Overview
What is Altenheim German Old Peoples Home?
Altenheim German Old Peoples Home is a mission-driven, nonprofit organization based in Forest Park, Illinois, specifically at 7824 Madison Street. Established in 1885, it has evolved into a not-for-profit rental community providing housing opportunities for the elderly. The community offers various living options, including studio, one, and two-bedroom apartments, catering to different needs. The property features amenities such as elevators, transportation for shopping and excursions, and activities for the residents' enjoyment. Parking and storage are also available at no additional cost. Altenheim's primary mission is to offer housing and necessary services to the elderly, ensuring they can live independently with comfort and ease. The organization employs a team of 10 dedicated individuals to fulfill this mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star Rating)
Altenheim German Old Peoples Home has received a solid Three-Star rating from Charity Navigator, reflecting a strong performance primarily in Accountability & Finance. The charity scored well in various key areas, including having a fully independent board and a low ratio of liabilities to assets, which suggests good financial health and governance.
Strengths include perfect scores for board independence and financial oversight, indicating a well-structured governance model. The organization also demonstrates effective financial management with no material diversion of assets, which enhances its credibility and trustworthiness. Program expenses are reasonably allocated, although there's some room for improvement in maximizing program spending.
However, the organization achieved a slightly lower score in the program expense ratio, indicating that while a large portion of its funds is directed toward programs, there may still be opportunities to optimize operational efficiency further. Overall, Altenheim German Old Peoples Home shows a commitment to transparency and accountability, making it a respectable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Altenheim German Old Peoples Home legitimate?
Altenheim German Old Peoples Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. Altenheim German Old Peoples Home 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: $201,066
For more financial information, click here
What is the mission statement of Altenheim German Old Peoples Home?
Altenheim German Old Peoples Home, established in 1885, operates as a mission-driven, not-for-profit organization. Its primary goal is to provide housing and essential services for the elderly population. Altenheim functions as a rental community for older adults who live independently, offering 56 apartment buildings equipped with studio, one-, and two-bedroom units. The community is equipped with amenities such as elevators, transportation for shopping and trips, a variety of activities, parking, and storage, all included at no additional cost. Altenheim's mission is centered around supporting the elderly, enabling them to maintain an independent lifestyle.
Who is the CEO of Altenheim German Old Peoples Home?
M Jean Riley is the Secretary of Altenheim German Old Peoples Home.
What is the revenue of Altenheim German Old Peoples Home?
Altenheim German Old Peoples Home's revenue in 2022 was $1,162,009.
Who are the executives of Altenheim German Old Peoples Home and what are their salaries?
The average compensation at Altenheim German Old Peoples Home during 2022 was $20,107. There are 10 employees at Altenheim German Old Peoples Home.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Altenheim German Old Peoples Home?
Altenheim German Old Peoples Home's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Altenheim German Old Peoples Home
Altenheim German Old Peoples Home, a mission-driven organization established in 1885, has dedicated its services to providing housing and care for the elderly. As a not-for-profit rental community, Altenheim offers independent living opportunities for older adults, catering to their needs with a variety of accommodations. The community comprises 56 apartment buildings, featuring studio, one-bedroom, and two-bedroom units equipped with essential amenities such as elevators, transportation for shopping and outings, and a range of activities. Residents can also benefit from convenient parking and storage facilities, all included in their rent without additional charges. Altenheim's mission is to create a comfortable and supportive living environment for the elderly, enabling them to maintain their independence while enjoying a sense of community.
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Impact
October, 2024
Altenheim German Old Peoples Home significantly impacts the lives of elderly individuals by providing safe, affordable housing and essential services that promote independent living. With its 56-unit apartment building offering studio, one, and two-bedroom options, Altenheim creates an environment that fosters dignity and autonomy for seniors.
The facilities include elevators, transportation services for shopping and outings, and various activities that enrich the residents' lives and keep them engaged. Additionally, the provision of free parking and storage enhances the convenience and quality of life for residents.
Established in 1885, Altenheim’s mission-driven approach ensures that older adults have access to not just housing, but a supportive community that recognizes their needs. By prioritizing independent living, Altenheim plays a pivotal role in enhancing the well-being and social connectedness of seniors in Forest Park, IL.
This information is meant to be a general summary of Altenheim German Old Peoples Home. 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: $423,759
- Program Service Revenue: $492,823
- Gross Receipts: $4,778,148
Assets and Liabilities:
- Total Assets: $15,844,466
- Total Liabilities: $82,936
- Net Assets: $15,761,530
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT UNITS
Revenue
$415,231
OTHER REVENUE
Revenue
$77,592
Organization Details
Founding Year
1885
Phone
(708) 366-2206Principal Officer
M Jean Riley
Main Address
7824 MADISON ST, FOREST PARK, IL, 60130
NTEE Category
Code: P75Z - Human services
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