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Elder Life Inc

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

EIN: 161557404 ✦ Utica, NY ✦ Designated as a 501(c)(3)

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Overview

What is Elder Life Inc?

Elder Life Inc, operating under the name Parkway Center, is a nonprofit organization situated in Utica, New York. With a team of 20 dedicated individuals, their primary mission is to provide programs and services to individuals aged 50 and above, aimed at enhancing their quality of life. They are committed to empowering seniors to live healthily and vibrantly, offering social development, educational, and informational resources. The organization's activities are focused on supporting the elderly, ensuring they maintain a sense of vitality and independence in their golden years.


Official website here: www.theparkwaycenter.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

Elder Life Inc, operating as Parkway Center, has achieved a commendable Four-Star rating from Charity Navigator, indicating an exceptional level of accountability and financial management. The organization's score reflects a robust commitment to transparency, with all board members being independent and actively participating in oversight, which strengthens its governance structure.

The financial health of the organization is noteworthy, as evidenced by a program expense ratio of 81.50%, meaning a significant portion of its funding is directed towards its programs rather than administrative costs. This focus on programmatic investment showcases the nonprofit's commitment to maximizing the impact of its resources.

While the organization demonstrates strong accountability through its policies and independent oversight, it's important for potential donors and stakeholders to consider ongoing evaluations of program effectiveness and community impact to ensure that high financial ratings correlate with tangible benefits in the community served.


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

Is Elder Life Inc legitimate?

Elder Life Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elder Life 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: $452,408

For more financial information, click here


Official website here: www.theparkwaycenter.org

What is the mission statement of Elder Life Inc?

Elder Life Inc, operating as Parkway Center, is dedicated to providing programs and services aimed at empowering individuals aged 50 and above. Their mission is centered around enabling senior citizens to lead healthy and vibrant lives. This is achieved through offering social development, educational, and informational services specifically designed for the elderly. The organization's goal is to promote well-being and enhance the quality of life for this age group.


Official website here: www.theparkwaycenter.org

Who is the CEO of Elder Life Inc?

Elder Life Inc Dba Parkwa is the Principal Officer of Elder Life Inc.


Official website here: www.theparkwaycenter.org

What is the revenue of Elder Life Inc?

Elder Life Inc's revenue in 2023 was $894,699.


Official website here: www.theparkwaycenter.org

Who are the executives of Elder Life Inc and what are their salaries?

The average compensation at Elder Life Inc during 2023 was $22,620. There are 20 employees and 17 volunteers at Elder Life Inc.


Here are 11 key members and their salaries:


Phyllis Ellis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lucretia Hunt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Jackson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Short (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Kohl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Teachout (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Pratt (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Venice Ervin (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Khoury (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynne Tomaino (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.theparkwaycenter.org

Where can I find the form 990 for Elder Life Inc?

Elder Life Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.theparkwaycenter.org

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

Mission Statement of Elder Life Inc

Elder Life Inc Dba Parkway Center, a nonprofit organization, is dedicated to providing programs and services aimed at empowering individuals who are 50 years and older. Their mission is to help these seniors live healthy and vibrant lives. To accomplish this, they offer social development, educational, and informational services specifically designed for this demographic. By providing these resources, Elder Life Inc Dba Parkway Center seeks to enhance the quality of life for older adults, enabling them to maintain their independence and vitality.

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Impact




October, 2024

Elder Life Inc has a significant impact on the lives of individuals aged 50 and older by providing essential programs and services that promote health and vitality. Based in Utica, NY, the organization focuses on social development, education, and informational services designed specifically for seniors. By empowering this demographic, Elder Life Inc helps older adults foster a sense of community and engagement, ultimately enhancing their quality of life.

The programs offered by Elder Life Inc address various needs, from health education to social interaction, creating opportunities for seniors to connect, learn, and thrive. Through these services, Elder Life Inc not only supports the physical and mental well-being of older adults but also helps combat isolation and loneliness—issues that many seniors face.

Overall, Elder Life Inc plays a crucial role in enabling seniors to live healthy and vibrant lives, ensuring that they remain active contributors to their communities while receiving the support and resources they need.




This information is meant to be a general summary of Elder Life 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
$894,699 (2023)
Expenses
$1,051,848 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,765
  • Program Service Revenue: $659,412
  • Gross Receipts: $901,036

Assets and Liabilities:

  • Total Assets: $1,442,937
  • Total Liabilities: $670,041
  • Net Assets: $772,896

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Programs

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

FEE FOR SERVICE

Revenue

$639,736

FITNESS CENTER DUES

Revenue

$19,676

Organization Details

Founding Year

1998

Principal Officer

Elder Life Inc Dba Parkwa

Main Address

220 MEMORIAL PARKWAY, UTICA, NY, 13501

NTEE Category

Code: P81 - Human services

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