Overview
What is Capitol Retirement Village Inc?
Capitol Retirement Village Inc, located in Springfield, Illinois, serves as a nonprofit organization dedicated to providing facilities and specialized services catering to the needs of elderly and disabled individuals. The primary aim is to ensure their physical, social, and psychological well-being, promoting health, security, happiness, and usefulness in their extended living. The organization actively engages in charitable activities within the Sangamon County area, focusing on maintaining and improving the physical and mental health of the elderly population.
Official website here: www.crv500.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning it a Two-Star out of Four Star rating. The rating indicates that Capitol Retirement Village Inc demonstrates a moderate level of accountability and financial health. While the organization excels in areas like having a fully independent board and a strong audit oversight committee, it falls short in other key areas of governance.
The organization has a solid program expense ratio of 69.58%, indicating that a significant portion of its expenses goes directly to its programs. However, it struggles with a high liabilities to assets ratio of 150.94%, which may raise concerns about financial stability. The lack of a whistleblower policy and document retention policy are notable gaps in its governance practices that could impact transparency and accountability.
Overall, while Capitol Retirement Village Inc shows strengths in board independence and financial oversight, the identified weaknesses suggest a need for improvement in governance policies and financial management practices. Addressing these areas could enhance the organization’s overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Capitol Retirement Village Inc legitimate?
Capitol Retirement Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capitol Retirement Village 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: $83,259
For more financial information, click here
Official website here: www.crv500.org
What is the mission statement of Capitol Retirement Village Inc?
Capitol Retirement Village Inc's mission is centered around promoting and preserving the physical and mental wellbeing of elderly individuals. The organization is dedicated to engaging in charitable activities that contribute to the conservation of elderly people's health. They provide facilities and specialized services tailored to meet the physical, social, and psychological needs of the elderly, aiming to enhance their health, security, happiness, and productivity in their later years. The services are offered without discrimination based on factors such as race, color, religion, sex, national origin, ancestry, age, marital status, or physical or mental handicap.
Official website here: www.crv500.org
Who is the CEO of Capitol Retirement Village Inc?
Al Turner is the President of Capitol Retirement Village Inc.
Official website here: www.crv500.org
What is the revenue of Capitol Retirement Village Inc?
Capitol Retirement Village Inc's revenue in 2023 was $569,204.
Official website here: www.crv500.org
Who are the executives of Capitol Retirement Village Inc and what are their salaries?
There 10 volunteers at Capitol Retirement Village Inc.
Here are 8 key members and their salaries:
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Official website here: www.crv500.org
Where can I find the form 990 for Capitol Retirement Village Inc?
Capitol Retirement Village Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.crv500.org
Learn more at the official website: www.crv500.org
Mission Statement of Capitol Retirement Village Inc
Capitol Retirement Village Inc, a nonprofit organization, is dedicated to promoting and maintaining the physical and mental health of elderly individuals residing in the Sangamon County area. The organization's mission is to engage in charitable activities that contribute to the conservation of the elderly population's well-being. By providing facilities tailored to the needs of elderly and handicapped individuals, Capitol Retirement Village Inc aims to promote their health, security, happiness, and usefulness in longer living. The services offered by the nonprofit are specifically designed to meet the physical, social, and psychological needs of its clients, ensuring their overall well-being. The organization operates without discrimination, welcoming individuals of all races, colors, religions, sexes, national origins, ancestries, ages, marital statuses, and physical or mental handicaps. Capitol Retirement Village Inc's commitment to the elderly population is evident in its dedication to their physical and mental health, fostering an environment that supports their well-being and longer living.
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Impact
July, 2024
Capitol Retirement Village Inc's impact is focused on promoting and maintaining the physical and mental health of elderly persons in the Sangamon County area. By providing facilities and services specially designed to meet the needs of elderly and handicapped individuals, the organization works to enhance their physical, social, and psychological well-being. With a mission to promote the health, security, happiness, and usefulness of seniors in longer living, Capitol Retirement Village Inc's work is carried out without regard to factors such as race, color, religion, sex, national origin, ancestry, age, marital status, or physical or mental handicap. Through their housing services and commitment to charitable activities, they contribute to the overall well-being and quality of life for elderly individuals in the community.
This information is meant to be a general summary of Capitol Retirement Village 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 2023.
- Investment Income: $371
- Program Service Revenue: $567,457
- Gross Receipts: $569,204
Assets and Liabilities:
- Total Assets: $3,486,825
- Total Liabilities: $5,263,512
- Net Assets: -$1,776,687
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL
Revenue
$559,187
LAUNDRY AND VENDING
Revenue
$8,270
Organization Details
Founding Year
2001
Phone
(217) 698-9441Principal Officer
Al Turner
Main Address
500 N BRUNS LANE, SPRINGFIELD, IL, 62702
Website
www.crv500.orgNTEE Category
Code: L21 - Housing
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