Aging Services Inc
- Assets
- $11.8m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 32
- Location
- Hiawatha, IA
- Founding
- 07/1972
- Data as of
- 12/2021
- EIN
- 23-7085316
Organization Overview
Aging Services Inc is located in Hiawatha, IA. The organization was established in 1972. 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 Services Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aging Services 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 Services Inc generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES AND RESOURCES TO ASSIST OLDER ADULTS IN REMAINING IN THEIR HOME.
Describe the Organization's Program Activity:
MILESTONES & PATHWAYS ADULT DAY HEALTH CENTERS SERVED 545 CONSUMERS AND CAREGIVERS BY PROVIDING ADULT DAY SERVICES TO HEALTH-CHALLENGED INDIVIDUALS WHO MAY REQUIRE SUPPORT, SUPERVISION, AND STRUCTURE TO REMAIN AS INDEPENDENT AS POSSIBLE. WITHOUT THESE PROGRAMS, INDIVIDUALS WOULD BE FORCED TO MOVE TO NURSING HOMES OR OTHER CARE FACILITIES AT A MUCH HIGHER COST.
THE HOME ACCESSIBILITY & REPAIR PROGRAM COMPLETED 2,075 PROJECTS INCLUDING LAWN MOWING, SNOW REMOVAL AND MINOR HOME REPAIRS FOR 199 LOW-INCOME OLDER ADULTS ON A SLIDING FEE SCALE WHICH KEEPS PROPERTY OWNERS IN COMPLIANCE WITH CITY REGULATIONS AND ALLOWS SENIORS TO REMAIN SAFELY AT HOME.
RESOURCE & REFERRAL SERVED 816 OLDER ADULTS BY COORDINATING SERVICES THAT ALLOWED THEM TO REMAIN IN THEIR OWN HOMES IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peg Bradke - Board Member To 0521 Board Secretary (fr 06/21) | OfficerTrustee | 1 | $0 |
Jim Spencer To 521 Board Secretary | OfficerTrustee | 1 | $0 |
Robert Mcmahan Board Vice Chair | OfficerTrustee | 1 | $0 |
Nancy Schoeben Board Treasurer | OfficerTrustee | 1 | $0 |
Philip Wasta Board Chair | OfficerTrustee | 1 | $0 |
Kathleen Horan President & CEO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $348,994 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $600,464 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,054,348 |
| Total Program Service Revenue | $1,708,733 |
| Investment income | $137,211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $545,506 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,445,855 |
| 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 | $1,044,056 |
| Pension plan accruals and contributions | $36,886 |
| Other employee benefits | $272,920 |
| Payroll taxes | $74,622 |
| Fees for services: Management | $224,800 |
| 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 | $21,439 |
| Fees for services: Other | $154,651 |
| Advertising and promotion | $4,986 |
| Office expenses | $157,942 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $247,842 |
| Travel | $2,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,464 |
| Interest | $17,411 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $262,909 |
| Insurance | $9,329 |
| All other expenses | $0 |
| Total functional expenses | $2,556,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,880 |
| Savings and temporary cash investments | -$216,772 |
| Pledges and grants receivable | $29,234 |
| Accounts receivable, net | $136,591 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $29 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,124 |
| Net Land, buildings, and equipment | $2,528,849 |
| Investments—publicly traded securities | $5,167,058 |
| Investments—other securities | $0 |
| Investments—program-related | $160,750 |
| Intangible assets | $0 |
| Other assets | $3,604,351 |
| Total assets | $11,750,094 |
| Accounts payable and accrued expenses | $217,499 |
| 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 | $391,847 |
| Unsecured mortgages and notes payable | $59,184 |
| Other liabilities | $9,170 |
| Total liabilities | $677,700 |
| Net assets without donor restrictions | $10,864,753 |
| Net assets with donor restrictions | $207,641 |
| 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 | $11,750,094 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Aging Services Inc has recieved totaling $335,960.
| Awarding Organization | Amount |
|---|---|
United Way Of East Central Iowa Cedar Rapids, IA PURPOSE: PROGRAM SUPPORT, DISASTER RESPONSE, DONOR DESIGNATION SUPPORT | $270,001 |
United Way Of Johnson & Washington Counties Inc Coralville, IA PURPOSE: FOR PROGRAMS TO EDUCATION, FINANCIAL STABILITY, AND HEALTH AND DONOR DESIGNATED FUNDS | $37,426 |
Home Instead Senior Care Foundation Omaha, NE PURPOSE: SENIOR-FOCUSED PROGRAM | $18,426 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA PURPOSE: ANNUAL DESIGNATED DISTRIBUTION, GENERAL SUPPORT | $10,096 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wesley Community Services Inc Johnston, IA | $11,288,058 | $20,573,990 |
Seniorage Area Agency On Aging Springfield, MO | $4,839,400 | $16,732,131 |
Ilife Llc Milwaukee, WI | $22,539,383 | $15,072,061 |
Senior Services Plus Inc Alton, IL | $10,671,398 | $13,136,947 |
Boone County Senior Citizen Service Corporation Columbia, MO | $7,183,435 | $11,569,288 |
Villa Health Care Inc Sherman, IL | $10,885,574 | $10,322,903 |
Southeast Missouri Area Agency On Aging Cape Girardeau, MO | $2,784,530 | $10,668,134 |
Central Missouri Area Agency On Aging Columbia, MO | $2,065,141 | $9,894,401 |
Northeast Iowa Area Agency On Aging Inc Waterloo, IA | $3,520,816 | $9,481,257 |
Northwestern Illinois Area Agency On Aging Rockford, IL | $1,728,698 | $8,905,917 |
East Central Illinois Area Agency On Aging Inc Bloomington, IL | $4,166,085 | $8,843,240 |
Community Nutrition Network And Senior Services Association North Riverside, IL | $1,942,321 | $8,150,796 |