Overview
What is Rachel Sovereign Memorial Home?
Rachel Sovereign Memorial Home is a nonprofit organization, specifically dedicated to the well-being of elderly women. Situated within its facilities, this organization offers a secure living environment, fundamental needs such as meals, and dedicated care services. Their primary mission is to ensure the safety and comfort of these elderly women, providing them with a nurturing home environment. The organization's programs primarily involve offering room and board to its residents, ensuring their daily needs are met with compassion and care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%
The Rachel Sovereign Memorial Home has received a Three-Star out of Four Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. With a score of 79%, this rating reflects the charity's commitment to transparent and responsible financial practices, with a perfect score for having an independent board and no material diversion of assets.
Strengths of the organization include a strong accountability framework, highlighted by policies on conflicts of interest, whistleblower protections, and document retention. Additionally, the charity demonstrates effective financial management with a high program expense ratio of 90.89%, indicating that the majority of its expenses are directed toward its programs rather than administrative costs.
While the overall rating is commendable, it is important for potential donors to consider if other aspects such as program impact and community feedback are also aligned with their philanthropic goals. The Rachel Sovereign Memorial Home has established a solid foundation, but like any organization, ongoing evaluation and transparency will be crucial for its sustained success and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Rachel Sovereign Memorial Home legitimate?
Rachel Sovereign Memorial Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rachel Sovereign Memorial Home 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: $522,445
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What is the mission statement of Rachel Sovereign Memorial Home?
Rachel Sovereign Memorial Home's mission is centered around creating a secure environment for the elderly women residing there. The primary objective is to provide housing, meals, and care services to these women, ensuring their well-being and safety. The facility offers various programs, including accommodations, aimed at meeting the residents' needs effectively.
Who is the CEO of Rachel Sovereign Memorial Home?
Mary Donnelly is the Assistant Treasurer of Rachel Sovereign Memorial Home.
What is the revenue of Rachel Sovereign Memorial Home?
Rachel Sovereign Memorial Home's revenue in 2022 was $858,712.
Who are the executives of Rachel Sovereign Memorial Home and what are their salaries?
The average compensation at Rachel Sovereign Memorial Home during 2022 was $16,326. There are 32 employees at Rachel Sovereign Memorial Home.
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Where can I find the form 990 for Rachel Sovereign Memorial Home?
Rachel Sovereign Memorial Home's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rachel Sovereign Memorial Home
Rachel Sovereign Memorial Home is dedicated to creating a secure environment for the housing, feeding, and care of elderly women. This nonprofit organization's mission is to ensure that aged women are provided with a safe and nurturing space, where they can receive essential services, such as room and board. By offering these facilities, Rachel Sovereign Memorial Home plays a vital role in supporting the well-being of elderly women, providing them with a sense of security and care during their later years.
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Impact
July, 2024
Rachel Sovereign Memorial Home's impact is significant in providing a safe and secure environment for elderly women in Bay City, MI. By offering housing, feeding, and caring services, the home ensures that these women receive the support and assistance they need in their later years. Through its programs, such as providing room and board, the home plays a crucial role in enhancing the quality of life for the residents, allowing them to live with dignity and comfort. The home's mission to care for aged women underscores its commitment to serving this vulnerable population and making a positive difference in their lives.
This information is meant to be a general summary of Rachel Sovereign Memorial Home. 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: $19,019
- Program Service Revenue: $706,100
- Gross Receipts: $1,016,400
Assets and Liabilities:
- Total Assets: $853,016
- Total Liabilities: $24,056
- Net Assets: $828,960
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM RENT
Revenue
$706,100
Organization Details
Founding Year
1958
Phone
(989) 893-6890Principal Officer
Mary Donnelly
Main Address
1014 CENTER AVENUE, BAY CITY, MI, 48708
NTEE Category
Code: P75Z - Human services
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