Overview
What is Finnish-American Rest Home Inc?
Finnish-American Rest Home Inc is a nonprofit organization situated in Lake Worth, Florida, with a focus on providing compassionate care for its elderly residents. The organization operates a 45-bed skilled nursing facility, providing living and medical services to both private residents and beneficiaries of state and federal programs. Additionally, it manages an assisted living facility capable of accommodating up to 120 private residents, offering living and medical assistance. The organization also operates a nurse registry, providing healthcare services to private residents within their homes. The mission of Finnish-American Rest Home Inc is to care for its elderly residents in a dignified and friendly manner, aiming to improve their quality of life and cater to their individual needs in a family-like environment.
Official website here: www.farh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Finnish-American Rest Home Inc has received an 81% score on Charity Navigator, which translates to a Three-Star rating. This rating is primarily based on their Accountability and Finance score, indicating a strong commitment to financial transparency and responsible management of resources. The organization showcases a solid governance structure, with a fully independent board of directors and no reported issues related to asset diversion.
The nonprofit excels in several key areas, such as its high program expense ratio of 81.28%, demonstrating that a significant portion of its funds is directed towards its programs and services. Additionally, the organization has established policies for conflict of interest, whistleblowing, and document retention, all of which contribute to its accountability framework. These factors highlight the organization's dedication to ethical governance and financial responsibility.
While the overall score is positive, it is important to note that the rating is derived from a singular focus on Accountability and Finance, which means other aspects of operational effectiveness and impact may not be fully reflected in the score. Nonetheless, Finnish-American Rest Home Inc appears to maintain commendable practices in managing its financial responsibilities, ensuring transparency and accountability to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Finnish-American Rest Home Inc legitimate?
Finnish-American Rest Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finnish-American Rest Home 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: $4,598,960
For more financial information, click here
Official website here: www.farh.org
What is the mission statement of Finnish-American Rest Home Inc?
Finnish-American Rest Home Inc's mission is centered around providing dignified and compassionate care for its elderly residents. The organization strives to create a family-like environment where the quality of life and individual needs of each resident are prioritized. In addition to operating a 45-bed skilled nursing home and an assisted living facility that can accommodate up to 120 private residents, Finnish-American Rest Home Inc also operates a nurse registry, providing healthcare services in the residents' own homes. The primary goal of this organization is to ensure the well-being of its elderly residents in a respectful and nurturing manner.
Official website here: www.farh.org
What is the revenue of Finnish-American Rest Home Inc?
Finnish-American Rest Home Inc's revenue in 2024 was $10,267,388.
Official website here: www.farh.org
Who are the executives of Finnish-American Rest Home Inc and what are their salaries?
The average compensation at Finnish-American Rest Home Inc during 2024 was $26,738. There are 172 employees and 3 volunteers at Finnish-American Rest Home Inc.
Here are 4 key members and their salaries:
- Compensation: $184,813
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.farh.org
Where can I find the form 990 for Finnish-American Rest Home Inc?
Finnish-American Rest Home Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.farh.org
Learn more at the official website: www.farh.org
Mission Statement of Finnish-American Rest Home Inc
Finnish-American Rest Home Inc is committed to providing elderly residents with dignified and compassionate care in a welcoming environment. Their mission is to enhance the quality of life for these individuals, addressing their unique needs with sensitivity and respect. The organization operates both a skilled nursing facility and an assisted living facility, catering to up to 165 private residents. The skilled nursing home offers living and medical services to both private residents and beneficiaries of state and federal programs. Meanwhile, the assisted living facility provides care for as many as 120 elderly individuals, offering both residential and medical services. Beyond these facilities, Finnish-American Rest Home Inc also operates a nurse registry, which offers healthcare services to private residents in their own homes. In all its endeavors, the organization prioritizes the well-being and dignity of its elderly residents.
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Impact
October, 2024
Finnish-American Rest Home Inc significantly impacts the elderly community by providing a warm, family-like environment where residents receive dignified care tailored to their individual needs. With a skilled nursing facility accommodating 45 beds, the organization ensures not only living arrangements but also essential medical services for both private residents and those benefiting from state and federal programs.
Moreover, its assisted living facility supports up to 120 residents, offering comprehensive living and healthcare services. The nurse registry expands its outreach even further, delivering healthcare services directly to individuals in their homes. This multi-faceted approach enhances the quality of life for residents, promoting their well-being and independence as they age. Through its commitment to compassionate care, Finnish-American Rest Home Inc plays a vital role in enriching the lives of the elderly in Lake Worth, Florida.
This information is meant to be a general summary of Finnish-American Rest Home 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 2024.
- Investment Income: $36,175
- Program Service Revenue: $9,586,583
- Gross Receipts: $10,267,388
Assets and Liabilities:
- Total Assets: $4,402,627
- Total Liabilities: $420,192
- Net Assets: $3,982,435
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Resident Service Re
Revenue
$9,538,068
Other Resident Services
Revenue
$48,515
Organization Details
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