Suwannee River Economic Council

What Suwannee River Economic Council does

Suwannee River Economic Council, Inc. (SREC) is a Florida-designated Community Action Agency and non-profit organization that delivers federally and state-funded social services to low-income residents, seniors, and transportation-disadvantaged populations across 11 contiguous counties in North Florida: Bradford, Columbia, Dixie, Gilchrist, Hamilton, Lafayette, Levy, Madison, Suwannee, Taylor, and Union. Its service portfolio comprises five core programs: Aging services (case management, congregate and home-delivered meals, personal care, respite, Alzheimer's Disease Initiative, Community Care for the Elderly, Home Care for the Elderly, and Title III services); Energy Assistance including the Low Income Home Energy Assistance Program (LIHEAP) and utility-funded programs (Care to Share via FPL, Share the Light/Energy Neighbor Fund via Duke Energy, Project SHARE via Clay Electric); the State Housing Initiatives Partnership (SHIP) for emergency repairs, rehabilitation, and homeownership assistance; Transportation services for medical, nutritional, and essential trips; and 8 congregate meal sites that double as senior centers. Administrative headquarters and the Suwannee County Client/Senior Service Center are located in Live Oak, FL, with one Client/Senior Service Center in each of the 11 counties, overseen by Executive Director Matt Pearson and a Board of Directors.

SREC is not a technology company; its platform consists of a WordPress-based public website (srecinc.org), downloadable program application PDFs, in-person intake at county service centers, home visits for homebound clients, and a vehicle fleet for transportation services. There is no proprietary software product, API, or mobile application; the online "On-Line Program Forms" are standard administrative document templates (Declaration of No Income, Statement of Maintenance, Utility Account Holder, Housing Forms). Service delivery is fundamentally case-management-driven, executed by trained staff using eligibility-verification workflows tied to the funding-source requirements of each program.

SREC's revenue model is grant-based, with no fees charged to end users. Funding flows from federal entitlements (Older Americans Act Title III, LIHEAP, CSBG), state agencies (Florida Department of Commerce, Florida Department of Elder Affairs, Florida Department of Transportation, Florida Commission for the Transportation Disadvantaged, Florida Housing Finance Corporation), regional investor-owned and cooperative utilities (FPL, Duke Energy Florida, Clay Electric Cooperative), Medicaid managed-care organizations for transportation services, and private non-profit partners (Salvation Army for emergency assistance, United Way for elder services in Hamilton County). Programs are needs-tested and income-qualified; services are delivered at no cost or reduced cost to eligible residents. The organization refers to itself as having 50+ years of operation, indicating a mature, stable funding-and-delivery model anchored in long-standing agency relationships and designated program-provider status rather than commercial expansion.

Name

Suwannee River Economic Council

Legal name

Suwannee River Economic Council, Inc.

Website

https://srecinc.org

Company type

Private

Founded year

1965

Operating status

Operating

Short description

Suwannee River Economic Council is a Florida non-profit Community Action Agency that delivers federally and state-funded aging, energy-assistance, housing (SHIP), transportation, and meal-site programs to low-income residents and seniors across 11 counties in North Florida, administered from Live Oak.

Ownership category

akta.pro rank

Headquarters

HQ city

Live Oak

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Government Grants and Funding: Primary revenue from federal and state government grants including Older Americans Act (Title III-B, C-1, C-2, IIIE), Florida Department of Commerce CSBG and LIHEAP programs, and Florida Department of Elder Affairs funding through Mid-Florida Area Agency on Aging dba Elder Options.
2. Utility Company Assistance Programs: Funding from utility companies including Florida Power & Light (Care to Share), Duke Energy Florida (Share the Light, Energy Neighbor Fund), Clay Electric Cooperative (Project SHARE) to assist low-income residents with utility bills.
3. Transportation Funding: Revenue from Florida Department of Transportation, Florida Commission for the Transportation Disadvantaged, and Medicaid HMOs to provide transportation services to elderly and disadvantaged populations.
4. Housing Program Funding: State Housing Initiatives Partnership Program (SHIP) funding from State of Florida and Florida Housing Finance Corporation for emergency repairs, rehabilitation, and down payment assistance.
5. Foundation and Organization Grants: Funding from organizations including Salvation Army for emergency assistance and United Way for elder services in Hamilton County.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Suwannee River Economic Council, Inc. is a non-profit community action agency that provides social services to residents across 11 counties in North Florida. Its core offerings include aging and elder services, home energy assistance, housing repair and rehabilitation through the SHIP program, senior transportation, and community meal sites. The organization is funded primarily through government grants and has operated for approximately 50 years.

Product overview

Suwannee River Economic Council, Inc. is a non-profit community services organization providing a coordinated portfolio of social service programs across 11 counties in North Florida. The core offerings include Aging Programs (case management, respite, meals, and specialized equipment for seniors), Energy Assistance through LIHEAP and utility company partnerships (Care to Share, Share the Light, Project Share), Transportation Services for elderly and disadvantaged populations, the State Housing Initiatives Partnership (SHIP) for homeownership assistance, and senior center/meal site operations. These programs are delivered through Client/Senior Service Centers and are funded through partnerships with state agencies (Florida Department of Commerce, Department of Elder Affairs), utility companies, and federal programs (Older Americans Act).

Differentiator

Problem solved

Functional benefit

Products and services

• Aging and Senior Services Program Community-based aging and elder services for low-income seniors and elderly residents in North Florida.
• Home Energy Assistance Government-funded energy assistance program to help low-income households pay home energy costs.
• SHIP Housing Repair and Rehabilitation Program State Housing Initiatives Partnership (SHIP) program providing home repair and rehabilitation services for eligible low-income homeowners.
• Senior Transportation Services Transportation services for seniors across the 11-county service area, supporting access to medical appointments, meal sites, and community programs.
• Community Meal Sites Operates community meal sites providing congregate meals to seniors and eligible residents across North Florida.

Quantifiable outcome

• Provides services to residents across 11 North Florida counties

Named customers3 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Meals on Wheels America: National organization supporting senior nutrition and home-delivered meal programs. Comparable through SREC's congregate and home-delivered meal programs funded under OAA Title III-C.
• Community Action Partnership: National membership and advocacy organization for the CAA network. Comparable as the broader ecosystem that defines SREC's operating model, funding access, and federal recognition framework.
• National Council on Aging: National nonprofit focused on aging well and economic security for older adults. Comparable through SREC's aging services portfolio and alignment with OAA Title III/VI program philosophy.
• Florida Council on Aging: Statewide membership association for Florida's aging network providers. Comparable as a sector umbrella that influences funding allocation, advocacy, and program standards relevant to SREC's Title III operations.

Others

• Salvation Army Florida: Faith-based emergency assistance provider and one of SREC's funding partners. Comparable as a complementary provider of emergency utility and rent assistance in overlapping Florida counties.
• Catholic Charities Florida: Faith-based social services provider operating across Florida with emergency assistance, housing, and aging programs. Comparable as a complementary nonprofit service provider competing for similar grant pools and serving overlapping client populations.
• United Way of North Central Florida: Regional United Way affiliate that funds elder services in SREC's service territory (e.g., Hamilton County). Comparable as both a funding partner and a peer funder of community-based services in the region.

Direct peers

• Aging True (formerly Jacksonville Aging & Disability Resource Center): Non-profit providing aging, disability, and community-based services in northeast Florida. Closely comparable by target population (seniors/disabled), funding mix (OAA, state aging dollars), and direct service delivery model.
• Mid-Florida Community Services, Inc. Designated Community Action Agency operating across central Florida counties with a comparable wraparound portfolio (energy assistance, aging services, housing, transportation). Most directly comparable CAA peer by mission, funding mix, and service delivery model.
• Northeast Florida Community Action Agency: Florida CAA serving adjacent northeast Florida counties with similar anti-poverty, energy assistance, and self-sufficiency programs. Operates as a peer CAA in the same state funding ecosystem.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Suwannee River Economic Council