Colonie Senior Service Centers Inc
- Assets
- $35.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 66
- Location
- Albany, NY
- Founding
- 10/1981
- Data as of
- 12/2022
- EIN
- 22-2366576
Organization Overview
Colonie Senior Service Centers Inc is located in Albany, NY. The organization was established in 1981. 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, Colonie Senior Service Centers Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colonie Senior Service Centers 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, Colonie Senior Service Centers Inc generated $2.4m 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 (3.2%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. 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
SEE SCHEDULE O THE MISSION OF COLONIE SENIOR SERVICE CENTERS, INC. (CSSC) IS TO PROVIDE COMPREHENSIVE SERVICES TO THOSE IN OUR COMMUNITY WHO ARE IN OR APPROACHING THEIR MATURE YEARS, AND TO PROVIDE SUPPORT AND SERVICES TO THEIR FAMILIES AND CAREGIVERS. THROUGH THESE SERVICES, CSSC STRIVES TO ENSURE THE PHYSICAL, MENTAL, EMOTIONAL AND FINANCIAL WELLBEING OF OUR PARTICIPANTS, IMPROVE THE QUALITY OF LIFE, AND TO ENHANCE THE STRUCTURE AND STABILITY OF OUR COMMUNITY AS A WHOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT DAY CARE - THIS PROGRAM PROVIDES ADULT DAY SERVICES TO SENIORS.
RECREATION/HOUSING - THIS PROGRAM PROVIDES HOUSING IN A SENIOR CITIZEN APARTMENT COMPLEX.UMBRELLA PROGRAM - PROVIDES ASSISTANCE TO SENIORS WITH GENERAL HOME MAINTENANCE FOR A MEMBERSHIP.
TRANSPORTATION - THIS PROGRAM PROVIDES TRANSPORTATION TO AREA SENIORS.
SENIOR DINING - THIS PROGRAM PROVIDES CONGREGATE MEALS FOR SENIORS AS WELL AS NUTRITIONAL EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Friedman Director | Trustee | 0.25 | $0 |
Mary Beth Hofmeister Director | Trustee | 0.25 | $0 |
Michael J Bianchino Director | Trustee | 0.25 | $0 |
Camille Hoheb Director | Trustee | 0.25 | $0 |
Alicia Kelley Director | Trustee | 0.25 | $0 |
Eric King Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,209 |
| Fundraising events | $16,171 |
| Related organizations | $0 |
| Government grants | $251,513 |
| All other contributions, gifts, grants, and similar amounts not included above | $348,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $652,388 |
| Total Program Service Revenue | $1,136,575 |
| Investment income | $131,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $327,697 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $136,922 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,429,828 |
| 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. | $190,064 |
| Compensation of current officers, directors, key employees. | $190,064 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $866,922 |
| Pension plan accruals and contributions | $16,153 |
| Other employee benefits | $0 |
| Payroll taxes | $129,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,547 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,181 |
| Advertising and promotion | $28,358 |
| Office expenses | $47,676 |
| 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 | $82,855 |
| Insurance | $59,527 |
| All other expenses | $122,965 |
| Total functional expenses | $1,998,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,336,269 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $708 |
| Accounts receivable, net | $263,889 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,124 |
| Prepaid expenses and deferred charges | $27,878 |
| Net Land, buildings, and equipment | $23,298,774 |
| Investments—publicly traded securities | $6,186,738 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,842,524 |
| Total assets | $34,962,904 |
| Accounts payable and accrued expenses | $605,933 |
| Grants payable | $0 |
| Deferred revenue | $93,499 |
| Tax-exempt bond liabilities | $30,779,956 |
| 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 | $728,649 |
| Total liabilities | $32,208,037 |
| Net assets without donor restrictions | $2,584,077 |
| Net assets with donor restrictions | $170,790 |
| 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 | $34,962,904 |