Aldersly INC FY2023 filing

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Provision of housing and nursing services to senior citizens.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$535K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $1.6M a year · 13% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$535K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $13.0M in investments, Pt X · Ln 11–13
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $70
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$75.4M
71% of total assets
Worth a look: liabilities are 71% of assets; over 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.7M
-28% vs prior year
Spent
$11.0M
To programs
85%
Net assets
$30.9M
By yearFY2020–FY2025
Revenue
$12.7M
FY2023▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$11.0M
FY2021$11.9M
FY2022$17.6M
FY2023$12.7M
FY2024$11.1M
FY2025$10.7M
Expenses
$11.0M
FY2023▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$11.1M
FY2021$10.2M
FY2022$9.7M
FY2023$11.0M
FY2024$12.4M
FY2025$11.1M
Net assets
$30.9M
FY2023▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$22.3M
FY2021$25.0M
FY2022$28.8M
FY2023$30.9M
FY2024$34.0M
FY2025$31.1M

From the FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $9.4M Management & general 15% · $1.6M Fundraising 0% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $535K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$200,000Pt VII · Sec A
$107,323Pt VII · Sec A
Executive Chef
$105,343Pt VII · Sec A
Plant Director
$104,053Pt VII · Sec A
Accounting Dir. (started 10/27/22)
$18,394Pt VII · Sec A
President
$0Pt VII · Sec A
Senior Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Shannon Brown’s $232K as Executive Director is at the 57th percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Gilbert Carrasco———$184,466$249,872$234,358
Shannon Brown$232,469$227,208$200,000———
Melanie Fenn$142,923$135,586————
Rosanne Angel—————$139,705
Esosa Omokaro—————$136,524
Inderpreet Kaur————$135,000—
Erosa Omokaro———$123,600——
Samantha Dougherty—————$120,975

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Aldersly INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides housing and nursing care for senior citizens.

Questions for Aldersly INC

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Your first name shows with your question. Aldersly INC answers here, for everyone.

3 programs · $9.0M · in their own filed words · FY2022
01

Independent Living Fees

Il includes living unit accommodation, 3 meals per day, utilities, window and floor coverings, towels & bed linens, weekly laundry service for towels & bed linens, housekeeping services every two weeks, SOCIAL/RECREATIONAL activities, maintenance of buildings and grounds.

$7.1Mprogram expense
02

Assisted Living Fees

Al includes all items provided in il plus the following: assistance with dressing, grooming, bathing & other personal hygiene; assistance with medication; arrangement of MEDICAL/DENTAL appointments; supervision of residents' SCHEDULES/ACTIVITIES; monitoring of food INTAKE/SPECIAL diets; carrying out physician's orders.

$983Kprogram expense
03

Extended Care Fees

Extended care includes all items provided in il & al and is a natural extension of the cozy, comfortable, connected atmosphere residents enjoy throughout all of aldersly. Whether a resident needs transitional care after a hospital or skilled nursing stay, or 24-HOUR monitored care for manageable chronic conditions, we have all the…

$951Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$70

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$12.7M
Ln 12
Fees for servicesLn 2g$7.4M
Gifts and grantsLn 1h$3.2M
Investment incomeLn 3$2.2M
Money outPt IX
$11.0M
Ln 25
Programscol B$9.4M
Managementcol C$1.6M
Fundraisingcol D$1K
Owns and owesPt X
$30.9M
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$106.3M
LiabilitiesLn 26$75.4M
PeoplePt VI, VII
16
listed · VII A
PaidVII A5
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.2M
Fees for servicesLn 2g$7.4M
Investment incomeLn 3$2.2M
Other incomeLn 4–11$27K
Gains on assetsLn 7$1.3M
Total revenueLn 12$12.7M
Assets in detailPt X, end of year
CashLn 1$468K
SavingsLn 2$3.8M
Cash and savings togetherLn 1–2$4.2M
Pledges and grants receivableLn 3$135K
Accounts receivableLn 4$96K
Inventories for sale or useLn 8$32K
Prepaid expenses and deferred chargesLn 9$803K
Land, buildings, equipmentLn 10c$23.6M
InvestmentsLn 11–13$13.0M
Other assetsLn 15$64.4M
Total assetsLn 16$106.3M
LiabilitiesLn 26$75.4M
Net assetsLn 32$30.9M
OperationsPt I, VI
EmployeesI 588
VolunteersI 630
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$64.0M
Bond issues listedSch K Pt I17
Raised by those issuesSch K Pt I$68.4M
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$103K
Share of the $4.2M endowmentSch D 1g2.5%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$4.2M$7.1M$10.9M$8.8M$8.3M
Given inLn 1b$4.2M$96K
SpentLn 1d–1f$8.3M$327K$265K$249K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.1M$4.2M
InvestmentsLn 11–13$12.5M$13.0M
Land, buildings, equipmentLn 10c$20.0M$23.6M
Total assetsLn 16$43.3M$106.3M
LiabilitiesLn 26$14.5M$75.4M
Net assetsLn 32$28.8M$30.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$389K$342K$47K
Other salaries and wagesLn 7$3.6M$3.2M$429K
Pension plan contributionsLn 8$60K$51K$9K
Other employee benefitsLn 9$930K$796K$133K
Payroll taxesLn 10$313K$269K$45K
Management feesLn 11a$630K$630K
Legal feesLn 11b$22K$22K
Accounting feesLn 11c$158K$158K
Investment management feesLn 11f$103K$103K
Other fees for servicesLn 11g$156K$111K$45K
Advertising and promotionLn 12$355K$227K$128K
Office expensesLn 13$167K$138K$28K$1K
Information technologyLn 14$192K$181K$11K
OccupancyLn 16$374K$354K$20K
TravelLn 17$11K$11K
InterestLn 20$850K$802K$48K
Depreciation, depletion and amortizationLn 22$853K$807K$46K
InsuranceLn 23$527K$283K$244K
Other expenses (24a–d)Ln 24$1.1M$1.1M$23K
All other expensesLn 24e$144K$77K$67K
Total functional expensesLn 25$11.0M$9.4M$1.6M$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 14, 2026 $10.7M$11.1M−$394K$31.1M 990 PDF
FY2024Filed with the IRS Aug 14, 2025 $11.1M$12.4M−$1.2M$34.0M 990 PDF
FY2023 ViewingFiled with the IRS Aug 14, 2024 $12.7M$11.0M$1.8M$30.9M 990 PDF
FY2022Filed with the IRS Aug 14, 2023 $17.6M$9.7M$7.8M$28.8M 990 PDF
FY2021Filed with the IRS Feb 8, 2023 $11.9M$10.2M$1.7M$25.0M 990 PDF
FY2020Filed with the IRS Aug 15, 2021 $11.0M$11.1M−$32K$22.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $12,731,299 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,828,760$3,153,726
I-9 Program service revenuePrior year $7,929,402$7,373,956
I-10 Investment incomePrior year $1,794,018$2,176,310
I-11 Other revenuePrior year $29,390$27,307
I-12 Total revenuePrior year $17,581,570$12,731,299
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,759,771$5,297,558
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,972,695$5,676,999
I-18 Total expensesPrior year $9,732,466$10,974,557
I-19 Revenue less expensesPrior year $7,849,104$1,756,742
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,731,299 across 8 lines filed
VIII-1f All other contributions, gifts and grants$3,153,726
VIII-1h Total contributions, gifts and grants$3,153,726
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,373,956$7,373,956
VIII-3 Investment incomeExcluded from tax $905,860$905,860
VIII-6 Net rental income or lossRelated to mission $22,573$22,573
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,270,450$1,270,450
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,734$4,734
VIII-12 Total revenueRelated to mission $7,396,529 · Unrelated business $0 · Excluded from tax $2,181,044$12,731,299
Part IX · Statement of functional expenses $10,974,557 across 20 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $341,563 · Management $47,012$388,575
IX-7 Other salaries and wagesPrograms $3,176,808 · Management $429,342$3,606,150
IX-8 Pension plan contributionsPrograms $51,271 · Management $8,577$59,848
IX-9 Other employee benefitsPrograms $796,341 · Management $133,212$929,553
IX-10 Payroll taxesPrograms $268,515 · Management $44,917$313,432
IX-11a Management feesPrograms $629,774$629,774
IX-11b Legal feesManagement $21,640$21,640
IX-11c Accounting feesManagement $158,435$158,435
IX-11f Investment management feesManagement $102,620$102,620
IX-11g Other fees for servicesPrograms $110,671 · Management $44,929$155,600
IX-12 Advertising and promotionPrograms $227,020 · Management $128,009$355,029
IX-13 Office expensesPrograms $137,946 · Management $28,027 · Fundraising $1,475$167,448
IX-14 Information technologyPrograms $181,266 · Management $10,896$192,162
IX-16 OccupancyPrograms $354,106 · Management $19,985$374,091
IX-17 TravelManagement $11,384$11,384
IX-20 InterestPrograms $801,671 · Management $48,190$849,861
IX-22 Depreciation, depletion and amortizationPrograms $807,234 · Management $45,833$853,067
IX-23 InsurancePrograms $282,945 · Management $244,029$526,974
IX-24 Other expenses (24a–d)Programs $1,112,289 · Management $23,052$1,135,341
IX-24e All other expensesPrograms $76,614 · Management $66,959$143,573
IX-25 Total functional expensesPrograms $9,356,034 · Management $1,617,048 · Fundraising $1,475$10,974,557
Part X · Balance sheet $106,254,004 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $514,916$468,023
X-2 Savings and temporary cash investmentsStart of year $606,724$3,779,671
X-3 Pledges and grants receivableStart of year $7,769,542$135,115
X-4 Accounts receivableStart of year $364,825$95,751
X-8 Inventories for sale or useStart of year $26,451$31,630
X-9 Prepaid expenses and deferred chargesStart of year $761,078$802,869
X-10c Land, buildings and equipment, netStart of year $20,038,030$23,564,123
X-11 Publicly traded securitiesStart of year $12,480,849$12,957,399
X-15 Other assetsStart of year $762,012$64,419,423
X-16 Total assetsStart of year $43,324,427$106,254,004
X-17 Accounts payable and accrued expensesStart of year $1,067,255$2,129,515
X-19 Deferred revenueStart of year $4,960,361$4,417,827
X-20 Tax-exempt bond liabilitiesStart of year $5,675,623$64,013,138
X-25 Other liabilitiesStart of year $2,803,456$4,822,652
X-26 Total liabilitiesStart of year $14,506,695$75,383,132
X-27 Net assets without donor restrictionsStart of year $20,971,955$30,860,168
X-28 Net assets with donor restrictionsStart of year $7,845,777$10,704
X-32 Total net assets or fund balancesStart of year $28,817,732$30,870,872
X-33 Total liabilities and net assetsStart of year $43,324,427$106,254,004
Part XI · Reconciliation of net assets $30,870,872 net assets at year end
XI-1 Total revenue$12,731,299
XI-2 Total expenses$10,974,557
XI-3 Revenue less expenses$1,756,742
XI-4 Net assets at start of year$28,817,732
XI-5 Net unrealized gains (losses) on investments$296,398
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$30,870,872

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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