Balancedcare Community Services Inc
- Assets
- $9.5m
- Revenue
- $953.0k
- Investments
- $0.0
- Employees
- 13
- Location
- Rochester, NY
- Founding
- Data as of
- 12/2022
- EIN
- 83-3482550
Organization Overview
Balancedcare Community Services Inc is located in Rochester, NY. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Balancedcare Community Services Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Balancedcare Community Services 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, Balancedcare Community Services Inc generated $953.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $953.4k during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 3 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
WE PROVIDE TRUSTED FINANCIAL AND FIDUCIARY SOLUTIONS FOR VULNERABLE POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTATIVE PAYEE - BALANCEDCARE BRINGS A HISTORY OF FINANCIAL MANAGEMENT TO HELP VULNERABLE POPULATIONS MANAGE THEIR BENEFIT DOLLARS. ONE OF THE WAYS THIS IS ACHIEVED IS BY SERVING IN THE CAPACITY OF REPRESENTATIVE PAYEE. A REPRESENTATIVE PAYEE IS A PERSON OR ENTITY APPOINTED BY SOCIAL SECURITY TO MANAGE BENEFIT PAYMENTS FOR SOMEONE DEEMED UNABLE TO DO SO ON THEIR OWN.VA FEDERAL FIDUCIARY - A VA FEDERALLY APPOINTED FIDUCIARY IS AN ENTITY WHO WORKS IN CONJUNCTION WITH THE U.S. DEPARTMENT OF VETERAN AFFAIRS TO ASSURE THAT A DISABLED VETERAN OR THEIR LOVED ONE'S BENEFIT DOLLARS ARE NOT BEING MISMANAGED. (CONTINUED ON SCHEDULE O)POOLED TRUST - A POOLED TRUST IS A SPECIAL TYPE OF TRUST THAT ALLOWS INDIVIDUALS OF ANY AGE TO BECOME FINANCIALLY ELIGIBLE FOR PUBLIC ASSISTANCE BENEFITS, SUCH AS MEDICAID HOME CARE, WHILE PRESERVING THEIR MONTHLY INCOME IN TRUST FOR LIVING EXPENSES AND SUPPLEMENTAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Saresky Vice-Chair | OfficerTrustee | 0.2 | $0 |
Terry Allenbrandt Treasurer | OfficerTrustee | 0.2 | $0 |
John Christner III Secretary | OfficerTrustee | 0.2 | $0 |
Steve Phillips Chairman | OfficerTrustee | 0.2 | $0 |
Jason Tracy Chief Executive Officer | Officer | 10 | $0 |
Heather Bach Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,214 |
| Total Program Service Revenue | $926,128 |
| Investment income | $0 |
| 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 | $953,003 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $479,961 |
| Pension plan accruals and contributions | $14,749 |
| Other employee benefits | $91,940 |
| Payroll taxes | $39,539 |
| Fees for services: Management | $36,000 |
| 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 | $20,820 |
| Advertising and promotion | $11,692 |
| Office expenses | $97,844 |
| Information technology | $47,311 |
| Royalties | $0 |
| Occupancy | $45,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,627 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,190 |
| Insurance | $25,468 |
| All other expenses | $3,177 |
| Total functional expenses | $953,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,438 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,479 |
| 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 | $5,364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,467,514 |
| Total assets | $9,549,795 |
| Accounts payable and accrued expenses | $19,698 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $9,374,498 |
| 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 | $93,888 |
| Total liabilities | $9,488,084 |
| Net assets without donor restrictions | $61,711 |
| 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 | $9,549,795 |
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