Overview
What is Danish Home For The Aged Inc?
Danish Home for the Aged Inc., located in Croton-on-Hudson, New York, was a nonprofit organization dedicated to offering an independent retirement residence for the elderly. Its mission included providing a comfortable living environment for seniors, ensuring their independence. In 2020, the organization relocated its residents and ceased operations. In 2022, it engaged professionals for the transfer and sale of its assets. The organization is set to dissolve following the sale of its real property in 2023. Despite its closure, Danish Home for the Aged Inc. left a significant impact on the lives of those it served.
Official website here: www.danishhome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% - Three Stars
Danish Home For The Aged Inc has earned a Three-Star out of Four Star rating, indicating a solid performance in its accountability and finance practices. The organization scored 79% overall, reflecting a strong commitment to financial transparency and responsible management, as assessed in their most recent fiscal year (FY2023).
The charity excels in several key areas, including a perfect score in financial statements, audit oversight, and a robust conflict of interest policy. The organization demonstrates prudent financial management, evidenced by a low liabilities to assets ratio of 0.00% and a high program expense ratio of 96.83%, showing that almost all of its expenditures are directed towards its mission rather than administrative costs.
While the organization performs well in accountability and finance, the single beacon score means there are no evaluations of other areas such as impact or governance. This limitation suggests that potential donors might want to consider additional factors beyond financial metrics when assessing the charity's overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Danish Home For The Aged Inc legitimate?
Danish Home For The Aged Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Danish Home For The Aged 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: $118,269
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,869
For more financial information, click here
Official website here: www.danishhome.org
What is the mission statement of Danish Home For The Aged Inc?
The Danish Home For The Aged Inc, in its mission, aimed to establish an independent retirement residence for the elderly. This was their primary objective, providing a residence where seniors could enjoy their retirement years with independence. Regrettably, the Danish Home For The Aged Inc ceased operations in 2020. In 2022, they engaged professional services to oversee the transfer and sale of their assets. By 2023, following the sale of their real property, the organization is scheduled to dissolve. Despite its closure, the Danish Home For The Aged Inc played an important role in offering a retirement residence for the elderly, prioritizing their independence.
Official website here: www.danishhome.org
Who is the CEO of Danish Home For The Aged Inc?
Erik J Andersen is the Executive Di of Danish Home For The Aged Inc.
Official website here: www.danishhome.org
What is the revenue of Danish Home For The Aged Inc?
Danish Home For The Aged Inc's revenue in 2022 was $154,277.
Official website here: www.danishhome.org
Who are the executives of Danish Home For The Aged Inc and what are their salaries?
The average compensation at Danish Home For The Aged Inc during 2022 was $43,828. There are 5 employees and 8 volunteers at Danish Home For The Aged Inc.
Here are 8 key members and their salaries:
- Compensation: $118,269
- Related: $0
- Other: $0
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- 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.danishhome.org
Where can I find the form 990 for Danish Home For The Aged Inc?
Danish Home For The Aged Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.danishhome.org
Learn more at the official website: www.danishhome.org
Mission Statement of Danish Home For The Aged Inc
Danish Home for the Aged, Inc., a nonprofit organization, had a mission to provide an independent retirement residence for the elderly. This mission was centered around offering a living environment where seniors could maintain their independence. The organization aimed to cater to the needs of the elderly, providing them with a suitable place to reside as they entered their retirement years. Unfortunately, Danish Home for the Aged, Inc., ceased operations in 2020. Following this, the organization hired professional services to oversee the transfer and sale of its assets in 2022. The organization is scheduled to dissolve after the sale of its real property, which is expected to take place in 2023.
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Impact
October, 2024
Danish Home For The Aged Inc had a significant impact by providing an independent retirement residence tailored for the elderly community. During its operations, it created a supportive environment that catered to the unique needs of aging individuals, promoting a sense of independence and dignity. The home facilitated social interaction and engagement among residents, enhancing their quality of life and wellbeing.
Although the organization ceased operations in 2020, its legacy is reflected in the lives of those it served and the community it fostered. The relocation of residents and the professional handling of asset transfer in 2022 underscored a commitment to ensuring continuity of care for the elderly, even as the organization moved towards dissolution in 2023. The efforts to facilitate this transition highlight the importance of responsible stewardship in elder care, maintaining respect for residents and their needs during significant changes.
This information is meant to be a general summary of Danish Home For The Aged 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: $39,377
- Program Service Revenue: $63,000
- Gross Receipts: $154,277
Assets and Liabilities:
- Total Assets: $3,501,965
- Total Liabilities: $91,744
- Net Assets: $3,410,221
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITIES
Revenue
$63,000
Organization Details
Founding Year
1904
Phone
(914) 271-3052Principal Officer
Erik J Andersen
Main Address
PO BOX 334, CROTONONHUDSON, NY, 10520
Website
www.danishhome.orgNTEE Category
Code: L22Z - Housing
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