Overview
What is Greencroft Middlebury Inc?
Greencroft Middlebury Inc, located in Goshen, Indiana, is a nonprofit community benefit corporation that offers independent living services to over 50 residents on a 23-acre campus. The organization provides assisted living and healthcare nursing services in collaboration with Greencroft Goshen through a contract. Additionally, it offers supporting services to residents and senior community members through the Greencroft Middlebury Senior Center located on campus. During the fiscal year ended June 30, 2022, approximately 11% of total revenues were allocated to provide community benefits in the form of reduced or free senior center services, amounting to $98,000. The mission of Greencroft Middlebury is to establish a vibrant living community that acknowledges the creativity, contributions, and challenges of aging, grounded in service excellence, compassionate care, and Mennonite values.
Official website here: www.greencroft.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating.
Greencroft Middlebury Inc has received a commendable rating of 85% from Charity Navigator, indicating solid performance in accountability and finance. The organization has achieved a full score in key areas such as having a majority independent board and robust financial oversight measures. This level of transparency and governance is crucial for building trust with donors and the communities they serve.
The nonprofit's financial management is notably strong, with a program expense ratio of 75.90%, which suggests that a significant portion of its budget is directed towards mission-related activities. Additionally, there are no reported issues regarding material diversion of assets, further underscoring its commitment to ethical financial practices. The presence of policies for conflict of interest and whistleblower protections enhances its governance framework.
However, there is a notable area for improvement reflected in the liabilities to assets ratio of 65.02%, which may raise some concerns about financial stability. While the overall financial practices appear sound, addressing this ratio could enhance the organization’s long-term sustainability. Overall, Greencroft Middlebury Inc demonstrates a strong commitment to accountability and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Greencroft Middlebury Inc legitimate?
Greencroft Middlebury Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greencroft Middlebury 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: $69,969
For more financial information, click here
Official website here: www.greencroft.org
What is the mission statement of Greencroft Middlebury Inc?
Greencroft Middlebury Inc, as a non-profit community benefit corporation, aims to create a dynamic living community that embraces the creativity, contributions, and challenges of aging for all. This is achieved through service excellence, compassionate care, and Mennonite values. The organization provides independent living services to over 50 residents on a 23-acre campus, with assisted living and healthcare nursing services available through a contract with Greencroft Goshen. Greencroft Middlebury also offers supporting services for residents and other senior community members through the Greencroft Middlebury Senior Center on campus. During the fiscal year ending June 30, 2022, over 11% of total revenues were used to provide community benefits in the form of reduced or free senior center services. Furthermore, eligible residents who do not misuse their assets may be supported by Greencroft Middlebury if their assets deplete.
Official website here: www.greencroft.org
Who is the CEO of Greencroft Middlebury Inc?
Tim Deluca is the President of Greencroft Middlebury Inc.
Official website here: www.greencroft.org
What is the revenue of Greencroft Middlebury Inc?
Greencroft Middlebury Inc's revenue in 2022 was $1,376,397.
Official website here: www.greencroft.org
Who are the executives of Greencroft Middlebury Inc and what are their salaries?
There 47 volunteers at Greencroft Middlebury Inc.
Here are 14 key members and their salaries:
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- Related: $139,986
- Other: $52,222
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- Related: $127,272
- Other: $53,455
Official website here: www.greencroft.org
Where can I find the form 990 for Greencroft Middlebury Inc?
Greencroft Middlebury 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 Middlebury Inc
Greencroft Middlebury, a non-profit community benefit corporation, is dedicated to creating a vibrant living community that embraces the creativity, contributions, and challenges of aging. Rooted in service excellence, compassionate care, and Mennonite values, this organization strives to foster an environment that caters to the needs of its elderly residents. Greencroft Middlebury offers independent living services to over 50 residents on a 23-acre campus, providing them with a sense of community and support. The organization goes beyond residential care by offering supporting services through the Greencroft Middlebury Senior Center on campus. Approximately 11% of its total revenues are utilized to provide community benefits in the form of reduced or free senior center services. Furthermore, residents who do not misuse their assets may be eligible for additional support from Greencroft Middlebury if their assets run out, demonstrating the organization's commitment to the well-being of its residents.
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Impact
October, 2024
Greencroft Middlebury Inc significantly impacts the lives of its residents and the broader Middlebury community by providing active and affordable retirement living with supportive services. Situated on a 23-acre campus, it serves more than 50 residents, offering independent and assisted living options along with healthcare services through a partnership with Greencroft Goshen.
In the fiscal year ending June 30, 2022, Greencroft Middlebury provided community benefits valued at $98,000, primarily through reduced or free services at the Greencroft Middlebury Senior Center. Over 11% of its total revenues were dedicated to offering these vital community services, ensuring that seniors in the area have access to resources that support their wellbeing.
Additionally, Greencroft Middlebury embodies a commitment to inclusivity and compassion. It provides financial assistance to residents who may face economic hardships, allowing those who do not mismanage their assets to receive support if their resources diminish. This approach not only enhances the quality of life for residents but also fosters a sense of community that values the contributions and experiences of seniors.
Grounded in service excellence and Mennonite values, Greencroft Middlebury is dedicated to creating a dynamic living community that positively impacts the aging experience, promoting creativity, connection, and care for all its members.
This information is meant to be a general summary of Greencroft Middlebury 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: $966
- Program Service Revenue: $836,310
- Gross Receipts: $1,381,837
Assets and Liabilities:
- Total Assets: $8,937,032
- Total Liabilities: $7,205,393
- Net Assets: $1,731,639
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RESIDENT SERVICES
Revenue
$836,310
Organization Details
Founding Year
1999
Phone
(574) 537-4000Principal Officer
Tim Deluca
Main Address
PO BOX 819, GOSHEN, IN, 46527
Website
www.greencroft.orgNTEE Category
Code: L22 - Housing
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