Overview
What is Greencroft Retirement Communities Inc?
Greencroft Retirement Communities Inc, located in Goshen, Indiana, is a nonprofit organization committed to supporting thirteen not-for-profit continuing care retirement communities and HUD facilities. Their mission is to provide management and support services, enabling these organizations to offer affordable housing, quality care, and charity care for older adults. The organization, with around 44 employees, prioritizes inclusivity, ensuring at least 30% of residents have income below the federal poverty line. In case of financial distress, eligible residents can seek support from the Greencroft Communities Foundation. Overall, Greencroft Retirement Communities Inc fosters dynamic living communities, embracing the creativity, contributions, and challenges of aging, grounded in service excellence, compassionate care, and Mennonite values. They allocate 9% of their total revenues to provide community benefits, including indigent/charity care.
Official website here: www.greencroft.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Greencroft Retirement Communities Inc has achieved an impressive 96% rating from Charity Navigator, signifying a high level of accountability and financial health. The rating reflects the organization's strong performance in various aspects of governance, with a perfect score in areas such as board independence and the presence of essential policies, highlighting their commitment to transparency and ethical management.
The nonprofit scores exceptionally well in financial management, with a program expense ratio of 77.48%, indicating that a significant portion of their funds are allocated directly to their programs rather than administrative costs. Furthermore, the organization has demonstrated a solid liabilities-to-assets ratio of 44.08%, suggesting a stable financial position that can support their ongoing operations and services.
There are no noted limitations in the available data, which reflects positively on Greencroft Retirement Communities Inc’s practices. Overall, the organization appears to be well-managed and dedicated to its mission, making it a reputable option for individuals seeking retirement community services.
This AI summary has been generated from information found on Charity Navigator.
Is Greencroft Retirement Communities Inc legitimate?
Greencroft Retirement Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greencroft Retirement Communities 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: $2,246,158
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,479,952
For more financial information, click here
Official website here: www.greencroft.org
What is the mission statement of Greencroft Retirement Communities Inc?
Greencroft Retirement Communities Inc's mission is centered around providing management and support services to related not-for-profit organizations. These organizations offer affordable housing, quality care, and charity care for older adults. The mission of Greencroft Communities is to create dynamic living communities that celebrate the creativity, contributions, and challenges of aging. This is achieved through service excellence, compassionate care, and adherence to Mennonite values. Greencroft Retirement Communities, Inc. sponsors thirteen not-for-profit continuing care retirement communities and HUD facilities, providing them with support and services. As a result, approximately 2,200 elderly residents, regardless of their economic status, can reside in an environment that acknowledges their creativity and contributes to overcoming the challenges of aging. At least 30% of the residents fall below the federal poverty line, and those who exhaust their assets can seek support from the Greencroft Communities Foundation, another related organization. The organization as a whole dedicates 9% of its total revenues towards providing community benefits, which encompasses indigent or charity care.
Official website here: www.greencroft.org
Who is the CEO of Greencroft Retirement Communities Inc?
Mark King is the President/Ceo of Greencroft Retirement Communities Inc. The CEO's salary of Greencroft Retirement Communities Inc is $413,244 and their total compensation is $480,871.
Official website here: www.greencroft.org
What is the revenue of Greencroft Retirement Communities Inc?
Greencroft Retirement Communities Inc's revenue in 2022 was $6,819,841.
Official website here: www.greencroft.org
Who are the executives of Greencroft Retirement Communities Inc and what are their salaries?
The average compensation at Greencroft Retirement Communities Inc during 2022 was $107,412. There are 44 employees and 17 volunteers at Greencroft Retirement Communities Inc.
Here are 22 key members and their salaries (Greencroft Retirement Communities Inc's CEO's salary is $413,244 and their total compensation is $480,871):
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- Compensation: $413,244
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- Other: $67,627
- Compensation: $278,827
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- Other: $89,881
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- Compensation: $175,828
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- Other: $62,388
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- Other: $35,879
- Compensation: $148,222
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- Other: $24,873
Official website here: www.greencroft.org
Where can I find the form 990 for Greencroft Retirement Communities Inc?
Greencroft Retirement Communities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greencroft.org
Learn more at the official website: www.greencroft.org
Mission Statement of Greencroft Retirement Communities Inc
Greencroft Retirement Communities Inc is dedicated to providing management and support services to related not-for-profit organizations that offer affordable housing, quality care, and charity care for older adults. The mission of this organization is grounded in service excellence, compassionate care, and Mennonite values. Greencroft Communities strives to create dynamic living communities that embrace the creativity, contributions, and challenges of aging for all its residents.
By sponsoring thirteen not-for-profit continuing care retirement communities (CCRC) and HUD facilities, Greencroft Retirement Communities Inc offers its support and services to over 2,200 elderly residents, regardless of their economic background. At least 30% of these residents have an income below the federal poverty line. The organization is committed to ensuring that its residents can continue to live in an environment that encourages their creativity and contributions, while also acknowledging the challenges of aging.
In the event that a resident's assets run out, they may be eligible for support from the Greencroft Communities Foundation, another related organization. Furthermore, Greencroft Retirement Communities Inc allocates 9% of its total revenues towards providing community benefits, including indigent/charity care. This demonstrates the organization's dedication to ensuring that affordable housing, quality care, and charity care remain accessible to older adults, regardless of their financial situation.
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Impact
October, 2024
Greencroft Retirement Communities Inc significantly impacts the lives of older adults by offering affordable housing and quality care. With a focus on creating vibrant living environments, Greencroft supports over 2,200 elderly residents, many of whom come from low-income backgrounds—approximately 30% live below the federal poverty line.
The organization fosters inclusivity, allowing residents to embrace their creativity and contributions, while also addressing the challenges of aging. Greencroft's commitment to compassionate care is evident in its support for residents who may face financial difficulties. For those whose assets are depleted, the Greencroft Communities Foundation provides assistance, ensuring continued access to necessary services.
In addition, Greencroft utilizes 9% of its total revenues for community benefits, including indigent and charity care, thus reinforcing its dedication to supporting vulnerable populations. Grounded in Mennonite values, Greencroft’s mission to create dynamic living communities is a testament to its holistic approach to elderly care and community support.
This information is meant to be a general summary of Greencroft Retirement Communities 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: $140,083
- Program Service Revenue: $6,460,286
- Gross Receipts: $7,484,174
Assets and Liabilities:
- Total Assets: $13,639,127
- Total Liabilities: $4,202,315
- Net Assets: $9,436,812
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MGMT/AFFILIATE SUPPORT
Revenue
$6,460,286
Organization Details
Founding Year
2002
Phone
(574) 537-4000Principal Officer
Mark King
Main Address
PO BOX 819, GOSHEN, IN, 46527
Website
www.greencroft.orgNTEE Category
Code: P75 - Human services
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