Overview
What is Walker Senior Housing Corporation I?
Walker Senior Housing Corporation I is a nonprofit organization situated in Minnetonka, Minnesota, specifically at 11055 Wayzata Blvd 200. Their primary mission is to provide affordable senior living for adults aged 62 and above, housing 45 residents in a community situated in St. Anthony, Minnesota. The community, named Walker Methodist Kenzie, is federally subsidized and adheres to HUD 202, Section 8 regulations. Residents of this senior housing community enjoy various opportunities for physical activity, social interaction, entertainment, and charitable engagement. Walker Methodist Kenzie boasted an impressive 95.06% occupancy rate as of December 31, 2022. The nonprofit's ethos revolves around fostering a culture of care, respect, and service for older adults, promoting an enriching lifestyle for its residents.
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 Senior Housing Corporation I has achieved a commendable score of 81%, reflecting a strong emphasis on accountability and financial management. The organization has scored well across various metrics, indicating effective oversight, with no material diversion of assets reported in the most recent fiscal year. The organization maintains transparency through its policies on conflict of interest, whistleblower protections, and document retention, which are all fully compliant.
The organization allocates a significant portion of its budget to program expenses, boasting a ratio of approximately 77%. This suggests a commitment to utilizing its resources effectively to fulfill its mission. Additionally, the charity's financial statements and governance practices are robust, scoring full points in areas that contribute to overall accountability.
Despite its strengths, the rating is based solely on the Accountability & Finance metrics, which means there may be limited insights into other operational areas, such as impact and effectiveness. Overall, Walker Senior Housing Corporation I demonstrates a solid financial foundation and governance structure, but potential donors may want to explore additional information regarding its broader operational performance.
This AI summary has been generated from information found on Charity Navigator.
Is Walker Senior Housing Corporation I legitimate?
Walker Senior Housing Corporation I is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walker Senior Housing Corporation I 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: $14,465
For more financial information, click here
Official website here: www.walkermethodist.org
What is the mission statement of Walker Senior Housing Corporation I?
Walker Senior Housing Corporation I's mission is centered around enriching the lives of older adults. They strive to achieve this through a culture of care, respect, and service. The corporation's primary activity involves providing affordable senior living in a 45-unit community. Residents are offered opportunities for physical activity, social interaction, entertainment, and charitable giving and receiving. The corporation's aim is not just to provide a place to live, but to enhance the overall quality of life for its elderly residents.
Official website here: www.walkermethodist.org
Who is the CEO of Walker Senior Housing Corporation I?
Scott Riddle is the Secretary/Ceo of Walker Senior Housing Corporation I. The CEO's salary of Walker Senior Housing Corporation I is $0 and their total compensation is $536,694.
Official website here: www.walkermethodist.org
What is the revenue of Walker Senior Housing Corporation I?
Walker Senior Housing Corporation I's revenue in 2022 was $2,962,349.
Official website here: www.walkermethodist.org
Who are the executives of Walker Senior Housing Corporation I and what are their salaries?
There 1 volunteer at Walker Senior Housing Corporation I.
Here are 5 key members and their salaries (Walker Senior Housing Corporation I's CEO's salary is $0 and their total compensation is $536,694):
- Compensation: $0
- Related: $513,702
- Other: $22,992
- Compensation: $0
- Related: $287,378
- Other: $31,479
- Compensation: $0
- Related: $278,785
- Other: $31,316
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $235,395
- Other: $28,303
Official website here: www.walkermethodist.org
Where can I find the form 990 for Walker Senior Housing Corporation I?
Walker Senior Housing Corporation I'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 Senior Housing Corporation I
Walker Senior Housing Corporation I is dedicated to improving the lives of older adults by providing them with affordable senior living. This is done through a culture of care, respect, and service, ensuring that the residents have a fulfilling living experience. The corporation's mission is to offer a welcoming community where seniors aged 62 and above can engage in various activities, socialize, and be entertained. Residents also have opportunities for charitable giving and receiving, fostering a sense of community and purpose. The high occupancy rate of 95.06% at Walker Methodist Kenzie, a federally-subsidized senior housing community operated by Walker Senior Housing Corporation I, is a testament to the corporation's commitment to providing quality senior living.
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Impact
July, 2024
Walker Senior Housing Corporation I's impact can be seen in its provision of affordable senior living for adults 62 years and older in a 45-unit community located in St. Anthony, Minnesota. By offering federally-subsidized HUD 202, Section 8 senior housing, this organization provides residents with opportunities for physical activity, social interaction, entertainment, and charitable giving and receiving. The high occupancy rate of 95.06% for the year ending December 31, 2022, demonstrates the significant demand for this type of affordable senior housing in the community. Walker Senior Housing Corporation I is dedicated to enhancing the lives of older adults through a culture of care, respect, and service, making a positive impact on the well-being of its residents.
This information is meant to be a general summary of Walker Senior Housing Corporation I. 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: $2,889,959
- Program Service Revenue: $71,693
- Gross Receipts: $5,672,401
Assets and Liabilities:
- Total Assets: $2,213,526
- Total Liabilities: $160
- Net Assets: $2,213,366
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$71,693
Organization Details
Founding Year
1983
Phone
(612) 827-8400Principal Officer
Scott Riddle
Main Address
11055 WAYZATA BLVD 200, MINNETONKA, MN, 55305
Website
www.walkermethodist.orgNTEE Category
Code: L22Z - Housing
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