Overview
What is Masonicare At Ashlar Village Inc?
Masonicare At Ashlar Village Inc is a not-for-profit continuing care retirement community located in Wallingford, Connecticut. With a total of 261 employees, the community offers both independent and assisted living for individuals aged 55 and above. The facility comprises 243 apartments, 72 cottages, and 40 villas, with an occupancy rate of 92.0% for the retirement community and 74.4% for the assisted living facility (Pond Ridge) in the fiscal year ending September 2022. The mission of Masonicare at Ashlar Village is to foster an environment of respect, independence, and dignity for its residents, striving to be the leading continuing care retirement community in the region. The organization is committed to promoting health, wellness, and a high quality of life, providing essential healthcare services that cater to the needs of all residents. The community follows the traditions of Masonry and aims to maintain the well-being, independence, and quality of life for all residents.
Official website here: www.masonicare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94%
Masonicare At Ashlar Village Inc has achieved a Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score is derived from a comprehensive evaluation of its financial practices, achieving nearly perfect scores in all assessed categories, which highlights the organization’s strong commitment to transparency and effective governance.
The organization boasts a fully independent board of directors, which enhances its credibility and decision-making processes. With a focus on maintaining ethical standards, Masonicare has implemented policies for conflict of interest, whistleblowing, and document retention, ensuring that it adheres to best practices in nonprofit management. The financial oversight includes an audit committee that further strengthens its fiscal responsibility.
Despite its impressive ratings, a notable aspect is the organization's liabilities to assets ratio, which stands at 52.94%. While this is still a strong performance, it suggests that the organization may carry a moderate level of debt relative to its assets, which could be a point of concern for potential donors or stakeholders. However, its program expense ratio of 87.31% indicates that the majority of its funds are dedicated to its mission-driven activities, reinforcing its positive standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Masonicare At Ashlar Village Inc legitimate?
Masonicare At Ashlar Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masonicare At Ashlar Village 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: $318,462
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,713,383
For more financial information, click here
Official website here: www.masonicare.org
What is the mission statement of Masonicare At Ashlar Village Inc?
Masonicare At Ashlar Village Inc is a not-for-profit Continuing Care Retirement Community, dedicated to providing both independent and assisted living for individuals aged 55 and above. Committed to fostering an environment of respect, independence, and dignity, the organization aims to maintain the well-being and quality of life for all residents. Masonicare At Ashlar Village strives to be recognized as a leading retirement community in the region and envisions a continuing partnership with Masonicare and related resources in meeting the holistic needs of the community. Following the traditions of Masonry, the community is deeply committed to enhancing the lives of its residents.
Official website here: www.masonicare.org
Who is the CEO of Masonicare At Ashlar Village Inc?
Jon-Paul Venoit is the CEO of Masonicare At Ashlar Village Inc The CEO's salary of Masonicare At Ashlar Village Inc is $0 and their total compensation is $769,379.
Official website here: www.masonicare.org
What is the revenue of Masonicare At Ashlar Village Inc?
Masonicare At Ashlar Village Inc's revenue in 2023 was $31,914,782.
Official website here: www.masonicare.org
Who are the executives of Masonicare At Ashlar Village Inc and what are their salaries?
The average compensation at Masonicare At Ashlar Village Inc during 2023 was $23,207. There are 303 employees and 75 volunteers at Masonicare At Ashlar Village Inc.
Here are 26 key members and their salaries (Masonicare At Ashlar Village Inc's CEO's salary is $0 and their total compensation is $769,379):
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- Related: $717,186
- Other: $52,193
- Compensation: $108,061
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- Other: $47,278
- Compensation: $103,781
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- Other: $6,210
- Compensation: $158,338
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- Other: $15,770
- Compensation: $113,270
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- Other: $29,755
- Compensation: $130,323
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- Other: $31,508
Official website here: www.masonicare.org
Where can I find the form 990 for Masonicare At Ashlar Village Inc?
Masonicare At Ashlar Village Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.masonicare.org
Learn more at the official website: www.masonicare.org
Mission Statement of Masonicare At Ashlar Village Inc
Masonicare At Ashlar Village, a not-for-profit organization and an affiliate of Masonicare, is dedicated to creating the highest quality of life for its residents aged 55 and above. With a commitment to fostering an environment of respect, independence, and dignity, this Continuing Care Retirement Community aims to maintain the well-being, independence, and quality of life for all its residents.
Masonicare at Ashlar Village's mission is grounded in the traditions of Masonry. It aspires to be recognized as the leading Continuing Care Retirement Community in the region, consistently striving for excellence in meeting the needs of its community – body, mind, and spirit. The organization's vision extends beyond its residents, envisioning a continuing partnership with Masonicare and other related resources to address the holistic requirements of its community.
Masonicare at Ashlar Village is committed to fostering a community where each resident enjoys a sense of respect and dignity. By offering both independent and assisted living options, the organization caters to the diverse needs of its residents, ensuring that the highest standard of living is met. The team at Masonicare at Ashlar Village remains dedicated to supporting residents in their journey towards independence and personal growth, fostering a vibrant and engaging environment for all.
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Impact
August, 2024
Masonicare At Ashlar Village Inc's impact lies in providing a continuum of care for individuals aged 55 and over, promoting health, wellness, and a high quality of life in independent and assisted living environments. By offering a range of housing options, healthcare services, and amenities, Masonicare at Ashlar Village strives to maintain the well-being, independence, and dignity of all residents. Through its commitment to excellence and tradition of Masonry, the organization envisions itself as a leader in the region, dedicated to meeting the holistic needs of its community members - body, mind, and spirit.
This information is meant to be a general summary of Masonicare At Ashlar Village 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 2023.
- Investment Income: $2,061,496
- Program Service Revenue: $28,609,521
- Gross Receipts: $31,949,312
Assets and Liabilities:
- Total Assets: $124,424,706
- Total Liabilities: $65,870,479
- Net Assets: $58,554,227
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT INCOME
Revenue
$19,459,568
ASSISTED LIVING REVENUE
Revenue
$9,149,953
Organization Details
Founding Year
1981
Phone
(203) 679-6400Main Address
PO Box 70, Wallingford, CT, 06492
Website
www.masonicare.orgNTEE Category
Code: P750 - Human services
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