Overview
What is Indiana Masonic Home Inc?
Indiana Masonic Home Inc is a nonprofit organization based in Franklin, Indiana, with a charitable mission to operate Compass Park, a continuing care retirement community. They provide housing, healthcare, and related services to residents through independent living homes, assisted living apartments, and a healthcare facility. The organization employs 400 individuals and is dedicated to serving the elderly community in Franklin, IN.
Official website here: www.compasspark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Indiana Masonic Home Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. A score of 95% reflects the organization's commitment to transparency and responsible financial management. The overall score is derived from a single beacon score focused on these critical areas, highlighting the nonprofit's adherence to best practices.
The organization boasts an impressive structure with 88% of its board members being independent, ensuring unbiased governance. Additionally, the board size is robust, with 16 independent members contributing to effective oversight. The financial health is also notable, with a low liabilities to assets ratio of 37.56%, indicating solid financial stability.
While Indiana Masonic Home Inc demonstrates excellent financial practices and transparency, the main strength lies in its governance structure and policies. The absence of material asset diversions and the presence of key policies like conflict of interest and whistleblower protections further enhance its credibility. Overall, the organization stands out as a trustworthy entity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Indiana Masonic Home Inc legitimate?
Indiana Masonic Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana Masonic Home 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: $242,439
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,894,158
For more financial information, click here
Official website here: www.compasspark.org
What is the mission statement of Indiana Masonic Home Inc?
Indiana Masonic Home Inc is dedicated to serving a charitable purpose by operating a continuing care retirement community. This organization provides housing, healthcare, and related services to its residents through the operation of a retirement facility, which includes independent living homes and apartments, as well as assisted living apartments and a healthcare facility. The mission of Indiana Masonic Home Inc is to care for the aged, ensuring they receive the necessary support and attention they require to live comfortably and efficiently. The community aims to provide a nurturing environment that promotes the overall wellbeing and independence of its residents. Additionally, it strives to meet the physical, emotional, and social needs of its residents, ensuring they receive comprehensive care and assistance throughout their retirement years.
Official website here: www.compasspark.org
Who is the CEO of Indiana Masonic Home Inc?
Mike Spencer is the Grand Secretary of Indiana Masonic Home Inc. The CEO's salary of Indiana Masonic Home Inc is $233,548 and their total compensation is $242,439.
Official website here: www.compasspark.org
What is the revenue of Indiana Masonic Home Inc?
Indiana Masonic Home Inc's revenue in 2022 was $14,415,364.
Official website here: www.compasspark.org
Who are the executives of Indiana Masonic Home Inc and what are their salaries?
The average compensation at Indiana Masonic Home Inc during 2022 was $7,841. There are 400 employees at Indiana Masonic Home Inc.
Here are 26 key members and their salaries (Indiana Masonic Home Inc's CEO's salary is $233,548 and their total compensation is $242,439):
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- Related: $108,771
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- Compensation: $233,548
- Related: $0
- Other: $8,891
- Compensation: $168,486
- Related: $0
- Other: $17,314
- Compensation: $164,212
- Related: $0
- Other: $7,019
- Compensation: $119,717
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- Other: $2,045
- Compensation: $118,455
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- Other: $2,045
- Compensation: $115,738
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- Other: $8,986
- Compensation: $109,674
- Related: $0
- Other: $7,019
- Compensation: $121,945
- Related: $0
- Other: $0
Official website here: www.compasspark.org
Where can I find the form 990 for Indiana Masonic Home Inc?
Indiana Masonic Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.compasspark.org
Learn more at the official website: www.compasspark.org
Mission Statement of Indiana Masonic Home Inc
Indiana Masonic Home Inc, a charitable organization, is dedicated to serving a noble cause by operating the Continuing Care Retirement Community known as the Indiana Masonic Home in Franklin, Indiana. In simple terms, the mission of this esteemed institution is to provide care for the aged.
The Indiana Masonic Home offers a range of services to cater to the unique needs of its residents. By operating a retirement facility, the organization provides housing for seniors through Independent Living Homes and Apartments. Additionally, it offers Assisted Living Apartments to help those who require some assistance with daily activities. Furthermore, the home operates a Health Care Facility to ensure that residents receive comprehensive medical care when needed.
Indiana Masonic Home Inc stands as a beacon of hope for the elderly, offering them a place where they can live out their golden years with dignity and care. Through its commitment to providing housing, healthcare, and related services, the organization fosters an environment where seniors can thrive and maintain their independence while receiving the support they need. The mission of Indiana Masonic Home Inc is a testament to its dedication to enhancing the lives of the aging population.
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Impact
October, 2024
Indiana Masonic Home Inc significantly impacts senior care in Franklin, Indiana, by providing a comprehensive continuing care retirement community. This facility offers a range of services tailored to the needs of the elderly, ensuring they receive appropriate support at various stages of their lives. Residents benefit from independent living homes and apartments that promote autonomy, while those requiring additional assistance can access well-equipped assisted living spaces.
The healthcare facility on-site further enhances the quality of life for residents by offering necessary medical services in a familiar environment. By combining housing with healthcare, Indiana Masonic Home Inc creates a holistic approach to aging, allowing seniors to live comfortably and securely while receiving care tailored to their evolving needs.
The organization’s commitment to serving the aged also fosters a sense of community and belonging among residents, significantly improving their overall well-being. With a focus on compassionate care and a supportive environment, Indiana Masonic Home Inc plays a vital role in enhancing the lives of seniors in the area, making it a cornerstone of the local community.
This information is meant to be a general summary of Indiana Masonic Home 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: $478,797
- Program Service Revenue: $8,592,105
- Gross Receipts: $17,096,988
Assets and Liabilities:
- Total Assets: $101,048,272
- Total Liabilities: $37,960,120
- Net Assets: $63,088,152
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENCE SERVICES
Revenue
$4,580,974
HEALTH CARE FACILITY
Revenue
$1,669,500
MANAGEMENT FEES
Revenue
$1,213,794
HOME HEALTH CARE
Revenue
$1,127,837
Organization Details
Founding Year
2003
Phone
(317) 736-6141Principal Officer
Mike Spencer
Main Address
690 STATE STREET, FRANKLIN, IN, 46131
Website
www.compasspark.orgNTEE Category
Code: L22 - Housing
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