Overview
What is Carmel Terrace Inc?
Carmel Terrace Inc, situated in Framingham, Massachusetts, is a nonprofit organization dedicated to serving the elderly and infirm community. With a compassionate approach, they offer approximately 20,000 days of care and supporting services within their 69 one- and two-bedroom apartments. Their mission is deeply rooted in the teachings and doctrines of the Roman Catholic Church, as they strive to uphold the values and mission of the Carmelite Sisters for the Aged and Infirm. This mission translates into providing care and services to the community in a caring and respectful manner, extending beyond the boundaries of their Framingham location to other communities seeking their assistance. The organization employs a team of 59 individuals to fulfill this mission.
Official website here: www.carmelterrace.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Carmel Terrace Inc demonstrates a strong commitment to accountability and financial management, achieving a top-tier score of 96%. This rating reflects a focus on responsible governance practices, such as having a fully independent board and transparent financial statements. The organization has established various policies, including conflict of interest and whistleblower policies, which reinforce its dedication to ethical operations.
The charity excels in its program expense ratio, with over 85% of its expenses directed toward programs. This high percentage indicates a strong focus on fulfilling its mission and serving the community effectively. Additionally, Carmel Terrace Inc has not reported any material diversions of assets, further enhancing its credibility in financial stewardship.
While the organizational strengths are commendable, the data does not highlight any significant limitations or areas for improvement. Overall, Carmel Terrace Inc stands out as a well-managed nonprofit, providing reassurance to donors and stakeholders about the effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Carmel Terrace Inc legitimate?
Carmel Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carmel Terrace 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: $1,496,287
For more financial information, click here
Official website here: www.carmelterrace.org
What is the mission statement of Carmel Terrace Inc?
Carmel Terrace Inc's mission is centered around providing care and services to the community, aligning with the theology, philosophy, teachings, and doctrines of the Roman Catholic Church. The organization draws inspiration from the mission, philosophy, and values of the Carmelite Sisters for the Aged and Infirm. They offer care and services in a compassionate and caring manner, contributing to the well-being of the elderly and infirm, including through supporting services. Their work is carried out within 69 units of one- and two-bedroom apartments, extending their services to members of various communities.
Official website here: www.carmelterrace.org
Who is the CEO of Carmel Terrace Inc?
Mother Mary Rose Heery is the President of Carmel Terrace Inc. The CEO's salary of Carmel Terrace Inc is $0 and their total compensation is $735,847.
Official website here: www.carmelterrace.org
What is the revenue of Carmel Terrace Inc?
Carmel Terrace Inc's revenue in 2022 was $4,336,050.
Official website here: www.carmelterrace.org
Who are the executives of Carmel Terrace Inc and what are their salaries?
The average compensation at Carmel Terrace Inc during 2022 was $25,361. There are 59 employees and 14 volunteers at Carmel Terrace Inc.
Here are 13 key members and their salaries (Carmel Terrace Inc's CEO's salary is $0 and their total compensation is $735,847):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $710,781
- Other: $25,066
Official website here: www.carmelterrace.org
Where can I find the form 990 for Carmel Terrace Inc?
Carmel Terrace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carmelterrace.org
Learn more at the official website: www.carmelterrace.org
Mission Statement of Carmel Terrace Inc
Carmel Terrace Inc, rooted in the teachings and doctrines of the Roman Catholic Church, is committed to providing care and services to the community. The organization's mission is built upon the philosophy and values of the Carmelite Sisters for the Aged and Infirm, and it strives to uphold these principles in its operations. In accordance with its mission, Carmel Terrace Inc offers approximately 20,000 days of care to the elderly and infirm, providing supportive services within its 69 units of one- and two-bedroom apartments. The organization operates with compassion and care, extending its services not only to members of the local community but also to those in surrounding areas who seek its assistance.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Carmel Terrace Inc impacts the community by providing approximately 20,000 days of care to the elderly and infirm, along with related supporting services within the 69 units of one- and two-bedroom apartments in Framingham, MA. They offer these services in a compassionate and caring manner to members of the town and surrounding communities, aligning with the theology, philosophy, teachings, and doctrines of the Roman Catholic Church. Their commitment to respecting and building on the mission, philosophy, and values of the Carmelite Sisters for the Aged and Infirm underscores their dedication to serving those in need with dignity and compassion.
This information is meant to be a general summary of Carmel Terrace 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: $589,260
- Program Service Revenue: $3,459,638
- Gross Receipts: $20,068,033
Assets and Liabilities:
- Total Assets: $17,774,771
- Total Liabilities: $1,590,458
- Net Assets: $16,184,313
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RESIDENT SERVICES REVENUE
Revenue
$3,459,638
Organization Details
Founding Year
1993
Phone
(508) 788-8000Principal Officer
Mother Mary Rose Heery
Main Address
933 CENTRAL STREET, FRAMINGHAM, MA, 01701
Website
www.carmelterrace.orgNTEE Category
Code: L22Z - Housing
If you are a representative of Carmel Terrace Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.