Center For Seniors
- Assets
- $23.3m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 57
- Location
- Wheeling, IL
- Founding
- 06/1993
- Data as of
- 06/2022
- EIN
- 36-3844018
Organization Overview
Center For Seniors is located in Wheeling, IL. The organization was established in 1993. 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 06/2022, Center For Seniors employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Seniors 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 06/2022, Center For Seniors generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 6.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADULT DAY CARE SERVICE TO ELDERLY PERSONS INCLUDING FOOD, HEALTH CARE, TRANSPORTATION, COUNSELING ACTIVITIES AND BILINGUAL ASSISTANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT DAY CARE SERVICE TO ELDERLY PERSONS INCLUDING FOOD, HEALTH CARE, TRANSPORTATION, COUNSELING ACTIVITIES AND BILINGUAL ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jae Kwan Ha Chairman | Officer | 10 | $24,000 |
Kyung Hee Kim Secretary | Officer | 3 | $0 |
Song Ja Kim Treasurer | Officer | 3 | $0 |
Henry S Kim Director | Trustee | 1 | $0 |
Chung Eun Kim Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,425,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $404,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,830,412 |
| Total Program Service Revenue | $0 |
| Investment income | $4,549 |
| 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 | $6,845,774 |
| 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. | $115,936 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,306,757 |
| Pension plan accruals and contributions | $82,675 |
| Other employee benefits | $71,658 |
| Payroll taxes | $133,488 |
| Fees for services: Management | $89,221 |
| Fees for services: Legal | $2,700 |
| Fees for services: Accounting | $27,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,299 |
| Advertising and promotion | $1,594 |
| Office expenses | $23,465 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $126,717 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,243 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $388,594 |
| Insurance | $40,257 |
| All other expenses | $83,030 |
| Total functional expenses | $2,922,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,286,247 |
| Savings and temporary cash investments | $8,973,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $13,002,838 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $23,272,427 |
| Accounts payable and accrued expenses | $0 |
| 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 | $918 |
| Total liabilities | $918 |
| Net assets without donor restrictions | $22,407,108 |
| Net assets with donor restrictions | $864,401 |
| 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 | $23,272,427 |
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 |
Aging And In-Home Services Of Ne In Fort Wayne, IN | $7,041,153 | $13,959,166 |
Ilife Llc Milwaukee, WI | $22,539,383 | $15,072,061 |
Lifestream Services Inc Yorktown, IN | $4,177,827 | $13,863,488 |
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 |