Overview
What is Methodist Retirement Center Of Central Ohio?
The Methodist Retirement Center of Central Ohio is a notable nonprofit organization based in Columbus, Ohio. With a workforce of 327 dedicated individuals, they assume management and oversight of six affiliated organizations in the Central Ohio region. Their primary mission revolves around providing supporting services to these related organizations.
Official website here: www.thewesleycommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
Methodist Retirement Center Of Central Ohio has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The rating emphasizes the organization’s excellent management practices, including full compliance with independent board member requirements and the absence of material asset diversion. The fiscal year ending in 2022 shows a robust accountability and finance score of 93%.
Strengths of the organization include a fully independent board and comprehensive policies related to conflict of interest, whistleblower protections, and document retention. This clear focus on governance indicates a dedicated approach to maintaining transparency and trust with donors and stakeholders. Additionally, the high program expense ratio signifies that a significant portion of funds is directed towards the organization's mission and services.
Despite its strengths, the organization has a liabilities-to-assets ratio of 53.80%, which could suggest an area for potential improvement in financial leverage. However, this is balanced by their strong program expense ratio of 75.66%, highlighting effective utilization of resources. Overall, Methodist Retirement Center Of Central Ohio displays a solid operational framework that supports its mission in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Methodist Retirement Center Of Central Ohio legitimate?
Methodist Retirement Center Of Central Ohio is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Retirement Center Of Central Ohio 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: $784,394
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,367,114
For more financial information, click here
Official website here: www.thewesleycommunities.org
What is the mission statement of Methodist Retirement Center Of Central Ohio?
The Methodist Retirement Center of Central Ohio focuses on providing supporting services to related organizations. This mission is carried out by overseeing the operations of six establishments in central Ohio. The Center plays a crucial role in managing these entities, ensuring their smooth functioning. However, for an explanation regarding the decrease in program service expenses and revenue, please refer to the disclosure statement.
Official website here: www.thewesleycommunities.org
Who is the CEO of Methodist Retirement Center Of Central Ohio?
Scott Mcquinn is the Ceo/President of Methodist Retirement Center Of Central Ohio. The CEO's salary of Methodist Retirement Center Of Central Ohio is $257,612 and their total compensation is $306,751.
Official website here: www.thewesleycommunities.org
What is the revenue of Methodist Retirement Center Of Central Ohio?
Methodist Retirement Center Of Central Ohio's revenue in 2022 was $13,710,062.
Official website here: www.thewesleycommunities.org
Who are the executives of Methodist Retirement Center Of Central Ohio and what are their salaries?
The average compensation at Methodist Retirement Center Of Central Ohio during 2022 was $12,696. There are 327 employees and 212 volunteers at Methodist Retirement Center Of Central Ohio.
Here are 35 key members and their salaries (Methodist Retirement Center Of Central Ohio's CEO's salary is $257,612 and their total compensation is $306,751):
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- Compensation: $257,612
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- Other: $27,071
Official website here: www.thewesleycommunities.org
Where can I find the form 990 for Methodist Retirement Center Of Central Ohio?
Methodist Retirement Center Of Central Ohio's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thewesleycommunities.org
Learn more at the official website: www.thewesleycommunities.org
Mission Statement of Methodist Retirement Center Of Central Ohio
Methodist Retirement Center of Central Ohio is a dedicated organization that focuses on providing essential supporting services to related institutions. In essence, this nonprofit plays a crucial role in overseeing and managing the operations of six affiliated organizations within Central Ohio.
By offering supporting services, Methodist Retirement Center of Central Ohio enables these related organizations to thrive and achieve their individual missions more effectively. The nonprofit's commitment to collaboration and assistance allows for a more cohesive and efficient approach to serving their collective communities.
Although the disclosure in the schema does not provide specific information about the nature of these six organizations or the types of services provided, it is clear that Methodist Retirement Center of Central Ohio plays a vital role in their success. By managing and overseeing their operations, the nonprofit ensures that these institutions can continue to make a positive impact on the lives of those they serve.
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Impact
October, 2024
Methodist Retirement Center Of Central Ohio plays a crucial role in enhancing the quality of life for older adults in the region. By managing and overseeing six operations throughout Central Ohio, it ensures that vital support services are available to related organizations, thereby strengthening the network of care for those in need. This initiative not only improves individual well-being but also fosters a community-centric approach to elderly care. Through its efforts, the Center contributes to the overall human services landscape, promoting dignity, support, and enhanced living conditions for seniors.
This information is meant to be a general summary of Methodist Retirement Center Of Central Ohio. 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: $808,325
- Program Service Revenue: $12,559,509
- Gross Receipts: $13,725,754
Assets and Liabilities:
- Total Assets: $130,656,399
- Total Liabilities: $70,302,595
- Net Assets: $60,353,804
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$10,416,818
MANAGEMENT FEES
Revenue
$1,320,199
FEE AMORTIZATION
Revenue
$822,492
Organization Details
Founding Year
1965
Phone
(614) 888-7492Principal Officer
Scott Mcquinn
Main Address
5155 NORTH HIGH STREET, COLUMBUS, OH, 43214
Website
www.thewesleycommunities.orgNTEE Category
Code: P190 - Human services
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