Overview
What is East Central Illinois Older Americans Resource Corporation?
East Central Illinois Older Americans Resource Corporation is a nonprofit organization situated in Bloomington, Illinois. Its primary role involves leasing real estate to two other nonprofits that offer services to senior citizens. Specifically, the corporation holds title to both real and personal property, generates income from these assets, and manages related expenses. The corporation's lease agreements enable the East Central Illinois Area Agency on Aging and Sarah Bush Lincoln Health Center to provide essential services for older adults within the community.
Is East Central Illinois Older Americans Resource Corporation legitimate?
East Central Illinois Older Americans Resource Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. East Central Illinois Older Americans Resource Corporation 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: $0
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What is the mission statement of East Central Illinois Older Americans Resource Corporation?
East Central Illinois Older Americans Resource Corporation is primarily established to manage and generate income from real and personal property. Its primary function involves leasing this property to two nonprofit organizations that cater to the needs of older Americans. The corporation serves as a landlord, providing space for organizations that offer essential services to this demographic. By doing so, it contributes to enhancing the living conditions and well-being of older adults in an unspecified capacity.
What is the revenue of East Central Illinois Older Americans Resource Corporation?
East Central Illinois Older Americans Resource Corporation's revenue in 2023 was $94,887.
Who are the executives of East Central Illinois Older Americans Resource Corporation and what are their salaries?
There 3 volunteers at East Central Illinois Older Americans Resource Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for East Central Illinois Older Americans Resource Corporation?
East Central Illinois Older Americans Resource Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of East Central Illinois Older Americans Resource Corporation
East Central Illinois Older Americans Resource Corporation, abbreviated as ECIOARC, is a unique entity organized with a specific mission. Unlike many organizations, ECIOARC's primary focus is not on providing direct services or advocacy but rather on leasing real and personal property. This corporation collects income from these properties and uses it to cover related expenses. ECIOARC partners with two nonprofit organizations, the East Central Illinois Area Agency on Aging and Sarah Bush Lincoln Health Center, by leasing them the necessary space to carry out their services for older Americans. By taking on this role, ECIOARC plays a crucial part in supporting these organizations, enabling them to continue their work in providing essential services for the elderly population.
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Impact
October, 2024
East Central Illinois Older Americans Resource Corporation plays a crucial role in supporting services for older adults in the region by managing real and personal property. By leasing space to two key organizations—East Central Illinois Area Agency on Aging and Sarah Bush Lincoln Health Center—it creates an infrastructure that enables these organizations to effectively deliver essential services to the elderly population. This collaboration enhances access to resources such as healthcare and community support, significantly contributing to the well-being and quality of life for older Americans in East Central Illinois. Its impact extends to community improvement by facilitating programs that empower seniors and promote healthy aging.
This information is meant to be a general summary of East Central Illinois Older Americans Resource Corporation. 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: $8
- Program Service Revenue: $94,879
- Gross Receipts: $94,887
Assets and Liabilities:
- Total Assets: $754,529
- Total Liabilities: $0
- Net Assets: $754,529
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$94,879
Organization Details
Founding Year
1984
Principal Officer
Ruth Ann Lipic
NTEE Category
Code: S47 - Community improvement
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