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Nonprofiteer
← SILVERSOURCE INC

Form 990 for tax year 2025

Filed by SILVERSOURCE INC.

Totals

Total revenue
$2,493,338
Total expenses
$2,496,313
Contributions and grants received
$2,393,745
Grants paid
$376,797
Program service revenue
$0
Investment income
$0
Other revenue
$99,593
Total assets, end of year
$1,569,263
Total liabilities, end of year
$840,156
Net assets or fund balances, end of year
$729,107
Program services expenses (Part IX)
$1,300,392
Management and general expenses
$699,779
Fundraising expenses
$496,142
Program service expenses (Part III)
$1,300,392

Program services were 52.1% 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.

  • 1c · Fundraising events

    $112,481

  • 1e · Government grants (contributions)

    $599,154

  • 1f · All other contributions, gifts and grants

    $1,682,110

  • 1g · Noncash contributions included above

    $22,386

  • 8a · Fundraising events: gross income

    $206,950

  • 8a · Fundraising events: contributions included on line 1c

    $112,481

  • 8b · Fundraising events: direct expenses

    $107,357

  • 8c · Net income from fundraising events

    total $99,593 · excluded $99,593

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $376,797 · program services $376,797

  • 5 · Compensation of officers, directors and key employees

    total $172,253 · program services $86,127 · management and general $60,288 · fundraising $25,838

  • 7 · Other salaries and wages

    total $982,830 · program services $482,891 · management and general $335,167 · fundraising $164,772

  • 8 · Pension plan contributions

    total $35,698 · program services $17,502 · management and general $12,213 · fundraising $5,983

  • 9 · Other employee benefits

    total $51,347 · program services $25,243 · management and general $17,621 · fundraising $8,483

  • 10 · Payroll taxes

    total $96,866 · program services $47,639 · management and general $33,258 · fundraising $15,969

  • 11b · Fees: legal

    total $3,285 · program services $492 · management and general $2,300 · fundraising $493

  • 11c · Fees: accounting

    total $78,017 · program services $11,703 · management and general $54,612 · fundraising $11,702

  • 11g · Fees: other

    total $221,099 · program services $3,692 · management and general $17,222 · fundraising $200,185

  • 12 · Advertising and promotion

    total $64,639 · program services $8,323 · management and general $27,346 · fundraising $28,970

  • 13 · Office expenses

    total $26,166 · program services $10,354 · management and general $12,648 · fundraising $3,164

  • 16 · Occupancy

    total $189,727 · program services $77,744 · management and general $93,299 · fundraising $18,684

  • 22 · Depreciation, depletion and amortization

    total $41,869 · program services $38,227 · management and general $1,821 · fundraising $1,821

  • 23 · Insurance

    total $34,428 · program services $27,542 · management and general $3,443 · fundraising $3,443

  • 24a · Other expenses: MISCELLANEOUS

    total $56,045 · program services $20,869 · management and general $28,541 · fundraising $6,635

  • 24b · Other expenses: PROGRAM RELATED EXPENSE

    total $46,771 · program services $46,771

  • 24c · Other expenses: DONATED GOODS

    total $18,476 · program services $18,476

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $142,359

  • 2 · Savings and temporary cash investments

    end of year $140,775

  • 3 · Pledges and grants receivable

    end of year $64,390

  • 9 · Prepaid expenses and deferred charges

    end of year $20,368

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

    $220,959

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

    $107,417

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $113,542

  • 12 · Investments: other securities

    end of year $415,424

  • 15 · Other assets

    beginning of year $0 · end of year $672,405

  • 17 · Accounts payable and accrued expenses

    end of year $139,586

  • 25 · Other liabilities

    beginning of year $0 · end of year $700,570

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $729,107

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2025

Mission

SILVERSOURCE ADVANCES THE DIGNITY, INDEPENDENCE AND QUALITY OF LIFE OF OLDER ADULTS BY PROVIDING SUPPORTIVE SERVICES TO THOSE IN NEED AND GUIDANCE TO FAMILIES, AND BY ENGAGING IN COMMUNITY PARTNERSHIPS AND ADVOCATING FOR SOUND PUBLIC POLICIES.

  • HOUSING: PROVIDES ASSISTANCE TO SENIORS AT RISK OF HOUSING INSECURITY OR HOMELESSNESS. ACTIVITIES INCLUDE EMERGENCY PAYMENT ASSISTANCE, ENERGY ASSISTANCE, AND HOUSING NAVIGATION SERVICES THAT CONNECT CLIENTS TO AVAILABLE AFFORDABLE HOUSING RESOURCES. STAFF CONDUCT INTAKE ASSESSMENTS, DEVELOP INDIVIDUALIZED STABILIZATION PLANS, AND PROVIDE FOLLOW-UP CASE MANAGEMENT TO HELP CLIENTS MAINTAIN SAFE, STABLE HOUSING. SERVICES HELP CLIENTS MAINTAIN INDEPENDENCE IN SAFE, STABLE HOUSING, AVOIDING DISPLACEMENT OR HOMELESSNESS.

    Expenses $230,582 · Grants $230,582

  • MEDICAL: FACILITATES ACCESS TO MEDICAL, DENTAL, AND MENTAL HEALTH SERVICES. STAFF ASSIST CLIENTS IN ENROLLING IN AVAILABLE PUBLIC HEALTH COVERAGE PROGRAMS AND COORDINATE CARE WITH HEALTHCARE PROVIDERS. THIS PROGRAM REDUCES HEALTH DISPARITIES AND ENSURING MEDICALLY VULNERABLE COMMUNITY MEMBERS RECEIVE ESSENTIAL TREATMENT AND PREVENTIVE CARE REGARDLESS OF THEIR ABILITY TO PAY.

    Expenses $91,265 · Grants $91,265

  • FOOD & NUTRITION: ADDRESSES FOOD INSECURITY AMONG LOW-INCOME AND HOME-BOUND SENIORS THROUGH DIRECT FOOD DISTRIBUTION AND SUPPLEMENTAL NUTRITION ASSISTANCE. ACTIVITIES INCLUDE OPERATION OF A FOOD PANTRY PROVIDING GROCERIES AND SHELF-STABLE STAPLES, DISTRIBUTION OF FRESH PRODUCE AND PERISHABLE ITEMS IN PARTNERSHIP WITH LOCAL FOOD BANKS, PROVISION OF PREPARED MEAL PROGRAMS, AND ASSISTANCE WITH ENROLLMENT IN FEDERAL NUTRITION PROGRAMS SUCH AS SNAP. STAFF CONDUCT NUTRITIONAL SCREENINGS TO IDENTIFY HOUSEHOLDS EXPERIENCING FOOD HARDSHIP. THIS PROGRAM HELPS ALLEVIATE HUNGER AND IMPROVING NUTRITIONAL HEALTH OUTCOMES FOR VULNERABLE POPULATIONS IN THE COMMUNITY.

    Expenses $54,950 · Grants $54,950

  • TRANSPORTATION: PROVIDES TRANSPORTATION ASSISTANCE TO SENIORS WHO LACK RELIABLE ACCESS TO VEHICLES OR PUBLIC TRANSIT AND WOULD OTHERWISE BE UNABLE TO MEET CRITICAL NEEDS. ACTIVITIES INCLUDE DIRECT TRANSPORTATION USING 3 COMPANY VEHICLES, PROVISION OF BUS PASSES AND TRANSIT SUBSIDIES, RIDESHARES, AND COORDINATION OF MEDICAL TRANSPORT TO TREATMENT APPOINTMENTS. THIS PROGRAM WORKS TO REMOVE TRANSPORTATION BARRIERS THAT PREVENT COMMUNITY MEMBERS FROM ACCESSING HEALTHCARE AND ESSENTIAL SUPPORT SERVICES.

    Expenses $18,826

  • OTHER PROGRAMS

    Expenses $904,769

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ROBERT GOLDSTEIN CPA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • LEN SCHWARTZ

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • TOM VAN RIPER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH ARMAH

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • KATE SULLIVAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • KEVIN SHIPPY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TRACEY ALSTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ELLEN BROMLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MAUREEN CACACE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THOMAS GETREUER DDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GAIL GROSSO HOFMANN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KAREN M KELLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RONI LANG LCSW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GARY NEEMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • POLLY RAUH ED D

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SHEILA L ROMANOWITZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PEGGY KALTER

    TRUSTEE (UNTIL 11/2025)

    Total calculated
    $0
    Hours/week
    2

  • KATHLEEN BORDELON

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $161,004
    From this org
    $153,696
    From related orgs
    $0
    Other
    $7,308
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $153,696
    Bonus
    $0
    Other
    $0
    Deferred
    $6,165
    Nontaxable benefits
    $1,143
    Filer's total
    $161,004

  • SAMIRA SCHMITZ

    CHIEF OPERATING OFFICER

    Total calculated
    $136,668
    From this org
    $131,426
    From related orgs
    $0
    Other
    $5,242
    Hours/week
    40

  • MARIANNE DELANEY

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $134,749
    From this org
    $128,690
    From related orgs
    $0
    Other
    $6,059
    Hours/week
    40

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 · 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.

  • FRIENDS OF SILVERSOURCE INC

    501(C)(3) · PROVIDING INFORMATION AND FINANCIAL ASSISTANCE TO THE OVER-SIXTY POPULATION · CT

    Directly controlled by SILVERSOURCE INC

Provenance

Return type
form_990
Tax year
2025
Filed
21 September 2026
IRS schema version
2025v4.2
Source object
202622649349301852

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