Liabilities / Assets
80th percentile
Higher debt load relative to assets than 80% of similar nonprofits.
EIN 61-6024140 • 501(c)3 • Louisville, KY
Profile
Elderserve, Inc. provides services to empower older adults to live independently with dignity in Louisville/Jefferson County.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
80th percentile
Higher debt load relative to assets than 80% of similar nonprofits.
Liabilities / Revenue
87th percentile
Higher debt load relative to revenue than 87% of similar nonprofits.
Net Margin
85th percentile
Higher net margin than 85% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
92nd percentile
Faster asset growth than 92% of similar nonprofits.
Revenue Growth
78th percentile
Faster revenue growth than 78% of similar nonprofits.
Assets
Up$3,509,999
Up $662,238 (+23%) from 2023
Liabilities
Up$1,529,848
Up $22,140 (+1.5%) from 2023
Net Assets
Up$1,980,151
Up $640,098 (+48%) from 2023
Revenue
Up$1,660,163
Up $692,490 (+72%) from 2023
Expenses
Up$1,020,067
Up $508,168 (+99%) from 2023
Net Income
Up$640,096
Up $184,322 (+40%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
Elderserve, Inc. provides services to empower older adults to live independently with dignity in Louisville/Jefferson County.
Elderserve, inc. Provides services empower older adults to live independently with dignity in louisville/jefferson county.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,301,389 | $2,527,912 | ▲ $1,226,523 |
| Accounts Receivable | $1,074,069 | $753,975 | ▼ $320,094 |
| Cash and Non-Interest-Bearing Accounts | $269,578 | $49,160 | ▼ $220,418 |
| Intangible Assets | $5,000 | $10,730 | ▲ $5,730 |
| Other Notes and Loans Receivable, Net | - | $7,835 | - |
| Prepaid Expenses and Deferred Charges | $42,236 | $2,110 | ▼ $40,126 |
| Total Assets | $2,847,761 | $3,509,999 | ▲ $662,238 |
| Other Assets Total | $155,489 | $158,277 | ▲ $2,788 |
| Liabilities | |||
| Other Liabilities | $1,220,758 | $919,892 | ▼ $300,866 |
| Mortgage Notes Payable Secured by Investment Property | $257,499 | $527,747 | ▲ $270,248 |
| Accounts Payable and Accrued Expenses | $29,451 | $82,209 | ▲ $52,758 |
| Total Liabilities | $1,507,708 | $1,529,848 | ▲ $22,140 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,159,045 | $1,799,143 | ▲ $640,098 |
| Net Assets With Donor Restrictions | $181,008 | $181,008 | → $0 |
| Total Net Assets Fund Balance | $1,340,053 | $1,980,151 | ▲ $640,098 |
| Total Liabilities and Net Assets / Fund Balance | $2,847,761 | $3,509,999 | ▲ $662,238 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $2,274,401 | $437,938 | - |
| Other Land Buildings | $0 | $109,710 | - |
| Land | $66,980 | - | - |
| Equipment | $186,531 | $288,559 | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Timothy Findley Jr | Chief Executive Officer | FT | $120,000 | $120,000 |
| Name | Title |
|---|---|
| Kirstie Matzek | President |
| A Frazier Curry | Director |
| Corenza Townsend | Director |
| Dayn'l Beeler | Director |
| Julia Meredith | Director |
| La'Keisha James | Director |
| Monica Moman-Saunders | Director |
| Tracy Davis | Director |
| Barbra Gordon | Secretary |
| Line Item | Amount |
|---|---|
| Other Expenses | $606,005 |
| Salaries, Compensation, and Employee Benefits | $414,062 |
| Total Fundraising Expense | $13,215 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Comp Disqual Persons | $108,150 | $129,729 | - | $237,879 |
| Occupancy | - | $156,666 | - | $156,666 |
| Current Officers, Directors, Trustees, and Key Employees | - | $120,000 | - | $120,000 |
| Fees for Services Other | - | $117,787 | - | $117,787 |
| Insurance | - | $55,977 | - | $55,977 |
| Depreciation Depletion | - | $50,989 | - | $50,989 |
| Fees for Services Accounting | - | $43,162 | - | $43,162 |
| All Other Expenses | $21,837 | $10,702 | - | $32,539 |
| Other Employee Benefits | $8,904 | $20,707 | - | $29,611 |
| Payroll Taxes | $8,220 | $18,352 | - | $26,572 |
| Interest | - | $21,720 | - | $21,720 |
| Other Expenses | $19,380 | $17,270 | $13,215 | $17,270 |
| Advertising | - | $7,849 | - | $7,849 |
| Information Technology | - | $5,015 | - | $5,015 |
| Office Expenses | - | $3,768 | - | $3,768 |
| Conferences and Meetings | - | $122 | - | $122 |
| Total Functional Expenses | $227,037 | $779,815 | $13,215 | $1,020,067 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Deferred Revenue - Conditional Grants Awarded | $753,975 |
| Client Accounts | $158,277 |
| Suspense Clearing Account | $7,640 |
“Part vi, line 11b: an electronic copy of the completed form 990 is emailed to management for their review and comments prior to filing the form”
“Annually, each member of the board of directors is asked to complete an affirmation of compliance and a disclosure statement. The disclosure statements are then reviewed by the ceo and cfo to determine any need for additional information. A record is kept of all transactions in which a person has a conflict of interest and the procedures followed in such instances.”
“The ceo prepares a self-evaluation and is evaluated based on goals and objectives for the year by the executive committee. The compensation amount is determined primarily through conmparable data and is approved by the executive committee., other officers and employees are evaluated internally and compensation is determined primarily by comparable data.”
“The organization's financial statements are available on guidestar and upon request. Governing documents and the conflict of interest policy are also available upon request. An annual report that includes financial information”
“ElderServe's Senior Center program services provides a safe, supportive, and engaging environment for independent older adults, operating Monday through Friday. Services include transportation to and from the center, daily activities such as Tai Chi, music classes, and games, as well as health and wellness workshops that promote physical and mental well-being. The program helps reduce isolation, supports caregivers, and includes nutritious meals and educational sessions to encourage healthy lifestyles and social connection.”
“Networking & IT Services: Program service expenses 0. Management and general expenses 11,153. Fundraising expenses 0. Total expenses 11,153. Other Professional Fees: Program service expenses 0. Management and general expenses 106,634. Fundraising expenses 0. Total expenses 106,634.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 753975 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | ELDERSERVE, INC. PROVIDES SERVICES EMPOWER OLDER ADULTS TO LIVE INDEPENDENTLY WITH DIGNITY IN LOUISVILLE/JEFFERSON COUNTY. |
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| IRS990/AdvertisingGrp/TotalAmt | 0 | 7849 |
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| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 10702 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 21837 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 32539 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
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| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 631 S 28th Street |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 49160 |
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| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 120000 |
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| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 237879 |
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| IRS990/CompensationProcessOtherInd | 0 | 1 |
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| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 122 |
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| IRS990/CYOtherRevenueAmt | 0 | 27700 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | 640096 |
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| IRS990/CYTotalExpensesAmt | 0 | 1020067 |
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| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 181008 |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 43162 |
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| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 8220 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 26572 |
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| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 2110 |
| IRS990/PrincipalOfficerNm | 0 | Timothy Findley Jr |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | Other Income Part II, Line 10 Description: Other Income 2016: 102605. 2017: 31514. 2018: 12953. 2019: 5390. 2020: 6472. 2021: 20915. 2022: 1200. 2023: 27,700 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Pt II Ln 10 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ElderServe's Senior Center program services provides a safe, supportive, and engaging environment for independent older adults, operating Monday through Friday. Services include transportation to and from the center, daily activities such as Tai Chi, music classes, and games, as well as health and wellness workshops that promote physical and mental well-being. The program helps reduce isolation, supports caregivers, and includes nutritious meals and educational sessions to encourage healthy lifestyles and social connection. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PART VI, LINE 11B: AN ELECTRONIC COPY OF THE COMPLETED FORM 990 IS EMAILED TO MANAGEMENT FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING THE FORM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ANNUALLY, EACH MEMBER OF THE BOARD OF DIRECTORS IS ASKED TO COMPLETE AN AFFIRMATION OF COMPLIANCE AND A DISCLOSURE STATEMENT. THE DISCLOSURE STATEMENTS ARE THEN REVIEWED BY THE CEO AND CFO TO DETERMINE ANY NEED FOR ADDITIONAL INFORMATION. A RECORD IS KEPT OF ALL TRANSACTIONS IN WHICH A PERSON HAS A CONFLICT OF INTEREST AND THE PROCEDURES FOLLOWED IN SUCH INSTANCES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE CEO PREPARES A SELF-EVALUATION AND IS EVALUATED BASED ON GOALS AND OBJECTIVES FOR THE YEAR BY THE EXECUTIVE COMMITTEE. THE COMPENSATION AMOUNT IS DETERMINED PRIMARILY THROUGH CONMPARABLE DATA AND IS APPROVED BY THE EXECUTIVE COMMITTEE., OTHER OFFICERS AND EMPLOYEES ARE EVALUATED INTERNALLY AND COMPENSATION IS DETERMINED PRIMARILY BY COMPARABLE DATA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON GUIDESTAR AND UPON REQUEST. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST. AN ANNUAL REPORT THAT INCLUDES FINANCIAL INFORMATION |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Networking & IT Services: Program service expenses 0. Management and general expenses 11,153. Fundraising expenses 0. Total expenses 11,153. Other Professional Fees: Program service expenses 0. Management and general expenses 106,634. Fundraising expenses 0. Total expenses 106,634. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part III, line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part IX, line 11g |
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