Overview
What is Montecedro Inc?
Montecedro Inc, also known as Episcopal Communities & Services for Seniors, is a nonprofit organization based in Altadena, California. Established with a focus on serving the needs of older adults, Montecedro Inc operates a continuing care retirement community (CCRC) that offers both residential and assisted living arrangements. The organization provides residents with important arrangements for their healthcare and financial security, ensuring their overall well-being and peace of mind. Montecedro Inc, which opened in December 2015, operates as a California nonprofit corporation, dedicated to enhancing the lives of older adults by offering them specialized housing and support services. The organization currently employs 216 individuals.
Official website here: www.montecedro.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Montecedro Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. With an overall score of 81%, the charity demonstrates strong governance practices, as evidenced by its fully independent board and established policies for conflict of interest, whistleblowing, and document retention. The organization has shown no material diversion of assets, which enhances its reputation for transparency.
The charity allocates a high percentage of its expenses (85.22%) towards programs, suggesting a strong commitment to its mission and effective use of resources. This focus on program expenditure reflects positively on its operational efficiency and impact. The independent board members and robust auditing practices further reinforce the charity's accountability.
However, the data reveals that the salaries of key personnel are relatively high, with the President and CEO earning over $622,000. While competitive compensation can attract talent, it may raise questions about the overall financial distribution and priorities within the organization. Despite this, the charity maintains a substantial level of accountability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Montecedro Inc legitimate?
Montecedro Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montecedro 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: $310,141
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,403,510
For more financial information, click here
Official website here: www.montecedro.org
What is the mission statement of Montecedro Inc?
Montecedro Inc is dedicated to serving the needs and promoting the interests of older adults. They provide housing specially designed for this demographic, along with arrangements for their healthcare and financial security. Montecedro Inc's mission is consistent with its exempt purposes as a nonprofit corporation, and it aims to enhance the lives of older adults by addressing their unique requirements. The organization operates with a focus on their residents' well-being, providing them with a secure and supportive environment. Montecedro Inc's commitment extends beyond housing, as it strives to ensure the overall welfare and happiness of older adults.
Official website here: www.montecedro.org
Who is the CEO of Montecedro Inc?
James S Rothrock is the President & Ceo of Montecedro Inc. The CEO's salary of Montecedro Inc is $0 and their total compensation is $668,992.
Official website here: www.montecedro.org
What is the revenue of Montecedro Inc?
Montecedro Inc's revenue in 2022 was $21,405,449.
Official website here: www.montecedro.org
Who are the executives of Montecedro Inc and what are their salaries?
The average compensation at Montecedro Inc during 2022 was $31,082. There are 216 employees and 51 volunteers at Montecedro Inc.
Here are 25 key members and their salaries (Montecedro Inc's CEO's salary is $0 and their total compensation is $668,992):
- Compensation: $0
- Related: $623,954
- Other: $45,038
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $431,530
- Other: $32,780
- Compensation: $0
- Related: $367,848
- Other: $32,528
- Compensation: $0
- Related: $342,011
- Other: $26,920
- Compensation: $0
- Related: $304,055
- Other: $18,353
- Compensation: $0
- Related: $274,812
- Other: $23,476
- Compensation: $295,256
- Related: $0
- Other: $18,006
- Compensation: $141,891
- Related: $0
- Other: $11,954
- Compensation: $120,580
- Related: $0
- Other: $16,213
- Compensation: $119,161
- Related: $0
- Other: $15,901
- Compensation: $126,588
- Related: $0
- Other: $6,108
Official website here: www.montecedro.org
Where can I find the form 990 for Montecedro Inc?
Montecedro Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montecedro.org
Learn more at the official website: www.montecedro.org
Mission Statement of Montecedro Inc
Montecedro Inc, a renowned nonprofit organization, is dedicated to catering to the needs and interests of older adults. Established with a mission to operate housing specifically designed for this demographic, Montecedro ensures the well-being of its residents through arrangements for healthcare and financial security. The organization goes beyond the mere provision of housing, aiming to promote the overall well-being and happiness of older adults, all in line with its exempt purposes.
In essence, Montecedro Inc serves as a supportive community for older adults, providing them with a safe and comfortable living environment. It recognizes the unique needs of this age group and addresses them through the various services and arrangements it offers. Montecedro's commitment to its residents' well-being is unwavering, making it an invaluable resource for older adults in need.
The organization's operations extend beyond the realm of housing, as it strives to promote the interests and meet the needs of older adults. By ensuring the availability of healthcare and financial security, Montecedro Inc empowers its residents to live their golden years with peace of mind and dignity. In doing so, it not only meets their basic needs but also fosters a sense of community and belonging among its residents. Through its compassionate and dedicated approach, Montecedro Inc has become a beacon of hope and support for older adults, enabling them to thrive and enjoy their later years.
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Impact
October, 2024
Montecedro Inc significantly impacts the well-being of older adults by providing specially designed housing that caters to their unique needs. Situated in Altadena, California, Montecedro operates a Continuing Care Retirement Community (CCRC) that offers both residential and assisted living options. This community not only addresses the housing needs of older adults but also ensures they have access to essential health care and financial security.
By promoting a supportive environment, Montecedro enhances the quality of life for its residents. The arrangements facilitate a smooth transition between different levels of care, enabling older adults to receive the necessary support as their needs evolve. Montecedro's mission is centered on serving the interests of older adults, which fosters a sense of community and belonging among residents.
Since its opening in December 2015, Montecedro has played a crucial role in addressing the growing demand for appropriate housing solutions for older adults. Its focus on combining health care and living arrangements ensures that residents can age in place comfortably and with dignity, ultimately enriching the lives of those they serve and providing peace of mind to their families.
This information is meant to be a general summary of Montecedro 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.
- Investment Income: $2,121,168
- Program Service Revenue: $19,251,405
- Gross Receipts: $22,194,578
Assets and Liabilities:
- Total Assets: $184,409,205
- Total Liabilities: $180,006,250
- Net Assets: $4,402,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT CARE FEES
Revenue
$14,811,594
ANCILLARY SERVICES
Revenue
$2,768,857
AMORT OF ENTRANCE FEES
Revenue
$1,670,954
Organization Details
Founding Year
2009
Phone
(626) 403-5400Principal Officer
James S Rothrock
Main Address
2212 EL MOLINO AVE, ALTADENA, CA, 91001
Website
www.montecedro.orgNTEE Category
Code: L112 - Housing
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