Overview
What is The Parkside Of Morton Inc?
The Parkside of Morton Inc, established in Morton, Illinois, is a nonprofit organization with a mission to offer an affordable retirement community for individuals aged 55 and above. It aims to provide a comfortable living space for seniors, focusing on affordability as a key aspect of its services. The organization's primary goal is to cater to the unique needs and preferences of this demographic, ensuring they can enjoy their retirement years in a secure and cost-effective environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, earning a Two-Star out of Four Star rating
The Parkside Of Morton Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its financial health and transparency. The organization exhibits strengths in its governance, with an independent board and high scores in areas like accountability and finance. The program expense ratio is commendable at 87.08%, reflecting a strong commitment to its mission and efficient use of funds.
However, the organization faces significant challenges, particularly in its liabilities to assets ratio, which sits at an alarming 209.71%, indicating potential financial instability. Additionally, key transparency elements such as a missing whistleblower policy and absent tax form postings on their website negatively impact their accountability score. These limitations suggest areas where the organization could improve to bolster trust and ensure better operational health.
Overall, while The Parkside Of Morton Inc demonstrates effective program spending and governance, it must address its financial liabilities and enhance transparency practices to improve its overall rating and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Parkside Of Morton Inc legitimate?
The Parkside Of Morton Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Parkside Of Morton 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: $93,957
For more financial information, click here
What is the mission statement of The Parkside Of Morton Inc?
The organization, The Parkside of Morton Inc., is committed to providing an affordable retirement community for individuals aged 55 and above. Its primary mission is to cater to this demographic, ensuring they have a suitable living arrangement during their retirement years. By offering an affordable option, the organization aims to make retirement living more accessible for a wider range of individuals. The community likely provides various amenities and services tailored to the needs of its elderly residents, fostering a comfortable and relaxed environment for their golden years.
What is the revenue of The Parkside Of Morton Inc?
The Parkside Of Morton Inc's revenue in 2023 was $481,432.
Who are the executives of The Parkside Of Morton Inc and what are their salaries?
There 8 volunteers at The Parkside Of Morton Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $92,702
- Other: $19,758
Where can I find the form 990 for The Parkside Of Morton Inc?
The Parkside Of Morton Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Parkside Of Morton Inc
The Parkside of Morton Inc is an organization dedicated to providing an affordable retirement community for individuals aged 55 and above. Its mission is centered around ensuring that senior citizens have access to a comfortable living environment during their retirement years. By offering this affordable option, The Parkside of Morton Inc aims to make retirement more attainable for a wider range of individuals, thereby promoting a sense of security and independence among the elderly population.
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Impact
July, 2024
The Parkside of Morton Inc has a significant impact on the community by providing an affordable retirement community for individuals aged 55 and above in Morton, IL. This organization plays a vital role in ensuring that seniors have access to housing that meets their needs while also fostering a sense of community and support during their retirement years. The Parkside of Morton Inc's commitment to serving this demographic aligns with its mission to enhance the quality of life for older adults and provide essential human services to ensure their well-being.
This information is meant to be a general summary of The Parkside Of Morton 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: $34,285
- Program Service Revenue: $447,147
- Gross Receipts: $481,432
Assets and Liabilities:
- Total Assets: $3,352,247
- Total Liabilities: $6,761,708
- Net Assets: -$3,409,461
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATING REVENUE
Revenue
$447,147
Organization Details
Founding Year
1991
Principal Officer
Mike Kaiser
NTEE Category
Code: P75Z - Human services
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