Elderserve Inc
- Assets
- $1.4m
- Revenue
- $941.4k
- Investments
- $0.0
- Employees
- 26
- Location
- Louisville, KY
- Founding
- 02/1968
- Data as of
- 06/2022
- EIN
- 61-6024140
Organization Overview
Elderserve Inc is located in Louisville, KY. The organization was established in 1968. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Elderserve Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elderserve 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, Elderserve Inc generated $941.4k 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 (14.2%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 7 years. 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
ELDERSERVE, INC. PROVIDES SERVICES EMPOWER OLDER ADULTS TO LIVE INDEPENDENTLY WITH DIGNITY IN LOUISVILLE/JEFFERSON COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL SERVICES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patty Belden CEO | OfficerTrustee | 37.5 | $99,000 |
Steve Schulz President | Trustee | 1 | $0 |
Paticia Mcgillan Vice President | Trustee | 1 | $0 |
Eric Schrenger Secretary | Trustee | 1 | $0 |
Julia Meredith Treasurer | Trustee | 1 | $0 |
Allison Harris Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $742,989 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,892 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $891,881 |
| Total Program Service Revenue | $5,289 |
| Investment income | $835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,471 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $941,391 |
| 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. | $101,813 |
| Compensation of current officers, directors, key employees. | $2,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $350,013 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,661 |
| Payroll taxes | $37,739 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,195 |
| Advertising and promotion | $100 |
| Office expenses | $14,415 |
| Information technology | $12,126 |
| Royalties | $0 |
| Occupancy | $101,233 |
| Travel | $2,030 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,596 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,172 |
| Insurance | $60,963 |
| All other expenses | $3,744 |
| Total functional expenses | $1,126,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,376 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,032 |
| 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 | $5,370 |
| Net Land, buildings, and equipment | $1,155,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $152,472 |
| Total assets | $1,376,544 |
| Accounts payable and accrued expenses | $63,405 |
| 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 | $3,657 |
| Secured mortgages and notes payable | $267,371 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $157,830 |
| Total liabilities | $492,263 |
| Net assets without donor restrictions | $703,273 |
| Net assets with donor restrictions | $181,008 |
| 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 | $1,376,544 |