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← CENTER FOR AGING INC

Form 990 for tax year 2023

Filed by CENTER FOR AGING INC.

Totals

Total revenue
$30,103,355
Total expenses
$30,458,293
Contributions and grants received
$1,170,294
Grants paid
$0
Program service revenue
$27,982,180
Investment income
$950,881
Other revenue
$0
Total assets, end of year
$82,577,130
Total liabilities, end of year
$77,899,792
Net assets or fund balances, end of year
$4,677,338
Program services expenses (Part IX)
$27,412,463
Management and general expenses
$3,045,830
Fundraising expenses
$0
Program service expenses (Part III)
$27,412,463

Program services were 90.0% 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.

  • 1d · Related organizations

    $486,228

  • 1f · All other contributions, gifts and grants

    $684,066

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $27,982,180 · related or exempt $27,982,180

  • 3 · Investment income

    total $750,544 · unrelated business $0 · excluded $750,544

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $200,337

  • 7c · Gain or loss

    securities $200,337

  • 7d · Net gain or loss

    total $200,337 · excluded $200,337

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $253,794 · program services $228,415 · management and general $25,379

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $11,438,066 · program services $10,294,259 · management and general $1,143,807

  • 8 · Pension plan contributions

    total $340,020 · program services $306,018 · management and general $34,002

  • 9 · Other employee benefits

    total $1,820,249 · program services $1,638,224 · management and general $182,025

  • 10 · Payroll taxes

    total $1,003,211 · program services $902,890 · management and general $100,321

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $374,082 · program services $336,674 · management and general $37,408

  • 11c · Fees: accounting

    total $62,160 · program services $55,944 · management and general $6,216

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $4,265,979 · program services $3,839,382 · management and general $426,597 · fundraising $0

  • 12 · Advertising and promotion

    total $540,790 · program services $486,711 · management and general $54,079

  • 13 · Office expenses

    total $782,658 · program services $704,392 · management and general $78,266

  • 14 · Information technology

    total $78,173 · program services $70,356 · management and general $7,817

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,922,154 · program services $1,729,938 · management and general $192,216

  • 17 · Travel

    total $55,396 · program services $49,856 · management and general $5,540

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $631,754 · program services $568,578 · management and general $63,176

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,517,087 · program services $3,165,378 · management and general $351,709

  • 23 · Insurance

    total $237,248 · program services $213,523 · management and general $23,725

  • 24a · Other expenses: FOOD COSTS

    total $1,517,461 · program services $1,365,715 · management and general $151,746

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $915,106 · program services $823,595 · management and general $91,511

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $454,823 · program services $409,341 · management and general $45,482

  • 24d · Other expenses: OTHER EXPENSES

    total $248,083 · program services $223,274 · management and general $24,808

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $700 · end of year $700

  • 2 · Savings and temporary cash investments

    beginning of year $4,694,241 · end of year $4,446,906

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $821,394 · end of year $1,129,522

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $188,253 · end of year $34,800

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

    $55,985,226

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

    $7,004,870

  • 10c · Land, buildings and equipment, net

    beginning of year $47,008,038 · end of year $48,980,356

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $25,987,957 · end of year $25,580,817

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,735,979 · end of year $2,404,029

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,506,508 · end of year $2,984,411

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $52,785,281 · end of year $49,204,089

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $22,326,610 · end of year $25,711,292

  • 27 · Net assets without donor restrictions

    beginning of year $1,094,070 · end of year $2,429,169

  • 28 · Net assets with donor restrictions

    beginning of year $2,724,093 · end of year $2,248,169

Mission and programs · 2023

Mission

PROVIDE SENIORS WITH ACCESSIBLE, COST-EFFECTIVE INDEPENDENT LIVING AND COMPREHENSIVE HEALTHCARE SERVICES, FOSTERING RESIDENT PEACE OF MIND. SUPERIOR QUALITY SERVICES ARE PROVIDED IN A MANNER THAT ASSURES DIGNITY AND PROVIDES A BALANCED ATMOSPHERE OF SUPPORT AN INDEPENDENCE.

Activities or mission (Part I)

PROVIDE SENIORS WITH ACCESSIBLE, COST- EFFECTIVE INDEPENDENT LIVING AND COMPREHENSIVE HEALTHCARE SERVICES, FOSTERING RESIDENT PEACE OF MIND.

  • APPLEWOOD CONSISTS OF 281 INDEPENDENT APARTMENTS, 20 COTTAGES, 40 RESIDENTIAL HEALTH CARE UNITS, AND A 60-BED SKILLED NURSING FACILITY. THE ORGANIZATION PROVIDES FOR THE CARE OF THE ELDERLY. APPLEWOOD ALSO GOES OUT TO THE COMMUNITY THROUGH SENIOR'S FIRST, WHICH IS A COMPLIMENTARY COMMUNITY OUTREACH AND HEALTHCARE EDUCATION PROGRAM FOR THOSE 60 YEARS AND OLDER IN A 25-MILE RADIUS OF FREEHOLD, NJ. THE CENTER'S PROGRAMS INCLUDE HEALTH FAIRS, BLOOD PRESSURE SCREENINGS, AND HEALTH EDUCATION AND PRESENTATIONS ON PREVENTION AND TREATMENT. IN ADDITION, THERE IS ALSO A SUPPORT GROUP FOR PARKINSON'S DISEASE AS WELL AS COMMUNITY SERVICE REFERRALS.

    Expenses $27,412,463 · Revenue $27,982,180

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

Listed in Part VII

  • THOMAS W SCOTT fache

    VICE CHAIR-TRST/CSMC PRES/CEO

    Total calculated
    $926,522
    From this org
    $0
    From related orgs
    $870,269
    Other
    $56,253
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $719,135 related
    Bonus
    $0 + $148,512 related
    Other
    $0 + $2,622 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $26,253 related
    Filer's total
    $0 + $926,522 related

  • JOHN A DELLOCONO

    TRUSTEE - CSMC SVP/CFO

    Total calculated
    $662,673
    From this org
    $0
    From related orgs
    $602,968
    Other
    $59,705
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $516,480 related
    Bonus
    $0 + $72,277 related
    Other
    $0 + $14,211 related
    Deferred
    $0 + $22,500 related
    Nontaxable benefits
    $0 + $37,205 related
    Filer's total
    $0 + $662,673 related

  • KEITH GRADY

    TRUSTEE - EXECUTIVE DIRECTOR

    Total calculated
    $253,794
    From this org
    $218,539
    From related orgs
    $0
    Other
    $35,255
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $205,285
    Bonus
    $12,012
    Other
    $1,242
    Deferred
    $16,986
    Nontaxable benefits
    $18,269
    Filer's total
    $253,794

  • BARBARA RASCH RN

    REGISTERED NURSE

    Total calculated
    $200,427
    From this org
    $164,376
    From related orgs
    $0
    Other
    $36,051
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,279
    Bonus
    $1,653
    Other
    $444
    Deferred
    $22,500
    Nontaxable benefits
    $13,551
    Filer's total
    $200,427

  • JENNIFER KOHAN

    DIR. MARKETING/SALES

    Total calculated
    $183,126
    From this org
    $165,129
    From related orgs
    $0
    Other
    $17,997
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,926
    Bonus
    $0
    Other
    $203
    Deferred
    $5,860
    Nontaxable benefits
    $12,137
    Filer's total
    $183,126

  • SUSAN SHU-CHEN HOUNG RN

    REGISTERED NURSE

    Total calculated
    $178,126
    From this org
    $139,317
    From related orgs
    $0
    Other
    $38,809
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,724
    Bonus
    $2,593
    Other
    $0
    Deferred
    $28,019
    Nontaxable benefits
    $10,790
    Filer's total
    $178,126

  • SALLY SEFIN

    DIR. HEALTHCARE SERVICES

    Total calculated
    $176,763
    From this org
    $145,909
    From related orgs
    $0
    Other
    $30,854
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,749
    Bonus
    $5,062
    Other
    $98
    Deferred
    $6,924
    Nontaxable benefits
    $23,930
    Filer's total
    $176,763

  • MARY SOMMERS

    ASST. DIRECTOR - MARKETING

    Total calculated
    $165,462
    From this org
    $142,572
    From related orgs
    $0
    Other
    $22,890
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,922
    Bonus
    $0
    Other
    $650
    Deferred
    $22,500
    Nontaxable benefits
    $390
    Filer's total
    $165,462

  • KENNETH J REILLY CWS

    CHAIRMAN - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT GEBERTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DONALD ROBERTSHAW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I; QUESTION 3
THE ORGANIZATION PAID FOR HEALTH CLUB DUES FOR AN EMPLOYEE. THE HEALTH CLUB DUES ARE TREATED AS TAXABLE WAGES AND ARE INCLUDED ON THE INDIVIDUAL'S RESPECTIVE 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: MARY SOMMERS, $650.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2023 WHICH AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.1
Source object
202403199349312660

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