Overview
What is Wesleyan Retirement Center Inc?
Wesleyan Retirement Center Inc, based in Marion, Indiana, is a nonprofit organization committed to providing a secure Christian living environment for the elderly. They generate income by leasing all their property, equipment, and managing the operations of the Colonial Oaks Health Care Center and the Avon Health Care and Rehabilitation Center. The organization also leases the real estate and improvements of their retirement apartments. Their primary mission is to ensure the safety and well-being of the older population within a faith-based community.
Official website here: www.indwes.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Wesleyan Retirement Center Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With an impressive score of 96% in Accountability & Finance, it demonstrates effective management and transparency in its operations. The organization excels in various aspects such as having a majority of independent board members and a thorough audit and oversight committee, which are vital for ensuring governance integrity.
The organization has also shown a robust commitment to ethical practices, evidenced by its comprehensive conflict of interest, whistleblower, and document retention policies. The lack of material diversion of assets indicates a solid stewardship over its resources, further enhancing its credibility in the nonprofit sector. Additionally, a low liabilities to assets ratio of 0.24% signifies a stable financial position, enabling the organization to effectively fulfill its mission.
One notable strength is the high program expense ratio of 96.89%, indicating that a significant portion of its expenditures directly supports its programs and services. This ensures that donors can have confidence that their contributions are making a tangible impact. Overall, Wesleyan Retirement Center Inc stands out as a well-managed organization with a strong focus on sustainability and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Wesleyan Retirement Center Inc legitimate?
Wesleyan Retirement Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesleyan Retirement Center 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: $0
For more financial information, click here
Official website here: www.indwes.edu
What is the mission statement of Wesleyan Retirement Center Inc?
The Wesleyan Retirement Center Inc is dedicated to creating a secure and Christian living environment for the elderly community. Through leasing out property, equipment, and managing healthcare centers, the organization generates income. The Colonial Oaks Health Care Center and the Avon Health Care and Rehabilitation Center are both overseen by the Wesleyan Retirement Center. By providing these services, the center ensures a safe and comfortable community for the aging population.
Official website here: www.indwes.edu
Who is the CEO of Wesleyan Retirement Center Inc?
John Jones is the Chairperson of Wesleyan Retirement Center Inc.
Official website here: www.indwes.edu
What is the revenue of Wesleyan Retirement Center Inc?
Wesleyan Retirement Center Inc's revenue in 2023 was $16,759,677.
Official website here: www.indwes.edu
Who are the executives of Wesleyan Retirement Center Inc and what are their salaries?
There 6 volunteers at Wesleyan Retirement Center Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $102,305
- Other: $31,259
- Compensation: $0
- Related: $90,871
- Other: $31,932
- 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.indwes.edu
Where can I find the form 990 for Wesleyan Retirement Center Inc?
Wesleyan Retirement Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.indwes.edu
Learn more at the official website: www.indwes.edu
Mission Statement of Wesleyan Retirement Center Inc
Wesleyan Retirement Center Inc, a nonprofit organization, is dedicated to creating a secure and faith-based community for the elderly. The mission of this esteemed institution is to provide a nurturing and safe environment for senior citizens.
Through its various activities, Wesleyan Retirement Center Inc generates income by leasing all its property, equipment, and managing the Colonial Oaks Health Care Center and the Avon Health Care and Rehabilitation Center. The organization's primary focus, however, remains on ensuring the well-being and comfort of its elderly residents.
Wesleyan Retirement Center Inc goes beyond the mere provision of living quarters, offering its residents a sense of belonging and companionship within a faith-based community. By leasing the real estate, improvements, and management of the Retirement Apartments, the organization is able to accommodate a larger number of seniors, ensuring they live in a safe and supportive environment. The operations of the Colonial Oaks Health Care Center and Avon Health Care and Rehabilitation Center further enhance the quality of life for the elderly residents by providing them with access to top-notch healthcare services.
In summary, Wesleyan Retirement Center Inc is a beacon of hope and security for the elderly, providing them with a faith-based community where they can live comfortably and securely. Through the leasing of properties and the operation of healthcare centers, the organization caters to the physical and emotional needs of its residents, ensuring they receive the care and support they deserve.
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Impact
October, 2024
Wesleyan Retirement Center Inc creates a significant impact by fostering a safe and nurturing Christian community for elderly individuals. Through its comprehensive approach to care, it enhances the quality of life for seniors in Marion, Indiana, by providing services that cater to their physical, emotional, and spiritual needs.
The center generates income through strategic leasing of property and equipment, which supports its operations, including the Colonial Oaks Health Care Center and the Avon Health Care and Rehabilitation Center. This financial model not only sustains the facilities but also ensures that residents have access to vital resources and care.
By focusing on a community-centered approach, Wesleyan Retirement Center promotes an environment where seniors can thrive, engage socially, and maintain their independence in a safe setting. This commitment to service enriches the lives of residents and their families, making a lasting positive impact on the wider community.
This information is meant to be a general summary of Wesleyan Retirement Center 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: $13,635,047
- Program Service Revenue: $3,122,609
- Gross Receipts: $32,581,433
Assets and Liabilities:
- Total Assets: $799,029
- Total Liabilities: $1,982
- Net Assets: $797,047
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASED FACILITIES
Revenue
$3,122,609
Organization Details
Founding Year
1979
Phone
(765) 677-2125Principal Officer
John Jones
Main Address
4201 S WASHINGTON STREET, MARION, IN, 46953
Website
www.indwes.eduNTEE Category
Code: P75 - Human services
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