Overview
What is Arnold Memorial Medical Building Society?
Arnold Memorial Medical Building Society is a nonprofit organization situated in Jonesport, Maine. Its primary mission is to provide and maintain a medical building and an assisted living facility, catering to the needs of several local towns such as Jonesport, Beals, Addison, Jonesboro, and Columbia Falls. The main floor of the medical building is rented to DownEast Community Hospital, while the finished basement is utilized by the Town of Jonesport as a town office. The nonprofit also manages an assisted living facility, with the building being leased to Family Care Homes of Maine. The society's operations contribute significantly to the healthcare and living needs of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
The Arnold Memorial Medical Building Society has received a low rating of 33%, which translates to a Zero-Star out of Four Star rating. This score indicates significant concerns regarding the charity's accountability and finance practices. While the organization boasts a fully independent board and has shown no material diversion of assets, it lacks essential governance policies and transparency measures that would typically bolster its score.
Strengths noted in the evaluation include the presence of a majority independent board and proper documentation of board meeting minutes. However, the absence of crucial policies such as conflict of interest, whistleblower, and document retention significantly detracted from its accountability score. Additionally, the organization's website does not provide necessary financial documents, which is a key area of concern for donors looking for transparency.
The program expense ratio is relatively low at 40.50%, suggesting that a substantial portion of the funds may not be directed to programs and services. This, combined with the lack of financial information and governance policies, raises questions about the overall effectiveness and reliability of the Arnold Memorial Medical Building Society. These factors may deter potential donors who prioritize fiscal responsibility and transparency in their charitable contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Arnold Memorial Medical Building Society legitimate?
Arnold Memorial Medical Building Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arnold Memorial Medical Building Society 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
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What is the mission statement of Arnold Memorial Medical Building Society?
The Arnold Memorial Medical Building Society's mission is centered around providing and maintaining two facilities: a medical building and an assisted living facility. These facilities serve the community, benefiting the citizens of several towns. The medical building houses DownEast Community Hospital on its main floor, while the town of Jonesport utilizes the finished basement as their town office. The assisted living facility is rented out to Family Care Homes of Maine. The society's role is to ensure the continuous operation and maintenance of these essential facilities, thereby catering to the healthcare and living needs of the community.
Who is the CEO of Arnold Memorial Medical Building Society?
William K Milliken is the President of Arnold Memorial Medical Building Society.
What is the revenue of Arnold Memorial Medical Building Society?
Arnold Memorial Medical Building Society's revenue in 2023 was $56,264.
Who are the executives of Arnold Memorial Medical Building Society and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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Where can I find the form 990 for Arnold Memorial Medical Building Society?
Arnold Memorial Medical Building Society's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Arnold Memorial Medical Building Society
The Arnold Memorial Medical Building Society is committed to serving the citizens of several towns, specifically Jonesport, Beals, Addison, Jonesboro, and Columbia Falls, Maine. This nonprofit organization fulfills its mission by providing and maintaining a medical building and an assisted living facility building. The medical building on the main floor is rented out to DownEast Community Hospital, ensuring that essential healthcare services are readily available for the local community. Additionally, the Town of Jonesport utilizes the finished basement of the medical building as their town office, furthering the society's goal of serving the community.
Furthermore, Arnold Memorial Medical Building Society owns and maintains an assisted living facility. This building is rented to Family Care Homes of Maine, ensuring that elderly residents in the area have access to comfortable and supportive living arrangements. By providing and maintaining these vital facilities, the Arnold Memorial Medical Building Society is dedicated to enhancing the quality of life for its community members.
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Impact
August, 2024
Arnold Memorial Medical Building Society's impact is profound in the communities it serves. By providing and maintaining a medical building and an assisted living facility in Jonesport, ME, the society ensures that residents in the surrounding towns have access to essential healthcare services and living accommodations. Through partnerships with healthcare providers and organizations, the society plays a crucial role in supporting the well-being of individuals in the area, promoting health and quality of life. Additionally, by offering space for a town office in the medical building, the society contributes to the efficiency and accessibility of local government services. Overall, Arnold Memorial Medical Building Society's dedication to healthcare and community well-being has a significant positive impact on the region.
This information is meant to be a general summary of Arnold Memorial Medical Building Society. 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 2023.
- Investment Income: $1,153
- Gross Receipts: $56,264
Assets and Liabilities:
- Total Assets: $623,349
- Total Liabilities: $0
- Net Assets: $623,349
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Organization Details
Founding Year
1996
Principal Officer
William K Milliken
Main Address
PO Box 571, Jonesport, ME, 04649
NTEE Category
Code: E39Z - Health
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