Center For Seniors
- Assets
- $29.4m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 73
- Location
- Wheeling, IL
- Founding
- 06/1993
- Data as of
- 06/2024
- 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 06/2024, Center For Seniors employed 73 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 06/2024, Center For Seniors generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $3.8m during the year ending 06/2024. While expenses have increased by 10.8% per year over the past 4 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
2024
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 |
Kay Kim Director | Trustee | 1 | $0 |
Sung Kyun Jung Director | Trustee | 1 | $0 |
Jai Noh Director | Trustee | 1 | $0 |
Jung Eun Kim Treasurer | Officer | 3 | $0 |
Kenneth Kim Secretary | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,782,947 |
| All other contributions, gifts, grants, and similar amounts not included above | $591,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,374,110 |
| Total Program Service Revenue | $0 |
| Investment income | $467,349 |
| 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 | $6,946,739 |
| 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. | $72,721 |
| Compensation of current officers, directors, key employees. | $72,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,896,782 |
| Pension plan accruals and contributions | $40,352 |
| Other employee benefits | $0 |
| Payroll taxes | $143,999 |
| Fees for services: Management | $77,597 |
| Fees for services: Legal | $2,250 |
| Fees for services: Accounting | $24,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,200 |
| Office expenses | $93,266 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,098 |
| 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 | $416,410 |
| Insurance | $72,063 |
| All other expenses | $275,427 |
| Total functional expenses | $3,832,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,829,200 |
| Savings and temporary cash investments | $12,226,072 |
| 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 | $14,376,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,000 |
| Total assets | $29,446,896 |
| 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 | $52,578 |
| Total liabilities | $52,578 |
| Net assets without donor restrictions | $28,433,017 |
| Net assets with donor restrictions | $961,301 |
| 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 | $29,446,896 |