Vinalhaven Eldercare Services- Resources
- Assets
- $932.0k
- Revenue
- $746.6k
- Investments
- $0.0
- Employees
- 19
- Location
- Vinalhaven, ME
- Founding
- 04/1998
- Data as of
- 06/2022
- 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 06/2022, Vinalhaven Eldercare Services- Resources employed 19 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 06/2022, Vinalhaven Eldercare Services- Resources generated $746.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $723.4k during the year ending 06/2022. While expenses have increased by 5.4% per year over the past 7 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
2022
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 |
|---|---|---|---|
Kristi Butler Adminstrator/ceo | Officer | 36 | $52,803 |
Linda Lynch Past Adminstrator/ceo | Officer | 36 | $44,421 |
John Cochran President | Trustee | 0.5 | $0 |
James Grumbach Secretary | Trustee | 0.5 | $0 |
Shelby Smith Treasurer | Trustee | 0.5 | $0 |
Patrick Shane Vice-President | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,605 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,252 |
| Noncash contributions included in lines 1a–1f | $3,165 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,857 |
| Total Program Service Revenue | $581,643 |
| Investment income | $1,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,161 |
| Net Income from Fundraising Events | $17,527 |
| Net Income from Gaming Activities | $602 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $746,629 |
| 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. | $44,421 |
| Compensation of current officers, directors, key employees. | $44,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $378,758 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,081 |
| Payroll taxes | $34,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $150 |
| Office expenses | $17,785 |
| Information technology | $3,248 |
| Royalties | $0 |
| Occupancy | $65,453 |
| Travel | $2,970 |
| 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 | $42,766 |
| Insurance | $18,326 |
| All other expenses | $0 |
| Total functional expenses | $723,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,676 |
| Savings and temporary cash investments | $498,312 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,292 |
| 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 | $4,374 |
| Net Land, buildings, and equipment | $296,332 |
| Investments—publicly traded securities | $28,748 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,235 |
| Total assets | $931,969 |
| Accounts payable and accrued expenses | $2,673 |
| Grants payable | $0 |
| Deferred revenue | $3,253 |
| 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 | $11,607 |
| Total liabilities | $17,533 |
| 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 | $914,436 |
| Total liabilities and net assets/fund balances | $931,969 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Vinalhaven Eldercare Services- Resources has recieved totaling $8,536.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Senior Centers | $7,500 |
The Samuel P Pardoe Foundation Boston, MA PURPOSE: PROGRAM SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Endowment Analysis
| Beg. Balance | $282,724 |
| Ending Balance | $282,724 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seniorsplus Lewiston, ME | $8,910,794 | $28,228,378 |
Central Maine Area Agency On Aging Augusta, ME | $6,966,372 | $11,551,874 |
Southern Maine Agency On Aging Biddeford, ME | $6,670,044 | $5,037,771 |
Crotched Mountain Community Care Inc Manchester, NH | $2,007,103 | $5,948,084 |
St Joseph Community Services Inc Merrimack, NH | $2,880,424 | $4,320,456 |
Aroostook Area Agency On Aging Inc Presque Isle, ME | $1,409,840 | $4,133,550 |
Eastern Agency On Aging Brewer, ME | $3,223,641 | $4,462,794 |
Grafton County Senior Citizens Council Inc Lebanon, NH | $3,948,127 | $4,104,899 |
Maine Long Term Care Ombudsman Program Augusta, ME | $537,789 | $1,252,808 |
Newport Senior Center Newport, NH | $2,725,455 | $1,181,960 |
Gibson Center For Senior Services Inc North Conway, NH | $4,576,030 | $1,436,233 |
Vinalhaven Eldercare Services- Resources Vinalhaven, ME | $931,969 | $746,629 |