Silversource Inc
- Assets
- $15.4m
- Revenue
- $1.4m
- Investments
- $15.0m
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 02/1935
- Data as of
- 02/2022
- EIN
- 06-0646916
Organization Overview
Silversource Inc is located in Stamford, CT. The organization was established in 1935. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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. Silversource 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 02/2022, Silversource Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.2%) each year. All expenses for the organization totaled $1.4m during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING STABILITY SUPPORT FOR EVICTION PROTECTION; HOUSING FOR HOMELESS SENIORS AND SAFETY EQUIPMENT.
PROVIDED FINANCIAL ASSISTANCE FOR BASIC NEEDS FOR FOOD AND ESSENTIAL MEDICAL CARE.
PROVIDED MEDICAL TRANSPORTATION AND FINANCIAL SUPPORT FOR SENIOR TRANSPORTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Bordelon Chief Executive Officer | 40 | $139,140 | |
Marianne Delaney Chief Development Of | 40 | $103,646 | |
Alison Heim Director Of Social W | 40 | $77,748 | |
Len Schwartz Trustee | 1 | $0 | |
Sheila L Romanowitz Trustee | 1 | $0 | |
Thomas Getreuer DDS Board Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $466,203 |
| Interest on Savings | $0 |
| Dividends & Interest | $359,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $481,285 |
| Capital Gain Net Income | $481,285 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $119,986 |
| Total Revenue | $1,427,156 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $151,654 |
| Other employee salaries and wages | $466,882 |
| Pension plans, employee benefits | $47,466 |
| Interest | $0 |
| Taxes | $66,388 |
| Depreciation | $10,383 |
| Occupancy | $78,469 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $457,449 |
| Total operating and administrative expenses | $1,388,193 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,388,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,573 |
| Savings and temporary cash investments | $161,995 |
| Net Accounts receivable | $32,910 |
| Net Pledges Receivable | $0 |
| Grants receivable | $6,487 |
| 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 | $33,418 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,995,738 |
| Net Land, buildings, and equipment | $12,740 |
| Other assets | $9,171 |
| Total assets | $15,352,228 |
| Accounts payable and accrued expenses | $114,878 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $129,878 |
Grants Awarded
Over the last fiscal year, Silversource Inc has awarded $357,310 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE TO 270 INDIVIDUALS LIVIN PURPOSE: LIVING ASSISTANCE | $190,508 |
ASSISTANCE TO 170 INDIVIDUALS MEDIC PURPOSE: MEDICAL ASSISTANCE | $110,505 |
ASSISTANCE TO 80 INDIVIDUALS HOME C PURPOSE: HOME CARE | $49,475 |
ASSISTANCE TO 55 INDIVIDUALS TRANSP PURPOSE: TRANSPORTATION ASSISTANCE | $6,822 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Silversource Inc has recieved totaling $190,675.
| Awarding Organization | Amount |
|---|---|
Southwestern Connecticut Agency On Aging Inc Bridgeport, CT PURPOSE: ELDERLY NUTRITION / HOME CARE SERVICES | $100,000 |
Point72 Employee Directed Giving Foundation Stamford, CT PURPOSE: GENERAL SUPPORT | $25,000 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $19,000 |
George J & Jessica Harris Foundation Stamford, CT PURPOSE: PROVIDES A SAFTY NET FOR OLDER RESIDENTS IN NEED | $15,000 |
Rich Foundation Inc Stamford, CT PURPOSE: GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY | $12,000 |
Randolph Foundation New York, NY PURPOSE: FGP - MICHAEL JACKSON GENERAL SUPPORT | $6,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family And Childrens Association Garden City, NY | $18,906,082 | $21,671,282 |
Innocence Project Inc New York, NY | $73,728,840 | $39,853,614 |
The Access Agency Inc Willimantic, CT | $5,450,809 | $18,469,051 |
Ahavat Yisroel Humanity Inc Brooklyn, NY | $8,284,254 | $21,769,721 |
Family & Childrens Agency Inc Norwalk, CT | $7,156,227 | $18,049,898 |
Pro Action Of Steuben And Yates Inc Bath, NY | $5,623,306 | $16,689,499 |
Ibero-American Action League Inc Rochester, NY | $5,689,944 | $13,857,002 |
Roxbury Tenants Of Harvard Association Inc Boston, MA | $107,579,482 | $10,061,394 |
Cfs Self-Directed Supports Inc New York, NY | $2,767,329 | $14,659,181 |
Mohawk Valley Community Action Agency Inc Utica, NY | $3,321,738 | $14,321,555 |
Aids Vaccine Advocacy Coalition New York, NY | $6,185,031 | $10,789,806 |
Murmuration Inc New York, NY | $61,693,994 | $72,332,143 |