Elderhouse Inc

Nonprofit profile at a glance

EIN
060963343
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Norwalk, CT, USA
Phone
2038471998
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Adult Day Care

Official website

Reported finances

Revenue
$1,551,389
Expenses
$1,288,814
Assets
$2,637,237
Liabilities
$34,508

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • CHARLES F CARROLL ESQ (PRESIDENT)
  • PAUL GARAVEL (VICE PRESIDENT)
  • JULIA SCHWARTZ-LEEPER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JULIA SCHWARTZ-LEEPER (EXECUTIVE DIRECTOR): $142,506 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Elderhouse promotes the health and wellbeing of aging adults through a holistic medical model adult day program led by a passionate team of therapeutic recreation professionals, health aides, and nurses specially trained to support the unique needs of each individual. At the center, we foster an environment of inclusivity and enrichment through activities centered on celebrating personal successes. We ensure safety through personal attention and dependable door-to-door transportation. We build trust with families, offering caregivers respite from caregiving duties and peace of mind knowing their loved ones are in our care.

What it reported doing in 2024

Adult day services: elderhouse adult day center is a state certified medical and social model adult day center. Our focus is to provide care for older adults with cognitive and or medical conditions that require supervision and personal care. Older adults are provided door-to-door transportation to and from elderhouse where they benefit from: daily medical monitoring by a registered nurse; personal care by certified health aides; therapeutic recreation, musical programs, and memory enhancement activities; as well as social and community engagement. In turn, family caregivers benefit from hours of reliable respite, caregiver counseling and group support. The combination of a highly effective care environment for older adults and respite for caregivers, leads to a higher quality of life for both. The care at elderhouse achieves 3 major objectives:(1) support older adults to remain in their own homes,(2) to reduce the rate of emergency room visits and hospital readmissions, and(3) to improve the quality of life our adults through social connection.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 65
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.4%; rating input score 72
  • Program expense ratio: 84.6%; rating input score 85
  • Fundraising efficiency: $12.5 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 16.9%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 2.05; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 11.1%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: -0.6% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: -1.3% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: 2.9% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 72.4% of revenue deployed · 84.6% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $1.1M in reported program spending
  • Leadership: top reported pay $143K · 16 people listed
  • Consistency: 37 of 37 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 45/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.