Find Aid For The Aged Inc
- Assets
- $27.0m
- Revenue
- $9.7m
- Investments
- $3.3m
- Employees
- 96
- Location
- New York, NY
- Founding
- 05/1970
- Data as of
- 12/2022
- EIN
- 13-2666921
Organization Overview
Find Aid For The Aged Inc is located in New York, NY. The organization was established in 1970. 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 12/2022, Find Aid For The Aged Inc employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Find Aid For The Aged 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 12/2022, Find Aid For The Aged Inc generated $9.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $6.0m during the year ending 12/2022. While expenses have increased by 4.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY PURPOSE IS TO DEVELOP, CONDUCT AND ADMINISTER PROGRAMS FOR THE ELDERLY ON NEW YORK CITY'S WEST SIDE. THESE PROGRAMS PROVIDE MEALS, RECREATIONAL AND SOCIAL ACTIVITIES, SOCIAL SERVICES AND HOUSING FOR SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRIMARY PURPOSE IS TO DEVELOP, CONDUCT AND ADMINISTER PROGRAMS FOR THE ELDERLY ON NEW YORK CITY'S WEST SIDE. THESE PROGRAMS PROVIDE MEALS, RECREATIONAL AND SOCIAL ACTIVITIES, SOCIAL SERVICES AND HOUSING FOR SENIOR CITIZENS. THE ORGANIZATION SERVED 150,537 MEALS IN 2022. THEY PROVIDED 946 EDUCATION/RECREATION CLASSES, 583 NUTRITION/EDUCATION CLASSES, 3,868 HEALTH MANAGEMENT AND HEALTH PROMOTION CLASSES, 704 ART AND CULTURE CLASSES AND 12,463 EXERCISE CLASSES. THEY ALSO PROVIDED TECHNICAL/COMPUTER ASSISTANCE TO 324 CLIENTS AS WELL AS ASSISTING 2,088 CLIENTS WITH CASE ASSISTANCE AND MEDICAID ISSUES AND 2,460 CLIENTS WITH INFORMATION REFERRAL. THE SERVICE LEVELS INCREASED THIS YEAR AS THE SEVERITY OF COVID-19 PANDEMIC DECREASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane E Silverman Chair | OfficerTrustee | 1 | $0 |
John Crane Vice-Chair | OfficerTrustee | 1 | $0 |
Phylis Simon Board Member | Trustee | 1 | $0 |
Constance Tempel Board Member | Trustee | 1 | $0 |
Daniel Land Parcerisas Board Member | Trustee | 1 | $0 |
Ivan Armstrong Outgoing Board Member (9/2022) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,509,814 |
| All other contributions, gifts, grants, and similar amounts not included above | $354,758 |
| Noncash contributions included in lines 1a–1f | $12,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,864,572 |
| Total Program Service Revenue | $883,183 |
| Investment income | $151,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $941,598 |
| Net Gain/Loss on Asset Sales | $2,834,751 |
| Net Income from Fundraising Events | $3,585 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,679,932 |
| 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. | $1,037,199 |
| Compensation of current officers, directors, key employees. | $197,591 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,123,345 |
| Pension plan accruals and contributions | $48,124 |
| Other employee benefits | $161,104 |
| Payroll taxes | $255,587 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,722 |
| Fees for services: Accounting | $72,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29 |
| Fees for services: Other | $618,542 |
| Advertising and promotion | $0 |
| Office expenses | $292,168 |
| Information technology | $74,346 |
| Royalties | $0 |
| Occupancy | $209,510 |
| Travel | $817 |
| 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 | $107,596 |
| Insurance | $172,808 |
| All other expenses | $0 |
| Total functional expenses | $6,046,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,398,561 |
| Savings and temporary cash investments | $3,830 |
| Pledges and grants receivable | $1,321,385 |
| Accounts receivable, net | $893,455 |
| 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 | $1,109,977 |
| Net Land, buildings, and equipment | $1,127,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,319,199 |
| Investments—program-related | $0 |
| Intangible assets | $1,342,926 |
| Other assets | $16,474,972 |
| Total assets | $26,992,201 |
| Accounts payable and accrued expenses | $614,004 |
| Grants payable | $0 |
| Deferred revenue | $1,826,182 |
| 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 | $1,354,937 |
| Total liabilities | $3,795,123 |
| Net assets without donor restrictions | $9,312,566 |
| Net assets with donor restrictions | $13,884,512 |
| 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 | $26,992,201 |