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
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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.
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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.
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
Phone
(315) 223-3973Principal Officer
Elder Life Inc Dba Parkwa
Main Address
220 MEMORIAL PARKWAY, UTICA, NY, 13501
Website
www.theparkwaycenter.orgNTEE Category
Code: P81 - Human services
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