Overview
What is Elder-Aid?
Elder-Aid is a nonprofit organization dedicated to helping elderly individuals maintain their independence. By offering financial assistance with rent, utilities, and other essential expenses, Elder-Aid aims to alleviate some of the financial burdens often faced by elderly individuals. The organization's mission is centered around this assistance, ensuring that elderly individuals can continue living in their own homes with dignity and independence. Although the information provided is limited, Elder-Aid's focus on rental assistance is evident, indicating a commitment to providing essential living assistance to elderly individuals in need.
Official website here: www.elderaidbcs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning it a Two-Star out of Four Star rating. The rating reflects a moderate level of accountability and financial management within Elder-Aid. While the organization has notable strengths, such as having a fully independent board and strong program expense ratios, it also has significant weaknesses in its financial transparency and governance policies.
Elder-Aid demonstrates a commitment to independence with 100% of its board members being independent and a solid liabilities to assets ratio. However, the lack of financial statements and the absence of key policies, including conflict of interest and whistleblower protections, raises concerns about its operational integrity and transparency. Moreover, the organization has not posted essential documents, like its tax form, on its website, further impacting its accountability score.
Overall, while Elder-Aid has strengths that contribute positively to its operations, the shortcomings in financial documentation and governance policies indicate areas that need improvement. Stakeholders may want to consider these factors when engaging with the organization or assessing its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Elder-Aid legitimate?
Elder-Aid is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elder-Aid 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: $69,283
For more financial information, click here
Official website here: www.elderaidbcs.org
What is the mission statement of Elder-Aid?
Elder-Aid, as an organization, is committed to helping elderly individuals maintain their independence. They achieve this by offering assistance with crucial expenses such as rent and utilities. The mission of Elder-Aid is centered around providing direct financial aid to help elderly individuals manage their living costs, thereby enabling them to live independently. The organization's activities primarily focus on rental assistance, aiming to alleviate financial burdens and ensure elderly individuals can continue living in their own homes.
Official website here: www.elderaidbcs.org
Who is the CEO of Elder-Aid?
James Thomas is the Member of Elder-Aid.
Official website here: www.elderaidbcs.org
What is the revenue of Elder-Aid?
Elder-Aid's revenue in 2022 was $770,546.
Official website here: www.elderaidbcs.org
Who are the executives of Elder-Aid and what are their salaries?
The average compensation at Elder-Aid during 2022 was $23,094. There are 3 employees at Elder-Aid.
Here are 7 key members and their salaries:
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Official website here: www.elderaidbcs.org
Where can I find the form 990 for Elder-Aid?
Elder-Aid's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.elderaidbcs.org
Learn more at the official website: www.elderaidbcs.org
Mission Statement of Elder-Aid
Elder-Aid, a nonprofit organization, is committed to helping elderly individuals maintain their independence. They achieve this by offering direct financial assistance with essential expenses such as rent and utilities. This assistance enables elderly individuals to live comfortably and independently, reducing their financial burden and ensuring they have access to basic necessities. Elder-Aid's mission is deeply rooted in the belief that every senior deserves to live with dignity and independence, and their programs reflect this commitment. By providing rental assistance, Elder-Aid plays a crucial role in empowering elderly individuals, allowing them to manage their daily lives with ease and independence.
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Impact
July, 2024
Elder-Aid's impact can be seen in the lives of elderly individuals who are able to maintain their independence with the organization's support. By providing assistance with rent, utilities, and other direct expenses, Elder-Aid helps seniors continue living in their own homes rather than having to rely on institutional care or becoming homeless. This support not only improves the quality of life for the elderly recipients but also relieves financial burdens and reduces social isolation. Elder-Aid's programs, such as rental assistance, directly contribute to preserving the dignity and well-being of vulnerable older adults in the Bryan, TX community.
This information is meant to be a general summary of Elder-Aid. 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: $109
- Program Service Revenue: $301,239
- Gross Receipts: $770,546
Assets and Liabilities:
- Total Assets: $3,164,568
- Total Liabilities: $9,669
- Net Assets: $3,154,899
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSISTANCE FOR THE ELDERLY
Revenue
$301,239
Organization Details
Phone
(979) 823-5127Principal Officer
James Thomas
Main Address
307 S MAIN 202, BRYAN, TX, 77803
Website
www.elderaidbcs.orgNTEE Category
Code: P81Z - Human services
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