Overview
What is Walker Residence Inc?
Walker Residence Inc, doing business as Walker Methodist Place, is a renowned nonprofit organization located in Minnetonka, Minnesota. Their primary focus is to provide senior living with comprehensive services, operating as a 122-unit continuing care retirement community in Minneapolis. Residents have access to various healthcare options, including nursing care, ensuring they can receive the necessary medical attention now or in the future. The community offers various opportunities for physical activity, social interaction, creative expression, intellectual advancement, spiritual exploration, volunteering, and charitable giving, fostering a vibrant and engaging environment for its residents. As of December 31, 2022, Walker Methodist Place boasted an occupancy rate of 74.03%. With a dedicated workforce of 857 individuals, this organization is committed to enhancing the lives of older adults through a culture of care, respect, and service.
Official website here: www.walkermethodist.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Star rating)
Walker Residence Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This indicates a solid level of accountability and financial health. The organization boasts a strong independent board, with 91% of its 11 members being independent, and has effectively implemented policies for financial oversight, conflict of interest, and whistleblower protection.
The charity demonstrates a commendable program expense ratio of 83.30%, indicating that a significant portion of its expenditures directly supports its mission. Additionally, there are no reported material diversions of assets, which suggests a high level of financial integrity. However, user feedback has raised concerns about the high salaries of key personnel, particularly the CEO, which may lead to questions regarding how much of the funds are allocated towards program services versus administrative costs.
This AI summary has been generated from information found on Charity Navigator.
Is Walker Residence Inc legitimate?
Walker Residence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walker Residence 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: $1,395,992
For more financial information, click here
Official website here: www.walkermethodist.org
What is the mission statement of Walker Residence Inc?
Walker Residence Inc's mission is centered around enhancing the lives of older adults. They achieve this through a culture of care, respect, and service. The organization focuses on providing senior living with necessary services, ensuring that residents have access to healthcare they may require now or in the future. Residents at Walker Residence Inc are offered various opportunities for physical activity, social interaction, creative expression, intellectual advancement, spiritual expression, volunteering, and charitable giving. The goal is to enrich the lives of older adults, promoting a holistic approach to senior living.
Official website here: www.walkermethodist.org
Who is the CEO of Walker Residence Inc?
Scott Riddle is the President/Ceo of Walker Residence Inc. The CEO's salary of Walker Residence Inc is $0 and their total compensation is $530,049.
Official website here: www.walkermethodist.org
What is the revenue of Walker Residence Inc?
Walker Residence Inc's revenue in 2022 was $4,151,551.
Official website here: www.walkermethodist.org
Who are the executives of Walker Residence Inc and what are their salaries?
The average compensation at Walker Residence Inc during 2022 was $1,629. There are 857 employees and 11 volunteers at Walker Residence Inc.
Here are 18 key members and their salaries (Walker Residence Inc's CEO's salary is $0 and their total compensation is $530,049):
- Compensation: $0
- Related: $508,173
- Other: $21,876
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $289,742
- Other: $30,280
- Compensation: $0
- Related: $309,632
- Other: $29,676
- Compensation: $0
- Related: $195,351
- Other: $16,541
Official website here: www.walkermethodist.org
Where can I find the form 990 for Walker Residence Inc?
Walker Residence Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.walkermethodist.org
Learn more at the official website: www.walkermethodist.org
Mission Statement of Walker Residence Inc
Walker Residence Inc, a nonprofit organization, is dedicated to enhancing the lives of older adults through a culture of care, respect, and service. Their mission is to provide senior living that goes beyond the mere provision of housing. They strive to offer a holistic approach, encompassing physical activity, social interaction, creative expression, intellectual advancement, spiritual expression, volunteering, and charitable giving. The ultimate goal is to improve the overall well-being of the elderly residents, ensuring they can live their lives to the fullest, regardless of any health care needs they may have now or in the future. The 122-unit continuing care retirement community in Minneapolis, MN, serves as a testament to their commitment to this mission.
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Impact
July, 2024
Walker Residence Inc's impact is centered around enhancing the lives of older adults through a culture of care, respect, and service. By providing senior living in a 122-unit continuing care retirement community in Minneapolis, Minnesota, they offer a supportive environment where residents can access senior housing, health services, and nursing care all on one campus.
Residents at Walker Methodist Place receive not only essential healthcare services but also opportunities for physical activity, social interaction, creative expression, intellectual advancement, spiritual exploration, volunteering, and charitable giving. This holistic approach to senior living enriches the lives of the residents and fosters a sense of community and well-being.
Through their mission-driven work, Walker Residence Inc positively impacts the lives of older adults by providing a supportive and nurturing environment where they can thrive and enjoy all the living that comes with life.
This information is meant to be a general summary of Walker Residence 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: $130,544
- Program Service Revenue: $3,728,267
- Gross Receipts: $4,815,442
Assets and Liabilities:
- Total Assets: $20,321,625
- Total Liabilities: $26,278,304
- Net Assets: -$5,956,679
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT REVENUE
Revenue
$3,725,745
ENTRANCE FEES
Revenue
$2,522
Organization Details
Founding Year
1982
Phone
(612) 827-8400Principal Officer
Scott Riddle
Main Address
11055 WAYZATA BLVD 200, MINNETONKA, MN, 55305
Website
www.walkermethodist.orgNTEE Category
Code: P75 - Human services
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