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Senior Network Inc

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

EIN: 521645647 ✦ Waldorf, MD ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Craig D Lakin (Executive Director)
  • Compensation: $154,700
  • Related: $0
  • Other: $0

    • Kevin Holohan (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kurt Martin (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Mcconnell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.seniornetwork.org

    Where can I find the form 990 for Senior Network Inc?

    The 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.

    Impact

    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.




    Saturday, July 20, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Craig D Lakin

    Main Address

    11665 DOOLITTLE DRIVE, WALDORF, MD, 20602

    NTEE Category

    Code: P700 - Human services

    If you are a representative of Senior Network 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.