Elderserve Inc
- Assets
- $2.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 113
- Location
- Louisville, KY
- Founding
- 02/1968
- Data as of
- 06/2021
- EIN
- 61-6024140
Organization Overview
Elderserve Inc is located in Louisville, KY. The organization was established in 1968. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2021, Elderserve Inc employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elderserve 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 06/2021, Elderserve Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 6 years. 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
ELDERSERVE, INC. PROVIDES SERVICES EMPOWER OLDER ADULTS TO LIVE INDEPENDENTLY WITH DIGNITY IN LOUISVILLE/JEFFERSON COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL DEVELOPMENT
SOCIAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patty Belden CEO | OfficerTrustee | 37.5 | $99,000 |
Steve Schulz President | Trustee | 1 | $0 |
Paticia Mcgillan Vice President | Trustee | 1 | $0 |
Eric Schrenger Secretary | Trustee | 1 | $0 |
Julia Meredith Treasurer | Trustee | 1 | $0 |
Christopher Kipper Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $549,539 |
| All other contributions, gifts, grants, and similar amounts not included above | $479,485 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,029,024 |
| Total Program Service Revenue | $284,930 |
| Investment income | $1,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $418,715 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,853,235 |
| 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. | $99,000 |
| Compensation of current officers, directors, key employees. | $1,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $608,734 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,100 |
| Payroll taxes | $86,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,067 |
| Advertising and promotion | $0 |
| Office expenses | $14,914 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,527 |
| Travel | $2,891 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $552,797 |
| Insurance | $48,988 |
| All other expenses | $21,613 |
| Total functional expenses | $2,031,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,447 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $236,069 |
| Accounts receivable, net | -$32,092 |
| 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 | $22,256 |
| Net Land, buildings, and equipment | $1,238,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $255,017 |
| Total assets | $2,141,382 |
| Accounts payable and accrued expenses | $105,599 |
| 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 | $275,926 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $690,650 |
| Total liabilities | $1,072,175 |
| Net assets without donor restrictions | $888,199 |
| Net assets with donor restrictions | $181,008 |
| 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 | $2,141,382 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Elderserve Inc has recieved totaling $118,890.
| Awarding Organization | Amount |
|---|---|
Metro United Way Inc Louisville, KY PURPOSE: Social services for seniors | $90,780 |
Kindred Foundation Inc Louisville, KY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Gheens Foundation Inc Louisville, KY PURPOSE: SENIOR CENTER REDEVELOPMENT PROJECT | $8,082 |
Norton Healthcare Inc Louisville, KY PURPOSE: Program support for the empowerment of older adults to live independently with dignity | $5,000 |
Yum Brands Foundation Inc Louisville, KY PURPOSE: UNRESTRICTED CONTRIBUTIONS TO 501(C)(3) | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
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|---|---|---|
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Boulder Crest Foundation Bluemont, VA | $39,968,822 | $23,145,930 |
Community Health Ctr Of Central Missouri Jefferson City, MO | $23,228,826 | $19,931,072 |
Central Fairfax Services Inc Springfield, VA | $6,565,063 | $13,281,706 |
Area Congregations Together In Service Richmond, VA | $1,536,280 | $15,128,315 |
Progressive Housing Inc Olympia Fields, IL | $9,843,151 | $16,511,202 |
Buckeye Plain Ministry Group Middlefield, OH | $4,397,089 | $15,353,471 |
Service Inc Of Illinois Joliet, IL | $4,263,062 | $14,668,077 |
Behavioral Healthcare Services Inc Owensboro, KY | $8,995,827 | $13,461,445 |
Paraquad Inc St Louis, MO | $25,560,219 | $14,042,236 |
Meritan Inc Memphis, TN | $4,688,088 | $16,356,031 |
Urban Strategies Inc Saint Louis, MO | $8,412,015 | $14,857,524 |