Overview
What is Mayslake East Wing Inc?
Mayslake East Wing Inc is a nonprofit organization, specifically dedicated to providing affordable housing solutions for seniors. Situated within a residential retirement facility, their mission is to cater to the needs of elderly individuals who are financially disadvantaged. They operate as a rental facility, offering a safe and comfortable living environment for seniors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating
Mayslake East Wing Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score is derived entirely from its accountability and finance score of 75%, reflecting a commitment to transparency and responsible financial management.
The organization demonstrates strong governance practices, with 100% of its board members being independent and a robust board size of ten members. It scores highly in areas such as financial audits and the absence of material asset diversion, showcasing effective oversight. Additionally, it has established policies for conflicts of interest and whistleblower protections, which further enhance its accountability.
One notable strength is the impressive program expense ratio of 91.47%, suggesting that the majority of funds are directed towards its programs rather than administrative costs. While the organization shows strong performance in key areas, the overall Three-Star rating indicates there may be room for improvement in its accountability practices or broader organizational impact.
This AI summary has been generated from information found on Charity Navigator.
Is Mayslake East Wing Inc legitimate?
Mayslake East Wing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mayslake East Wing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $409,008
For more financial information, click here
What is the mission statement of Mayslake East Wing Inc?
Mayslake East Wing Inc, a retirement facility, is dedicated to providing affordable living solutions for seniors in need. Their mission is carried out through the operation of a residential rental property, offering low-income housing. The organization strives to cater to the elderly population, ensuring they have a place to live comfortably within their means.
Who is the CEO of Mayslake East Wing Inc?
Bernadette Mayer is the Vice President of Mayslake East Wing Inc. The CEO's salary of Mayslake East Wing Inc is $0 and their total compensation is $165,034.
What is the revenue of Mayslake East Wing Inc?
Mayslake East Wing Inc's revenue in 2023 was $1,899,751.
Who are the executives of Mayslake East Wing Inc and what are their salaries?
The average compensation at Mayslake East Wing Inc during 2023 was $9,738. There are 42 employees and 20 volunteers at Mayslake East Wing Inc.
Here are 14 key members and their salaries (Mayslake East Wing Inc's CEO's salary is $0 and their total compensation is $165,034):
- Compensation: $0
- Related: $196,243
- Other: $19,624
- Compensation: $0
- Related: $150,031
- Other: $15,003
- Compensation: $0
- Related: $128,329
- Other: $12,833
- Compensation: $0
- Related: $117,199
- Other: $11,720
- 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
Where can I find the form 990 for Mayslake East Wing Inc?
Mayslake East Wing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mayslake East Wing Inc
Mayslake East Wing Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for seniors. Their mission is to operate a residential retirement facility that caters to low-income elderly individuals, offering them a comfortable living environment. The organization's primary goal is to make housing accessible for seniors who are in need, ensuring they can maintain their dignity and independence as they age. By operating a rental facility, Mayslake East Wing Inc aims to alleviate the financial burden of housing for this vulnerable population.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Mayslake East Wing Inc significantly impacts the community by providing low-income housing options for seniors in Oakbrook, IL. Through its residential rental retirement facility, it addresses the critical need for affordable living solutions for elderly individuals who may otherwise struggle to secure safe and stable housing. By focusing on low-income apartments, Mayslake East Wing Inc enables seniors to maintain their independence and dignity, fostering a sense of community and support among residents. This initiative not only enhances the quality of life for seniors but also contributes positively to the overall well-being of the Oakbrook community by ensuring that vulnerable populations have access to essential housing resources.
This information is meant to be a general summary of Mayslake East Wing 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 2023.
- Program Service Revenue: $1,899,751
- Gross Receipts: $1,899,751
Assets and Liabilities:
- Total Assets: $10,807,077
- Total Liabilities: $16,698,531
- Net Assets: -$5,891,454
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL
Revenue
$1,874,267
VARIOUS
Revenue
$25,484
Organization Details
Founding Year
2001
Phone
(630) 850-8232Principal Officer
Bernadette Mayer
Main Address
1801 35TH STREET, OAKBROOK, IL, 60523
NTEE Category
Code: L22 - Housing
If you are a representative of Mayslake East Wing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.