Andover Home for Aged People
Andover Home for Aged People is a private foundation, based in ANDOVER, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 5 grants totaling $65K. Net investment income was $31K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-4.6% YoY
Annual Giving
$65K
-5.9% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$13K
-24.7% YoY
Under IRS private-foundation payout rules, Andover Home for Aged People reported a distributable amount of $78K for 2024 — the minimum it must pay out in qualifying distributions.
About Andover Home for Aged People
Based on IRS filings
Andover Home for Aged People is a private foundation, based in ANDOVER, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 5 grants totaling $65K. Net investment income was $31K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,098,922 | $1,151,551 | $1,211,469 |
| Revenue | $45,146 | $33,138 | $100,572 |
| Expenses | $97,775 | $93,056 | $103,751 |
| Qualifying Distributions | $84,214 | $84,855 | $92,700 |
| Net Investment Income | $31,005 | $31,663 | $90,825 |
| Distributable Amount | $78,435 | $76,499 | $92,221 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Family Service Inc ($26,020), Town of Andover Senior Center ($18,000), Merrimack Valley Ymca ($10,900).
| Recipient | Purpose | Amount |
|---|---|---|
| TOWN OF ANDOVER ELDER & VETERAN ANDOVER, MA | VULNERABLE HOME OWNERS | $10,000 |
| TOWN OF ANDOVER SENIOR CENTER ANDOVER, MA | FOOT CARE FOR ELDERLY | $18,000 |
| TOWN OF ANDOVER SENIOR CENTER ANDOVER, MA | FOOD & BASIC NECESSITIES | $500 |
| FAMILY SERVICE INC LAWRENCE, MA | ELDER HEALTH CARE SERVICES | $26,020 |
| MERRIMACK VALLEY YMCA ANDOVER, MA | ACTIVE LIVING CENTER FOR OLDER ADULT | $10,900 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS J URBELIS | PRESIDENT | 5 | $1,600 |
| LOUISE MCKALLAGAT | SECRETARY | 2 | $1,600 |
| BERNICE DOWNS | DIRECTOR | — | — |
| DONALD SCHROEDER | DIRECTOR | 8 | $1,600 |
| SANDRA DEARBORN | DIRECTOR | — | — |
| MIKE MURNANE | DIRECTOR | — | — |
| LORI PAGLIA | TREASURER | — | — |
| GEORGE FANTINI | AUDITOR | — | — |
| ROSEMARY HALLORAN | DIRECTOR | — | — |
| DAVID KONJOIAN | DIRECTOR | — | — |
| ROLAND JACOBSON | DIRECTOR | — | — |
Frequently Asked Questions
How large is Andover Home for Aged People?
As of 2024, Andover Home for Aged People holds $1.1M in total assets with $45K in annual revenue. It awarded 5 grants totaling $65K in 2024.
Where does Andover Home for Aged People operate?
Andover Home for Aged People has awarded grants in Massachusetts.
What size grants does Andover Home for Aged People award?
In 2024, Andover Home for Aged People awarded 5 grants totaling $65K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Andover Home for Aged People required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Andover Home for Aged People reported a distributable amount of $78K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Andover Home for Aged People's EIN?
Andover Home for Aged People's EIN (Employer Identification Number) is 04-6050619. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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