Skip to content
Nonprofiteer
← SILVER KEY SENIOR SERVICES

Form 990 for tax year 2023

Filed by SILVER KEY SENIOR SERVICES.

Totals

Total revenue
$12,666,255
Total expenses
$7,985,186
Contributions and grants received
$10,868,127
Grants paid
$1,670,782
Program service revenue
$683,393
Investment income
$920,341
Other revenue
$194,394
Total assets, end of year
$19,380,888
Total liabilities, end of year
$686,915
Net assets or fund balances, end of year
$18,693,973
Program services expenses (Part IX)
$7,235,109
Management and general expenses
$436,218
Fundraising expenses
$313,859
Program service expenses (Part III)
$7,235,109

Program services were 90.6% 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.

  • 1a · Federated campaigns

    $30,224

  • 1d · Related organizations

    $324,248

  • 1e · Government grants (contributions)

    $6,753,338

  • 1f · All other contributions, gifts and grants

    $3,760,317

  • 1g · Noncash contributions included above

    $1,653,649

  • 2a · Program service revenue: DEVELOPER FEES

    total $297,365 · related or exempt $297,365

  • 2b · Program service revenue: HOME DELIVERED MEALS

    total $240,241 · related or exempt $240,241

  • 2c · Program service revenue: SENIOR SERVICES

    total $145,787 · related or exempt $145,787

  • 3 · Investment income

    total $273,957 · excluded $273,957

  • 6a · Gross rents

    real property $337,634

  • 6b · Less rental expenses

    real property $154,684

  • 6c · Rental income or loss

    real property $182,950

  • 6d · Net rental income or loss

    total $182,950 · unrelated business $8,939 · excluded $174,011

  • 7a · Gross sales of assets other than inventory

    securities $190,195 · other assets $1,500,000

  • 7b · Less cost or other basis and sales expenses

    securities $53,590 · other assets $990,221

  • 7c · Gain or loss

    securities $136,605 · other assets $509,779

  • 7d · Net gain or loss

    total $646,384 · excluded $646,384

  • 10a · Gross sales of inventory

    $285,070

  • 10b · Cost of goods sold

    $290,872

  • 10c · Net income from sales of inventory

    total -$5,802 · related or exempt -$5,802

  • 11d · All other revenue

    total $17,246 · excluded $17,246

  • 11e · Other revenue, total

    $17,246

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,670,782 · program services $1,670,782

  • 5 · Compensation of officers, directors and key employees

    total $277,528 · program services $247,451 · management and general $15,214 · fundraising $14,863

  • 7 · Other salaries and wages

    total $2,719,577 · program services $2,372,180 · management and general $183,361 · fundraising $164,036

  • 8 · Pension plan contributions

    total $62,144 · program services $52,838 · management and general $5,286 · fundraising $4,020

  • 9 · Other employee benefits

    total $289,866 · program services $265,145 · management and general $20,207 · fundraising $4,514

  • 10 · Payroll taxes

    total $260,966 · program services $228,746 · management and general $16,661 · fundraising $15,559

  • 11c · Fees: accounting

    total $42,500 · program services $15,300 · management and general $27,200

  • 11f · Fees: investment management

    total $8,191 · management and general $8,191

  • 11g · Fees: other

    total $220,517 · program services $205,408 · management and general $4,949 · fundraising $10,160

  • 12 · Advertising and promotion

    total $33,412 · program services $5,510 · management and general $690 · fundraising $27,212

  • 13 · Office expenses

    total $415,734 · program services $385,488 · management and general $10,090 · fundraising $20,156

  • 14 · Information technology

    total $273,042 · program services $228,426 · management and general $20,916 · fundraising $23,700

  • 16 · Occupancy

    total $459,447 · program services $398,938 · management and general $43,692 · fundraising $16,817

  • 17 · Travel

    total $379,259 · program services $376,134 · management and general $1,566 · fundraising $1,559

  • 19 · Conferences, conventions and meetings

    total $201,972 · program services $199,531 · management and general $1,284 · fundraising $1,157

  • 22 · Depreciation, depletion and amortization

    total $525,562 · program services $452,616 · management and general $64,641 · fundraising $8,305

  • 23 · Insurance

    total $67,528 · program services $53,457 · management and general $12,270 · fundraising $1,801

  • 24a · Other expenses: FOOD FOR DELIVERY

    total $366,431 · program services $366,431

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $9,450 · program services $9,450

  • 24c · Other expenses: UNFUNDED ASSISTANCE

    total -$298,722 · program services -$298,722

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $448,138 · end of year $528,752

  • 2 · Savings and temporary cash investments

    beginning of year $541,496 · end of year $179,749

  • 4 · Accounts receivable

    beginning of year $2,069,835 · end of year $237,267

  • 9 · Prepaid expenses and deferred charges

    beginning of year $141,250 · end of year $162,258

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

    $9,544,809

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

    $4,759,717

  • 10c · Land, buildings and equipment, net

    beginning of year $5,908,321 · end of year $4,785,092

  • 11 · Investments: publicly traded securities

    beginning of year $1,411,412 · end of year $2,966,114

  • 15 · Other assets

    beginning of year $4,691,210 · end of year $10,521,656

  • 17 · Accounts payable and accrued expenses

    beginning of year $602,766 · end of year $318,442

  • 19 · Deferred revenue

    beginning of year $667,531 · end of year $180,590

  • 23 · Secured mortgages and notes payable

    beginning of year $405,571 · end of year $187,883

  • 27 · Net assets without donor restrictions

    beginning of year $8,833,798 · end of year $13,507,375

  • 28 · Net assets with donor restrictions

    beginning of year $4,701,996 · end of year $5,186,598

Mission and programs · 2023

Mission

SILVER KEY SENIOR SERVICES SUPPORTS A HEALTHY QUALITY OF LIFE FOR SENIORS BY PROVIDING A COMPREHENSIVE WRAPAROUND MODEL OF NUTRITION, TRANSPORTATION, CASE MANAGEMENT, SOCIAL CONNECTION, AND EDUCATION SERVICES. (EXPANDED MISSION ON SCHEDULE O)IN PARTNERSHIP WITH STAKEHOLDERS AND VOLUNTEERS, SILVER KEY EMPOWERS SENIORS TO AGE IN PLACE SAFELY, WITH DIGNITY AND INDEPENDENCE, WHILE ADDRESSING BOTH IMMEDIATE AND LONG-TERM NEEDS THROUGH HOLISTIC AND COMPASSIONATE CARE.

Activities or mission (Part I)

SUPPORTS SENIORS' QUALITY OF LIFE, HELPING THEM AGE SAFELY WITH DIGNITY, INDEPENDENCE, & CHOICE.

  • SILVER KEY PROVIDES MULTIPLE NUTRITION PROGRAMS TO SUPPORT FOOD SECURITY AND SOCIAL CONNECTION AMONG SENIORS. DURING THE YEAR ENDED JUNE 30, 2024:- HOME DELIVERED MEALS AND MEALS ON WHEELS PROGRAMS DELIVERED 39,473 MEALS TO HOMEBOUND SENIORS.- 56,837 MEALS WERE SERVED AT 13 SILVER KEY CONNECTIONS CAFS, PROVIDING NUTRITIOUS MEALS AND FELLOWSHIP.- SILVER KEY'S FOOD PANTRY DISTRIBUTED 24,060 FOOD BOXES AND 783,222 POUNDS OF FOOD, HELPING OVER 1,600 CLIENTS MONTHLY, INCLUDING PARTICIPANTS IN CSFP AND TEFAP.

    Expenses $3,195,014 · Grants $1,284,251 · Revenue $240,241

  • SILVER KEY RESERVE & RIDE PROVIDES ADA-ACCESSIBLE TRANSPORTATION FOR SENIORS ACROSS THE PIKES PEAK REGION. SERVICES SUPPORT TRIPS TO MEDICAL APPOINTMENTS, GROCERY STORES, COMMUNITY MEALS, AND SOCIAL OUTINGS. VEHICLES ACCOMMODATE MOBILITY AIDS INCLUDING WHEELCHAIRS AND WALKERS. DURING THE YEAR ENDING JUNE 30, 2024, 33,446 RIDES WERE PROVIDED. THE PROGRAM HELPS SENIORS REMAIN MOBILE AND INDEPENDENT, WITH OVER 18,478 MILES DRIVEN MONTHLY BY 17 STAFF AND 33 VOLUNTEER DRIVERS ACROSS A FLEET OF 51 VEHICLES.

    Expenses $1,973,577 · Grants $428

  • SILVER KEY'S HEALTH & WELLNESS SERVICES INCLUDE CASE MANAGEMENT, BEHAVIORAL HEALTH COUNSELING, AND RESOURCE NAVIGATION. SERVICES ARE DESIGNED TO ASSESS AND SUPPORT SENIORS' INDEPENDENCE THROUGH COORDINATED REFERRALS AND FINANCIAL ASSISTANCE. DURING THE YEAR ENDED JUNE 30, 2024, 2,986 CLIENTS RECEIVED INDIVIDUALIZED CARE PLANS AND SUPPORT. THE SILVER LINE, SILVER KEY'S CALL CENTER, HANDLED OVER 30,368 CALLS, LINKING CLIENTS TO ESSENTIAL SERVICES. ADDITIONAL SERVICES INCLUDED DURABLE MEDICAL EQUIPMENT AND ADVANCED CARE PLANNING THROUGH THE FIVE WISHES PROGRAM.

    Expenses $1,727,771 · Grants $386,103 · Revenue $145,787

  • OTHER PROGRAM SERVICE ACTIVITIES:- SILVER KEY THRIFT STORES: COMMUNITY DONATIONS AND PURCHASES SUPPORT SILVER KEY'S MISSION. STORES ALSO DISTRIBUTE CLEAN, USED DURABLE MEDICAL EQUIPMENT. SALES TOTALED $292.980 DURING THE FISCAL YEAR.- VOLUNTEER SERVICES: 559 ACTIVE VOLUNTEERS CONTRIBUTED OVER 55,346 HOURS SUPPORTING MEALS, RIDES, COMPANIONSHIP, AND EVENTS.- SOCIAL CONNECTIONS & EDUCATION: NEARLY 9,041 VISITS WERE MADE TO SILVER KEY SENIOR CENTERS FOR FITNESS, HOBBY GROUPS, AND EDUCATIONAL WORKSHOPS. NEW OFFERINGS INCLUDED DIGITAL LITERACY SUPPORT AND CAREGIVER TRAINING.

    Expenses $338,747 · Revenue -$5,802

  • APARTMENTS:IN 2024, SILVER KEY PROUDLY ADVANCED ITS COMMITMENT TO AFFORDABLE SENIOR HOUSING BY INITIATING CONSTRUCTION ON THE NEW SILVER KEY APARTMENTS. THIS PROJECT MARKED A SIGNIFICANT MILESTONE IN EXPANDING SAFE, SUPPORTIVE LIVING OPTIONS FOR OLDER ADULTS IN OUR COMMUNITY. THROUGH DEDICATED COLLABORATION WITH CONTRACTORS, PROPERTY MANAGERS, AND COMMUNITY PARTNERS, CONSTRUCTION REMAINED ON SCHEDULE, AND THE LEASE-UP PROCESS PROGRESSED STEADILY THROUGHOUT 2024. BY DECEMBER 2024, ALL 50 UNITS WERE FULLY LEASED, SUCCESSFULLY MEETING OUR GOAL TO PROVIDE QUALITY HOUSING FOR LOW-INCOME SENIORS, INCLUDING PRIORITIZED SUPPORT FOR VETERAN RESIDENTS. THIS ACHIEVEMENT REFLECTS SILVER KEY'S LONG-TERM VISION AND COMMITMENT TO AGING WITH DIGNITY.

    Revenue $297,365

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dick Wilhelm

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Laura Kronick

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steve Noblitt

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lauren Burrus

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Cari Karns

    FOUNDATION LIASON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Beatriz Arsuaga

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shahera Shalabi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dave Bunkers

    DIRECTOR (TERM END 12/31/23)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Marie Lambert

    DIRECTOR (TERM END 7/7/23)

    Total calculated
    $0
    Hours/week
    1

  • Jason Deabueno

    PRESIDENT & CEO

    Total calculated
    $154,129
    From this org
    $117,397
    From related orgs
    $0
    Other
    $36,732
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $116,997
    Bonus
    $400
    Other
    $0
    Deferred
    $4,176
    Nontaxable benefits
    $32,556
    Filer's total
    $154,129

  • Valerie Anders

    CFO

    Total calculated
    $118,949
    From this org
    $105,136
    From related orgs
    $0
    Other
    $13,813
    Hours/week
    40 + 2 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SILVER KEY SENIOR LLC

    GENERAL PARTNER IN SILVER KEY APARTMENTS LLLP · CO · income $0 · assets $0

    Directly controlled by SILVER KEY SENIOR SERVICES INC

  • SILVER KEY DEVELOPER LLC

    PROPERTY DEVELOPMENT · CO · income $0 · assets $0

    Directly controlled by SILVER KEY SENIOR SERVICES INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SILVER KEY APARTMENTS LLLP

    RELATED · SENIOR HOUSING · CO · 0.02% owned · share of assets $2,580 · general or managing partner

    Directly controlled by SILVER KEY SENIOR SERVICES INC

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2025
IRS schema version
2023v6.0
Source object
202521279349302072

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.