Area Agency On Aging Of Palm Beach- Treasure Coast Inc
- Assets
- $12.0m
- Revenue
- $38.1m
- Investments
- $0.0
- Employees
- 82
- Location
- West Palm Beach, FL
- Founding
- 02/1990
- Data as of
- 12/2023
- EIN
- 65-0087858
Organization Overview
Area Agency On Aging Of Palm Beach- Treasure Coast Inc, operating under the name Your Aging & Disability Resource Center, is located in West Palm Beach, FL. The organization was established in 1990. 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 12/2023, Your Aging & Disability Resource Center employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Your Aging & Disability Resource Center 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 12/2023, Your Aging & Disability Resource Center generated $38.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $37.0m during the year ending 12/2023. While expenses have increased by 6.8% 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.
Since 2018, Your Aging & Disability Resource Center has awarded 91 individual grants totaling $151,436,556. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, SUPPORT AND ADVOCATE FOR SENIORS AND THEIR CAREGIVERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEPARTMENT OF ELDER AFFAIRS PROGRAMS: 731,058 ELDERS HAD ACCESS TO THE AREA AGENCY WITHIN THE FIVE COUNTY REGION. DURING 2023 THERE WERE 17,319 CLIENTS SERVED WITH HOME AND COMMUNITY BASED SERVICES, ADULT DAY CARE, COUNSELING, EDUCATION, CONGREGATE MEALS, HOME DELIVERED MEALS, HOMEMAKING, AND TRANSPORTATION. ADDITIONALLY, DURING 2023 SHINE VOLUNTEERS PROVIDED ONE-ON-ONE COUNSELING TO 1,819 SENIORS. THE AGENCY PROVIDED INFORMATION TO 1,386 ELDERS ON ELDER ABUSE PREVENTION. THE HELPLINE ASSISTED 84,961 CLIENTS WITH INFORMATION AND REFERRALS. 9,428 CLIENT ASSESSMENTS COMPLETED. THE AGENCY'S BENEFIT ENROLLMENT CENTER ASSISTED 448 CLIENTS APPLY FOR BENEFITS.
OTHER NON-DOEA PROGRAMS: THE AREA AGENCY ON AGING ENGAGES SENIORS IN COMMUNITY SERVICE AND CIVIC ENGAGEMENT, HEALTHY AGING, AND EVIDENCED BASED WORKSHOP. DURING 2023, HEALTHY LIVING COORDINATED 39 WORKSHOPS REACHING 395 PARTICIPANTS.
VETERANS CHOICE PROGRAM: IN PARTNERSHIP WITH THE VETERANS ADMINISTRATION MEDICAL CENTER, THE AGENCY ASSISTED 17 VETERANS TO DIRECT THEIR OWN SERVICES AND SUPPORTS. ALLOWS VETERANS TO LIVE MORE INDEPENDENTLY IN THEIR COMMUNITIES, AVOIDING COSTLY NURSING HOME PLACEMENT.
FOSTER GRANDPARENTS PROGRAM: THROUGH THE AMERICORPS FOSTER GRANDPARENT PROGRAM, 96 FOSTER GRANDPARENT SENIOR VOLUNTEERS MENTORED AND TUTORED 474 AT-RISK CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Sheppard Chair | OfficerTrustee | 2 | $0 |
Lewis Silverman Vice-Chair | OfficerTrustee | 2 | $0 |
Susan Morgan Treasurer | OfficerTrustee | 2 | $0 |
James Cioffi ESQ Secretary | OfficerTrustee | 2 | $0 |
Neal Abarbanell MD Director | Trustee | 2 | $0 |
Ian L Cordes Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,292,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $656,766 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,949,450 |
| Total Program Service Revenue | $0 |
| Investment income | $98,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,071,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,496,025 |
| Grants and other assistance to domestic individuals. | $895,381 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $302,534 |
| Compensation of current officers, directors, key employees. | $60,507 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,536,862 |
| Pension plan accruals and contributions | $239,112 |
| Other employee benefits | $214,389 |
| Payroll taxes | $212,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,328 |
| Fees for services: Accounting | $29,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,560 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $690,621 |
| Travel | $25,514 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $327,569 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $47,964 |
| All other expenses | $146,531 |
| Total functional expenses | $37,038,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,064,425 |
| Savings and temporary cash investments | $1,866,862 |
| Pledges and grants receivable | $4,077,046 |
| Accounts receivable, net | $45,018 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,037,156 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,864,418 |
| Total assets | $11,954,925 |
| Accounts payable and accrued expenses | $401,654 |
| Grants payable | $4,181,753 |
| Deferred revenue | $413,566 |
| 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 | $3,033,457 |
| Total liabilities | $8,030,430 |
| Net assets without donor restrictions | $3,924,495 |
| 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 | $11,954,925 |
Grants Awarded
Over the last fiscal year, Area Agency On Aging Of Palm Beach- Treasure Coast Inc has awarded $30,496,025 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
PALM BEACH COUNTY DIVISION OF SENIOR SERVICES PURPOSE: SENIOR SERVICES SUPPORT | $11,601,590 |
MAE VOLEN SENIOR CENTER PURPOSE: SENIOR SERVICES SUPPORT | $6,540,003 |
COUNCIL ON AGING OF ST LUCIE INC PURPOSE: SENIOR SERVICES SUPPORT | $3,528,537 |
ALZHEIMER'S COMMUNITY CARE INC PURPOSE: SENIOR SERVICES SUPPORT | $3,296,929 |
COUNCIL ON AGING OF MARTIN COUNTY PURPOSE: SENIOR SERVICES SUPPORT | $2,086,112 |
SENIOR RESOURCE ASSOCIATION PURPOSE: SENIOR SERVICES SUPPORT | $1,848,048 |