Milford Senior Center Inc
- Assets
- $1.4m
- Revenue
- $870.3k
- Investments
- $0.0
- Employees
- 23
- Location
- Milford, DE
- Founding
- 04/1974
- Data as of
- 06/2024
- EIN
- 51-0118817
Organization Overview
Milford Senior Center Inc is located in Milford, DE. 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. As of 06/2024, Milford Senior Center Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milford Senior Center 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 06/2024, Milford Senior Center Inc generated $870.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $996.2k during the year ending 06/2024. While expenses have increased by 6.0% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTANCE TO SENIOR CITIZENS
Describe the Organization's Program Activity:
ASSISTANCE TO SENIOR CITIZENS IN THE GREATER MILFORD AREA BY PROVIDING SOCIAL AND RECREATION SEVICES INCLUDED TRANSPORTATION AND MEALS TO HUNDREDS OF THE ELDERLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Hammond President | OfficerTrustee | $0 | |
William Vendetti Vice Preside | OfficerTrustee | $0 | |
Denise Curtis Secretary | OfficerTrustee | $0 | |
Mark Nehra Treasurer | OfficerTrustee | $0 | |
Esther Miller Board Member | Trustee | $0 | |
Joseph Cassey Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,130 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $387,883 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $465,053 |
| Total Program Service Revenue | $259,157 |
| Investment income | $25,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $110,500 |
| 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 | $870,344 |
| 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 | $253,290 |
| Pension plan accruals and contributions | $10,268 |
| Other employee benefits | $2,750 |
| Payroll taxes | $21,174 |
| Fees for services: Management | $5,014 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,457 |
| Office expenses | $37,021 |
| Information technology | $2,546 |
| Royalties | $0 |
| Occupancy | $83,202 |
| Travel | $290 |
| 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 | $59,008 |
| Insurance | $22,684 |
| All other expenses | $122,778 |
| Total functional expenses | $996,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,349 |
| Savings and temporary cash investments | $596,166 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,334 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,854 |
| Prepaid expenses and deferred charges | $23,670 |
| Net Land, buildings, and equipment | $763,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,424,895 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $74,831 |
| 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 | $19,429 |
| Total liabilities | $94,260 |
| Net assets without donor restrictions | $1,330,635 |
| 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 | $1,424,895 |