Overview
What is Reserve Elder Service Inc?
Reserve Elder Service Inc is a nonprofit organization based in New York, NY, headed by Christine McMahon. Their mission is to empower older adults in addressing societal challenges. They specifically focus on supporting individuals dealing with substance use disorders and mental illness, doing so through senior centers and services. This organization aims to make a positive impact in the community by leveraging the skills and experiences of older adults.
Official website here: www.reserveinc.org
What are the reviews and ratings of this charity?
Reserve Elder Service Inc has earned an 81% rating from Charity Navigator, which translates to a Three-Star out of Four Star rating. This score reflects a solid foundation in Accountability & Finance, underscored by significant strengths including a fully independent board and a robust audit and oversight framework. The organization excels with 100% of its board members being independent and no reported material diversion of assets, showcasing a commitment to transparency and governance.
Despite these strengths, there are areas that require attention. The organization's Tax Form is not available on its website, resulting in a score of zero for that aspect. Furthermore, the liabilities to assets ratio is quite high at 211.90%, indicating potential financial risk, which could be a concern for current and prospective donors.
Unfortunately, there were no user reviews available from GreatNonprofits to provide additional insights on the organization's impact or community perception. This absence leaves a gap in understanding the direct experiences of individuals involved with Reserve Elder Service Inc. Overall, while the organization demonstrates strong governance practices, the financial ratio and lack of accessible tax information are noteworthy limitations.
This AI summary has been generated from information found on Charity Navigator.
Is Reserve Elder Service Inc legitimate?
Reserve Elder Service Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reserve Elder Service 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: $722,811
For more financial information, click here
Official website here: www.reserveinc.org
What is the mission statement of Reserve Elder Service Inc?
Reserve Elder Service Inc's mission is centered around empowering an older generation to contribute to addressing societal challenges. Specifically, the organization focuses on supporting individuals dealing with substance use disorders and mental illness. This is accomplished through senior centers and services, ensuring they have the resources needed to make a positive impact.
Official website here: www.reserveinc.org
Who is the CEO of Reserve Elder Service Inc?
Christine Mcmahon is the President & Ceo Of Fedcap of Reserve Elder Service Inc. The CEO's salary of Reserve Elder Service Inc is $0 and their total compensation is $755,901.
Official website here: www.reserveinc.org
What is the revenue of Reserve Elder Service Inc?
Reserve Elder Service Inc's revenue in 2022 was $8,137,834.
Official website here: www.reserveinc.org
Who are the executives of Reserve Elder Service Inc and what are their salaries?
Here are 11 key members and their salaries (Reserve Elder Service Inc's CEO's salary is $0 and their total compensation is $755,901):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $586,943
- Other: $168,958
- Compensation: $0
- Related: $271,616
- Other: $27,193
- Compensation: $0
- Related: $199,905
- Other: $8,151
- Compensation: $0
- Related: $160,394
- Other: $23,202
Official website here: www.reserveinc.org
Where can I find the form 990 for Reserve Elder Service Inc?
Reserve Elder Service Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reserveinc.org
Learn more at the official website: www.reserveinc.org
Mission Statement of Reserve Elder Service Inc
Reserve Elder Service Inc is committed to empowering a generation of older adults by engaging them in addressing societal challenges. At the heart of its mission, Reserve Elder Service Inc supports individuals grappling with substance use disorders and mental illness. This nonprofit organization operates through senior centers and services, demonstrating its dedication to making a significant impact in people's lives. Led by Christine McMahon in New York, NY, Reserve Elder Service Inc is dedicated to fostering an environment where older adults can contribute to solving societal issues while providing essential aid to those struggling with substance abuse and mental health concerns.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Reserve Elder Service Inc empowers a generation of older adults to contribute their skills and experience to help solve societal challenges. Led by Christine McMahon in New York, NY, the organization supports individuals with substance use disorders and mental illness through senior centers and services. Their focus on providing meaningful employment opportunities for older adults not only benefits the individuals they serve but also has a positive impact on the community as a whole. Their work embodies the power of leveraging the talents of older adults to make a difference in the lives of vulnerable populations.
This information is meant to be a general summary of Reserve Elder Service 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: $47
- Program Service Revenue: $8,062,720
- Gross Receipts: $8,137,834
Assets and Liabilities:
- Total Assets: $1,825,539
- Total Liabilities: $3,868,466
- Net Assets: -$2,042,927
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REHAB AND VOCATIONAL PROGRAMS
Revenue
$7,873,276
CONTRACT SERVICES AND FACILITIES
Revenue
$189,444
Organization Details
Founding Year
2005
Phone
(212) 727-4335Principal Officer
Christine Mcmahon
Main Address
633 THIRD AVENUE 6TH FL, NEW YORK, NY, 10017
Website
www.reserveinc.orgNTEE Category
Code: J20 - Employment
If you are a representative of Reserve Elder Service Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.