Overview
What is Eldercare Network Of Lincoln County?
Eldercare Network of Lincoln County is a nonprofit organization situated in Damariscotta, Maine. Their primary mission is to provide residential facilities and care for senior citizens who find it challenging to live independently. To achieve this, they actively promote and support shared housing, adult family care homes, and other types of supportive housing opportunities for the elderly within Lincoln County, Maine. With a team of 72 dedicated individuals, they strive to enhance the quality of life for senior citizens by offering them a supportive living environment.
Official website here: www.eldercarenetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Eldercare Network of Lincoln County has received a One-Star out of Four Star rating from Charity Navigator, reflecting significant concerns in financial transparency and accountability. While the organization boasts a fully independent board, it falls short in providing accessible financial statements, which raises questions about its financial management practices.
The organization does demonstrate a strong commitment to governance, with policies in place for conflicts of interest and documentation of board meeting minutes. However, the absence of a whistleblower policy and document retention guidelines indicates weaknesses in its operational protocols, potentially compromising accountability.
Despite these limitations, Eldercare Network of Lincoln County shows a commendable program expense ratio of 83.79%, suggesting that a substantial portion of its resources is directed towards fulfilling its mission. However, the high liabilities to assets ratio of 80.29% further emphasizes the need for improved financial practices and transparency for the organization to gain greater trust from its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Eldercare Network Of Lincoln County legitimate?
Eldercare Network Of Lincoln County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eldercare Network Of Lincoln County 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: $1,664,311
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.eldercarenetwork.org
What is the mission statement of Eldercare Network Of Lincoln County?
The Eldercare Network in this context aims to promote and facilitate shared housing, adult family care homes, and various supportive housing options for the elderly community. Their mission is centered around providing a supportive environment that caters to the elderly individuals who find it challenging to live independently. The network strives to foster these housing opportunities in an effort to enhance the quality of life for the elderly population.
Official website here: www.eldercarenetwork.org
Who is the CEO of Eldercare Network Of Lincoln County?
Allan S Teel Md is the Board Member of Eldercare Network Of Lincoln County.
Official website here: www.eldercarenetwork.org
What is the revenue of Eldercare Network Of Lincoln County?
Eldercare Network Of Lincoln County's revenue in 2021 was $3,079,365.
Official website here: www.eldercarenetwork.org
Who are the executives of Eldercare Network Of Lincoln County and what are their salaries?
The average compensation at Eldercare Network Of Lincoln County during 2021 was $23,115. There are 72 employees at Eldercare Network Of Lincoln County.
Here are 9 key members and their salaries:
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- Compensation: $45,600
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Official website here: www.eldercarenetwork.org
Where can I find the form 990 for Eldercare Network Of Lincoln County?
Eldercare Network Of Lincoln County's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.eldercarenetwork.org
Learn more at the official website: www.eldercarenetwork.org
Mission Statement of Eldercare Network Of Lincoln County
Eldercare Network of Lincoln County is committed to fostering and supporting various housing options for the elderly in its community. Their mission is centered around providing shared housing, adult family care homes, and other supportive living arrangements that cater to the needs of the elderly. This organization aims to create an environment where senior citizens, who may struggle to live independently, can find a sense of community and care. By offering these housing opportunities, Eldercare Network of Lincoln County seeks to enhance the quality of life for the elderly, providing them with residential facilities and necessary care.
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Impact
July, 2024
Eldercare Network Of Lincoln County's impact is significant in providing residential facilities and care for senior citizens unable to live alone in Lincoln County, Maine. They foster and support shared housing, adult family care homes, and other supportive housing opportunities for the elderly in the area. Through their mission and activities, they enhance the quality of life for senior citizens by ensuring they have safe and supportive living arrangements tailored to their needs.
This information is meant to be a general summary of Eldercare Network Of Lincoln County. 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 2021.
- Investment Income: $19,974
- Program Service Revenue: $1,609,156
- Gross Receipts: $3,094,360
Assets and Liabilities:
- Total Assets: $3,411,459
- Total Liabilities: $2,272,414
- Net Assets: $1,139,045
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICE REVEN
Revenue
$1,609,156
Organization Details
Founding Year
1996
Phone
(207) 882-9768Principal Officer
Allan S Teel Md
Main Address
PO BOX 652, DAMARISCOTTA, ME, 04543
Website
www.eldercarenetwork.orgNTEE Category
Code: P75Z - Human services
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