Silver Spring Village Inc
- Assets
- $210.1k
- Revenue
- $227.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Silver Spring, MD
- Founding
- 09/2013
- Data as of
- 06/2022
- EIN
- 46-0723926
Organization Overview
Silver Spring Village Inc is located in Silver Spring, MD. The organization was established in 2013. 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, Silver Spring Village Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver Spring Village 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, Silver Spring Village Inc generated $227.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $193.0k during the year ending 06/2022. While expenses have increased by 15.8% 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
TO SUSTAIN A ROBUST NEIGHBORS-HELPING-NEIGHBORS NETWORK THAT SUPPORTS OLDER ADULTS WHO WISH TO LIVE AS INDEPENDENTLY AS POSSIBLE AND BE FULLY ENGAGED IN THEIR COMMUNITY AS THEY AGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUSTAIN A ROBUST NEIGHBORS-HELPING-NEIGHBORS NETWORK THAT SUPPORTS OLDER ADULTS WHO WISH TO LIVE AS INDEPENDENTLY AS POSSIBLE AND BE FULLY ENGAGED IN THEIR COMMUNITY AS THEY AGE. SILVER SPRING VILLAGE MANAGES A NETWORK OF VOLUNTEERS WHO PROVIDE MANY OF OUR PROGRAM OFFERINGS. THE ESTIMATED VALUE OF THESE SERVICES IS APPROXIMATELY $197,681 BASED ON ANNUAL RATE ESTABLISHED BY INDEPENDENT SECTOR. THE VALUE OF THESE SERVICES IN NOT REFLECTED AS REVENUE OR EXPENSES IN THE 990.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Gaddis Executive Director | Officer | 40 | $77,883 |
Connie Raab President | OfficerTrustee | 5 | $0 |
Susan Decker Treasurer | OfficerTrustee | 5 | $0 |
Katherine Anderson Vice President | OfficerTrustee | 5 | $0 |
Carolyn Lauer Secretary | OfficerTrustee | 5 | $0 |
James Gormally Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $53,208 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,494 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,702 |
| Total Program Service Revenue | $42,565 |
| Investment income | $187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,442 |
| 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. | $77,883 |
| Compensation of current officers, directors, key employees. | $35,826 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,573 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,785 |
| Payroll taxes | $10,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $210 |
| Office expenses | $247 |
| Information technology | $2,640 |
| Royalties | $0 |
| Occupancy | $12,887 |
| Travel | $84 |
| 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 | $3,042 |
| All other expenses | $6,649 |
| Total functional expenses | $192,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,736 |
| 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 | $1,661 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,110 |
| Total assets | $210,122 |
| Accounts payable and accrued expenses | $7,102 |
| 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 | $7,102 |
| Net assets without donor restrictions | $193,020 |
| Net assets with donor restrictions | $10,000 |
| 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 | $210,122 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Silver Spring Village Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Cloudbreak Foundation Inc McLean, VA PURPOSE: INDEPENDENT LIVING PROGRAM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philadelphia Corporation For Aging Philadelphia, PA | $34,478,381 | $88,420,112 |
Living Independence For The Elderly Pittsburgh Inc Pittsburgh, PA | $45,005,656 | $55,592,400 |
Center For Workforce Inclusion Inc Silver Spring, MD | $19,940,028 | $57,138,753 |
National Caucus And Center On Black Aging Inc Washington, DC | $2,283,957 | $29,565,598 |
National Investment Center For Seniors Housing & Care Inc Annapolis, MD | $55,654,799 | $19,355,581 |
Bay Aging Urbanna, VA | $23,060,386 | $20,939,151 |
Southwestern Pennsylvania Area Charleroi, PA | $3,794,920 | $18,303,240 |
Southwestern Community Action Council Inc Huntington, WV | $3,442,684 | $16,539,322 |
Mountain Empire Older Citizens Inc Big Stone Gap, VA | $8,808,055 | $17,898,946 |
Central West Virginia Aging Services Inc Buckhannon, WV | $10,635,053 | $17,319,473 |
Appalachian Agency For Senior Citizens Cedar Bluff, VA | $13,226,617 | $17,944,269 |
Wvsc Metro Area Agency On Aging Inc Dunbar, WV | $2,022,123 | $10,856,707 |