Overview
What is Guardian Angels Homes Inc?
Guardian Angels Homes Inc is a nonprofit organization situated in Elk River, Minnesota. Its primary mission is to provide housing facilities and related services for the elderly and handicapped community. They operate three apartment complexes, housing a total of 103 units, which are specifically designed to cater to the physical, social, and psychological needs of the residents. This dedicated service aims to enhance their health, security, and overall happiness. The organization's operations contribute positively to the well-being of these individuals, making their living conditions more comfortable and secure.
Official website here: www.guardianangelsmn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Guardian Angels Homes Inc has earned a solid Three-Star rating from Charity Navigator, reflecting its accountability and financial health. The charity scored 81% overall, with its rating derived entirely from its performance in accountability and finance metrics. The organization demonstrated strong governance with a fully independent board and comprehensive audit oversight, which are crucial indicators of good management practices.
The organization excelled in several key areas, scoring full points for independent board membership, financial statement oversight, and for having proper policies in place regarding conflicts of interest and whistleblower protections. Additionally, the charity maintains a high program expense ratio of 72.86%, suggesting that a significant portion of its funds is directed towards its mission-related activities.
However, the organization did face challenges, particularly reflected in its liabilities to assets ratio, which is notably high at 248.95%. This may indicate financial risks that could impact its long-term sustainability. Overall, while Guardian Angels Homes Inc shows strong governance and financial practices, potential donors should be aware of the financial liabilities highlighted in the rating.
This AI summary has been generated from information found on Charity Navigator.
Is Guardian Angels Homes Inc legitimate?
Guardian Angels Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Guardian Angels Homes 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: $226,124
For more financial information, click here
Official website here: www.guardianangelsmn.org
What is the mission statement of Guardian Angels Homes Inc?
Guardian Angels Homes Inc is committed to providing housing facilities and related services for elderly and handicapped individuals. They operate three apartment complexes, housing a total of 103 units, which are designed to cater to the physical, social, and psychological needs of the residents. The aim is to contribute to their health, security, and overall happiness. The organization's operations aim to enhance the living conditions and well-being of those who require specialized care.
Official website here: www.guardianangelsmn.org
Who is the CEO of Guardian Angels Homes Inc?
Traci Larson is the CEO of Guardian Angels Homes Inc The CEO's salary of Guardian Angels Homes Inc is $0 and their total compensation is $247,781.
Official website here: www.guardianangelsmn.org
What is the revenue of Guardian Angels Homes Inc?
Guardian Angels Homes Inc's revenue in 2023 was $1,212,654.
Official website here: www.guardianangelsmn.org
Who are the executives of Guardian Angels Homes Inc and what are their salaries?
There 74 volunteers at Guardian Angels Homes Inc.
Here are 21 key members and their salaries (Guardian Angels Homes Inc's CEO's salary is $0 and their total compensation is $247,781):
- Compensation: $0
- Related: $243,170
- Other: $4,611
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- Related: $117,635
- Other: $11,386
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- Related: $241,416
- Other: $34,388
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- Other: $0
Official website here: www.guardianangelsmn.org
Where can I find the form 990 for Guardian Angels Homes Inc?
Guardian Angels Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.guardianangelsmn.org
Learn more at the official website: www.guardianangelsmn.org
Mission Statement of Guardian Angels Homes Inc
Guardian Angels Homes Inc is committed to providing elderly and handicapped individuals with housing facilities and related services. Their mission is accomplished through the operation of three apartment complexes, collectively housing 103 units. These facilities are meticulously designed to cater to the physical, social, and psychological needs of the residents, contributing significantly to their health, security, and overall happiness. The organization's primary goal is to create an environment that supports the well-being of its residents, ensuring they live with dignity and contentment.
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Impact
July, 2024
Guardian Angels Homes Inc's impact can be seen in its commitment to providing elderly and handicapped individuals with specialized housing facilities and services. Through the operation of three apartment complexes totaling 103 units in Elk River, MN, this organization focuses on meeting the physical, social, and psychological needs of its residents. By creating environments that promote health, security, and happiness, Guardian Angels Homes Inc plays a vital role in enhancing the quality of life for its residents.
This information is meant to be a general summary of Guardian Angels Homes 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: $173
- Program Service Revenue: $1,110,054
- Gross Receipts: $1,240,500
Assets and Liabilities:
- Total Assets: $1,255,148
- Total Liabilities: $3,124,731
- Net Assets: -$1,869,583
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT REVENUE
Revenue
$1,090,354
LAUNDRY REVENUE
Revenue
$19,700
Organization Details
Founding Year
1978
Principal Officer
Teresa Larson
Website
www.guardianangelsmn.orgNTEE Category
Code: P75 - Human services
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