Community Aging And Retirement Services Inc
- Assets
- $3.2m
- Revenue
- $3.3m
- Investments
- $114.2k
- Employees
- 0
- Location
- Hudson, FL
- Founding
- 09/1974
- Data as of
- 12/2021
- EIN
- 23-7348090
Organization Overview
Community Aging And Retirement Services Inc, operating under the name Cares, is located in Hudson, FL. The organization was established in 1974. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, 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. Cares 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, Cares generated $3.3m 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 (10.5%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARES PROMOTES QUALITY OF LIFE AND INDEPENDENCE FOR ADULTS THROUGH HEALTH, SOCIAL AND SUPPORTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE MANAGED SERVICE POOL. THIS IS A GRANT AND FEE SUPPORTED PROGRAM PROVIDING IN-HOME SUPPORT SERVICES TO ELDERLY CLIENTS TO PREVENT INSTITUTIONALIZATION. SUPPORT SERVICES INCLUDE HOMEMAKING, PERSONAL CARE, RESPITE CARE FOR CAREGIVERS, COMPANIONSHIP, HOME DELIVERED MEALS, EMERGENCY ALERT RESPONSE UNITS, MEDICAL TRANSPORTATION, AND FINANCIAL RISK REDUCTION. DURING 2021, A TOTAL OF 69,849 UNITS OF SERVICE WERE PROVIDED TO 733 CLIENTS.
SENIOR CARE CENTERS: CARES SENIOR CENTERS HELPS TO ENRICH THE LIVES AND MINDS OF OLDER ADULTS BY OFFERING A WIDE VARIETY OF SOCIAL, RECREATIONAL, WELLNESS, COMPUTER LEARNING AND OTHER EDUCATIONAL PROGRAMS
ADULT DAY CARE SERVICES IN PASCO COUNTY: THIS IS A FEDERAL STATE, & LOCALLY FUNDED PROGRAM PROVIDING AN ARRAY OF HEALTH, SOCIAL AND OTHER RELATED SUPPORT SERVICES TO FUNCTIONALLY AND/OR IMPAIRED ADULTS IN COMMUNITY BASED ADULT DAY CARE CENTERS LOCATED IN EAST (DADE CITY) AND WEST (NEW PORT RICHEY) PASCO COUNTY.DURING 2021, A TOTAL OF 19,553 UNITS OF SERVICE WERE PROVIDED TO 75 CLIENTS.
OTHER PROGRAM SERVICE FEES & REVENUE INCLUDE AMOUNTS RELATED TO THE SENIOR HEALTH CLINIC AND VETERAN SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jemith Rosa President And CEO | OfficerTrustee | 45 | $115,565 |
Michael Neumann CFO | OfficerTrustee | 40 | $87,568 |
Amanda Hart Director | Trustee | 1 | $0 |
Barbara Sharp Chair | Trustee | 1 | $0 |
Lisa Parisi Director | Trustee | 1 | $0 |
Chris Kaduk Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
People Employee Leasing/health Ins | 12/30/18 | $2,617,494 |
Home Instead Senior Care Home Health Care | 12/30/18 | $207,876 |
Utopia Home Care Inc Home Health Care | 12/30/18 | $156,120 |
Health Aid Company Home Health Care Supplies | 12/30/18 | $121,486 |
Bayada Home Health Care Inc Home Health Care | 12/30/18 | $229,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,528,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,669,907 |
| Total Program Service Revenue | $590,329 |
| Investment income | $2,468 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,286,951 |
| 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. | $276,265 |
| Compensation of current officers, directors, key employees. | $45,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,073,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $201,067 |
| Payroll taxes | $239,269 |
| Fees for services: Management | $25,504 |
| Fees for services: Legal | $12,213 |
| Fees for services: Accounting | $36,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,296 |
| Advertising and promotion | $24,335 |
| Office expenses | $18,209 |
| Information technology | $46,610 |
| Royalties | $0 |
| Occupancy | $70,820 |
| Travel | $12,896 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,078 |
| Insurance | $65,690 |
| All other expenses | $0 |
| Total functional expenses | $3,529,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,090 |
| Savings and temporary cash investments | $482,935 |
| Pledges and grants receivable | $414,395 |
| Accounts receivable, net | $50,736 |
| 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 | $9,318 |
| Net Land, buildings, and equipment | $1,881,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $114,199 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,181,335 |
| Accounts payable and accrued expenses | $86,647 |
| Grants payable | $0 |
| Deferred revenue | $2,670 |
| 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 | $882,942 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $972,259 |
| Net assets without donor restrictions | $2,209,076 |
| 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 | $3,181,335 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Aging And Retirement Services Inc has recieved totaling $9,875.
| Awarding Organization | Amount |
|---|---|
Pasco Tc Gives Inc Dade City, FL PURPOSE: AWARENESS/SUPPORT | $9,875 |
Endowment Analysis
| Beg. Balance | $103,728 |
| Earnings | $15,657 |
| Grants | $5,186 |
| Ending Balance | $114,199 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Senior Life Inc Orange Beach, AL | $9,773,868 | $15,042,221 |
Legacy Link Inc Oakwood, GA | $6,797,475 | $15,898,819 |
Senior Friendship Centers Inc Sarasota, FL | $7,718,507 | $14,603,342 |
Osceola County Council On Aging Inc Kissimmee, FL | $13,037,734 | $12,220,909 |
Urban Jacksonville Inc Jacksonville, FL | $2,757,094 | $11,252,205 |
Seniors First Inc Orlando, FL | $6,851,781 | $11,637,744 |
Senior Resource Association Inc Vero Beach, FL | $8,451,847 | $10,763,473 |
Area Agency On Aging For North Florida Inc Tallahassee, FL | $2,078,235 | $9,162,793 |
Mae Volen Senior Center Inc Boca Raton, FL | $17,425,288 | $9,257,100 |
Neighborly Care Network Inc Clearwater, FL | $5,766,018 | $8,221,648 |
Middle Flint Council On Aging Inc Americus, GA | $21,707,476 | $7,638,632 |
Northwest Florida Area Agency On Aging Inc Pensacola, FL | $2,361,311 | $7,201,012 |