Life Eldercare Inc
- Assets
- $4.7m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 32
- Location
- Fremont, CA
- Founding
- 08/1975
- Data as of
- 06/2022
- EIN
- 23-7455567
Organization Overview
Life Eldercare Inc is located in Fremont, CA. The organization was established in 1975. 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, Life Eldercare Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Eldercare 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 06/2022, Life Eldercare Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 22.4% 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
LIFE ELDERCARE OFFERS FREE SIMPLE AND IMPORTANT SERVICES FOR OLDER ADULTS WHO PREFER TO REMAIN LIVING AT HOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE ELDERCARE ENSURES ACCESS TO BASIC NECESSITIES LIKE HEALTHY FOOD ASSITED TRANSPORTATION FRIENDLY COMPSNIONSHIP FALL PREVENTION AND HOME SAFETY SERVICES CARE COORDINATION AND ACCESS TO OTHER RESOURCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Osage Executive Director | 40 | $160,175 | |
Ruth Liu President | Trustee | 0.5 | $0 |
John Zubiena Vice President | Trustee | 0.5 | $0 |
Lily Shih Secretary | Trustee | 0.5 | $0 |
Ashok Desai Treasurer | Trustee | 0.5 | $0 |
Dr Joseph Pritchard Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Services Opportunity For Seniors Meals | 6/29/22 | $133,134 |
California Choice Benefit Admin Health | 6/29/22 | $104,413 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $223,382 |
| Related organizations | $0 |
| Government grants | $1,028,667 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,082,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,334,804 |
| Total Program Service Revenue | $0 |
| Investment income | $5,532 |
| 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 | $3,876,795 |
| 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. | $160,175 |
| Compensation of current officers, directors, key employees. | $16,018 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,041,839 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $136,277 |
| Payroll taxes | $87,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $82,292 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,445 |
| Advertising and promotion | $0 |
| Office expenses | $61,405 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,716 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,647 |
| Interest | $10,530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,691 |
| Insurance | $20,502 |
| All other expenses | $1,384,154 |
| Total functional expenses | $3,450,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,083,439 |
| Savings and temporary cash investments | $929,308 |
| Pledges and grants receivable | $603,970 |
| 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 | $35,304 |
| Net Land, buildings, and equipment | $32,284 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,684,305 |
| Accounts payable and accrued expenses | $242,755 |
| 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 | $0 |
| Total liabilities | $242,755 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,684,305 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Life Eldercare Inc has recieved totaling $188,598.
| Awarding Organization | Amount |
|---|---|
Sobrato Family Foundation Mountain View, CA PURPOSE: GENERAL OPERATING SUPPORT | $68,250 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $58,482 |
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $29,148 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,300 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $13,300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $118 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sourcewise Santa Clara, CA | $7,993,096 | $17,866,035 |
Pima Council On Aging Inc Tucson, AZ | $10,290,205 | $15,552,044 |
Fsl Programs Phoenix, AZ | $5,562,893 | $15,840,626 |
Serving Seniors San Diego, CA | $23,762,987 | $13,598,474 |
Vivalon San Rafael, CA | $15,091,831 | $11,530,268 |
Lanakila Pacific Honolulu, HI | $36,113,622 | $9,198,023 |
Santa Clarita Valley Committee On Aging Inc Santa Clarita, CA | $16,850,668 | $9,699,649 |
Onegeneration Van Nuys, CA | $6,251,493 | $9,815,595 |
Fsl Pathways Phoenix, AZ | $5,868,653 | $8,387,285 |
Grey Bears Santa Cruz, CA | $7,420,160 | $8,377,018 |
On Lok Day Services San Francisco, CA | $8,843,870 | $7,180,931 |
Avenidas Palo Alto, CA | $49,752,413 | $6,728,403 |