Overview
What is Mather Investments Nfp?
Mather Investments Nfp is a nonprofit organization based in Evanston, Illinois, with an address at 1560 Sherman Avenue 1010. Their primary mission involves creating and managing senior living communities through joint venture operations, called Life Plan Communities. These communities aim to improve the lives of older adults by providing them with specialized care and accommodations. Mather Investments Nfp employs a workforce of 298 individuals.
Official website here: www.mather.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning a Two-Star out of Four Star rating
Mather Investments Nfp has received a 74% rating from Charity Navigator, indicating a two-star performance. The organization shows strengths in various governance areas, including having a majority of independent board members and a robust oversight committee for financial statements. Their program expense ratio is commendable at 89.64%, suggesting that a significant portion of their funds is directed toward their programs.
Despite these strengths, there are notable areas of concern. The organization has a high liabilities to assets ratio of 105.56%, which is a red flag indicating potential financial instability. Additionally, they have not posted their tax forms on their website, which is a requirement that affected their overall score negatively.
Overall, while Mather Investments Nfp demonstrates strong governance and a commitment to program funding, their financial challenges and transparency issues suggest areas that require improvement for a stronger rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Mather Investments Nfp legitimate?
Mather Investments Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mather Investments Nfp 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: $10,840,660
For more financial information, click here
Official website here: www.mather.com
What is the mission statement of Mather Investments Nfp?
Mather Investments Nfp focuses on improving the lives of older adults by establishing and managing senior living communities. Their mission is carried out through joint venture operations, which oversee the functioning of life plan communities. This organization is dedicated to creating environments that cater specifically to the needs of older adults. By operating these communities, they aim to bring about a positive impact on the lives of the residents.
Official website here: www.mather.com
Who is the CEO of Mather Investments Nfp?
Mary G Leary is the CEO of Mather Investments Nfp The CEO's salary of Mather Investments Nfp is $0 and their total compensation is $2,531,605.
Official website here: www.mather.com
What is the revenue of Mather Investments Nfp?
Mather Investments Nfp's revenue in 2023 was $48,376,580.
Official website here: www.mather.com
Who are the executives of Mather Investments Nfp and what are their salaries?
The average compensation at Mather Investments Nfp during 2023 was $34,635. There are 313 employees and 14 volunteers at Mather Investments Nfp.
Here are 12 key members and their salaries (Mather Investments Nfp's CEO's salary is $0 and their total compensation is $2,531,605):
- Compensation: $0
- Related: $2,347,083
- Other: $184,522
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $817,872
- Other: $41,432
- Compensation: $0
- Related: $216,965
- Other: $50,115
- Compensation: $0
- Related: $87,225
- Other: $3,166
- Compensation: $0
- Related: $426,583
- Other: $58,483
- Compensation: $473,807
- Related: $0
- Other: $25,664
- Compensation: $196,350
- Related: $0
- Other: $28,577
- Compensation: $146,006
- Related: $0
- Other: $24,590
- Compensation: $139,845
- Related: $0
- Other: $24,439
- Compensation: $161,663
- Related: $236,991
- Other: $34,329
Official website here: www.mather.com
Where can I find the form 990 for Mather Investments Nfp?
Mather Investments Nfp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mather.com
Learn more at the official website: www.mather.com
Mission Statement of Mather Investments Nfp
Mather Investments, NFP is a non-profit organization that enhances the lives of older adults by creating and operating senior living communities. Through its mission, Mather Investments, NFP strives to make a positive impact on the lives of seniors by providing them with quality living spaces. The organization goes beyond just creating these communities; it operates them as well.
Mather Investments, NFP's commitment to enhancing the lives of older adults is further demonstrated through its involvement in joint venture operations. These joint ventures specialize in the development and management of Life Plan Communities, which offer seniors a range of services and amenities designed to cater to their unique needs. By participating in these ventures, Mather Investments, NFP continues to expand its reach and help more older adults live fulfilling lives.
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Impact
October, 2024
Mather Investments Nfp enhances the lives of older adults by creating and operating senior living communities. Through its involvement in joint ventures, Mather Investments plays a significant role in developing life plan communities that provide comprehensive support and services tailored to the needs of seniors. Located in Evanston, Illinois, the organization focuses on fostering vibrant environments that promote the well-being and dignity of older adults. By prioritizing quality of life, Mather Investments positively impacts the community, enabling seniors to thrive in a supportive and engaging atmosphere.
This information is meant to be a general summary of Mather Investments Nfp. 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: $91,435
- Program Service Revenue: $45,175,145
- Gross Receipts: $48,376,580
Assets and Liabilities:
- Total Assets: $128,881,443
- Total Liabilities: $136,047,335
- Net Assets: -$7,165,892
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
J.V. PROGRAM RECEIPTS
Revenue
$16,812,384
CONTRACTED SERVICES
Revenue
$13,899,845
DEVELOPMENT FEE INCOME
Revenue
$7,591,154
MARKETING FEE INCOME
Revenue
$4,024,735
MANAGEMENT FEE
Revenue
$1,708,216
Organization Details
Founding Year
1998
Principal Officer
Mary G Leary
Website
www.mather.comNTEE Category
Code: P81 - Human services
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