Overview
What is Calais Methodist Home Inc?
Calais Methodist Home Inc, established as an independent living community, caters primarily to retiring seniors. Situated within its operations, the nonprofit provides subsidized low-income housing, featuring nearly ninety fully occupied residential rental units. The organization's mission is twofold, offering not only a living space but also contributing to the community by providing affordable housing options for seniors.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79%, Three-Star out of Four Star rating.
Calais Methodist Home Inc has received a solid Three-Star rating from Charity Navigator, reflecting a decent level of accountability and financial management. The rating is derived entirely from scores related to financial practices, which indicates the organization has met key criteria for transparency and governance. The charity has a strong independent board, with all members serving without conflicts of interest, and it has implemented several important policies to safeguard its operations.
The financial management practices appear robust, as evidenced by a program expense ratio of 79.33%, demonstrating that a significant portion of its funding is directed toward its programs. Furthermore, the organization has established effective oversight mechanisms with an Audit and Oversight Committee, and it has no reported material diversions of assets. This indicates effective stewardship of resources and a commitment to its mission.
However, while the organization has performed well in terms of accountability and finances, the rating does not provide insights into its programmatic effectiveness or impact in the community. Potential donors may want to consider these aspects alongside the financial data when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Calais Methodist Home Inc legitimate?
Calais Methodist Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calais Methodist Home Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Calais Methodist Home Inc?
Calais Methodist Home Inc serves as an independent living community, catering primarily to retired seniors. Their mission encompasses providing subsidized housing for individuals with limited income. Operating ninety residential rental units, the organization strives to maintain near-full occupancy, thereby offering a comfortable living environment for its senior residents.
Who is the CEO of Calais Methodist Home Inc?
Ken Thomas is the Chairman, Treasurer of Calais Methodist Home Inc.
What is the revenue of Calais Methodist Home Inc?
Calais Methodist Home Inc's revenue in 2022 was $764,891.
Who are the executives of Calais Methodist Home Inc and what are their salaries?
There 9 volunteers at Calais Methodist Home Inc.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $112,699
- Other: $0
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- Related: $72,256
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Calais Methodist Home Inc?
Calais Methodist Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Calais Methodist Home Inc
Calais Methodist Home Inc, as an independent living community, is committed to providing a welcoming environment for retiring seniors. Their mission extends beyond simply offering housing, as they also provide subsidized low-income units. With nearly all of their ninety residential rental units filled, Calais Methodist Home Inc is actively serving the needs of its senior population, ensuring that they can enjoy their retirement years in comfort and security.
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Impact
July, 2024
Calais Methodist Home Inc provides vital support and services to retiring seniors in the community by operating as an independent living community with subsidized low-income housing. With ninety residential rental units that are nearly fully occupied, the organization plays a crucial role in ensuring that seniors have access to safe and affordable housing options. This allows seniors to maintain their independence and quality of life as they transition into retirement. By offering this valuable housing solution, Calais Methodist Home Inc positively impacts the lives of seniors and contributes to the overall well-being of the community.
This information is meant to be a general summary of Calais Methodist Home Inc. 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: $18,386
- Program Service Revenue: $521,461
- Gross Receipts: $764,891
Assets and Liabilities:
- Total Assets: $4,854,536
- Total Liabilities: $4,896,827
- Net Assets: -$42,291
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$480,509
Cable Television Revenue
Revenue
$27,727
Laundry Income
Revenue
$13,225
Organization Details
Founding Year
1972
Phone
(207) 454-7196Principal Officer
Ken Thomas
Main Address
116 Palmer Street, Calais, ME, 04619
NTEE Category
Code: L22 - Housing
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