Seniors Resource Center Inc
- Assets
- $12.7m
- Revenue
- $4.6m
- Investments
- $3.8m
- Employees
- 82
- Location
- Denver, CO
- Founding
- 10/1982
- Data as of
- 12/2023
- EIN
- 84-0877538
Organization Overview
Seniors Resource Center Inc is located in Denver, CO. The organization was established in 1982. 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, Seniors Resource Center Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seniors Resource Center 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 12/2023, Seniors Resource Center Inc generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SENIORS' RESOURCE CENTER (THE ORGANIZATION) IS A COLORADO NONPROFIT ORGANIZATION AND A COMMUNITY PARTNER PROVIDING PERSON-FOCUSED, COORDINATED SERVICES TO ENHANCE INDEPENDENCE, DIGNITY AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICES: 1) IN-HOME CARE - PROVIDE CARE TO "HOME AND COMMUNITY BASED SERVICE" ELIGIBLE SENIORS TO ENABLE THEM TO STAY IN THEIR HOME RATHER THAN BEING INSTITUTIONALIZED. CAREGIVERS PROVIDE SERVICES SUCH AS PERSONAL CARE, MINOR TREATMENT, NUTRITION AND LIGHT HOUSEKKEEPING. 2) CARE MANAGEMENT - LICENSED OR DEGREED M.S.W. AND TRAINED STAFF PROVIDE INFORMATION AND REFERRALS, EMERGENCY AND VICTIM'S ASSISTANCE AND COUNSELING TO SENIORS INCLUDING TRAINED VOLUNTEERS WHO SERVE AS PEER COUNSELORS FOR SENIORS EXPERIENCING ADJUSTMENT OR EMOTIONAL PROBLEMS.
ADULT DAY & RESPITE CARE SERVICE - ADULT DAYCARE FOR SENIORS REQUIRING SPECIAL ATTENTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Hafner Vice Chair | OfficerTrustee | 2 | $0 |
Rashelle Shone Treasurer | OfficerTrustee | 2 | $0 |
Jessica Dunbar Chair | Trustee | 1 | $0 |
Lita Gil-Smith Director | Trustee | 1 | $0 |
Kristin Morris Director | Trustee | 1 | $0 |
Rochelle Flayter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,357,215 |
| All other contributions, gifts, grants, and similar amounts not included above | $618,868 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,976,083 |
| Total Program Service Revenue | $496,396 |
| Investment income | $118,820 |
| 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 | $4,647,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $406,999 |
| 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 | $2,568,603 |
| Pension plan accruals and contributions | $57,858 |
| Other employee benefits | $145,136 |
| Payroll taxes | $202,127 |
| 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 | $200,433 |
| Advertising and promotion | $119,940 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,229 |
| 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 | $275,719 |
| Insurance | $63,804 |
| All other expenses | $66,193 |
| Total functional expenses | $4,646,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,949 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $855,229 |
| Accounts receivable, net | $67,320 |
| 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 | $76,202 |
| Net Land, buildings, and equipment | $6,043,188 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,832,226 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,305,382 |
| Total assets | $12,703,496 |
| Accounts payable and accrued expenses | $277,083 |
| Grants payable | $0 |
| Deferred revenue | $74,397 |
| 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 | $11,807 |
| Total liabilities | $363,287 |
| Net assets without donor restrictions | $11,699,924 |
| Net assets with donor restrictions | $640,285 |
| 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 | $12,703,496 |