Overview
What is Cornelia House?
Cornelia House, located at 490 Lynnhurst Avenue East, St Paul, Minnesota 55104, is a 47-unit housing project offering rental accommodations for individuals aged 62 and above, as well as disabled persons. Established with the aim of catering to the elderly, this nonprofit organization provides facilities and services designed to meet their physical, social, and psychological needs. The primary objective of Cornelia House is to promote the health, security, happiness, and usefulness of senior adults, thereby enhancing their quality of life. They offer an independent living community where elderly care is prioritized, ensuring their overall well-being and fulfillment.
Official website here: www.ehomesmn.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Cornelia House has received a solid Three-Star rating from Charity Navigator, reflecting a commitment to accountability and financial management. The organization scored exceptionally well in key areas, such as having a majority of independent board members and strong financial oversight, which indicates a transparent and well-structured governance framework.
The charity's program expense ratio is notably high at 90.06%, demonstrating that the majority of its resources are directed toward its mission-driven activities. This commitment to effectively utilizing funds for programs enhances its credibility and appeal to potential donors. Additionally, the presence of comprehensive policies regarding conflict of interest, whistleblower protections, and document retention further reinforces the organization's dedication to ethical practices.
However, the organization did receive a low score in the liabilities to assets ratio, which may suggest some financial vulnerabilities. While the overall financial health appears sound, potential donors should consider this aspect when evaluating the long-term sustainability of Cornelia House's operations.
This AI summary has been generated from information found on Charity Navigator.
Is Cornelia House legitimate?
Cornelia House is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornelia House 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: $97,857
For more financial information, click here
Official website here: www.ehomesmn.org
What is the mission statement of Cornelia House?
Cornelia House's mission is centered around enhancing the quality of life for senior adults. They achieve this by offering homes and services tailored to meet the physical, social, and spiritual needs of each individual. The organization strives to provide elderly individuals with housing facilities and services specifically designed to cater to their physical, social, and psychological needs, promoting their health, security, happiness, and usefulness in longer living.
Official website here: www.ehomesmn.org
Who is the CEO of Cornelia House?
Marvin Plakut is the President/Ceo of Cornelia House. The CEO's salary of Cornelia House is $0 and their total compensation is $340,653.
Official website here: www.ehomesmn.org
What is the revenue of Cornelia House?
Cornelia House's revenue in 2022 was $918,235.
Official website here: www.ehomesmn.org
Who are the executives of Cornelia House and what are their salaries?
There 24 volunteers at Cornelia House.
Here are 26 key members and their salaries (Cornelia House's CEO's salary is $0 and their total compensation is $340,653):
- Compensation: $0
- Related: $326,339
- Other: $14,314
- Compensation: $0
- Related: $195,260
- Other: $27,908
- Compensation: $0
- Related: $150,647
- Other: $28,252
- Compensation: $0
- Related: $146,530
- Other: $10,338
- Compensation: $0
- Related: $105,489
- Other: $16,920
- 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: $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
Official website here: www.ehomesmn.org
Where can I find the form 990 for Cornelia House?
Cornelia House's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ehomesmn.org
Learn more at the official website: www.ehomesmn.org
Mission Statement of Cornelia House
Cornelia House, a nonprofit organization, is dedicated to enhancing the quality of life for senior adults. Their mission is to provide homes and services that cater to the physical, social, and spiritual needs of each individual senior adult. The organization's primary goal is to create living environments that promote the health, security, happiness, and usefulness of older individuals, enabling them to live comfortably in their later years. Cornelia House strives to meet the specific needs of the elderly, focusing on their overall well-being and ensuring their long-term contentment.
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
Cornelia House has a significant impact on the community by providing elderly care and an independent living community for individuals aged 62 and older as well as disabled persons. The organization's activities are focused on offering housing facilities and services tailored to meet the physical, social, and psychological needs of the elderly. By promoting health, security, happiness, and usefulness in longer living, Cornelia House enhances the quality of life for senior adults, supporting their physical, social, and spiritual well-being.
This information is meant to be a general summary of Cornelia House. 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: $3,790
- Program Service Revenue: $900,503
- Gross Receipts: $918,235
Assets and Liabilities:
- Total Assets: $3,915,557
- Total Liabilities: $3,263,003
- Net Assets: $652,554
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.
RESIDENTIAL RENTAL INC
Revenue
$878,202
OTHER RESIDENT CHARGES
Revenue
$22,301
Organization Details
Founding Year
2004
Phone
(651) 646-0622Principal Officer
Marvin Plakut
Main Address
490 LYNNHURST AVENUE EAST, ST PAUL, MN, 55104
Website
www.ehomesmn.orgNTEE Category
Code: L22 - Housing
If you are a representative of Cornelia House 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.