SOUTHWEST SIDE SENIORS SERVICE ORGANIZATION
Mission Statement
To be a truly democratic organization that is closed to no one because of race, creed, age or sex; that operates openly and effectively in pursuit of it social purposes. To assist and encourage older persons to be active and effective citizens and participants in the economic, social and cultural life of their community and nation. To promote and encourage the participation of seniors citizens in the Southwest Side Senior Service Organization, the Garfield Ridge Satellite Senior Center and associations throughout the City of Chicago and its surrounding suburbs. To support and advocate a variety of policies, laws and programs that promote the general welfare and the interests of senior citizens. To operate the Southwest Side Senior Service Organization and the Garfield Ridge Satellite Senior Center and fulfill the duties and responsibilities set forth in any agreements concerning operations of the center.
Financial Overview — FY 2024
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
2.3% | 91.8% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.3 mo | 10.2 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
10.3% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 85.4% |
P10P90
|
Bottom quarter |
|
Surplus margin
Surplus as a share of revenue
|
3.6% | 8.6% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Healthy, happy seniors. | 639 | $150.00 | — | Per Day |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $0 | $0 | N/A | — | 0 |
| 2023 | $83K | $80K | $15K | 2.3% | — |
| 2022 | $0 | $0 | N/A | — | 0 |
| 2021 | $146K | $71K | N/A | — | 1 |
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