Overview
What is Beloit Assisted Living Inc?
Beloit Assisted Living Inc., situated in Beloit, Wisconsin, is a nonprofit organization dedicated to catering to the housing needs of elderly individuals and those with disabilities. Specifically, they operate a 30-unit housing project, providing accommodations designed to meet the unique physical, social, and psychological needs of their residents. By offering these facilities and services, the organization aims to promote the health, security, happiness, and overall well-being of its senior and handicapped population, thereby enabling them to live longer, fulfilling lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
Beloit Assisted Living Inc has achieved a strong 94% rating from Charity Navigator, which reflects its commitment to accountability and financial health. The organization received its score entirely based on its performance in the Accountability & Finance beacon, indicating a robust governance structure and effective resource management.
The organization boasts a majority of independent board members, ensuring impartial oversight. Its policies, including conflict of interest and whistleblower protections, are well-established, contributing to a transparent operating environment. Additionally, Beloit Assisted Living Inc has a solid financial foundation, with a program expense ratio of 75.59%, meaning that a significant portion of its funds is allocated directly to its services.
While the data highlights many strengths, it's essential to consider that evaluations are based on the most recent fiscal year, FY2022, and ongoing performance will determine future ratings.
This AI summary has been generated from information found on Charity Navigator.
Is Beloit Assisted Living Inc legitimate?
Beloit Assisted Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beloit Assisted Living 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
What is the mission statement of Beloit Assisted Living Inc?
Beloit Assisted Living Inc's mission is centered around providing specialized housing facilities and services for the elderly and handicapped individuals. The primary goal is to meet their physical, social, and psychological needs, thereby promoting their health, security, happiness, and usefulness in longer living. The organization strives to create an environment that caters to their needs, ultimately enhancing their quality of life.
Who is the CEO of Beloit Assisted Living Inc?
J Marcellus Perry is the President of Beloit Assisted Living Inc.
What is the revenue of Beloit Assisted Living Inc?
Beloit Assisted Living Inc's revenue in 2022 was $201,168.
Who are the executives of Beloit Assisted Living Inc and what are their salaries?
There 18 volunteers at Beloit Assisted Living Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $121,165
- Other: $9,824
- Compensation: $0
- Related: $80,824
- Other: $13,428
- Compensation: $0
- Related: $93,621
- 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
Where can I find the form 990 for Beloit Assisted Living Inc?
Beloit Assisted Living Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beloit Assisted Living Inc
Beloit Assisted Living Inc, a nonprofit organization, is dedicated to serving the needs of elderly individuals and those with disabilities. Their benevolent purpose is to provide housing facilities and services that cater to the physical, social, and psychological needs of these individuals. The organization's mission is to promote their health, security, happiness, and usefulness in longer living, aiming to enhance their quality of life. Beloit Assisted Living Inc currently operates a 30-unit housing project, demonstrating their commitment to meeting the housing needs of the elderly population.
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Impact
October, 2024
Beloit Assisted Living Inc plays a vital role in addressing the needs of elderly and handicapped individuals by offering specialized housing and support services. By providing a 30-unit housing project in Beloit, Wisconsin, the organization ensures that residents receive tailored assistance designed to meet their physical, social, and psychological requirements. This approach significantly promotes the health, security, and overall well-being of its residents, enhancing their quality of life and fostering a sense of community.
Through its dedicated facilities, Beloit Assisted Living Inc not only offers safe and comfortable housing but also enables residents to maintain a sense of independence while receiving the necessary support. This initiative helps combat social isolation and encourages meaningful engagement, thereby contributing to the happiness and usefulness of its residents as they age. The focus on holistic care underlines the organization's commitment to empowering elderly individuals to live fulfilling lives in a supportive environment.
This information is meant to be a general summary of Beloit Assisted Living 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: $242
- Program Service Revenue: $199,950
- Gross Receipts: $201,168
Assets and Liabilities:
- Total Assets: $1,350,467
- Total Liabilities: $35,117
- Net Assets: $1,315,350
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$199,950
Organization Details
Founding Year
2001
Phone
(608) 313-1300Principal Officer
J Marcellus Perry
Main Address
20 ECLIPSE CENTER, BELOIT, WI, 53511
NTEE Category
Code: L22 - Housing
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