Overview
What is The Homestead At Rochester Inc?
The Homestead at Rochester Inc, formed in 2003, is a nonprofit organization dedicated to catering to the housing, assisted living, and medical care needs of the elderly and handicapped population. Their mission is to create a nurturing environment where individuals can receive comprehensive services addressing their physical, emotional, and spiritual needs. These services are designed to promote a homely atmosphere, ensuring the well-being of residents.
Official website here: www.voaseniorliving.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
The Homestead At Rochester Inc has achieved a solid rating of 81%, reflecting its strong commitment to accountability and financial transparency. With a high percentage of independent board members and a robust governance structure, the organization demonstrates effective oversight and ethical management practices. The absence of material diversion of assets and the presence of comprehensive policies further enhance its credibility.
The charity excels in allocating resources to its programs, with an impressive program expense ratio of 95.59%. This indicates that the vast majority of its funds are directed toward fulfilling its mission rather than administrative costs. The organization also maintains transparency through the listing of essential documents and policies on its website, ensuring stakeholders have access to pertinent information.
However, while the overall rating is favorable, there may be areas for improvement that are not highlighted in the available data. Continuous efforts to maintain high standards of governance and program efficiency will be crucial for The Homestead At Rochester Inc as it seeks to enhance its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Homestead At Rochester Inc legitimate?
The Homestead At Rochester Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Homestead At Rochester 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: $5,488,181
For more financial information, click here
Official website here: www.voaseniorliving.org
What is the mission statement of The Homestead At Rochester Inc?
The Homestead at Rochester Inc was established in 2003 with a mission to cater to the needs of elderly and handicapped individuals. The organization provides specialized housing, assisted living, and medical care in a warm and inviting atmosphere. The primary goal is to attend to the physical, emotional, and spiritual requirements of the residents. The Homestead at Rochester Inc offers a range of services designed to enhance the quality of life for those in need. These services go beyond the basic necessities, striving to create a comfortable and nurturing environment for all. The organization's commitment to providing compassionate care is a cornerstone of its mission.
Official website here: www.voaseniorliving.org
Who is the CEO of The Homestead At Rochester Inc?
Joseph Budzynski is the Principal Officer of The Homestead At Rochester Inc.
Official website here: www.voaseniorliving.org
What is the revenue of The Homestead At Rochester Inc?
The Homestead At Rochester Inc's revenue in 2022 was $23,245,909.
Official website here: www.voaseniorliving.org
Who are the executives of The Homestead At Rochester Inc and what are their salaries?
The average compensation at The Homestead At Rochester Inc during 2022 was $29,666. There are 185 employees and 292 volunteers at The Homestead At Rochester Inc.
Here are 25 key members and their salaries:
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- Other: $169,940
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- Related: $343,392
- Other: $153,623
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- Other: $76,526
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- Other: $53,419
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- Related: $165,367
- Other: $90,542
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- Related: $231,709
- Other: $36,843
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- Related: $127,589
- Other: $18,886
- Compensation: $0
- Related: $95,923
- Other: $9,724
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- Related: $254,178
- Other: $54,160
- Compensation: $0
- Related: $250,041
- Other: $43,002
- Compensation: $104,645
- Related: $0
- Other: $9,781
Official website here: www.voaseniorliving.org
Where can I find the form 990 for The Homestead At Rochester Inc?
The Homestead At Rochester Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.voaseniorliving.org
Learn more at the official website: www.voaseniorliving.org
Mission Statement of The Homestead At Rochester Inc
The Homestead at Rochester Inc, a nonprofit organization established in 2003, is dedicated to creating a nurturing environment for elderly and handicapped individuals. This mission extends beyond just housing, as the organization offers assisted living, medical care, and various services designed to address the unique physical, spiritual, and emotional needs of its residents. By providing these comprehensive services, The Homestead at Rochester, Inc. aims to create a welcoming atmosphere where its residents can thrive.
The organization's commitment to its residents goes beyond the basic necessities of life. The Homestead at Rochester, Inc. recognizes the importance of addressing the spiritual and emotional aspects of its residents' lives. By offering services in a home-like atmosphere, the organization ensures that its residents feel a sense of comfort and familiarity. This approach not only enhances their quality of life but also fosters an environment that encourages growth and healing.
The Homestead at Rochester, Inc. was founded on the belief that every elderly and handicapped person deserves to live with dignity and respect. The organization's team of dedicated professionals works tirelessly to ensure that its residents receive the care and support they need to lead fulfilling lives. From assisting with daily tasks to providing medical care and access to various services, The Homestead at Rochester, Inc. is committed to creating a community where its residents can feel safe, valued, and cared for.
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Impact
October, 2024
The Homestead At Rochester Inc significantly enhances the quality of life for elderly and handicapped individuals by providing essential housing and assisted living services tailored to their unique needs. In a welcoming, home-like environment, residents receive compassionate medical care and support, addressing their physical, spiritual, and emotional well-being. This comprehensive approach not only ensures safety and comfort but also fosters a sense of community and belonging, allowing individuals to thrive in their later years. Through its commitment to individualized care and support, The Homestead At Rochester Inc plays a vital role in enriching the lives of its residents and their families within Eden Prairie, MN.
This information is meant to be a general summary of The Homestead At Rochester 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: $6,536
- Program Service Revenue: $19,646,511
- Gross Receipts: $23,245,909
Assets and Liabilities:
- Total Assets: $82,124,512
- Total Liabilities: $81,521,514
- Net Assets: $602,998
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASST. LIVING/NURSING
Revenue
$19,646,511
Organization Details
Founding Year
2003
Phone
(952) 941-0305Principal Officer
Joseph Budzynski
Main Address
7485 OFFICE RIDGE CIRCLE, EDEN PRAIRIE, MN, 55344
Website
www.voaseniorliving.orgNTEE Category
Code: L20 - Housing
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