Overview
What is Senior Network Inc?
Senior Network Inc, situated in Waldorf, Maryland, is a nonprofit organization committed to enhancing the lives of at-risk elderly individuals and their families. They offer adult daycare services, serving as a cost-effective alternative to other healthcare options. Their mission revolves around providing a high-quality lifestyle for the elderly through daytime and/or residential care. The organization extends its services beyond daycare, also managing assisted living for the elderly. With a dedicated workforce of 32 employees, Senior Network Inc aims to support the well-being of the elderly and their families, ensuring they live with dignity and comfort.
Official website here: www.seniornetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Senior Network Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The overall score is primarily derived from its accountability practices, suggesting that the organization takes its financial responsibilities seriously. This is evidenced by its perfect score in several areas, including having a majority of independent board members and a comprehensive conflict of interest policy.
The organization excels in maintaining transparency and governance, as indicated by the absence of material diversion of assets and the inclusion of key policies on its website. Furthermore, Senior Network Inc demonstrates a commitment to financial health, with a high program expense ratio of 81.56%, which reflects its focus on utilizing funds effectively for its mission.
However, there is a notable concern regarding its liabilities to assets ratio of 57.08%, which may indicate some financial risk. While the organization has a strong accountability framework, potential donors may want to consider this ratio when evaluating the overall financial stability of Senior Network Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Senior Network Inc legitimate?
Senior Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Network 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: $154,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $689,862
For more financial information, click here
Official website here: www.seniornetwork.org
What is the mission statement of Senior Network Inc?
Senior Network Inc's mission is centered around enhancing the quality of life for vulnerable elderly individuals and their families. They accomplish this by offering daytime and residential care services. This organization provides adult daycare, acting as a cost-effective alternative to other healthcare options. Moreover, Senior Network Inc extends its services to manage assisted living facilities for the elderly.
Official website here: www.seniornetwork.org
Who is the CEO of Senior Network Inc?
Craig D Lakin is the Chair of Senior Network Inc.
Official website here: www.seniornetwork.org
What is the revenue of Senior Network Inc?
Senior Network Inc's revenue in 2022 was $1,765,394.
Official website here: www.seniornetwork.org
Who are the executives of Senior Network Inc and what are their salaries?
The average compensation at Senior Network Inc during 2022 was $26,393. There are 32 employees at Senior Network Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $154,700
- Related: $0
- Other: $0
Official website here: www.seniornetwork.org
Where can I find the form 990 for Senior Network Inc?
Senior Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seniornetwork.org
Learn more at the official website: www.seniornetwork.org
Mission Statement of Senior Network Inc
Senior Network Inc, a nonprofit organization, is dedicated to enhancing the quality of life for vulnerable elderly individuals and their families. They accomplish this mission through the provision of daytime and residential care services. This approach serves as a cost-effective alternative to other healthcare options, offering a supportive environment for at-risk elderly individuals. Moreover, Senior Network Inc extends its services to the management of assisted living facilities for the elderly, ensuring they receive the care they need in a secure and nurturing environment.
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Impact
July, 2024
Senior Network Inc's impact lies in providing essential services to at-risk elderly individuals and their families, ultimately improving their quality of life. By offering adult daycare services as a cost-effective alternative to traditional healthcare options, the organization ensures that vulnerable seniors receive the support they need. Additionally, Senior Network Inc manages assisted living facilities, further addressing the needs of the elderly population. Through their mission to facilitate a high quality of life for at-risk seniors, the organization plays a crucial role in enhancing the well-being of this demographic in Waldorf, MD.
This information is meant to be a general summary of Senior Network 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 2022.
- Investment Income: $3,798
- Program Service Revenue: $1,338,887
- Gross Receipts: $1,767,529
Assets and Liabilities:
- Total Assets: $1,848,710
- Total Liabilities: $969,586
- Net Assets: $879,124
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADULT DAY CARE REVENUE
Revenue
$1,062,917
ASSISTED LIVING MGMT
Revenue
$275,970
Organization Details
Founding Year
1989
Phone
(301) 638-4100Principal Officer
Craig D Lakin
Main Address
11665 DOOLITTLE DRIVE, WALDORF, MD, 20602
Website
www.seniornetwork.orgNTEE Category
Code: P700 - Human services
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