Overview
What is Teresian House Foundation Inc?
Teresian House Foundation Inc, established in 1990, serves as the charitable arm of Teresian House Nursing Home Co., Inc. Based in Albany, New York, the Foundation's primary focus is to strengthen community relations and fundraising efforts for the benefit of Teresian House's residents and staff. Over the past three decades, it has successfully raised over $11 million, contributing significantly to the provision of top-notch care for the elderly. The Foundation's activities encompass enhancing Teresian House facilities, sponsoring educational workshops, supporting dedicated employees with expanded benefits, and developing community programs centered on elder care.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 89%, Three-Star out of Four Star rating.
The Teresian House Foundation Inc has received an 89% rating, reflective of strong accountability and finance practices. The organization has a fully independent board with 22 members and demonstrates no material diversion of assets, indicating robust governance. Their policies on conflicts of interest and whistleblowing are clearly established, contributing positively to their overall evaluation.
Financially, the foundation allocates a significant portion of its expenses—66.34%—towards programs, which is commendable though slightly below optimal levels. The liabilities to assets ratio stands at a healthy 12.41%, showcasing solid financial stability. While the organization excels in many areas, there is room for improvement in program expense ratios to enhance overall effectiveness further.
This AI summary has been generated from information found on Charity Navigator.
Is Teresian House Foundation Inc legitimate?
Teresian House Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teresian House Foundation 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: $135,158
For more financial information, click here
What is the mission statement of Teresian House Foundation Inc?
The Teresian House Foundation, serving as the charitable arm of Teresian House Nursing Home Co., Inc., primarily focuses on fundraising and promotional activities. Established in 1990, its primary objective is to support Teresian House Nursing Home by enhancing the living conditions for its elderly residents, sponsoring educational workshops, and expanding benefit programs for its dedicated staff. The Foundation also develops special programs related to elder care for the community. Over the years, it has successfully raised over $11,000,000 to contribute to the mission of providing exceptional care to the elderly.
Who is the CEO of Teresian House Foundation Inc?
Frank K Yeboah is the Principal Officer of Teresian House Foundation Inc.
What is the revenue of Teresian House Foundation Inc?
Teresian House Foundation Inc's revenue in 2022 was $727,286.
Who are the executives of Teresian House Foundation Inc and what are their salaries?
There 23 volunteers at Teresian House Foundation Inc.
Here are 23 key members and their salaries:
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Where can I find the form 990 for Teresian House Foundation Inc?
Teresian House Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teresian House Foundation Inc
Teresian House Foundation Inc, as the charitable arm of Teresian House Nursing Home Co., Inc., was established with a primary mission to offer fundraising and promotional support. Its objective is to enhance the living conditions and care for the elderly residents and staff at Teresian House. Over the past three decades, the Foundation has successfully raised over $11 million, demonstrating its commitment to this noble cause. The Foundation's activities extend beyond financial support, encompassing the development of community relations programs and sponsoring educational workshops. The mission of Teresian House Foundation Inc is to improve the quality of life for the elderly residents of Teresian House and contribute to the well-being of its dedicated staff, thereby enriching the overall Teresian House community.
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Impact
October, 2024
Teresian House Foundation Inc has made a significant impact on the quality of life for residents at Teresian House Nursing Home in Albany, NY. Through its dedicated fundraising and promotional activities, the Foundation has raised over $11 million since its inception in 1990. These funds are crucial in enhancing the living conditions and care provided to the elderly residents.
The Foundation plays a vital role in developing community relations and organizing various educational workshops, which not only benefit the residents but also empower the dedicated staff who care for them. Additionally, it supports programs that expand employee benefits, fostering a positive work environment and thereby improving the overall quality of care.
By spearheading initiatives related to elder care and engaging the community, the Teresian House Foundation ensures that the needs of the residents are met, providing them with programs and experiences that enrich their lives. Its commitment to improving the standards of care and support within the nursing home environment is evident in every aspect of its activities, making a lasting impact on the Teresian House community and beyond.
This information is meant to be a general summary of Teresian House Foundation 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: $300,206
- Gross Receipts: $727,286
Assets and Liabilities:
- Total Assets: $1,706,694
- Total Liabilities: $198,732
- Net Assets: $1,507,962
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Organization Details
Founding Year
1990
Phone
(518) 456-2000Principal Officer
Frank K Yeboah
Main Address
200 Washington Avenue Extension, Albany, NY, 12203
NTEE Category
Code: E91I - Health
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