Overview
What is Carmel Residence Inc?
Carmel Residence Inc, situated in Oshkosh, Wisconsin, is a nonprofit organization dedicated to providing high-quality, independent living facilities for aging individuals. With a total of 70 units, the residence offers a supportive and nurturing environment for its residents. As part of a broader family of healthcare and residential service organizations, Carmel Residence Inc is committed to enhancing the lives of its residents and individuals in need, all within a compassionate, Christian atmosphere.
Official website here: www.miravidaliving.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Carmel Residence Inc has received a solid Three-Star rating from Charity Navigator, indicating a strong level of accountability and finance management. The overall score is derived entirely from the Accountability & Finance beacon, where the organization scored an impressive 81%. This rating reflects the charity's commitment to transparency and good governance practices.
The organization demonstrates robust governance, with 100% of its board members being independent, ensuring impartiality in decision-making. Furthermore, it has an effective audit and oversight committee, and it maintains essential policies such as conflict of interest and whistleblower policies, which enhance its operational integrity. Additionally, the charity has shown a commendable program expense ratio of 81.09%, indicating that a significant portion of its funding is directed towards its programs and services.
While the overall rating is favorable, it is important for potential donors to consider the specific areas of impact and the charity's effectiveness in achieving its mission. The high marks in accountability are promising, yet prospective supporters may want to look into the charity's program outcomes and community impact to gauge its overall effectiveness fully.
This AI summary has been generated from information found on Charity Navigator.
Is Carmel Residence Inc legitimate?
Carmel Residence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carmel Residence 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $254,034
For more financial information, click here
Official website here: www.miravidaliving.com
What is the mission statement of Carmel Residence Inc?
Carmel Residence Inc, being part of a broader network of healthcare and residential service organizations, is committed to delivering high-quality care and enriching opportunities for the aging population and those in need of a nurturing, Christian environment. Their primary mission is to provide housing for the elderly. In line with this, Carmel Residence Inc offers independent living facilities, catering to the needs of aging individuals. With 70 independent living units at their disposal, they strive to create a living space that fosters independence and enhances the quality of life for their residents.
Official website here: www.miravidaliving.com
Who is the CEO of Carmel Residence Inc?
Theresa M Bertram is the Board Member of Carmel Residence Inc. The CEO's salary of Carmel Residence Inc is $0 and their total compensation is $395,232.
Official website here: www.miravidaliving.com
What is the revenue of Carmel Residence Inc?
Carmel Residence Inc's revenue in 2022 was $913,349.
Official website here: www.miravidaliving.com
Who are the executives of Carmel Residence Inc and what are their salaries?
There 10 volunteers at Carmel Residence Inc.
Here are 11 key members and their salaries (Carmel Residence Inc's CEO's salary is $0 and their total compensation is $395,232):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $395,232
- Other: $0
Official website here: www.miravidaliving.com
Where can I find the form 990 for Carmel Residence Inc?
Carmel Residence Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.miravidaliving.com
Learn more at the official website: www.miravidaliving.com
Mission Statement of Carmel Residence Inc
Carmel Residence Inc, a part of a family of healthcare and residential service organizations, is dedicated to providing quality care and enriching opportunities for the aging population and those in need of a caring, Christian environment. The organization's mission is to offer independent living facilities for aging persons, creating an environment that caters to their needs. Carmel Residence Inc houses 70 independent living units, ensuring that older adults can maintain their independence while being surrounded by care and support. The entity is committed to enhancing the lives of its residents, providing them with a sense of community and a space to thrive.
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Impact
July, 2024
Carmel Residence Inc's impact is significant in providing housing for aging persons in Oshkosh, WI. With 70 independent living units, the organization offers a caring and Christian environment for the elderly. Through its mission of providing quality care and life-enriching opportunities, Carmel Residence Inc plays a crucial role in supporting the aging population and those in need of a supportive living space.
This information is meant to be a general summary of Carmel Residence 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: $4,317
- Program Service Revenue: $723,198
- Gross Receipts: $913,349
Assets and Liabilities:
- Total Assets: $3,886,862
- Total Liabilities: $2,734,025
- Net Assets: $1,152,837
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT OPERATIONS
Revenue
$603,174
ENTRANCE FEE REVENUES
Revenue
$70,861
GARAGE RENT
Revenue
$23,590
OFFICE RENT
Revenue
$15,000
GUEST ROOM RENT
Revenue
$10,573
Organization Details
Founding Year
1988
Phone
(920) 235-4653Principal Officer
Theresa M Bertram
Main Address
220 NORTH WESTFIELD STREET, OSHKOSH, WI, 54902
Website
www.miravidaliving.comNTEE Category
Code: L220 - Housing
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