Overview
What is Auburn Community Companies Inc?
Auburn Community Companies Inc, a nonprofit organization based in Auburn, New York, primarily focuses on acquiring and financing property for leasing to Auburn Community Hospital, a 501(c)(3) organization. The purpose of this leasing arrangement is to operate a skilled nursing facility. Although the debt associated with the financed property was paid off in 2016, Auburn Community Companies Inc continues to generate revenue through rental income that equates to the current year's depreciation expense and covers other operational expenses. In essence, Auburn Community Companies Inc plays a crucial role in supporting healthcare services in the community by facilitating the operation of a skilled nursing facility.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 74%)
Auburn Community Companies Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall performance and accountability. The organization has a score of 74%, reflecting some positive aspects, but significant areas require enhancement, particularly in governance and transparency practices. Notably, the absence of independent board members and the lack of a listed website on the tax form are concerning factors that impact their overall rating.
Strengths of Auburn Community Companies include a high score for their conflict of interest, whistleblower, and document retention policies, all of which received maximum points. Additionally, the organization has demonstrated strong financial management, as indicated by a satisfactory liabilities to assets ratio and program expense ratio. These elements suggest that while the organization manages its funds effectively, there are systemic governance issues that need addressing.
Limitations noted in the data include a complete lack of independent board members, which raises questions about the oversight and decision-making process within the organization. Furthermore, the absence of publicly available documents, such as the tax form on their website, could hinder transparency and public trust. Addressing these governance issues would greatly enhance the organization's standing and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Auburn Community Companies Inc legitimate?
Auburn Community Companies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Auburn Community Companies 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: $0
For more financial information, click here
What is the mission statement of Auburn Community Companies Inc?
Auburn Community Companies Inc's primary mission is centered around acquiring and financing property, specifically for leasing to Auburn Community Hospital, a 501(c)(3) organization. The purpose of leasing this property is to operate a skilled nursing facility. Initially, Auburn Community Companies Inc. had an obligation tied to the financed property, which was paid off in 2016. Since then, the company's revenue mainly consists of rental income, matching the annual depreciation expense, and covering associated expenses.
Who is the CEO of Auburn Community Companies Inc?
Jason Lesch is the President of Auburn Community Companies Inc.
What is the revenue of Auburn Community Companies Inc?
Auburn Community Companies Inc's revenue in 2022 was $114,170.
Who are the executives of Auburn Community Companies Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $547,079
- Other: $26,968
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $124,983
- Other: $11,963
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Auburn Community Companies Inc?
Auburn Community Companies Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Auburn Community Companies Inc
Auburn Community Companies Inc, as a nonprofit entity, is committed to its primary mission. This mission involves acquiring and financing property, specifically for leasing to Auburn Community Hospital, a 501(c)(3) organization. The objective behind this lease is to establish and operate a skilled nursing facility. This mission has been successfully carried out, with the debt associated with the financed property being fully paid off in 2016.
In essence, Auburn Community Companies Inc serves as a financial backbone for Auburn Community Hospital's skilled nursing facility operations. By acquiring and financing property, the company enables the hospital to provide essential healthcare services to its patients. Once the debt is paid off, the revenue generated from the leased property becomes the annual depreciation expense and other associated expenses, ensuring the continuous operation and maintenance of the facility.
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Impact
October, 2024
Auburn Community Companies Inc plays a crucial role in supporting the healthcare infrastructure of Auburn, NY, specifically by facilitating the operational capacity of the skilled nursing facility managed by Auburn Community Hospital. By focusing on the acquisition and financing of property, this organization ensures that essential healthcare services are available to the community.
With the debt related to the financed property paid off in 2016, the company now generates rental income that equates to its depreciation expenses, allowing for a sustainable financial model. This arrangement not only reinforces the operational stability of the skilled nursing facility but also directly impacts the quality of care available to residents.
Through its mission, Auburn Community Companies Inc enhances access to necessary healthcare services, contributing to the overall health and well-being of the community it serves. Its strategic financial planning and dedication to the healthcare sector make it an integral part of Auburn's socioeconomic fabric, ensuring that vital nursing care remains accessible to those in need.
This information is meant to be a general summary of Auburn Community Companies 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.
- Program Service Revenue: $114,170
- Gross Receipts: $114,170
Assets and Liabilities:
- Total Assets: $1,642,650
- Total Liabilities: $0
- Net Assets: $1,642,650
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$114,170
Organization Details
Founding Year
1988
Phone
(315) 255-7245Principal Officer
Jason Lesch
Main Address
17 LANSING STREET, AUBURN, NY, 13021
NTEE Category
Code: E91 - Health
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