Aging Well Inc
- Assets
- $391.7k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 21
- Location
- Woonsocket, RI
- Founding
- 12/1975
- Data as of
- 12/2021
- EIN
- 05-0355098
Organization Overview
Aging Well Inc is located in Woonsocket, RI. The organization was established in 1975. 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 12/2021, Aging Well Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aging Well 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 12/2021, Aging Well Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $865.7k during the year ending 12/2021. 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
THE MISSION OF AGING WELL, INC. IS TO PROMOTE HEALTHY AGING THROUGH PROGRAMS, SERVICES AND RESOURCES TO ENHANCE AND ENRICH THE LIVES OF ADULTS AGE FIFTY-FIVE AND OLDER AND ADULTS WITH DISABILITIES THROUGHOUT THE COMMUNITIES WE SERVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
NUTRITION SERVICES - PROVIDES OLDER PERSONS WITH NUTRITIONAL MEALS, APPROPRIATE NUTRITIONAL EDUCATION, AND OTHER NUTRITIONAL SERVICES.
ADULT DAY CARE - PROVIDES ELDERLY DAY CARE
SUPPORT SERVICES - PROVIDES INFORMATION AND REFERRAL AND WELLNESS PROGRAM
OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Waterman Executive Director | OfficerTrustee | 35 | $61,883 |
Linda Paul Finance Director | Officer | 35 | $43,862 |
Robert Picard Chairman | OfficerTrustee | 1 | $0 |
Claudette Remillard Secretary | OfficerTrustee | 0.5 | $0 |
Lisa M Carcifero Vice Chairman | OfficerTrustee | 0.5 | $0 |
Madeleine L'esperance Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $902,777 |
| All other contributions, gifts, grants, and similar amounts not included above | $240 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $903,017 |
| Total Program Service Revenue | $122,812 |
| 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 | $11,451 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,037,280 |
| 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 | $446,389 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,868 |
| Payroll taxes | $48,412 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $5,700 |
| Insurance | $12,679 |
| All other expenses | $9,060 |
| Total functional expenses | $865,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,326 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $110,632 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $316 |
| Prepaid expenses and deferred charges | $14,310 |
| Net Land, buildings, and equipment | $9,129 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $391,713 |
| Accounts payable and accrued expenses | $63,528 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $450 |
| Total liabilities | $63,978 |
| Net assets without donor restrictions | $327,735 |
| 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 | $391,713 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aging Well Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: WOONSOCKET DIGIAGE PILOT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Element Care Inc Lynn, MA | $83,865,974 | $102,077,849 |
Mystic Valley Elder Services Inc Malden, MA | $29,895,171 | $79,691,071 |
Central Boston Elder Services Inc Boston, MA | $36,084,793 | $71,391,953 |
Springwell Inc Waltham, MA | $26,869,035 | $61,604,301 |
Southwest Boston Senior Services Inc Jamaica Plain, MA | $18,738,837 | $50,976,438 |
Boston Senior Home Care Inc Boston, MA | $18,709,649 | $46,611,722 |
Elder Services Of Cape Cod And The Islands Inc South Dennis, MA | $14,977,853 | $43,360,495 |
Serenity Care Inc Andover, MA | $11,753,267 | $39,517,689 |
Bristol Elder Services Inc Fall River, MA | $23,803,109 | $36,848,253 |
Greater Springfield Senior Services Inc Springfield, MA | $23,398,762 | $36,731,351 |
Somerville-Cambridge Elder Services Incorporated Somerville, MA | $26,836,621 | $36,599,591 |
Coastline Elderly Services Inc New Bedford, MA | $19,634,837 | $33,973,861 |