Overview
What is Northland Terrace Estates Inc?
Northland Terrace Estates Inc is a nonprofit organization located in Marinette, Wisconsin. Its primary mission is to assist elderly individuals in maintaining their independent living style by offering various housing services, such as one- and two-bedroom apartments and single-family homes. The organization, with an on-site beauty shop, prioritizes residents for admission to assisted living facilities or skilled nursing facilities if needed. The nonprofit houses 81 units, tailored to the specific needs of the elderly, aiming to provide affordable living that contributes to the broader community of care provided by Northland Lutheran Retirement Community Inc.
Official website here: www.northlandlutheranwi.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. Overall score: 66%, earning a Two-Star out of Four Star rating. The rating reflects concerns regarding the nonprofit's accountability and financial practices, particularly due to the lack of financial statements, which significantly impacted its score in that category.
Despite these limitations, Northland Terrace Estates Inc demonstrates strong governance with 100% of its board members being independent. The organization has solid policies in place, including a conflict of interest policy and a whistleblower policy, both of which are essential for maintaining transparency and ethical standards. Additionally, the program expense ratio is high at 92.10%, indicating a substantial portion of funds is directed towards its programs rather than administrative costs.
However, the liabilities to assets ratio raises concerns, reported at 80.53%, suggesting potential financial stability issues. Overall, while the organization has strengths in governance and program expenses, significant improvements are needed in financial reporting and stability to enhance its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Northland Terrace Estates Inc legitimate?
Northland Terrace Estates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northland Terrace Estates 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: $0
For more financial information, click here
Official website here: www.northlandlutheranwi.com
What is the mission statement of Northland Terrace Estates Inc?
Northland Terrace Estates Inc is committed to providing affordable living for independent elderly adults, incorporating them into a broader community care system offered by Northland Lutheran Retirement Community Inc. The organization offers various housing services tailored to the needs and physical capabilities of the elderly, including one- and two-bedroom apartments and single-family homes. The aim is to help maintain an independent living style for the elderly residents. If the need arises, residents are given priority for admission to assisted living facilities or skilled nursing facilities. Overall, Northland Terrace Estates Inc focuses on offering housing solutions that support the well-being and independence of elderly individuals.
Official website here: www.northlandlutheranwi.com
Who is the CEO of Northland Terrace Estates Inc?
Darrell Lancour is the CEO of Northland Terrace Estates Inc The CEO's salary of Northland Terrace Estates Inc is $0 and their total compensation is $122,565.
Official website here: www.northlandlutheranwi.com
What is the revenue of Northland Terrace Estates Inc?
Northland Terrace Estates Inc's revenue in 2023 was $903,127.
Official website here: www.northlandlutheranwi.com
Who are the executives of Northland Terrace Estates Inc and what are their salaries?
There 3 volunteers at Northland Terrace Estates Inc.
Here are 4 key members and their salaries (Northland Terrace Estates Inc's CEO's salary is $0 and their total compensation is $122,565):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $109,460
- Other: $13,105
Official website here: www.northlandlutheranwi.com
Where can I find the form 990 for Northland Terrace Estates Inc?
Northland Terrace Estates Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.northlandlutheranwi.com
Learn more at the official website: www.northlandlutheranwi.com
Mission Statement of Northland Terrace Estates Inc
Northland Terrace Estates Inc is a nonprofit organization committed to providing affordable living for independent elderly adults. Its mission is to offer housing services specifically tailored to meet the unique needs and physical capabilities of the elderly. By offering one and two-bedroom apartments and single-family homes, Northland Terrace Estates Inc aims to help its residents maintain an independent living style. When the need arises, the organization provides its residents with preferential treatment for admission to either an assisted living facility or a skilled nursing facility. In addition to providing housing, Northland Terrace Estates Inc also offers on-site amenities, such as a beauty shop, to enhance the living experience of its elderly residents, making it a vital part of the overall community of care offered by Northland Lutheran Retirement Community Inc.
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Impact
July, 2024
Northland Terrace Estates Inc's impact is significant in providing 81 units of various housing services tailored specifically for the elderly. These housing arrangements include one and two-bedroom apartments as well as single-family homes, all designed to support the independent living style of elderly individuals. The apartment complex even features an onsite beauty shop for residents' convenience. Additionally, Northland Terrace Estates ensures that residents receive preferential treatment for admission to assisted living or skilled nursing facilities if the need arises. By offering affordable living options for independent elderly adults, Northland Terrace Estates plays a crucial role in the broader community of care provided by Northland Lutheran Retirement Community Inc.
This information is meant to be a general summary of Northland Terrace Estates 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 2023.
- Investment Income: $18,008
- Program Service Revenue: $867,572
- Gross Receipts: $903,127
Assets and Liabilities:
- Total Assets: $4,501,982
- Total Liabilities: $3,625,539
- Net Assets: $876,443
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$652,492
RENTAL INCOME
Revenue
$214,805
Organization Details
Founding Year
1985
Principal Officer
Darrell Lancour
Website
www.northlandlutheranwi.comNTEE Category
Code: P75 - Human services
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