Overview
What is Merry Go Round Inc?
Merry Go Round Inc, based in Greenwich, is a nonprofit organization dedicated to providing affordable living solutions for the elderly. They offer apartment rentals and essential food services, ensuring a comfortable living environment for their elderly residents. A supportive team of aides is always available to lend a hand and offer assistance to those in need. The mission of Merry Go Round Inc is to enhance the quality of life for the elderly population, providing them with a sense of independence and security in their golden years.
Official website here: www.themewsgreenwich.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star rating
Merry Go Round Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 88%. This rating indicates a strong commitment to accountability and finance, with a perfect score in several critical areas such as independent board membership and financial oversight. The organization demonstrates transparency through its financial statements and policies, contributing to its solid standing.
The organization excels in maintaining an independent board, with all members being free from conflicts of interest, and shows effective financial management as evidenced by its high program expense ratio of 88.83%. Additionally, Merry Go Round Inc has no reported material diversion of assets, enhancing its credibility among stakeholders and donors.
However, the charity does have a couple of areas for improvement, including the absence of a whistleblower policy and document retention and destruction protocols. Addressing these gaps could further strengthen its governance and operational practices, ensuring continued trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Merry Go Round Inc legitimate?
Merry Go Round Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merry Go Round 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: $1,836,308
For more financial information, click here
Official website here: www.themewsgreenwich.org
What is the mission statement of Merry Go Round Inc?
Merry Go Round Inc is committed to providing affordable living solutions for the elderly. This is achieved through the operation of facilities like The Mews in Greenwich, which offers apartment rentals and food services. The organization goes beyond just providing housing, as aides are available to assist and offer comfort to elderly residents who may require it. In essence, Merry Go Round Inc aims to enhance the quality of life for the elderly by offering them affordable and supportive living arrangements.
Official website here: www.themewsgreenwich.org
Who is the CEO of Merry Go Round Inc?
Roswell Curtis is the Chairman of Merry Go Round Inc.
Official website here: www.themewsgreenwich.org
What is the revenue of Merry Go Round Inc?
Merry Go Round Inc's revenue in 2022 was $3,214,843.
Official website here: www.themewsgreenwich.org
Who are the executives of Merry Go Round Inc and what are their salaries?
The average compensation at Merry Go Round Inc during 2022 was $43,722. There are 42 employees at Merry Go Round Inc.
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Official website here: www.themewsgreenwich.org
Where can I find the form 990 for Merry Go Round Inc?
Merry Go Round Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.themewsgreenwich.org
Learn more at the official website: www.themewsgreenwich.org
Mission Statement of Merry Go Round Inc
Merry Go Round Inc, a nonprofit organization, is dedicated to providing affordable living solutions for the elderly. At the heart of its mission is The Mews in Greenwich, which offers apartment rentals and essential food services. The organization goes beyond just providing a place to live, as aides are on hand to offer assistance and comfort to residents who may need it. These aides help to create a supportive and nurturing environment, ensuring that the elderly residents feel cared for and secure. By offering affordable living options, Merry Go Round Inc is making it possible for seniors to maintain their independence and dignity, while also ensuring they have access to necessary care and support.
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Impact
July, 2024
Merry Go Round Inc, under its affordable living for the elderly initiative, has a substantial impact by providing a supportive and comfortable environment for seniors in need of affordable housing in Greenwich, CT. Through apartment rentals and food services, residents are able to access vital resources to improve their quality of life. The presence of aides further enhances the well-being of residents by offering assistance and comfort whenever needed. This initiative fosters a sense of community and ensures that elderly individuals have a safe and welcoming place to call home.
This information is meant to be a general summary of Merry Go Round 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: $533,855
- Program Service Revenue: $2,667,641
- Gross Receipts: $4,946,489
Assets and Liabilities:
- Total Assets: $17,658,272
- Total Liabilities: $0
- Net Assets: $17,658,272
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS COLLECTED
Revenue
$2,619,556
MOVE IN FEES
Revenue
$34,500
SPECIAL SERVICE FEES
Revenue
$6,336
VENDING MACHINE/ICE CREAM SALES
Revenue
$2,350
MEAL TICKET PROCEEDS
Revenue
$1,574
Organization Details
Founding Year
1949
Phone
(203) 869-9448Principal Officer
Roswell Curtis
Main Address
12 BOLLING PLACE, GREENWICH, CT, 06830
Website
www.themewsgreenwich.orgNTEE Category
Code: L220 - Housing
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