Overview
What is New Life Manor Inc?
New Life Manor Inc, established in Blue Earth, Minnesota, is a nonprofit organization dedicated to providing affordable housing solutions for the elderly and individuals with disabilities. Operating a 24-unit congregate housing facility, their mission is to offer reasonably priced apartments in the local area, ensuring accommodations for this specific demographic. The nonprofit's activities are centered around making a positive impact on the community by offering suitable housing options for the elderly and handicapped population in Blue Earth and its surroundings.
Official website here: www.stlcare.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Stars
New Life Manor Inc has received a low rating of 55% from Charity Navigator, indicating significant concerns in its financial accountability and overall operational effectiveness. The rating is based solely on the Accountability & Finance beacon, where the organization scored well in areas like board independence and conflict of interest policy, but fell short in critical financial metrics.
The organization boasts a fully independent board and has no reported material diversion of assets, reflecting positive governance practices. However, it struggles with its financial ratios, particularly a high liabilities-to-assets ratio of 214.27%, which raises red flags regarding its financial health. Additionally, while most essential documents are properly listed, the absence of a whistleblower policy and the failure to post the tax form on its website detract from its overall score.
Overall, while New Life Manor Inc demonstrates some strengths in governance, its financial challenges and lack of transparency in certain areas are significant limitations that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is New Life Manor Inc legitimate?
New Life Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Life Manor 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: $20,623
For more financial information, click here
Official website here: www.stlcare.com
What is the mission statement of New Life Manor Inc?
New Life Manor Inc is dedicated to providing affordable housing options for the elderly and individuals with disabilities. Established with this purpose, the organization operates a 24-unit congregate housing facility to cater to this specific community's needs. Their mission is to make housing accessible and affordable, thereby enhancing the quality of life for these individuals. They serve the community in and around Blue Earth, Minnesota, providing a supportive living environment.
Official website here: www.stlcare.com
Who is the CEO of New Life Manor Inc?
Margaret Brandt is the Ceo of New Life Manor Inc. The CEO's salary of New Life Manor Inc is $0 and their total compensation is $116,987.
Official website here: www.stlcare.com
What is the revenue of New Life Manor Inc?
New Life Manor Inc's revenue in 2022 was $194,026.
Official website here: www.stlcare.com
Who are the executives of New Life Manor Inc and what are their salaries?
There 5 volunteers at New Life Manor Inc.
Here are 6 key members and their salaries (New Life Manor Inc's CEO's salary is $0 and their total compensation is $116,987):
- 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
- Compensation: $0
- Related: $113,700
- Other: $3,287
Official website here: www.stlcare.com
Where can I find the form 990 for New Life Manor Inc?
New Life Manor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stlcare.com
Learn more at the official website: www.stlcare.com
Mission Statement of New Life Manor Inc
New Life Manor Inc, a nonprofit organization, was established with a mission to provide affordable housing solutions for the elderly and handicapped individuals. This mission is exemplified through the operation of a 24-unit congregate housing facility located in an unspecified area. The primary objective of New Life Manor Inc is to cater to the housing needs of this vulnerable population, thereby enhancing their quality of life. The organization's efforts are geared towards offering a safe and comfortable living environment, thereby promoting independence and dignity for its residents.
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Impact
October, 2024
New Life Manor Inc significantly impacts the Blue Earth community by providing low-cost housing options specifically for the elderly and handicapped. By operating a 24-unit congregate housing facility, it ensures that vulnerable populations have access to safe and affordable living arrangements. This initiative not only addresses the critical need for accessible housing but also fosters a sense of community and support for its residents. The availability of these apartments contributes to improved quality of life for many individuals, allowing them to maintain their independence while receiving the necessary assistance in their daily lives.
This information is meant to be a general summary of New Life Manor 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: $16
- Program Service Revenue: $191,857
- Gross Receipts: $194,026
Assets and Liabilities:
- Total Assets: $330,356
- Total Liabilities: $707,854
- Net Assets: -$377,498
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT REVENUE
Revenue
$98,483
HUD SUPPLEMENT
Revenue
$93,374
Organization Details
Founding Year
1984
Phone
(507) 526-2184Principal Officer
Margaret Brandt
Main Address
505 E 17TH ST, BLUE EARTH, MN, 56013
Website
www.stlcare.comNTEE Category
Code: L22 - Housing
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