Twin Valley Seniors Inc
- Assets
- $472.8k
- Revenue
- $262.5k
- Investments
- $0.0
- Employees
- 5
- Location
- East Montpelier, VT
- Founding
- 10/1994
- Data as of
- 09/2021
- EIN
- 22-3309872
Organization Overview
Twin Valley Seniors Inc is located in East Montpelier, VT. The organization was established in 1994. 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 09/2023, Twin Valley Seniors Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Valley Seniors 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 09/2021, Twin Valley Seniors Inc generated $262.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $195.0k during the year ending 09/2021. While expenses have increased by 6.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE THE SOCIAL, EMOTIONAL, AND PHYSICAL WELL BEING OF INDEPENDENT SENIOR CITIZENS BY PROVIDING ACCESS TO COMMUNITY RESOURCES AND PROVIDING SERVICES AND ACTIVITIES THAT MAINTAIN SENIOR CITIZENS' INDEPENDENCE AND WELLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEALS PROGRAM FOR SENIORS - THE SENIOR CENTER SERVES APPROXIMATELY 1,000 MEALS MONTHLY ON SITE AND THROUGH THE MEALS ON WHEELS PROGRAM. THESE MEALS ARE BY DONATION ONLY, REGARDLESS OF ABILITY TO PAY. THE MEALS ARE HOME COOKED, NUTRITIONAL, WELL BALANCED MEALS THAT ARE OVERSEEN BY A REGISTERED DIETICIAN.
PROVIDE HEALTH AND SOCIAL PROGRAMS FOR SENIORS - THIS INCLUDES PROVIDING PERIODIC EXERCISE CLASSES, FOOT CLINICS, FLU SHOTS, AND BLOOD PRESSURE CHECKS. THESE PROGRAMS ARE PROVIDED AT LOW COST (AND MANY ARE PROVIDED AT NO COST) TO AREA SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Wheeler Chair, Actin | OfficerTrustee | 10 | $0 |
Cecile Sherburn Vice Chair | OfficerTrustee | 1 | $0 |
George Bollenback Treasurer | OfficerTrustee | 10 | $0 |
Sue Carey Secretary | OfficerTrustee | 2 | $0 |
Fred Wilber Member | Trustee | 2 | $0 |
Barry Ibey Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,434 |
| Investment income | $336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,888 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,607 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,527 |
| 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. | $33,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,358 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,611 |
| Advertising and promotion | $0 |
| Office expenses | $11,327 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,073 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,441 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,594 |
| Insurance | $4,005 |
| All other expenses | $0 |
| Total functional expenses | $194,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,983 |
| Savings and temporary cash investments | $26,040 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Total assets | $472,756 |
| Accounts payable and accrued expenses | $4,915 |
| Grants payable | $0 |
| Deferred revenue | $1,100 |
| 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 | $269,509 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,100 |
| Total liabilities | $279,624 |
| 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 |
| Total liabilities and net assets/fund balances | $193,132 |