Overview
What is Onamia Area Assisted Living?
Onamia Area Assisted Living, known as Lake Song Assisted Living, is a nonprofit organization situated in Onamia, Minnesota. Their primary mission is to offer suitable housing facilities and support services for the elderly residing in the area. By doing so, they aim to cater to the needs of elderly individuals, including the underprivileged elderly in the county. Their operations involve providing a nurturing environment and necessary assistance to ensure the well-being of the elderly community.
Official website here: www.lakesongassistedliving.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 66%)
Onamia Area Assisted Living has received a two-star rating from Charity Navigator, indicating that the organization has significant room for improvement in its financial and accountability practices. While it boasts a respectable program expense ratio of nearly 90%, which suggests that a large portion of its funds is directed towards its programs, other financial metrics raise concerns. Specifically, the organization's liabilities to assets ratio is notably high at 297.85%, reflecting potential financial instability.
The organization demonstrates several strengths in governance, such as having a fully independent board and well-documented policies for conflict of interest and whistleblowing. These factors contribute positively to its accountability score, which is also at 66%. However, the absence of financial statements and the failure to post required tax documents on its website are significant weaknesses that detract from its overall evaluation.
In summary, while Onamia Area Assisted Living shows commitment to program spending and adheres to important governance practices, its financial transparency and stability are areas that need immediate attention. The lack of accessible financial documentation suggests a need for improvement in operational transparency to build trust with stakeholders and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Onamia Area Assisted Living legitimate?
Onamia Area Assisted Living is a legitimate nonprofit organization registered as a 501(c)(3) entity. Onamia Area Assisted Living 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: $688,905
For more financial information, click here
Official website here: www.lakesongassistedliving.com
What is the mission statement of Onamia Area Assisted Living?
Onamia Area Assisted Living, also known as Lake Song, is dedicated to providing suitable housing facilities and support services for the elderly. Their mission is centered around addressing the needs of elderly individuals, particularly those who are financially struggling in their local community. The organization aims to offer housing and essential support services to enhance the quality of life for the elderly population.
Official website here: www.lakesongassistedliving.com
Who is the CEO of Onamia Area Assisted Living?
Kermit Holl is the Chairperson of Onamia Area Assisted Living.
Official website here: www.lakesongassistedliving.com
What is the revenue of Onamia Area Assisted Living?
Onamia Area Assisted Living's revenue in 2022 was $1,497,352.
Official website here: www.lakesongassistedliving.com
Who are the executives of Onamia Area Assisted Living and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lakesongassistedliving.com
Where can I find the form 990 for Onamia Area Assisted Living?
Onamia Area Assisted Living's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakesongassistedliving.com
Learn more at the official website: www.lakesongassistedliving.com
Mission Statement of Onamia Area Assisted Living
Onamia Area Assisted Living, also known as Lake Song, is dedicated to providing suitable housing facilities and support services for the elderly. The primary mission of this nonprofit organization is to cater to the needs of the elderly, with a special focus on those who are financially struggling in the county. The purpose of Onamia Area Assisted Living is to create a conducive living environment for the elderly, offering them the necessary assistance and care they require. By providing housing and support services, this organization aims to enhance the quality of life for the elderly, ensuring they live with dignity and comfort.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Onamia Area Assisted Living significantly impacts the community by providing essential housing and support services for elderly residents in the Onamia area. This facility ensures that seniors have access to suitable living arrangements tailored to their needs, offering both physical support and emotional well-being.
By focusing on the elderly population, particularly those who are economically disadvantaged, Onamia Area Assisted Living contributes to a higher quality of life, helping individuals maintain their independence while receiving necessary assistance. This care not only enhances the lives of the residents but also alleviates the burden on family members and caregivers, fostering a deeper sense of community around the importance of elder care.
Additionally, the presence of such a facility in Onamia aids in creating a supportive environment that emphasizes health and well-being. The services provided contribute to improved mental and physical health outcomes for seniors, allowing them to age in place with dignity and support. Overall, Onamia Area Assisted Living plays a crucial role in strengthening the social fabric of the community by promoting inclusivity and care for its more vulnerable members.
This information is meant to be a general summary of Onamia Area Assisted Living. 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: $19,051
- Program Service Revenue: $1,411,801
- Gross Receipts: $1,497,352
Assets and Liabilities:
- Total Assets: $1,277,444
- Total Liabilities: $3,285,224
- Net Assets: -$2,007,780
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,405,482
UTILITIES INCOME
Revenue
$6,319
Organization Details
Founding Year
2004
Phone
(320) 532-2002Principal Officer
Kermit Holl
Main Address
206 ELM STREET N, ONAMIA, MN, 56359
NTEE Category
Code: E99 - Health
If you are a representative of Onamia Area Assisted Living and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.