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Nonprofiteer
← ELDERLIFE INC

Form 990 for tax year 2024

Filed by ELDERLIFE INC.

Totals

Total revenue
$1,236,968
Total expenses
$1,328,259
Contributions and grants received
$286,660
Grants paid
$0
Program service revenue
$938,684
Investment income
$1,567
Other revenue
$10,057
Total assets, end of year
$2,708,911
Total liabilities, end of year
$250,714
Net assets or fund balances, end of year
$2,458,197
Program services expenses (Part IX)
$1,071,343
Management and general expenses
$207,658
Fundraising expenses
$49,258
Program service expenses (Part III)
$1,071,343

Program services were 80.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $32,960

  • 1f · All other contributions, gifts and grants

    $253,700

  • 2a · Program service revenue: FEE FOR SERVICE

    total $883,695 · related or exempt $883,695

  • 2b · Program service revenue: TRIP INCOME

    total $34,379 · related or exempt $34,379

  • 2c · Program service revenue: FITNESS CENTER DUES

    total $20,610 · related or exempt $20,610

  • 3 · Investment income

    total $1,567 · related or exempt $1,567

  • 8a · Fundraising events: gross income

    $14,750

  • 8b · Fundraising events: direct expenses

    $12,214

  • 8c · Net income from fundraising events

    total $2,536 · excluded $2,536

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $7,521 · related or exempt $7,521

  • 11e · Other revenue, total

    $7,521

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $550,089 · program services $456,574 · management and general $55,009 · fundraising $38,506

  • 8 · Pension plan contributions

    total $7,570 · program services $6,283 · management and general $757 · fundraising $530

  • 10 · Payroll taxes

    total $64,333 · program services $53,397 · management and general $6,433 · fundraising $4,503

  • 11c · Fees: accounting

    total $23,966 · program services $4,793 · management and general $19,173

  • 13 · Office expenses

    total $13,688 · program services $6,844 · management and general $5,475 · fundraising $1,369

  • 16 · Occupancy

    total $305,986 · program services $244,789 · management and general $61,197

  • 19 · Conferences, conventions and meetings

    total $17,013 · program services $15,312 · management and general $1,701

  • 22 · Depreciation, depletion and amortization

    total $77,960 · program services $46,776 · management and general $31,184

  • 23 · Insurance

    total $23,647 · program services $18,918 · management and general $4,729

  • 24a · Other expenses: PROGRAMS AND SUPPLIES

    total $124,586 · program services $124,586

  • 24b · Other expenses: COMMUNICATIONS

    total $87,008 · program services $65,256 · management and general $17,402 · fundraising $4,350

  • 24c · Other expenses: VOLUNTEER SERVICES

    total $18,722 · program services $18,722

  • 24d · Other expenses: THIRFT STORE ADMIN

    total $7,693 · program services $7,693

  • 24e · All other expenses

    total $5,998 · program services $1,400 · management and general $4,598

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $773,683 · end of year $434,265

  • 4 · Accounts receivable

    beginning of year $304,051 · end of year $190,833

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,121 · end of year $8,121

  • 10a · Land, buildings and equipment: cost or other basis

    $2,361,958

  • 10b · Land, buildings and equipment: accumulated depreciation

    $286,266

  • 10c · Land, buildings and equipment, net

    beginning of year $1,919,085 · end of year $2,075,692

  • 17 · Accounts payable and accrued expenses

    beginning of year $637,650 · end of year $250,714

  • 27 · Net assets without donor restrictions

    beginning of year $2,350,388 · end of year $2,458,197

  • 28 · Net assets with donor restrictions

    beginning of year $16,902 · end of year $0

Mission and programs · 2024

Mission

PROVIDE PROGRAMS AND SERVICES TO INDIVIDUALS 50 YEARS AND OLDER, EMPOWERING THEM TO LIVE HEALTHY AND VIBRANT LIVES.

  • SOCIAL DEVELOPMENT, EDUCATION AND INFORMATIONAL SERVICES FOR SENIORS

    Expenses $1,071,343 · Revenue $947,772

As filed on the 2024 return.

Listed in Part VII

  • Venice Ervin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Lynne Tomaino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Phyllis Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Lucretia Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Edward Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • David Short

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michele Kohl

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Richard Pratt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Diana Koury

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Karen Teachout

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202543149349302579

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