Maria M Love Convalescent Fund
- Assets
- $987.4k
- Revenue
- $117.7k
- Investments
- $206.2k
- Employees
- 1
- Location
- Buffalo, NY
- Founding
- 08/2001
- Data as of
- 06/2023
- EIN
- 16-1609169
Organization Overview
Maria M Love Convalescent Fund is located in Buffalo, NY. The organization was established in 2001. 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. Maria M Love Convalescent Fund 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 06/2023, Maria M Love Convalescent Fund generated $117.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $142.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 5 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
TO PROVIDE INTERIM FINANCIAL ASSISTANCE IN ORDER TO PROMOTE INDEPENDENCE AND ENHANCE THE QUALITY OF LIFE FOR ERIE COUNTY, NEW YORK RESIDENTS WITH MEDICALLY RELATED CONDITIONS WHO MAY BE TEMPORARILY INELIGIBLE FOR AID FROM TRADITIONAL SOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ASSISTANCE WITH CONVALESCENT CARE, FOOD, MEDICATION, UTILITIES, AND NECESSARY TRAVEL TO ERIE COUNTY, NEW YORK RESIDENTS TO PROMOTE INDEPENDENCE & ENHANCE THE QUALITY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Stevens Executive Director | 2 | $28,020 | |
Julie Gicewicz President | OfficerTrustee | 2 | $0 |
Nandita Sharma Vice President | OfficerTrustee | 2 | $0 |
Marcia Found Hawkes Secretary | OfficerTrustee | 2 | $0 |
Theresa Anderson Treasurer | OfficerTrustee | 2 | $0 |
Patti Deni Membership Chr | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,437 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,146 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,583 |
| Total Program Service Revenue | $0 |
| Investment income | $6,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $71,482 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,710 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,500 |
| 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. | $28,020 |
| Compensation of current officers, directors, key employees. | $28,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,144 |
| Fees for services: Management | $4,132 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,093 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,250 |
| Office expenses | $1,213 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,202 |
| 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 | $0 |
| Insurance | $2,257 |
| All other expenses | $13,963 |
| Total functional expenses | $142,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,665 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,547 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $206,244 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $613,984 |
| Total assets | $987,440 |
| Accounts payable and accrued expenses | $2,209 |
| 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 | $0 |
| Total liabilities | $2,209 |
| Net assets without donor restrictions | $985,231 |
| 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 | $987,440 |
Grants Awarded
Over the last fiscal year, Maria M Love Convalescent Fund has awarded $51,040 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CITY YEAR INC PURPOSE: TO UNITE YOUNG PEOPLE OF ALL BACKGROUNDS FOR A YEAR OF FULL-TIME SERVICE, GIVING THEM THE SKILLS AND OPPORTUNITIES TO CHNAGE THE WORLD AS TUTORS, MENTORS, AND ROLE MODELS, THESE DIVERSE YOUNG LEADERS HELP CHILDREN STAY IN SCHOOL AND ON TRACK, AND TRANSFORM SCHOOLS AND COMMUNITIES ACROSS THE UNITED STATES. | $7,500 |
ELIZABETH PIERCE OLMSTED MD CENTER FOR THE VISUALLY IMPAIRED PURPOSE: TO HELP INDIVIDUALS WITH VISION IMPAIRMENTS, AS WELL AS THOSE WITH OTHER PHYSICAL CHALLENGES, ACHIEVE THEIR HIGHEST LEVELS OF INDEPENDENCE. | $6,500 |
ELMWOOD HEALTH CENTER INC PURPOSE: TO PROVIDE OPTIMAL, COMPASSIONATE, PATIENT CENTERED HEALTH CARE TO THOSE THROUGHOUT THE WESTERN NEW YORK COMMUNITY IN AN OPEN AND ACCESSIBLE MANNER WHEREBY THE UNIQUE NEEDS OF THE PATIENT AS WELL AS THIER FAMILY ARE CENTRAL TO THE DELIVERY OF SERVICES TO EVERYONE. | $7,000 |
BUFFALO THERAPEUTIC RIDING CENTER INC PURPOSE: TO ENHANCE THE DEVELOPMENT AND QUALITY OF LIFE FOR CHILDREN WITH SPECIAL NEEDS IN WESTERN NEW YORK BY PROVIDING AN ACCREDITED THERAPEUTIC RIDING PROGRAM IN A SAFE AND NURTURING ENVIRONMENT. | $5,000 |
HERITAGE CHRISTIAN SERVICES PURPOSE: TO PROVIDE A LIVING AND WORKING ENVIRONMENT THAT SUPPORTS AND RESPECT INDIVIDUAL'S STRENGTHS AND NEEDS, TO PROVIDE OPPORTUNITIES TO MATURE, LEARN, AND GROW IN A LIFE OF DIGNITY, WORTH, AND EXPRESSION. | $5,040 |
THE RURAL OUTREACH CENTER INC PURPOSE: TO PROVIDE SERVICES TO THE RURAL POOR IN THE SOUTHTOWNS OF BUFFALO, NY, THAT FOCUS ON CHILDREN, EDUCATION, AND JOB CREATION, TO ELEVATE THEM OUT OF POVERTY. | $10,000 |