Overview
What is Minnesota Masonic Home Care Center?
The Minnesota Masonic Home Care Center is a non-profit organization based in Bloomington, Minnesota, run by Minnesota Masonic Charities and Affiliates. Their primary focus is to provide nursing care and housing for the elderly. They manage a nursing home facility with 214 beds and an assisted living complex consisting of 45 units. In 2022, the nursing home and assisted living had occupancy rates of 74.91% and 85.9%, respectively. Aside from their eldercare services, they contribute to various charitable causes and projects, supporting entities with tax-exempt status that provide facilities for nursing care, elderly housing, community, health, social services, and education. They also engage in research and activities related to cancer, childhood language disorders, and other physical, emotional, and mental maladies of the youth. Additionally, they help students obtain higher education and collect, preserve, and disseminate historical knowledge about masonry in Minnesota. The organization employs a total of 552 individuals.
Official website here: www.mnmasonichomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Minnesota Masonic Home Care Center has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. This score is derived solely from factors related to the charity's financial practices, showcasing a comprehensive commitment to transparency and responsible management. The organization reported a program expense ratio of 90.39%, suggesting that a significant portion of its funds is directed towards its mission rather than administrative costs.
Strengths of the Minnesota Masonic Home Care Center include a fully independent board of directors, with 100% of board members meeting independence criteria. The charity also boasts a robust financial oversight framework, evidenced by their complete compliance with audit and oversight measures and a strong asset-liability ratio of 18.84%. Moreover, the presence of essential policies such as conflict of interest, whistleblower protections, and clear documentation practices further highlights their commitment to ethical governance.
While the data reflects strong financial accountability and operational transparency, it is essential for potential donors and stakeholders to consider the impact of the organization's programs in addition to its financial metrics. Although the financial health is commendable, insights into the effectiveness of its services and community impact could provide a fuller picture of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Masonic Home Care Center legitimate?
Minnesota Masonic Home Care Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Masonic Home Care Center 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: $18,336,407
For more financial information, click here
Official website here: www.mnmasonichomes.org
What is the mission statement of Minnesota Masonic Home Care Center?
The Minnesota Masonic Home Care Center is dedicated to providing nursing care for the elderly. Minnesota Masonic Charities and its affiliates strive to help and assist various individuals, guided by the Masonic principles of brotherly love, relief, and truth. They achieve this by offering financial or other assistance to non-profit tax-exempt entities that provide facilities for nursing care and elderly housing, as well as community, health, social services, and education for the elderly. Furthermore, they engage in research and activities related to the treatment and cure of cancer and childhood language disorders, assist students in obtaining higher education, and collect, preserve, and disseminate historical knowledge about masonry in Minnesota. The organization also supports charitable causes and projects that aid, assist, and contribute to the support of corporations, trusts, associations, and foundations that are exempt from federal income taxes.
Official website here: www.mnmasonichomes.org
Who is the CEO of Minnesota Masonic Home Care Center?
Eric J Neetenbeek is the President/Ceo-Charities of Minnesota Masonic Home Care Center. The CEO's salary of Minnesota Masonic Home Care Center is $0 and their total compensation is $465,126.
Official website here: www.mnmasonichomes.org
What is the revenue of Minnesota Masonic Home Care Center?
Minnesota Masonic Home Care Center's revenue in 2022 was $29,186,237.
Official website here: www.mnmasonichomes.org
Who are the executives of Minnesota Masonic Home Care Center and what are their salaries?
The average compensation at Minnesota Masonic Home Care Center during 2022 was $33,218. There are 552 employees and 16 volunteers at Minnesota Masonic Home Care Center.
Here are 29 key members and their salaries (Minnesota Masonic Home Care Center's CEO's salary is $0 and their total compensation is $465,126):
- Compensation: $0
- Related: $430,564
- Other: $34,562
- Compensation: $0
- Related: $211,895
- Other: $33,710
- Compensation: $0
- Related: $226,124
- Other: $25,743
- Compensation: $160,111
- Related: $0
- Other: $17,458
- Compensation: $143,459
- Related: $0
- Other: $22,023
- Compensation: $137,738
- Related: $0
- Other: $16,342
- Compensation: $147,140
- Related: $0
- Other: $0
- Compensation: $137,392
- Related: $0
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- Other: $0
Official website here: www.mnmasonichomes.org
Where can I find the form 990 for Minnesota Masonic Home Care Center?
Minnesota Masonic Home Care Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mnmasonichomes.org
Learn more at the official website: www.mnmasonichomes.org
Mission Statement of Minnesota Masonic Home Care Center
Minnesota Masonic Home Care Center, a charitable organization under Minnesota Masonic Charities and Affiliates, is dedicated to providing nursing care and support for the elderly. Guided by the Masonic principles of brotherly love, relief, and truth, the center aims to help and assist not just the Masonic family but also others in need.
In fulfilling its mission, Minnesota Masonic Home Care Center provides financial assistance to various tax-exempt entities, including those that offer nursing care and elderly housing. These entities receive support to enhance their capacity to serve the elderly population effectively. Moreover, the center promotes research and activities related to the treatment and cure of different maladies among the youth, such as cancer and childhood language disorders.
Minnesota Masonic Home Care Center extends its reach beyond elder care by also assisting students in pursuing higher education. This commitment to education empowers the younger generation and contributes to the development of the community. The organization also collects, preserves, and disseminates historical knowledge about masonry in Minnesota, maintaining its rich heritage. Lastly, it engages in and supports charitable causes and projects that aid, assist, and contribute to the support of corporations, trusts, associations, and foundations exempt from federal income taxes. Through these various initiatives, Minnesota Masonic Home Care Center makes a significant impact on the lives of the elderly and the community at large.
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Impact
October, 2024
Minnesota Masonic Home Care Center significantly impacts the community by providing essential nursing and care services for the elderly. By operating a 214-bed nursing home and a 45-unit assisted living facility, it addresses the pressing needs of older adults requiring specialized care. In 2022, the nursing home and assisted living complex achieved occupancy rates of 74.91% and 85.9%, respectively, highlighting the demand for their services.
Their mission is underpinned by Masonic principles, emphasizing brotherly love, relief, and truth. This philosophy drives their commitment not only to care for residents but also to aid the wider community through various initiatives. These include promoting health and social services for the elderly, supporting educational opportunities for students, and engaging in research aimed at curing significant health issues.
By offering a supportive environment and fostering community engagement, Minnesota Masonic Home Care Center plays a vital role in enhancing the quality of life for its residents and contributing to the well-being of the greater community in Bloomington, MN.
This information is meant to be a general summary of Minnesota Masonic Home Care Center. 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: $10,660
- Program Service Revenue: $28,201,495
- Gross Receipts: $29,186,237
Assets and Liabilities:
- Total Assets: $28,348,184
- Total Liabilities: $5,341,196
- Net Assets: $23,006,988
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$28,201,495
Organization Details
Founding Year
1908
Phone
(952) 948-7000Principal Officer
Eric J Neetenbeek
Main Address
11501 MASONIC HOME DRIVE, BLOOMINGTON, MN, 55437
Website
www.mnmasonichomes.orgNTEE Category
Code: P750 - Human services
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