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Gainesville Council On Aging Inc

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

EIN: 651075845 ✦ Hilliard, OH ✦ Designated as a 501(c)(3)

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Overview

What is Gainesville Council On Aging Inc?

Gainesville Council On Aging Inc is a nonprofit organization situated in Hilliard, Ohio. Their primary mission is to enhance the well-being of aging individuals, regardless of race, color, or creed. They achieve this by offering various services, such as caring for the sick, needy, and disabled, promoting public health and recreation, advancing education, disseminating knowledge, and furthering research. Previously, they operated a nursing home facility in Gainesville, Florida, but sold it in 2018, retaining only the land. The land was subsequently sold in 2021. The organization is now collecting a note from the asset sale, with the proceeds intended for supporting other IRC501(c)(3) organizations that align with their mission.

Is Gainesville Council On Aging Inc legitimate?

Gainesville Council On Aging Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gainesville Council On Aging 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: $0

For more financial information, click here

What is the mission statement of Gainesville Council On Aging Inc?

The mission of Gainesville Council On Aging Inc is to enhance the well-being of aging individuals, irrespective of race, color, or creed. This is achieved through various means, including providing care and assistance to the sick, needy, and disabled. The organization promotes public health and recreation, advances education, disseminates knowledge, and conducts research to alleviate suffering. By operating healthcare facilities and furthering research, they aim to improve the lives of aging individuals. The proceeds from the sale of assets are used to support other non-profit organizations that share similar objectives.

Who is the CEO of Gainesville Council On Aging Inc?

Steve Wathen is the Board Member of Gainesville Council On Aging Inc.

What is the revenue of Gainesville Council On Aging Inc?

Gainesville Council On Aging Inc's revenue in 2021 was -$2,956,794.

Who are the executives of Gainesville Council On Aging Inc and what are their salaries?


Here are 2 key members and their salaries:


Pat Ocarroll (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Wathen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Gainesville Council On Aging Inc?

Gainesville Council On Aging Inc's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Gainesville Council On Aging Inc

Gainesville Council On Aging Inc, a nonprofit organization, is committed to enhancing the well-being of aging individuals, regardless of their race, color, or creed. This mission is carried out through various means, including the care and assistance of the sick, needy, and disabled. The organization also promotes public health and recreation, advances education and disseminates knowledge, furthers research for knowledge advancement, and alleviates suffering.

In line with this mission, Gainesville Council On Aging Inc previously operated a nursing home facility in Gainesville, Florida, and sold it in 2018, along with its tangible assets. The only remaining asset was land, which was sold in 2021. The organization is currently collecting a note from the sale of this asset, and the proceeds will be used to support other IRC501(c)(3) organizations, furthering its mission.

In summary, Gainesville Council On Aging Inc is a dedicated nonprofit organization that aims to improve the lives of aging individuals. It accomplishes this by providing care and assistance, promoting health and education, conducting research, and alleviating suffering. Its recent actions, such as selling its nursing home facility and using the proceeds to support other charities, demonstrate its commitment to its mission and its willingness to adapt and evolve to best serve the needs of its community.

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Impact




October, 2024

Gainesville Council On Aging Inc significantly improves the lives of aging individuals by promoting their overall well-being without discrimination. The organization focuses on a multifaceted approach that includes care and assistance for the sick, needy, and disabled, enhancing public health and recreation, advancing education, and supporting research aimed at alleviating suffering.

By facilitating access to necessary resources and support, the organization helps ensure senior citizens receive the care they need, fostering a healthier and more engaged community. Following the sale of its nursing home facility and land, the organization is utilizing the proceeds from these assets to provide financial support to other initiatives that align with its mission, thereby amplifying its impact.

Through these efforts, Gainesville Council On Aging Inc remains committed to uplifting the lives of the elderly, advocating for their rights, and fostering an environment that acknowledges and addresses their unique challenges.




This information is meant to be a general summary of Gainesville Council On Aging 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
-$2,956,794 (2021)
Expenses
$42,039 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: -$2,956,794
  • Gross Receipts: $500,000

Assets and Liabilities:

  • Total Assets: $405,006
  • Total Liabilities: $0
  • Net Assets: $405,006

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Organization Details

Founding Year

2000

Principal Officer

Steve Wathen

Main Address

4653 TRUEMAN BLVD SUITE 100, HILLIARD, OH, 43026

NTEE Category

Code: P75 - Human services

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