Overview
What is Assumption Home Inc?
Assumption Home Inc, located in Cold Spring, Minnesota, is a nonprofit organization that runs a 76-bed long-term healthcare facility. This facility, renowned for its Christian approach, offers continuous care for older adults. Conveniently situated in the heart of Cold Spring, Assumption Home features scenic surroundings including a garden, park, and a middle school playground. The organization prides itself on providing comprehensive medical care, with several onsite primary physicians, consulting specialists like audiologists and podiatrists, and a local pharmacy to administer medications. Assumption Home collaborates with other clinics and medical professionals as required to ensure the best possible care for its residents. With a mission to provide a continuum of quality care in a Christian environment, Assumption Home respects the dignity of its community members. The organization employs 245 individuals.
Official website here: www.assumptioncommunity.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% - Three-Star out of Four Star rating
Assumption Home Inc has earned an 83% rating from Charity Navigator, indicating a commendable level of accountability and financial management. The charity's score is entirely derived from its Accountability & Finance metrics, which reflects a strong commitment to transparency and responsible stewardship of funds. A notable strength is the composition of its board, with 91% independent members, allowing for unbiased oversight and governance.
In terms of financial practices, the organization received full points for its audit and oversight committee, conflict of interest policy, and whistleblower policy. Additionally, it maintains a high program expense ratio of 90.78%, suggesting that a significant portion of its funding is directed towards its mission rather than administrative costs, which is a positive indicator for potential donors.
However, there is room for improvement, particularly in the liabilities to assets ratio, where it scored 2 out of 15 points. This indicates potential financial risks that could impact the organization’s sustainability. Overall, while Assumption Home Inc demonstrates solid financial accountability, addressing its liabilities could bolster its overall financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Assumption Home Inc legitimate?
Assumption Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Assumption Home 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: $213,841
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,079,859
For more financial information, click here
Official website here: www.assumptioncommunity.com
What is the mission statement of Assumption Home Inc?
Assumption Home Inc is dedicated to delivering a continuum of quality care in a compassionate and Christian manner. The organization provides a range of health services, focusing on the dignity of those in the local community. At Assumption Home, onsite primary physicians and consulting specialists collaborate to ensure comprehensive medical care. Additionally, the facility coordinates care with external medical professionals as necessary. The mission of Assumption Home is to honor the dignity of each person while delivering top-notch health services.
Official website here: www.assumptioncommunity.com
Who is the CEO of Assumption Home Inc?
Mary Boyde is the Second Vp/Ceo of Assumption Home Inc. The CEO's salary of Assumption Home Inc is $0 and their total compensation is $0.
Official website here: www.assumptioncommunity.com
What is the revenue of Assumption Home Inc?
Assumption Home Inc's revenue in 2022 was $13,119,128.
Official website here: www.assumptioncommunity.com
Who are the executives of Assumption Home Inc and what are their salaries?
The average compensation at Assumption Home Inc during 2022 was $21,607. There are 245 employees and 62 volunteers at Assumption Home Inc.
Here are 19 key members and their salaries (Assumption Home Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $31,886
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- Compensation: $38,077
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Official website here: www.assumptioncommunity.com
Where can I find the form 990 for Assumption Home Inc?
Assumption Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.assumptioncommunity.com
Learn more at the official website: www.assumptioncommunity.com
Mission Statement of Assumption Home Inc
Assumption Home Inc, a esteemed nonprofit organization, is dedicated to delivering a comprehensive range of health and residential services in a nurturing Christian environment. The mission of Assumption Home is grounded in the belief of honoring the dignity of individuals within their local community.
In practice, Assumption Home strives to provide top-quality care in a compassionate Christian manner. This commitment is reflected in their day-to-day operations, which cater to the needs of older adults, offering them long-term and rehabilitative care. Assumption Home's team of onsite primary physicians, along with numerous consulting specialists, work together to ensure that every resident receives holistic medical care. Moreover, the organization facilitates the coordination of care with other healthcare professionals and clinics, ensuring that residents' needs are met efficiently.
Assumption Home is more than just a healthcare facility; it's a supportive community where residents are treated with respect and dignity. By maintaining a Christian environment, the organization fosters an atmosphere of peace, tranquility, and companionship. With a team of caring professionals, Assumption Home ensures that its residents feel at home and cared for, empowering them to enjoy their later years with comfort and security.
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Impact
October, 2024
Assumption Home Inc significantly enhances the quality of life for older adults in the Cold Spring, MN community by delivering a comprehensive range of health and residential services within a compassionate Christian framework. Operating a 76-bed long-term health care facility, Assumption Home ensures that residents receive attentive daily care tailored to their individual needs.
The facility stands out not only for its serene environment, nestled among gardens and parks, but also for its commitment to fostering dignity and respect for each resident. By offering a continuum of care that includes access to onsite primary and consulting physicians, as well as coordination with other medical professionals, Assumption Home plays a crucial role in the well-being of its residents.
Families can find peace of mind knowing that their loved ones are cared for by a dedicated team in a nurturing setting. The array of services, from rehabilitative care to routine medical attention, reflects Assumption Home's mission to serve the community with empathy and integrity, ultimately enriching the lives of both residents and their families.
This information is meant to be a general summary of Assumption Home 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: $129,059
- Program Service Revenue: $9,789,293
- Gross Receipts: $13,119,128
Assets and Liabilities:
- Total Assets: $22,261,219
- Total Liabilities: $15,111,684
- Net Assets: $7,149,535
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Resident Services
Revenue
$6,356,440
Apartment
Revenue
$2,036,035
Other Service Income
Revenue
$1,215,988
Management Fees
Revenue
$180,830
Organization Details
Founding Year
1963
Phone
(320) 685-3693Principal Officer
Mary Boyde
Main Address
715 North 1st Street, Cold Spring, MN, 56320
Website
www.assumptioncommunity.comNTEE Category
Code: P750 - Human services
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