Mayslake Annex Iinfp

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 300289036 ✦ Oakbrook, IL ✦ Designated as a 501(c)(3)

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Overview

What is Mayslake Annex Iinfp?

Mayslake Annex Iinfp is a nonprofit organization situated at 1801 35th Street, Oakbrook, Illinois 60523. Its primary mission is to operate a residential rental facility catering to the needs of the low-income elderly population. With a dedicated workforce of 42 individuals, the organization provides a living space for this demographic, ensuring they have access to a secure and comfortable environment during their retirement years. The facility's operation aligns with the organization's commitment to supporting the elderly community in their Golden Years, providing them with an affordable living option.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 75%, Three-Star out of Four Star Rating

Mayslake Annex has earned a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The overall score is derived solely from its Accountability & Finance metrics, with the organization achieving a score of 75%. This indicates a reliable financial structure and governance practices in place.

Notable strengths of Mayslake Annex include a fully independent board, with all members meeting this criterion, and thorough oversight with no reported material diversion of assets. The organization also scores highly in financial transparency, with an impressive program expense ratio of 92.74%, demonstrating that a significant portion of its resources is directed towards its mission-related activities.

While Mayslake Annex showcases commendable governance and financial practices, the reliance on a single beacon for its overall score may limit the reflection of broader operational strengths. Nonetheless, the transparency and robust policies in place signal a well-managed nonprofit dedicated to its objectives.


This AI summary has been generated from information found on Charity Navigator.

Is Mayslake Annex Iinfp legitimate?

Mayslake Annex Iinfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mayslake Annex Iinfp 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: $183,501

For more financial information, click here

What is the mission statement of Mayslake Annex Iinfp?

Mayslake Annex Iinfp is dedicated to operating a residential rental retirement facility for low-income elderly individuals. This organization provides a living space for elderly individuals who are financially constrained, ensuring they can maintain an independent and dignified lifestyle in their golden years. The focus is on offering affordable housing, creating a supportive community environment, and ensuring the well-being of its residents.

Who is the CEO of Mayslake Annex Iinfp?

Bernadette Mayer is the Vice President of Mayslake Annex Iinfp. The CEO's salary of Mayslake Annex Iinfp is $0 and their total compensation is $165,034.

What is the revenue of Mayslake Annex Iinfp?

Mayslake Annex Iinfp's revenue in 2023 was $1,272,302.

Who are the executives of Mayslake Annex Iinfp and what are their salaries?

The average compensation at Mayslake Annex Iinfp during 2023 was $4,369. There are 42 employees and 20 volunteers at Mayslake Annex Iinfp.


Here are 14 key members and their salaries (Mayslake Annex Iinfp's CEO's salary is $0 and their total compensation is $165,034):


Joseph Saraceno (President & Ceo)
  • Compensation: $0
  • Related: $196,243
  • Other: $19,624
Michael Frigo (President & Ceo)
  • Compensation: $0
  • Related: $150,031
  • Other: $15,003
Elias Almazan (Dir Of Maintenance)
  • Compensation: $0
  • Related: $128,329
  • Other: $12,833
Patricia Lecompte (Accountant)
  • Compensation: $0
  • Related: $117,199
  • Other: $11,720
James Fiore (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bernadette Mayer (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Br Clarence Klingert Ofm (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Marzano Ofs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Maxwell (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Ryan Grasso (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Br Edward-Marc Arambasich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lex Buddig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fr Edward Tverdek Ofm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Hinsberger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Mayslake Annex Iinfp?

Mayslake Annex Iinfp's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Mayslake Annex Iinfp

Mayslake Annex Iinfp is dedicated to serving the low-income elderly population by operating a residential rental retirement facility. This nonprofit organization's mission is to provide a comfortable and supportive living environment for elderly individuals who may be financially constrained. By operating a residential rental facility, Mayslake Annex Iinfp aims to offer a sense of community and security to its residents, allowing them to enjoy their golden years with dignity and independence. The organization's mission is to make living arrangements more affordable for elderly individuals, ensuring they have access to essential amenities and care in a retirement setting.

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Impact




October, 2024

Mayslake Annex Iinfp plays a crucial role in addressing the housing needs of low-income elderly individuals in Oakbrook, IL. By providing a residential rental facility specifically designed for this demographic, it creates a supportive and affordable living environment that enhances the quality of life for its residents.

The impact of Mayslake Annex extends beyond mere accommodation; it fosters a sense of community among the elderly, promoting social interaction and support networks that are vital for mental and emotional well-being. Additionally, by focusing on low-income seniors, it helps alleviate the financial burdens often faced by this population, allowing them to live with dignity and security in their later years.

Ultimately, Mayslake Annex serves as a vital resource, contributing to the overall wellness of the community by ensuring that elderly individuals have access to safe, affordable housing and essential support services.




This information is meant to be a general summary of Mayslake Annex Iinfp. 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.

Revenue
$1,272,302 (2023)
Expenses
$881,881 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $1,272,302
  • Gross Receipts: $1,272,302

Assets and Liabilities:

  • Total Assets: $6,993,325
  • Total Liabilities: $9,010,882
  • Net Assets: -$2,017,557

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL

Revenue

$873,186

VARIOUS

Revenue

$399,116

Organization Details

Founding Year

2004

Principal Officer

Bernadette Mayer

Main Address

1801 35TH STREET, OAKBROOK, IL, 60523

NTEE Category

Code: B28 - Education

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