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Nashua Association For The Elderly Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 020344807 ✦ Nashua, NH ✦ Designated as a 501(c)(3)

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Overview

What is Nashua Association For The Elderly Inc?

Nashua Association For The Elderly Inc is a nonprofit organization situated in Nashua, New Hampshire, specifically at 70 Temple Street. The primary purpose of this organization is to enrich the lives of the elderly community. They achieve this by organizing various special events, trips, and programs designed for social interaction. These activities include entertainment through dances, musical performances, and craft workshops. Additionally, they offer educational programs to promote healthy aging and independence among older adults. The organization's operations are supported by a dedicated team of eight employees.


Official website here: www.nashuaseniorcenter.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Zero-Star out of Four Stars (33%)

The Nashua Association for the Elderly Inc has received a low overall score of 33%, resulting in a Zero-Star rating on Charity Navigator. This rating primarily reflects the organization's accountability and financial management practices. Although the organization has a fully independent board, it lacks essential financial transparency, as evidenced by missing financial statements and low program expense ratios.

Strengths of the organization include having an independent board with a significant number of members, which typically supports good governance practices. Additionally, the charity has established policies for conflicts of interest and keeps board meeting minutes. However, the absence of a whistleblower policy and other critical documentation raises concerns about the organization's commitment to accountability.

One of the notable limitations is the lack of financial statements, which is crucial for potential donors to assess the fiscal health of the organization. Furthermore, the low program expense ratio indicates that a small percentage of its budget is directed towards its programs, which might reflect inefficiencies. Overall, the charity needs to improve its financial transparency and management practices to enhance its rating and instill greater trust among supporters.


This AI summary has been generated from information found on Charity Navigator.

Is Nashua Association For The Elderly Inc legitimate?

Nashua Association For The Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nashua Association For The Elderly Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $221,799

For more financial information, click here


Official website here: www.nashuaseniorcenter.org

What is the mission statement of Nashua Association For The Elderly Inc?

The mission of Nashua Association For The Elderly Inc is centered around promoting the health, independence, and overall well-being of older adults. They strive to achieve this goal through various health-related activities. Beyond promoting health, the association also organizes special events, trips, and programs to encourage personal interaction among its members. These events often include entertainment and educational programs such as dances, musical performances, craft workshops, and outings to different locations. Overall, the primary focus of Nashua Association For The Elderly Inc is to enhance the quality of life for older adults in a holistic manner.


Official website here: www.nashuaseniorcenter.org

Who is the CEO of Nashua Association For The Elderly Inc?

Martha Ackerman is the President of Nashua Association For The Elderly Inc.


Official website here: www.nashuaseniorcenter.org

What is the revenue of Nashua Association For The Elderly Inc?

Nashua Association For The Elderly Inc's revenue in 2022 was $713,788.


Official website here: www.nashuaseniorcenter.org

Who are the executives of Nashua Association For The Elderly Inc and what are their salaries?

The average compensation at Nashua Association For The Elderly Inc during 2022 was $27,725. There are 8 employees at Nashua Association For The Elderly Inc.


Here are 11 key members and their salaries:


Martha Ackerman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barney Barbera (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
June Caron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Cordova (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela Ford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Fredette (Interim Trea)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Haywood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Kenny (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyler Mcafee (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Perrier (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jocelyn Sharp-Henning (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nashuaseniorcenter.org

Where can I find the form 990 for Nashua Association For The Elderly Inc?

Nashua Association For The Elderly Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nashuaseniorcenter.org

Learn more at the official website: www.nashuaseniorcenter.org

Mission Statement of Nashua Association For The Elderly Inc

Nashua Association for the Elderly Inc is committed to promoting the health, independence, and well-being of older adults. Their mission is centered around enhancing the quality of life for this demographic, ensuring they age in a manner that maintains their vitality and autonomy. The organization achieves this by offering a variety of special activities, trips, and programs that encourage social interaction among its members. These engagements range from entertainment and educational events, such as dances, musical performances, and craft workshops, to outings beyond the city limits. The ultimate goal is to foster a sense of community and engagement among the elderly, helping them to lead fulfilling and enjoyable lives.

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Impact




July, 2024

Nashua Association For The Elderly Inc's impact is centered around promoting healthy aging, independence, and the well-being of older adults through various health-related activities, special trips, and programs. These initiatives aim to facilitate personal interaction among members and provide entertainment and education through dances, musical and craft programs, and out-of-town activities. By focusing on the holistic well-being of the elderly population in Nashua, NH, this organization plays a significant role in enhancing the quality of life for older adults and supporting their physical, mental, and social needs.




This information is meant to be a general summary of Nashua Association For The Elderly Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$713,788 (2022)
Expenses
$504,278 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,561
  • Program Service Revenue: $181,580
  • Gross Receipts: $803,945

Assets and Liabilities:

  • Total Assets: $780,852
  • Total Liabilities: $40,066
  • Net Assets: $740,786

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TRIPS

Revenue

$108,168

ACTIVITIES AND CLUBS

Revenue

$44,302

MEMBERSHIP DUES

Revenue

$29,110

Organization Details

Founding Year

1978

Principal Officer

Martha Ackerman

Main Address

70 TEMPLE STREET, NASHUA, NH, 03060

NTEE Category

Code: P81Z - Human services

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