Silver Spring Village Inc
- Assets
- $209.5k
- Revenue
- $211.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Silver Spring, MD
- Founding
- 09/2013
- Data as of
- 06/2023
- 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 06/2023, Silver Spring Village Inc employed 4 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 06/2023, Silver Spring Village Inc generated $211.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $209.5k during the year ending 06/2023. While expenses have increased by 14.9% per year over the past 8 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
2023
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 |
|---|---|---|---|
Susan Decker President | OfficerTrustee | 5 | $0 |
Cheryl Gardner Vice President | OfficerTrustee | 5 | $0 |
Connie Raab Secretary | OfficerTrustee | 5 | $0 |
Katherine Anderson Treasurer | OfficerTrustee | 5 | $0 |
Laurie Ekstrand Director | Trustee | 2 | $0 |
James Gormally Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $62,221 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,577 |
| Noncash contributions included in lines 1a–1f | $102 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,798 |
| Total Program Service Revenue | $44,496 |
| Investment income | $4,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $211,614 |
| 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. | $81,262 |
| Compensation of current officers, directors, key employees. | $43,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,442 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,025 |
| Payroll taxes | $11,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,479 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $315 |
| Office expenses | $11,080 |
| Information technology | $2,708 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26 |
| 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 | $2,898 |
| All other expenses | $9,231 |
| Total functional expenses | $209,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,791 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,739 |
| 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 | $2,840 |
| 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 | $209,480 |
| Accounts payable and accrued expenses | $4,296 |
| 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 | $4,296 |
| Net assets without donor restrictions | $205,184 |
| 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 | $209,480 |