Overview
What is Baptist Homes Foundation?
Baptist Homes Foundation is a nonprofit organization situated in Pittsburgh, Pennsylvania. Its primary mission is to support Baptist Senior Services and affiliated not-for-profit entities through fundraising and development activities. The foundation manages funds received from the general public, which are utilized to subsidize the care of elderly patients and residents at their skilled nursing facilities and personal care homes, who cannot afford the full cost of their care. Additionally, the funds help cover operational expenses for activities provided to the residents and aid in supporting the capital needs of the organization. The foundation contributes capital, makes loans and grants, and provides financial assistance to further the mission of Baptist Senior Services, thereby promoting their interests. With a team of five employees, the foundation plays a pivotal role in enhancing the well-being of the elderly community.
Official website here: www.baptisthomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating. This high rating reflects the Baptist Homes Foundation's strong performance in accountability and finance, indicating that the organization effectively manages its funding and resources. With a focus solely on this beacon score, the foundation demonstrates excellent financial practices and transparency.
One of the organization's strengths is its fully independent board, composed of five members, which enhances its accountability. The foundation also scores exceptionally well on various financial metrics, including a low liabilities to assets ratio of 17.79% and a high program expense ratio of 70.92%. This suggests that the majority of their expenses go directly towards fulfilling their mission rather than administrative costs.
The Baptist Homes Foundation has implemented several policy measures, including a conflict of interest policy and a whistleblower policy, which further underscores its commitment to ethical governance. While the organization does not have any significant limitations noted in the data, maintaining high levels of accountability and transparency will be crucial for its continued success and trust from donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Baptist Homes Foundation legitimate?
Baptist Homes Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baptist Homes 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: $109,863
For more financial information, click here
Official website here: www.baptisthomes.org
What is the mission statement of Baptist Homes Foundation?
The Baptist Homes Foundation supports Baptist Senior Services and affiliated entities by providing financial assistance through grants, loans, and capital contributions. Its mission is to promote the interests of these organizations by aiding in their operational expenses, capital needs, and subsidizing the care of elderly patients who cannot afford the full cost. The foundation also manages funds received from the general public and uses them to support the organization's elderly patients and residents in skilled nursing facilities and personal care homes.
Official website here: www.baptisthomes.org
Who is the CEO of Baptist Homes Foundation?
Timothy L Myers is the President & Ceo (Started 1/3/2022) of Baptist Homes Foundation. The CEO's salary of Baptist Homes Foundation is $0 and their total compensation is $0.
Official website here: www.baptisthomes.org
What is the revenue of Baptist Homes Foundation?
Baptist Homes Foundation's revenue in 2022 was $1,411,278.
Official website here: www.baptisthomes.org
Who are the executives of Baptist Homes Foundation and what are their salaries?
The average compensation at Baptist Homes Foundation during 2022 was $21,973. There are 5 employees and 10 volunteers at Baptist Homes Foundation.
Here are 12 key members and their salaries (Baptist Homes Foundation's CEO's salary is $0 and their total compensation is $0):
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- Related: $291,545
- Other: $44,362
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- Related: $221,141
- Other: $39,349
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.baptisthomes.org
Where can I find the form 990 for Baptist Homes Foundation?
Baptist Homes Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.baptisthomes.org
Learn more at the official website: www.baptisthomes.org
Mission Statement of Baptist Homes Foundation
The Baptist Homes Foundation, a supporting entity, promotes the interests of Baptist Senior Services and affiliated organizations through various means. It contributes capital, makes loans and grants, and provides financial assistance to further the mission of Baptist Senior Services. The foundation also purchases and holds improved real estate, and utilizes funds received from the general public to subsidize the care of elderly patients and residents who cannot afford the full cost of their care in Baptist Senior Services' skilled nursing facilities and personal care homes. Furthermore, the foundation supports operational expenses for activities provided to the residents and assists in addressing the capital needs of the organization.
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Impact
October, 2024
Baptist Homes Foundation plays a crucial role in enhancing the quality of life for elderly patients and residents within its affiliated organizations. By providing vital financial support, the foundation enables Baptist Senior Services and its related entities to offer benevolent care to individuals who cannot afford the full cost of their services. This assistance directly impacts those residing in skilled nursing facilities and personal care homes.
One of the foundation's key contributions is funding operational expenses associated with various activities for residents, enriching their daily experiences and promoting holistic well-being. Additionally, the foundation addresses capital needs, ensuring that facilities are well-maintained and equipped to provide high-quality care. Through contributions of capital, loans, and grants, Baptist Homes Foundation fortifies the mission of Baptist Senior Services, ultimately fostering a supportive and nurturing environment for the elderly community in Pittsburgh, PA.
This information is meant to be a general summary of Baptist Homes 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: $269,495
- Gross Receipts: $1,741,243
Assets and Liabilities:
- Total Assets: $10,971,199
- Total Liabilities: $918,184
- Net Assets: $10,053,015
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Organization Details
Founding Year
1984
Phone
(412) 563-6550Principal Officer
Timothy L Myers
Main Address
489 CASTLE SHANNON BOULEVARD, PITTSBURGH, PA, 15234
Website
www.baptisthomes.orgNTEE Category
Code: P70 - Human services
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