Hyde Park Multi-Service Center For Older Adults
- Assets
- $1.1m
- Revenue
- $702.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Cincinnati, OH
- Founding
- 06/1975
- Data as of
- 12/2021
- EIN
- 31-0857401
Organization Overview
Hyde Park Multi-Service Center For Older Adults, operating under the name 55 North, is located in Cincinnati, OH. 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 12/2021, 55 North employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 55 North 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 12/2021, 55 North generated $702.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $628.0k during the year ending 12/2021. While expenses have increased by 5.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER ADULTS 55 AND OLDER TO BE INDEPENDENT, ACTIVE, HEALTHY, ENGAGED AND CONNECTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIGITAL CONNECT - PROVIDING ACCESS TO A COMPUTER TABLET, TECHNOLOGY SUPPORT AND INTERNET SERVICE TO PEOPLE AGE 55 PLUS, LIVING AT OR BELOW 200% OF THE FEDERAL POVERTY LEVEL. FOR THOSE OVER 55 AND ABOVE THE FEDERAL POVERTY LEVEL, THE PROGRAM OFFERS TECHNOLOGY SUPPORT FOR A GREATLY REDUCED FEE.
NUTRITION - PROVIDING APPEALING AND NUTRITIOUS CONGREGATE MEALS TO IMPROVE OVERALL HEALTH IN A SOCIAL SETTING AND DURING THE COVID PANDEMIC, PROVIDING DELICIOUS HOME-DELIVERED MEALS ON A WEEKLY BASIS.
SOCIAL WORK - PROVIDING SUPPORTIVE SERVICES ESSENTIAL TO INDEPENDENT LIVING INCLUDING: MONITORING OF MAIL AND BILL PAYING, ASSISTANCE AND MONITORING OF MEDICARE ENROLLMENT AND PUBLIC BENEFITS, CRISIS INTERVENTION IN EMERGENCY SITUATIONS, HOUSING EVALUATIONS, CAREGIVING SUPPORT AND ASSESSMENT AND REFERRALS TO COMMUNITY SERVICES TO MAINTAIN INDEPENDENT LIVING AND WELLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Goering Executive Director | Officer | 40 | $115,479 |
Dan Hendricks Secretary | OfficerTrustee | 1 | $0 |
Tony Fenno President | OfficerTrustee | 4 | $0 |
Tom Cooney Treasurer | OfficerTrustee | 2 | $0 |
Greg Hartley Trustee | Trustee | 1 | $0 |
Gayley Mattson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $17,856 |
| Membership dues | $7,948 |
| Fundraising events | $27,870 |
| Related organizations | $0 |
| Government grants | $315,415 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,277 |
| Noncash contributions included in lines 1a–1f | $54,067 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $676,366 |
| Total Program Service Revenue | $9,943 |
| Investment income | $16,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $158 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $702,625 |
| 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. | $121,335 |
| Compensation of current officers, directors, key employees. | $17,092 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,649 |
| Fees for services: Other | $96,786 |
| Advertising and promotion | $14,669 |
| Office expenses | $10,175 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,949 |
| 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 | $7,033 |
| Insurance | $11,723 |
| All other expenses | $7,242 |
| Total functional expenses | $628,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,668 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,363 |
| 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 | $4,435 |
| Net Land, buildings, and equipment | $19,918 |
| Investments—publicly traded securities | $853,359 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,057,743 |
| Accounts payable and accrued expenses | $20,761 |
| 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 | $20,761 |
| Net assets without donor restrictions | $958,080 |
| Net assets with donor restrictions | $78,902 |
| 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 | $1,057,743 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Hyde Park Multi-Service Center For Older Adults has recieved totaling $170,054.
| Awarding Organization | Amount |
|---|---|
The Frances R Luther Charitable Trust Cincinnati, OH PURPOSE: PROJECT/PROGRAM SUPPORT | $50,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $47,348 |
John A Schroth Family Charitabletrust Pittsburgh, PA PURPOSE: GENERAL | $37,673 |
United Way Of Greater Cincinnati Cincinnati, OH PURPOSE: Program Operating Cost | $35,006 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Endowment Analysis
| Beg. Balance | $13,333 |
| Ending Balance | $13,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Council On Aging Of Southwestern Ohio Blue Ash, OH | $23,191,204 | $94,817,577 |
Philadelphia Corporation For Aging Philadelphia, PA | $34,478,381 | $88,420,112 |
Western Reserve Area Agency On Aging Cleveland, OH | $22,317,796 | $84,969,707 |
Detroit Area Agency On Aging Detroit, MI | $32,235,181 | $75,347,637 |
Area Agency On Aging 1 B Southfield, MI | $19,000,335 | $70,220,472 |
Area Agency Of Aging District 7 Inc Rio Grande, OH | $12,307,500 | $62,787,321 |
Direction Home Akron Canton Area Agency On Aging Uniontown, OH | $20,335,083 | $58,977,565 |
Living Independence For The Elderly Pittsburgh Inc Pittsburgh, PA | $45,005,656 | $55,592,400 |
Area Agency On Aging Of Western Michigan Inc Grand Rapids, MI | $20,743,900 | $55,691,217 |
Area Agency On Aging Cambridge, OH | $11,899,039 | $51,033,578 |
Area Agency On Aging Planning And Service Area 2 Dayton, OH | $35,326,580 | $52,166,513 |
Region Vii Area Agency On Aging Inc Bay City, MI | $27,799,297 | $38,562,151 |