Eldercare Initiatives Inc

Organization Overview

Eldercare Initiatives Inc is located in South Hadley, MA. The organization was established in 2005. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eldercare Initiatives 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 12/2022, Eldercare Initiatives Inc generated $513.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $713.1k during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE A COMMUNITY RESIDENTIAL PROGRAM FOR LOW INCOME ELDERLY

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATE 45 HOUSING UNITS FOR LOW INCOME ELDERLY TENANTS ON A NONPROFITBASIS


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Board, Officers & Key Employees

Name (title)Compensation
Bernice L Bowler
President
$0
Constance A Clancy
Secretary
$0
Francis J Detoma Sr
Treasurer
$0
William Schenker
Director
$0
Patrice C Patla
Director
$0
Marion E Callahan
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$512,271
Investment income $1,269
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 $513,540

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