Winchester Seniors Association Trust
- Assets
- $3.2m
- Revenue
- $71.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, MA
- Founding
- 08/1976
- Data as of
- 03/2022
- EIN
- 51-0196372
Organization Overview
Winchester Seniors Association Trust is located in Winchester, MA. The organization was established in 1976. 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. Winchester Seniors Association Trust 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 03/2022, Winchester Seniors Association Trust generated $71.7k 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 (32.3%) each year. All expenses for the organization totaled $107.4k during the year ending 03/2022. 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
THIS TRUST WAS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF THE WINCHESTER SENIORS ASSOCIATION TO OWN AND MAINTAIN A BUILDING FOR SENIOR ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS TRUST WAS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF THE WINCHESTER SENIORS ASSOCIATION, INC TO OWN AND MAINTAIN A BUILDING FOR SENIOR ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ellen Rourke-Falvey Chair Person | OfficerTrustee | 15 | $0 |
David Carlson Treasurer/clerk | OfficerTrustee | 2 | $0 |
Ronald Milauskas Trustee | Trustee | 2 | $0 |
Richard D Norberg Trustee | Trustee | 2 | $0 |
Robert Russo Trustee | Trustee | 2 | $0 |
Eric Harstad Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,000 |
| Total Program Service Revenue | $0 |
| Investment income | $10,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,778 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,652 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35 |
| Advertising and promotion | $0 |
| Office expenses | $20 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $75,970 |
| Insurance | $27,980 |
| All other expenses | $1,855 |
| Total functional expenses | $107,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,129 |
| Savings and temporary cash investments | $6,861 |
| 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 | $22,169 |
| Net Land, buildings, and equipment | $2,180,746 |
| Investments—publicly traded securities | $924,486 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,155,391 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,155,391 |
| 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 | $3,155,391 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Winchester Seniors Association Trust has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Winchester Mount Vernon House Winchester, MA PURPOSE: HELPING SENIOR CITIZENS | $10,000 |
Endowment Analysis
| Beg. Balance | $688,040 |
| Earnings | -$55,622 |
| Admin Expense | $914 |
| Net Contributions | $72,403 |
| Other Expense | $139,003 |
| Ending Balance | $564,904 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Element Care Inc Lynn, MA | $83,865,974 | $102,077,849 |
Mystic Valley Elder Services Inc Malden, MA | $29,895,171 | $79,691,071 |
Central Boston Elder Services Inc Boston, MA | $36,084,793 | $71,391,953 |
Springwell Inc Waltham, MA | $26,869,035 | $61,604,301 |
Jewish Association For Services For The Aged New York, NY | $34,581,080 | $57,474,811 |
Southwest Boston Senior Services Inc Jamaica Plain, MA | $18,738,837 | $50,976,438 |
Boston Senior Home Care Inc Boston, MA | $18,709,649 | $46,611,722 |
Riseboro Community Partnership Inc Brooklyn, NY | $38,504,143 | $46,795,171 |
Elder Services Of Cape Cod And The Islands Inc South Dennis, MA | $14,977,853 | $43,360,495 |
Serenity Care Inc Andover, MA | $11,753,267 | $39,517,689 |
Foundation For The Elderly Inwood, NY | $9,324,447 | $36,299,710 |
Bristol Elder Services Inc Fall River, MA | $23,803,109 | $36,848,253 |