Overview
What is Morrow Memorial Home For The Aged Inc?
Morrow Memorial Home For The Aged Inc is a nonprofit organization based in Sparta, Wisconsin. They provide nursing care services for private pay, Medicare, and Medicaid patients, and offer independent living services for the elderly. The organization manages an 80-bed nursing facility, as well as Parkview, a complex with 22 independent apartments and services, Marycrest, a 24-unit Residential Care Apartment Complex (RCAC), Bridgepath, a 28-unit Community Based Residential Facility (CBRF), and a 36-unit RCAC known as Creekside. The mission of Morrow Memorial Home For The Aged Inc includes nursing facility, assisted living units, independent housing, and community residential facility services. The organization employs a total of 293 individuals.
Official website here: www.morrowhome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Morrow Memorial Home For The Aged Inc has achieved an 83% rating from Charity Navigator, which indicates a solid level of accountability and financial health. This rating reflects a strong emphasis on governance, with a fully independent board and robust policies in place, including conflict of interest and whistleblower protections. The organization also maintains transparency by listing its website on its tax form and documenting board meeting minutes.
The financial management appears sound, with a high program expense ratio of 86.27%, suggesting that a significant portion of its budget is directed towards its mission. However, there is a noted area of concern regarding the liabilities to assets ratio, which stands at 67.02%. This indicates potential financial risk, as it suggests a relatively high level of liabilities in comparison to the organization's assets.
Overall, Morrow Memorial Home For The Aged Inc demonstrates a commitment to transparency and effective governance, making it a trustworthy option for potential donors. While there are some financial risks that may warrant further attention, the organization's strong accountability metrics and focus on program funding are commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Morrow Memorial Home For The Aged Inc legitimate?
Morrow Memorial Home For The Aged Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morrow Memorial Home For The Aged 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:
Executive Compensation: $261,902
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,320,340
For more financial information, click here
Official website here: www.morrowhome.org
What is the mission statement of Morrow Memorial Home For The Aged Inc?
Morrow Memorial Home For The Aged Inc operates various facilities to cater to the needs of elderly individuals. These facilities include an 80-bed nursing home, 22 independent apartments with services, a 24-unit residential care apartment complex, a 28-unit community-based residential facility, and a 36-unit residential care apartment complex. The organization's mission is to provide care and housing options tailored to the unique needs of seniors, enabling them to live comfortably and receive necessary support. Through its facilities, Morrow Memorial Home For The Aged Inc offers a range of services aimed at enhancing the quality of life for its residents, ensuring they receive the appropriate level of care as they age.
Official website here: www.morrowhome.org
Who is the CEO of Morrow Memorial Home For The Aged Inc?
Daniel Meyer is the President of Morrow Memorial Home For The Aged Inc. The CEO's salary of Morrow Memorial Home For The Aged Inc is $155,596 and their total compensation is $163,365.
Official website here: www.morrowhome.org
What is the revenue of Morrow Memorial Home For The Aged Inc?
Morrow Memorial Home For The Aged Inc's revenue in 2022 was $12,396,984.
Official website here: www.morrowhome.org
Who are the executives of Morrow Memorial Home For The Aged Inc and what are their salaries?
The average compensation at Morrow Memorial Home For The Aged Inc during 2022 was $22,465. There are 293 employees and 60 volunteers at Morrow Memorial Home For The Aged Inc.
Here are 28 key members and their salaries (Morrow Memorial Home For The Aged Inc's CEO's salary is $155,596 and their total compensation is $163,365):
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- Compensation: $155,596
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- Compensation: $121,518
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- Other: $6,535
Official website here: www.morrowhome.org
Where can I find the form 990 for Morrow Memorial Home For The Aged Inc?
Morrow Memorial Home For The Aged Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.morrowhome.org
Learn more at the official website: www.morrowhome.org
Mission Statement of Morrow Memorial Home For The Aged Inc
Morrow Memorial Home For The Aged, Inc. is a reputable organization that provides various living arrangements for the elderly. Its mission encompasses the operation of an 80-bed nursing facility, 22 independent apartments named Parkview, a 24-unit Residential Care Apartment Complex (RCAC) called Marycrest, a 28-unit Community Based Residential Facility (CBRF) named Bridgepath, and a 36-unit RCAC known as Creekside.
In the heart of caring for the elderly population, Morrow Memorial Home For The Aged, Inc. offers multiple options to accommodate the diverse needs of seniors. The nursing facility under its wing is designed to provide round-the-clock medical care and attention to those requiring constant supervision. The independent apartments, Parkview, cater to seniors who prefer living in their own space but still desire access to essential services.
Moreover, the organization manages two Residential Care Apartment Complexes, Marycrest and Bridgepath, which offer residential living with assisted care. These facilities aim to maintain the independence and dignity of seniors while ensuring their safety and wellbeing. The CBRF, Bridgepath, and the 36-unit RCAC, Creekside, are further testament to Morrow Memorial Home For The Aged, Inc.'s commitment to catering to the diverse needs of the elderly population. By providing these comprehensive living arrangements, Morrow Memorial Home For The Aged, Inc. contributes significantly to enhancing the quality of life for the elderly and enabling them to age with dignity and comfort.
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Impact
October, 2024
Morrow Memorial Home For The Aged Inc significantly enhances the quality of life for elderly individuals in Sparta, Wisconsin, by providing a comprehensive range of living and care options. By operating an 80-bed nursing facility, it offers skilled and intermediate nursing care tailored to meet the diverse needs of private pay, Medicare, and Medicaid patients.
In addition, the organization supports independent living through the Parkview apartments, which cater to seniors seeking autonomy while benefiting from available services. The residential care options, including Marycrest, Bridgepath, and Creekside, provide safe, community-oriented environments that foster connection and well-being among residents.
Overall, Morrow Memorial Home enriches the lives of seniors by ensuring they receive compassionate care, a sense of community, and access to various living arrangements, thereby promoting dignity and independence in their golden years.
This information is meant to be a general summary of Morrow Memorial Home For The Aged 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: $161,027
- Program Service Revenue: $11,251,373
- Gross Receipts: $12,478,055
Assets and Liabilities:
- Total Assets: $27,243,192
- Total Liabilities: $18,260,265
- Net Assets: $8,982,927
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT REVENUE
Revenue
$7,464,937
ADVANCED MEMORY CARE
Revenue
$1,551,090
APARTMENT REVENUE
Revenue
$1,197,929
ASSISTED LIVING
Revenue
$1,037,417
Organization Details
Founding Year
1917
Phone
(608) 269-3168Principal Officer
Daniel Meyer
Main Address
331 SOUTH WATER STREET, SPARTA, WI, 54656
Website
www.morrowhome.orgNTEE Category
Code: P750 - Human services
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