROVIDING ADULT CARE AND ACTIVITIES.
THE ORGANIZATION PROVIDES HOME CARE AND OTHER SUPPORT FOR ELDERLY ON THE ISLAND, INCLUDING MEALS ON WHEELS AND MEDICAL ALERT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Shane President | OfficerTrustee | 0.25 | $0 |
Anne Debow Vice-President | OfficerTrustee | 0.25 | $0 |
James Grumbach Secretary | OfficerTrustee | 0.25 | $0 |
Shelby Smith Treasurer | OfficerTrustee | 0.25 | $0 |
Jeff Aronson Director | Trustee | 0.25 | $0 |
Anne Barrett Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,486 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,423 |
| Noncash contributions included in lines 1a–1f | $8,486 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,909 |
| Total Program Service Revenue | $604,449 |
| Investment income | $1,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,435 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $760,079 |
| 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. | $91,782 |
| Compensation of current officers, directors, key employees. | $91,782 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,006 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,636 |
| Payroll taxes | $39,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,708 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $303 |
| Office expenses | $17,740 |
| Information technology | $2,458 |
| Royalties | $0 |
| Occupancy | $57,602 |
| Travel | $2,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,188 |
| Insurance | $21,430 |
| All other expenses | $0 |
| Total functional expenses | $820,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,992 |
| Savings and temporary cash investments | $401,321 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,720 |
| 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 | $12,877 |
| Net Land, buildings, and equipment | $268,187 |
| Investments—publicly traded securities | $28,549 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,121 |
| Total assets | $869,767 |
| Accounts payable and accrued expenses | $4,371 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $9,594 |
| Total liabilities | $13,965 |
| Net assets without donor restrictions | $0 |
| 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 | $855,802 |
| Total liabilities and net assets/fund balances | $869,767 |