GERIATRIC SERVICES INC

EIN: 223148274 501(c)(3) Human Services

TEANECK, NJ

Total Revenue
$4,521,140
Total Expenses
$4,496,982
Total Assets
$19,867,222
Net Assets
$5,617,367
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NJ
Principal Officer
ELIZABETH DAVIS
Phone
2016921000
Tax Period
2024-01-01 to 2024-12-31

GERIATRIC SERVICES INC, founded in 1991, is a community nonprofit in the Human Services sector that reported $4.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

OUR HEALTH CARE FACILITY PROVIDES SUPERVISED HOUSING TO APPROXIMATELY 65 RESIDENTS AGED 60 AND OLDER, WHO CAN NO LONGER LIVE INDEPENDENTLY AND HAVE LIMITED MEANS OF FINANCIAL SUPPORT. OUR MISSION IS TO PROVIDE A SAFE AND PLEASING HOME ENVIRONMENT FOR SENIORS. IN OUR FACILITY, EVERY RESIDENT RECEIVES SUPPORTIVE HEALTH AND SOCIAL SERVICES, REGARDLESS OF INCOME. BRIGHT SIDE MANOR IS A PLACE WHERE INDIVIDUALITY, DIGNITY, PRIVACY, CHOICE AND INDEPENDENCE ARE HONORED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,131,307
Program Service Revenue $3,299,306
Investment Income $7,925
Other Revenue $82,602
TOTAL REVENUE $4,521,140

Expense Breakdown

Grants Paid $110,000
Salaries & Benefits $3,070,869
Fundraising Expenses $56,061
Program Expenses $4,297,412
Other Expenses $1,316,113
TOTAL EXPENSES $4,496,982

Year-over-Year Comparison

2024 2023 Change
Revenue $4,521,140 $4,138,766 +0.1%
Expenses $4,496,982 $3,930,802 +0.1%
Net Income $24,158 $207,964 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
74
Volunteers
300

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$152,240
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLYN L LARKE PRESIDENT 1.00
Officer Director
$0 $0 $0
MATTHEW LEBER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ILENE J MARCUS TREASURER 1.00
Officer Director
$0 $0 $0
FRAN MONTELEONE RN SECRETARY 1.00
Officer Director
$0 $0 $0
KAREN BLICK TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL CANDULLO TRUSTEE 1.00
Director
$0 $0 $0
BRIAN D'AMICO TRUSTEE 1.00
Director
$0 $0 $0
MITCHELL DINNERSTEIN TRUSTEE 1.00
Director
$0 $0 $0
DOUGLAS J CIALLELLA TRUSTEE 1.00
Director
$0 $0 $0
WENDY MCGUIRE TRUSTEE 1.00
Director
$0 $0 $0
MARY ANN VAN CLIEF TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH DAVIS EXECUTIVE DIRECTOR 35.00
Officer
$125,000 $27,240 $152,240
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,521,140 $4,496,982 $19,867,222 $24,158
2023 $4,138,766 $3,930,802 $19,912,007 $207,964
2022 $4,268,218 $3,570,215 $19,731,101 $698,003
2021 $5,658,463 $2,910,338 $17,766,321 $2,748,125
2020 $3,152,845 $2,894,412 $16,488,062 $258,433
2019 $2,595,934 $2,703,078 $16,046,573 $-107,144
2018 $2,531,150 $2,656,037 $16,110,151 $-124,887
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