Overview
What is North Rockford Convalescent Home?
North Rockford Convalescent Home, known as Peterson Meadows, is a nonprofit organization situated in Rockford, Illinois. Its primary focus is to cater to the needs of senior citizens, promoting Christian values to foster their personal growth and self-improvement. Peterson Meadows offers housing and supportive services, encouraging its residents to embrace and cherish their retirement years. The organization's mission is centered around this ethos, inspiring seniors to live their golden years to the fullest.
Official website here: www.petersonmeadows.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
North Rockford Convalescent Home has received a commendable rating of 81%, indicating strong performance in accountability and finance. This score reflects the nonprofit’s commitment to transparency and responsible financial practices. The organization has achieved full marks in several key areas, including having a majority of independent board members and effective oversight with no reported material diversion of assets.
Strengths of the organization include a robust governance structure, with all board members being independent, and comprehensive financial oversight mechanisms in place. The charity also maintains clear policies regarding conflict of interest and the retention of documents, which further enhances its reliability. Additionally, the program expense ratio is notable at 70.75%, suggesting that a significant portion of its budget is allocated directly to its mission.
However, while the financial aspects are well-rated, potential donors or beneficiaries may want to consider the overall impact and quality of the services provided, which aren’t detailed in the financial data. The compensation of key personnel is disclosed, with the CEO earning $544,514, which could be a point of discussion for supporters regarding administrative costs versus programmatic impact.
This AI summary has been generated from information found on Charity Navigator.
Is North Rockford Convalescent Home legitimate?
North Rockford Convalescent Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Rockford Convalescent 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: $0
For more financial information, click here
Official website here: www.petersonmeadows.org
What is the mission statement of North Rockford Convalescent Home?
North Rockford Convalescent Home, through its facility Peterson Meadows, is dedicated to offering housing and services for senior citizens. The organization's objectives include fostering Christian principles to facilitate the growth and betterment of individuals in their retirement years. Moreover, Peterson Meadows encourages seniors to embrace and celebrate their lives.
Official website here: www.petersonmeadows.org
Who is the CEO of North Rockford Convalescent Home?
Frances Salinas is the President of North Rockford Convalescent Home. The CEO's salary of North Rockford Convalescent Home is $0 and their total compensation is $605,135.
Official website here: www.petersonmeadows.org
What is the revenue of North Rockford Convalescent Home?
North Rockford Convalescent Home's revenue in 2023 was $4,258,426.
Official website here: www.petersonmeadows.org
Who are the executives of North Rockford Convalescent Home and what are their salaries?
There 75 volunteers at North Rockford Convalescent Home.
Here are 18 key members and their salaries (North Rockford Convalescent Home's CEO's salary is $0 and their total compensation is $605,135):
- Compensation: $0
- Related: $544,514
- Other: $60,621
- Compensation: $0
- Related: $306,764
- Other: $35,969
- Compensation: $0
- Related: $193,409
- Other: $32,062
- Compensation: $0
- Related: $152,416
- Other: $15,645
- Compensation: $0
- Related: $145,580
- Other: $14,700
- Compensation: $0
- Related: $140,086
- Other: $0
- Compensation: $0
- Related: $117,233
- Other: $2,500
- 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: $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
Official website here: www.petersonmeadows.org
Where can I find the form 990 for North Rockford Convalescent Home?
North Rockford Convalescent Home's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.petersonmeadows.org
Learn more at the official website: www.petersonmeadows.org
Mission Statement of North Rockford Convalescent Home
North Rockford Convalescent Home, a nonprofit organization, is dedicated to providing housing and services for senior citizens. Their mission is multifaceted, with a focus on promoting Christian principles to foster the personal growth and enhancement of individuals in their retirement years. This nonprofit encourages its senior residents to embrace life with joy and positivity, serving as a beacon of inspiration for the elderly population.
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Impact
October, 2024
North Rockford Convalescent Home plays a vital role in the community by offering housing and support services tailored for senior citizens. By integrating Christian principles into its operations, it fosters an environment that encourages personal growth and enhances the quality of life for its residents. This focus not only assists individuals in their retirement years but also inspires them to celebrate life, fostering a sense of purpose and community among seniors. The organization’s commitment to health and well-being significantly contributes to the overall improvement of the lives of older adults in Rockford, Illinois, ensuring they are treated with dignity and respect as they navigate this important stage of life.
This information is meant to be a general summary of North Rockford Convalescent 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 2023.
- Program Service Revenue: $3,975,171
- Gross Receipts: $4,258,426
Assets and Liabilities:
- Total Assets: $19,868,674
- Total Liabilities: $25,805,671
- Net Assets: -$5,936,997
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Resident Services Revenue
Revenue
$3,846,082
Other Operating Revenue
Revenue
$129,089
Organization Details
Founding Year
1900
Phone
(815) 397-7120Principal Officer
Frances Salinas
Main Address
6401 NEWBURG ROAD, ROCKFORD, IL, 61108
Website
www.petersonmeadows.orgNTEE Category
Code: E91Z - Health
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