AREA AGENCY ON AGING FOR

EIN: 591854441 501(c)(3)

FORT MYERS, FL

Total Revenue
$29,670,770
Total Expenses
$28,113,249
Total Assets
$12,835,866
Net Assets
$5,678,847
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
FL
Principal Officer
WENDY BOAZ-HAYES
Phone
2396526900
Tax Period
2023-01-01 to 2023-12-31

AREA AGENCY ON AGING FOR, founded in 1978, is a mid-sized nonprofit that reported $29.7M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $28.1M left a modest 5% surplus.

Mission

THE AGENCY IS ONE OF ELEVEN AREA AGENCIES ON AGING IN THE STATE OF FLORIDA PROVIDING ASSISTANCE FOR THE DEVELOPMENT, PLANNING AND ADMINISTRATION OF SERVICE PROGRAMS FOR THE ELDERLY. THE AGENCY'S SERVICE AREA INCLUDES CHARLOTTE, COLLIER, DESOTO, GLADES, HENDRY, LEE AND SARASOTA COUNTIES. THE AGENCY IS RESPONSIBLE FOR DEVELOPING AN AREA PLAN AND SUBGRANTING FEDERAL AND STATE FUNDS TO DIRECT PROVIDERS OF SERVICES FOR OLDER PERSONS TO ACHEIVE THE PLAN GOALS.

Program Service Accomplishments

Program 1
Expenses: $8,589,344

OLDER AMERICAN ACT (OAA)- TITLE 3B, C1, C2, 3E - FOSTERS THE DEVELOPMENT OF COMMUNITY BASED SYSTEMS OF SERVICE FOR OLDER PERSONS AND PROVIDES SUPPORTIVE SERVICES (MEALS, HOMEMAKING, PERSONAL CARE...

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OLDER AMERICAN ACT (OAA)- TITLE 3B, C1, C2, 3E - FOSTERS THE DEVELOPMENT OF COMMUNITY BASED SYSTEMS OF SERVICE FOR OLDER PERSONS AND PROVIDES SUPPORTIVE SERVICES (MEALS, HOMEMAKING, PERSONAL CARE, ACCESS) ALONG WITH SERVICES TO CAREGIVERS. THIS ALSO INCLUDES MEETING NUTRITIONAL NEEDS OF THE SENIORS UNDER TITLE C1 AND C2 BY PROVIDING NUTRITIONAL SERVICES IN A CONGREGATE MEAL SITE OR BY MEALS DELIVERED TO THE SENIORS HOME. 2,735 CLIENTS WERE SERVED.

Program 2
Expenses: $11,543,050

GENERAL REVENUE - CCE, HCE, ADI, RESPITE RELIEF - PROVIDES IN HOME SERVICES TO THE LOW INCOME, FRAIL SENIORS OVER AGE 60 WITH THE GOAL BEING TO REDUCE OR DELAY PREMATURE OR INAPPROPRIATE AND...

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GENERAL REVENUE - CCE, HCE, ADI, RESPITE RELIEF - PROVIDES IN HOME SERVICES TO THE LOW INCOME, FRAIL SENIORS OVER AGE 60 WITH THE GOAL BEING TO REDUCE OR DELAY PREMATURE OR INAPPROPRIATE AND EXPENSIVE PLACEMENT OF OLDER PERSONS IN NURSING HOMES AND OTHER INSTITUTIONS. 5,852 SENIORS WERE ABLE TO REMAIN IN THEIR OWN HOMES LONGER BY PARTICIPATING IN THESE PROGRAMS. BY HELPING A SENIOR REMAIN AT HOME THEIR QUALITY OF LIFE IS BETTER AND THE COST OF SUPPORT CARE IS LESS COSTLY.

Program 3
Expenses: $2,963,327

VDC PROGRAM - THE NATIONWIDE VDC PROGRAM ALLOWS FOR VETERANS TO MANAGE THEIR OWN FLEXIBLE BUDGETS AND MAINTAIN LIVING AT HOME WITH DIGNITY. THE ADRC PROVIDES COUNSELING AND SUPPORT, CARE SERVICE...

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VDC PROGRAM - THE NATIONWIDE VDC PROGRAM ALLOWS FOR VETERANS TO MANAGE THEIR OWN FLEXIBLE BUDGETS AND MAINTAIN LIVING AT HOME WITH DIGNITY. THE ADRC PROVIDES COUNSELING AND SUPPORT, CARE SERVICE PLANNING, AND FISCAL MANAGEMENT SERVICES.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $29,797,414
Program Service Revenue $0
Investment Income $-126,644
Other Revenue $0
TOTAL REVENUE $29,670,770

Expense Breakdown

Grants Paid $21,010,686
Salaries & Benefits $2,698,960
Fundraising Expenses $19,993
Program Expenses $25,203,571
Other Expenses $4,403,603
TOTAL EXPENSES $28,113,249

Year-over-Year Comparison

2023 2022 Change
Revenue $29,670,770 $23,649,863 +0.3%
Expenses $28,113,249 $23,174,662 +0.2%
Net Income $1,557,521 $475,201 +2.3%
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
9
Independent Members
9
Employees
54
Volunteers
87

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
6
$219,912
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCIELA MORADO EXEC DIR AFT 40.00
Officer
$124,629 $0 $124,629
RICHARD COCCHIERI CFO 40.00
Officer
$95,283 $0 $95,283
GARRETT ANDERSON OFFICER 5.00
Director
$0 $0 $0
SUSAN BERGER DIRECTOR 5.00
Director
$0 $0 $0
WENDY BOAZ-HAYES CHAIR 5.00
Officer Director
$0 $0 $0
DAVE BOERKOEL TREASURER 5.00
Officer Director
$0 $0 $0
DR LESLEY CLACK DIRECTOR 5.00
Director
$0 $0 $0
JAHA CUMMINGS DIRECTOR 5.00
Director
$0 $0 $0
DAN KATZ DIRECTOR 5.00
Director
$0 $0 $0
PAM KELLER SECRETARY 5.00
Officer Director
$0 $0 $0
DR DENISE MCNULTY DIRECTOR 5.00
Director
$0 $0 $0
DEREK ROONEY PA DIRECTOR 5.00
Director
$0 $0 $0
BETH PRATHER VICE CHAIR 5.00
Officer Director
$0 $0 $0
VICTORIA STARYK DIRECTOR 5.00
Director
$0 $0 $0
CHRISTINA STEWART DIRECTOR 5.00
Director
$0 $0 $0
MERIAM JACKIE WALKER DIRECTOR 5.00
Director
$0 $0 $0
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 No data No data No data No data
2023 $29,670,770 $28,113,249 $12,835,866 $1,557,521
2022 $23,649,863 $23,174,662 $10,470,596 $475,201
2021 $21,154,051 $20,529,408 $7,137,092 $624,643
2020 $20,333,231 $19,612,995 $5,583,211 $720,236
2019 $20,170,306 $19,719,708 $5,034,429 $450,598
2018 $18,346,048 $18,060,899 $3,672,174 $285,149
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