Overview
What is Apostolic Christian Home Foundation?
The Apostolic Christian Home Foundation is a nonprofit organization situated in Peoria, Illinois. Its primary mission is to support Apostolic Christian Skylines, a non-profit continuing care retirement community, by providing grants to help cover operational cash flow shortfalls and deficits. These financial issues arise, in part, due to Medicaid/public aid reimbursement rates being lower than the facility's stated rates and delays in receiving government reimbursements. In essence, the Apostolic Christian Home Foundation's role is to aid Apostolic Christian Skylines in fulfilling its objectives and serving its elderly residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Overall score: 73%, earning a Two-Star out of Four Star rating. The rating indicates that while the Apostolic Christian Home Foundation meets some essential accountability and financial standards, there is room for improvement in certain areas.
Strengths of the organization include a fully independent board, with all members meeting the criteria for independence, and a strong commitment to accountability demonstrated by the absence of asset diversion. The program expense ratio is notably high at 98.16%, which suggests that the majority of funds are directed towards fulfilling its mission, rather than administrative costs.
However, the overall score of 73% reflects that there may be weaknesses in other performance metrics that require attention. While the foundation exhibits strong governance practices, further improvements could enhance its effectiveness and reputation among potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Apostolic Christian Home Foundation legitimate?
Apostolic Christian Home Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Apostolic Christian Home Foundation 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: $0
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What is the mission statement of Apostolic Christian Home Foundation?
The Apostolic Christian Home Foundation's mission is centered around supporting and serving the purposes of the Apostolic Christian Skylines, a continuing care retirement community, and the Apostolic Christian Church of Peoria. Its primary objective is to exclusively benefit these entities, thereby carrying out their functions and objectives. The foundation's role is not specified beyond this, but it can be inferred that it aims to contribute to the well-being and needs of the Apostolic Christian Skylines and the church in Peoria.
Who is the CEO of Apostolic Christian Home Foundation?
Allan Herrmann is the Secretary of Apostolic Christian Home Foundation.
What is the revenue of Apostolic Christian Home Foundation?
Apostolic Christian Home Foundation's revenue in 2022 was $187,888.
Who are the executives of Apostolic Christian Home Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Apostolic Christian Home Foundation?
Apostolic Christian Home Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Apostolic Christian Home Foundation
The Apostolic Christian Home Foundation's primary mission is to support and serve the Apostolic Christian Skylines, a continuing care retirement community, and the Apostolic Christian Church of Peoria. This organization exists to exclusively benefit and carry out the purposes of these entities, working towards their mutual advancement. In essence, the Apostolic Christian Home Foundation is dedicated to enhancing the well-being and fulfilling the functions of these interconnected entities.
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Impact
October, 2024
The Apostolic Christian Home Foundation significantly impacts the community by supporting the Apostolic Christian Skylines, a continuing care retirement community in Peoria, Illinois. Its primary role involves issuing grants that help subsidize operational cash flow shortfalls and deficits faced by the facility. These shortfalls typically arise from discrepancies between Medicaid reimbursement rates and the facility's stated rates, along with delays in government reimbursements.
By addressing these financial challenges, the foundation ensures that the Apostolic Christian Skylines can continue to offer essential services to its residents without compromising the quality of care. This support not only sustains operations but also enhances the overall well-being of the elderly population they serve, promoting a nurturing and stable environment. Ultimately, the foundation plays a crucial role in maintaining the continuity of care and support for the residents, contributing to the health and vitality of the community as a whole.
This information is meant to be a general summary of Apostolic Christian Home Foundation. 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: $79,040
- Gross Receipts: $385,201
Assets and Liabilities:
- Total Assets: $4,798,286
- Total Liabilities: $0
- Net Assets: $4,798,286
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Organization Details
Founding Year
2004
Phone
(309) 691-8091Principal Officer
Allan Herrmann
Main Address
7023 NE SKYLINE DR, PEORIA, IL, 61614
NTEE Category
Code: T990 - Philanthropy
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