RESERVE ELDER SERVICE INC

EIN: 810665063 501(c)(3) Employment

NEW YORK, NY

Total Revenue
$5,293,795
Total Expenses
$5,421,081
Total Assets
$1,652,017
Net Assets
$-2,308,386
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NY
Principal Officer
CHRISTINE MCMAHON
Phone
2127274335
Tax Period
2023-10-01 to 2024-09-30

RESERVE ELDER SERVICE INC, founded in 2005, is a community nonprofit in the Employment sector that reported $5.3M in total revenue in fiscal year 2023.

Mission

RESERVE IS AN INNOVATIVE NONPROFIT THAT MATCHES CONTINUING PROFESSIONALS AGE 50+ (RESERVISTS) WITH ORGANIZATIONS THAT NEED THEIR EXPERTISE. NONPROFITS AND PUBLIC AGENCIES (PARTNERS) CAN TAP INTO A LIFETIME OF EXPERIENCE TO FILL CRUCIAL STAFFING GAPS AT AFFORDABLE RATES. RESERVISTS CAN DO GREAT THINGS FOR THEIR COMMUNITIES WHILE THEY PUT THEIR PROFESSIONAL EXPERTISE TO WORK ON PART-TIME SERVICE PROJECTS, IN EXCHANGE FOR A MODEST HOURLY STIPEND. RESERVE PARTNERS WITH NONPROFIT ORGANIZATIONS, PUBLIC INSTITUTIONS AND GOVERNMENT AGENCIES OF ALL SIZES, BUDGETS AND MISSIONS. WE CURRENTLY OPERATE IN BALTIMORE, SOUTH FLORIDA, MILWAUKEE, NEWARK, NEW YORK CITY, AND WESTCHESTER COUNTY. RESERVISTS COME FROM ALL WALKS OF LIFE, AND INCLUDE MARKETING MANAGERS, SOCIAL WORKERS, ARTISTS, ADMINISTRATIVE ASSISTANTS, HR PROFESSIONALS, AND FINANCIAL ANALYSTS, AS WELL AS PEOPLE WHO HAVE WORKED AT ALL LEVELS IN HEALTH CARE, BANKING, ADVERTISING, EDUCATION AND GOVERNMENT. RESERVISTS PROVIDE DIRECT SERVICES, ADMINISTRATIVE SUPPORT, AND CAPACITY-BUILDING EXPERTISE IN SCHOOLS, SOCIAL SERVICE AGENCIES, CULTURAL INSTITUTIONS, AND PUBLIC AGENCIES. MANY USE THEIR EXPERIENCE WITH RESERVE TO LAUNCH NEW CAREERS IN THE NONPROFIT SECTOR.

Program Service Accomplishments

Program 1
Expenses: $4,725,702 Revenue: $5,270,220

RESERVE MATCHES THE TALENT OF ACCOMPLISHED PROFESSIONALS, AGE 50+, (RESERVISTS) WITH THE EXPRESSED NEEDS OF GOVERNMENT AND SOCIAL SERVICES AGENCIES TO HELP FILL CRITICAL WORKFORCE GAPS. RESERVISTS...

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RESERVE MATCHES THE TALENT OF ACCOMPLISHED PROFESSIONALS, AGE 50+, (RESERVISTS) WITH THE EXPRESSED NEEDS OF GOVERNMENT AND SOCIAL SERVICES AGENCIES TO HELP FILL CRITICAL WORKFORCE GAPS. RESERVISTS BRING THEIR EXPERTISE TO WORK ON PART-TIME SERVICE PROJECTS IN EXCHANGE FOR A MODEST HOURLY STIPEND. IN ADDITION TO CAPACITY BUILDING WITHIN THE NONPROFIT AND GOVERNMENT SECTORS, RESERVE ESTABLISHED THREE SOCIAL IMPACT AREAS: - EDUCATION - HEALTH CARE - POVERTY FIGHTING RESERVE'S MISSION IS TO LEVERAGE THE SKILLS AND EXPERIENCE OF RESERVISTS TO COMBAT SIGNIFICANT SOCIETAL ISSUES. RESERVE OFFERS TARGETED RESOURCES IN THE AREAS OF EDUCATION THROUGH ITS TRUANCY FIGHTING AND COLLEGE READINESS PROGRAMS; HEALTH CARE THROUGH ITS HEALTH CARE NAVIGATOR AND DEMENTIA CARE COACHING PROGRAMS; AND POVERTY FIGHTING THROUGH ITS EFFORTS TO ASSIST PEOPLE OBTAIN CRITICAL SUPPORTS, SUCH AS NUTRITION ASSISTANCE. SINCE 2005, 800 COMMUNITY PARTNERS HAVE UTILIZED THE SKILLS AND TALENTS OF RESERVISTS. IN THESE ORGANIZATIONS, RESERVISTS ARE BUILDING CAPACITY, SAVING CRITICAL RESOURCES, ENABLING ORGANIZATIONS AND IMPROVING THEIR PERFORMANCE IN KEY OPERATIONAL AREAS. PEOPLE JOIN RESERVE FOR ITS VARIETY OF PERSONAL OPTIONS: TO GIVE BACK, TRY NEW THINGS, CHALLENGE THEMSELVES, LEARN NEW SKILLS, AND/OR CONNECT WITH A CAUSE THAT IS IMPORTANT TO THEM. THE VAST MAJORITY OF RESERVISTS, 84% FIND FULFILLMENT WITH PART-TIME ASSIGNMENTS. ENGAGING RETIRED AND/OR OLDER ADULT PROFESSIONALS GENERATES A RANGE OF POSITIVE RESULTS FOR ALL CONCERNED. RESEARCH SUGGESTS THAT STAYING ENGAGED IN ORGANIZATIONS LIKE RESERVE LEADS TO PHYSICAL, SOCIO-EMOTIONAL, AND COGNITIVE BENEFITS FOR THE OLDER ADULT. THOSE OLDER ADULTS WHO REMAIN ENGAGED HAVE LOWER MORTALITY RATES AND ARE LESS LIKELY TO EXPERIENCE VARIOUS PHYSICAL AND MENTAL ILLNESSES. THEY ARE ALSO MORE LIKELY TO RETAIN A STRONG SENSE OF IDENTITY AND WELL-BEING. FOR MORE INFORMATION ABOUT RESERVE'S PROGRAMS, PLEASE CHECK OUR WEBSITE AT WWW.RESERVEINC.ORG.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,500
Program Service Revenue $5,270,220
Investment Income $5,075
Other Revenue $0
TOTAL REVENUE $5,293,795

Expense Breakdown

Grants Paid $4,146,452
Salaries & Benefits $470,944
Fundraising Expenses $0
Program Expenses $4,725,702
Other Expenses $803,685
TOTAL EXPENSES $5,421,081

Year-over-Year Comparison

2023 2022 Change
Revenue $5,293,795 $4,950,432 +0.1%
Expenses $5,421,081 $5,088,605 +0.1%
Net Income $-127,286 $-138,173 -0.1%
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
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
$1,502,023
Total Directors
6
$0
Key Employees
1
$184,102
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALISON PAVIA SECRETARY 1.00
Officer Director
$0 $0 $0
JAY B MARTIN CHAIRPERSON 1.00
Officer Director
$0 $0 $0
DIANE CAMPER DIRECTOR 1.00
Director
$0 $0 $0
LINDA P FRIED MD DIRECTOR (THRU 08/2024) 1.00
Director
$0 $0 $0
KATHLEEN KELLEY DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL M WEINSTEIN DIRECTOR (CHAIR EMERITUS) 1.00
Director
$0 $0 $0
CHRISTINE MCMAHON PRESIDENT & CEO OF FEDCAP 1.00
Officer
$0 $151,561 $891,927
CAROL KHOURY CFO OF FEDCAP 1.00
Officer
$0 $8,517 $347,921
KENNETH S BREZENOFF GEN COUNSEL & VP STRAT. IN 1.00
Officer
$0 $18,802 $262,175
ED BOLOGNINI EXECUTIVE DIRECTOR 28.00
Key Emp
$0 $22,703 $184,102
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 $5,293,795 $5,421,081 $1,652,017 $-127,286
2023 $4,950,432 $5,088,605 $1,621,516 $-138,173
2022 $8,137,834 $7,972,849 $1,825,539 $164,985
2021 $4,913,178 $4,571,134 $1,350,248 $342,044
2020 $3,336,570 $3,806,793 $656,246 $-470,223
2019 $4,683,844 $5,186,077 $1,569,338 $-502,233
2018 $4,740,839 $5,288,244 $1,152,543 $-547,405
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