Elder Center Inc is located in Statesville, NC. The organization was established in 1987. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Elder Center Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elder 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 06/2022, Elder Center Inc generated $186.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $227.3k during the year ending 06/2022. 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
ELDERLY DAYCARE FACILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAYCARE FOR THE ELDERLY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tammie Money Program Director | Officer | 40 | $43,280 |
Melissa D Cleary Housekeeper | Officer | 40 | $28,474 |
Paula C Cress Administrative Director | Officer | 25 | $14,352 |
Janice Walker Activities Coordinator | Officer | 40 | $12,008 |
Starr Harris Cook | Officer | 40 | $5,788 |
Joni Stone Director Marketing | Trustee | 1 | $3,964 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $24,043 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $55,366 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $79,409 |
Total Program Service Revenue | $92,563 |
Investment income | $656 |
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 | $186,907 |
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. | $43,280 |
Compensation of current officers, directors, key employees. | $4,328 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $74,046 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $24,401 |
Payroll taxes | $9,033 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $12,566 |
Advertising and promotion | $1,422 |
Office expenses | $983 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $12,004 |
Travel | $409 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $6,766 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $29,321 |
Insurance | $5,084 |
All other expenses | $0 |
Total functional expenses | $227,338 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $914 |
Savings and temporary cash investments | $123,457 |
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 | $358,274 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $482,645 |
Accounts payable and accrued expenses | $3,331 |
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 | $163,020 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $166,351 |
Net assets without donor restrictions | $79,919 |
Net assets with donor restrictions | $236,375 |
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 | $482,645 |
Over the last fiscal year, we have identified 1 grants that Elder Center Inc has recieved totaling $16.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Organization Name | Assets | Revenue |
---|---|---|
Arbor Acres United Methodist Retirement Community Inc Winstonsalem, NC | $155,220,604 | $40,394,713 |
Chapel Hill Residential Retirement Center Inc Chapel Hill, NC | $120,640,930 | $31,949,437 |
Carolina Village Inc Hendersonville, NC | $124,169,436 | $34,185,742 |
Galloway Ridge Inc Pittsboro, NC | $130,866,786 | $36,150,184 |
Virginia Lutheran Homes Inc Roanoke, VA | $83,707,371 | $28,580,430 |
The Glebe Inc Glen Allen, VA | $79,347,451 | $20,057,701 |
Cypress Of Charlotte Club Inc Charlotte, NC | $4,602,507 | $19,033,502 |
Lavender Mountain Senior Living Inc Mount Berry, GA | $141,195,331 | $5,176,789 |
Cypress Club Inc Hilton Head Island, SC | $31,122,152 | $20,067,120 |
Alliance Foundation Of Florida Inc Fairfax, VA | $3,980,019 | $2,209,632 |
Skidaway Health And Living Services Inc Savannah, GA | $89,340,251 | $17,567,308 |
Lake Prince Center Inc Newton, NC | $22,105,583 | $13,762,352 |