Andover Home For Aged People
- Assets
- $1.2m
- Revenue
- $33.1k
- Investments
- $980.9k
- Employees
- 0
- Location
- Andover, MA
- Founding
- 11/1974
- Data as of
- 09/2023
- EIN
- 04-6050619
Organization Overview
Andover Home For Aged People is located in Andover, MA. The organization was established in 1974. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Andover Home For Aged People 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 09/2023, Andover Home For Aged People generated $33.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $93.1k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Andover Home For Aged People has awarded 24 individual grants totaling $434,456. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY SERVICES OF THE MERRIMACK VALLEY - ELDER HEALTH
MERIMACK VALLEY YMCA - ACTIVE LIVING CENTER FOR OLDER ADULT
ANDOVER SENIOR CENTER- FOOT CARE FOR ELERLY
CARE DIMENSIONS - HOSPICE CARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Urbelis President | 5 | $1,600 | |
Louise Mckallagat Secretary | 2 | $1,600 | |
Bernice Downs Director | 0 | $0 | |
Jane Morrissey Vice Preside | 2 | $0 | |
Donald Schroeder Treasurer | 8 | $1,600 | |
Sandra Dearborn Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $61 |
| Dividends & Interest | $38,303 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,226 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,138 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,748 |
| Total operating and administrative expenses | $23,536 |
| Contributions, gifts, grants paid | $69,520 |
| Total expenses and disbursements | $93,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,907 |
| Savings and temporary cash investments | $168,681 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $50 |
| Total assets | $1,151,551 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Andover Home For Aged People has awarded $69,520 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CARE DIMENDIONS PURPOSE: HOSPICE CARE | $7,500 |
ANDOVER SENIOR CENTER PURPOSE: FOOT CARE FOR ELDERLY | $16,000 |
MERRIMACK VALLEY YMCA PURPOSE: ACTIVE LIVING CENTER FOR OLDER ADULT | $20,000 |
FAMILY SERVICE INC PURPOSE: ELDER HEALTH CARE SERVICES | $26,020 |