Overview
What is Unlimited Development Inc?
Unlimited Development Inc, a charitable organization based in Galesburg, Illinois, is dedicated to providing and operating skilled nursing facilities, assisted living, semi-independent, and supportive living facilities, and other related healthcare services for the elderly. The nonprofit, which employs a total workforce of 2408 people, aims to empower individuals, regardless of race, religion, color, sex, creed, or national origin, with mental or physical conditions such as mental retardation, mental illness, and developmental disabilities. Their mission, as stated in their Articles of Incorporation, is to build, lease, acquire, and own facilities and facilities, including nursing homes and residential care facilities, to cater to the needs of the elderly and specified populations. The organization does not practice medicine nor render any licensed professional services. Unlimited Development Inc operates 23 facilities with a combined total of 1,741 beds.
Official website here: www.simplythefinest.net
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88%, Three-Star out of Four Star Rating.
Unlimited Development Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 88%. This rating is based exclusively on their Accountability & Finance metrics, which are indicative of the organization's commitment to transparency and responsible financial practices. Notably, they achieved full marks for the majority of their governance indicators, including having a fully independent board and a strong financial oversight committee.
The organization demonstrates a commendable program expense ratio of 93.42%, suggesting that a significant portion of their funds is directed toward their programs rather than administrative costs. Additionally, they have effectively maintained a low liabilities to assets ratio of 27.92%, further showcasing their financial stability. The presence of a conflict of interest policy and the availability of board meeting minutes on their website also highlight their commitment to good governance.
However, there are areas for improvement, particularly in their policies; they currently lack a whistleblower policy and document retention and destruction policies, which could enhance their accountability framework. Overall, while Unlimited Development Inc excels in many areas of financial management and governance, addressing these policy gaps would strengthen their overall accountability further.
This AI summary has been generated from information found on Charity Navigator.
Is Unlimited Development Inc legitimate?
Unlimited Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unlimited Development 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: $13,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,235,154
For more financial information, click here
Official website here: www.simplythefinest.net
What is the mission statement of Unlimited Development Inc?
Unlimited Development Inc, a charitable organization, is dedicated to providing and managing nursing and assisted living facilities for the elderly, mentally retarded, mentally ill, developmentally disabled, and individuals with similar conditions. The organization's mission, as stated in its articles of incorporation, is exclusively for charitable purposes as defined in Section 501(C)(3) of the Internal Revenue Code of 1986. Unlimited Development Inc empowers itself to build, lease, acquire, and operate residential facilities, nursing homes, and related services for the above-mentioned groups, without discrimination based on race, religion, color, sex, creed, or national origin. The organization does not engage in the practice of medicine or offer licensed professional services. Its primary focus is to enhance the quality of life for those in need of care and support.
Official website here: www.simplythefinest.net
Who is the CEO of Unlimited Development Inc?
Robert Wagner is the President of Unlimited Development Inc.
Official website here: www.simplythefinest.net
What is the revenue of Unlimited Development Inc?
Unlimited Development Inc's revenue in 2022 was $105,201,849.
Official website here: www.simplythefinest.net
Who are the executives of Unlimited Development Inc and what are their salaries?
The average compensation at Unlimited Development Inc during 2022 was $19,622. There are 2408 employees and 98 volunteers at Unlimited Development Inc.
Here are 11 key members and their salaries:
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $122,680
- Related: $0
- Other: $10,690
- Compensation: $109,374
- Related: $0
- Other: $10,529
- Compensation: $115,703
- Related: $0
- Other: $4,978
- Compensation: $131,800
- Related: $0
- Other: $13,312
- Compensation: $117,906
- Related: $0
- Other: $9,591
Official website here: www.simplythefinest.net
Where can I find the form 990 for Unlimited Development Inc?
Unlimited Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.simplythefinest.net
Learn more at the official website: www.simplythefinest.net
Mission Statement of Unlimited Development Inc
Unlimited Development Inc, a charitable organization, is dedicated to making a difference in the lives of the elderly, mentally retarded, mentally ill, developmentally disabled, and others with similar conditions. The corporation's mission, as stated in its articles of incorporation, is to build, lease, acquire, and operate residential facilities, nursing facilities, and other related services for those in need.
Unlimited Development Inc stands out for its commitment to inclusivity, welcoming individuals regardless of race, religion, color, sex, creed, or national origin. The organization's primary focus is on providing essential living quarters and facilities for these vulnerable populations. However, it does not engage in the practice of medicine or render any licensed professional services.
The organization's goals are centered around empowering and supporting individuals as they navigate the challenges of aging and various disabilities. By owning and operating residential and nursing facilities, Unlimited Development Inc aims to provide a safe and nurturing environment where individuals can thrive, receive care, and live with dignity.
In furtherance of its charitable purposes, Unlimited Development Inc strives to make a positive impact on the lives of the people it serves. It does so by offering a range of facilities and services tailored to the unique needs of its residents, ensuring they receive the care and attention they deserve. The organization's mission is grounded in the belief that every person, regardless of their circumstances, deserves access to quality living facilities and care, and Unlimited Development Inc is dedicated to making that vision a reality.
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Impact
October, 2024
Unlimited Development Inc. plays a crucial role in enhancing the quality of life for the elderly by providing a range of essential housing and healthcare services. Operating 23 facilities with a total of 1,741 beds, the organization focuses on skilled nursing, assisted living, semi-independent, and supportive living arrangements tailored to meet the diverse needs of its residents.
The commitment to inclusivity ensures that services are available to all individuals regardless of race, religion, color, sex, creed, or national origin. This approach fosters a supportive community where elderly individuals can receive compassionate care and maintain a sense of dignity as they navigate their later years.
Through its comprehensive care model, Unlimited Development Inc. not only addresses the immediate health and living needs of the elderly but also contributes to the broader community by creating employment opportunities and supporting local economies in Galesburg, Illinois. The organization's emphasis on building and operating residential facilities underscores its dedication to meeting the growing demand for accessible and quality elder care services. Overall, Unlimited Development Inc.'s impact lies in its unwavering commitment to compassionate care, inclusivity, and community support for some of society's most vulnerable members.
This information is meant to be a general summary of Unlimited Development 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: $1,003,152
- Program Service Revenue: $99,254,958
- Gross Receipts: $107,815,053
Assets and Liabilities:
- Total Assets: $71,835,408
- Total Liabilities: $19,729,951
- Net Assets: $52,105,457
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE & MEDICAID
Revenue
$69,436,030
PRIVATE PAY RESIDENT SERVICES
Revenue
$29,378,825
OTHER RESIDENT SERVICES
Revenue
$363,823
MAINTENANCE FEES
Revenue
$76,280
Organization Details
Founding Year
1996
Phone
(309) 343-1550Principal Officer
Robert Wagner
Main Address
285 SOUTH FARNHAM STREET, GALESBURG, IL, 61401
Website
www.simplythefinest.netNTEE Category
Code: L22 - Housing
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