Overview
What is Sanborn Gratiot Memorial Home?
Sanborn Gratiot Memorial Home is a nonprofit organization situated in Port Huron, Michigan. With a mission to cater to senior citizens, they provide safe and affordable assisted living services for those who find it challenging to live independently. Their services aim to ensure the well-being and comfort of elderly individuals by offering a supportive living environment. The nonprofit employs a team of 19 individuals, working diligently to meet the needs of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Sanborn Gratiot Memorial Home's overall score of 82% reflects a strong Accountability & Finance component, indicating a reliable management of funds and resources. The organization boasts a fully independent board, which enhances its governance and decision-making processes. With no material diversion of assets reported, it demonstrates a commitment to transparency and responsible financial practices.
The nonprofit's financial health is further evidenced by a low liabilities-to-assets ratio of 10.24%, suggesting it maintains a solid balance between its obligations and resources. Additionally, it allocates a significant portion of its budget, 78.53%, directly to program expenses, indicating a focus on fulfilling its mission and serving its community effectively.
While the organization has performed well in the areas assessed, the single beacon score does limit a more comprehensive evaluation of its overall impact and effectiveness. Prospective donors can be confident in its financial accountability but may seek additional insights into its program outcomes and community engagement initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Sanborn Gratiot Memorial Home legitimate?
Sanborn Gratiot Memorial Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sanborn Gratiot 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: $470,586
For more financial information, click here
What is the mission statement of Sanborn Gratiot Memorial Home?
The Sanborn Gratiot Memorial Home is committed to providing a secure and affordable living environment for senior citizens who find it challenging to live independently. Their mission is to ensure the safety and well-being of these elderly individuals by offering low-cost assisted living services. This organization strives to help senior citizens maintain their independence while providing the necessary support they need to live comfortably. The core belief of the Sanborn Gratiot Memorial Home is to enhance the quality of life for its senior residents.
Who is the CEO of Sanborn Gratiot Memorial Home?
Nora Arnold is the President of Sanborn Gratiot Memorial Home.
What is the revenue of Sanborn Gratiot Memorial Home?
Sanborn Gratiot Memorial Home's revenue in 2022 was $888,773.
Who are the executives of Sanborn Gratiot Memorial Home and what are their salaries?
The average compensation at Sanborn Gratiot Memorial Home during 2022 was $24,768. There are 19 employees at Sanborn Gratiot Memorial Home.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Sanborn Gratiot Memorial Home?
Sanborn Gratiot Memorial Home's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sanborn Gratiot Memorial Home
Sanborn Gratiot Memorial Home is committed to providing a secure and affordable living environment for senior citizens who find it challenging to live independently. The organization's mission is centered around ensuring the safety and well-being of these elderly individuals who are unable to manage their daily lives on their own. By offering low-cost assisted living services, Sanborn Gratiot Memorial Home aims to make this essential support accessible to a wide range of senior citizens, enabling them to maintain their dignity and independence while receiving the necessary care they require.
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Impact
July, 2024
Sanborn Gratiot Memorial Home provides a crucial service by offering safe and low-cost assisted living to senior citizens who are unable to live alone. This facility in Port Huron, MI, plays a vital role in supporting the elderly population by providing them with a secure and supportive living environment. The impact of Sanborn Gratiot Memorial Home extends beyond just housing, as it also offers essential care and assistance to seniors in need, promoting their overall well-being and quality of life. By fulfilling its mission of providing safe and affordable assisted living, this organization positively affects the lives of senior citizens and their families in the community.
This information is meant to be a general summary of Sanborn Gratiot 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: $10,997
- Gross Receipts: $888,773
Assets and Liabilities:
- Total Assets: $822,774
- Total Liabilities: $84,294
- Net Assets: $738,480
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Organization Details
Founding Year
1944
Phone
(810) 985-5631Principal Officer
Nora Arnold
Main Address
2732 CHERRY STREET, PORT HURON, MI, 48060
NTEE Category
Code: L22 - Housing
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