Senior Network Inc

Organization Overview

Senior Network Inc is located in Waldorf, MD. The organization was established in 1989. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2022, Senior Network Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Senior Network 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 12/2022, Senior Network Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 0.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO FACILITATE A HIGH QUALITY OF LIFE FOR THE AT RISK ELDERLY AND THEIR FAMILIES THROUGH THE PROVISION OF DAYTIME AND/OR RESIDENTIAL CARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ADULT DAYCARE SERVICES ARE PROVIDED TO AT RISK ELDERLY. THESE SERVICES ARE A COST EFFECTIVE ALTERNATIVE TO OTHER FORMS OF HEALTH CARE. IN ADDITION, THE ORGANIZATION PROVIDES SERVICES TO AND MANAGEMENT OF ASSISTED LIVING FOR THE ELDERLY.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Holohan
Chair
$0
Kurt Martin
Secretary/treasurer
$0
John Mcconnell
Director
$0
Craig D Lakin
Executive Director
$154,700

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $380,547
All other contributions, gifts, grants, and similar amounts not included above$17,470
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$398,017
Total Program Service Revenue$1,338,887
Investment income $5,933
Tax Exempt Bond Proceeds $0
Royalties $736
Net Rental Income $0
Net Gain/Loss on Asset Sales -$2,135
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,765,394

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