Overview
What is Masonic Home Independent Living Ii Inc?
Masonic Home Independent Living II Inc is a nonprofit organization dedicated to constructing, owning, and operating a senior living community named Miralea. Miralea, established in 2012, comprises 120 independent living apartments and 12 residential-style patio homes in Masonic Home, Kentucky (40041). It forms a continuing care retirement community (CCRC) with a life care product for seniors, in affiliation with Masonic Homes of Kentucky. Miralea and its expansion, Meadow (opened in 2018), offer a tiered approach to aging by accommodating residents' changing needs through independent living, assisted living, and skilled nursing care. This organization aims to provide quality housing and personal care services, improving and enhancing the residents' lives and making a positive difference in their nurture. With a workforce of 153 employees, Miralea/Meadow enables seniors to live an active lifestyle in one location for the duration of their remaining life, with much of their future care already predetermined by the residents and the life care agreements.
Official website here: www.masonichomesky.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Masonic Home Independent Living II Inc has earned an 81% overall score on Charity Navigator, indicating a solid performance in Accountability & Finance. This score reflects a strong commitment to transparency and responsible financial management, which is crucial for building donor trust and ensuring the effective use of funds.
The organization boasts a fully independent board, with all eight members meeting the criteria for independence. Furthermore, it has demonstrated effective oversight through its Audit and Oversight Committee, as well as comprehensive policies in place for conflict of interest, whistleblower protection, and document retention. With a program expense ratio of 83.54%, a significant majority of funds are allocated directly to its programs, showcasing its focus on mission delivery.
While the overall rating is positive, the assessment is based solely on financial accountability metrics. Potential donors may wish to consider additional factors such as program impact and community feedback to gain a more holistic view of the organization's effectiveness and reach.
This AI summary has been generated from information found on Charity Navigator.
Is Masonic Home Independent Living Ii Inc legitimate?
Masonic Home Independent Living Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masonic Home Independent Living Ii 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
For more financial information, click here
Official website here: www.masonichomesky.com
What is the mission statement of Masonic Home Independent Living Ii Inc?
Masonic Home Independent Living II Inc is dedicated to enhancing the lives of its residents by providing quality housing and personal care services. The organization strives to make a difference in the lives of those it serves, improving and enhancing their quality of life through nurturing care. Miralea, the senior living community operated by the organization, consists of 120 independent living apartments and 12 residential-style patio homes. With its affiliation with Masonic Homes of Kentucky, Miralea forms a continuing care retirement community (CCRC), offering a tiered approach to aging. Residents can opt for independent living, assisted living, and skilled nursing care as their needs change, allowing them to live an active lifestyle in one location for the duration of their remaining life. The future care needs of the residents are predetermined through life care agreements with Miralea/Meadow.
Official website here: www.masonichomesky.com
Who is the CEO of Masonic Home Independent Living Ii Inc?
Todd Lacy is the President of Masonic Home Independent Living Ii Inc. The CEO's salary of Masonic Home Independent Living Ii Inc is $0 and their total compensation is $452,429.
Official website here: www.masonichomesky.com
What is the revenue of Masonic Home Independent Living Ii Inc?
Masonic Home Independent Living Ii Inc's revenue in 2022 was $16,854,362.
Official website here: www.masonichomesky.com
Who are the executives of Masonic Home Independent Living Ii Inc and what are their salaries?
There are 153 employees and 7 volunteers at Masonic Home Independent Living Ii Inc.
Here are 12 key members and their salaries (Masonic Home Independent Living Ii Inc's CEO's salary is $0 and their total compensation is $452,429):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $440,666
- Other: $30,215
- Compensation: $0
- Related: $440,666
- Other: $11,763
- Compensation: $0
- Related: $164,842
- Other: $9,216
- Compensation: $0
- Related: $118,652
- Other: $15,618
- Compensation: $0
- Related: $126,442
- Other: $20,334
Official website here: www.masonichomesky.com
Where can I find the form 990 for Masonic Home Independent Living Ii Inc?
Masonic Home Independent Living Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.masonichomesky.com
Learn more at the official website: www.masonichomesky.com
Mission Statement of Masonic Home Independent Living Ii Inc
Masonic Home Independent Living II Inc is a dedicated organization committed to enhancing the lives of its residents by providing them with quality housing and personal care services. This mission is carried out through the operation of a senior living community known as Miralea. Miralea is home to 120 independent living apartments and 12 residential-style patio homes, which opened in November 2012. With its affiliation with Masonic Homes of Kentucky, Miralea forms a Continuing Care Retirement Community (CCRC) and offers a tiered approach to the aging process.
The organization's purpose is to construct, own, and operate Miralea, which caters to seniors' changing needs as they age. Through independent living, assisted living, and skilled nursing care, Miralea enables seniors to live an active lifestyle in one location for the duration of their remaining life. The future care needs of residents are largely predetermined by their Life Care Agreements with Miralea/Meadow. Miralea's services are designed to make a difference in the lives of its residents, improving and enhancing their quality of life. This commitment extends to the opening of Meadow in July 2018, which added 122 additional units to the organization's offerings.
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Impact
October, 2024
Masonic Home Independent Living II Inc significantly enhances the lives of seniors by offering quality housing and personal care services tailored to their needs. The organization has established a thriving senior living community known as Miralea, which comprises 120 independent living apartments and 12 residential-style patio homes. Launched in November 2012, Miralea is part of a Continuing Care Retirement Community (CCRC) that allows residents to seamlessly transition through different levels of care as their needs change over time.
This focused approach provides seniors with an active lifestyle, where they can enjoy a vibrant community while having future care options predetermined through life care agreements. Additionally, the opening of Meadow in July 2018 expanded the community's offerings with another 122 units, further supporting residents with a tiered approach to aging that encompasses independent living, assisted living, and skilled nursing care.
The impact of Masonic Home Independent Living II Inc goes beyond just providing housing; it nurtures the well-being of residents, ensuring that they can age in place with dignity and receive personalized care in a supportive environment. This holistic model truly makes a difference in the quality of life for seniors and their families.
This information is meant to be a general summary of Masonic Home Independent Living Ii 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: $1,270,064
- Program Service Revenue: $15,633,691
- Gross Receipts: $19,230,140
Assets and Liabilities:
- Total Assets: $136,278,897
- Total Liabilities: $180,694,315
- Net Assets: -$44,415,418
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$15,633,691
Organization Details
Founding Year
2010
Phone
(502) 897-4907Principal Officer
Todd Lacy
Main Address
330 MASONIC HOME DRIVE, MASONIC HOME, KY, 40041
Website
www.masonichomesky.comNTEE Category
Code: L22 - Housing
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