Overview
What is Sacred Heart At Monastery Lake Inc?
Sacred Heart At Monastery Lake Inc is a nonprofit organization located in Franklin, Wisconsin, specifically at 7330 and 7350 South Lovers Lane Road. Primarily, it serves as a residential facility for retired and current members of the Priests of the Sacred Heart, a Roman Catholic religious order. Additionally, the organization offers senior residential units for members of the community, some of which are subsidized. Their mission is to provide housing for individuals belonging to these groups, contributing to their well-being and community living.
Official website here: www.poshusa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Sacred Heart At Monastery Lake Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement. With an overall score of 69%, the organization shows strong commitment in several areas, including having a fully independent board and a high program expense ratio, which suggests that a large portion of their funding goes directly towards their programs. However, critical deficiencies in accountability and transparency, particularly the absence of key policies related to conflict of interest and whistleblower protections, have negatively impacted their score.
While the organization demonstrates financial health with a low liabilities to assets ratio, it struggled to meet expectations concerning financial reporting. Specifically, the lack of available financial statements and the failure to post important tax documents on its website are notable shortcomings. These issues not only hinder transparency but may also affect donor confidence in the organization's financial practices.
Overall, while Sacred Heart At Monastery Lake Inc is commendable in its operational focus and independent governance, addressing the noted gaps in policy and financial reporting will be crucial for enhancing its accountability and improving its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Sacred Heart At Monastery Lake Inc legitimate?
Sacred Heart At Monastery Lake Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sacred Heart At Monastery Lake 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
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Official website here: www.poshusa.org
What is the mission statement of Sacred Heart At Monastery Lake Inc?
Sacred Heart At Monastery Lake Inc serves as a residential facility, catering to two distinct groups. Primarily, it offers housing for retired and current members of the Priests of the Sacred Heart, a Roman Catholic religious order. Additionally, the institution provides subsidized senior housing for members of the community who are 55 years and above. The organization's mission is centered around providing a living space for these individuals, ensuring they have a supportive and comfortable environment to reside in.
Official website here: www.poshusa.org
Who is the CEO of Sacred Heart At Monastery Lake Inc?
Fr Vien Nguyen is the President of Sacred Heart At Monastery Lake Inc.
Official website here: www.poshusa.org
What is the revenue of Sacred Heart At Monastery Lake Inc?
Sacred Heart At Monastery Lake Inc's revenue in 2022 was $2,253,693.
Official website here: www.poshusa.org
Who are the executives of Sacred Heart At Monastery Lake Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.poshusa.org
Where can I find the form 990 for Sacred Heart At Monastery Lake Inc?
Sacred Heart At Monastery Lake Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.poshusa.org
Learn more at the official website: www.poshusa.org
Mission Statement of Sacred Heart At Monastery Lake Inc
Sacred Heart At Monastery Lake Inc is dedicated to providing housing solutions for two distinct groups. Firstly, it accommodates current and retired members of the Priests of the Sacred Heart, a Roman Catholic religious order. Secondly, it offers subsidized housing for senior citizens (age 55+) within the community. This nonprofit organization's mission is to create a welcoming environment where these individuals can live comfortably and securely, fostering a sense of community among its residents.
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Impact
October, 2024
Sacred Heart At Monastery Lake Inc plays a vital role in providing stable housing for both current and retired members of the Priests of the Sacred Heart religious order, as well as offering subsidized housing options for senior community members aged 55 and older. By creating a supportive living environment, it fosters a sense of community, belonging, and security for its residents. The organization meets the specific needs of those who have dedicated their lives to service while also addressing the housing requirements of local seniors, promoting their well-being and integration within the Franklin, WI community. In doing so, it enriches the lives of its residents by offering a nurturing space where they can thrive in their later years.
This information is meant to be a general summary of Sacred Heart At Monastery Lake 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: $805
- Program Service Revenue: $2,252,888
- Gross Receipts: $2,253,693
Assets and Liabilities:
- Total Assets: $11,323,959
- Total Liabilities: $2,905,877
- Net Assets: $8,418,082
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS - 7330 S LOVERS LN
Revenue
$2,234,917
OTHER INCOME
Revenue
$17,971
Organization Details
Founding Year
2009
Principal Officer
Fr Vien Nguyen
Main Address
7330 AND 7350 SOUTH LOVERS LANE RD, FRANKLIN, WI, 53132
Website
www.poshusa.orgNTEE Category
Code: X22 - Religion related
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