Overview
What is St Claras Senior Services Inc?
St. Claras Senior Services Inc is a supporting organization based in Lincoln, Illinois, with an address at 1450 Castle Manor Drive. Their primary mission involves aiding St. Clara's Manor Inc and Castle Manor Inc by offering favorable rental rates for their nursing home operations and providing charitable loans with low-interest rates, respectively. In addition, St. Claras Senior Services Inc promotes operational efficiency by merging payrolls for health insurance and pension plans for both organizations. Essentially, this nonprofit organization plays a crucial role in supporting the operations of nursing homes and supportive living facilities, ensuring they can provide essential services to their residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating
St. Clara’s Senior Services Inc has earned an impressive Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The organization scored 90% overall, with all points derived from a comprehensive accountability and finance evaluation. This high score reflects a well-managed charity with transparent financial practices and governance.
The organization boasts an entirely independent board, showcasing its commitment to unbiased oversight. Additionally, it has robust mechanisms in place, such as an established conflict of interest policy and a whistleblower policy. Its financial health is also commendable, evidenced by a solid program expense ratio of 93.69%, which indicates that a significant portion of its funds directly supports its programs and services.
While the financial liabilities to assets ratio stands at 54.72%, which suggests potential caution regarding its financial leverage, the absence of material asset diversion and thorough auditing processes are strong indicators of fiscal responsibility. Overall, St. Clara’s Senior Services Inc appears to be a trustworthy and effective organization dedicated to serving senior citizens.
This AI summary has been generated from information found on Charity Navigator.
Is St Claras Senior Services Inc legitimate?
St Claras Senior Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Claras Senior 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:
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What is the mission statement of St Claras Senior Services Inc?
St. Claras Senior Services Inc serves as a supporting organization for two facilities, a nursing home and a supportive living facility. Its primary mission is to provide charitable support to these organizations. Specifically, it rents property to St. Clara's Manor Inc at a reduced rate, and lends funds to Castle Manor Inc at a charitable interest rate. Furthermore, St. Claras Senior Services Inc facilitates payroll efficiencies for both organizations by combining their health insurance and pension processes. This collective approach ultimately aims to enhance the operational efficiency and financial sustainability of these healthcare facilities.
Who is the CEO of St Claras Senior Services Inc?
Donna Boyd is the Board Member of St Claras Senior Services Inc.
What is the revenue of St Claras Senior Services Inc?
St Claras Senior Services Inc's revenue in 2022 was $1,069,351.
Who are the executives of St Claras Senior Services Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for St Claras Senior Services Inc?
St Claras Senior Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Claras Senior Services Inc
St. Clara's Senior Services Inc serves as a supporting organization for nursing homes and supportive living facilities. Its primary mission is to aid St. Clara's Manor, Inc and Castle Manor, Inc in their operations. St. Clara's Senior Services Inc accomplishes this by renting its property to St. Clara's Manor, Inc at a charitable rate. Furthermore, the organization extends financial support to Castle Manor, Inc, offering loans with favorable interest rates. In addition to these financial contributions, St. Clara's Senior Services Inc also consolidates payrolls for health insurance and pension benefits with both organizations, thereby promoting operational efficiencies. This collaborative approach allows St. Clara's Senior Services Inc to contribute significantly to the well-being and sustainability of nursing homes and supportive living facilities under its care.
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Impact
July, 2024
St. Claras Senior Services Inc plays a crucial role in supporting St. Clara's Manor, Inc and Castle Manor, Inc in Lincoln, IL. By renting the property used for the nursing home at a charitable rate and providing loans with charitable interest rates, this organization enables both facilities to operate effectively. Additionally, by combining payrolls for health insurance and pension efficiencies, St. Claras Senior Services Inc contributes to the overall sustainability of these healthcare institutions. Its impact is significant in ensuring the provision of quality care for seniors in the community.
This information is meant to be a general summary of St Claras Senior 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: $104,247
- Gross Receipts: $2,003,490
Assets and Liabilities:
- Total Assets: $22,307,083
- Total Liabilities: $12,207,574
- Net Assets: $10,099,509
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Organization Details
Founding Year
1963
Phone
(217) 735-1507Principal Officer
Donna Boyd
Main Address
1450 CASTLE MANOR DRIVE, LINCOLN, IL, 62656
NTEE Category
Code: E91 - Health
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