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Silversource Inc

EIN 99-1895904 · Stamford, CT

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak48 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SILVERSOURCE ADVANCES THE DIGNITY, INDEPENDENCE AND QUALITY OF LIFE OF OLDER ADULTS BY PROVIDING SUPPORTIVE SERVICES TO THOSE IN NEED AND GUIDANCE TO FAMILIES, AND BY ENGAGING IN COMMUNITY PARTNERSHIPS AND ADVOCATING FOR SOUND PUBLIC POLICIES.

Income
$2.5 million
Spending
$2.5 million
Spent on programs
52%
Reserves
3 months of spending
Largest source of income
donations and private grants, 72%
Employees
22
Volunteers
90
Highest pay
$161,004, chief executive officer

Source: Form 990 for the year ending February 28, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 48 out of 100. Higher than 36% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.0 months of spending.

  • Debt

    5 of 20

    It owes 54% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 0% of income.

  • Spending floor

    8 of 15

    52% of spending went to programs and raising each dollar of donations cost 21 cents.

Source: Form 990 for the year ending February 28, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 70% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    16 of 16 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending February 28, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $230,582 spent. HOUSING: PROVIDES ASSISTANCE TO SENIORS AT RISK OF HOUSING INSECURITY OR HOMELESSNESS. ACTIVITIES INCLUDE EMERGENCY PAYMENT ASSISTANCE, ENERGY ASSISTANCE, AND HOUSING NAVIGATION SERVICES THAT CONNECT CLIENTS TO AVAILABLE AFFORDABLE HOUSING RESOURCES. STAFF CONDUCT INTAKE ASSESSMENTS, DEVELOP INDIVIDUALIZED STABILIZATION PLANS, AND PROVIDE FOLLOW-UP CASE MANAGEMENT TO HELP CLIENTS MAINTAIN SAFE, STABLE HOUSING. SERVICES HELP CLIENTS MAINTAIN INDEPENDENCE IN SAFE, STABLE HOUSING, AVOIDING DISPLACEMENT OR HOMELESSNESS.
  2. $91,265 spent. MEDICAL: FACILITATES ACCESS TO MEDICAL, DENTAL, AND MENTAL HEALTH SERVICES. STAFF ASSIST CLIENTS IN ENROLLING IN AVAILABLE PUBLIC HEALTH COVERAGE PROGRAMS AND COORDINATE CARE WITH HEALTHCARE PROVIDERS. THIS PROGRAM REDUCES HEALTH DISPARITIES AND ENSURING MEDICALLY VULNERABLE COMMUNITY MEMBERS RECEIVE ESSENTIAL TREATMENT AND PREVENTIVE CARE REGARDLESS OF THEIR ABILITY TO PAY.
  3. $54,950 spent. FOOD & NUTRITION: ADDRESSES FOOD INSECURITY AMONG LOW-INCOME AND HOME-BOUND SENIORS THROUGH DIRECT FOOD DISTRIBUTION AND SUPPLEMENTAL NUTRITION ASSISTANCE. ACTIVITIES INCLUDE OPERATION OF A FOOD PANTRY PROVIDING GROCERIES AND SHELF-STABLE STAPLES, DISTRIBUTION OF FRESH PRODUCE AND PERISHABLE ITEMS IN PARTNERSHIP WITH LOCAL FOOD BANKS, PROVISION OF PREPARED MEAL PROGRAMS, AND ASSISTANCE WITH ENROLLMENT IN FEDERAL NUTRITION PROGRAMS SUCH AS SNAP. STAFF CONDUCT NUTRITIONAL SCREENINGS TO IDENTIFY HOUSEHOLDS EXPERIENCING FOOD HARDSHIP. THIS PROGRAM HELPS ALLEVIATE HUNGER AND IMPROVING NUTRITIONAL HEALTH OUTCOMES FOR VULNERABLE POPULATIONS IN THE COMMUNITY.
  4. $18,826 spent. TRANSPORTATION: PROVIDES TRANSPORTATION ASSISTANCE TO SENIORS WHO LACK RELIABLE ACCESS TO VEHICLES OR PUBLIC TRANSIT AND WOULD OTHERWISE BE UNABLE TO MEET CRITICAL NEEDS. ACTIVITIES INCLUDE DIRECT TRANSPORTATION USING 3 COMPANY VEHICLES, PROVISION OF BUS PASSES AND TRANSIT SUBSIDIES, RIDESHARES, AND COORDINATION OF MEDICAL TRANSPORT TO TREATMENT APPOINTMENTS. THIS PROGRAM WORKS TO REMOVE TRANSPORTATION BARRIERS THAT PREVENT COMMUNITY MEMBERS FROM ACCESSING HEALTHCARE AND ESSENTIAL SUPPORT SERVICES.
  5. $904,769 spent. OTHER PROGRAMS

Source: Form 990 for the year ending February 28, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending February 2026.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.