Overview
What is Vermont Congregational Home Inc Atkinson Residence For The Retired?
Vermont Congregational Home Inc, specifically its Atkinson Residence, is a church-sponsored retirement home located at 4717 Main Street, Newbury, VT 05051. This nonprofit organization provides care and accommodation for up to 15 elderly residents, currently housing 13. The main activity of Atkinson Residence involves operating a retirement home, with a team of 42 employees ensuring the well-being and care of its residents. The nonprofit's mission is to offer a comfortable and supportive living environment for the retired, ensuring their daily needs are met.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
Vermont Congregational Home Inc Atkinson Residence For The Retired has received a Two-Star rating from Charity Navigator, indicating some challenges in its accountability and financial practices. While the organization showcases strengths such as a fully independent board and a solid program expense ratio of 94.61%, indicating a strong commitment to its mission, there are significant areas for improvement. The absence of financial statements and key policies like conflict of interest and whistleblower protections raises concerns about transparency and governance.
The nonprofit's financial health appears sound, with a low liabilities-to-assets ratio of 12.98%, which suggests it is managing its debts responsibly. However, the missing elements in governance policies could impair stakeholder trust and the organization's long-term sustainability. The presence of documented board meeting minutes reflects some level of operational transparency, but a lack of a website listed on tax forms and formal financial disclosures may limit public access to crucial information.
Overall, while Vermont Congregational Home Inc demonstrates a dedication to serving its community effectively, the noted deficiencies in transparency and governance policies signify a need for enhancements that could strengthen its reputation and operational integrity moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Vermont Congregational Home Inc Atkinson Residence For The Retired legitimate?
Vermont Congregational Home Inc Atkinson Residence For The Retired is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vermont Congregational Home Inc Atkinson Residence For The Retired 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: $117,923
Professional Fundraising Fees: $0
Other Salaries and Wages: $456,745
For more financial information, click here
What is the mission statement of Vermont Congregational Home Inc Atkinson Residence For The Retired?
The mission of Vermont Congregational Home Inc's Atkinson Residence for the Retired, in its essence, revolves around operating a church-sponsored retirement home. This home provides care for up to 15 elderly residents, housing them in its 13 rooms. The primary objective is to ensure the well-being of these senior residents, offering them a comfortable living space within the framework of religious affiliation. The operation of this retirement home aims to contribute positively to the lives of the elderly, providing them with a sense of community and support during their retirement years.
Who is the CEO of Vermont Congregational Home Inc Atkinson Residence For The Retired?
Peggy Degoosh is the Executive Director of Vermont Congregational Home Inc Atkinson Residence For The Retired.
What is the revenue of Vermont Congregational Home Inc Atkinson Residence For The Retired?
Vermont Congregational Home Inc Atkinson Residence For The Retired's revenue in 2022 was $741,550.
Who are the executives of Vermont Congregational Home Inc Atkinson Residence For The Retired and what are their salaries?
The average compensation at Vermont Congregational Home Inc Atkinson Residence For The Retired during 2022 was $13,683. There are 42 employees at Vermont Congregational Home Inc Atkinson Residence For The Retired.
Here are 13 key members and their salaries:
- Compensation: $87,125
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- Other: $0
- Compensation: $7,219
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- Compensation: $28,012
- Related: $0
- Other: $0
Where can I find the form 990 for Vermont Congregational Home Inc Atkinson Residence For The Retired?
Vermont Congregational Home Inc Atkinson Residence For The Retired's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vermont Congregational Home Inc Atkinson Residence For The Retired
Vermont Congregational Home Inc's Atkinson Residence for the Retired is dedicated to operating a church-sponsored retirement home, providing care for up to 15 residents in 13 rooms. The mission of this nonprofit organization is to offer a retirement living environment that is supported by the church community. The residence aims to ensure the well-being of its elderly residents, offering them a comfortable and secure home. The primary activity of Vermont Congregational Home Inc's Atkinson Residence for the Retired revolves around the care and maintenance of its residents, including managing their payroll and payroll taxes. The organization's mission is focused on providing a supportive and nurturing environment for its residents, allowing them to enjoy their retirement years in peace and comfort.
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Impact
July, 2024
Vermont Congregational Home Inc Atkinson Residence For The Retired provides care and accommodation for up to 15 elderly residents in its 13-room retirement home in Newbury, VT. The organization's impact is primarily focused on providing a supportive and safe environment for seniors in need of assistance with daily living activities. This helps promote their well-being and ensures they receive the necessary care in their later years.
This information is meant to be a general summary of Vermont Congregational Home Inc Atkinson Residence For The Retired. 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: $12
- Program Service Revenue: $723,246
- Gross Receipts: $741,550
Assets and Liabilities:
- Total Assets: $847,638
- Total Liabilities: $52,213
- Net Assets: $795,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Resident Rents
Revenue
$458,747
Level of Care Fee
Revenue
$118,026
Resident Founders Fee
Revenue
$3,500
Medicaid
Revenue
$142,940
Organization Details
Founding Year
1960
Phone
(802) 866-5582Principal Officer
Peggy Degoosh
Main Address
4717 Main Street, Newbury, VT, 05051
NTEE Category
Code: P75Z - Human services
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