Overview
What is Mayslake Center Ii Nfp?
Mayslake Center II NFP is a nonprofit organization situated in Oak Brook, Illinois, with a focus on providing affordable housing for low-income senior citizens. They operate a residential rental retirement facility, serving as a vital resource within their mission to promote affordable living. The organization's primary activity lies in offering a secure and comfortable living environment for senior residents, thereby contributing positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 75% - Three-Star out of Four Star rating
Mayslake Center II NFP has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management within the organization. The charity scored well primarily due to its high ratings in areas such as board independence, financial audits, and the absence of material asset diversion, which reflects a transparent and responsible approach to governance.
The organization boasts a fully independent board, with all members meeting the criteria for independence, along with strong financial practices evidenced by a high program expense ratio of 93.58%. This suggests that a significant portion of its funds is directed toward its programs rather than administrative costs, which is a positive sign for potential donors and stakeholders.
However, it is worth noting that the organization received no points in the liabilities to assets ratio, which may indicate concerns regarding its financial stability or management of debts. While the overall accountability and transparency are commendable, potential supporters may want to consider this aspect when evaluating their support for Mayslake Center II NFP.
This AI summary has been generated from information found on Charity Navigator.
Is Mayslake Center Ii Nfp legitimate?
Mayslake Center Ii Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mayslake Center Ii Nfp 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: $680,062
For more financial information, click here
What is the mission statement of Mayslake Center Ii Nfp?
Mayslake Center II NFP is dedicated to serving the elderly population by providing them with affordable housing options. As part of its mission, the organization operates a residential retirement facility for low-income seniors. Located in Oak Brook, IL, Mayslake Center II NFP aims to make housing accessible for seniors who may not have the means to afford it otherwise. The organization's mission emphasizes the importance of affordable housing for the elderly, ensuring that they can live with dignity and independence.
Who is the CEO of Mayslake Center Ii Nfp?
Joseph Saraceno is the CEO of Mayslake Center Ii Nfp The CEO's salary of Mayslake Center Ii Nfp is $0 and their total compensation is $254,039.
What is the revenue of Mayslake Center Ii Nfp?
Mayslake Center Ii Nfp's revenue in 2024 was $3,475,534.
Who are the executives of Mayslake Center Ii Nfp and what are their salaries?
The average compensation at Mayslake Center Ii Nfp during 2024 was $17,437. There are 39 employees and 20 volunteers at Mayslake Center Ii Nfp.
Here are 8 key members and their salaries (Mayslake Center Ii Nfp's CEO's salary is $0 and their total compensation is $254,039):
- Compensation: $0
- Related: $230,945
- Other: $23,094
- Compensation: $0
- Related: $135,504
- Other: $13,550
- Compensation: $0
- Related: $122,165
- Other: $12,216
- 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
Where can I find the form 990 for Mayslake Center Ii Nfp?
Mayslake Center Ii Nfp's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Mayslake Center Ii Nfp
Mayslake Center II NFP is dedicated to serving the needs of low-income seniors by providing them with affordable housing. This nonprofit organization operates a residential rental retirement facility, which serves as a home for senior citizens with limited financial resources. By offering affordable housing, Mayslake Center II NFP contributes to the well-being and comfort of its elderly residents, enabling them to live with dignity and independence. The mission of Mayslake Center II NFP extends beyond providing a place to live, as it aims to support the needs of its senior residents, ensuring they have a secure and affordable living situation.
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Impact
October, 2024
Mayslake Center II NFP plays a crucial role in providing low-income housing for seniors, addressing a significant need in the community. By operating a residential rental retirement facility in Oak Brook, IL, they create a supportive environment that allows older adults to age in place with dignity and security.
The center not only offers affordable accommodations but also fosters a sense of community among residents, enhancing their quality of life. This commitment to serving low-income seniors ensures that individuals who may otherwise struggle to find suitable housing have a safe and stable living situation. Mayslake Center II NFP's impact extends beyond just housing; it contributes to the overall well-being of seniors, promoting independence and social engagement. Through its mission, the center addresses the urgent need for accessible housing solutions, making a significant difference in the lives of those it serves.
This information is meant to be a general summary of Mayslake Center Ii Nfp. 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 2024.
- Program Service Revenue: $3,475,534
- Gross Receipts: $3,475,534
Assets and Liabilities:
- Total Assets: $20,239,360
- Total Liabilities: $18,479,118
- Net Assets: $1,760,242
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL
Revenue
$3,472,512
VARIOUS
Revenue
$3,022
Organization Details
Founding Year
2006
Principal Officer
James Fiore
NTEE Category
Code: L22 - Housing
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