Overview
What is Orchard Terrace Non-Profit Elderly?
Orchard Terrace Non-Profit Elderly is a housing corporation situated with the primary objective of offering residential accommodations for senior citizens. Their mission encompasses providing housing solutions for the elderly, ensuring the establishment of retirement communities that cater to this age group's unique needs. By taking on this role, they contribute significantly to the elderly population's well-being and comfort.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% - Four-Star out of Four Star rating.
Orchard Terrace Non-Profit Elderly has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial integrity. The organization scored 90% in its Accountability & Finance category, indicating effective management of resources and transparency in operations. The overall score is derived from a single beacon score that emphasizes the importance of financial responsibility.
One of the organization's notable strengths is its fully independent board, which consists of 9 members, demonstrating governance practices that promote objectivity and accountability. Additionally, Orchard Terrace has established robust policies, including conflict of interest guidelines and document retention protocols, which enhance its operational integrity. The organization has effectively avoided any material diversion of assets, ensuring that funds are directed towards its mission.
However, it is essential to recognize that the ratings are solely based on financial metrics and governance practices. There is no information provided on programmatic outcomes or impact assessments, which are critical for understanding the effectiveness of services provided to the elderly community. Nonetheless, the organization's strong financial practices are a positive sign for potential donors and stakeholders looking to support a reputable nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Orchard Terrace Non-Profit Elderly legitimate?
Orchard Terrace Non-Profit Elderly is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orchard Terrace Non-Profit Elderly 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: $94,889
For more financial information, click here
What is the mission statement of Orchard Terrace Non-Profit Elderly?
Orchard Terrace Non-Profit Elderly, as a housing corporation, is committed to serving senior citizens by offering them suitable housing and retirement communities. Their primary mission is dedicated to providing a home for the elderly, ensuring their needs are met and their golden years are spent in comfort and security. The organization focuses on creating an environment that caters to the unique needs of elderly residents, promoting a sense of community and well-being. Their initiatives aim to enhance the living standards and quality of life for the elderly, making their retirement years enjoyable and fulfilling.
Who is the CEO of Orchard Terrace Non-Profit Elderly?
Pete White is the President of Orchard Terrace Non-Profit Elderly.
What is the revenue of Orchard Terrace Non-Profit Elderly?
Orchard Terrace Non-Profit Elderly's revenue in 2022 was $476,995.
Who are the executives of Orchard Terrace Non-Profit Elderly and what are their salaries?
The average compensation at Orchard Terrace Non-Profit Elderly during 2022 was $31,630. There are 3 employees at Orchard Terrace Non-Profit Elderly.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Orchard Terrace Non-Profit Elderly?
Orchard Terrace Non-Profit Elderly's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Orchard Terrace Non-Profit Elderly
Orchard Terrace Non-Profit Elderly is dedicated to serving the elderly population by providing them with housing and retirement communities. Their mission is centered around ensuring that senior citizens have access to suitable living spaces, thereby contributing to their overall well-being and retirement needs. The organization operates with the primary objective of providing housing for the elderly, thereby making a significant impact on their quality of life. By offering housing solutions, Orchard Terrace Non-Profit Elderly aims to foster a sense of community and security among its elderly residents, thereby enabling them to live comfortably and with dignity.
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Impact
July, 2024
Orchard Terrace in Tecumseh, Michigan provides vital housing for the elderly, offering retirement communities that cater to the specific needs of senior citizens. Through its mission of providing housing for the elderly, Orchard Terrace plays a crucial role in supporting the well-being and quality of life of older adults in the community. By offering safe and comfortable housing options, Orchard Terrace helps seniors to live independently and with dignity. This impact extends beyond just providing a physical space, as it also fosters a sense of community and support among residents, promoting social connections and overall wellness among the elderly population. In essence, Orchard Terrace's work contributes significantly to enhancing the lives of senior citizens in Tecumseh and upholding their rights to dignified and secure housing in their later years.
This information is meant to be a general summary of Orchard Terrace Non-Profit Elderly. 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: $6,479
- Program Service Revenue: $160,804
- Gross Receipts: $476,995
Assets and Liabilities:
- Total Assets: $1,962,689
- Total Liabilities: $268,362
- Net Assets: $1,694,327
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant rent
Revenue
$160,804
Organization Details
Founding Year
1979
Principal Officer
Pete White
Main Address
205 S Adrian St, Tecumseh, MI, 49286
NTEE Category
Code: L22Z - Housing
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