Overview
What is Mcgraw Housing Co Inc?
McGraw Housing Co Inc, situated in Ithaca, New York, is a senior living facility offering 105 apartment units, catering to active seniors. The complex comprises 65 studio and 40 one-bedroom apartments, equipped with necessary amenities. It provides a guest apartment for visiting family members and maintains a full-time service coordinator to assist residents in obtaining required services as they age in place. The facility offers an evening meal service five days a week, ensuring a clean, well-maintained, secure, and safe living environment, complete with two elevators and 24-hour staffing. McGraw Housing Co Inc's mission is to foster independence, privacy, individuality, diversity, and a sense of community, while enhancing the overall quality of life for its senior residents.
Official website here: www.mcgrawhouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Mcgraw Housing Co Inc has received a 77% score from Charity Navigator, indicating a commendable performance in accountability and finance. The organization showcases strong governance with 94% of its board members being independent and a robust financial oversight structure, including a fully functioning audit committee and documented board meeting minutes.
The charity demonstrates a high program expense ratio of 85.52%, reflecting a commitment to investing in its programs rather than administrative costs. It also maintains transparency through listed policies on conflict of interest and whistleblower protections. However, a significant concern is its liabilities to assets ratio, which stands at 113.08%, suggesting a potential risk in financial stability that could affect future operations.
This AI summary has been generated from information found on Charity Navigator.
Is Mcgraw Housing Co Inc legitimate?
Mcgraw Housing Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcgraw Housing Co 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: $81,778
Professional Fundraising Fees: $0
Other Salaries and Wages: $310,935
For more financial information, click here
Official website here: www.mcgrawhouse.org
What is the mission statement of Mcgraw Housing Co Inc?
McGraw Housing Co Inc's mission is centered around providing a secure living environment for senior residents. This environment fosters independence, offers privacy, encourages individuality, and welcomes diversity. It aims to foster a sense of community among its residents and enhance their quality of life. The company provides necessary services as residents age in place, ensuring a safe and secure living space with friendly 24-hour staffing and amenities such as a lounge, laundry, activity room, and dining area.
Official website here: www.mcgrawhouse.org
Who is the CEO of Mcgraw Housing Co Inc?
Mark Spadolini is the President of Mcgraw Housing Co Inc.
Official website here: www.mcgrawhouse.org
What is the revenue of Mcgraw Housing Co Inc?
Mcgraw Housing Co Inc's revenue in 2023 was $934,336.
Official website here: www.mcgrawhouse.org
Who are the executives of Mcgraw Housing Co Inc and what are their salaries?
The average compensation at Mcgraw Housing Co Inc during 2023 was $23,101. There are 17 employees and 34 volunteers at Mcgraw Housing Co Inc.
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Official website here: www.mcgrawhouse.org
Where can I find the form 990 for Mcgraw Housing Co Inc?
Mcgraw Housing Co Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mcgrawhouse.org
Learn more at the official website: www.mcgrawhouse.org
Mission Statement of Mcgraw Housing Co Inc
McGraw Housing Co Inc, a nonprofit organization, is dedicated to providing a secure living environment for seniors. This mission encompasses supporting and encouraging independence, ensuring privacy, allowing individuality, welcoming diversity, fostering a sense of community, and ultimately enhancing the quality of life for its residents. The organization's apartment building in Ithaca, NY, is designed to cater to active seniors, offering 65 studio and 40 one-bedroom apartments. The building is well-maintained, safe, and secure, with two elevators serving all floors and 24-hour staffing for added peace of mind. McGraw Housing Co Inc also offers a full-time service coordinator to assist residents in obtaining necessary services as they age in place. The main floor includes a spacious air-conditioned lounge, laundry facilities, an activity room, and a dining area that all residents can enjoy.
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Impact
October, 2024
Mcgraw Housing Co Inc significantly impacts the Ithaca community by providing a secure and supportive living environment for active seniors. The facility, featuring 65 studio and 40 one-bedroom apartments, fosters independence while ensuring residents maintain their privacy and individuality. This approach not only enhances the quality of life for seniors but also creates a diverse and inclusive community.
The presence of a full-time service coordinator helps residents navigate their needs as they age, promoting a seamless aging-in-place experience. With amenities such as a dining service, spacious communal areas, and 24-hour staffing, Mcgraw Housing encourages social interaction and engagement among residents, further strengthening community ties.
Additionally, the availability of a guest apartment allows family members to visit comfortably, emphasizing the importance of maintaining familial connections. Overall, Mcgraw Housing Co Inc plays a crucial role in enhancing the well-being and quality of life for seniors in Ithaca, setting a standard for supportive senior living.
This information is meant to be a general summary of Mcgraw Housing Co 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: $556
- Program Service Revenue: $878,568
- Gross Receipts: $934,336
Assets and Liabilities:
- Total Assets: $5,497,674
- Total Liabilities: $5,989,279
- Net Assets: -$491,605
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTS
Revenue
$798,696
DINING
Revenue
$62,355
LAUNDRY AND A/C
Revenue
$14,765
OTHER
Revenue
$2,752
Organization Details
Founding Year
1970
Phone
(607) 272-7054Principal Officer
Mark Spadolini
Main Address
221 S GENEVA ST, ITHACA, NY, 14850
Website
www.mcgrawhouse.orgNTEE Category
Code: L20Z - Housing
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