Overview
What is Richfield Senior Housing Inc?
Richfield Senior Housing Inc, operating under the name Mainstreet Village Senior Housing, is a nonprofit organization dedicated to catering to the needs of senior citizens aged 55 and above. They provide a range of housing options, including assisted living services for those requiring additional care. Notably, Mainstreet Village Senior Housing offers free amenities to independent living tenants, such as air conditioning, to enhance their living experience. The organization's mission is primarily focused on caring for the elderly, ensuring a comfortable and supported living environment for its residents.
Official website here: www.avinityseniorliving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Richfield Senior Housing Inc, operating as Mainstreet Village Senior Housing, has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization's overall score is based entirely on its accountability metrics, where it achieved an impressive score of 81%. This rating indicates a strong commitment to maintaining financial integrity and transparency.
The organization demonstrates strong governance, with 83% of its board members being independent, and it scored full points in several key areas such as financial audits and conflict of interest policies. Additionally, it has a high program expense ratio of 88.81%, signifying that a significant portion of its funding goes directly to its programs and services rather than administrative costs. This level of efficiency is a positive indicator for potential donors and stakeholders.
While the organization has notable strengths, the Three-Star rating suggests there may be room for improvement in certain areas as indicated by its accountability metrics. Continued efforts to enhance transparency and governance practices can further strengthen its standing within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Richfield Senior Housing Inc legitimate?
Richfield Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richfield Senior Housing 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: $1,737,999
For more financial information, click here
Official website here: www.avinityseniorliving.org
What is the mission statement of Richfield Senior Housing Inc?
Richfield Senior Housing Inc, operating under the name Mainstreet Village Senior Housing, is committed to caring for the elderly. The organization provides housing and services catering to individuals aged 55 and above, offering different levels of care. For those who require additional assistance, Richfield Senior Housing, Inc. offers assisted living services. Furthermore, tenants living independently can benefit from complimentary amenities such as air conditioning. The mission of Mainstreet Village Senior Housing is to ensure the elderly have a comfortable living environment where they can receive the necessary care.
Official website here: www.avinityseniorliving.org
Who is the CEO of Richfield Senior Housing Inc?
Mark Meyer is the Executive Director & Coo of Richfield Senior Housing Inc.
Official website here: www.avinityseniorliving.org
What is the revenue of Richfield Senior Housing Inc?
Richfield Senior Housing Inc's revenue in 2022 was $4,454,353.
Official website here: www.avinityseniorliving.org
Who are the executives of Richfield Senior Housing Inc and what are their salaries?
The average compensation at Richfield Senior Housing Inc during 2022 was $27,156. There are 64 employees and 3 volunteers at Richfield Senior Housing Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $174,531
- Other: $19,088
- Compensation: $0
- Related: $144,807
- Other: $11,481
- Compensation: $115,403
- Related: $0
- Other: $10,804
- Compensation: $0
- Related: $29,246
- Other: $1,727
- 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.avinityseniorliving.org
Where can I find the form 990 for Richfield Senior Housing Inc?
Richfield Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.avinityseniorliving.org
Learn more at the official website: www.avinityseniorliving.org
Mission Statement of Richfield Senior Housing Inc
Richfield Senior Housing Inc, doing business as Mainstreet Village Senior Housing, is dedicated to caring for the elderly. Its mission is to provide housing and services to individuals aged 55 and above who may require varying levels of care. The organization offers assisted living services for those who need additional support, ensuring they receive the care they require while maintaining their independence. Furthermore, independent living tenants at Mainstreet Village Senior Housing can benefit from complimentary services, such as air conditioning, enhancing their living experience.
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Impact
October, 2024
Richfield Senior Housing Inc has a significant impact on the community by offering essential housing and care services tailored for individuals aged 55 and older. Through Mainstreet Village Senior Housing, it provides a range of living arrangements, including options for independent living and assisted living, ensuring that seniors receive the necessary support based on their individual needs.
The organization enhances the quality of life for its residents by not only providing a safe and comfortable environment but also offering various free services, such as air conditioning, which fosters a more pleasant living experience. By addressing the unique requirements of older adults, Richfield Senior Housing Inc plays a crucial role in promoting dignity, independence, and well-being among its tenants, making a positive difference in their lives and in the broader Richfield community.
This information is meant to be a general summary of Richfield Senior Housing 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: $18,037
- Program Service Revenue: $4,092,578
- Gross Receipts: $4,454,353
Assets and Liabilities:
- Total Assets: $14,462,156
- Total Liabilities: $18,484,778
- Net Assets: -$4,022,622
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT AND SERVICES
Revenue
$3,594,606
MEAL REVENUE
Revenue
$491,119
MISCELLANEOUS REVENUE
Revenue
$6,853
Organization Details
Founding Year
1998
Phone
(612) 861-2799Principal Officer
Mark Meyer
Main Address
7645 LYNDALE AVE SOUTH 110, RICHFIELD, MN, 55423
Website
www.avinityseniorliving.orgNTEE Category
Code: L22 - Housing
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