Overview
What is Masonicare Corporation?
Masonicare Corporation serves as a parent organization and support system for its affiliate corporations, primarily focused on providing care services for the elderly. Established in 1995, its mission is to enhance the quality of life for individuals throughout their lifespan, with a particular emphasis on older adults. The corporation offers strategic and financial planning, policy development, and support services to its affiliates, which include entities providing continuing care retirement services, housing, healthcare, and related services for the aging population. With around 121 employees, Masonicare Corporation seeks to uphold its traditional values by aiding, assisting, or supporting the elderly, sick, or infirm, thereby addressing the needs of an aging population.
Official website here: www.masonicare.org
Is Masonicare Corporation legitimate?
Masonicare Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masonicare Corporation 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: $1,348,160
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,682,924
For more financial information, click here
Official website here: www.masonicare.org
What is the mission statement of Masonicare Corporation?
Masonicare Corporation, serving as a parent holding company and support organization for its affiliate corporations, aims to enhance the quality of life for individuals throughout their lifetime. The organization provides health, social, and spiritual care with a particular focus on the needs of older adults. Tracing its roots to The Masonic Charity Foundation of Connecticut, Masonicare's primary purpose is to aid, assist, or support the aged, sick, or infirm, and cater to the needs of an aging population. In line with its traditional values, Masonicare's mission is to prioritize and improve the well-being of its clients by offering comprehensive care services.
Official website here: www.masonicare.org
Who is the CEO of Masonicare Corporation?
Jon-Paul Venoit is the CEO of Masonicare Corporation The CEO's salary of Masonicare Corporation is $717,186 and their total compensation is $769,379.
Official website here: www.masonicare.org
What is the revenue of Masonicare Corporation?
Masonicare Corporation's revenue in 2023 was $15,691,064.
Official website here: www.masonicare.org
Who are the executives of Masonicare Corporation and what are their salaries?
The average compensation at Masonicare Corporation during 2023 was $66,373. There are 121 employees and 100 volunteers at Masonicare Corporation.
Here are 26 key members and their salaries (Masonicare Corporation's CEO's salary is $717,186 and their total compensation is $769,379):
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- Compensation: $717,186
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- Compensation: $157,329
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- Compensation: $147,120
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- Other: $34,785
- Compensation: $269,433
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- Other: $37,817
Official website here: www.masonicare.org
Where can I find the form 990 for Masonicare Corporation?
Masonicare Corporation'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 Corporation
Masonicare Corporation, serving as a parent holding company and support organization for its affiliate corporations, is dedicated to enhancing the quality of life for individuals throughout their lifetime. With a focus on older adults, Masonicare provides health, social, and spiritual care, emphasizing the unique needs of this age group. Tracing its origins to The Masonic Charity Foundation of Connecticut, the organization's mission is rooted in aiding, assisting, or supporting the aged, sick, or infirm, and addressing the needs of an aging population. In line with its traditional values, Masonicare strives to improve the lives of its clients by offering a wide range of continuing care retirement services, housing, healthcare, and related support services.
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Impact
October, 2024
Masonicare Corporation plays a crucial role in enhancing the quality of life for the aging population in Connecticut and beyond. As a parent holding company and support organization, it provides essential management and operational services to its affiliated corporations, which focus on geriatric care, hospital services, and ongoing healthcare needs.
Through strategic planning and policy development, Masonicare ensures that its affiliates deliver high-quality, compassionate care tailored to older adults. By supporting organizations that offer continuing care retirement services and other healthcare-related services, Masonicare strengthens the network of care available to seniors, addressing their physical, social, and spiritual needs.
The organization's long-standing commitment reflects its understanding of the unique challenges faced by older individuals, making it a vital component in the fabric of community health services. Masonicare's impact extends beyond immediate healthcare services; it advocates for the dignity and well-being of older adults, contributing significantly to their quality of life throughout their later years.
This information is meant to be a general summary of Masonicare Corporation. 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: $5,239,797
- Program Service Revenue: $7,748,396
- Gross Receipts: $16,031,560
Assets and Liabilities:
- Total Assets: $50,868,442
- Total Liabilities: $131,354,803
- Net Assets: -$80,486,361
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$7,748,396
Organization Details
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