Overview
What is Residential Alternatives Of Illinois Inc?
Residential Alternatives of Illinois Inc, a charitable organization based in Galesburg, Illinois, is dedicated to providing and operating nursing facilities, assisted living facilities, and related services for the elderly. They currently manage 22 facilities, offering a combined capacity of 1,572 beds. Their mission, as stated in their articles of incorporation, is to empower the elderly, mentally retarded, mentally ill, and developmentally disabled, disregarding race, religion, color, sex, creed, or national origin. The organization does not engage in the practice of medicine or render any licensed professional services. With a workforce of 1,987 employees, Residential Alternatives of Illinois Inc is committed to making a meaningful difference in the lives of those they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning a Two-Star out of Four Star rating
Residential Alternatives of Illinois Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of financial health and accountability. The organization shows strengths in governance, as evidenced by having 100% independent board members and a solid audit and oversight committee. They also maintain a high program expense ratio, with 92.72% of their expenses directed towards their programs, which reflects a commitment to their mission.
However, the nonprofit has notable weaknesses that impact its overall score. The absence of key policies, such as a whistleblower and document retention policy, raises concerns about transparency and accountability. Additionally, the organization has a significant liabilities to assets ratio of 70.76%, which may suggest financial vulnerabilities that could affect future stability and operations.
Overall, while Residential Alternatives of Illinois Inc demonstrates strong programmatic focus and governance practices, the lack of essential policies and high liabilities present challenges that potential donors and stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Residential Alternatives Of Illinois Inc legitimate?
Residential Alternatives Of Illinois Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Residential Alternatives Of Illinois 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: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,494,449
For more financial information, click here
What is the mission statement of Residential Alternatives Of Illinois Inc?
Residential Alternatives of Illinois Inc is a charitable organization with a mission to provide and operate nursing and assisted living facilities for the elderly, mentally retarded, mentally ill, developmentally disabled, and those with similar conditions. The organization's mission, as outlined in its articles of incorporation, is exclusively for charitable purposes, as defined in section 501(c)(3) of the Internal Revenue Code of 1986. In line with this purpose, RAI is authorized to build, lease, acquire, and own various residential facilities and related services for those in need. The organization does not engage in the practice of medicine or render any licensed professional services. Its primary goal is to empower individuals with disabilities and the elderly, regardless of race, religion, color, sex, creed, or national origin, to live with dignity and receive appropriate care.
Who is the CEO of Residential Alternatives Of Illinois Inc?
Ben Mcmahan is the President/Director Until 5/4/22 of Residential Alternatives Of Illinois Inc.
What is the revenue of Residential Alternatives Of Illinois Inc?
Residential Alternatives Of Illinois Inc's revenue in 2023 was $84,125,257.
Who are the executives of Residential Alternatives Of Illinois Inc and what are their salaries?
The average compensation at Residential Alternatives Of Illinois Inc during 2023 was $21,896. There are 1987 employees and 71 volunteers at Residential Alternatives Of Illinois Inc.
Here are 10 key members and their salaries:
- Compensation: $1,500
- 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: $121,106
- Related: $0
- Other: $6,636
- Compensation: $136,505
- Related: $0
- Other: $12,483
- Compensation: $126,947
- Related: $0
- Other: $2,618
- Compensation: $120,055
- Related: $0
- Other: $808
- Compensation: $146,208
- Related: $0
- Other: $300
Where can I find the form 990 for Residential Alternatives Of Illinois Inc?
Residential Alternatives Of Illinois Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Residential Alternatives Of Illinois Inc
Residential Alternatives of Illinois Inc, a charitable organization, is dedicated to providing and managing nursing and assisted living facilities for the elderly. As stated in its Articles of Incorporation, the Corporation was formed for charitable purposes, as defined by Section 501(c)(3) of the Internal Revenue Code of 1986. In pursuit of these purposes, Residential Alternatives of Illinois Inc is authorized to build, lease, acquire, and own residential facilities, nursing facilities, and other related services for the elderly, mentally retarded, mentally ill, developmentally disabled, and individuals with similar conditions. The organization's operations are inclusive, welcoming individuals regardless of their race, religion, color, sex, creed, or national origin.
Residential Alternatives of Illinois Inc's mission goes beyond just providing shelter. The Corporation aims to create a safe and supportive environment where the elderly, mentally retarded, mentally ill, developmentally disabled, and other individuals with similar needs can thrive. By owning and operating a variety of residential and care facilities, this organization ensures that it can cater to the diverse needs of its residents, making a positive impact on their lives. The Corporation's commitment to its residents is unwavering, as it does not engage in the practice of medicine nor render any licensed professional services.
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Impact
October, 2024
Residential Alternatives of Illinois Inc significantly impacts the lives of the elderly and individuals with varying needs by providing essential nursing and assisted living facilities. The organization operates 22 facilities that collectively offer 1,572 beds, ensuring a safe and supportive environment for those in need of care. By focusing on skilled nursing, healthcare, and assisted living services, RAI helps improve the quality of life for its residents, addressing not only their physical health needs but also their emotional well-being.
RAI's commitment to inclusivity means that care is provided without discrimination based on race, religion, color, sex, creed, or national origin. This approach fosters a diverse community where individuals can receive compassionate care tailored to their unique situations. Moreover, the organization plays a crucial role in addressing the growing demand for eldercare services, allowing families peace of mind knowing their loved ones are in capable hands.
The mission of RAI reflects a dedication to charitable purposes, contributing to the greater good by empowering individuals with necessary resources and services. Its comprehensive array of facilities and programs thus creates a positive ripple effect in the community, enhancing the overall standard of care for some of the most vulnerable populations.
This information is meant to be a general summary of Residential Alternatives Of Illinois 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.
- Investment Income: -$258,866
- Program Service Revenue: $81,651,786
- Gross Receipts: $86,405,582
Assets and Liabilities:
- Total Assets: $104,682,392
- Total Liabilities: $74,073,369
- Net Assets: $30,609,023
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE & MEDICAID
Revenue
$44,874,936
PRIVATE PAY RESIDENT SERVICES
Revenue
$36,616,368
OTHER RESIDENT FEES
Revenue
$96,122
MAINTENANCE FEES
Revenue
$64,360
Organization Details
Founding Year
1987
Phone
(309) 343-1550Principal Officer
Ben Mcmahan
Main Address
285 SOUTH FARNHAM STREET, GALESBURG, IL, 614015323
NTEE Category
Code: P73Z - Human services
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