Overview
What is Home For The Aged?
Home for the Aged, also known as The Park Danforth, is a nonprofit organization situated in Portland, Maine. With a mission to enhance the lives of senior citizens, they offer high-quality housing and services to individuals aged 60 and above. Their facilities include 110 independent living apartments, some of which are available at affordable rates for individuals with limited financial resources. The organization provides a range of amenities, including meals, civic, cultural, and recreational activities, and an emergency response service. Their primary goal is to maintain a person's dignity and privacy while accommodating their changing needs due to aging.
Official website here: www.parkdanforth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Home For The Aged has received an 85% score from Charity Navigator, indicating a solid performance in terms of accountability and finance. This rating is based entirely on a comprehensive assessment of their financial practices, which reflects a commitment to transparency and effective governance.
The organization demonstrates strengths such as having a fully independent board, which shows a commitment to impartial leadership. Additionally, their financial oversight, including an audit and oversight committee, has been rated highly, indicating sound financial management. The organization also has a strong program expense ratio of 82.26%, suggesting that a significant portion of their funds are directed towards their mission.
While the overall rating is strong, the assessment is limited to financial accountability and does not provide insights into program effectiveness or impact on the community served. As a result, potential donors may want to consider additional factors beyond financial metrics when evaluating their support for Home For The Aged.
This AI summary has been generated from information found on Charity Navigator.
Is Home For The Aged legitimate?
Home For The Aged is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home For The Aged submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $328,427
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,571,289
For more financial information, click here
Official website here: www.parkdanforth.com
What is the mission statement of Home For The Aged?
Home For The Aged's mission is centered around providing exceptional housing and services for individuals aged 60 and above. The primary objective is to enhance their quality of life, upholding personal dignity, and catering to the need for privacy and self-determination. As individuals age, their needs evolve, and Home For The Aged aims to adapt to these changes. The organization offers high-quality housing, meals, and a variety of civic, cultural, and recreational activities. Furthermore, they provide an emergency response service to their residents, who reside in 110 independent living apartments. Some of these apartments are available at below-market rates, making them accessible to individuals with modest resources who do not qualify for federal assistance. These apartments are designed to optimally meet the needs of aging inhabitants, enabling them to live comfortably and independently.
Official website here: www.parkdanforth.com
Who is the CEO of Home For The Aged?
Lorri Sommer is the President of Home For The Aged. The CEO's salary of Home For The Aged is $162,808 and their total compensation is $183,990.
Official website here: www.parkdanforth.com
What is the revenue of Home For The Aged?
Home For The Aged's revenue in 2022 was $7,432,134.
Official website here: www.parkdanforth.com
Who are the executives of Home For The Aged and what are their salaries?
The average compensation at Home For The Aged during 2022 was $25,215. There are 115 employees and 22 volunteers at Home For The Aged.
Here are 14 key members and their salaries (Home For The Aged's CEO's salary is $162,808 and their total compensation is $183,990):
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- Compensation: $162,808
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- Other: $21,182
- Compensation: $121,262
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- Other: $23,175
Official website here: www.parkdanforth.com
Where can I find the form 990 for Home For The Aged?
Home For The Aged's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.parkdanforth.com
Learn more at the official website: www.parkdanforth.com
Mission Statement of Home For The Aged
Home for the Aged is committed to delivering top-notch housing and services to individuals who have reached the age of 60. Their mission is threefold: firstly, to offer housing that improves an individual's quality of life, secondly, to respect personal dignity, and thirdly, to accommodate the need for privacy and self-determination. The organization strives to respond to the evolving needs that come with aging.
Home for the Aged provides a variety of facilities and services to meet these needs. They offer high-quality housing, complete with meals, civic, cultural, and recreational activities. Additionally, they provide an emergency response service for their residents living in 110 independent living apartments. Some of these apartments are designed to be affordable for individuals with modest resources, ensuring that Home for the Aged's services are accessible to a wide range of individuals. The apartments are specifically tailored to cater to the needs of those aging in place.
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Impact
July, 2024
Home For the Aged makes a significant impact by providing high-quality housing and services to individuals aged 60 and older in Portland, Maine. The organization offers a range of amenities, including meals, civic, cultural, and recreational activities, as well as emergency response services to the residents of its independent living apartments. Some of these apartments are available at below-market rates, ensuring accessibility to those with modest resources who may not qualify for federal assistance. Home For the Aged is specially designed to meet the unique needs of aging individuals, supporting them in aging in place with dignity and independence. Through its mission to enhance quality of life, respect personal dignity, and promote self-determination, Home For the Aged addresses the changing needs of older adults in the community while providing vital human services.
This information is meant to be a general summary of Home For The Aged. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $341,499
- Program Service Revenue: $6,922,857
- Gross Receipts: $9,206,321
Assets and Liabilities:
- Total Assets: $34,196,065
- Total Liabilities: $28,746,279
- Net Assets: $5,449,786
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$6,963,059
Meal Income
Revenue
$459,319
Other Income
Revenue
$45,033
Contractual Adjustment
Revenue
-$544,554
Organization Details
Founding Year
1881
Phone
(207) 797-7710Principal Officer
Lorri Sommer
Main Address
777 Stevens Avenue, Portland, ME, 04103
Website
www.parkdanforth.comNTEE Category
Code: P750 - Human services
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