Overview
What is Heritage Community Of Kalamazoo?
Heritage Community of Kalamazoo is a distinguished nonprofit organization, functioning as a senior living provider. Their primary role involves coordinating and planning administration for various related entities, all of which are 501c3 corporations. They perform these duties at costs that closely mirror actual expenses. The organization's mission is to stand out as a premier senior living provider, by celebrating the overall well-being of individuals while maintaining strong family connections and collaborating with the local community. They offer primary support to other organizations, contributing to their operations.
Official website here: www.heritagecommunity.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 1 Star (56%)
Heritage Community of Kalamazoo has received a one-star rating from Charity Navigator, indicating significant concerns regarding its financial management. While the organization demonstrates strengths in governance, with a fully independent board and comprehensive policies on conflict of interest and whistleblowing, it struggles in key financial areas. The high liabilities to assets ratio and low program expense ratio suggest that a substantial portion of its funds may not be allocated towards direct programming or services.
The organization has shown compliance in areas such as transparency and accountability, evidenced by its independent board and the availability of essential documents on its website. However, the low percentage of program expenses indicates that a considerable amount of funding may be tied up in administrative costs rather than benefiting the community directly. This raises questions about the overall impact of their efforts.
In summary, while Heritage Community of Kalamazoo is structurally sound in terms of governance, its financial performance is concerning, limiting its effectiveness in fulfilling its mission. Potential donors may want to consider these factors when deciding their level of support.
This AI summary has been generated from information found on Charity Navigator.
Is Heritage Community Of Kalamazoo legitimate?
Heritage Community Of Kalamazoo is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heritage Community Of Kalamazoo 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: $1,023,397
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,625,406
For more financial information, click here
Official website here: www.heritagecommunity.com
What is the mission statement of Heritage Community Of Kalamazoo?
Heritage Community of Kalamazoo aims to serve as the leading senior living provider, celebrating the individual as a whole. They prioritize family involvement and work closely with the community. Their mission extends to coordinating and managing administrative tasks for related 501c3 entities at cost-effective prices. Additionally, they offer primary support to other organizations.
Official website here: www.heritagecommunity.com
Who is the CEO of Heritage Community Of Kalamazoo?
Rachel Olmsted is the Ceo of Heritage Community Of Kalamazoo. The CEO's salary of Heritage Community Of Kalamazoo is $0 and their total compensation is $329,049.
Official website here: www.heritagecommunity.com
What is the revenue of Heritage Community Of Kalamazoo?
Heritage Community Of Kalamazoo's revenue in 2022 was $4,556,298.
Official website here: www.heritagecommunity.com
Who are the executives of Heritage Community Of Kalamazoo and what are their salaries?
The average compensation at Heritage Community Of Kalamazoo during 2022 was $43,423. There are 61 employees at Heritage Community Of Kalamazoo.
Here are 20 key members and their salaries (Heritage Community Of Kalamazoo's CEO's salary is $0 and their total compensation is $329,049):
- Compensation: $0
- Related: $324,773
- Other: $4,276
- Compensation: $0
- Related: $200,822
- Other: $4,276
- Compensation: $0
- Related: $159,990
- Other: $11,717
- Compensation: $0
- Related: $141,874
- Other: $10,544
- Compensation: $0
- Related: $126,502
- Other: $11,717
- Compensation: $0
- Related: $129,199
- Other: $5,000
- Compensation: $0
- Related: $109,510
- Other: $16,221
- Compensation: $0
- Related: $109,278
- Other: $11,465
- Compensation: $0
- Related: $101,800
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.heritagecommunity.com
Where can I find the form 990 for Heritage Community Of Kalamazoo?
Heritage Community Of Kalamazoo's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.heritagecommunity.com
Learn more at the official website: www.heritagecommunity.com
Mission Statement of Heritage Community Of Kalamazoo
Heritage Community of Kalamazoo, as a leading senior living provider, is committed to celebrating the individuality and holism of its residents while fostering strong relationships with families and the broader community. The organization's mission is to serve as a premier provider, going beyond the conventional aspects of senior living to embrace the emotional, social, and physical well-being of its residents. By partnering with families and the community, Heritage Community of Kalamazoo aims to create an environment that not only supports seniors in their golden years but also encourages them to flourish and maintain their independence. The organization takes on this mission by coordinating and administering related entities, all of which are 501c3 corporations, at costs that closely reflect their actual expenses. This approach ensures that the organization's resources are utilized effectively and efficiently, allowing it to focus on delivering high-quality senior living services.
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Impact
July, 2024
Heritage Community Of Kalamazoo's impact lies in being the premier senior living provider that celebrates the whole person while embracing families and partnering with the community. By coordinating and planning administration of related entities and performing fiscal and administrative functions for those entities, they support the well-being of seniors and their families. Additionally, their programs offer primary support to other organizations, contributing to the overall welfare of the community. Their commitment to human services reflects a dedication to enhancing the quality of life for seniors and fostering a supportive environment for all.
This information is meant to be a general summary of Heritage Community Of Kalamazoo. 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: $800
- Program Service Revenue: $4,512,902
- Gross Receipts: $4,585,829
Assets and Liabilities:
- Total Assets: -$4,368,318
- Total Liabilities: $747,259
- Net Assets: -$5,115,577
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$4,493,726
MEMORY CARE LEARNING CENTER
Revenue
$19,176
Organization Details
Founding Year
1989
Phone
(269) 382-1255Principal Officer
Rachel Olmsted
Main Address
2400 PORTAGE STREET, KALAMAZOO, MI, 49001
Website
www.heritagecommunity.comNTEE Category
Code: P81B - Human services
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