Overview
What is Keokuk Village Circle Ltd Nfp?
Keokuk Village Circle Ltd Nfp is a nonprofit organization situated in Galesburg, Illinois. Its primary mission is to acquire, hold title to, and manage real and qualified personal property. The income generated from these properties is then remitted to Community Living Options, Inc., a 501(c)(3) organization. Keokuk Village Circle Ltd Nfp operates a long-term care campus, consisting of an 84-bed skilled nursing facility, a 34-bed assisted living facility, and a 19-bed independent living facility, providing various housing options for individuals in need.
Is Keokuk Village Circle Ltd Nfp legitimate?
Keokuk Village Circle Ltd Nfp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Keokuk Village Circle Ltd 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: $0
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What is the mission statement of Keokuk Village Circle Ltd Nfp?
Keokuk Village Circle Ltd Nfp's mission, as outlined in its articles of incorporation, is primarily focused on acquiring and holding property titles, collecting income from these properties, and then remitting the entire income (after deducting expenses) to a non-profit organization classified under section 501(C)(3) of the Internal Revenue Code. The organization's primary goal is to support this designated 501(C)(3) organization financially, utilizing income derived from its property holdings.
Who is the CEO of Keokuk Village Circle Ltd Nfp?
John Crock is the President of Keokuk Village Circle Ltd Nfp.
What is the revenue of Keokuk Village Circle Ltd Nfp?
Keokuk Village Circle Ltd Nfp's revenue in 2022 was $594,146.
Who are the executives of Keokuk Village Circle Ltd Nfp and what are their salaries?
There 5 volunteers at Keokuk Village Circle Ltd Nfp.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Keokuk Village Circle Ltd Nfp?
Keokuk Village Circle Ltd Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Keokuk Village Circle Ltd Nfp
Keokuk Village Circle Ltd Nfp, as outlined in its articles of incorporation, is established with a singular, explicit purpose. This purpose is to acquire and hold title to real property and qualified personal property. The organization's primary objective is to collect income generated from these properties. This income, after accounting for expenses, is then remitted in its entirety to another nonprofit organization, as per section 501(c)(3) of the Internal Revenue Code. In essence, Keokuk Village Circle Ltd Nfp serves as a financial intermediary, channeling income from its property holdings to support the mission of another eligible nonprofit organization.
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Impact
October, 2024
Keokuk Village Circle Ltd Nfp significantly contributes to the community through its ownership and management of a comprehensive long-term care campus in Galesburg, Illinois. This campus encompasses an 84-bed skilled nursing facility, a 34-bed assisted living facility, and a 19-bed independent living facility, thereby ensuring a continuum of care for residents at various stages of need.
By overseeing property assets and collecting income from them, the organization channels essential resources to Community Living Options, Inc., enhancing support for individuals requiring specialized care. This financial structure not only promotes sustainability for the facilities but also fosters community well-being by maintaining accessible and high-quality living options for seniors and those needing assistance.
Through these efforts, Keokuk Village Circle Ltd Nfp plays a vital role in community improvement, focusing on enhancing the lives of residents and their families, ensuring that quality care remains available in the region.
This information is meant to be a general summary of Keokuk Village Circle Ltd 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 2022.
- Program Service Revenue: $594,146
- Gross Receipts: $594,146
Assets and Liabilities:
- Total Assets: $5,887,787
- Total Liabilities: $4,853,172
- Net Assets: $1,034,615
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY RENT INCOME
Revenue
$594,146
Organization Details
Founding Year
2008
Phone
(309) 343-1550Principal Officer
John Crock
Main Address
285 S FARNHAM ST, GALESBURG, IL, 61401
NTEE Category
Code: S47 - Community improvement
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