Overview
What is Methodist Services Inc?
Methodist Services Inc is a nonprofit organization located at 221 Northeast Glen Oak Avenue, Peoria, Illinois, 61636. Their core business involves the rental of physicians' office buildings, management of various physicians' offices, and holding property for future expansion of Methodist Medical Center of Illinois, Proctor Health Systems, Proctor Hospital, Park Court Limited, and Pekin Memorial Hospital. The organization's mission is centered around property rentals, managing physicians' offices, and preparing for future hospital expansions.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
Methodist Services Inc has earned a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The organization boasts a solid performance with an Accountability & Finance score of 94%, indicating effective financial management and robust oversight. The independent board composition, with 71% independent members, further enhances its governance structure.
Significant strengths include a high program expense ratio of 96.03%, suggesting that the majority of funds are directed towards fulfilling its mission rather than administrative costs. The charity also has well-established policies for conflict of interest, whistleblower protection, and document retention, demonstrating a commitment to transparency and ethical practices.
There are no noted limitations in the data regarding financial mismanagement or asset diversion, which adds to the organization's credibility. Overall, Methodist Services Inc's financial health and governance practices position it as a reliable nonprofit dedicated to its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Methodist Services Inc legitimate?
Methodist Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Services 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: $0
For more financial information, click here
What is the mission statement of Methodist Services Inc?
Methodist Services Inc is dedicated to the rental of physicians' office buildings and management of associated medical practices. They oversee various doctors' offices and hold property for future expansion of several healthcare entities. These healthcare organizations include Methodist Medical Center of Illinois, Proctor Health Systems, Proctor Hospital, Park Court Limited, and Pekin Memorial Hospital. The primary focus of Methodist Services Inc is to facilitate the growth and development of these healthcare institutions by managing their office spaces and properties.
Who is the CEO of Methodist Services Inc?
Keith Knepp Md is the CEO of Methodist Services Inc The CEO's salary of Methodist Services Inc is $0 and their total compensation is $883,163.
What is the revenue of Methodist Services Inc?
Methodist Services Inc's revenue in 2022 was $12,807,165.
Who are the executives of Methodist Services Inc and what are their salaries?
There 7 volunteers at Methodist Services Inc.
Here are 9 key members and their salaries (Methodist Services Inc's CEO's salary is $0 and their total compensation is $883,163):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $739,283
- Other: $143,880
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $11,000
- Other: $0
- Compensation: $0
- Related: $2,500
- Other: $0
- Compensation: $0
- Related: $11,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $445,945
- Other: $36,450
Where can I find the form 990 for Methodist Services Inc?
Methodist Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Methodist Services Inc
Methodist Services Inc is a dedicated organization that focuses on property rentals and management, with a significant role in supporting the expansion of various healthcare facilities. In simple terms, this nonprofit organization plays a pivotal part in leasing out buildings for physicians' offices and managing parking facilities. More than that, Methodist Services Inc also holds properties intended for future expansion projects of Methodist Medical Center of Illinois, Proctor Health Systems, Proctor Hospital, Park Court Limited, and Pekin Memorial Hospital.
By providing rental solutions for physicians' offices, Methodist Services Inc ensures the smooth operation of various medical institutions. The leased buildings are managed efficiently, enabling healthcare professionals to deliver quality care to their patients. Furthermore, the parking decks under Methodist Services Inc's management are crucial in accommodating the influx of patients and visitors to these healthcare facilities.
In pursuit of growth, Methodist Services Inc also holds properties destined for future expansions of the listed healthcare institutions. The organization's commitment to the healthcare sector extends beyond its current roles, making it an essential partner in the development and progression of these medical organizations. The rental income generated through the leasing of physicians' office buildings and parking decks likely contributes to the funding of these future expansion projects, ensuring that the healthcare institutions continue to meet the evolving needs of their communities.
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Impact
October, 2024
Methodist Services Inc plays a vital role in the healthcare infrastructure of Peoria, Illinois, by facilitating the rental and management of physicians' office buildings and related properties. This organization is instrumental in ensuring that healthcare providers have access to well-managed and strategically located facilities, which enhances the delivery of medical services to the community.
By managing properties that support the operations of Methodist Medical Center of Illinois, Proctor Health Systems, Proctor Hospital, Park Court Limited, and Pekin Memorial Hospital, Methodist Services Inc significantly contributes to the efficiency and accessibility of healthcare in the region. Their activities not only include the rental of office spaces and parking facilities but also encompass the strategic management of various healthcare facilities. This ensures that healthcare services remain robust and can expand to meet the growing needs of the population.
In addition, by holding property for future hospital expansion, Methodist Services Inc demonstrates a commitment to the long-term improvement and sustainability of healthcare services. This proactive approach aids in facilitating growth and adaptability within the healthcare system, ultimately benefiting patients and the community. Overall, their contributions help foster a stronger, more responsive healthcare environment in Central Illinois.
This information is meant to be a general summary of Methodist Services 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: $6,116
- Program Service Revenue: $12,783,042
- Gross Receipts: $13,149,508
Assets and Liabilities:
- Total Assets: $102,224,134
- Total Liabilities: $5,842,191
- Net Assets: $96,381,943
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$12,783,042
Organization Details
Founding Year
1981
Principal Officer
Keith Knepp Md
NTEE Category
Code: E110 - Health
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