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Nonprofit · EIN 22-2575377

CENTER FOR AGING INC

Also known as APPLEWOOD ESTATES

Tax-exempt · FREEHOLD, NJ 07728

Financials

$30.1M$30.5M2023$38.1M$16.5M2024
Revenue Expenses · by fiscal year end
Financials of CENTER FOR AGING INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$38,096,307$16,507,592$21,588,715$2,899,511$741,158$2,158,353
December 31, 2023990$30,103,355$30,458,293-$354,938$82,577,130$77,899,792$4,677,338
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$807,135
Program service revenue
$14,940,539
Investment income
$22,348,633
Net gain from sales of assets
$21,844,623
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$145,617
Other salaries and wages
$6,078,720
Salaries, compensation and benefits (total)
$8,214,525
Professional fundraising fees
$0
Legal fees
$635,707
Accounting fees
$34,302
Occupancy
$958,212
Travel
$26,187
Depreciation
$1,833,899
Program services (functional)
$14,856,831
Management and general (functional)
$1,650,761

Balance sheet and other

Total assets, start of year
$82,577,130
Total assets, end of year
$2,899,511
Total liabilities, end of year
$741,158
Net assets, end of year
$2,158,353
Net assets without donor restrictions
$1,048,677
Net assets with donor restrictions
$1,109,676
Gross receipts
$56,327,542
Employees
257
Volunteers
5
Year formed
1984
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
THOMAS W SCOTT FACHE FABCVICE CHAIR-TRST/CSMC PRES/CEO
Trustee or director, Officer
55$0$1,317,453$66,618
JOHN A DELLOCONOTRUST-CSMC SVP/CFO (TERM 7/24)
Trustee or director
55$0$502,040$48,497
LAURA L SCHILARE MBA CPACSMC VP FINANCE
Officer
50$0$297,003$44,264
KEITH GRADYTRUSTEE - EXEC DIR (TERM 6/24)
Trustee or director, Officer
55$122,457$0$23,160
KENNETH J REILLY CWSCHAIRMAN - TRUSTEE
Trustee or director, Officer
1$0$0$0
ROBERT GEBERTHTRUSTEE
Trustee or director
1$0$0$0
DONALD ROBERTSHAWTRUSTEE
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
THOMAS W SCOTT facheVICE CHAIR-TRST/CSMC PRES/CEO
Trustee or director, Officer
55$0$870,269$56,253
JOHN A DELLOCONOTRUSTEE - CSMC SVP/CFO
Trustee or director
55$0$602,968$59,705
KEITH GRADYTRUSTEE - EXECUTIVE DIRECTOR
Trustee or director, Officer
55$218,539$0$35,255
BARBARA RASCH RNREGISTERED NURSE
Highest-paid employee
40$164,376$0$36,051
JENNIFER KOHANDIR. MARKETING/SALES
Highest-paid employee
40$165,129$0$17,997
SUSAN SHU-CHEN HOUNG RNREGISTERED NURSE
Highest-paid employee
40$139,317$0$38,809
SALLY SEFINDIR. HEALTHCARE SERVICES
Highest-paid employee
40$145,909$0$30,854
MARY SOMMERSASST. DIRECTOR - MARKETING
Highest-paid employee
40$142,572$0$22,890
KENNETH J REILLY CWSCHAIRMAN - TRUSTEE
Trustee or director, Officer
1$0$0$0
ROBERT GEBERTHTRUSTEE
Trustee or director
1$0$0$0
DONALD ROBERTSHAWTRUSTEE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
901 W MAIN ST, FREEHOLD, NJ 07728-2537
In care of
% LAURA SCHILARE MBA CPA
Principal officer (990 for 2024)
THOMAS W SCOTT FACHE FABC, 901 WEST MAIN STREET, FREEHOLD, NJ 07728
Signed the 990
LAURA SCHILARE, VP FINANCE
Phone
(732) 294-7050
Return prepared by
WithumSmithBrown PC

Mission

PRIOR TO ITS SALE THE ORGANIZATION PROVIDED SENIORS WITH ACCESSIBLE, COST-EFFECTIVE INDEPENDENT LIVING AND COMPREHENSIVE HEALTHCARE SERVICES, FOSTERING RESIDENT PEACE OF MIND. SUPERIOR QUALITY SERVICES WERE PROVIDED IN A MANNER THAT ASSURED DIGNITY AND PROVIDED A BALANCED ATMOSPHERE OF SUPPORT AN INDEPENDENCE.

990 for the year ended December 31, 2024

Program accomplishments

  • PRIOR TO ITS SALE, APPLEWOOD CONSISTED OF 281 INDEPENDENT APARTMENTS, 20 COTTAGES, 40 RESIDENTIAL HEALTH CARE UNITS, AND A 60-BED SKILLED NURSING FACILITY. THE ORGANIZATION PROVIDED FOR THE CARE OF THE ELDERLY. APPLEWOOD ALSO WENT OUT TO THE COMMUNITY THROUGH SENIOR'S FIRST, WHICH WAS A COMPLIMENTARY COMMUNITY OUTREACH AND HEALTHCARE EDUCATION PROGRAM FOR THOSE 60 YEARS AND OLDER IN A 25-MILE RADIUS OF FREEHOLD, NJ. THE CENTER'S PROGRAMS INCLUDED HEALTH FAIRS, BLOOD PRESSURE SCREENINGS, AND HEALTH EDUCATION AND PRESENTATIONS ON PREVENTION AND TREATMENT. IN ADDITION, THERE WAS ALSO A SUPPORT GROUP FOR PARKINSON'S DISEASE AS WELL AS COMMUNITY SERVICE REFERRALS.
    Expenses $14,856,831 · revenue $14,940,539

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-2575377
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1985
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P750)
Assets (IRS master file)
$2,899,511
Income (IRS master file)
$56,327,542

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$38,096,307$16,507,592$2,899,511XML
990December 2023$30,103,355$30,458,293$82,577,130XML
990December 2022$25,636,418$28,685,935$81,436,562IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2575377).

Questions about CENTER FOR AGING INC

What is the EIN of CENTER FOR AGING INC?
The employer identification number (EIN) of CENTER FOR AGING INC is 22-2575377.
Is CENTER FOR AGING INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to CENTER FOR AGING INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CENTER FOR AGING INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CENTER FOR AGING INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CENTER FOR AGING INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CENTER FOR AGING INC?
The 990 for the year ended December 31, 2024 names THOMAS W SCOTT FACHE FABC.
Who are the officers and directors of CENTER FOR AGING INC?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization.
How much revenue does CENTER FOR AGING INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $38,096,307, expenses of $16,507,592 and total assets of $2,899,511 at year end.

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