SOUTH FLORIDA INSTITUTE ON AGING INC

EIN: 591297932 501(c)(3) Youth Development

FORT LAUDERDALE, FL

Total Revenue
$1,557,726
Total Expenses
$1,730,861
Total Assets
$393,328
Net Assets
$63,408
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
FL
Principal Officer
CRESHA REID
Phone
9544847117
Tax Period
2023-07-01 to 2024-06-30

SOUTH FLORIDA INSTITUTE ON AGING INC, founded in 1970, is a community nonprofit in the Youth Development sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

SOFIA IMPROVES ECONOMIC AND SOCIAL INSIGHTS AND SERVICES TO EMPOWER PEOPLE AS THEY AGE.

Program Service Accomplishments

Program 1
Expenses: $731,006

FOSTER GRANDPARENT PROGRAM:OLDER ADULTS 55 YEARS OF AGE AND BETTER PROVIDE ONE ON ONE TUTORINGAND MENTORING TO YOUTH FROM INFANCY TO 21 YEARS OF AGE WITH EXCEPTIONAL OR SPECIAL NEEDS TO HELP INCREASE...

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FOSTER GRANDPARENT PROGRAM:OLDER ADULTS 55 YEARS OF AGE AND BETTER PROVIDE ONE ON ONE TUTORINGAND MENTORING TO YOUTH FROM INFANCY TO 21 YEARS OF AGE WITH EXCEPTIONAL OR SPECIAL NEEDS TO HELP INCREASE THEIR LITERACY, SOCIAL & EMOTIONAL DEVELOPMENT, AND OVERALL ACADEMIC ENGAGEMENT.

Program 2
Expenses: $518,491

SENIOR COMPANION:PROVIDES SUPPORTIVE PERSON-TO-PERSON SERVICES TO ASSIST FRAIL, ELDERLY AND DISABLED ADULTS IN ORDER FOR THEM TO MAINTAIN INDEPENDENCE.

Program 3
Expenses: $280,459

RETIRED AND SENIOR VOLUNTEER PROGRAM:THIS PROGRAM ENGAGES ADULTS 55+ IN MEANINGFUL SERVICE THAT SUPPORTS OLDER ADULTS, VETERANS, AND FAMILIES IN BROWARD COUNTY. VOLUNTEERS PROVIDE DIGITAL LITERACY...

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RETIRED AND SENIOR VOLUNTEER PROGRAM:THIS PROGRAM ENGAGES ADULTS 55+ IN MEANINGFUL SERVICE THAT SUPPORTS OLDER ADULTS, VETERANS, AND FAMILIES IN BROWARD COUNTY. VOLUNTEERS PROVIDE DIGITAL LITERACY AND ONE-ON-ONE TECH SUPPORT THROUGH SOFIA TECH SERVICES, HELP VETERANS AND MILITARY FAMILIES ACCESS CARE AT VA CLINICS, AND ASSIST WITH MEALS, ACTIVITIES, AND ADMIN SUPPORT AT LOCAL COMMUNITY CENTERSKEEPING OLDER ADULTS CONNECTED, SUPPORTED, AND ENGAGED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,569,605
Program Service Revenue $0
Investment Income $0
Other Revenue $-11,879
TOTAL REVENUE $1,557,726

Expense Breakdown

Grants Paid $685,859
Salaries & Benefits $793,260
Fundraising Expenses $90,536
Program Expenses $1,529,956
Other Expenses $251,742
TOTAL EXPENSES $1,730,861

Year-over-Year Comparison

2023 2022 Change
Revenue $1,557,726 $1,600,991 0.0%
Expenses $1,730,861 $1,617,401 +0.1%
Net Income $-173,135 $-16,410 +9.6%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
15
Volunteers
315

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
3
$121,146
Total Directors
11
$121,146
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADRIAN M PARKER CHAIR 2.00
Officer Director
$0 $0 $0
LYNN BREWER VICE CHAIR & TREASURER 2.00
Officer Director
$0 $0 $0
GLEN BENJAMIN DIRECTOR 2.00
Director
$0 $0 $0
VANESSA D GRAHAM DIRECTOR 2.00
Director
$0 $0 $0
ARNOLD MONTGOMERY DIRECTOR 2.00
Director
$0 $0 $0
ALINA M PEREZ DIRECTOR 2.00
Director
$0 $0 $0
TED L PERRELLA CPA DIRECTOR 2.00
Director
$0 $0 $0
ALETHIA HOUSEN DIRECTOR 2.00
Director
$0 $0 $0
MARC TRAJAN DIRECTOR 2.00
Director
$0 $0 $0
M DENISE SIMMONS DIRECTOR 2.00
Director
$0 $0 $0
CRESHA REID PRESIDENT AND CEO 40.00
Officer Director
$109,526 $11,620 $121,146
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
2025 No data No data No data No data
2024 $1,557,726 $1,730,861 $393,328 $-173,135
2023 $1,600,491 $1,616,901 $507,467 $-16,410
2022 $2,249,216 $1,966,772 $782,969 $282,444
2021 $2,237,668 $2,395,798 $509,805 $-158,130
2020 $2,482,953 $2,287,729 $681,133 $195,224
2019 $1,952,859 $2,030,852 $470,476 $-77,993
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