Association For Services For The Aged Inc
- Assets
- $2.5m
- Revenue
- $34.5k
- Investments
- $0.0
- Employees
- 536
- Location
- New York, NY
- Founding
- 11/1978
- Data as of
- 06/2018
- EIN
- 13-2951640
Organization Overview
Association For Services For The Aged Inc is located in New York, NY. The organization was established in 1978. According to its NTEE Classification (P44) the organization is classified as: In-Home Assistance, under the broad grouping of Human Services and related organizations. As of 06/2018, Association For Services For The Aged Inc employed 536 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Services 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 06/2018, Association For Services For The Aged Inc generated $34.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (67.6%) each year. All expenses for the organization totaled $15.0k during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (73.6%) per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOME ATTENDANT SERVICES TO ELDERLY & DISABLED, ALLOWING THEM TO STAY IN THEIR HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNDER A CONTRACTUAL AGREEMENT WITH THE CITY OF NEW YORK, THE ORGANIZATION PROVIDES HOME ATTENDANT SERVICES TO MEDICAID-APPROVED CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Boxer Chair | OfficerTrustee | 1 | $0 |
Mark R Imowitz President | OfficerTrustee | 1 | $0 |
Jessica Feder Vice President | OfficerTrustee | 1 | $0 |
Eric Greenhut Vice President | OfficerTrustee | 1 | $0 |
Martin L Halbfinger Vice President | OfficerTrustee | 1 | $0 |
Ruth Perelson Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,616 |
| Investment income | $0 |
| 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 | $34,490 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $568 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,999 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $10,403 |
| All other expenses | $0 |
| Total functional expenses | $15,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,479,287 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,674 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,773 |
| Total assets | $2,527,734 |
| Accounts payable and accrued expenses | $13,625 |
| 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 | $2,613,146 |
| Total liabilities | $2,626,771 |
| Net assets without donor restrictions | -$99,037 |
| 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 |
| Total liabilities and net assets/fund balances | -$99,037 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Country Home Services Saranac Lake, NY | $4,923,424 | $10,704,967 |
All Care Resources Inc Lynn, MA | $3,621,757 | $10,063,647 |
Niagara Homemaker Services Inc Buffalo, NY | $4,199,398 | $6,606,567 |
Alliance Visiting Nurses Meadville, PA | $6,175,760 | $8,299,496 |
Home Aides Of Central New York Inc Syracuse, NY | $649,708 | $5,475,117 |
Concerned Home Managers For The Elderly Inc New York, NY | $1,534,477 | $5,094,691 |
Material Yard Workers Local No 1175 Welfare Fund Astoria, NY | $2,629,000 | $3,743,848 |
Visiting Homemaker Service Of Passaic County Inc Totowa, NJ | $3,167,935 | $5,110,112 |
Greater Adirondack Home Aides Inc Queensbury, NY | $2,502,791 | $3,338,745 |
Social Concern Community Development Corporation Rosedale, NY | $4,348,874 | $3,515,304 |
Partners In Home Care Inc Moorestown, NJ | $296,271 | $2,684,814 |
Friendship Home Inc Norwell, MA | $6,256,869 | $3,069,466 |