Overview
What is Monroe Joint Venture Inc?
Monroe Joint Venture Inc, doing business as St. Clare Friedensheim, is a nonprofit organization situated in New Glarus, Wisconsin. Their primary focus is to manage an assisted living apartment complex, aiming to cater to the diverse physical, emotional, recreational, and social needs of the elderly at varying levels of independence. By providing a supportive and engaging environment, they aim to enhance the quality of life for their elderly residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's overall performance in accountability and finance, indicating some areas for improvement despite having several strengths.
Monroe Joint Venture Inc has a fully independent board, which demonstrates strong governance practices. The organization has established essential policies, such as conflict of interest and whistleblower protection, which are crucial for transparency and ethical management. Furthermore, they have a high program expense ratio, indicating that a significant portion of their resources is directed towards their programs rather than administrative costs.
However, the organization faces challenges in financial transparency, as indicated by a low score in financial statements and a high liabilities to assets ratio. This suggests potential financial risks that could affect the organization's sustainability. Overall, while Monroe Joint Venture Inc showcases solid governance, it will need to address its financial reporting practices to enhance its overall rating and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Monroe Joint Venture Inc legitimate?
Monroe Joint Venture Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe Joint Venture 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: $65,027
Professional Fundraising Fees: $0
Other Salaries and Wages: $563,043
For more financial information, click here
What is the mission statement of Monroe Joint Venture Inc?
Monroe Joint Venture Inc's mission is centered around operating an assisted living facility that caters to the diverse needs of the elderly, encompassing their physical, emotional, recreational, and social requirements. The facility is designed to accommodate the varying levels of independence among the elderly residents. The primary goal is to provide a living space that fosters their well-being, ensuring they can live comfortably and maintain their autonomy to the best of their abilities. The operation of this 50-unit complex is driven by this commitment to supporting the elderly in their golden years.
Who is the CEO of Monroe Joint Venture Inc?
Matt Streiff is the President of Monroe Joint Venture Inc.
What is the revenue of Monroe Joint Venture Inc?
Monroe Joint Venture Inc's revenue in 2022 was $890,478.
Who are the executives of Monroe Joint Venture Inc and what are their salaries?
There 7 volunteers at Monroe Joint Venture Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $142,356
- Other: $35,131
- 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: $47,165
- Other: $14,115
- Compensation: $0
- Related: $78,856
- Other: $22,680
Where can I find the form 990 for Monroe Joint Venture Inc?
Monroe Joint Venture Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Monroe Joint Venture Inc
Monroe Joint Venture Inc is dedicated to operating an assisted living apartment facility that caters to the diverse physical, emotional, recreational, and social needs of the elderly, accommodating their varying levels of independence. This nonprofit organization's mission is to create an environment that fosters the well-being of the elderly, ensuring they can maintain their autonomy while receiving necessary support when required. The facility operated by Monroe Joint Venture Inc serves as a residential community where elderly individuals can engage in activities that promote their overall health and social interaction, ultimately enhancing their quality of life.
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Impact
October, 2024
Monroe Joint Venture Inc significantly enhances the quality of life for elderly residents in New Glarus, WI, by operating a dedicated assisted living apartment facility. This 50-unit complex is specifically designed to address the varied physical, emotional, recreational, and social needs of seniors, allowing them to maintain their independence while receiving the support necessary for their well-being.
The facility fosters a sense of community among residents, promoting social interaction and recreational activities that are crucial for mental and emotional health. By catering to different levels of independence, Monroe Joint Venture ensures that each resident receives personalized care and attention, making it a vital resource for families seeking optimal living conditions for their loved ones.
Through its commitment to creating a nurturing environment, Monroe Joint Venture Inc not only supports elderly individuals but also alleviates the burden on caregivers, contributing positively to the broader community. The organization plays a pivotal role in championing human services, advocating for the dignity and respect of seniors while enhancing their overall quality of life.
This information is meant to be a general summary of Monroe Joint Venture 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: -$469,355
- Program Service Revenue: $1,334,619
- Gross Receipts: $2,733,160
Assets and Liabilities:
- Total Assets: $3,701,146
- Total Liabilities: $3,211,079
- Net Assets: $490,067
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$1,334,619
Organization Details
Founding Year
1999
Phone
(608) 527-2126Principal Officer
Matt Streiff
Main Address
600 SECOND AVENUE, NEW GLARUS, WI, 53574
NTEE Category
Code: P75 - Human services
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