Subjective memory complaints are one of the major concerns of the elderly and remain a challenging area in gerontology. There are previous studies that identify different factors affecting subjective memory complaints. However, an extended model that correlates life-space on subjective memory complaints remains a blank spot. The objective of this study is to investigate the role of life-space, social activity and depression on subjective memory complaints among the selective group of Filipino elderly in the community. To test the factors affecting subjective memory complaints, a structural equation modeling was employed among all parameters. One hundred eighty-nine Filipino elderly aged 60 years and above located in Parañaque City, Makati City and Malabon City were given a multiaspect questionnaire consisting of a robotfoto, Life-Space Assessment (LSA), Research and Development (RAND) Social Health Battery, Geriatric Depression Scale (GDS), and Subjective Memory Questionnaire (SMQ). Results revealed that life-space and social activity inversely affect depression while subjective memory complaints are directly affected by depression. New pathways emerged suggesting the interrelationship between life-space and social activity. Additionally, social activity directly affects subjective memory complaints. This study provides a confirmation of the impact of the factors affecting subjective memory complaints. Incorporation of these factors into the existing practice can help the health care providers in optimizing the quality of care rendered and quality of life of the elderly.